May 11, 2026

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RBI

6
May

RBI/2026-27/54 (Delhi)
Reserve Bank of India (Local Area Banks – Responsible Business Conduct) Amendment Directions, 2026

6
May

RBI/2026-27/55 (Delhi)
Reserve Bank of India (Local Area Banks – Credit Risk Management) Second Amendment Directions, 2026

6
May

RBI/2026-27/56 (Delhi)
Reserve Bank of India (Urban Cooperative Banks – Resolution of Stressed Assets) Second Amendment Directions, 2026

6
May

RBI/2026-27/57 (Delhi)
Reserve Bank of India (Urban Cooperative Banks – Income Recognition, Asset Classification and Provisioning) Amendment Directions, 2026

6
May

RBI/2026-27/58 (Delhi)
Reserve Bank of India (Urban Cooperative Banks – Responsible Business Conduct) Amendment Directions, 2026

6
May

RBI/2026-27/59 (Delhi)
Reserve Bank of India (Urban Cooperative Banks – Credit Risk Management) Second Amendment Directions, 2026

6
May

RBI/2026-27/52 (Delhi)
Reserve Bank of India (Local Area Banks – Resolution of Stressed Assets) Amendment Directions, 2026

6
May

RBI/2026-27/53 (Delhi)
Reserve Bank of India (Local Area Banks – Income Recognition, Asset Classification and Provisioning) Amendment Directions, 2026

6
May

RBI/2026-27/46 (Delhi)
Reserve Bank of India (Commercial Banks – Responsible Business Conduct) Amendment Directions, 2026

6
May

RBI/2026-27/47 (Delhi)
Reserve Bank of India (Commercial Banks – Credit Risk Management) Third Amendment Directions, 2026

6
May

RBI/2026-27/48 (Delhi)
Reserve Bank of India (Small Finance Banks – Resolution of Stressed Assets) Amendment Directions, 2026

6
May

RBI/2026-27/50 (Delhi)
Reserve Bank of India (Small Finance Banks – Responsible Business Conduct) Amendment Directions, 2026

6
May

RBI/2026-27/51 (Delhi)
Reserve Bank of India (Small Finance Banks – Credit Risk Management) Second Amendment Directions, 2026

6
May

RBI/2026-27/49 (Delhi)
Reserve Bank of India (Small Finance Banks – Income Recognition, Asset Classification and Provisioning) Amendment Directions, 2026

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INDIAN ECONOMY

Iran war, fading tax boost may slow India’s growth to 6.7% in FY27: BMI

India’s economic growth is likely to slow sharply in the current fiscal year as the lingering effects of last year’s tax cuts begin to fade and soaring crude oil prices linked to the Iran conflict squeeze consumption, investment and inflation, BMI said on Monday. The Fitch Group firm projected India’s GDP ...

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After winning poll battles, Modi has picked up a new fight

After election victories in West Bengal and Assam, Prime Minister Narendra Modi has moved from electoral politics to economic mobilisation. When the Middle East conflict is driving crude oil up and keeping it above $100, his new fight is to save the rupee, and thus lighten inflation and fiscal pressures. Indi...

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India's mining sector can create 25 million jobs by 2047: Report

India's mining sector has the potential to contribute an additional USD 500 billion to the economy and create up to 25 million incremental jobs by 2047, but achieving this will require a major shift towards "Mining 5.0" driven by artificial intelligence, integrated digital systems and sustainable operations, ...

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India, Peru likely to hold talks on free trade pact in June, diplomat says

India and Peru will probably hold the next round of talks on a proposed free trade pact next month, a senior Peruvian diplomat told Reuters, adding that a deal could be signed by the end of the year. "In principle, in June we are going to resume the negotiations," Javier Paulinich, Peru's ambassador to Ind...

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India's real GDP to hit 7.2% in Q4FY26 amid resilient domestic demand: Report

India's real GDP growth is expected to reach nearly 7.2 per cent in the final quarter of the 2025-26 fiscal year, highlighting the sustained momentum of the domestic economy despite a challenging global environment. According to a report by SBI, the full-year growth for FY26 is likely to settle at 7.5 per ...

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FPOs’ sales rise via commodity exchanges in FY26

Since their on-boarding the commodity bourses on an experimental basis in FY25, there has been a spurt in the sales of assorted farm goods by the farmers producer organisations’ (FPOs) on these platforms. This has helped these collectives to achieve price realisation for their members in FY26. On the NCDEX...

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Power demand surges towards 270 GW, but thermal project delays slow capacity build-up

India added only 9.47 GW of thermal power capacity in FY26 — just 73% of the targeted 12.86 GW — as delays in equipment supplies, land acquisition and project execution slowed commissioning even as the country braces for peak electricity demand of nearly 270 GW this summer. The slowdown comes at a time whe...

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Private capex jumps 67% to Rs 7.7 lakh crore, signals investment revival: CII

India’s private capital expenditure surged 67% year-on-year to Rs 7.7 lakh crore in September 2025, signalling a decisive revival in the investment cycle, industry body Confederation of Indian Industry (CII) said, urging companies to step up support measures to help the economy navigate the ongoing West Asia ...

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MARKET & FINANCE

Goldman Sachs picks 12 alpha stocks amid record $22 billion FII exodus

Goldman Sachs has flagged 12 Indian stocks as medium-term alpha ideas even as it warns that the record $22 billion FII exodus from equities this year is unlikely to reverse quickly. FIIs have sold $22 billion worth of Indian equities so far in 2026, already surpassing last year’s $19 billion outflow and ma...

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Goldman Sachs warns FII re-buying unlikely in ‘near term’ – Flags risks in banks, realty

Foreign portfolio investors trimmed holdings in Indian equities to a 14-year low, but Goldman Sachs said the heavy selling is nearing its end. In its latest India Strategy report dated May 9, 2026, Goldman Sachs noted that while foreign ownership had fallen below domestic institutions for the first time in ov...

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GLOBAL CORPORATE

Pakistan takes a risky gamble on gas, skips purchasing spot LNG, bets Hormuz tensions will ease

The Middle East crisis has set off a global energy strain, with countries rushing to lock in fuel supplies to shield themselves from a potential blowout. Pakistan, however, is taking a risky route, choosing to skip urgent LNG purchases and betting that disruptions in the Strait of Hormuz will ease sooner rath...

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China's rare earth exports reach $64 million in April, outbound shipments rise 12% month-on-month

China's rare earth exports were valued at $64.2 million in April 2026, according to preliminary trade data released by the General Administration of Customs of the People's Republic of China (GACC), ANI reported. The customs data showed that China exported 5,308.6 tonnes of rare earths during the month. Chi...

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Strait trouble: Global oil tanks running dry at unprecedented pace as Hormuz remains choked

Oil pipelines across the globe are running dry, depleting at an unprecedented rate as the ongoing Iran war severely disrupts crude flows from the Persian Gulf, rapidly eroding the buffer that usually protects markets from supply shocks. The sharp fall in inventories has triggered rising concern across governm...

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Aramco Q1 Profit Jumps 25% as Hormuz Risks Push Pipeline to Full Capacity

Saudi Aramco reported a 25% jump in first-quarter profit on Sunday, showing its resilience as U.S.-Iran war tensions curtail Strait of Hormuz shipping, with the state oil giant's East-West crude pipeline running at full capacity to mitigate the impact to supplies. The world's top oil exporter earned a net ...

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China's Domestic Car Demand Stays Weak but Exports Strengthen

China's domestic car sales fell for a seventh straight month in April amid intense competition in the world's biggest auto market but exports stayed strong as automakers increasingly targeted overseas markets. Sales at home dropped 21.6% from a year earlier to 1.4 million vehicles last month, data from the...

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US industry, lawmakers plead with Trump: Don't open door to Chinese cars at Xi summit

As President Donald Trump prepares to meet with Chinese President Xi Jinping this week, the U.S. auto industry and lawmakers on both sides of the aisle are hammering him with a simple message: Please don't offer China any access to the U.S. car market. Trump in January told the Detroit Economic Club that i...

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INCOME TAX

ITR filing: What are the nuances of new income tax return forms? Top things salaried taxpayers, including cross border employees should know

India's personal tax compliance framework is undergoing a decisive transformation, driven by digitisation, pre-filled data integration, and the introduction of simplified tax regimes by the Indian Income tax department. The Income tax return (ITR) forms for FY 2025-26 (AY 2026-27) underscore this evolution, ...

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Banking

Indian banks avoid fresh Gulf bets as Iran crisis drags on

Indian banks have stopped fresh exposure in the Gulf countries in the aftermath of the prolonged Iran crisis, bankers told ET, with the focus shifting instead to careful monitoring of existing relationships to prevent balance-sheet pain. State Bank of India (SBI) chairman CS Setty said that though there is...

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As India grows richer, banks will have to adjust to thinner margins: Indian Bank CEO

Indian Bank's MD & CEO, Binod Kumar, believes that interest rates have bottomed out and that retail deposit rates are likely to rise if credit demand stays strong. He tells Sangita Mehta the 3% net interest margins enjoyed by Indian banks are a luxury that may not last. Net interest margins (NIM) would be fur...

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Big banks urge RBI to rethink uniform forex exposure cap

Large banks have sent feelers to the regulator to rethink the blanket rule on their uncovered foreign currency exposure. As rupee came under attack, the Reserve Bank of India (RBI) had imposed a $100 million uniform limit on all banks' net open position (NOP), which is the difference between a bank's foreign ...

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SBI posts record Rs 80,000 crore profit; chairman says NIM has bottomed out, eyes 13–15% loan growth in FY27

State Bank of India reported its highest-ever annual net profit, crossing Rs 80,000 crore — but investors had questions. Markets zeroed in on two numbers that slipped: net interest income (NII) and net interest margin (NIM). SBI Chairman CS Setty addressed both head-on in an interview with ET Now, and his mes...

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GLOBAL ECONOMY

China April Exports Rebound Strongly After Sluggish March, Trade Surplus Widens

China's export growth gathered pace in April as factories raced to meet a wave of overseas orders from buyers seeking to stockpile components amid fears the Iran war could push global input costs even higher. Exports expanded 1...

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China's Factory Inflation Hits 45-Month High on Energy Price Shock

China's producer prices blew past expectations to rise to a 45-month high in April, while consumer inflation also accelerated as global energy costs remained elevated, piling more pressure on manufacturers already grappling with w...

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Australia Seeks Reform, Inflation Restraint in Budget Balancing Act

Australia is expected to deliver a smaller than initially forecast budget deficit this week as the government banks revenue windfalls from higher commodity prices, while aiming to deliver politically risky reforms without worsenin...

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BofA and Goldman Push Back Fed Rate-cut Expectations on Inflation Risks, Jobs Data

ofA Global Research and Goldman Sachs are the latest brokerages to revise their U.S. Federal Reserve rate calls to later dates, citing elevated inflation due to high energy prices and growing strength in the labor market. BofA ...

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Norway's April Core Inflation Rises in Line With Expectations

Norway's annual core inflation rose in line with expectations in April, Statistics Norway (SSB) data showed on Monday, supporting expectations interest rates could increase further this year. Core inflation, which strips out ch...

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INDIAN CORPORATE

Canara Bank Q4 results: PAT falls 10% to Rs 4,506 crore, PSU lender declares dividend

Canara Bank on May 11 reported a 12.7 percent rise in net profit as at the end of the fiscal year ending March 2026 to Rs 19,187 crore, as compared to Rs 17,027 crore as at the end of March 2025. For Q4 FY26, the PSU lender posted...

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'Google eyes investments in Al infra, drone mfg in India'

Google is exploring investments in India, spanning artificial intelligence infrastructure as well as server and drone manufacturing, Union IT minister Ashwini Vaishnaw said on Friday, signalling a possible expansion of the tech gi...

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Novartis seeks to deepen India innovation play

Swiss pharma major Novartis is sharpening its strategy in India as a pure-play innovator across core therapy segments, including cardiovascular, oncology and immunology, after divesting its stake in its listed arm earlier this yea...

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