April 23, 2026

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RBI

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RBI/2026-27/14 (Delhi)
Risk Management and Inter-Bank Dealings

18
Apr

RBI/2026-2027/11 (Delhi)
Reserve Bank of India (Non-Banking Financial Companies – Branch Authorisation) Amendment Directions, 2026

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RBI/2026-27/12 (Delhi)
Implementation of Section 51A of UAPA, 1967: Updates to UNSC’s 1988 (2011) Taliban Sanctions List: Amendment of 04 Entries

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Apr

RBI/2026-27/13 (Delhi)
Implementation of Section 51A of UAPA, 1967: Updates to UNSC’s 1988 (2011) Taliban Sanctions List: Amendment of 3 Entries

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INDIAN ECONOMY

India can grow above 7 pc even if crude oil costs USD 90-100/barrel: Assocham

The Indian economy, largely driven by consumption, has the potential to grow over 7 per cent annually even if crude oil costs USD 90-100 per barrel, industry body Assocham said on Wednesday. India's resilience to high energy costs has increased significantly over the years, as the country has absorbed seve...

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Iran war, oil shock fail to dent India’s private sector growth as April PMI rises

India’s private sector activity accelerated in April despite disruptions from the Middle East conflict pressuring costs and raising oil prices, with manufacturing and services rebounding after a brief cooling, a flash survey showed on Thursday. HSBC’s flash India Composite Purchasing Managers’ Index (PMI),...

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India to purchase fertilizer at nearly double pre-war price

India, the world’s top importer of urea, has agreed to buy the nitrogen-based fertilizer at sharply higher prices than in a previous tender as the Middle East conflict disrupts supplies and pushes global benchmarks higher. Indian Potash Ltd., which imports the crop nutrient for the government, will secure ...

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India's digital currency push targets its leaky welfare system

In the western Indian village of Phulenagar, Samadhan Sonawane set up a drip irrigation system on his small onion farm using digital currency issued directly from the central bank. The funds come from a pilot programme that is part of India's efforts to boost its e-rupee, a central bank digital currency (C...

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HSBC downgrades India to 'underweight' as oil clouds outlook

HSBC downgraded Indian equities to "underweight" from "neutral" - its second cut in less than a month - as it expects surging energy prices triggered by the Middle East war to threaten the durability of the country's earnings recovery. Brent crude is up 42% since the war started in late February and is cur...

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SBI Research projects fiscal deficit at 4.6% of GDP amid subsidy hikes and excise losses

State Bank of India’s (SBI) Ecowrap report has highlighted mounting challenges to the Centre’s fiscal math for the FY27, estimating the gross fiscal deficit at 4.6% of gross domestic product (GDP), higher than the budget estimate of 4.3%, due to additional spending on subsidies, excise duty cuts, and economic...

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MARKET & FINANCE

India bonds sink as oil tops $100/bbl on US-Iran standoff

Indian government bonds fell on Thursday as traders priced in the economic risks of oil surging past $100 a barrel, with Middle East tensions keeping a key energy shipping route blocked. On Wednesday, Iran seized two ships in the Strait of Hormuz, which transits about 20% of global oil and liquefied natura...

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No nomination in mutual fund or demat account? Here's how legal heirs can claim investments

When investors consider building wealth, they focus on returns, asset allocation, and market timing. What often gets ignored is a far simpler but far more important decision: adding a nominee. It may seem like a small checkbox in an application form. But skipping it can leave your family dealing with tedio...

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NSC interest rate 2026: Has National Savings Certificate interest rate changed for April-June quarter?

While many banks are offering less than 7% interest on their 5-year fixed deposits (FDs), the National Savings Certificate (NSC) scheme is offering as high an interest rate as 7.7%. NSC is a government-backed small savings scheme specifically designed for small-scale investors seeking a fixed income option....

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GLOBAL CORPORATE

Moody's Profit Rises on Strong Analytics Growth, Lifts Annual Forecast

Ratings agency Moody's reported a rise in first-quarter profit on Wednesday, driven by strong demand for its research and analytics products, and raised its 2026 earnings forecast. Strong bond issuance helped support Moody's ratings business, but investors remain cautious as borrowing activity faces pressu...

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Gaming Industry Could Unlock $22 Billion in Profits on AI-Driven Cost Cuts, Says Morgan Stanley

Advanced artificial intelligence tools could help cut down video game developing costs by nearly half, potentially unlocking about $22 billion in annual profits for game makers worldwide, Morgan Stanley analysts said. The adoption of AI tools to automate tasks such as creating gaming environments, generati...

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Microsoft Bets Big on AI in Australia With $18 Billion Investment

Microsoft said on Thursday that it will invest A$25 billion ($17.9 billion) in Australia by the end of 2029 to boost computing and artificial intelligence capacity, betting on growing demand for the technology in the country. The U.S. tech giant's latest investment reflects rising demand for AI technologie...

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Nestle Rides Out Iran War Impact, Seeks Turnaround in China

Nestle beat first-quarter sales forecasts and stuck to its annual outlook on Thursday, riding out the impact of the Iran war though it warned about the risk of higher energy and freight costs and a needed turnaround in a tough China market. The world's biggest packaged food company, which makes Maggi seaso...

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AI Boom Lifts Nokia Sales, Shares Hit 16-Year High After Earnings Beat

Nokia raised the growth targets for its artificial intelligence business on Thursday, after the network gear maker beat market expectations for quarterly comparable operating profit, sending its shares to their highest level in 16 years.. Comparable operating profit jumped 54% to 281 million euros ($329 mi...

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Hyundai Motor Posts Q1 Profit Drop, Warns Growing Business Headwind

South Korea's Hyundai Motor on Thursday warned of growing business uncertainty due to the Middle East conflict after reporting a 31% drop in first-quarter operating profit. Its cautious outlook comes after the automaker said earlier this month that its exports to Europe and North Africa, which typically tr...

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RBI

Net sales growth of FDI companies moderated to 8.7% in FY25: RBI data

Net sales growth of the select FDI companies moderated to 8.7 per cent in 2024-25 from 9.4 per cent in the previous year, according to the RBI data on finances of foreign direct investment firms. The central bank on Wednesday released the data relating to the financial performance of non-government non-fin...

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GLOBAL ECONOMY

Economic Turbulence and Rate Hikes Could Jeopardise France's Deficit Efforts, Fiscal Watchdog Warns

Uncertain economic conditions and possible changes in interest rates could throw France's effort to trim its deficit to 3% of output by 2029 into doubt, France's fiscal watchdog said on Wednesday. The conflict in the Middle Eas...

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Turkey Central Bank Holds Rates at 37% as It Eyes Iran War Fallout

Turkey's central bank held its key interest rate at 37% as expected on Wednesday, deciding not to hike but warning that fallout from the Iran war could yet change the inflation outlook. It was the second straight policy meeting...

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UK Consumers Turn Gloomiest About Economy Since Records Began in 1978

British consumers are gloomier about the economy than at any time since records began in 1978, according to a survey published on Wednesday that showed the Iran war and soaring oil prices are taking a heavy toll on British househo...

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Germany Halves 2026 Growth Forecast, Raises Inflation Outlook Amid Iran War

Germany's economy ministry cut its growth forecasts for 2026 and 2027 and raised its inflation projections on Wednesday, as the Iran war drives up oil and gas prices. The government now expects 0.5% growth for 2026, down from a...

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South Korea's Q1 GDP Growth Roars Past Market on Booming AI-Driven Chip Demand

South Korea's economy delivered its fastest growth in nearly six years last quarter, smashing forecasts as booming chip exports rode a global surge in AI investment, though rising risks from the Middle East war threaten to cut int...

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Japan's Factory Activity Expands at Strongest Pace in 4 Years, PMI Shows

Japan's manufacturing activity expanded at its strongest pace in four years in April as firms boosted production over concerns about potential supply shortages due to rising tensions in the Middle East, a private-sector survey sho...

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New Zealand Says Oil Shock Delays Economy's Recovery but Does Not Derail It

New Zealand's economic recovery has been delayed but not derailed, Finance Minister Nicola Willis said on Thursday after the Iran conflict lifted fuel costs and dented business and consumer sentiment. Willis said Treasury's bes...

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INDIAN CORPORATE

India emerges as Tesla's weakest new market globally

India has emerged as the worst-performing new market globally for Tesla Inc, highlighting the challenges the Elon Musk-led electric vehicle maker faces despite a rapidly expanding luxury EV segment in the country. On April 22, th...

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Singapore Airlines deepens role at Air India amid record losses

Singapore Airlines Ltd. is deepening its operational involvement in Air India Ltd., as the carrier battles record losses and recent safety lapses draw increasing concern, according to people familiar with the matter. SIA has mo...

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Maruti Suzuki hits all-time high production of 23.4 lakh units in FY26

Maruti Suzuki India Ltd on Thursday said it recorded its highest-ever annual production at 23.4 lakh units in FY26, becoming the only passenger vehicle maker in India to achieve the milestone, as per SIAM data. The company al...

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Tech Mahindra Q4 result: Profit up 20% sequentially, revenue growth aided by favourable currency exchange

Tech Mahindra reported a 20.5% sequential growth in net profit to Rs 1,353.8 crore and a 4.7% growth in revenue to Rs 15,076.1 crore for the March quarter, driven by a ramp-up in revenue and favourable currency exchange. The co...

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Mukesh Ambani’s Jio Financial and German insurance major Allianz form 50:50 joint venture

Mukesh Ambani’s Jio Financial Services and German financial major Allianz Group have entered into a binding agreement to form a 50:50 joint venture for the insurance business. The joint venture will primarily focus on general insu...

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Tech Mahindra Q4: Profit up 20% but headcount declines 1.33% at 147, 623 on reduction in IT and BPS workforce

Tech Mahindra posted 20.66% sequential rise in net profit for the fourth quarter of the fiscal at Rs 1,353.8 crore (Q3: Rs 1,122 crore), buoyed by healthy revenue growth and the absence of one-off expenses on account of new labour...

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Insolvency

IBBI proposes 11 key changes: Govt set to allow mid-CIRP sale of guarantor assets

The government may allow creditors to sell or transfer assets of a guarantor even while insolvency proceedings are underway. The Insolvency and Bankruptcy Board of India (IBBI) has proposed a framework under which a creditor that ...

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