August 18, 2026

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INDIAN ECONOMY

ICRA estimates India's GDP growth at four-quarter low of 7 per cent in April-June

Rating agency ICRA on Monday estimated India's GDP growth at a four-quarter low of 7 per cent in the April-June quarter of the current fiscal, sliding from 7.8 per cent in the March quarter of FY26, on a slower pace of expansion in the services sector....

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Review bilateral trade strategy with US

President Donald Trump has a penchant for keeping international trade and tariffs perpetually in turmoil. The latest salvo in the tariff saga is a recently released White House report titled “The Great Transshipment Scam”. This report and a slew of tariff related actions in the US during the past few weeks ca...

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NITI Aayog outlines $81 billion export target for chemical sector by 2030, but there are challenges

The Indian chemical industry could see exports rise to $81 billion by 2030. It produces more than 80,000 products — with inorganic, petrochemicals and speciality chemicals as the three key attractive segments for manufacturers. Projections shared by NITI Aayog also suggest that market consumption will reach $...

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India’s real estate sector is booming. China’s property market shows what could go wrong

In a single year, the world’s two largest emerging economies moved in opposite directions in the property market. India’s professionally managed real estate market grew to $104 billion in 2025, a gain of $13 billion, according to the Morgan Stanley Capital International Real Estate Market Size Report released...

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Rupee tumbles as RBI shuts FCNR(B) window early

The Reserve Bank of India’s (RBI’s) decision to prematurely close its concessional swap facility for FCNR(B) deposits, coupled with a rise in crude oil prices to nearly $90 a barrel, sent the rupee lower on Monday, though intervention by the central bank prevented a sharper slide....

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Jobless rate slips to four-month low of 5.1% in July on rural upswing

India’s unemployment rate for people aged 15 years and above fell to 5.1% in July 2026, compared with 5.5% in June, according to the latest Periodic Labour Force Survey (PLFS) released by the National Statistics Office (NSO) on Monday. This was the lowest joblessness rate in four months. ...

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MARKET & FINANCE

Tata Sons board divided over Chandrasekaran’s exit; directors debate on reconsideration

A debate is underway among some Tata Sons directors on how the board should formally respond to chairman N Chandrasekaran’s decision not to seek reappointment, people familiar with the matter told ET. Opinion is split on whether the issue be put to a vote at a board meeting, while some directors believe the b...

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BEML isn’t just a tank maker anymore: How Vande Bharat coaches became bigger than defence in its revenue mix

BEML is no longer simply a defence and heavy-equipment manufacturer. The state-owned company is building a broader growth story around railways, metro systems, defence and mining, with a record order book and a sizeable pipeline across its businesses, according to Antique Stock Broking....

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LPG under-recoveries of OMCs may fall sequentially to Rs 8,200 cr in Q2FY27

State-run oil marketing companies’ LPG under-recoveries are expected to decline by nearly 40% sequentially in the September quarter as international LPG prices soften, providing relief after the West Asia supply shock pushed the burden to Rs 13,700 crore in Q1FY27....

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GLOBAL CORPORATE

AI Market Correction Is Coming, ECB Blog Predicts

A market correction to ?tech ?stock exuberance in the U.S. ?is likely and could have far-reaching consequences due to limits ?in fiscal and monetary policy buffers to blunt the potential economic hit, a European Central ?Bank blog post said on ?Monday....

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Nvidia to Provide up to $105 Billion Guarantee for OpenAI's Ohio Data Center

Nvidia has agreed to provide a guarantee of up ?to $105 ?billion to help OpenAI lease a sprawling data center in ?Ohio being developed by SoftBank-owned SB Energy, in one of the chipmaker's largest infrastructure financing commitments....

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US to announce steps to help refiners produce more fuel, energy chief Wright says

U.S. Energy Secretary Chris Wright said on Monday that Washington will announce steps within days to help refiners boost fuel output, as President Donald Trump seeks to rein in stubbornly high gasoline prices that spiked during the U.S.-Israeli war on Iran....

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Nvidia’s proposed $3 billion investment in SB Energy could reshape AI infrastructure. Here is how

Nvidia is in talks to invest as much as $3 billion in SB Energy, a SoftBank Group subsidiary that is developing a major data centre campus in Ohio for OpenAI. The proposed investment could become an important step in the race to build the huge computing infrastructure needed to support the rapid growth of art...

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Can Anthropic really hit $200 bn in revenue by 2028?

Anthropic saw its annual revenue run rate top $65 billion by the end of July amid preparations for a blockbuster IPO. The company has reportedly forecast 2028 revenue of roughly $190 billion to $200 billion. The projections have become a focal point for investors — with many betting on a $2 trillion valuation...

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GLOBAL ECONOMY

Japan's economy manages 1.1% growth rate despite headwinds

Japan's economy grew an annual rate of 1.1% in the April-June quarter even as private consumption stayed flat and the growth of exports declined, according to government data released Monday. Japan 's real GDP, or gross domesti...

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Fed to Hold Interest Rates This Year, Economists Say, Sticking to Their View: Reuters Poll

The Federal Reserve will keep its key interest ?rate ?unchanged next month and through year-end, according to ?most economists in a Reuters poll, a view they have held for the past several months. Market pricing ?for a Septembe...

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Canada's July Annual Inflation Accelerates to 3% as Gasoline Rebounds

Canada's annual inflation ?rate ?accelerated to 3% in July, ?slightly more than expected, as renewed United States-Iran tensions drove gasoline ?prices, while the cost of travel tours also rose, data showed on Monday. On a mont...

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Brazil Posts Modest Second-Quarter Growth, Central Bank Index Shows

Brazil's economy expanded ?just ?0.2% in the second quarter ?from the previous three-month period, a central bank ?indicator showed on Monday, signaling a loss of momentum from the year's strong ?start, particularly in the all-imp...

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China's Premier Calls for Stabilising External Demand as Growth Sputters

China's Premier Li Qiang ?on ?Monday called for efforts to ?stabilise external demand and expand international trade cooperation, as weak ?domestic demand weighs on growth and external risks loom. "Currently, the problem of ins...

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Brazil Minister Says Fiscal Reforms Face Painful Final Mile

Brazil's Finance Minister ?Dario ?Durigan said on Monday ?that the country faces a "painful final mile" of fiscal ?reforms to address high interest rates, rising public debt and household leverage ?hovering around record levels. ...

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One Neutral Rate Estimate Suggests Fed's Policy Stance Is Accommodative, Paper Says

The Federal Reserve's current policy ?rate ?is probably accommodative, if measured ?against a medium-run estimate of the so-called neutral rate ?at which borrowing costs are neither slowing nor boosting the economy, according to r...

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Foreign Holdings of US Treasuries Fall in June, Led by Japan, UK, China, Data Shows

Foreign holdings ?of ?U.S. Treasuries slid in ?June, data from the Treasury Department showed on ?Monday, led by declines in holdings from Japan, the UK and China. Holdings ?of U.S. Treasuries slipped to $9.299 ?trillion in Jun...

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