Economy

India's Gulf oil imports surpass Russia for first time since Iran war

Crude shipments reaching India through the crucial West Asia chokepoint have climbed to 2.1 million barrels a day so far this month, surpassing Russian imports of 1.8 million barrels a day

India should join AI play, not ride anti-AI wave: Citi's Raghavan

India must embrace AI to remain competitive, while leveraging overseas acquisition opportunities and strengthening its investment proposition to attract global capital, says Citi's Viswas Raghavan

Datanomics: Mining & quarrying output fell despite rare-earth boost

Mining and quarrying output remained weak in H1 FY27, with fuel and non-metallic minerals driving the decline

Rupee outperforms most Asian peers as foreign inflows boost sentiment

Rupee strengthens to a seven-month high, supported by foreign portfolio inflows and positive market sentiment despite a stronger US dollar

Odisha scraps pension quota system, adds over 500,000 beneficiaries

The state government has abolished the quota-based pension system, expanding coverage under the Madhu Babu Pension Yojana to 4.18 million beneficiaries with an additional ₹625 crore annually.

Net direct tax collections rise 11.8% to ₹14.42 trillion as of November 10

Gross direct tax receipts rise 14% to ₹17.50 trillion, while refunds jump 25.9%; net collections reach 53.5% of FY27 Budget target, with corporate taxes leading growth

Odisha signs pact with Japan's Tottori to boost investment, technology ties

Agreement seeks to strengthen investment, startup and technology partnerships, skill development and overseas employment as an 80-member Japanese delegation visits Odisha

Cabinet clears ₹2,390 crore Noida Metro Aqua Line expansion over 8.5 km

The 8.5-km extension from Noida Sector 51 to Greater Noida Sector 4 will add five stations and connect commercial hubs, offices, hospitals and residential areas over four years

Govt extends Stand-Up India scheme till 2031, approves ₹4,111 cr corpus

Union Cabinet approves five-year extension of Stand-Up India scheme with ₹4,111 crore credit guarantee corpus, targeting financial assistance to 250,000 additional entrepreneurs

Ideas of 1991 reforms started emerging by the late 1970s: Nitin Desai

Nitin Desai says India's reform ideas predated 1991, but the bigger challenge now is boosting manufacturing and new businesses to create jobs and move workers out of agriculture

Moody's retains India's FY27 growth forecast at 7% on resilient demand

Rating agency cites robust consumption, improving private investment and resilience to the energy shock, but flags inflation, monsoon risks and tighter monetary policy

Andhra Pradesh targets ₹10 trillion investment commitments at CII summit

Andhra Pradesh expects investment commitments worth ₹10 trillion at the two-day CII Partnership Summit in Visakhapatnam, bringing together investors and delegates from 58 countries

Cabinet approves ₹62,370 crore fertiliser subsidy for Rabi 2026-27 season

The government said the move would ensure the availability of fertilisers to farmers at subsidised and affordable prices.

Moody's raises India's FY27 growth forecast to 7% on broad-based momentum

Robust consumption, improving investment dynamics and strong macroeconomic fundamentals imply that the economy appears well positioned to sustain growth near 7% over the medium term

Customs holds Pernod, Diageo Scotch shipments in dispute over 150% tariff

Customs investigators have ordered ‌the higher tariff on the shipments arguing that bulk Scotch concentrates used to make whisky brands are not eligible for the pact's reduced 75% duty

Centre bans export of battery waste, including lithium-ion black mass

The DGFT has changed the export policy for specified battery waste and scrap under ITC (HS) code 85491400 from 'Free' to 'Prohibited', with immediate effect.

India's wealthy pivot to real estate as stock market returns cool off

Wealthy Indians are increasing allocations to real estate, infrastructure and other income-generating assets, with at least six new funds seeking to raise more than $1.25 billion this year

Profit bonanza for govt OMCs in Q2 FY27 despite crude oil turmoil

Earnings hit a 13-qtr high on improved refining margins, lower excise payout

Govt targets ₹6,000 crore in FY27 from sale of MTNL's land assets

Five properties owned by MTNL in Mumbai, valued at about ₹4,000 crore, have already received approval from the alternative mechanism

Urban youth unemployment hits six-quarter high in Q2; Kerala tops states

The urban youth unemployment rate rose to 18.9 per cent in Q2FY27, while the overall jobless rate fell to 5.1 per cent; Kerala recorded the highest unemployment among states