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INDIAN ECONOMY
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India is willing to have more economic engagement with China, provided business arrangements offer fair terms and geopolitical conditions remain stable, Commerce and Industry Minister Piyush Goyal said on Wednesday.
Speaking at the Bloomberg New Economy Forum in New Delhi, Goyal said, "We are open to all c...
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Over 85 per cent of Maharashtra's talukas have been declared drought-hit after the state government added 40 more regions to the list, taking the total affected sub-divisions to 305 out of 358, Chief Minister Devendra Fadnavis said on Wednesday.
Fadnavis also said Rs 5,000 would be deposited in farmers' ba...
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Canada's Minister of International Trade, Maninder Sidhu, has welcomed the investment potential between India and Canada, highlighting the role of Canadian companies, institutions and pension funds in India's infrastructure development, following the Union Cabinet's approval of the strategic sale and restruct...
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At a press briefing in Bangkok on Thursday, the International Monetary Fund (IMF) said India entered the energy shock with strong fundamentals and has responded well to it, and that pressure on its exchange rate should not be read as a sign of economic failure.
Krishna Srinivasan, Director of the IMF's Asi...
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The government is looking at using digital payments and public expenditure data to expand the way it measures the performance of India’s services economy.
The Ministry of Statistics and Programme Implementation (MoSPI) has proposed using UPI transaction data and government salary records to track activity ...
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Union Minister for electronics and IT, Ashwini Vaishnaw highlighted on Wednesday that the world should brace for a rougher economic stretch, given tech disruptions, artificial intelligence and financial risks. India, he said, is working to insulate its growth from those shocks.
Speaking at the Bloomberg Ne...
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India’s economic growth has remained strong regardless of higher oil prices, but a prolonged energy shock could test the country’s resilience by raising inflation, increasing import costs and putting pressure on household spending and government finances. The International Monetary Fund’s October 2026 World E...
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India’s trade deficit with China crossed $ 100 billion in the first nine months of 2026, even as Indian exports grew by 40.7 per cent, sustaining their upward momentum amid a continued surge in Chinese imports. India’s trade deficit with Beijing widened to $ 105.93 billion between January and September 2026, ...
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The Reserve Bank of India’s special dollar window for state-run oil marketing companies could shift around $11-12 billion in monthly dollar demand away from the spot foreign-exchange market, easing pressure on the rupee and lowering treasury and hedging costs for Indian Oil, BPCL and HPCL, according to indust...
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With the Food Corporation of India (FCI) holding 84.38 million tonnes (MT) of foodgrains, nearly three times the prescribed buffer stock, rising costs of carrying the surplus could push the Centre’s food subsidy expenditure beyond the budgeted amount in 2026-27. The finance ministry has released Rs 83,000 cro...
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MARKET & FINANCE
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Its $50 billion investments in India place
Blackstone among the top 10 business houses. The world's largest alternative asset manager plans to double its investments in the next five years mainly in private equity and real estate, and expand into infrastructure, credit and growth investing. In an interview w...
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Market regulator Securities and Exchange Board of India's (SEBI) Secondary Market Advisory Committee (SMAC) has favoured retaining the existing volume-weighted average price (VWAP) methodology for determining the settlement price of index and stock derivatives on expiry days, rejecting an immediate shift to a...
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Indian government bonds edged higher early on Thursday, tracking a rally in US Treasuries, but gains were capped by concerns over tighter liquidity, higher interest rates and mounting supply pressures.
The benchmark 6.94% 2036 bond yield was down 2.5 basis points at 7.3714% at 11:40 a.m., after falling as ...
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GLOBAL CORPORATE
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More than $3.5 trillion in artificial intelligence (AI) infrastructure spending could face financial write-downs by the end of 2030 if companies keep investing at their current pace, according to research firm Gartner.
AI providers are expected to spend nearly $1 trillion on infrastructure in 2026, followe...
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ByteDance is close to an agreement with MediaTek to secure semiconductors for its data center operations, Bloomberg News reported on Thursday, citing people familiar with the matter.
Reuters could not immediately verify the report. ...
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The cost of insuring against US tech defaults has hit record levels in the latest sign of credit stress building in the AI trade, especially for data centres dependent on future revenue.
The moves reflect rising investor concern over how quickly massive investments in artificial intelligence will translate...
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Netflix will lay off around 1,000 employees, about 6% of its workforce, according to a WSJ report that cited an internal memo sent to employees on Wednesday. The cuts will mainly affect the company’s product, technology, legal and human resources teams.
Netflix co-chief executives Ted Sarandos and Greg Pet...
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Banking
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The Cabinet on Wednesday approved the sale of a 60.72% stake in IDBI Bank to Canadian billionaire Prem Watsa-led Fairfax Financial Holdings for Rs 52,878 crore, marking India’s largest foreign investment in the financial services sector and bringing a five-year-old strategic disinvestment process close to com...
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Artificial intelligence could free up as much as 40 per cent of the existing workforce capacity in middle- and back-office banking functions by 2030, as banks move towards technology-led operations, according to a report by Boston Consulting Group (BCG).
The report, titled ‘A Golden Window for Growth’, sai...
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GLOBAL ECONOMY
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The US and other wealthy nations need to urgently tackle mounting global debt levels that are weighing most heavily on low-income countries and straining the global financial system, the head of the International Monetary Fund sai...
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Australian employment unexpectedly fell in September, data showed on Thursday, while the unemployment rate held at a five-year high, a soft result that had investors paring back wagers on another hike in interest rates.
Markets...
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The dollar slipped from an 18-month peak on Thursday despite hotter-than-expected inflation data, as cautious remarks from Federal Reserve officials and a pullback in Treasury yields led traders to scale back expectations of an Oc...
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The International Monetary Fund on Thursday projected Asia's economic growth would moderate next year and warned of heightening risks from the Iran war-induced energy shock, a potential correction in the AI boom and spillovers fro...
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The US and other wealthy nations need to urgently tackle mounting global debt levels that are weighing most heavily on low-income countries and straining the global financial system, the head of the International Monetary Fund sai...
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At a press briefing in Bangkok on Thursday, the International Monetary Fund (IMF) said Asia's central banks should be ready to raise interest rates where inflation turns more persistent or expectations start to slip.
Krishna Sr...
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The International Monetary Fund stood ready to support Sri Lanka "in any way they desired, as appropriate," Sonali Jain-Chandra, deputy director of its Asia and Pacific Department, said on Thursday.
* Sri Lanka's macroeconomic ...
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Canada’s immigration debate comes down to one number, according to India’s High Commissioner to Canada, Dinesh Patnaik: 15 million.
That is how many jobs he says a planned $1 trillion investment push would need filled over the ...
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The possibility of a US Fed rate hike in October has increased. Here is what the data shows. In September, the Consumer Price Index increased by 0.6% and by 3.7% year-over-year. The index for all items excluding food and energy ro...
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INDIAN CORPORATE
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Air India has set up a dedicated team to identify cost savings across operations and tightened spending approvals as the airline grapples with airspace disruptions, the Middle East conflict and high jet fuel costs, CEO Tewolde Geb...
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Reliance Consumer Products has launched Joyland flavoured milk in Tamil Nadu with a price tag of Rs 20, marking its strategic entry into a growing ready-to-drink dairy market where ITC, Amul and other peers have a strong foothold....
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Bharat Heavy Electricals (BHEL) reported a more than twofold increase in net profit to Rs 820.94 crore in Q2FY27, compared with Rs 374.89 crore in Q1FY27.
BHEL’s Revenue rose 23.81% to Rs 9,300.35 crore in Q2FY27, from Rs 7,511...
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Canara Bank reported an 8% year-on-year increase in net profit to Rs 5,175 crore for the quarter ended September 2026, driven by growth in core interest income, even as a sharp decline in treasury income weighed on non-interest in...
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Hyundai Motor Company President and CEO José Muñoz expects Hyundai Motor India to regain its position as the country’s second-largest passenger vehicle manufacturer by 2028-29, with the newly inaugurated Pune plant playing a key r...
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ICICI Lombard General Insurance on Wednesday reported a 15% year-on-year increase in net profit to Rs 946 crore in the second quarter of FY27, driven by growth in core business premiums and investment income. Gross premium written...
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The Brookfield-backed Avaada Group is exploring Europe and West Asian markets as part of its export strategy.
“Europe and West Asia are important markets that we are actively evaluating as part of Avaada Electro’s international...
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Jindal Stainless has deployed 10 electric trucks to transport finished goods, the first time the company has used electric vehicles for this purpose. The trucks will run between its Jajpur plant and the cities of Kharagpur and Kol...
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