INDIAN ECONOMY
|
|
|
India's merchandise trade deficit widened more than expected to a six-month high of $31.98 billion in July, as the Middle East war drove up the country's oil import bill and global freight rates.
The data underscores the growing pressure on India's external balance, as a wider trade gap weighs on the rupee...
Read More
|
|
India’s core sector growth is gathering pace but the headline number masks a sharp divide underneath. A handful of infrastructure-linked industries are expanding at a fast pace, while several upstream energy and agricultural-input sectors remain stuck in contraction.
The Index of Core Industries (ICI), whi...
Read More
|
|
The amendments to the Foreign Trade Policy (FTP) to facilitate settlement of international trade in Indian rupee is expected to provide greater flexibility to Indian exporters and their overseas trading partners in choosing the currency of invoicing and settlement, a senior official said on Friday.
The cha...
Read More
|
|
Employment in India’s unincorporated non-agricultural sector grew 6.6% in the April–June quarter (Q1) despite global uncertainties, with growth led by a 21% rise in services sector workforce, according to data released by the Ministry of Statistics and Programme Implementation (MoSPI) on Friday.
The inform...
Read More
|
|
|
MARKET & FINANCE
|
|
|
Domestic institutional investors (DIIs) emerged as a key counterweight to foreign selling in Indian equities in fiscal 2026, with their purchases reaching a record Rs 8.09 lakh crore. Against this, foreign institutional investors (FIls) sold Rs 1.81 lakh crore during the year. DIIs therefore invested about 34...
Read More
|
|
Foreign investor sentiment towards Indian equities is showing early signs of a turnaround after months of sustained selling, with foreign institutional investor (FII) flows returning to positive territory in July following a sharp weakening between March and June 2026, according to Jio BlackRock Asset Managem...
Read More
|
|
China will revise measures for managing outbound investment to better protect investors' rights and assets and fend off risks overseas, the National Development and Reform Commission (NDRC) said on Friday.
The state planner released a draft of the revised rules and is seeking public comments until Septembe...
Read More
|
|
India's foreign exchange reserves jumped by $9.905 billion to $716.90 billion during the week ended August 14, official data released by the Reserve Bank of India showed on Friday.
The reserves had risen $14.1 billion to $707 billion a week earlier, marking the highest level in the current fiscal year.
...
Read More
|
|
India's non-banking financial companies (NBFCs) are likely to maintain steady growth in the near to medium term, with management teams retaining their FY27 and medium-term growth guidance as credit demand remains healthy despite geopolitical uncertainties, according to brokerage firm 360 ONE Capital. The brok...
Read More
|
|
SEBI Chairman Tuhin Kanta Pandey said that the relatively patient behaviour by mutual funds as anchor investors compared to FPIs is an encouraging indication of the role long-term domestic institutional capital can play in Indian markets. He was addressing the AMFI Annual General Meeting. Prioritising Investo...
Read More
|
|
The Securities and Exchange Board of India issued a consultation paper on Friday to introduce fixed income channel partners (FICPs) to distribute fixed income securities though the Online Bond Platform Providers (OBPPs).
The paper seeks to improve awareness and access to fixed income products among investo...
Read More
|
|
India’s wealthiest families are changing the way they invest. Family offices, which traditionally focused on equities, fixed income, real estate and the family business, are putting a much larger part of their portfolios into private markets and other alternatives.
The Julius Baer-EY 2026 “Indian family of...
Read More
|
|
|
GLOBAL CORPORATE
|
|
|
Samsung Electronics said on Friday it has available about 90 trillion won to 110 trillion won ($65 billion to $79.5 billion) for shareholder returns in 2026, subject to business performance, investment and cash flow.
Samsung plans to distribute about 30 trillion won in cash dividends in the third quarter, ...
Read More
|
|
Britain's services sector, the engine of its economy, perked up unexpectedly this month, according to a survey on Friday that added to signs of resilience despite the conflict in the Middle East.
The S&P Global Flash UK Services Purchasing Managers' Index rose to a six-month high of 52.8 in August from 52....
Read More
|
|
The wave of debt issuance funding the artificial-intelligence buildout is testing the limits of investor demand, with some large bond buyers warning that the market is showing signs of indigestion.
While fund managers remain comfortable with the credit quality of companies such as Amazon and Alphabet, Goog...
Read More
|
|
Nvidia has made a minority investment in privately held Cloverleaf Infrastructure to develop infrastructure to power AI data center projects across the U.S., the companies said on Friday.
The investment will help Cloverleaf develop sites for the data centers, while Nvidia will support infrastructure buildo...
Read More
|
|
Euro zone business activity has grown at its fastest pace this year in August, buoyed by stronger new orders - particularly in manufacturing - and a return to export growth, according to a survey which also showed easing price pressures. That suggests the economy has remained resilient this quarter despite th...
Read More
|
|
Tensions between longtime allies Canada and the United States intensified on Friday (US time) as crucial trade talks between the two sides collapsed. The major new development triggered the punishing 50% tariffs the Trump administration sought to hit Canadian goods with, while Canada’s Prime Minister Mark Car...
Read More
|
|
|
|
|
|
|
RBI
|
|
|
The Central Board of Directors of Reserve Bank of India (RBI) on Friday reviewed global and domestic challenges, including risks to the economic outlook.
The Board also reviewed various operational areas of the RBI, including the functioning of its Committees and the Ombudsman Scheme.
"The Board in its me...
Read More
|
|
|
Banking
|
|
|
Indian banks are likely to see further improvement in net interest income (NII) and earnings growth in FY27, supported by strong foreign currency non-resident (FCNR) deposit mobilisation, healthy credit demand and benign asset quality, according to ICICI Securities. The brokerage expects systemic credit growt...
Read More
|
|
ICICI Bank’s board has approved doubling its offshore borrowing limit to $5 billion, joining a race among Indian lenders to capitalise on overseas fundraising after the Reserve Bank of India (RBI) advanced closure of a concessional swap facility on FCNR(B) deposits by a month to August 31 instead of end-Septe...
Read More
|
|
|
|
|
|
|
|
|
|
|
|
|
GLOBAL ECONOMY
|
|
|
|
German business activity expanded modestly in August as an upturn in manufacturing offset a faster decline in services activity, a preliminary business survey showed on Friday.
The S&P Global Flash Composite PMI Index for Germa...
Read More
|
|
Euro zone business activity is growing at its fastest pace this year thanks to stronger new orders, particularly in manufacturing, and renewed export growth, according to business surveys which also showed easing price pressures....
Read More
|
|
Canada's retail sales rose 0.6% in June, beating an average analyst expectation of 0.4%, as sales jumped at clothing and general merchandise stores, data showed on Friday.
Retail sales, which include purchases of cars, furnitur...
Read More
|
|
The strongest growth in the U.S. services sector in nearly two years powered a sharp acceleration in overall business activity in August, offsetting a slowing of growth in a manufacturing sector being restrained by reduced stock b...
Read More
|
|
Euro zone consumer confidence rose by 0.4 points in August from the July number, figures released on Friday showed.
The European Commission said a flash estimate showed euro zone consumer improved to -15.5 this month from -15.9...
Read More
|
|
Britain is showing surprising signs of strength among businesses and consumers, in an early boost for new Prime Minister Andy Burnham, despite the country's vulnerability to high inflation stemming from the Iran war....
Read More
|
|
|
INDIAN CORPORATE
|
|
|
Larsen & Toubro has seen a rush of large orders between July and August. The capital goods and engineering major’s order inflow in July and August exceeded Rs 1.4 lakh crore so far. The company has secured a strong stream of large...
Read More
|
|
Apple and Google are set to deepen their manufacturing presence in India, with Electronics and IT Minister Ashwini Vaishnaw on Friday signalling that Apple could make products beyond iPhones in the country and that India could cap...
Read More
|
|
|
COMMERCIAL LAW
|
|
|
The decision to permit overseas companies with up to 10 per cent Chinese shareholding to invest in India under the automatic route has begun to yield results, with 29 FDI proposals totalling about Rs 4,895.65 crore reported so far...
Read More
|
|
|
|
|
GST
|
|
|
Flagging concerns over less-than-anticipated cases filed with the appellate tribunal, GST Appellate Tribunal (GSTAT) President Justice (retd) Sanjaya Kumar Mishra on Friday said only about one-third of the expected 2.5 lakh cases have been filed.
Speaking at the National Taxation Summit organised by the Be...
Read More
|
|
The Centre and state tax officers are working on guidelines to bring uniformity in documents that are to be submitted for faster processing of GST registration application of businesses who pass on tax credit of over Rs 2.5 lakh a month, a senior official said on Friday.
Once agreed to by all states and the ...
Read More
|
|
|
|
|
|
|
|