Economy

BPCL buys 1 million barrels of US WTI crude for delivery in late December

The refiner bought the crude at a ‌premium of about $18 per barrel to the dated Brent contract for discharge at Mumbai

From grains to chicken and milk, India faces prolonged food inflation

Weak monsoon rains threaten winter crop yields, while rising costs and tight supplies are pushing up prices of staples, poultry and dairy products

India tax hike drives illegal gold imports to highest level since 2023

Informal shipments for July to September jumped more than 1,500% to 50 metric tons from 3 tons a year earlier, according to a report from the World Gold Council

Labour Bureau prepares to revise CPI-IW base year, expand coverage

A separate standing tripartite committee, comprising representatives of employers, employees and the government, will also advise on the exercise

10-yr Gsec yield falls 10 bps, rupee gains for 2nd day as oil prices slide

The benchmark 10-year government bond yield fell nearly 10 basis points to 7.32 per cent as crude prices declined, while the rupee strengthened for the second straight session

RE sector may create ₹20 trn investment opportunities by 2030: PM Modi

Speaking at the Bharat Renewable Energy Summit, PM Modi said the sector had attracted over ₹15 trillion in investments in the past decade, underscoring India's clean energy push

Manufacturing PMI dips in October as output, orders see slow growth

HSBC's India Manufacturing PMI fell to 54.7 from 55.1 in September, even as export orders grew at their fastest pace in six months and input cost inflation eased

Skill development, corporate affairs ministries top H1 FY27 underspenders

CGA data shows only 19 of 47 major ministries utilised over 45 per cent of their FY27 allocations in H1, while Railways led spending at 77 per cent and Mines at 75 per cent.

Datanomics: Banks' credit-deposit ratio in 3 southern states above 100%

The credit-deposit ratio of scheduled commercial banks surpassed 80 per cent in FY26. It stayed above 80 per cent till October 15, FY27

India assures commitment to lower Scotch tariffs under UK trade pact

The government has assured liquor companies it will honour tariff concessions under the India-UK trade pact, signalling a possible resolution to the dispute over bulk Scotch imports

IT and ITeS Policy of Uttar Pradesh, 2022: Incentives, eligibility and implementation

The policy is a state incentive and infrastructure framework intended to attract information technology and technology-enabled service operations to Uttar Pradesh

PM Modi to launch Pune Metro projects worth ₹21,800 crore on Tuesday

Prime Minister Narendra Modi will inaugurate Pune Metro's 23-km Pink Line and lay the foundation stone for Phase II corridors, with total project costs of around ₹21,800 crore

India's economic growth is high despite ongoing West Asia crisis: PM Modi

Addressing the Bharat Renewable Energy Summit, Modi said India was among the world's top three countries in the solar and renewable energy sector

UP eyes investments from Asian economies to achieve $1 trillion goal

Uttar Pradesh plans industrial enclaves near the Noida airport to attract investment from Japan, Singapore, South Korea and Taiwan.

India, EU discuss FTA implementation issues ahead of signing in December

The issues were discussed during the visit of Commerce Secretary Rajesh Agarwal to Brussels last week

Manufacturing PMI eases to 54.7 in October despite strong export demand

India's manufacturing activity remained firmly in expansionary territory in Oct, supported by strong export demand, even as output growth moderated and selling price inflation neared a four-year low

Weekly policy watch: Manufacturing, services PMI & forex reserves in focus

India's policy agenda this week will centre on manufacturing and services activity, along with fresh forex reserves data

India's consumers are back, but its stock market is still lagging

Indian stocks have underperformed global markets for more than two years, losing nearly half their value, as foreign capital fled

Net GST collections rise 25.6% to ₹2.03 trillion, fastest growth in FY27

Gross GST mopup too recorded its fastest growth in 2026-27, rising 22.9 per cent annually to Rs 2.31 trillion

Retail e-invoicing pilot likely from April 2027 to improve GST compliance

GST authorities plan to test electronic recording of consumer invoices in select sectors from April 2027, aiming to track retail sales, improve compliance and curb tax evasion