Economy

Brics flags 'unilateral' tariffs, trade barriers as global risks

The reference to unilateral trade and finance-related actions is significant as the US has pursued sweeping tariff measures against trading partners

The word control had become anathema for us in 1991: Sudha Pillai

Pillai tells that the CCI could have done more to curb concentration, and social protection should have featured more prominently in the reforms

India relies on China for core electronic components in 71 product lines

China supplied at least 80 per cent of India's imports across 71 electronics product lines in 2025-26, with dependence concentrated in key upstream components

Datanomics: Threat to $ from Brics distant shot; euro a bigger challenger

Euro gives a challenge to dollar in export invoicing, while the US remains a far bigger player in forex transactions

OMCs' margins to be under pressure with crude above $100 per barrel: Report

Equirus Securities sees HPCL as the most vulnerable among major oil marketers, while BPCL is relatively better placed due to stronger integration and distillate yields

Food prices may have pushed retail inflation to 4.5-5% in August

A Business Standard poll of 11 economists projects August retail inflation at 4.5-5 per cent, driven by higher food prices and a firmer core inflation reading

FM Sitharaman for AI safeguards to keep pace with rapid tech evolution

Finance Minister Nirmala Sitharaman calls for stronger AI safeguards, human oversight and regulatory coordination while warning against emerging systemic risks

India-EU FTA heads to EU Council for approval, signing likely in December

"If authorized by the Council, this will be the largest trade agreement ever concluded by both the EU and India," the European Commission said in a statement

Global packaging majors to invest ₹6,566 crore in Uttar Pradesh units

Ball Corporation, Crown Holdings and Canpack will set up aluminium beverage can units in Meerut and Unnao, strengthening the state's advanced packaging ecosystem

RBI to drain ₹1 trillion through bond sales to tackle surplus cash

The move comes after surplus cash with banks rose to a record high of around 11 trillion rupees following massive inflows under the central bank's recent capital-raising windows.

Rupee falls 5 paise to close at 95.57 against US dollar on Friday

The rupee pared most of its initial losses and settled at 95.57 (provisional) against the USD, down by 5 paise, on Friday, helped by a correction in crude oil prices and suspected RBI intervention

MPC will reassess growth-inflation dynamics at next meeting: RBI Governor

Reserve Bank's Monetary Policy Committee will reassess growth and inflation dynamics at its meeting next month amid rising prices of crude oil due to the ongoing West Asia crisis, Guv Malhotra said

UP Footwear, Leather and Non-Leather Sector Development Policy, 2025: Key incentives, eligibility

The policy took effect from its notification date and is to remain operative for five years, subject to any earlier amendment or cancellation

India's new-age economy to triple to nearly $300 billion by FY31: Redseer

Consumption-led sectors, including consumer goods, retail and leisure, are expected to remain the cornerstone of growth, reaching about $150 billion by FY31 at an annual growth rate of around 25%

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

Food inflation threatens festive cheer as kharif, El Nino risks mount

Food inflation could remain elevated through the festive season as uneven monsoon rains, kharif crop uncertainties, El Nino risks and higher global food prices put pressure on household budgets

Uttar Pradesh steps up outreach to attract big-ticket global investments

Uttar Pradesh steps up efforts to attract foreign investment in manufacturing, semiconductors, electronics and data centres

India launches online platform to connect exporters with US buyers

The move comes as India and the US continue negotiations on a trade deal, whose broad contours were agreed earlier this year

Next-generation reforms should focus on deregulation: Rajiv Gauba

NITI Aayog member Rajiv Gauba called for a systematic review of laws and regulations, saying India's next-generation reforms must move away from the licence, approval and permission regime

OMCs may be losing ₹5/litre on petrol, ₹23 on diesel as Brent crosses $100

OMCs are losing ₹5 a litre on petrol and ₹23 on diesel as Brent crude crosses $100 a barrel, while escalating US-Iran tensions add to India's energy supply risks