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RBI
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12
May
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RBI/2026-27/62
(Delhi)
Reserve Bank of India (Regional Rural Banks – Responsible Business Conduct)
Amendment Directions, 2026
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12
May
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RBI/2026-27/60
(Delhi)
Reserve Bank of India (Regional Rural Banks – Resolution of Stressed Assets)
Amendment Directions, 2026
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12
May
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RBI/2026-27/61
(Delhi)
Reserve Bank of India (Regional Rural Banks – Income Recognition, Asset
Classification and Provisioning) Amendment Directions, 2026
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INDIAN ECONOMY
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Govt Wednesday said it is going ahead with planned capital expenditure, developmental spend and subsidy payments, and no budget cuts were planned. Days after PM Narendra Modi's calls for reducing non-essential spends such as overseas weddings, fuel consumption and fertiliser use, officials argued there was n...
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India has reportedly approached the United States to extend its waiver on Russian oil imports as the Strait of Hormuz continues to see disruptions for 75 days now, straining oil supplies across the world.
The US had first cleared the arrangement in March and expanded it later with the current authorisation s...
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Tamil Nadu, Uttar Pradesh, Mizoram and Delhi have been categorised as 'exemplars' while 11 states and UTs including Gujarat and Kerala are 'high performers' in the logistics performance ranking, as per the Logistics Ease Across Different States (LEADS) 2025 report released Wednesday.
The report presents a ...
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India’s wholesale inflation unexpectedly accelerated to 8.3% in April, its fastest pace in three-and-a-half years, as surging energy costs triggered by the Middle East conflict pushed up fuel and manufacturing prices across the economy, government data showed on Thursday.
The surge comes even as the govern...
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Morgan Stanley has raised India's FY27 growth forecast to 6.7% from 6.2%, citing strong domestic demand despite global uncertainties. While the ongoing Iran conflict and elevated oil prices could pressure growth, the firm believes urban demand, government spending on infrastructure and defence, and services e...
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The recent slowdown in foreign direct investment in India is "not a major source of alarm" as global capital is increasingly drawn toward the electronics and AI investment cycle across Asia, said Taimur Baig, managing director and chief economist at DBS Bank.
Edited excerpts from an interview with Deepshik...
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ndia and UAE are expected to sign two MoUs on Friday to boost LPG supplies here and energy security during PM Narendra Modi’s brief visit to the Gulf state on Friday.
During the PM's visit to UAE, one of the key areas of focus will be energy security. Two important MoUs in the areas of LPG and Strategic Pe...
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India’s wholesale inflation unexpectedly accelerated to 8.3% in April, its fastest pace in three-and-a-half years, as surging energy costs triggered by the Middle East conflict pushed up fuel and manufacturing prices across the economy, government data showed on Thursday.
The surge comes even as the gove...
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Oil PSU, Hindustan Petroleum has posted a whopping double-digit rise in its consolidated net profit driven largely by higher crude throughput at its Visakhapatnam and Mumbai refineries, along with improved refining margins. The company’s board has also recommended a final dividend for FY26. ...
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With PM Modi’s austerity call earlier this week, the country is worried about the potential fallout of the prolonged crisis across West Asia. According to Morgan Stanley’s mid-year outlook for India, the real GDP growth is estimated to be at 6.7% for FY27 and 7% for FY28.
The Morgan Stanley report stated ...
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As fears grow over rising oil prices and tensions around the Strait of Hormuz, Russian Foreign Minister Sergey Lavrov has tried to reassure India that Moscow will continue protecting New Delhi’s energy interests no matter how intense Western pressure becomes.
In a recent conversation with RT India, largel...
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Banking
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Asia Pacific banks may have to raise their loan ?loss ?provisions further in the near-term as the Iran conflict darkens economic ?prospects in the region heavily reliant on Middle Eastern oil, analysts said.
Banks in countries including Australia, Singapore, and India flagged possible credit hits of hundre...
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Non-bank entities facilitating outward remittances will no longer require prior approval from the Reserve Bank of India (RBI) to enter into tie-ups with authorised dealer banks, the regulator said in a revised sectoral framework published Wednesday.
The framework shifts regulatory focus away from ex-ante a...
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With benchmark yields rising by as much as 45 basis points in the March quarter, banks’ bond portfolios were hit by mark-to-market losses. The yield on the 10-year benchmark bond hit 7% last quarter, as crude oil prices surged, triggering fears of inflation. Curbs imposed by Reserve Bank of India (RBI) on net...
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GLOBAL ECONOMY
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US wholesale inflation accelerated sharply in April, with producer prices recording their biggest annual increase since December 2022 as the 10-week Iran war pushed up energy costs and added pressure on companies to raise prices f...
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Venezuela on Wednesday launched a restructuring of ?its ?sovereign debt and that of state ?oil firm PDVSA, lifting bond prices, as it seeks relief from what it ?called unsustainable obligations.
In a statement, the government ...
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Britain's economy grew ?unexpectedly ?in March to cap another strong first ?quarter, suggesting it was in better shape as the Iran war escalated than many feared, ?though economists said seasonal distortions were flattering the fi...
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Thailand's economic growth likely slowed in ?the ?first quarter of 2026 and was ?barely positive on a quarterly basis, according to a Reuters poll of economists, as weak ?local demand and a tourism slowdown linked to the Iran war ...
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A high-stakes meeting between US President Donald Trump and Chinese President Xi Jinping is being closely watched across global markets, with investors, policymakers and businesses hoping for signs of stability after years of esca...
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INDIAN CORPORATE
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Honda racked up a 423.9 billion yen ($2.7 billion) loss Thursday, the first-ever full year loss for the Japanese automaker, acknowledging heavy costs for its electric-vehicle plans, stemming from President Donald Trump’s pro-US po...
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In a single stroke, the deal takes Sun Pharma from being India’s largest drugmaker to a top-tier global pharmaceutical company doubling its annual revenue to $12 billion, increasing its presence to 150 countries, and giving it a 2...
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Airtel Chairman and Managing Director Sunil Bharti Mittal revealed his succession plans on Thursday, saying the he will hand over the reins to next generation in the next ten years.
I wish to hand over the reins to next generat...
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Bank of Baroda, one of India’s biggest lenders, aims to double its balance sheet over the next five years by capitalizing on the country’s strong economic growth, expanding fee-based businesses and deepening its presence overseas....
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Larsen & Toubro (L&T) has secured significant orders worth Rs 1,000- Rs 2,500 crore in the Middle East for setting up extra-high voltage substations.
L&T said in its regulatory filing on Tuesday that its Power Transmission & Di...
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Oil PSU, Hindustan Petroleum has posted a whopping double-digit rise in its consolidated net profit driven largely by higher crude throughput at its Visakhapatnam and Mumbai refineries, along with improved refining margins. The c...
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Maharatna PSU, Power Finance Corporation has posted a 3% rise in its March quarter consolidated net profit at Rs 8,597 crore against Rs 8,357 crore posted in the year-ago quarter. The NBFC has also announced a final dividend for F...
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Tata Motors Limited (formerly TML Commercial Vehicles Limited) Wednesday reported a 69.6% year-on-year rise in standalone net profit to Rs 2,406 crore for the March quarter of FY26, driven by strong growth in its commercial vehicl...
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Bharti Airtel approved a preferential share issuance to promoter-group entity Indian Continent Investment (ICIL) as part of a share-swap transaction aimed at increasing its stake in Airtel Africa. Under the deal, Bharti Airtel wil...
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COMMERCIAL LAW
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The recent slowdown in foreign direct investment in India is "not a major source of alarm" as global capital is increasingly drawn toward the electronics and AI investment cycle across Asia, said Taimur Baig, managing director and...
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