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14
Oct
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Webinar on GAAR unplugged Live Controversies
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INDIAN ECONOMY
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India and the US may have reached a “plateau” in their trade negotiations where further concessions from either side could be increasingly difficult, Finance Minister Nirmala Sitharaman said on Monday.
Sitharaman’s signal of an impasse in the negotiations came days after US Trade Representative Jamieson Gr...
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Japanese companies are pulling back from China at a pace not seen in years. The shift is being driven by more than weak Chinese demand. Geopolitical tensions, tougher operating conditions, rising costs and increasingly formidable Chinese competitors are changing the calculation for Japan Inc.
The US is try...
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The Goods and Services Tax (GST) Council is likely to consider a slew of changes to the tax treatment of services exports at its October 7 meeting, aimed at aligning rules with how Indian companies actually serve overseas customers and easing the recovery of taxes embedded in export costs, sources said.
Th...
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MARKET & FINANCE
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Zimbabwe is in talks with NPCI International Payments Ltd to use India’s Unified Payments Interface technology for a new real-time payments system, with negotiations potentially concluding by October 31, according to the country's central bank governor.
...
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India’s top microfinance entities and small finance banks have reported strong growth in microfinance loans during the second quarter, as lenders stepped up disbursements amid a decline in delinquencies, improving asset quality and lower credit costs in the sector.
CreditAccess Grameen, the country’s large...
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Securities and Exchange Board of India (SEBI) may partly reverse its Closing Auction Session rules, as sources cited by Reuters said that the market regulator may stop CAS usage for at least a year. The report added that CAS sessions may be stopped for calculating derivatives settlement prices.
FinancialE...
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GLOBAL CORPORATE
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OpenAI is in talks with multiple investment funds from the United Arab Emirates, including Abu Dhabi-based MGX, to help anchor a $30 billion round of financing for the ChatGPT maker, according to people familiar with the matter.
The funds would form a syndicate to invest in the round, one of the people sai...
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Europe's uptake of electric vehicles is gaining momentum, with record sales so far this year driven by a slew of affordable models coming onto the market to bring carmakers in line with EU targets, according to a study.
• EV sales across the EU reached record volumes in 2026, with 1.64 million sold in the ...
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China's Huawei Technologies said on Monday it had agreed a broad multi-year patent licence deal with Qualcomm covering artificial intelligence, 5G, computing and networking technologies.
Here are some details:
• The agreement includes Qualcomm's purchase of certain Huawei US patents related to computin...
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The United States on Monday warned foreign financial institutions that if they conducted any business with Iran or its banking sector they could be sanctioned by Washington.
"Foreign financial institutions continuing to transact with sanctioned Iranian financial institutions could be targeted at any time w...
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If 2026 feels like a banner year for the world's tech billionaires, the numbers bear it out.
The roughly 100 technology fortunes among the world's 500 richest people gained a combined $845 billion through Sept. 30, the most ever for the first nine months of a year, according to the Bloomberg Billionaires Ind...
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Banking
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Deposit mobilisation by private banks outpaced state-owned peers in the second quarter of FY27, indicating higher Foreign Currency Non-Resident Bank deposit mobilisation under the Reserve Bank's concessional swap window.
Data compiled by PTI from provisional numbers disclosed by banks for the July-Septembe...
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Indian banks and non-banking financial companies (NBFCs) announced their second-quarter business update on October 4, delivering healthy credit and deposit growth during Q2 FY27. Asset quality metrics remained steady across reporting institutions, with no visible operational disruption from ongoing West Asia...
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GLOBAL ECONOMY
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The expansion in Spain's service sector picked up pace in September as increased demand lifted activity despite a surge in operating expenses, a business survey showed on Monday.
• The S&P Global Spain Services PMI Business Act...
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South Africa's private sector contracted in September at its fastest pace since December as new orders fell sharply and supply bottlenecks and fuel-driven cost pressures intensified, a business survey showed on Monday.
• The S&...
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The euro slid sharply on Monday to a 17-month low as fiscal worries in France in the wake of a steep bond market rout stoked contagion fears in the region, helping the dollar shrug off soft US jobs data that dented near-term rate ...
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US services sector activity slowed in September, while strong domestic demand stretched supply chains and pushed a measure of prices paid by businesses for inputs to its highest level in more than four years, suggesting inflation ...
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INDIAN CORPORATE
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JSW Energy has added 1,694 MW of generation capacity since April 2026, taking its total installed capacity to 15,147 MW, the company said on October 5.
JSW Energy added around 1.4 GW of renewable energy capacity during the peri...
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Coal India (CIL) stepped up coal supplies in the first half of FY27, with total offtake rising 7.6% year-on-year to 384.2 million tonne (MT) and despatches to the power sector increasing 6.1% to 302.8 MT, as the miner drew down pi...
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Consumer goods maker Godrej Consumer Products expects a strong performance in the September quarter despite uneven monsoon conditions and renewed inflation across key commodity-linked inputs, with consolidated revenue growth expec...
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Vedanta’s recently demerged businesses reported their Q2 FY27 business updated. One important trend that stood was aluminium, zinc, steel and power operations posted strong production and sales growth, while oil and gas output dec...
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GST
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The GST Council is likely to make verification of goods in transit process more intelligence-driven, where any decision to stop a vehicle will have to be authorised in advance by a senior officer, according to government sources
The Council, which meets on October 7, may take up the proposal, which also st...
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With the second-generation reforms set to be completed on Wednesday with the rollout of process reforms, the Goods and Services Tax (GST) appears to be moving towards a more institutionalised and predictable regime, much like the direct taxes system, with frequent tinkering of rates giving way to a more struc...
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The 57th GST Council meeting has been postponed to October 8, marking the second change in its schedule. The GST Council Secretariat cited “unavoidable circumstances” in an office memorandum announcing the latest revision from the previously scheduled date of October 7, PTI reported.
Chaired by Union Finan...
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