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| IMC has enhanced its digital systems to incorporate new online features. To explore these updated processes, please visit our website: https://www.imcnet.org
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23
Apr
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PHDCCI - IMC: Business Delegation from Trinidad and Tobago (Country in the Caribbean)
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RBI
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14
Apr
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RBI/2026-27/10
(Delhi)
Master Direction - Reserve Bank of India (Non-resident Investment in Debt
Instruments) Directions, 2025 amendment
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14
Apr
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RBI/2026-27/09
(Delhi)
Formation of new districts in the State of Andhra Pradesh – Assignment of Lead Bank Responsibility
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14
Apr
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RBI/2026-27/08
(Delhi)
Guidelines to facilitate faster cross-border inward payments
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INDIAN ECONOMY
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A high-level inter-ministerial body, AI Governance and Economic Group, headed by Union IT Minister Ashwini Vaishnaw, has been constituted to steer the country's national AI governance strategy, an official statement said on Thursday.
AI Governance and Economic Group (AIGEG) will coordinate policy across mi...
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India and New Zealand will sign a free trade agreement (FTA) on April 27 here, an official said on Thursday.
The free trade pact aims to provide tariff-free access to the island nation's market for domestic exporters' goods and will bring in USD 20 billion in investment over the next 15 years....
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There has been no impact on client repayments because of the Middle East conflict, a top official from the EXIM Bank of India has said.
Indian companies' presence in the Middle East is concentrated in the construction or infrastructure sector, and their business may have suffered in the last month due to t...
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India's crude oil imports fell 21% in the first fortnight of April compared with February, reflecting the supply disruptions caused by the Iran war. The month saw Russia account for about 40% of supplies and Iran emerging as India's fourth-largest crude supplier, overtaking the US....
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The Indian negotiators would be travelling to US from April 20-22 to work towards finalising the legal agreement based on the joint statement of February 7 while preserving the comparative tariff advantage in the American market
“As a follow-up of the joint statement, an agreement has to be finalised. If ...
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The US-Israel war with Iran and the resultant blockade of the Strait of Hormuz, a key waterway, caused India’s merchandise exports to fall 7.4% year-on-year to $38.92 billion in March; shipments to the West Asian region dropped by 58%. With imports also declining by 6.5% to $59.59 billion in the month, India’...
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Private equity investors in India are increasingly favouring buyouts as they seek greater control and operational influence, driving a sharp rise in both deal value and volume. According to a recent EY report, average annual buyout investments rose 52% to $14.2 billion during 2021–2025, compared with $9.3 bil...
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Corporate India is grappling with a sharp spike in commodity costs triggered by the war in West Asia that has forced firms to reassess pricing strategies, defer capital expenditure plans, and brace for earnings and margin pressures in the coming quarters.
Crude oil, the most immediate casualty of the confl...
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GLOBAL CORPORATE
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Schroders shareholders on Thursday approved a 9.9 billion pound ($13.4 billion) sale of the British asset manager to U.S. rival Nuveen, confirming the end of independence for one of London's historic fund houses.
Investors in the 222-year-old firm backed the deal with 99.9% of votes cast at a general meeti...
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April 16 - OpenAI on Thursday introduced an artificial intelligence model touting increased biology knowledge and scientific research capabilities, as the startup deepens its push into the life sciences field.
The GPT-Rosalind, named after 20th-century British scientist Rosalind Franklin, is designed to su...
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U.S. utility NiSource said on Thursday it had signed a long-term energy supply agreement with a unit of Alphabet to support a large data center in northern Indiana.
The company also said it had expanded an agreement with Amazon to speed up power delivery to its sites and bring forward bill credits for hous...
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The Japanese government will provide subsidies of up to 60 billion yen ($380 million) to Sony for an image sensor plant in the western Japanese prefecture of Kumamoto, industry minister Ryosei Akazawa said on Friday.
Image sensors will be "indispensable for autonomous driving and physical AI" and "we hope ...
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Banking
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Bank credit rose 16% while deposits increased 13.4% year-on-year as of the fiscal year ended March 31, 2026, data released by the Reserve Bank of India showed. Total deposits stood at Rs 267.8 lakh crore, while bank credit, or advances, was at Rs 219 lakh crore. Investments grew 4.7% to Rs 71.4 lakh crore.
...
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GLOBAL ECONOMY
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China's economy accelerated in the first quarter of this year, expanding 5% from a year earlier as it largely shrugged off impacts from the Iran war so far, according to data released Thursday.
The January-March data released b...
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The World Bank Group said on Thursday it is working on a guarantee of up to $2 billion to help refinance “a relevant portion of Argentina’s debt.”
The operation is subject to approval by the World Bank’s Board of Executive Dire...
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Bundesbank President Joachim Nagel said on Thursday that the oil price shock due to the Iran war will take a toll on the German economy but is unlikely to trigger a recession.
"A great deal would have to happen for us to enter...
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Bank of Japan Governor Kazuo Ueda steered clear of signalling a rate hike was on the cards this month, instead highlighting the country's low real interest rates and robust corporate profits, heightening the chance it will hold fi...
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US factory production unexpectedly fell in March after two straight months of solid gains, weighed down by decreases in the output of motor vehicles and a range of other goods.
Manufacturing output dipped 0.1% last month after ...
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INDIAN CORPORATE
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A leading Indian defence and space engineering company on Thursday said it has partnered with a US-based firm that will enable it to bring proven air-to-air refuelling technologies and support services for the Indian armed forces....
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Oilmax Energy, which is undergoing a merger with its subsidiary Asian Energy, has set a revenue target of Rs 3,000 crore by 2028-29, as it expands across oil, gas and coal businesses while also exploring emerging segments like coa...
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HDFC AMC declared its earnings results for FY26 today, recording a 16.19% increase in its net profit from Rs 2,461 crore in FY25 to Rs 2,859 crore in FY26. The revenue from operations also rose by 17.7% from Rs 3,498 crore in FY25...
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Wipro on Thursday reported a sequential rise in net profit for the January-March quarter, exceeding Bloomberg estimates, while revenue marginally missed expectations and guidance pointed to continued demand caution.
Consolidate...
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Hero Future Energies, part of Hero group, has a portfolio of nearly 7.2 GW of renewable energy assets spanning solar, wind, and hybrid, along with 2.3 GWh of battery energy storage systems in four countries and is looking to expa...
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Zerodha’s zero-brokerage approach has saved its investors over Rs 27,000 crore year-to-date since 2016, Founder Nithin Kamath said. The Bengaluru-based discount broker is one of the very few players that charge zero brokerage on d...
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The board of IT major Wipro on Thursday approved the proposed share buyback of up to Rs 15,000 crore through the tender offer route. This is the firm’s largest buyback exercise, and its first since 2023, when it bought back nearly...
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GST
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Please click on the link below to access the detailed advisory for taxpayers wherein the system-calculated interest for the February 2026 period which has been wrongly calculated and auto-populated in the March 2026 GSTR-3B. The advisory elaborates the process that needs to be followed by taxpayer for correct...
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GST system has introduced a new tool called IMS Offline Utility (v1.0) which will help taxpayers to work on IMS (Invoice Management System) data without staying online all the time. This utility is Excel-based, so users can download their IMS data, make changes or take action in Excel, and then upload it back...
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SEBI
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The Securities and Exchange Board of India (Sebi) has made changes to not-for-profit organisations’ (NPOs) registration requirements on the social stock exchange (SSE) and the minimum subscription norms for zero-coupon zero-princi...
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Insolvency
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The Insolvency and Bankruptcy Board of India (IBBI) has floated a discussion paper on the regulations pertaining to creditor-initiated insolvency resolution process (CIIRP)--debtor-in-possession model--which proposes the resolutio...
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The Insolvency and Bankruptcy Board of India (IBBI) has come out with a discussion paper on creditor-initiated insolvency resolution process (CIIRP), a new out-of-court mechanism introduced in the recently-passed IBC Amendment Act...
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