INDIAN ECONOMY
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India is pushing the US for predictable and continued energy supplies at more affordable prices, with government sources indicating that New Delhi expects the US waiver on sanctions linked to Russian oil purchases to continue beyond the initial 60-day period....
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Festive demand and sustained public capital expenditure are expected to support India's industrial activity in the second half of FY27, although unfavourable base effects, weak monsoon conditions and higher input costs could weigh on production, according to a report by Union Bank of India.
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India and Mexico on Wednesday signed the Terms of Reference (ToR) for negotiations on a Preferential Trade Agreement (PTA), formally launching talks to lower trade barriers on selected goods and expand market access as both countries seek to deepen economic ties and diversify supply chains....
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India is paying more for its oil just as a poor monsoon threatens to make food costlier. Either problem would complicate economic policy. Together, they put pressure on household budgets, farm incomes and the Reserve Bank of India’s effort to contain inflation without slowing growth too sharply....
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Growth in India’s industrial output, as measured by the Index of Industrial Production (IIP), slowed to a four-month low of 6.7% in August, pulled down by the mining sector’s worst performance in three years, data released by the Min...
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As open-ended fertiliser subsidies have proven to be the single largest threat to India’s fiscal balance amid external headwinds, Prime Minister Narendra Modi has decided to tackle the issue head-on while ensuring that farmers aren’t deprived of the subsidised fertilisers in required quantities....
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MARKET & FINANCE
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Amid a challenging global macroeconomic landscape, a surge in US Treasury yields and the global gravitation towards artificial intelligence, foreign investors would wait for crude oil prices to cool down and corporate earnings growth to gather pace before going overweight on Indian markets, said the heads of ...
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Indian government bonds rose on Thursday, drawing support from a rally in Treasuries and softer oil prices, though a large debt sale and rupee weakness capped gains.
The benchmark 6.94% 2036 bond yield was down 3 basis points at 7.4091% by noon. Bond yields move inversely to prices....
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Fed Meeting Today: The US Federal Reserve held its benchmark interest rate steady at 3.75% to 4%, as persistent inflation continues to complicate the outlook for monetary policy. The central bank said inflation remains elevated and upgraded its assessment of the economy, indicating that further rate hikes cou...
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Foreign currency inflows mobilised under the Reserve Bank of India’s special dollar-rupee swap facility reached $72.85 billion as of August 21, the central bank’s data showed. According to RBI, Foreign Currency Non-Resident (Bank) (FCNR-B) deposits accounted for nearly 90% of the money raised under the scheme...
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GLOBAL CORPORATE
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Microsoft reported a 32 per cent year-on-year rise in net income to $36.6 billion in the July-September quarter, days after announcing a voluntary buyout offer for around 60,000 employees, more than a quarter of its global workforce....
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Oracle expects free cash flow to turn positive in the second half of fiscal 2028 and exceed $30 billion in fiscal 2029 as capital spending declines, CFO Hilary Maxson said, offering some relief to investors concerned about its hefty AI outlays.
Shares of the company, down by around a third so far this year...
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Samsung Electronics said on Thursday its operating profit rose nearly ninefold to a record high in the third quarter, driven by robust demand for AI chips, even as investors remained wary about the durability of AI spending.
The world's top memory chipmaker reported operating profit of 107.4 trillion won (...
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Volkswagen tumbled further into the red in the third quarter, posting its worst result in over a decade, as the world's second-largest carmaker battles seismic challenges across key markets and embarks on a major restructuring.
Europe's top automaker reported an operating loss of €5.9 billion ($6.59 billio...
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Danish brewer Carlsberg held its full-year profit guidance on Thursday after third-quarter sales matched expectations, though China remained a weak spot.
• "The group delivered robust revenue growth in Q3, reflecting good momentum in many markets and the resilience of our multi-beverage portfolio, which ...
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Shell on Thursday announced above-expectation net profit of $10.81 billion in the third quarter, its highest since 2022, and boosted its share buybacks on the back of stronger refining margins and higher liquefied natural gas prices.
The average estimate in a company-provided poll of analysts was $10.33 b...
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Britain's Lloyds Banking Group reported profit before tax for the July-September period of £2.3 billion ($3.1 billion), up from £1 billion a year ago when it took £875 million in remediation charges, and in line with analysts' forecasts....
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Amazon has announced another round of job cuts, laying off up to 250 employees in its devices and services unit, after eliminating about 1,000 jobs in its core retail division earlier this month. The latest cuts come weeks after the company rolled out new products, including Kindle e-readers and tablet comput...
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Banking
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The rising yield on global borrowings has begun to undermine the effectiveness of the Reserve Bank of India‘s dollar-rupee forex swap facility for overseas foreign currency borrowings (OFCB) for banks.
Two state-owned banks, Bank of India and Punjab National Bank, have kept the plans for using the OFCB win...
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GLOBAL ECONOMY
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Italy will raise taxes on banks, insurers, energy firms and the gaming industry to help finance its 2027 budget, ministers said after cabinet approved the last financial bill under Prime Minister Giorgia Meloni before an election ...
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New Zealand business confidence edged higher in October, with firms remaining relatively optimistic as all forward-looking activity indicators turned positive despite the volatilities in oil prices, an ANZ Bank survey showed on Th...
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The Hong Kong Monetary Authority left its base interest rate unchanged on Thursday at 4.25%, following the US Federal Reserve's decision to hold rates steady.
Hong Kong's monetary policy moves in lock-step with the United State...
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US economic growth likely accelerated in the third quarter as resilient consumer spending and AI-driven business investment more than offset the impact of higher oil prices stemming from the conflict in the Middle East.
The ant...
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The Federal Reserve kept interest rates steady on Wednesday as expected, but it was not able to comfort bond investors concerned about what a deliberate pace of policy tightening will mean for the outlook for longer-term governmen...
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Federal Reserve Chairman Kevin Warsh on Wednesday left the central bank on track to raise interest rates again this year, even as he stuck to his refusal to offer any explicit guidance on the future path of policy.
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INDIAN CORPORATE
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State-owned coal producer CIL on Tuesday said its capital expenditure rose 27 per cent to Rs 7,966 crore during the first half of the current financial year from Rs 6,283 crore a year ago....
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Vedanta is exploring investments of Rs 70,000-80,000 crore in West Bengal to set up power generation facilities and an aluminium smelter, chairman Anil Agarwal said on Wednesday, adding that the proposed projects could be operatio...
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Billionaire Gautam Adani, India’s richest person, is exploring a potential acquisition of Dutch energy storage group VTTI as supply disruptions make the facilities more valuable for energy trading, people familiar with the matter ...
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Anil-Agarwal led Vedanta’s consolidated net profit surged more than two-fold year-on-year to Rs 6,202 crore in Q2 FY27 against Rs 2,471 crore reported in the same quarter last year. On a sequential basis, its profit expanded 17% a...
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JSW Energy reported a net profit of Rs 1,056.37 crore in Q2FY27, increasing 49.91% year-on-year (YoY) from Rs 704.68 crore reported in Q2FY26. T
JSW Energy’s consolidated revenue from operations stood at Rs 6,368.47 crore, up 2...
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TVS Motor Company reported a 52% year-on-year increase in net profit to Rs 1,377 crore in the second quarter of FY27, supported by record revenue and sales volumes. Revenue from operations rose 44% year-on-year to an all-time high...
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Hyundai Motor India’s consolidated net profit fell 23.9% year-on-year (YoY) to Rs 1,196 crore in the July-September, missing Bloomberg’s estimate of Rs 1,238 crore, as higher commodity costs eroded profitability despite strong gro...
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Hero MotoCorp’s standalone net profit rose 4.6% year-on-year to Rs 1,456 crore in the September quarter of FY27 from Rs 1,393 crore a year earlier, falling short of the Bloomberg estimate of Rs 1,490 crore, as rising input costs w...
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GST
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Due to a scheduled infrastructure upgrade, certain e-Invoice-related services on the GST portal (https://einvoice.gst.gov.in) would remain temporarily unavailable during the following period:
Start: 31 October 2026, 9:00 AM (IST)
End: 1 November 2026, 1:00 PM (IST)
Affected services:
1. e-Invoice ...
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