October 13, 2026

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INDIAN ECONOMY

India expanding trade footprint to strengthen global ties and empower MSMEs: Piyush Goyal

India is rapidly broadening its network of free trade agreements to integrate deeply with global economies, empower micro, small, and medium enterprises, and accelerate national economic expansion, Union Minister Piyush Goyal said on Saturday. Speaking at the 121st Annual Session of the PHD Chamber of Comm...

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Need to look at cost of doing business to boost manufacturing; cut statutory liquidity ratio: Amitabh Kant

India must cut the statutory liquidity ratio (SLR) to boost job-intensive manufacturing, former NITI Aayog chief executive Amitabh Kant said. Kant said the production-linked incentive (PLI) is a short-term solution for the manufacturing sector, but in the long term, "we need to reduce the cost of doing bus...

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India's services demand outlook positive for Q3FY27, margin concerns persist: RBI

India's services sector is expected to maintain a positive demand outlook in Q3FY27, although business optimism has moderated compared with the previous quarter, with firms anticipating some easing in cost pressures but remaining less optimistic about selling prices and profit margins, according to the Reserv...

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Inflation could hit 7%, forcing RBI to hike rates by 150 bps further: Report

India's inflation risks are significantly higher than the Reserve Bank of India (RBI) currently acknowledges, with price pressures likely to push inflation to 6-7 per cent in the coming quarters, potentially requiring further interest rate hikes, according to a report by Systematix Institutional Equities. ...

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India's white-collar hiring rises 2% in September as AI/ML jobs hit record growth: Naukri

White-collar hiring grew marginally by 2% year-on-year (YoY) in September, driven mainly by record growth in Artificial Intelligence and Machine Learning (AI/ML) roles, followed by the auto sector, a report said on Friday. White-collar hiring remained largely steady in September, growing 2% YoY, with the N...

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India to launch PTA negotiations with Mexico next week

India will launch negotiations for a preferential trade agreement (PTA) with Mexico next week, Commerce and Industry Minister Piyush Goyal said on Saturday, as the government steps up efforts to expand trade ties with key partners. Speaking at an event organised by the PHD Chamber of Commerce and Industry,...

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Rice exports may take a hit next year on lower surplus

India’s rice exports next year are projected to decline by 4% to 24 million tonne (MT) in 2027 due to lower shipments of broken and white rice, the United States Department of Agriculture (USDA) said in a report. The USDA’s global market analysis attributed fall in India’s rice exports, which has the bigge...

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MARKET & FINANCE

From inflows to outflows: FPI investment reverses course since LTCG's 2018 return

Indian markets have fared much better in terms of foreign portfolio investor (FPI) inflows during the years when Long Term Capital Gains(LTCG) tax was exempt compared to the period after this tax was reintroduced, data compiled by Moneycontrol showed. Since 2018, when the Centre reintroduced LTCG tax on li...

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Equity mutual fund inflows jump 31% to Rs 38,307 crore in September; SIP contributions hit record Rs 32,490 crore

Equity mutual fund inflows rose sharply in September 2026, even as heavy withdrawals from debt schemes pulled overall mutual fund flows into negative territory. Equity-oriented schemes attracted Rs 38,306.55 crore in September, up nearly 31 percent from Rs 29,328.62 crore in August, according to the latest...

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Global Market: China's Yuan hovers near 3-1/2-year high as trade risks cloud outlook

China's yuan hovered near a 3-1/2-year high against the dollar on Monday, supported by diminishing expectations of a US interest rate hike in October, although rising trade tensions and a widening yield gap between the two economies could limit further gains. The onshore yuan edged higher to 6.6920 per dol...

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Advantage NBFCs as deposit rates start moving up

Fixed deposits of non-banking financial companies (NBFCs) and even small finance banks (SFB) may become more attractive after last week’s repo rate hike. Depositors should thus spread their investments across one- to three-year tenures to take advantage of potential hikes in interest rates over the next few m...

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Bond yields are rising—and gold is struggling. What should investors do?

The rise in bond yields is global. US markets have made the biggest headlines. But bonds are selling off everywhere else too. The ten-year yield in India has risen from 6.7% in June to 7.3% today. Over the same period, bond yields in France have risen a full percentage point. The UK’s yield has risen a simila...

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Rupee jumps 1% to 95.77 per dollar on RBI measures

The rupee jumped 1% to 95.77 against the dollar in early trade on Monday, compared with Friday’s closing level of 96.73 per dollar. The currency was a standout performer in Asia’s foreign exchange markets, while most regional peers traded in a narrow range. Despite the rally, the rupee is still down 6.6% s...

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GLOBAL CORPORATE

Russia eyes return to Europe's gas market despite sanctions, Ukraine war: Report

Russia may be looking to turn the gas taps to Europe back on, with talks under way over bringing a US investor into the Nord Stream pipelines that once carried Russian gas to Germany. According to five people familiar with the matter, the discussions involve US Special Envoy Jared Kushner and Kirill Dmitriev...

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Stellantis Bets on Small Affordable EVs for European Comeback

Stellantis heads into Paris Motor Show with a message it hopes customers, investors and dealers are ready to hear: after years of sliding market share and weak sales in Europe, the automaker is back in the fight. At a Sunday gala event ahead of the show's opening, CEO Antonio Filosa unveiled six of the nin...

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Asian countries, including India, must accelerate transition to renewable energy

Asian countries, including India, must accelerate a just transition to renewable energy and take the lead in shaping the Global South's response to the climate crisis, a global climate activist has said. The Bangkok Climate Action Week 2026 brings together governments, climate experts, civil society groups...

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Russia partially lifts diesel export ban after Putin-Trump deal to supply US, global markets

The Russian government said on Saturday it had partially lifted a ban on diesel exports with immediate effect, following an agreement between President Vladimir Putin and US President Donald Trump for Russia to supply the US and global markets. "Production volumes are sufficient to meet both domestic deman...

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INCOME TAX

I-T department estimates 25,000 cr tax evasion by restaurants

The income tax department has detected massive evasion by restaurants, which may be of the order of over Rs 25,000 crore. Just based on data from Swiggy and Zomato, the evasion is pegged at Rs 7,500 crore as 8,000 restaurants have got TDS mentioned against them but have not bothered to file returns. The data...

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GLOBAL ECONOMY

UK Finance Minister to Call for Big Economies to Get Borrowing Under Control at IMF

British finance minister John Healey will stress the importance of budget discipline and improving resilience to geopolitical shocks when he meets his foreign counterparts on his first trip to the International Monetary Fund's ann...

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China Adds 10.52 Million Urban Jobs in Jan-Sept, to Roll Out Services Jobs Policy

China added 10.52 million urban jobs in the first nine months of the year, meeting 87.7% of its annual target, the labour ministry said on Saturday. The ministry is also planning new measures to boost hiring in the services sec...

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EU's Irish Presidency Wants 8% Cut to Proposed 2028-2034 Budget Plan

The Irish EU presidency proposed on Saturday an 8% cut in the European Commission's budget plan for the period 2028 to 2034 to €1.6 trillion ($1.79 trillion), drawing criticism from more frugal member states that the reduction is ...

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Charting the Global Economy: Sentiment among US consumers wanes

Sentiment among US consumers deteriorated for a third straight month on cost-of-living concerns, while personal spending in Japan continued to weaken and German factory orders slid. Meanwhile, yields on French bonds have jumped...

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World Bank in talks with 30-40 countries over aid to tackle Middle East energy shock

The World Bank is in discussions with 30 to 40 countries about potential crisis aid to help them manage energy shocks and price increases triggered by the war in the Middle East, its president, Ajay Banga, told Reuters in an inter...

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INDIAN CORPORATE

HCLTech Q2FY27 Results LIVE: Will AI deflation impact FY27 guidance? Dividend in focus

HCLTech Results Q2 Live Updates: HCLTech is set to release its Q2FY27 results today. India’s third-largest IT services company by market capitalisation will announce its financial results after market hours. Here are five key thin...

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Adani's Kutch Copper plans 115 MW renewable energy push at Mundra refinery

Adani Enterprises Ltd's Kutch Copper Ltd plans to integrate 115 megawatts of renewable energy into its operations as it looks to reduce emissions, conserve water and improve resource efficiency at its copper refinery in Mundra, Gu...

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Audi India mulling local production of electric car, aims to double market share in 3-5 years

Audi India is considering local manufacturing of a battery electric vehicle (BEV), with the luxury carmaker betting on a three-pillar strategy to double its market share in the segment over the next three to five years to 15-16 pe...

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Infosys plays down US green card freeze impact, says local workforce offers cushion

Infosys has joined Tata Consultancy Services (TCS) in playing down the business impact of a US freeze on a key employment-based green card process. Both the companies highlighted their investments in local hiring that will help th...

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GST

GST Council allows small online sellers to use warehouses in other states

Small online sellers in India will be able to register in states where they have no premises by using an e-commerce operator's warehouse as their principal place of business, under changes approved by the country's Goods and Services Tax (GST) Council on Thursday. The Council said the current rule, which r...

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GST reforms: What changes in compliance, input tax credit, refunds and litigation from 2027

The latest reforms by the Goods and Services Tax (GST) Council are set to enhance the ease and cost of doing business, but no fresh tax rates mean there will be no immediate price cuts for consumers. At its 57th meeting on 8 October, the Council announced sweeping changes in enforcement, litigation, complianc...

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