INDIAN ECONOMY
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India and the US are "very near" to concluding their proposed bilateral trade agreement (BTA), as both sides are converging on most issues and working on the legal language of the pact, an official said Friday.
The two sides are finding common ground on pending matters, the official added, ruling out the e...
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India and Canada, once entangled in a bitter cycle of suspicion and recrimination, are now moving toward an unexpected thaw. Leaders like Narendra Modi and Mark Carney are charting a course toward rapprochement, driven by economic pragmatism, strategic foresight and a recognition that global disruptions deman...
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Refiners in India — in particular Reliance Industries (RIL) — are poised to sharply reduce imports of Russian oil after the Donald Trump administration announced sanctions on state-run oil giants Rosneft and Lukoil. The two companies account for about 60% of the volumes purchased by Indian refiners.
RIL, s...
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Finance Minister Nirmala Sitharaman said the Confederation of All India Traders (CAIT) has reported Rs 6.05 lakh crore worth of festival sales this year, as per a report by CNBC-TV18, flecting strong consumer sentiment following the implementation of new GST reforms.
Speaking at the inaugural ceremony of t...
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Often facing flak for the low participation of women in the labour force despite decent economic growth, the government has set a target to increase the female labour force participation rate (F-LFPR) to 35% by 2030. As of September this year, the rate, across the country, was 26.2% for women of all ages, mea...
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The share of gold in India’s total foreign exchange reserves more than doubled to 13.6% in September this year from early 2022 levels, as global gold prices touched record highs. Geopolitical uncertainty has driven gold prices due to its safe-haven status and the ability to remain a reliable store of value.
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Recalibration of discounted Russian oil imports by Indian companies should be more than offset by gains from lower US tariffs, Nomura said.
Nomura economists Sonal Varma and Aurodeep Nandi said the shift away from Russian oil following US sanctions could pave the way for a trade deal with Washington and a ...
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The International Monetary Fund (IMF) has predicted that India will continue to be one of the fastest-growing ’emerging market and developing economies’ in 2025-26, growing at a rate of 6.6%, according to the World Economic Outlook (WEO) report.
This upward revision is attributed to strong economic perform...
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MARKET & FINANCE
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The Securities and Exchange Board of India said mutual funds cannot participate in pre-IPO share placements.
In a letter addressed to the industry body Association of Mutual Funds in India (AMFI), reviewed by ET, the capital markets regulator directed these asset managers to invest only in the anchor inves...
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India’s forex reserves increased by $4.496 billion to $702.28 billion for the week ended October 17, as the value of gold reserves rose further, the RBI said on Friday.
In the previous reporting week, the overall reserves had jumped by $2.176 billion to $697.784 billion.
For the week ended October 17, f...
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US inflation comes in lower than expected, and the core CPI has also risen less than expected, setting the stage for a US Fed rate cut next week. The US Bureau of Labor Statistics released September 2025 CPI data, despite the government shutdown, ahead of the upcoming FOMC meeting, where the Fed is expected t...
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GLOBAL CORPORATE
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President Donald Trump will look to sign economic agreements and critical minerals deals with trading partners during his trip to Asia, according to senior US officials, as the administration moves to ramp up pressure on China ahead of a crucial meeting with Xi Jinping.
Trump will look for deals that will ...
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U.S. natural gas dealmaking has surged in 2025 and is set to accelerate, analysts say, driven by record power demand from AI data centers, rising LNG exports and renewed Asian investment.
The United States is poised to see a record surge in power demand this year, led by data centers' outsized energy needs...
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With trade hostilities between the world's two economic superpowers back on, China has sent the unmistakable message that it is ready to fight. A week ago, it invoked its grip over virtually the entire world's supply of critical materials, breaking a delicate trade detente between the two countries.
Beijin...
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Waiting times for commodity vessels queued off China’s ports increased to the lengthiest this year, as geopolitical sparring between Beijing and Washington disrupts global trade.
It took an average of 2.66 days for a vessel to get into a berth after arrival in the week to Oct. 19, according to Bloomberg ca...
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China will develop its high-tech sector on a massive scale in the next decade, top officials vowed Friday, a day after meetings on the country's future policy priorities concluded in Beijing.
The four days of closed-door discussions began on Monday and involved high-ranking officials outlining long-term st...
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US President Donald Trump said on Friday he would consider reducing tariffs on Brazil, under the right circumstances.
Trump was speaking on Air Force One heading to Malaysia for a regional summit....
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Toyota Motor may announce plans next week to import vehicles manufactured in the United States to Japan during U.S. President Trump's three-day visit to the country starting on Monday, public broadcaster NHK said on Saturday.
Toyota Chairman Akio Toyoda is expected to unveil the plan during a scheduled mee...
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Brazil holds a trump card in tariff negotiations with the United States: its subsoil is rich in rare earth minerals coveted by manufacturers in a sector dominated by China.
The South American giant holds the world's second-largest reserves of these elements used in everything from electric vehicles, solar ...
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Prime Minister Mark Carney said on Friday that Canada stands ready to resume trade talks with the United States that President Donald Trump halted over an anti-tariff advertisement issued by Ontario’s provincial government.
Trump terminated the talks on Thursday over the video which used Republican icon, f...
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Banking
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In a development that will encourage banks to participate more aggressively in funding acquisitions by India Inc, the Reserve Bank of India (RBI) on Friday issued the draft circular on acquisition financing that proposes to allow banks to banks to finance as much as 70% of the acquisition value, provided the ...
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The Reserve Bank of India (RBI) on Friday introduced targeted amendments to its scale-based regulation framework for non-banking financial companies (NBFCs), proposing a refined approach to risk weights for infrastructure exposure.
The 2025 amendments revise the risk weight structure with loans to high-qua...
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GLOBAL ECONOMY
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July 2019 |
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French business activity declined faster than expected in October, a survey showed on Friday, as demand for goods and services in the euro zone's second-biggest economy weakened further amid a volatile political climate.
The HC...
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Spain's unemployment rate rose to 10.45% in the third quarter of 2025 even as the number of people with jobs rose to a new record, data from the National Statistics Institute showed on Friday.
The rate bounced back from the low...
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Germany's private sector recorded its strongest growth in nearly two-and-a-half years in October, buoyed by a robust rise in services activity, a survey showed on Friday.
The HCOB preliminary German flash composite Purchasing M...
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Euro zone business activity unexpectedly grew at a faster pace in October as companies received new orders at the quickest rate in 2-1/2 years, suggesting the bloc's economy gained momentum at the start of the final quarter, a sur...
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A prolonged shutdown of the U.S. government amid a standoff over funding between Republicans and Democrats in Congress could dent economic growth in the fourth quarter, but much of the lost output would be recovered when normal op...
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Brazil's current account deficit reached $9.77 billion in September, wider than the $7.75 billion shortfall forecast by economists in a Reuters poll, central bank figures released on Friday showed.
Foreign direct investment (FD...
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The Federal Reserve will likely deliver quarter-point interest rate cuts at each of its next three meetings, traders bet on Friday after a U.S. government report showed consumer inflation rose a little less than expected last mont...
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U.S. business activity picked up in October, but a deterioration in the economic outlook blamed on the Trump administration's protectionist trade policy limited job gains and companies were sitting on piles of unsold goods amid a ...
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European rating agency Scope downgraded the United States' credit rating by a notch on Friday, citing sustained deterioration in public finances and a weakening of governance standards.
Scope cut the U.S. local and foreign curr...
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China is expected to adopt more supportive monetary and fiscal policies to bolster its slowing economy, Huang Yiping, an adviser to the central bank and a professor at Peking University, said on Saturday.
The remarks come days ...
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INDIAN CORPORATE
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Reliance Industries Ltd (RIL) on Friday announced that it will adjust its refinery operations to comply with Western sanctions imposed on Russian crude oil. The company said it is assessing the impact of restrictions announced by ...
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Mukesh Ambani‘s Reliance Industries is rushing to get its orders of battery components out of China ahead of new export curbs, a Reuters report said. As per the report, a team from Reliance Industries has travelled to China to spe...
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Pharmaceutical major Dr Reddy’s Laboratories reported a 6.36 per cent YoY profit growth in the second quarter of FY2025-26. The pharma company posted a consolidated net profit of Rs 1,426 crore in Q2 FY26. In the same quarter of t...
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Kotak Mahindra Bank reported a standalone net profit of Rs 3,253.33 crore for the second quarter (Q2FY26), down 2.7% compared to Rs 3,343.72 crore a year ago. In the previous quarter (Q1FY26), the bank reported a net profit of Rs ...
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GST
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Union Finance Minister Nirmala Sitharaman on Friday announced that a new GST registration system will be rolled out from November 1, 2025. The move is aimed at simplifying the registration process, particularly for small businesses and public sector entities.
Under the new system, applicants identified as ...
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With GSTR- 9/9C now open for taxpayers to file and the deadline creeping up on December 31, 2025, it’s a good idea for both professionals and taxpayers to quickly check out the changes in the GSTR-9/9C annual return forms for FY 2024-25.
Bhogavalli Mallikarjuna Gupta, Associate Director - GST, RSM India, s...
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Finance Minister Nirmala Sitharaman said on Friday the ultimate goal of the tax department is to make life easier for honest taxpayers, but hinted that dishonest taxpayers would face the music. “Don’t give comfort to the dishonest taxpayer in any way. … economic growth and prosperity will surely follow,” she ...
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