INDIAN ECONOMY
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The Union Cabinet and the Cabinet Committee on Economic Affairs (CCEA) are likely to take up several key proposals at their meeting scheduled for 11 am today, including a hike in the Minimum Support Price (MSP) of six Rabi crops, sources told Business Today.
The CCEA is likely to approve an increase in the...
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With deficient monsoon rains this season, the government on Tuesday set a lower foodgrain production target of 373.93 million tonnes (MT) for the 2026-27 crop year (July-June), against an estimated output of 376.56 MT in 2025-26.
Agriculture Minister Shivraj Singh Chouhan said that the production target wa...
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As many as 10 out of 19 service sub-sectors recorded double-digit growth in July, according to the Index of Services Production (ISP) data released on Tuesday.
The ISP data, published on a trial basis, showed that 17 sub-sectors recorded positive growth in July, according to a Ministry of Statistics & Prog...
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Despite the government’s assertion that India’s oil imports from Russia won’t be cut in the face of tariff threats from the US, Urals flows to the country could moderate in the coming weeks. Indian refiners are assessing alternative supplies and procurement costs in an already tight oil market, and any puniti...
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India’s services sector output grew at a robust pace in July, with 11 of the 19 sectors tracked under the trial Index of Services Production (ISP) growing quicker in July compared to June.
While the Ministry of Statistics and Programme Implementation (MoSPI) does not yet publish overall growth rate for the...
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The Indian economy continues to demonstrate strength amidst the geopolitical challenges, supported by robust domestic demand, sustained industrial and services sector activity, and improving labour market conditions, Shaktikanta Das, principal secretary-2 to the prime minister and former Reserve Bank of India...
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MARKET & FINANCE
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The Astana International Financial Centre (AIFC) is exploring to partner with India's GIFT city given the geographical proximity between India and Kazakhstan.
"GIFT city is emerging as a key financial centre. AIFC is Eurasia's best performing financial centre and a collaboration between the two entities is b...
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US long-term borrowing costs have climbed to their highest level in almost 25 years as a sell-off in the Treasury market picked up pace.
The yield on the 30-year US Treasury rose 0.06 percentage points in afternoon trading in New York on Tuesday to 5.62 per cent. This was its highest level since June 2002....
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GLOBAL CORPORATE
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Anthropic said it expects to spend at least $518 billion over a decade building AI infrastructure with six partners, according to a confidential IPO prospectus seen by Reuters — a plan that ranks among the largest AI buildout commitments on record.
The AI lab said in the prospectus that about 80% of that s...
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Blackstone said on Tuesday it was launching a new logistics investment platform for the Nordics, giving investors a more direct route to put money into a high-growth sector.
The platform will include over 200, mainly last-mile warehouses to support the e-commerce industry, covering over two million square ...
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Senegal must persuade the International Monetary Fund that its groaning debt pile is on a sustainable path before it can unlock much-needed Fund financing.
But proving this is much more complex than simply spending less or earning more. The IMF weighs debt-servicing costs, revenues, borrowing needs and deb...
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Ford CEO Jim Farley said that the US must carefully weigh how and whether Chinese automakers should enter the American market, and pointed to Europe as a cautionary tale.
Farley said at an Automotive News conference on Tuesday that the US must "be extremely careful around how the Chinese OEMs come to our cou...
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The US Department of Defense has tapped Boeing for a multi-billion-dollar contract to produce its F/A-XX aircraft, the sixth-generation fighter jet intended to replace the legacy F/A-18E/F Super Hornets and EA-18G Growlers in the 2030s. According to an official announcement on Tuesday (US time), the American ...
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Banking
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The State Bank of India (SBI) is learnt to have supported the objectives of the proposed amendments to the Foreign Contribution (Regulation) Act while seeking clear rules on how banks should handle an organisation's accounts and deposits when its permission to receive foreign donations ends.
In a presentatio...
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GLOBAL ECONOMY
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China's foreign exchange regulator said on Tuesday it expects the country's trade in goods and services to keep growing, and cross-border investment to remain active, despite complex external situations. ...
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China on Tuesday cut the rate on a key central-bank lending facility and announced interest subsidies on new commercial mortgages for eligible first-time homebuyers, its latest effort to support a slowing economy....
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Canada's economic growth was flat in July, data showed on Tuesday, in line with expectations and signaling a slower start to the third quarter after a solid growth in the prior three months quarter....
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Australia's central bank raised its cash rate to a 15-year high of 4.60% on Tuesday in its fourth hike of the year, saying inflation was too high and it was prepared to hike further if needed....
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Chinese travellers are booking longer holidays and venturing further afield for this year's National Day holiday, yet a prolonged slowdown in consumer spending means record travel volume may not translate into bigger spoils, analy...
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The US job market was largely unchanged in August. There were 7.1 million job openings at the end of the month, according to the US Bureau of Labor Statistics. Companies hired 5.2 million people during the month, while 5.1 million...
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INDIAN CORPORATE
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Day after Tata Trusts proposed a plan for the reorganisation of Tata Sons, chairman Noel Tata said the public listing of the company would fundamentally change the Tata Group's long-term investment and social-development model. Th...
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