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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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RBI
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29
Apr
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RBI/2026-27/16
(Delhi)
Reserve Bank of India (All India Financial Institutions – Undertaking of Financial
Services) –Amendment Directions, 2026
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29
Apr
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RBI/2026-27/19
(Delhi)
Reserve Bank of India (Regional Rural Banks – Undertaking of Financial
Services) – Amendment Directions, 2026
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29
Apr
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RBI/2026-27/20
(Delhi)
Reserve Bank of India (Small Finance Banks – Undertaking of Financial
Services) – Amendment Directions, 2026
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29
Apr
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RBI/2026-27/15
(Delhi)
Reserve Bank of India (Local Area Banks – Miscellaneous) – Amendment
Directions, 2026
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29
Apr
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RBI/2026-27/17
(Delhi)
Reserve Bank of India (Non-Banking Financial Companies– Undertaking of
Financial Services) –Amendment Directions, 2026
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29
Apr
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RBI/2026-27/18
(Delhi)
Reserve Bank of India (Rural Co-operative Banks– Undertaking of Financial
Services) – Amendment Directions, 2026
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INDIAN ECONOMY
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The government has consistently held that India remains an attractive destination for foreign direct investments (FDI) as it is the world’s fastest-growing large economy with unmatched market growth opportunities. Last fiscal till February, gross inflows were up year-on-year by 18% to $88.3 billion and expect...
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Petrol and diesel margins have plunged to Rs -14/litre and Rs -18/litre, while fertiliser subsidy is set to surge to Rs 2.05–2.25 trillion, as crude prices remain elevated at $120-125 per barrel amid the West Asia crisis, triggering a broad-based stress cycle across India’s downstream sectors, Icra said.
T...
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The Department of Commerce has developed a structured Export Monitoring Framework which breaks down the national target into sector-wise actions across engineering goods, textiles, electronics, pharmaceuticals, chemicals and services for India to reach its target of $2 trillion of goods and services exports b...
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India will be a developed nation by 2047, if the country continues its current economic growth trajectory, renowned economist Jeffrey D Sachs said on Wednesday.
Addressing an event organised by industry body Ficci, Sachs said India is one of the pillars of global stability and global peace, and it should n...
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The finance ministry has capped front-loading of expenditure under central sector schemes and sponsored schemes (CSS) that have the appraisal and approval pending for continuation under the 16th Finance Commission cycle.
Allocation to these will be restricted to the first two quarters in this financial yea...
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Union Minister of Commerce and Industry Piyush Goyal on Wednesday chaired a review meeting on the Export Promotion Mission (EPM) and allied activities to strengthen implementation mechanisms, improve coordination among stakeholders and enhance monitoring frameworks aimed at boosting India's export performanc...
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India’s energy subsidy bill has jumped 40% in five years to Rs 4.38 lakh crore in FY25, with the ongoing West Asia conflict-linked fuel shock threatening to push LPG under-recoveries beyond Rs 60,000 crore and sharpen fiscal stress for the government and oil marketing companies.
The increase reflects risin...
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In a shift towards treating telecom infrastructure under industrial electricity tariffs instead of commercial rates, state authorities have directed officials to examine extending lower power tariffs to the sector, according to discussions held at a recent State Broadband Committee (SBC) meeting.
The direc...
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Commerce and Industry Minister Piyush Goyal directed officials to identify priority sectors where clearly defined import substitution strategy can be pursued alongside the efforts to boost exports.
The sectors and products would be shortlisted in consultation with the ministries dealing with those products...
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The government has started work on the third Jan Vishwas Bill that will go beyond decriminalisation of laws and focus on simplification of processes and procedures, Commerce and Industry Minister Piyush Goyal said Wednesday.
“We will be looking at simplification of procedures and processes, reducing compli...
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The ongoing conflict in West Asia poses a significant supply-side shock with rising risks to inflation, trade, and financial flows, though India’s strong domestic demand, policy buffers, resilient financial system, and continued public investment are expected to provide a measure of insulation to the economy,...
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The Finance Ministry‘s Department of Economic Affairs on Wednesday (April 29) released the Monthly Economic Review for April 2026 and said that India’s economy remains resilient but is facing risks from the Middle East conflict, which has disrupted supplies of energy, fertilizers and industrial raw materials....
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MARKET & FINANCE
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After investing a record amount in Indian equities in March, domestic institutional investors (DIIs) have started the new financial year on a slower note.
So far in April, DIIs have made net investments of over Rs 47,577 crore in equities, compared with nearly Rs 1.43 lakh crore in March — the highest ever...
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The Indian Rupee has once again fallen below the 95 mark against the US dollar and hit a new record low.The depreciation in the currency comes largely on the back of a surge in crude oil prices, which hit their 3-year high over the US-Iran standoff.
On Thursday, the domestic currency opened at the 95.02 ma...
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GLOBAL CORPORATE
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British businesses' confidence about the economic outlook fell this month by the most since April 2020 although their assessment of their own prospects was less downbeat, a survey by Lloyds showed on Thursday.
The net balance in confidence about the wider economy in monthly Lloyds Business Barometer sank b...
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KKR is exploring a sale of Flora Food Group, the spreads business it had carved out of Unilever in 2017, and is aiming to strike a deal at a valuation of $10 billion, the Financial Times reported on Thursday.
The U.S. private investment group is currently working with bankers on a potential sale of Flora,...
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Samsung Electronics on Thursday reported record quarterly profit driven by a 49-fold jump in chip income, saying it expects a severe supply shortage to deepen next year as clients spend on AI, driving up prices of its memory chips.
The world's top memory chipmaker by sales also said it has signed multi-yea...
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Unilever's first-quarter underlying sales growth beat expectations on Thursday, driven by a return to volume-led growth in emerging markets and strong demand for its "power brands" including Dove and Vaseline as it wins back customers.
The London-listed consumer goods giant, with a market valuation of more...
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The U.S. and Israeli war against Iran is turning out to be a lightbulb moment for Asia, the continent most exposed to the loss of crude oil and liquefied natural gas from the still largely closed Strait of Hormuz.
The world's most populous and fast-growing region was already embracing electrification, espe...
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Banking
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Banks are allowed to extend relief measures to all borrowers without waiting for their requests, according to the Reserve Bank's revised guidelines for calamity-affected areas, which take effect from July 1.
Following stakeholders' feedback on draft directions on relief measures, the central bank on Wednes...
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The government has asked banks to complement physical branches with digital banking infrastructure, including assisted modes and vernacular language availability, for last-mile reach.
Financial services secretary M Nagaraju on Wednesday reviewed the progress of financial inclusion schemes with public secto...
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India's credit card market crossed the 119-million mark in March, but the gains are far from evenly distributed. Data released by the Reserve Bank of India shows that four lenders-HDFC Bank, SBI Cards, ICICI Bank and Axis Bank- continue to dominate the market, even as the competitive dynamics within that grou...
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GLOBAL ECONOMY
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The Russian economy contracted by 0.3% in the first quarter, marking its first quarterly contraction since early 2023, preliminary data showed on Wednesday, as the Ukraine war, Western sanctions, and high interest rates took their...
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Brazil's central government posted a primary budget deficit of 73.78 billion reais ($14.76 billion) in March, Treasury data showed on Wednesday, wider than the 71.63 billion reais forecast in a Reuters poll....
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Federal Reserve Chair Jerome Powell said on Wednesday that the U.S. economy has been "quite resilient" in the face of the Iran war energy shock, and is likely to keep growing at more than 2% this year because of solid consumer spe...
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Brazil's central bank cut interest rates by 25 basis points on Wednesday for a second straight meeting, leaving its next moves open as it sizes up the economic effects of the U.S.-Israel war against Iran.
The central bank's rat...
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Financial markets are finding it harder to look past the rising economic costs of the Iran war as the continued closure of the Strait of Hormuz prolongs the world's biggest-ever disruption to energy supplies.
Two months into th...
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China's manufacturing sector expanded in April at its fastest pace since the end of 2020, driven by stronger output and surging new orders, a private survey showed on Thursday.
The RatingDog China General Manufacturing Purchasi...
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U.S. economic growth likely accelerated in the first quarter on a rebound in government spending after a crippling government shutdown, but the pickup is expected to be short-lived as the war with Iran drives up gasoline prices an...
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The French economy was flat in the first quarter of this year, slowing from the previous three months, as contributions from inventories were offset by a decline in contributions from foreign trade.
The performance was below ex...
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The Bank of Japan is projecting core inflation hovering around 3%, well above its 2% target, for two years in a row under a risk scenario of elevated oil prices and a weakening yen, highlighting the economy's vulnerability to an e...
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German retail sales fell more than expected in March, decreasing by 2.0% compared with the previous month, data showed on Thursday.
Analysts polled by Reuters had predicted a 0.1% decrease.
The federal statistics office publ...
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The US trade deficit in goods widened more than expected in March as a rise in imports outpaced exports, suggesting that trade was likely a drag on economic growth in the first quarter.
The goods trade gap increased 5.3% to $87...
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The US Federal Reserve on Wednesday kept interest rates unchanged at 3.5%-3.75% for the third consecutive policy meeting, as policymakers weighed rising global risks, including higher energy prices and supply disruptions linked to...
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The dizzying changes wrought by energy shocks are only ever seen in the rearview mirror.
When the 1973 and 1979 oil crises first swept the world, analysts assumed the future would be business as usual. Crude demand from Western...
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China's factory activity expanded for a second straight month in April, as manufacturers cranked up production to ship goods early to buyers worried the Iran war will further inflate costs, sending new export orders to their stron...
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The Trump administration is expected to begin issuing the first refunds of tariffs deemed illegal by the US Supreme Court from around May 11, according to an order filed Tuesday in the US Court of International Trade.
Judge Ric...
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INDIAN CORPORATE
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French automaker Renault is restructuring its India operations as part of a broader strategic overhaul aimed at sharpening its manufacturing focus and strengthening the country’s role as a global export hub.
In a statement issu...
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PepsiCo is looking to transition almost its entire beverage portfolio in India to zero-sugar or mid-calorie products, up from 55-60% currently, as it bets on shifting consumer preferences to drive growth, its India and South Asia ...
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Beating analyst estimates, Adani Power posted a 52% Jump in profit at Rs 4017 crore as compared to Rs 2637crore in Q2FY25. . Sequentially profits grew 62%. Analysts expected a profit of Rs 3063 crore.
On revenue front, the comp...
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Trustees of Tata Trusts will meet on May 8 to deliberate on a range of sensitive issues, including mounting losses at Tata Sons in FY26, the question of Chairman Natarajan Chandrasekaran’s potential third term, and options to prov...
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Indian Overseas Bank (IOB) reported a 43% year-on-year rise in net profit to Rs 1,505 crore in the fourth quarter, aided by higher interest income and lower provisions and tax expenses. For FY26, net profit rose 56% to Rs 5,419 cr...
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Bajaj Finance reported a 22% year-on-year increase in net profit to Rs 5,553 crore for the March quarter, in line with Bloomberg’s profit estimates of Rs 5,560 crore. This profit figure followed a one-time action and presentation ...
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