INDIAN ECONOMY
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The upcoming Union Budget is expected to
prioritise economic stability and fiscal prudence following a year of higher-than-expected growth and lower inflation.
Dharmakirti Joshi, chief economist at Crisil, stated that the budget is being prepared under a favourable growth and inflation scenario, though glob...
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India will seek to triple the nation's exports by 2035 by boosting manufacturing through structural changes rather than with hefty spending, according to two government officials. Details of the new structure could be announced in the Union Budget on February 1.
In Prime Minister Narendra Modi's third such...
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Collections under the National Small Savings Fund (NSSF) touched Rs 2.17 lakh crore as of January 10, accounting for about two-thirds of the budget estimate (BE) for the fiscal, people familiar with the matter said.
Given that a large part of such deposits typically flows in the March quarter, driven by th...
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India's combined tax-to-GDP ratio, accounting for both central and state collections, currently stands at 19.6 per cent, positioning the country at par with several major global economies. While the central gross tax revenue remains lower at 11.7 per cent, the integrated figure exceeds those of other emerging...
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States' consolidated fiscal deficit has widened to 3.3 per cent of GDP in FY25 after remaining at 3 per cent for the three previous fiscals, the Reserve Bank said on Friday.
The central bank said it analysed the budgets presented by all the states for the fiscal year, and attributed the widening of the key...
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The India-EU free trade agreement is likely to be announced next week as top leaders visit New Delhi for a joint summit. The update came even as the European Union suspended various export benefits to various sections under a preferential scheme. The Commerce Ministry had insisted that the decision would not ...
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The government on Thursday said that the latest notification by the European Union (EU) regarding Generalised System of Preferences (GSP) concession will not alter the duties for Indian products entering the 27-member bloc.
Extension of Exclusions
The notification just extends the validity order of 2023...
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India is recasting its clean energy transition as a core industrial and manufacturing strategy, with non-fossil sources now accounting for 52 per cent of installed power capacity and total non-fossil capacity reaching 267 GW, Union Minister for New and Renewable Energy Pralhad Joshi said at the World Economic...
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India’s crude oil import pattern in January 2026 indicates a clear shift towards lower-risk and execution-certain supply, with higher intake from the Middle East offsetting a more selective and compliance-driven approach to Russian crude, according to data and analysis by Kpler.
The trend does not point to...
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MARKET & FINANCE
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Global equity funds recorded their largest outflows on record in the week to Wednesday, as heavy withdrawals from the U.S. and China outweighed a relatively strong showing in other regions, BofA Global Research said.
World stock funds saw $43.2 billion in outflows combined in the week through to Wednesday,...
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India’s foreign exchange reserves surged to $701.36 billion in the week ended January 16, 2026, according to data released by the Reserve Bank of India (RBI). This marks a jump of $14.17 billion over the previous week.
In the previous recorded data for week ending January 9, the reserves stood at $687.19 b...
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GLOBAL CORPORATE
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U.S. companies signed foreign government procurement contracts worth $244 billion in 2025 with assistance from the U.S. Commerce Department, nearly triple the total in 2024 as Boeing logged a massive increase in jetliner orders, the agency's International Trade Administration said on Friday.
ITA said that ...
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Brazil's instant coffee industry is seeking details on why it continues to face a 50% U.S. tariff, even after import charges were lifted on most of the South American country's other coffee exports, business associations told Reuters.
U.S. President Donald Trump in 2025 imposed tariffs on a swath of Brazi...
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The United States, since its 2003 invasion of Iraq, has held effective control over the country's oil revenue dollars, giving Washington extraordinary leverage over Baghdad's affairs, with implications for regional dynamics involving Iran.
How does the U.S. control Iraq's oil revenues?
...
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Airbus, a global aerospace corporation is close to finalising a deal to sell about 100 A220 aircraft to AirAsia, which would mark the budget carrier’s entry into the regional narrowbody segment, Reuters reported citing industry sources.
If confirmed, the agreement could include options for around 50 additi...
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Banking
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The Reserve Bank of India (RBI) on Friday announced another set of liquidity measures that will infuse Rs 1.25 lakh crore into the financial system.
The measures include a 90-day variable rate repo (VRR) operation amounting Rs 25,000 crore on January 30 and a three-year $/Rs buy/sell swap auction of $ 10 b...
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PRE-BUDGET
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Union Budget 2026 comes at a critical juncture for India's tax administration. With the Income-tax Act, 2025 (the "New Act") set to kick in soon, this Budget might be the last real chance to recalibrate the Faceless Assessment Scheme before it gets locked into the new legal setup.
The faceless assessment r...
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GLOBAL ECONOMY
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French business activity unexpectedly contracted in January, after two months of meagre growth, according to a survey published Friday, as a sharp drop in demand for services outweighed rising output in the manufacturing sector.
...
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Euro zone business activity growth held steady this month as a weaker expansion in the dominant services industry offset milder factory contraction, according to a survey, while price pressures picked up.
The common currency bl...
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British firms have reported the fastest upturn since before Prime Minister Keir Starmer's government took office but also a rise in inflation pressures, according to a survey that prompted investors to cut bets on Bank of England ...
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Germany's net borrowing in 2025 came in well below the level set out in its budget plan, helped by lower-than-expected spending and higher-than-expected revenues, the finance ministry said on Friday.
This was the nation's first...
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A trade agreement being discussed between the United States and Indonesia could lead to a massive expansion in bilateral trade between the two countries, the head of Indonesia's chamber of commerce told Reuters.
The agreement, ...
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Foreign direct investment in China totalled 747.7 billion yuan ($107.38 billion) in 2025, down 9.5% year-on-year, data from the commerce ministry showed on Friday.
Despite the overall fall, investment from Switzerland, the Unit...
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Brazil's central bank will likely start cutting interest rates for the first time in nearly two years in March to boost a weak economy, according to economists polled by Reuters.
Lower interest rates, combined with some stimulu...
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The Bank of Canada will keep its overnight interest rate on hold through 2026, according to an even stronger majority of economists polled by Reuters than one month ago on expectations the economy will grow steadily with inflation...
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U.S. consumer sentiment improved across the board in January, though concerns about high prices and the labor market lingered, a survey showed on Friday.
The University of Michigan's Surveys of Consumers said its Consumer Senti...
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INDIAN CORPORATE
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India's largest homegrown coffee chain Barista Coffee plans to expand its network to 800-900 outlets by 2030, with a strong focus on tier II & III towns, its Chief Executive Officer Rajat Agrawal said.
The company, which recent...
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Sajjan Jindal-led JSW Steel reported a 198% year-on-year jump in net profit for the fiscal third quarter, driven by one-time tax gains, lower mining premium and royalties, and reduced power and fuel costs.
Net profit attributab...
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IndusInd Bank on Friday reported a 90% year-on-year decline in its December quarter net profit to Rs 127.98 crore. Analysts had expected the bank to book a profit of Rs 272 crore, according to Bloomberg.
Total income stood at R...
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State-owned Bharat Petroleum Corporation (BPCL) reported a 62 per cent year-on-year rise in standalone net profit to Rs 7,545.27 crore for the October–December quarter of FY26, supported by stronger refining margins amid softer in...
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COMMERCIAL LAW
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The FDI inflows to India in 2025 surged by 73 per cent to USD 47 billion, mainly due to large investments in services and manufacturing, supported by policies aimed at integrating the country into global supply chains, the UN said...
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