INDIAN ECONOMY
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Consumer price index (CPI) or retail inflation is likely to undershoot the Reserve Bank's target in the January-March 2025 quarter, opening more policy space for easing the policy rate, Bank of Baroda said.
India's retail inflation significantly improved in February 2025, as the year-on-year Consumer Price I...
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Retail inflation in India fell to 3.6% in February, marking a seven-month low, according to data released by the National Statistical Office (NSO) on Wednesday. The decline was led by a sharp fall in food prices, raising expectations of a possible interest rate cut by the Reserve Bank of India (RBI) in April....
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We are now living in an age of great global disorder. Trump's US has dismantled the old order that had governed global politics since World War 2, and global economics since the early 1980s. Just as India was getting ready to join the party, it seems over.
The big economic story, post-pandemic and before T...
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Every week, the Trump administration is asking India for a fresh set of concessions, based on a new set of accusatory logic. If you look sequentially at this journey over the last few months, a pattern emerges: (partial) fulfilment of one set of issues leads to another set being put on the table.
Initially...
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India will be the world's third-largest economy by 2028 as it becomes the world's most sought-after consumer market and gains share in global output, driven by macro stability influenced policy and better infrastructure, Morgan Stanley said.
From a $3.5 trillion economy in 2023, the Indian economy is proj...
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Amid Donald Trump’s tariff threats, Commerce Minister Piyush Goyal recently held a “forward-looking” discussion with US Trade Representative Jamieson Greer, focusing on advancing a mutually beneficial bilateral trade agreement. Goyal emphasised that India’s approach will align with the principles of “India Fi...
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A lower-than-expected retail inflation print for February and the likelihood of inflation aligning closer to the Reserve Bank of India’s (RBI) target of 4% in the coming financial year may prompt the central bank to opt for another 50-basis point cut in the policy repo rate in FY26, an FE poll of 12 economist...
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MARKET & FINANCE
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As US President Donald Trump’s wide-ranging trade war rouses fears of recession, global investors have found an unlikely new sanctuary: Chinese equities. Hong Kong’s benchmark Hang Seng Index — where many major Chinese companies are listed — is up 17 per cent since Trump entered the White House in January.
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Rupee gained for the third consecutive day on Thursday following a pick-up in factory output and corporate inflows as it outperformed most emerging market peers to close the day at 87.01 per US dollar as compared to 87.21 on Wednesday.
The Index of Industrial Production (IIP) grew by 5 per cent in January...
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As many as 57.5 lakh SIPs (systematic investment plans) were closed in the month of February as investor sentiment remained under pressure due to sustained sell-offs in the equity market. The number of new SIPs registered during the month stood at 44.56 lakh, which pushed the SIP closure ratio to 122% for Feb...
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GLOBAL CORPORATE
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SpaceX has urged the U.S. to address trade barriers affecting its Starlink satellite communications service in foreign countries, arguing that competitors from abroad face no import costs in the country.
The Elon Musk-owned company said that it has to pay foreign governments for access to spectrum, import ...
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The US is tightening sanctions on Russia by restricting payments for energy even as it pursues peace negotiations with President Vladimir Putin’s government over the war in Ukraine.
The Trump administration quietly let expire a license covering payments for energy to a handful of Russian banks that were s...
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The United States is suddenly looking less bubbly for European wines.
President Donald Trump on Thursday threatened a 200 per cent tariff on European wine, Champagne and spirits if the European Union goes forward with a planned 50 per cent tariff on American whiskey. Wine sellers and importers said a tarif...
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BMW AG’s carmaking profits will lag well below its long-term targets this year, weighed down by escalating trade tensions between the US and Europe and muted sales in China.
The German manufacturer expects an automaking margin of between 5% and 7% this year, after the measure fell to 6.3% in 2024, the lo...
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Taiwan's Foxconn ,the world's largest contract electronics maker, said on Friday that solid demand from its tech clients would drive strong revenue growth in the first quarter.
The upbeat forecast contrasts with a cautious note struck by many other businesses, rattled by U.S. President Donald Trump's tumu...
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Tesla Inc. is signaling concern over potential retaliatory moves by other countries as a trade war escalates in the wake of President Donald Trump’s moves to impose tariffs on a wide range of imports.
The electric-car maker warned the administration this week that any such actions could drive up manufactu...
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The Indian pharma sector is facing the prospects of closures and consolidation given the tariff hikes proposed by the US, said a note from Rubix Data Sciences. The higher tariffs will increase the production costs and render the locally-made drugs less competitive in the US market as compared to alternatives ...
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Banking
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The joint auditors of the Hinduja Group-promoted IndusInd Bank-MP Chitale & Co and MSKA & Associates-have written to the bank's board requesting a forensic audit of the derivatives portfolio, highly placed sources within the bank who are privy to the discussions told ET.
Following this request, the board h...
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With the use of central bank digital currency (CBDC) remaining low, the Reserve Bank of India (RBI) is now exploring cash transfer schemes by state governments as a means to promote the digital rupee.
To begin with, banks have started transferring funds using CBDC for the Odisha government’s Subhadra schem...
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GLOBAL ECONOMY
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The British public's expectations for inflation in the long run rose in February to their highest level in more than five years, according to a Bank of England survey on Friday that is likely to underscore its cautious approach to...
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Fitch ratings agency said on Friday that it thought South Africa's government would struggle to stabilise debt as projected in this week's revised budget.
"South Africa's 2025 budget, unveiled on 12 March, indicates that the go...
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U.S. consumer sentiment plunged to a nearly 2-1/2-year low in March and inflation expectations soared amid worries that President Donald Trump's sweeping tariffs, which have ignited a trade war, would boost prices and undercut the...
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Optimism was already building among economists on German and euro zone growth in a Reuters poll taken just before key political parties in Germany agreed a historic deal on debt, suggesting bigger revisions to forecasts in coming ...
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Peru's economy likely expanded some 4% in January, the central bank's chief economist, Adrian Armas, said in a call on Friday, in line with analysts' forecasts and a day before the government is set to publish the monthly figure.
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Argentina's monthly inflation rate accelerated to 2.4% in February, in line with analyst estimates, data from the INDEC statistics agency showed on Friday.
This marks an acceleration from the 2.2% recorded in January, as housin...
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Global ratings agency S&P raised Saudi Arabia's rating to 'A+' from 'A' with a stable outlook on Friday, underpinned by the ongoing social and economic transformation in the country.
Fitch said the country's Vision 2030 project...
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Global ratings agency Moody's upgraded Greece's rating to "Baa3" from "Ba1" on Friday, citing quicker-than-expected improvement in public finances and the country's greater resilience to potential future shocks.
"Based on the g...
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Fitch Ratings has affirmed Poland's long-term foreign-currency issuer default rating (IDR) at 'A-' with a stable outlook, the agency said late on Friday.
The agency forecasts average inflation of 4.5% in 2025, and 3.7% in 2026,...
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No country is on track to achieving all of the 17 Sustainable Development Goals (SDGs) by 2030, which include ending poverty and achieving gender equality, a study has found. However, when grouped according to geographical, cultur...
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European territory annexed, democracies stunned into paralysis and Nazi salutes -- Donald Trump's shock re-engagement with Russia looms over a geopolitical landscape that, for many, has dangerous parallels with the rise of fascism...
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The number of Americans filing new applications for unemployment benefits fell last week, but sharp government spending cuts and an escalating trade war threaten labor market stability.
Initial claims for state unemployment be...
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US producer prices were unchanged in February for the first time in seven months, while fewer Americans filed claims for unemployment benefits last week, pointing to a stable economy that should allow the Federal Reserve to keep i...
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China has ordered banks and other financial institutions to encourage more consumer financing and use of credit cards as part of a campaign to get people to spend more.
The order on Friday from the country's financial regulator...
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Trade war turmoil is weighing heavily on financial markets in Canada.
Canada's main stock index has been tumbling along with US indexes since President Donald Trump initiated a trade war with his North American neighbours.
M...
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Maldives is grappling with a severe debt crisis, raising concerns of a potential default similar to Sri Lanka’s financial collapse. Despite implementing austerity measures, the island nation is struggling to manage its fast-deplet...
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INDIAN CORPORATE
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Wipro, India’s fourth-largest IT services player, said it is realigning its global business lines to match clients’ evolving business needs and bank more on emerging technology opportunities such as artificial intelligence (AI), c...
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Baba Ramdev-owned Patanjali Ayurved has expanded its business footprint by acquiring a majority stake in Magma General Insurance. This strategic move marks Patanjali’s entry into the competitive general insurance sector, further d...
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With Vodafone Idea’s active subscriber loss moderating and net addition of data subscribers in December 2024, the struggling telco is likely to retain subscriber market share more effectively, according to analysts.
The telco, ...
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JSW Energy on Thursday said that it has signed a power purchase agreement with West Bengal State Electricity Distribution Company (WBSEDCL) for a greenfield 1,600 MW super/ultra super critical thermal power plant.
Additionall...
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