Economy

Domestic refiners shun costly Russian oil as West Asia flows recover

Surging prices for Russia's flagship Urals crude loaded in the Baltic, a mainstay for Indian refiners, are driving the pullback

India's dealmaking broadens: 255 M&As worth $13.2 bn in Q3 of 2026

Deal volumes rose 7% from the previous quarter, while deal values fell 53% from $27.9 billion in Q2

India, 13 nations call for global action to curb excess industrial capacity

The countries said structural excess capacity and non-market policies distort markets, hurt domestic industries and widen supply-demand imbalances

Households turn wary on prices as consumer confidence slips: RBI surveys

The RBI's latest surveys show a widening gap between household price concerns and economic confidence, even as spending intentions remain resilient across urban and rural India

India inflation likely rose to 5.4% in Sep on food, energy costs: Poll

Consumer inflation is expected to have risen to 5.4% in September from 4.82% in August, as higher food and crude oil prices add to inflationary pressures

Govt bond yields near three-year high after RBI's hawkish policy shift

The benchmark 10-year government bond yield rises to 7.24 per cent as the RBI shifts to withdrawal of accommodation, with foreign outflows and oil prices adding pressure

Rate hike to widen banks' margins as EBLR-linked loans reprice faster

Deposit rates may rise with a lag, credit demand seen holding up

CPSEs achieve 51% of FY27 capital expenditure target in first half

Spending led by Railways and NHAI rises 12% YoY in April-September, though September outlays slide 17%

Job-seeking, working grads' share in labour market at 5-yr low in Sep

India's graduate labour participation rate fell to a five-year low in September as the educated population grew faster than employment, while fewer graduates actively sought jobs

Datanomics: Tax collections dip in August as direct tax receipts fall

Central tax collections rose 6.5% in April-August, trailing the 9% FY27 Budget target, as major tax receipts declined sharply in August.

GST Council to take up far reaching compliance reforms at Thursday meeting

The GST Council is expected to consider simpler compliance, faster refunds and changes to prosecution and arrest rules, with no major rate changes likely at the meeting

'India-US trade breakthrough unlikely soon; narrow interim deal possible'

BMI says market access, agriculture and Russian oil remain obstacles to an India-US deal, with a narrow pact likely to offer modest gains and ease policy uncertainty

Govt unveils 2026-30 roadmap to measure value of India's natural wealth

Mospi's 2026-2030 strategy prioritises forests, water, minerals and pollination services, aiming to improve environmental accounts and their relevance to policymaking

RBI may hike interest rate further in December policy, say experts

The RBI's shift to a calibrated tightening stance and a 25-basis-point repo rate hike to 5.5 per cent have led economists to expect another increase of up to 50 basis points in December

Reliance drives India's Venezuela oil imports to seven-year high in Oct

Venezuelan crude deliveries to India are expected to more than double to about 465,000 barrels a day this month, from 196,000 in September, according to Kpler estimate

FX reserves fall for fourth week, down $50 billion from September peak

The reserves have dropped from their recent peak of $785.71 billion on September 4, a decline of about $50 billion in less than a ‌month

Inflation trajectory holds key for further rate hikes: Aditi Nayar, ICRA

Our base case pencils in the headline CPI inflation to average at 5 per cent in FY27, with risks tilted to the upside.

Digital credit push for micro firms as govt asks banks to step up lending

Banks have been asked to strengthen end-to-end digital lending and widen access to UPI credit lines as the government pushes deeper financial inclusion

Monetary Policy shifts gear, lays emphasis on containing supply-side shocks

The Governor acknowledged that price pressures are increasingly extending beyond food and fuel.

Piyush Goyal invites US firms to explore investment opportunities in India

He met President and COO of Blackstone Jonathan Gray, and Chairman of Blackstone's International Private Equity business Prakash Melwani