April 07, 2026

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INCOME TAX

3
Apr

Notification No. 33/2026 (Delhi)
S.O. 1622(E).—In exercise of the powers conferred by sub-clause (b) of clause (46A) of section 10 of the Income-tax Act, 1961

3
Apr

Notification No. 34/2026 (Delhi)
S.O. 1623(E).—In exercise of the powers conferred by sub-clause (b) of clause (46A) of section 10 of the Incometax Act, 1961

3
Apr

Notification No. 36/2026 (Delhi)
S.O. 1624(E).—In exercise of the powers conferred by sub-clause (b) of clause (46A) of section 10 of the Income-tax Act, 1961

3
Apr

Notification No. 37/2026 (Delhi)
S.O. 1626(E).— In exercise of the powers conferred by clause (46) of section 10 of the Income-tax Act, 1961

3
Apr

Notification No. 38/2026 (Delhi)
S.O. 1627(E).— In exercise of the powers conferred by clause (46) of section 10 of the Income-tax Act, 1961

3
Apr

Notification No. 35/2026 (Delhi)
S.O. 1625(E).— In exercise of the powers conferred by clause (46) of section 10 of the Income-tax Act, 1961

3
Apr

Notification No. 28/2026 (Delhi)
S.0. 1535(E).—In exercise of the powers conferred by clause (46) of section 10 of the Income-tax Act, 1961

3
Apr

Notification No. 29/2026 (Delhi)
S.O. 1576(E).— In exercise of the powers conferred by sub-clause (b) of clause (46A) of section 10 of the Income-tax Act, 1961

3
Apr

Notification No. 30/2026 (Delhi)
S.O. 1577(E).— In exercise of the powers conferred by sub-clause (b) of clause (46A) of section 10 of the Income-tax Act, 1961

3
Apr

Notification No. 31/2026 (Delhi)
S.O. 1578(E).— In exercise of the powers conferred by sub-clause (b) of clause (46A) of section 10 of the Income-tax Act, 1961

3
Apr

Notification No. 32/2026 (Delhi)
S.O. 1579(E).— In exercise of the powers conferred by clause (46) of section 10 of the Income-tax Act, 1961

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LIVE MARKET

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INDIAN ECONOMY

India's services growth slows to 14-month low as Middle East war hits demand, PMI shows

India's services sector grew at its weakest pace in 14 months in March as the Middle East war dampened domestic demand, a survey showed on Monday, though overseas orders hit a near record while input cost pressures were at their most intense since mid-2022. The final HSBC India Services Purchasing Managers...

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Moody’s cuts India’s FY27 GDP target to 6% amid Iran war

Moody’s Ratings has slashed India’s economic growth estimates for the current fiscal to 6 per cent from 6.8 per cent earlier, saying the ongoing conflict in West Asia will moderate growth momentum and raise inflation risks. In its credit opinion report on India, Moody’s said prolonged disruptions, particul...

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Direct benefit transfers down 5% to Rs 6.6 lakh crore in FY26

Delivery of subsidies and welfare benefits through the direct benefit transfer (DBT) mechanism fell 5% to Rs 6.6 lakh crore in FY26 from Rs 6.9 lakh crore in FY25. The DBT spending pattern also reveals a shift in government resource allocation, with a moderation of transfers under some welfare schemes whil...

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After LPG, piped gas may face disruptions over operations at Ras Laffan

The Centre will release the remaining Rs 17,500 crore compensation to state-run oil marketing companies (OMCs) in FY27, in seven tranches, as part of a Rs 30,000 crore support package to offset mounting LPG under-recoveries, the petroleum ministry has informed the parliamentary standing committee on petroleum...

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MARKET & FINANCE

Sensex P/E valuations lowest since May '20 amid FPI selloff

There has been a sharp decline in equity valuation in India since the war in West Asia started at the end of last month. The benchmark BSE Sensex’s trailing 12-month price-to-earnings (P/E) multiple on Friday declined to over a year’s low of 20.2x (20.2 times). ...

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India bears brunt of global equity outflows as geopolitical tensions rise

Global equity fund flows turned negative for the first time since January 2026 as geopolitical tensions weighed on investor sentiment, according to a report by Elara Securities. The shift comes as the West Asia conflict enters its fifth week, triggering broad-based outflows across markets....

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GLOBAL CORPORATE

War Weighs on Egypt's Private Sector as PMI Hits Near Two-Year Low in March

Egypt's non-oil private sector deteriorated at its sharpest pace in almost two years in March, as the Middle East war drove up costs and dampened client demand, a closely watched business survey showed on Sunday. The headline S&P Global Egypt Purchasing Managers' Index fell for a fourth consecutive month, dro...

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Foxconn First-Quarter Revenue Jumps, Company Cautions on Geopolitics

Taiwan's Foxconn, the world's largest contract electronics maker, reported a 29.7% on-year rise in first-quarter revenue on strong demand for artificial intelligence products, though it cautioned about "volatile" global politics. Revenue for Nvidia's biggest server maker and Apple's top iPhone assembler ju...

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Tesla's South Korean Sales up More Than 300% to 11,134 Vehicles in March

Tesla saw its car registrations in South Korea rise 330% to 11,134 vehicles in March from year earlier, market researcher Carisyou said on Monday. Tesla has cut prices for some of its Model Y and Model 3 electric vehicles made in China, sparking price competition among EV makers in Korea....

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Saudi Arabia and Russia to drive more than 60% of oil production increments from May

Russia and Saudi Arabia will provide more than 60 per cent of the total production increments scheduled for May 2026, leading a collective move by eight OPEC+ nations to adjust voluntary output levels. According to an Organization of the Petroleum Exporting Countries press release, the participating countr...

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Trump's trade war with China in focus ahead of May summit

President Donald Trump is due to meet Chinese President Xi Jinping in May during his first visit to China in eight years, a closely watched trip that comes just a year after Washington rolled out sweeping and at times erratic global tariffs. The confrontation between the world's two top economies has evolv...

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Banking

Banks seek RBI clarity on forex hedge curbs, warn rules may hit genuine trade flows amid delays

Amid longer voyages, uncertainties, and delays in payments and cargo movements, banks want Reserve Bank of India (RBI) to clear the air as its last week's diktat to back the rupee could backfire on genuine trades. Bankers met over the weekend to discuss this, some sent feelers to RBI, and the issues would ...

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GLOBAL ECONOMY

Vietnam Q1 Growth Slows as Costlier Middle East Energy Tests 2026 Target

Vietnam's economy slowed in the first quarter from the three months prior, data showed on Saturday, as heavy exposure to Middle Eastern oil imports boosted inflation, presenting a challenge in reaching an annual growth target, aut...

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Saudi Arabia's Non-Oil Business Activity Shrinks in March Amid Conflict, PMI Shows

Saudi Arabia's non-oil private sector activity contracted in March for the first time since August 2020, as the war in the Middle East snarled up supply chains, a business survey showed on Sunday. The seasonally adjusted Riyad ...

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BOJ Warns of Economic Hit From Middle East Conflict

The Bank of Japan said surging oil costs and supply disruptions brought about by the Middle East conflict could hurt the economy, signalling caution over downside risks to growth that may prod it to tread cautiously in raising int...

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Global Economy: Factory input costs soar worldwide as Iran war snarls up supply chains

Factories across the world faced soaring input costs and supply chain disruptions in March due to the Iran war as underlying tepid demand threatened to undermine the manufacturing sector's fragile recovery, surveys showed. The ...

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INDIAN CORPORATE

Wipro clinches $1-billion Olam deal for agri-tech pivot

Wipro Ltd. has agreed to acquire the technology services arm of Singapore-based Olam Group Ltd. for $375 million, anchoring a massive eight-year transformation contract worth more than $1 billion....

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HDFC Bank deposits grow 14.4%, outpace AUM growth

Deposits for India's largest private sector lender HDFC Bank grew 14.4% year-on-year, outpacing a 10.2% expansion in assets under management (AUM), bucking the industry trend. The bank on Saturday said its AUM grew to Rs 30.58 ...

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Amul brand turnover rises 11% to over Rs 1 lakh crore in FY26 on better demand

Dairy major Amul on Sunday said its total turnover rose 11 per cent in the last fiscal year to cross the Rs 1 lakh crore milestone on better demand for dairy products. In a statement, the Gujarat Cooperative Milk Marketing Fede...

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Why is Dunkin Donut exiting India? Jubilant FoodWorks to end franchise by 2026 after years of weak performance

Jubilant FoodWorks Limited (JFL), India’s largest food services company, has decided not to renew its franchise agreement with American coffee-and-donut chain Dunkin,’ This will bring an end to Dunkin’s 15-year journey in India, w...

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Nykaa Q4 Update: Revenue growth hits 12-quarter high; fashion segment leads the charge

FSN E-Commerce Ventures, which operates Nykaa, reported a strong March quarter performance, with consolidated net revenue growth expected in the late twenties, marking its highest growth in the past 12 quarters, according to an ex...

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