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INDIAN ECONOMY
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NEW DELHI: The Indian economy is within striking
distance of 8% growth, on the back of GST and banking reforms, flexible inflation targeting, digital payments and fiscal prudence, a top PMO official said Sunday.
"Many of the reforms undertaken over the past decade were not designed as one-off measures, but ...
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India's economy is robust in a world that is uncertain and difficult, and multiple indicators show that the country is in a stable and strong position, Tata Sons Chairman N Chandrasekaran said on Monday and highlighted that energy security, advanced manufacturing jobs and investment in human capital are "crit...
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India and the US appear to have reached a plateau in negotiations for a trade agreement, Finance Minister Nirmala Sitharaman said, indicating that further concessions from either side could prove difficult after what she described as a hard and very rigorously negotiated agreement.
“The agreements, negot...
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Prime Minister Narendra Modi on Monday hosted Swiss President Guy Parmelin for wide-ranging talks to explore new opportunities in further strengthening India-Switzerland ties, especially in areas of trade and investment, mobility and critical technologies.
Parmelin kick-started his three-day visit to India...
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India is working to emerge from China's shadow while improving diplomatic relations, but the more the world's most populous country pushes, the more apparent its dependence on its wealthier neighbour becomes.
Indian Prime Minister Narendra Modi and Chinese President Xi Jinping met in New Delhi last month, ...
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For any household, the impact of rising food prices is rarely felt all at once. It creeps into the monthly budget gradually.
Costlier onions, higher cooking oil prices, a jump in the cost of pulses, and the same shopping list can start becoming noticeably more expensive over time....
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India’s sourcing of cooking gas underwent a sharp shift in the first half of FY27, with LPG imports from West Asia plunging 71% year-on-year to 2.93 million tonne (MT) during April-September from 10.16 MT a year earlier, while shipments from the US more than tripled to emerge as the largest source, according ...
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India’s macroeconomic stability is helping the country compete for increasingly scarce and expensive global capital, with fiscal consolidation, price stability, a stronger banking system and steady reforms strengthening investor confidence, Economic Affairs Secretary Anuradha Thakur said on Sunday.
Speakin...
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The council may take several steps to ease agricultural processes, including exemptions for farm inputs and equipment used for farming. The concessional treatment may extend to “every input” the farmer buys, sources said, adding that then measures could result in certainty on the applicable rates for several ...
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India’s fast-moving consumer goods (FMCG) market saw its sharpest growth in six quarters for the July-September period (Q2FY27), supported by price hikes and sustained momentum in rural markets, according to Bizom data shared exclusively with FE.
Overall FMCG value growth rose to 8.6% in the three months e...
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Strong economic activity in the first quarter of 2026-27 (April-March) likely continued in July-September, with GDP growth seen at 7-7.5%, well above the Reserve Bank of India’s 6.4% August projection, according to Rahul Bajoria, head of India and ASEAN economic research at BofA Global Research. High-frequenc...
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India and Europe can expand their partnership well beyond traditional trade and diplomatic ties, External Affairs Minister S Jaishankar said at the 62nd Munich Security Conference in Delhi on Sunday. He spoke about artificial intelligence, semiconductors, advanced manufacturing, life sciences, space and defen...
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Building strategic reserves, diversifying suppliers and developing domestic capabilities may be more expensive than relying on global markets, but the premium can be justified where vulnerabilities are critical, Principal Secretary to the Prime Minister, PK Mishra, said on Saturday
“The world that is comin...
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India’s crude oil imports from West Asia rose sharply in September despite continued risks around the Strait of Hormuz, as Gulf suppliers increasingly used ship-to-ship (STS) transfers to keep crude moving through the key shipping route, according to The Indian Express.
At the same time, Russian crude supp...
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The Reserve Bank of India’s Monetary Policy Committee (MPC) may raise the repo rate by 25 basis points this week as elevated crude oil prices, rising food prices and resilient economic growth increase inflationary risks, believe 80% of economists polled by FE.
The six-member MPC will meet from October 5-7,...
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India and the United States may have reached the final stretch of their trade negotiations, but a formal agreement is unlikely to happen soon. On Thursday, the United States Trade Representative (USTR) Jamieson Greer said that the two countries were in the “final phase” of negotiations. However, he also said ...
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MARKET & FINANCE
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Japan's 30-year government bond yield rose to a record high on Monday, as market players awaited remarks from Prime Minister Sanae Takaichi at the opening of an extraordinary parliamentary session later in the day.
Here are a few details:
The 30-year JGB yield hit a record high of 4.235% and was last up 1...
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Indian government bonds held steady early Monday as traders stay sidelined ahead of the Reserve Bank of India's policy verdict this week, while softer US Treasury yields temper jitters from a hefty state borrowing programme.
The benchmark 6.94% 2036 bond yield was perched at 7.2127%, as of 10:25 a.m. IST, ...
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When US fund house Blackstone recently sold a stake in listed REIT Knowledge Realty Trust through an offer for sale, key buyers included PPFAS Asset Management, which manages Parag Parikh Mutual Fund, and 360 ONE Asset Management.
In April, global investor CapitaLand Investment sold a business park in Chen...
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GLOBAL CORPORATE
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Rising political opposition to US data centers has limited near-term impact on their rapid expansion, Goldman Sachs said, with its growth outlook through 2027 remaining largely intact.
Goldman raised its 2026 year-end US data center capacity forecast by 5 gigawatts(GW) to 64 GW, while reducing its 2027 yea...
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Taiwan's Foxconn, the world's largest contract electronics maker, reported on Monday a 47% jump in third-quarter revenue year-on-year that beat market estimates, fuelled by strong AI-related demand.
• Revenue for the July-September quarter was T$3.03 trillion ($95.4 billion), well above an LSEG SmartEstima...
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Europe's uptake of electric vehicles is gaining momentum, with record sales so far this year driven by a slew of affordable models coming onto the market to bring carmakers in line with EU targets, according to a study.
• EV sales across the EU reached record volumes in 2026, with 1.64 million sold in the ...
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Banking
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Bank of India (BoI) and Jammu & Kashmir Bank (J&K Bank) reported strong growth in their loan books in the September quarter, with gross advances rising 20.4% and 23.7% year-on-year (y-o-y), respectively, according to provisional business figures released on Saturday.
BoI’s global gross advances rose to Rs ...
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GLOBAL ECONOMY
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Japanese Prime Minister Sanae Takaichi on Monday pledged to "control" bond issuance and act swiftly against market turbulence, seeking to reassure investors worried about Japan's worsening public finances that have pushed up bond ...
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The expansion in Spain's service sector picked up pace in September as increased demand lifted activity despite a surge in operating expenses, a business survey showed on Monday.
• The S&P Global Spain Services PMI Business Act...
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South Africa's private sector contracted in September at its fastest pace since December as new orders fell sharply and supply bottlenecks and fuel-driven cost pressures intensified, a business survey showed on Monday.
• The S&...
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Japan's service sector expanded at a weaker pace in September as business activity and new orders grew more slowly and earthquake disruption dampened demand, a business survey showed on Monday.
• The S&P Global final Japan Serv...
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A look at the day ahead in European and global markets from Rae Wee
The dollar charged higher on Monday, drawing support from still-lofty Treasury yields even after a weaker-than-expected jobs report dampened expectations of a ...
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INDIAN CORPORATE
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Jio Platforms Ltd is entering a more profitable phase as heavy spending on building its network peaks and the IPO-bound company focuses on generating more revenue from the infrastructure and customer base it has built.
...
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State-owned CIL on Thursday said the supply of dry fuel to the power sector users has increased by 11.01 per cent to 148.20 million tonnes (MT) in the second quarter of the current financial year from 133.50 MT in the year-ago per...
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Renaissance Solar and Electronic Materials (RSOLEC), an Indo-US joint venture, plans to invest Rs 5,000 crore to set up a 5 GW solar ingot and wafer manufacturing facility in Tumakuru, Karnataka industries minister MB Patil said.
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Honda Motor aims to cut costs by as much as a fifth and halve development times under its new partnership in India with Tata Technologies , according to two people familiar with the matter, as pressure from rivals forces the Japan...
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Larsen & Toubro’s power transmission & distribution wing has secured multiple domestic and international EPC contracts valued at Rs 10,000-15,000 crore. Under the scope of work, L&T aims to strengthen its PT&D vertical and enable ...
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Vedanta’s recently demerged businesses reported their Q2 FY27 business updated. One important trend that stood was aluminium, zinc, steel and power operations posted strong production and sales growth, while oil and gas output dec...
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GST
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The GST Council is likely to consider a proposal to allow businesses to file for GST registration in multiple states through a single application process and also list out a unified set of documents that tax officers may ask for.
In a move aimed at bringing about ease of doing business, the council, at its...
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The GST Council meeting on October 7 could include tax relaxations for the tourism and hospitality industry. According to sources, there is a proposal to allow input tax credit (ITC) for services bought and sold in the same line of business. So booking a hotel room via an aggregator, tour operator or directly...
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The GST Council is expected to consider a proposal on October 7 to bring electric vehicle (EV)-based passenger transport and vehicle rental services under the same tax framework that currently applies to conventional internal combustion engine (ICE) vehicles, effectively making the treatment technology-neutra...
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The GST Council may take up a proposal to allow small sellers on e-commerce platforms to use the platform’s warehouse as their place of business in states where they have no premises of their own, allowing them to reach customers nationwide on the strength of a single verified address.
At present, a seller...
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The GST Council will consider a proposal to remove arrest powers under the Goods and Services Tax regime at its October 7 meeting, as the government seeks to address concerns over tax authorities’ overreach and improve investor sentiment, Indian Express reported, citing two people aware of the development.
...
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The GST Council is likely to consider a package of changes aimed at making it easier for exporters to claim refunds, unlock working capital and align the indirect tax rules with the way Indian companies operate in global markets, as it meets on October 7.
The proposed measures could provide some relief to ...
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SEBI
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Sebi chairman Tuhin Kanta Pandey said on Saturday that the market regulator is examining position limits for non-agricultural contracts to improve liquidity and depth without weakening risk controls.
Speaking about reforms in t...
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Insolvency
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Bank liquidation needs to be handled by insolvency professionals (IPs) under the supervision of the Reserve Bank of India (RBI) and the Deposit Insurance and Credit Guarantee Corporation (DICGC), according to an Insolvency and Ban...
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