September 29, 2026

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INDIAN ECONOMY

India-Jordan trade: Sitharaman seeks deeper ties, $5 billion target by 2030

Finance Minister Nirmala Sitharaman on Monday met Jordan's Minister of Planning and International Cooperation Zeina Zeid Toukan on the sidelines of the AIIB 2026 Annual Meeting in Doha, with the two sides discussing ways to deepen bilateral cooperation, particularly in food security, fertilisers, trade and in...

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Exports, rising power demand to support manufacturing growth despite rural weakness: ICICI Bank

India's manufacturing growth is likely to remain supported by exports and a strengthening investment cycle in the coming months, even as a below-normal monsoon could weigh on rural demand, according to a report by ICICI Bank Research. The report said exports should remain a bright spot for manufacturing, whi...

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FM Nirmala Sitharaman pushes investment, economic ties with Saudi Arabia, Switzerland, Jordan at AIIB meet

Finance Minister Nirmala Sitharaman held a series of bilateral meetings on the sidelines of the AIIB (Asian Infrastructure Investment Bank) 2026 Annual Meeting in Doha, seeking to deepen India's investment and economic ties with Saudi Arabia, Switzerland and Jordan. The FM also discussed post-flood reconstruc...

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Manufacturing boost pushes IIP growth to 8%

India’s industrial output (IIP) grew a faster-than-expected 8% in August as manufacturing and electricity posted strong gains, outweighing a sharp contraction in mining, data released by the Ministry of Statistics and Programme Implementation on Monday showed. July’s IIP growth was revised upwards to 7.4% ...

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UAE signals fresh $25 bn investment in India

The UAE has signalled its intent to invest an additional $25 billion in India in the near future as the two countries seek to deepen investment ties and expand the use of local currencies in bilateral trade, Commerce and Industry Minister Piyush Goyal said on Monday. The UAE has already invested about $25 ...

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India’s energy resilience shielded consumers from global supply shocks: Puri

India’s push over several years to diversify energy supplies, expand refining capacity and strengthen infrastructure and storage helped shield domestic consumers from shortages despite major disruptions to global energy flows, Union Petroleum and Natural Gas Minister Hardeep Singh Puri said on Monday. Spea...

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After kharif, drought risks loom over winter crops

The uneven and deficient monsoon rainfall is likely to dampen foodgrain production in the upcoming rabi, or winter, season — after kharif cultivation was affected in vast swathes of the country, particularly in Maharashtra and Karnataka. The central government is sending teams to Maharashtra and Karnataka ...

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MARKET & FINANCE

Battered Bond Market Braces for a New Era of Interest Rates

The world's biggest sovereign bond markets are heading for their worst month in years as soaring energy costs fan inflation and the AI boom lifts economic growth, leaving investors positioning for an era where interest rates stay higher for longer. Two-year US Treasury yields have surged almost 60 basis po...

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RBI completes 1 trillion rupee net debt sale for first time in a decade

India's central bank has net sold bonds worth 1 trillion rupees this financial year, its biggest annual net bond sale in more than a decade, treasury officials said, with market participants expecting the total to double by December. The Reserve Bank of India is withdrawing liquidity from a banking system fl...

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IEX moves to enter coal market, seeks licence for physical trading exchange

Indian Energy Exchange (IEX) is set to enter the coal trading market for the first time, with its wholly-owned subsidiary Indian Coal Exchange applying to the Coal Controller Organisation (CCO) for a licence to operate a physical delivery-based coal exchange. The proposed platform will bring coal buyers an...

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US 10-year yield climbs past 5.2%. Why are bond markets bracing for a brutal month?

The yield on the US 10-year Treasury note rose above 5.2% on Tuesday, approaching its highest level since 2002. Investors expect more Federal Reserve tightening to tackle energy-driven inflation, which is being fuelled by the ongoing US-Iran tensions. The world’s sovereign bond markets are expected to have...

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GLOBAL CORPORATE

US Says GM Tech Costs Will Decline by $20.4 Billion Through 2031 Because of Lower Emissions Rules

General Motors will see its technology costs decline by $20.4 billion through 2031 as a result of drastically power vehicle fuel economy rules finalized Monday, the US Transportation Department said. In total, the Trump administration estimates automakers technology costs will decline by $60.6 billion thro...

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Toyota August Sales, Production Fall for Second Straight Month

oyota Motor said on Tuesday its global vehicle sales and production fell for a second straight month in August, as declines in China, the US and the Middle East persisted after dragging down results in the prior month. • The world's biggest automaker saw global sales fall 6.4% from a year earlier to 790,74...

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US eases fuel economy rules: What it means for gasoline cars and EVs

The Trump administration has finalized new fuel economy standards for US vehicles, giving automakers more flexibility to sell gasoline-powered cars and trucks and reducing the regulatory pressure to improve fuel efficiency. The US Department of Transportation announced the final rule on Monday, setting a f...

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INCOME TAX

NPS withdrawal after 60: Can you take the entire corpus? Know the tax implications

If you are going to retire at 60 years of age, you may face a big financial question: what happens to the corpus you have built over decades by investing in the National Pension System (NPS). This is because, at exit, NPS subscribers have to follow a different set of exit and withdrawal rules from the NPS...

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Income Tax return deadline extended to November 21 for audited taxpayers

The Income Tax Department on Monday extended the deadlines for corporate income tax returns and tax audit reports by 21 days for assessment year 2026-27. Corporates will now have until November 21 to file their income tax returns, against the earlier October 31 deadline. The deadline for submitting tax aud...

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Man doesn’t own office but earns Rs 95 lakh by renting it to Reliance; ITAT decides tax

A person may earn money by giving a property on rent. But what happens if he does not own the property in the first place? What if he takes a commercial space on lease, sub-lets it to another company and also provides services such as maintenance and cleaning? Should such income be treated as rental income or...

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GLOBAL ECONOMY

ECB Eyes New Currency Safety Nets to Boost Euro's Global Role

The European Central Bank plans to expand currency safety nets to make it easier for foreign central banks to borrow euros, ECB President Christine Lagarde said on Monday, in a bid to strengthen the single currency's global standi...

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Exclusive-Colombia Has Held Discussions With IMF, Including on Securing Financing: Sources

The Colombian government has held a series of technical advance discussions with officials from the International Monetary Fund (IMF) over the past several weeks, particularly about securing financing, in an effort to reach a pote...

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New Zealand Forecasts Smaller Budget Deficit as Tax Revenue Grows

New Zealand's government on Tuesday forecast a smaller budget deficit and a lower debt than projected in its May Budget, while striking an upbeat tone on economic growth ahead of a general election in November....

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South Korean Exports Seen Rising for 16th Month on Solid AI Chip Demand: Reuters Poll

South Korean exports likely rose for a 16th consecutive month in September on solid chip demand tied to AI investments, a Reuters poll showed on Tuesday, though growth was seen moderating due to fewer working days compared with a ...

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Australia Household Spending Is Flat in August After Strong Run

Australian household spending was flat in August as consumers cut back on everything from food to clothing and culture, data showed on Tuesday, while they forked out more for fuel. The Australian Bureau of Statistics' monthly h...

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UK Long-Run Inflation Expectations Near 15-Month High in September, Citi/YouGov Survey Shows

Long-term public inflation expectations in Britain came close to their highest level in more than a year in September, adding to pressure on the Bank of England as it considers whether to raise interest rates, a survey from U.S. b...

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Analysis-Euro's Dollar Resilience Faces Energy Price, Political Risk Tests

The fortunes of the euro, trading not far off its lowest levels of the year against the dollar, are in the grip of a global energy shock and growing political risk in Europe....

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Australia's Central Bank Raises Cash Rate to 15-Year Peak

Australia's central bank raised its cash rate to a 15-year high of 4.60% on Tuesday in its fourth hike of the year, saying inflation was too high and it was prepared to hike further if needed....

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China Factories Seen Rebounding in September as Beijing Signals More Aid: Reuters Poll

China's factory activity likely swung back to growth in September after two months of contraction, a Reuters poll showed on Tuesday, though a cabinet meeting on Monday underscored the need for further policy support to shore up th...

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INDIAN CORPORATE

Adani Power merges 10 subsidiaries into company after NCLT approvals

Adani Power said that the merger of ten of its wholly owned subsidiaries with the company has come into effect. The move follows approvals from two benches of the National Company Law Tribunal. It said all conditions required t...

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Vodafone Idea adds 5 lakh users in August, but active subscriber share lags Jio, Airtel

The latest monthly telecom subscriber details are out. Vodafone Idea added wireless mobile subscribers for the seventh consecutive month in August, according to data released by the Telecom Regulatory Authority of India (TRAI). H...

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NCCF eyes 24% jump in turnover to Rs 17,000 cr in FY27

With the government likely to increase procurement of agricultural commodities under the Price Support Scheme (PSS), the National Cooperative Consumers’ Federation (NCCF) is targeting more than 24% growth in turnover to Rs 17,200 ...

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‘Largest plant in America’: Indian energy giant bets $18 bn to build steel mill in Iowa

US President Donald Trump on Monday (US time) unveiled historic plans for a $15 billion steel mill to be built in Iowa. During the announcement at a White House event, it was confirmed that Indian multinational conglomerate Essar ...

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Tata Trusts proposes new strategy to keep Tata Sons privately held

Tata Trusts, which hold a 66% stake in Tata Sons Private Limited (TSPL), have proposed a strategic reorganisation of the Tata Group holding company that would result in the entity ceasing to qualify as either a non-banking financi...

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