Page 58 - Latest News
Fiscal deficit in April-December kept at 54.5% of Budget Estimates
India contained its FY26 fiscal deficit at 54.5% of Budget Estimates for April-December, aided by higher non-tax revenues and controlled spending despite a December capex dip
 "Fiscal deficit in April-December kept at 54.5% of Budget Estimates")
Sensex, Nifty see worst January in a decade; mcap erodes most in 11 mths
Benchmarks fell over 3% each in January amid heavy FPI outflows, weak earnings growth and rupee pressure, with nearly ₹16 trillion wiped off market capitalisation
 "Sensex, Nifty see worst January in a decade; mcap erodes most in 11 mths")
Datanomics: Baramati crash turns focus on safety of non-scheduled flights
The crash of Ajit Pawar's chartered Learjet revives concerns over non-scheduled aviation safety, with data showing recurring landing-phase accidents and runway excursions in India
 "Datanomics: Baramati crash turns focus on safety of non-scheduled flights")
Centrally funded infrastructure projects see 18.3% cost jump in December
Revised estimates of 1,392 ongoing projects climbed to ₹35.1 trillion as overruns persisted, though the pace of cost escalation eased sequentially from November
 "Centrally funded infrastructure projects see 18.3% cost jump in December")
Markets mostly rebound after pre-Budget corrections: SBI Securities
One- and three-month performance strong on three occasions when markets fell 3% or more ahead of the Budget
 "Markets mostly rebound after pre-Budget corrections: SBI Securities")
States utilise less than half of FY26 capex budget in Apr-Dec period
CAG data show states spent just 45.8% of their FY26 capital outlay in the first nine months, sharply lagging the Centre's capex performance
 "States utilise less than half of FY26 capex budget in Apr-Dec period")
Markets end lower ahead of Union Budget amid metal stock sell-off
Benchmark indices fell on Friday as metal stocks slumped sharply, while investors stayed cautious ahead of the Union Budget and amid sustained foreign fund outflows
 "Markets end lower ahead of Union Budget amid metal stock sell-off")
South Indian Bank shares tank over 15% after MD & CEO Seshadri exit plan
Stock plunges after lender says managing director and chief executive officer P R Seshadri will step down in September and not seek reappointment
 "South Indian Bank shares tank over 15% after MD & CEO Seshadri exit plan")
National Stock Exchange one step closer to IPO filing as Sebi grants NOC
For the NSE to go public, it has to submit both the NOC and an approved DRHP, say experts
 "National Stock Exchange one step closer to IPO filing as Sebi grants NOC")
Skymet says El Nino might strengthen in middle of Indian monsoon this year
Private forecaster warns evolving El Nino could suppress monsoon rainfall, raise heatwave risks and impact farm output, with models pointing to a peak in winter
 "Skymet says El Nino might strengthen in middle of Indian monsoon this year")
RBI dollar sales keep rupee shy of 92 on Friday, hit new closing low
RBI intervention via dollar sales prevented the rupee from breaching the 92 mark, even as it closed at a fresh low amid FPI outflows and dollar strength
 "RBI dollar sales keep rupee shy of 92 on Friday, hit new closing low")
As US, UK tighten student visas, India eyes inbound education opportunity
With US, UK, Canada and Australia tightening rules, policymakers see a chance to position India as a credible study destination for foreign students
 "As US, UK tighten student visas, India eyes inbound education opportunity")
Co-production over localisation: Industry on India-EU defence pact
India's defence industry sees the EU security pact as a turning point that could shift the country from buyer to industrial partner, unlocking co-development and supply chain opportunities
 "Co-production over localisation: Industry on India-EU defence pact")
India's foreign exchange reserves hit record high of $709 billion
Reserves rise to a fresh peak after 17 months, aided by higher gold prices and revaluation gains, even as the rupee remains under pressure amid FPI outflows
 "India's foreign exchange reserves hit record high of $709 billion")
Nifty100 PBT could have been 8.5% higher without labour Code effect
TCS, Infosys book one-time exceptional charges, while HDFC Bank absorbs higher wage costs directly into quarterly P&L
 "Nifty100 PBT could have been 8.5% higher without labour Code effect")
Oil holds near six-month high as investors track US-Iran tensions
Oil prices steadied near six-month highs as investors tracked US-Iran tensions, sanctions risks and a stronger dollar after a sharp monthly rally
 "Oil holds near six-month high as investors track US-Iran tensions")
Elon Musk's Spacex weighs merger with Tesla or xAI ahead of IPO plans
Elon Musk's SpaceX is exploring a potential merger with Tesla or AI firm xAI, a move that could reshape its IPO plans and consolidate Musk's business empire
 "Elon Musk's Spacex weighs merger with Tesla or xAI ahead of IPO plans")
Trump warns Britain on China ties as Starmer hails progress in Beijing
As Western leaders reel from Trump's unpredictability, Starmer is the latest to head to China
 "Trump warns Britain on China ties as Starmer hails progress in Beijing")
Apple rebounds in China with biggest quarterly sales in four years
Apple's iPhone 17 fuels a $25.5bn quarter in greater China, marking a sharp rebound and record holiday sales for the tech giant
 "Apple rebounds in China with biggest quarterly sales in four years")
WPL 2026 playoffs qualification scenarios: How Mi, GG, DC, UPW can qualify?
With two crucial league matches left, here's a detailed breakdown of what each team needs to do to qualify for the playoffs.
 "WPL 2026 playoffs qualification scenarios: How Mi, GG, DC, UPW can qualify?")