Economy

India, Canada sign $1.9 bn uranium pact to strengthen energy cooperation

India has signed a $1.9 billion uranium supply deal with Canada's Cameco for deliveries from 2027 to 2035, part of a wider strategic energy partnership spanning renewables and fuels

India's industrial output falls to 4.8% in Jan against 7.8% in Dec 2025

January's industrial output growth was pulled down by subdued performance in the mining and manufacturing sectors, the data showed

India, Canada sign uranium deal, vow to finalise economic partnership soon

Govt has made a record $130 bn allocation for infrastructure development in Budget, PM Narendra Modi said at the India-Canada CEO forum

EPFO fixes 8.25% interest rate on employees' PF deposits for 2025-26

In February last year, the retirement fund body retained the 8.25 per cent rate of interest for FY2024-25

West Asia crisis: Oil rises 9% after Iran war disrupts key shipping routes

Oil jumps up to 13% after Iranian attacks disrupt shipping through the Strait of Hormuz, raising fears of inflation and higher US gasoline prices

Escalating West Asia crisis threatens Asia's commodity importers: Moody's

Higher commodity prices would raise consumer and producer inflation, potentially forcing central banks to pause their easing cycles or even raise policy rates, it said

Manufacturing PMI climbs to four-month high in Feb, rises to 56.9

However, the latest figure was significantly lower than the Flash India Manufacturing PMI of 57.5, released last month

RBI likely selling dollars to support rupee amid West Asia crisis: Traders

The ‌traders noted that the central bank's dollar sales via state-run banks were not aggressive, and were likely intended to limit volatility

India's manufacturing PMI hits four-month high in February, rises to 56.9

The overall result suggests India's economy ‌is expected to remain resilient this quarter after posting 7.8 per cent growth in October-December

Democratising AI revolution: GCCs, tax certainty to power India's rise

India's AI ambitions hinge on strong GCC growth and tax certainty through safe harbour rules and APAs, enabling innovation, investment and equitable digital transformation

West Asia crisis: Govt to meet exporters, shipping firms on Monday

With tensions escalating in West Asia, the government is assessing possible disruptions to shipping routes and logistics as exporters warn of rising costs and wider trade risks

India faces oil shock as Iran war intensifies and supply risks grow

US and Israeli strikes that killed Ayatollah Ali Khamenei have deepened open conflict with Iran and rattled West Asia, disrupting sea routes via Strait of Hormuz, fuelling oil price spike

Economists project FY27 growth to be over 7% in the new GDP series

Economists expect India's FY27 growth to exceed 7 per cent under the new GDP series, supported by capex push and consumption, though trade tensions and El Nino risks loom

Net GST revenue collection up 7.9% at ₹1.61 trillion in February

In absolute numbers, the net GST revenue is the third highest in the last six months after January at ₹1.70 trn and October at ₹1.69 trn

Modi-Carney meet on Monday to see launch of free trade agreement talks

Signing of 10-year uranium supply pact also on agenda

Visible signs of pickup in private investment cycle: Shaktikanta Das

Das highlighted that India is now witnessing a rapid transformation fuelled by the so-called 'triple threat' of progress: innovation, disruption and the birth of entirely new business models

Iran war likely to hit India's three-pronged fuel reliance as tensions rise

Timing of the new US-Israel bombing of Iran and Tehran's response couldn't be worse for India

GST mop-up rises 8.1% to ₹1.83 trn in Feb on stronger import revenues

Gross domestic revenue rose 5.3 per cent to about Rs 1.36 trillion, while gross import revenue climbed 17.2 per cent to Rs 47,837 crore

Iran crisis may trigger oil price volatility and macro risks for India

Even in the absence of physical shortages, landed crude costs for Indian refiners would move higher

Russian imports set to hit 4-year low amid tariff chaos, refinery shutdown

Four years after Russia's invasion of Ukraine, Western measures to restrict Russian crude oil flows are beginning to have a real impact as the Trump administration steps up pressure on India