Economy News
Indian Shares Set for Higher Opening
Strong corporate earnings and expectations of a potential tax review support market sentiment, while rising crude oil prices and global market weakness threaten to limit gains.
India Extends Export Relief Scheme to 2027
The government extends support for eligible exporters until March 31, 2027, with 95% risk coverage under a scheme addressing West Asian shipping disruptions.
RBI Opens Cybersecurity Institute In Bhubaneswar
The new Data Centre and Cybersecurity Training Institute aim to strengthen banking infrastructure, digital resilience and expertise against emerging cyber threats.
India Post Revenue Crosses ₹4,000 Crore Again
India Post recorded ₹4,202 crore in second-quarter revenue, with parcel services leading growth and first-half revenue rising 24 per cent year-on-year.
India Business Growth Hits Four-Month High
Stronger orders and services activity lifted private-sector growth in October, while hiring nearly stalled and inflationary pressures eased.
Rupee Gains As Trade Deal Hopes Rise
The Indian currency strengthened to ₹94.45 per dollar on October 21, supported by India-US trade optimism and RBI measures, while elevated oil prices limited gains.
Oil Surge Deepens Indian Market Selloff
The Sensex and Nifty fell as crude prices above $110 a barrel heightened inflation concerns and uncertainty over interest rates.
Rubio Says India-US Trade Deal Nears Finalisation
After talks with S Jaishankar in Mumbai, the US secretary of state says only a few issues remain before an agreement can be concluded.
India-New Zealand FTA Opens Zero-Duty Trade
The agreement removes tariffs on Indian exports to New Zealand and expands opportunities for manufacturers, service providers and skilled professionals.
China Economy Grows 4.5% on Strong Exports
Export growth supports the world's second-largest economy, but weak domestic demand and mounting trade tensions remain key challenges.
India-New Zealand FTA Starts October 20
The trade pact will provide duty-free access for all Indian exports to New Zealand, with provisions for investment, services and skilled-worker mobility.
India’s Exports Surge Across Key Markets
Africa and ASEAN lead regional growth as Indian merchandise exports expand across destinations and selected industrial product categories.
AI-Linked Stocks Shine Amid Market Slump
Indian companies supplying fibre networks, data centres and power infrastructure rally as investors seek indirect exposure to the global artificial intelligence boom.
IT Stocks Lift Indian Shares Despite Rate Fears
Indian benchmarks open higher as technology stocks gain, even as hotter US inflation raises expectations of further Federal Reserve rate hikes and foreign investor outflows persist.
IDBI Bank Stake Sold for ₹52,878 Crore
The Cabinet approves Fairfax's bid for a 60.72% stake in IDBI Bank, while the government and LIC will retain minority holdings pending regulatory clearance.
Fairfax Wins Approval for IDBI Bank Stake
The Cabinet approves a ₹52,878-crore bid for a 60.72% stake in IDBI Bank, marking a major step in the bank's strategic sale.
Retail Inflation Rises to 5.54% in September
Food inflation climbs to 7.74% as rising vegetable prices push up household costs, with rural inflation outpacing urban price pressures.
India Reviews China's Services Trade Barriers
New Delhi seeks industry feedback on licensing, data rules and visa restrictions as it examines opportunities to expand Indian services exports to China.
IMF Warns of Rising Global Market Risks
The fund flags a potential AI-driven market correction, rising sovereign borrowing costs and cyberattacks as threats to financial stability.
Crude Oil Falls as Russian Supply Outlook Improves
Crude oil prices declined on October 13 as traders weighed the possibility of additional Russian diesel supplies against renewed supply risks following attacks on Saudi Arabia and concerns over Gulf shipping routes.
Gold Slips as Dollar Strengthens Ahead of US Inflation Data
Bullion edges lower as investors assess the dollar's strength and await US inflation readings that could influence the Federal Reserve's interest-rate path.
Indian Shares Rise as IT Stocks Lift Markets
Indian equities advanced on October 13, supported by strong IT earnings and RBI measures to support the rupee, while rising inflation and elevated crude oil prices continued to raise concerns about further interest rate hikes.
India Inflation Hits 5.54%, Raising Rate Hike Concerns
Retail inflation accelerated in September as food prices climbed and weak monsoon conditions and higher energy costs added pressure, strengthening expectations of further RBI interest rate increases.
Rupee Extends Recovery as RBI Tightens Forex Rules
The Indian currency is expected to strengthen further after the Reserve Bank of India expanded foreign-exchange hedging requirements and tightened rules for non-deliverable rupee derivatives.
RBI Moves to Tighten Banking System Liquidity
The central bank plans ₹25,000 crore in bond sales and tighter daily cash reserve requirements as it withdraws surplus funds from banks.
RBI Raises Repo Rate to 5.5%
The MPC raised the benchmark rate by 25 basis points and shifted to calibrated tightening as inflation risks broadened despite resilient economic growth.
UPI Charges Could Change India’s Payment Math
The debate over merchant discount rates goes beyond recovering UPI’s operating costs to the wider economic benefits created by digital payments.
Mohan Yadav Flags Ladli Behna Cost
The Madhya Pradesh Chief Minister called the flagship women’s welfare scheme a costly financial commitment while saying support for beneficiaries would continue.
UPI Changed How India Pays
The shift from cash to instant digital payments has become a habit, making convenience a powerful force in India’s changing payment behaviour.
India Raises Deepwater Gas Price Ceiling
The revised ceiling rises to $9.89 per MMBtu for difficult-field gas through March 2027, while legacy gas remains capped at $7.
India's Forex Reserves Fall $18.34 Billion
Foreign exchange reserves declined to $747.56 billion in the week ended September 25, marking a third consecutive weekly fall amid pressure on the rupee.
Modi Pays Tribute to Gandhi, Promotes Swadeshi
On Gandhi Jayanti, the Prime Minister urges citizens to buy at least one Khadi product and take pride in Swadeshi.
Modi Pays Tribute to Gandhi, Promotes Swadeshi
On Gandhi Jayanti, the Prime Minister urges citizens to buy at least one Khadi product and take pride in Swadeshi.
India-US Trade Deal Talks Near Final Stage
US Trade Representative Jamieson Greer says both sides are working through unresolved issues, while another call between Prime Minister Narendra Modi and President Donald Trump may follow soon.
India's September GST Collection Rises 14.7%
Gross Goods and Services Tax revenue reaches ₹2.04 lakh crore, supported by growth in domestic collections and import-related taxes.
India Cuts Windfall Tax on Fuel Exports
Export duties on diesel and aviation turbine fuel fall from October 1, while the petrol export levy remains unchanged.
Cabinet Approves ₹1.86 Lakh Crore Green Energy Plan
The PM-DHARA programme will strengthen intra-state transmission networks and deploy 50 GWh of battery storage to support evacuation of up to 135 GW of renewable power.
October Brings Major Financial Rule Changes
Banking, LPG, UPI, tax, NPS and monetary-policy developments are set to affect consumers and taxpayers during October 2026.
Pulses Prices Rise Up to 11%
Wholesale prices of chana, moong, tur and matar have climbed sharply as festive demand, moisture stress and supply concerns tighten the market.
Indian Rupee Breaches 96 Per Dollar on Oil Worries
The rupee touched a two-month low as elevated crude prices and foreign portfolio outflows increased pressure on India's currency.
Global Diesel Squeeze Puts Pressure on Indian Fuel Retailers
Disruptions to West Asian and Russian diesel supplies have tightened the global market, while Indian industrial buyers are increasingly turning to retail fuel outlets.
Rupee Falls Past 96 Per Dollar
The Indian currency touched a two-month low as rising oil prices and concerns over Middle East supply disruptions intensified pressure on the energy-importing economy.
Moneyview IPO Closes With Strong Demand
The ₹1,092 crore IPO received bids for 2,289.52 crore shares, resulting in 98.46-fold overall subscription at the close of bidding.
Income Tax Department Shares Foreign Asset Details, Nudges Taxpayers to Disclose
The Income Tax Department has begun sending emails and messages containing specific overseas asset information to taxpayers, encouraging voluntary disclosure under the FAST-DS 2026 scheme before the December 31 deadline.
Indian Rupee, Bonds Face Pressure as Oil Prices Stay Elevated
Elevated crude oil prices, multi-year highs in global bond yields and growing expectations of an RBI rate hike are expected to keep the rupee and Indian government bonds under pressure during the holiday-shortened week.
India Orders 112 Captive Coal Plants to Maximise Power Output
The Power Ministry has directed captive coal-fired plants of at least 50 MW capacity to maximise generation from October 1 through December 31 as electricity demand rises and fuel stocks remain critically low at many plants.
India’s Net FDI Surges to Five-Year High of $7.35 Billion
Net foreign direct investment jumped 64% year-on-year in July, while gross FDI reached $14.58 billion as communication, financial and computer services attracted the bulk of equity inflows.
AIIB Plans Bigger India Water Financing Push
The multilateral lender is looking to expand funding for water infrastructure and policy reforms as India faces a 15% monsoon rainfall deficit and its driest monsoon in 17 years.
RBI Actions Cut Banking Liquidity Surplus by 55%
Bond sales, foreign-exchange operations and rupee-support measures have helped reduce India’s banking-system cash surplus to ₹4.92 trillion from a record ₹11.16 trillion in about two weeks.