Economy

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

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

Bond yields fall nearly 10 bps as crude slides, rupee gains against dollar

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

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

Datanomics: CD ratio of banks in three southern states stays 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

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

Companies pessimistic about economy, bullish on business: IMA India survey

IMA India's Q3FY27 survey shows business confidence falling as economic sentiment weakens, even as companies grow more optimistic about profitability, investment and hiring

More women at work in India, but on worse terms, says Icrier study

An Icrier study finds that India's women workforce nearly doubled between 2017-18 and 2025, but gains were concentrated in insecure jobs, with shorter hours and a wider pay gap

RBI's net short dollar forward position hits record $239.2 bn in September

RBI's net short dollar forward position rose from $200.06 billion in August to $239.2 billion in September, driven by FCNR(B) swaps, as forward premiums climbed sharply in October

Quanshium AI Core develops indigenous quantum-secure drone technology

Odisha-based start-up Quanshium AI Core has tested a quantum-secure drone communication link over 10 km using indigenous QRNG and post-quantum encryption technologies

Odisha eyes semiconductor push with five projects worth over $4.7 billion

The state aims to build a semiconductor and advanced electronics ecosystem, with projects spanning chip fabrication and 3D packaging, alongside investments in AI infrastructure

Gross GST collections rise 23% to ₹2.31 trillion in October on strong sales

Gross GST collections from domestic sales rose 16 per cent to over ₹1.59 trillion, and revenues from imports climbed 42 per cent to ₹72,246 crore