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CUSTOMS
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16
Mar
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Notification No. 25/2026
(Delhi)
S.O. … (E).– In exercise of the powers conferred by sub-section (2) of section 14 of the Customs Act, 1962
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16
Mar
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Circular No. 11/2026
(Delhi)
Facilitation in import of pet dogs and pet cats along with stranded Indians in war-hit Middle East countries - regarding.
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INCOME TAX
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16
Mar
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Notification No. 17/2026
(Delhi)
S.O. 571(E).—In exercise of the powers conferred by clause (46) of section 10 of the Income-tax Act, 1961
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INDIAN ECONOMY
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The free trade agreements (FTAs) signed by India with the UK and the European Union should not be viewed merely as a means to reduce import duties on luxury cars, but as a broader catalyst for attracting foreign direct investment (FDI) and boosting manufacturing in India, said Balbir Singh Dhillon, Brand Dire...
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India is assessing fuel-supply requests from its neighbours and will approve exports only if it has surplus volumes, the foreign ministry said on Wednesday, as the U.S.-Israeli war with Iran disrupts shipments through the Strait of Hormuz and sends global energy prices higher.
India, the world's fourth-lar...
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India’s service sector is expected to grow to $6 trillion by 2035, contributing 60 per cent to the country’s GDP, says an OmniScience Capital report.
As per the report, India’s economy is expected to touch $10 trillion by 2035. The report highlights that, apart from the service sector, the industry sector ...
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The average price at which domestic refiners import oil — India’s crude oil basket — surged to $146.09 per barrel on March 17, up 111.7% from an average of $69.01 in February. While the development has raised the prospect of sharp spike in input costs across industries and macroeconomic stress, among first to...
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MARKET & FINANCE
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The regulatory change in TER aimed at making mutual fund costs more transparent for investors could potentially alter how distributors earn commissions, with smaller players likely to face financial and operational impact. The changes in TER post the overhaul in Mutual Fund Regulation announced in December 20...
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GLOBAL CORPORATE
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The discount for U.S. crude futures versus Brent on Wednesday hit the widest in 11 years, as attacks on Middle Eastern oil infrastructure drove the global benchmark higher while rising supply in the U.S. set the stage for a jump in oil exports.
The U.S-Israeli war on Iran has thrown global oil markets into...
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Billionaire Elon Musk said late on Wednesday that his companies SpaceX AI and Tesla expect to continue ordering Nvidia chips at scale....
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Apple posted a 23% surge in China smartphone sales in the first nine weeks of 2026, bucking a broader market decline as some Android phone makers raised prices in response to higher costs for memory chips.
China's overall smartphone market fell 4% year-on-year in the January-to-early-March period, with gov...
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Samsung Electronics and Advanced Micro Devices (AMD) signed a memorandum of understanding to expand their strategic partnership on memory chip supplies for artificial intelligence infrastructure, the companies said on Wednesday.
The agreement will focus on supplying Samsung's next-generation high-bandwidth...
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Banking
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The government is working on a reform agenda for regional rural banks, modelled on an ongoing initiative for public sector banks, to scale up their operations and position them as the front-end for their sponsor banks.
"The key focus areas will be technology upgradation, product diversification, and collab...
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India needs greater consolidation in the financial services industry to achieve its growth targets, said Rajeshwar Rao, former deputy governor of the Reserve Bank of India.
“We need players with heft. And for this, besides access to growth capital, the option of consolidation in the financial services indu...
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GLOBAL ECONOMY
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Brazil's central bank began a long-awaited easing cycle on Wednesday with a cautious 25-basis-point cut, holding off on explicit guidance for next steps as an oil shock tied to the U.S.-Israeli war on Iran stoked global inflation ...
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New Zealand's economy posted a modest gain in the fourth quarter, below analyst expectations, leading to a drop in the New Zealand dollar as markets saw more breathing room for the central bank.
Official data out on Thursday sh...
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The Bank of England on Thursday looks set to delay an interest rate cut that seemed a sure bet before the war in the Middle East, and it will probably sound vague about its next steps while it waits to see the extent of the inflat...
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U.S. wholesale prices came in hotter than expected in February, driven partly by a sharp increase in food costs.
The Labor Department reported Wednesday that its producer price index — which measures inflation before it hits co...
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The US Federal Reserve on Wednesday kept its benchmark interest rate unchanged at 3.5%-3.75% as policymakers weighed the impact of rising geopolitical tensions in the Middle East alongside signs of moderating economic momentum. Th...
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The national debt surpassed a record $39 trillion on Wednesday, a milestone that comes just weeks into the U.S.-Israeli war in Iran.
The unprecedented figure highlights competing administration priorities, from passing a massiv...
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South Africa's annual inflation eased in February, falling to the central bank's target of 3%, but analysts said the slowdown could be temporary as the ripple effects of the U.S.-Israel war against Iran will show up in upcoming re...
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Hong Kong's seasonally adjusted unemployment rate fell to 3.8% in the December to February, from 3.9% in the previous three-month period, the government said on Wednesday, with decreases mainly in retail, accommodation services, f...
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The Bank of Canada is widely expected to keep rates on hold on Wednesday, despite fears of higher inflation following the spike in oil prices stemming from the Middle East war, economists said.
Canada's inflation is around 2%,...
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An International Monetary Fund mission began talks with Ukraine's government on Wednesday as the country faces an uphill battle to pass unpopular tax increases for small businesses and entrepreneurs to secure financing, officials ...
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Financial markets are underpricing geopolitical risks, increasing the potential for sudden sell-offs, European Central Bank supervisor Claudia Buch said on Wednesday, as she warned against easing bank regulations.
The U.S. has...
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U.S. producer prices increased by the most in seven months in February, driven by higher costs for services and a range of goods, and could accelerate further as the war in the Middle East boosts oil prices and the pass-through fr...
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Chile's economy grew more slowly in 2025 than in the previous year, despite returning to growth in the fourth quarter.
Full-year GDP expanded 2.5%, central bank data showed on Wednesday, down from a revised 2.8% in 2024....
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Italy is lagging well behind its major European counterparts in terms of female employment, damaging prospects for economic growth and the demographic outlook, an equality report showed.
Prime Minister Giorgia Meloni - Italy’s ...
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INDIAN CORPORATE
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The board of directors of Bosch approved a 50:50 joint venture with Tata Autocomp Systems to manufacture electric vehicle components, as the two companies step up focus on India's rapidly evolving EV ecosystem, the company said in...
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