March 12, 2026

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INDIAN ECONOMY

India's employment outlook hits record high for Apr-Jun quarter: Report

Indian employers reported a strengthening of hiring intentions for the April-June quarter of this year, supported by surging business confidence and resilient domestic demand, a survey said on Tuesday. According to ManpowerGroup's latest Employment Outlook Survey, the Net Employment Outlook (NEO) for Q1 20...

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India may face $7–8 billion higher monthly import bill as crude surges

India could face an additional foreign currency outflow of USD 7-8 billion per month due to the surge in international energy prices, following the conflict in West Asia, raising concerns over inflation and the current account deficit, analysts said. While crude oil prices have risen from USD 66 per barrel...

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Fiscal deficit as percentage of GDP revised upwards for FY'23 to FY'25 after GDP base revision

The fiscal deficit as a percentage of GDP for three financial years till 2024-25 has been revised upwards following the revision in base year for calculation of GDP, the government informed Parliament on Tuesday. As per the new GDP Series published on February 27, the fiscal deficit as a percentage of GDP ...

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India Inc’s hiring appetite to grow in Q2

India’s job market is showing optimism heading into the second quarter of 2026, with employers signalling the strongest hiring intentions in nearly two decades. According to the latest ManpowerGroup Employment Outlook Survey (MEOS), conducted between January 1 and February 3 across more than 3,000 Indian o...

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Explainer: What a falling rupee signals about the economy

Though the rupee recovered on Tuesday from its record low against the US dollar a day before, it continues to be under pressure. MV Srinivasan looks at the reasons behind the decline, the performance of the rupee vis-a-vis its peers and to what extent exporters stand to benefit from a weaker rupee Why is ...

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Govt readies Rs 1 lakh crore war chest to counter Middle East fallout

The Centre on Tuesday sought Parliament’s nod to create a Rs 1 lakh crore Economic Stabilisation Fund (ESF) as part of the second supplementary demand for grants for gross additional spending of Rs 2.81 lakh crore in FY26. For the ESF, the Centre initially provided Rs 50,000 crore outlay in the revised estima...

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MARKET & FINANCE

I-T Department Asks Brokers To Remit Excess STT

The income-tax (I-T) department has asked stockbrokers to remit excess securities transaction tax (STT) collected from clients for 2023-2024 (FY24) and earlier years, along with interest, if the amount has not yet been deposited with the government, according to a circular issued by the National Stock Exchang...

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Gold ETF inflows tumble 78% MoM to Rs 5,254 crore in February

Inflows into gold ETFs declined sharply by 78% on a monthly basis, falling to Rs 5,254 crore in February from Rs 24,039 crore in January, according to data released by the Association of Mutual Funds in India (AMFI). On a year-on-year basis, gold ETF inflows jumped 165%, up from Rs 1,979 crore in February 202...

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Equity fund inflows jump over 8% M-o-M to Rs 25,978 crore in February; mid and small caps see strong demand

Equity mutual funds saw stronger investor interest in February, with net inflows rising over 8% month-on-month to Rs 25,978 crore, snapping two months of decline, according to data from the Association of Mutual Funds in India (AMFI). In the previous month (January 2026), equity funds garnered Rs 24,029 crore...

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Portfolio Flows to Emerging Markets Slow to $22 Billion in February, Says IIF

Foreign investors sharply slowed their purchases of emerging market assets in February to below $22 billion even as flows remained positive across both debt and equities, data from a global banking trade group showed on Tuesday. Non-resident investors added a net $21.7 billion to emerging market portfolios...

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GLOBAL CORPORATE

US Container Imports Fell 6.5% in February, Still Fourth-Highest on Record, Descartes Says

U.S. container import volumes fell 6.5% in February from last year to levels typical for the post-winter holiday shopping season, supply chain technology provider Descartes Systems Group said on Tuesday. U.S. seaports last month handled 2,093,422 20-foot equivalent units (TEUs), the standard measure for c...

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AT&T Outlines $250 Billion US Investment Plan to Boost Infrastructure in AI Age

AT&T will spend more than $250 billion over five years in the U.S. to expand its network infrastructure and will hire thousands of technicians this year, it said on Tuesday, as telcos ramp up investments to support surging data demand. Rapid adoption of artificial intelligence, cloud computing and connecte...

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Boeing Increases Jet Deliveries in February Despite Ongoing 787 Seat Headaches

Boeing said on Monday it delivered 51 jets in February, an increase from 46 in January and the U.S. planemaker's highest total for February since 2018, despite ongoing challenges with premium class seats for 787s. Its deliveries far outpaced its European rival Airbus. Deliveries are closely tracked by inv...

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Yearly US Crude Oil Exports Decreased in 2025 for First Time Since 2021, EIA Says

U.S. crude oil exports decreased 3% in 2025 from 2024, the first annual decrease since 2021, the U.S. Energy Information Administration said on Tuesday. The U.S. exported 4.0 million barrels per day of crude oil, 85 times as much as in 2011, but slightly less than in 2023 and 2024, according to the EIA. ...

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Iran has Trump by the Hormuz, and it’s squeezing. TACO again?

US President Donald Trump began the war with Iran under Operation Epic Fury with maximalist rhetoric, demanding Tehran’s “unconditional surrender” and promising crushing military force. Barely 10 days later, however, Trump is striking a noticeably different tone. He now says the war is “very complete, pretty ...

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INCOME TAX

Income Tax Rules 2026: Govt renumbers key forms, Tax Audit now Form 26, PAN, TDS, ITR forms changed

The Income Tax Department has introduced a major overhaul in form numbering under the Income Tax Rules 2026, replacing several commonly used forms that were earlier prescribed under the Income Tax Act 1961 and IT Rules 1962. The changes affect tax audit reports, PAN applications, TDS returns, charitable trust...

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RBI

RBI ends ambiguity, allowing NBFCs, ARCs to scale business growth

The Reserve Bank of India (RBI) on Tuesday effectively opened the door to higher business activity for Non-Banking Financial Companies (NBFCs) and Asset Reconstruction Companies (ARCs) by allowing them to calculate quarterly profits toward their capital base/net worth. The amendment directions aim to remov...

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Banking

Prolonged Iran war may upend banks asset quality, credit growth: Moody’s

Retaining the stable outlook for domestic banks, international rating agency Moody’s has warned that a prolonged conflict in West Asia could upend their stability, even though it expects the crisis to blow over soon. Over the past few years, most banks have cleaned up their books, leading to best-ever ass...

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Banks rake in Rs 19,000 crore from minimum balance charges

Private sector and state-run banks raked in around 19,000 crore from account holders for not maintaining minimum balance in three financial years — 2022-23 to 2024-25, as per a Times of India report. While private sector banks mopped up around Rs 11,000 crore, public sector players collected Rs 8,093 crore...

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High-level panel may examine bank consolidation, foreign voting caps as India seeks larger lenders: ICRA

A government-appointed high-level committee on banking for Viksit Bharat could look at issues such as consolidation among lenders and foreign investor voting caps, according to Karthik Srinivasan, senior vice president and group head - financial sector ratings at ICRA. "The basic premise is that the govern...

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GLOBAL ECONOMY

French Growth on Track but Middle East Conflict Clouds Outlook, Central Bank Says

France's economy was heading for firm first-quarter growth before last week's outbreak of the Israel-U.S. conflict with Iran clouded the outlook, the Bank of France said on Tuesday. The central bank kept its estimate that euro ...

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Japan's Wholesale Inflation Cools, but Oil Shock From Iran War Threatens Rebound

Japan's wholesale inflation cooled for a third month in February as government fuel subsidies blunted rising commodity costs, but analysts warn the respite may be brief, with the oil spike from the Middle East conflict poised to r...

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UK Consumer Spending Slows in February as Inflation Fears Dim Sentiment, Survey Shows

British consumer spending grew slowly in February as households grew more pessimistic about the outlook for the economy with the Middle East conflict raising concerns about a fresh rise in inflation, surveys showed on Tuesday. ...

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German Exports Record Sharpest Decline Since May 2024

German exports recorded their sharpest decline in more than a year and a half in January due to falling demand from China and Europe, federal statistics office data showed on Tuesday. Exports shrank by 2.3% in January compared ...

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South Africa's Economy Grows 1.1% in 2025, Below Government Estimates

South Africa's economy grew 1.1% in 2025, slower than the country's central bank and National Treasury had forecast, statistics agency data showed on Tuesday. (Reporting by Kopano Gumbi and Lulah Mapiye;Writing by Sfundo Parako...

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Argentina Monthly Inflation Forecast to Have Eased in February: Reuters Poll

Argentina's monthly inflation rate probably eased in February thanks to a seasonal moderation in some food and services prices, a Reuters poll found. But the yearly trend likely persisted at relatively high levels, dampening Pr...

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UK Inflation Could End 2026 at Around 3% if Energy Prices Hold, OBR's Miles Says

Britain's inflation rate could end the year at around 3% rather than the roughly 2% rate assumed by the country's fiscal forecasters if energy prices stay at current levels, an official at the Office for Budget Responsibility said...

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Iran War Tests Egypt’s Unsteady Economy

The U.S.-Israeli assault on Iran is piling pressure on Egypt’s precarious finances by hiking energy costs, hindering exports and pushing foreign investors to sell off treasuries, interviews with analysts and a review of official d...

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War with Iran delivers another shock to global economy

The war with Iran is doing collateral damage to the world economy. The conflict is driving up energy and fertiliser prices; threatening food shortages in poor countries; destabilising fragile states such as Pakistan; and complicat...

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INDIAN CORPORATE

Trump announces $300B Texas refinery deal with Reliance: ‘Thank you our partners in India’

US President Donald Trump on Tuesday announced the opening of an oil refinery in Brownsville, Texas, thanking Indian energy giant Reliance Industries for investing in the project. Trump shared the news on his social media platform...

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Reliance says will maximise LPG production at refinery, divert D6 gas to priority sector

Billionaire Mukesh Ambani's Reliance Industries on Tuesday said its giant Jamnagar oil refining complex will maximise cooking gas LPG production, while gas from Bay of Bengal KG-D6 fields will be diverted to the priority sector wi...

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COMMERCIAL LAW

Beyond the Great Wall: India opens door to Chinese investment; Cabinet eases FDI norms for land border nations

The government has eased norms for foreign direct investment from all countries that share land borders with India, including China, a PTI report said. As per the report, the decision was taken at a Union Cabinet meeting chaire...

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