May 10, 2026

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RBI

6
May

RBI/2026-27/54 (Delhi)
Reserve Bank of India (Local Area Banks – Responsible Business Conduct) Amendment Directions, 2026

6
May

RBI/2026-27/55 (Delhi)
Reserve Bank of India (Local Area Banks – Credit Risk Management) Second Amendment Directions, 2026

6
May

RBI/2026-27/56 (Delhi)
Reserve Bank of India (Urban Cooperative Banks – Resolution of Stressed Assets) Second Amendment Directions, 2026

6
May

RBI/2026-27/57 (Delhi)
Reserve Bank of India (Urban Cooperative Banks – Income Recognition, Asset Classification and Provisioning) Amendment Directions, 2026

6
May

RBI/2026-27/58 (Delhi)
Reserve Bank of India (Urban Cooperative Banks – Responsible Business Conduct) Amendment Directions, 2026

6
May

RBI/2026-27/59 (Delhi)
Reserve Bank of India (Urban Cooperative Banks – Credit Risk Management) Second Amendment Directions, 2026

6
May

RBI/2026-27/52 (Delhi)
Reserve Bank of India (Local Area Banks – Resolution of Stressed Assets) Amendment Directions, 2026

6
May

RBI/2026-27/53 (Delhi)
Reserve Bank of India (Local Area Banks – Income Recognition, Asset Classification and Provisioning) Amendment Directions, 2026

6
May

RBI/2026-27/46 (Delhi)
Reserve Bank of India (Commercial Banks – Responsible Business Conduct) Amendment Directions, 2026

6
May

RBI/2026-27/47 (Delhi)
Reserve Bank of India (Commercial Banks – Credit Risk Management) Third Amendment Directions, 2026

6
May

RBI/2026-27/48 (Delhi)
Reserve Bank of India (Small Finance Banks – Resolution of Stressed Assets) Amendment Directions, 2026

6
May

RBI/2026-27/50 (Delhi)
Reserve Bank of India (Small Finance Banks – Responsible Business Conduct) Amendment Directions, 2026

6
May

RBI/2026-27/51 (Delhi)
Reserve Bank of India (Small Finance Banks – Credit Risk Management) Second Amendment Directions, 2026

6
May

RBI/2026-27/49 (Delhi)
Reserve Bank of India (Small Finance Banks – Income Recognition, Asset Classification and Provisioning) Amendment Directions, 2026

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INDIAN ECONOMY

Middle East tensions: Government says fuel supply, prices stable despite global oil market turmoil

The Centre on Friday said India has managed to maintain stable fuel supplies and uninterrupted maritime operations despite the ongoing Middle East crisis, which has sharply disrupted global energy markets and shipping routes through the Strait of Hormuz. During an inter-ministerial media briefing, the gove...

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Haryana leads informal job growth, Gujarat sees sharp contraction in 2025

Among major states employing more than 2 million workers, unincorporated non-agricultural employment in Haryana grew at the fastest pace in 2025, while Gujarat saw the sharpest contraction, according to an analysis based on the Annual Survey of Unincorporated Sector Enterprises (ASUSE) for 2023-24 (October 20...

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Manufacturing retains growth pace in Q4 despite cost pressures: Ficci

India's manufacturing sector maintained positive growth momentum in the fourth quarter of FY26, supported by strong domestic demand despite rising input costs and geopolitical uncertainties, a survey by the Federation of Indian Chambers of Commerce and Industry (Ficci) said. About 93% of respondents report...

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Bengal’s return may lift Centre’s job-guarantee, other welfare spendings

The Centre’s spending on welfare schemes, particularly the job guarantee programme, could rise with the likely resumption of the scheme in West Bengal. West Bengal lost nearly Rs 30,000 crore in Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) funds between FY23 and FY26 after the Centre...

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India may go slow on the trade pact with US

With the Trump Administration’s aggressive tariff policy suffering judicial setbacks for the second time since February, New Delhi may slow down on a bilateral trade agreement (BTA) with the US. A U.S. Court of International Trade in a 2-1 decision Thursday held that Trump’s latest 10% temporary global ta...

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Going-out economy: No longer a one-man show

For years, booking a movie or concert ticket online in India meant one thing: opening BookMyShow. But the curtains are now rising on a far more crowded second act. The country’s fast-expanding “going-out economy”—movies, concerts, cricket, dining and live experiences—is turning into the latest battleground...

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India absorbs global oil shock; OMC under-recoveries swell to Rs 30,000 crore monthly

India’s state-run oil marketing companies (OMCs) are incurring under-recoveries of around Rs 30,000 crore every month — or nearly 1,000 crore a day — as petrol, diesel and LPG prices remain frozen despite crude oil surging to around $120 per barrel amid the West Asia conflict and disruption in the strait of h...

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MARKET & FINANCE

India forex reserves drop $7.8 bn; rupee weakens to 94.47 against the dollar

India's foreign exchange reserves declined $7.794 billion in the week ending May 1 to $690.693 billion, according to data released by Reserve Bank of India Friday, which saw the local currency closing 25 paise lower at 94.47 against the dollar. This is the second straight weekly fall in the forex stockpile...

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India 10-year bond logs month's worst drop on auction rout, war jitters

India's benchmark government bond fell the most in a month on Friday, as traders cut holdings to absorb new 10-year note supply and avoided taking on risk ahead of the weekend as U.S-Iran clashes continued. U.S. and Iranian forces continued fighting in the Gulf, but President Donald Trump said a ceasefire ...

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India leads in global remittance inflows as overseas workforce and student migration grow

India remained the world’s largest recipient of remittances in 2024 with inflows reaching $138 billion, according to the World Migration Report 2026 released by the International Organization for Migration. The report said India was the only country to cross the $100-billion remittance mark, highlighting the...

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Citi downgrades India to 'Underweight' amid earnings and geopolitical risks

Citi downgraded India to underweight, citing continued macroeconomic and geopolitical headwinds along with relatively weak earnings. The brokerage set a target of 27,000 on the Nifty, implying an upside of 11.7% above Friday's closing of 24,176. "India has scored poorly in our model for some time, though m...

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GLOBAL CORPORATE

The companies making billions from the Iran war

As households across the globe count the costs of the US-Israel war in Iran, some companies have been counting bumper profits instead. The uncertainty sparked by the conflict, and Iran's effective closure of the Strait of Hormuz, is driving up the cost of living and hitting the budgets of firms, families a...

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What will it take to free 1,600 stranded ships from Hormuz deep waters?

For thousands of sailors stranded on nearly 1,600 ships in the Strait of Hormuz, “Project Freedom” turned out to be more of a pit stop than passage. US President Donald Trump’s much-talked-about plan to help commercial vessels cross one of the world’s most dangerous waterways lasted just 48 hours, with only t...

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US Container Imports Fell 5.5% in April on Trade and Geopolitical Risks, Descartes Says

U.S. container imports dropped 5.5% in April as importers contend with trade policy uncertainty and geopolitical risks, supply chain technology provider Descartes Systems Group said on Friday. Containerized import volumes have been hit by U.S. President Donald Trump's shifting trade policies and Iran's clo...

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Apple, Intel have reached preliminary chip-making deal: Report

Intel has reached a preliminary deal with Apple to make some of the chips that power the iPhone maker's devices, the Wall Street Journal reported on Friday, in a major boost for the chipmaker's bid to revive its manufacturing business. The companies were engaged in intensive talks for more than a year and th...

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INCOME TAX

Bank balance disclosure made mandatory in ITR-4 for AY 2026-27

The Central Board of Direct Taxes (CBDT) has said a major compliance change is mandatory disclosure of bank balances under the revised income tax return forms for taxpayers filing ITR-4 for Assessment Year (AY) 2026-27. The government has been gradually increasing the disclosure requirements in ITR forms to b...

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Flag AIS errors on e-filing portal but don’t miss deadline for filing ITR

A mismatch between the annual information statement (AIS) and income tax return (ITR) can trigger automated alerts, as the income tax department has enhanced its data analytics and risk assessment systems. Taxpayers must verify all information and correct any discrepancy in AIS before filing their ITR. The...

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GLOBAL ECONOMY

Canada's Unemployment Rate Rises to Six-Month High as Full-Time Jobs Drop

Canada's unemployment rate rose to a six-month high in April to 6.9% as the economy lost a net 17,700 jobs, Statistics Canada data showed on Friday, indicating continued weakness in a labor market that has struggled in the face of...

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US Consumer Sentiment Hits Record Low in Early May

U.S. consumer sentiment slumped to a record low in early May as higher gasoline prices weighed on household finances and purchasing power, a survey showed on Friday. The University of Michigan's Surveys of Consumers said its Co...

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Colombia Economy Set for First Quarter Slowdown, With 2.2% Growth

Colombia's economy likely slowed its growth rate during the first quarter of the year, amid uneven performance across different sectors, showed a Reuters poll on Friday. It also indicated deteriorating expectations for growth in 2...

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Colombia 12-Month Inflation Edges up in April

Colombia's consumer prices rose 0.78% in the fourth month of 2026, the country's DANE statistics agency said on Friday, taking cumulative 12-month price growth to 5.68%. April's inflation data was a touch above the 0.73% expect...

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IMF Projects $2.5 Billion in 2026 Net Income Despite High Uncertainty

The International Monetary Fund said on Friday its board expects net income of about $2.5 billion in the 2026 financial year, following the annual review of its income position for the year ended April 30. "Projections of the F...

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China April Exports Rebound Strongly After Sluggish March, Trade Surplus Widens

China's export growth gathered pace in April as factories raced to meet a wave of overseas orders from buyers seeking to stockpile components amid fears the Iran war could push global input costs even higher. Exports expanded 1...

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US job growth beats expectations in April; unemployment rate steady at 4.3%

U.S. employment increased more than expected in April while the unemployment rate held steady at 4.3%, pointing to labor market resilience and reinforcing expectations that the Federal Reserve would leave interest rates unchanged ...

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IMF board clears Pakistan to access $1.32 billion

The International Monetary Fund said on Friday that its board had completed reviews of some of its agreements with Pakistan, clearing the way for the South Asian nation to access about $1.32 billion in fresh funding immediately. ...

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INDIAN CORPORATE

Hyundai Motor India lines up Rs 7,500 cr capex for FY27; eyes to reclaim no 2 spot

Hyundai Motor India Ltd on Friday said it has lined up Rs 7,500 crore capex for FY27 and slated two new models, including a mass segment electric SUV, for launch this year, as it seeks to regain the number two position in the dome...

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Vodafone said to weigh move to transfer part of India unit stake to strengthen Vi balance sheet

Vodafone Group Plc is working on a proposal to shore up the capital of its listed Indian affiliate, as the venture seeks to turn over a new leaf after the Indian government cut a bill for outstanding spectrum fees, people with kno...

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Swiggy Q4 FY26 results: Net loss narrows to Rs 800 crore, Revenue surges 45%

Quick commerce major Swiggy’s net loss narrowed to Rs 800 crore in the March quarter of FY26. The company had posted losses of Rs 1,081 crore in Q4 FY25 and Rs 1,065 crore in Q3 FY26. Further, Swiggy’s revenue from operations g...

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Google explores investments in India across AI infrastructure, manufacturing of servers & drones

Tech giant Google is exploring investments in India across AI infrastructure and the manufacturing of servers and drones, Electronics and Information Technology Minister Ashwini Vaishnaw said after discussions with Google executiv...

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Bank of Baroda Q4FY26 profit rises 11%, NII up 8.7%; board announces Rs 8.50 dividend

Bank of Baroda posted a 11% year-on-year rise in its standalone net profit at Rs 5,615 crore against Rs 5,047 crore reported in the year-ago quarter. On a sequential basis too its net profit rose 11% from Rs 5,054 crore reported i...

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Hyundai Q4 profit falls 22.2% to Rs 1,255.6 crore amid margin pressure

Hyundai Motor India Ltd. reported a 22.2% year-on-year (YoY) decline in consolidated net profit for Q4FY26 at Rs 1,255.6 crore, compared with Rs 1,614.3 crore in the same quarter last year. The result also missed Bloomberg’s estim...

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SBI Q4 results: Credit growth hits 17.2% as SME engine fires, but treasury losses curb profit gains

The March 2026 quarter results of government-controlled State Bank of India (SBI) were keenly awaited by investors on Dalal Street in a bid to understand the impact of the ‘soft’ interest rate environment on the various parameters...

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