The Reserve Bank of India (RBI) may begin a rate hike cycle totalling 75 basis points in October as prolonged supply shocks spread across the inflation basket, with retail inflation expected to remain above 6 per cent throughout the second half of FY27, a ... read..
Artificial intelligence may replace only about 5 per cent of the work currently done by humans over the next decade, Nobel laureate Daron Acemoglu has predicted, arguing that AI development should focus more on improving workers' capabilities than replaci ... read..
Mumbai (Maharashtra) | October 7, 2026 10:31:37 AM IST
The Reserve Bank of India on Wednesday raised its policy repo rate by 25 basis points to 5.50 per cent, beginning a rate-hike cycle as rising inflation risks, elevated global yields and resilient domestic growth strengthened the case for tighter monetary ... read..
The global bond sell-off is likely to continue in the near term as elevated fiscal deficits, rising government debt, heavy borrowing for artificial intelligence infrastructure and expectations of tighter monetary policy continue to push up long-term yield ... read..
Mumbai (Maharashtra) | October 7, 2026 10:01:22 AM IST
The domestic equity markets opened under pressure on Wednesday as investors turned cautious ahead of the Reserve Bank of India's Monetary Policy Committee (MPC) decision and awaited the central bank's view on the emerging growth-inflation dynamics. ... read..
Ola Electric Mobility has received in-principle approval from the stock exchanges for its proposed rights issue of up to Rs 1,000 crore, with the company's board set to meet on Wednesday to decide the issue price, entitlement ratio and other key terms. ... read..
French superintelligence company Mistral has launched a public preview of its latest Mistral Large 4 (ML4) model, a 1-trillion-parameter natively multimodal system, with the company set to release its weights by the end of the month as it scales up its Eu ... read..
The Reserve Bank of India is set to announce its monetary policy decision on Wednesday, with economists divided over whether the Monetary Policy Committee will raise the repo rate immediately or wait until December, even as most expectations point to a ti ... read..
Mumbai (Maharashtra) | October 6, 2026 11:32:44 PM IST
Continuous investor awareness and early market participation remain the primary drivers for long-term wealth creation, even as the cost of transacting in India remains among the highest globally due to taxes like STT, said Kamlesh Shroff, National Preside ... read..
The Department of Financial Services (DFS) has urged public and private sector banks to expand their digital outreach and focus on end-to-end digital processing of loans as the government seeks to deepen financial inclusion across the country. ... read..
The recent decline in Indian equities is increasingly reflecting concerns over the countrys longer-term growth outlook rather than merely the impact of higher crude oil prices and geopolitical tensions, according to a Nomura India Equity Strategy report. ... read..
Prime Minister Narendra Modi on Tuesday said the Cabinets decision to establish a Rs 10,000 crore SME Growth Fund would give a major boost to the MSME sector by helping firms scale up, adopt advanced technologies and expand into global markets. ... read..
India would be better off accepting the risk of losing some access to the US market than abandoning Russian oil purchases if forced to choose between the two, political economist Gautam Sen said, arguing that a disruption to energy supplies could impose a ... read..
By Saurav MukherjeeMumbai (Maharashtra) | October 6, 2026 9:01:35 PM IST
The Insurance Brokers Association of India (IBAI) expressed deep concern on Tuesday over proposed regulatory changes to the insurance distribution architecture, warning that sweeping overhauls could trigger widespread job losses, risk policyholder advocac ... read..
The US goods and services trade deficit widened sharply to USD 105.6 billion in August, rising USD 12.7 billion from a revised USD 92.8 billion in July, as a stronger increase in imports more than offset the rise in exports, according to data released by ... read..
By Snehal SatghareNew Delhi | October 6, 2026 11:32:27 PM IST
The Ministry of Civil Aviation has asked airlines to submit a detailed plan to the airport operator for shifting operations from Mumbai's Chhatrapati Shivaji Maharaj International Airport (CSMIA) to Navi Mumbai International Airport (NMIA), with the gover ... read..
Uber Technologies has agreed to acquire US workplace catering platform ezCater for $2.3 billion in an all-cash transaction, as the ride-hailing and food delivery company seeks to expand Uber Eats into group catering and workplace meals. ... read..
Global brokerage BofA expects Paytm to report another strong quarter in Q2 FY27, with revenue and profitability likely to remain on an upward trajectory, supported by growth in payments and financial services. ... read..
By Shailesh YadavNew Delhi | October 6, 2026 6:31:10 PM IST
GST rates are set to remain unchanged at the Councils October 8 meeting, with the 57th GST Council instead expected to focus on a package of procedural and structural reforms covering registration, refunds, input tax credit and enforcement, Finance Minis ... read..
Mumbai (Maharashtra) | October 6, 2026 6:31:01 PM IST
Retail lending by non-banking financial companies (NBFCs) accelerated sharply in August, growing 22 per cent year-on-year compared with 13.6 per cent a year earlier, driven by stronger growth in housing and gold loans, Reserve Bank of India (RBI) data sho ... read..
Indias steel production recorded steady growth in September 2026, with raw steel output rising 3.4 per cent year-on-year to 14.1 million tonnes and finished steel production surging 3.7 per cent CPLY (Corresponding Period Last Year), as per the data shar ... read..
The Centre plans to launch a faceless scheme under the Central Goods and Services Tax (CGST) on a pilot basis within the next three to four months, in a move aimed at reducing direct interaction between taxpayers and tax officials, Finance Ministry source ... read..
India should focus on expanding the use of existing artificial intelligence applications across the economy and selectively invest in frontier AI capabilities instead of making broad investments in developing advanced models from scratch, Vincent Belinga, ... read..
Non-banking financial companies (NBFCs) are expected to report another strong quarter in Q2FY27, supported by healthy loan growth and benign credit costs, but rising borrowing costs, monsoon-related stress and regulatory changes could make the outlook mor ... read..
The economic impact of the Iran conflict could hit Indian producers before consumers as higher oil prices feed into wholesale prices, with the pressure eventually passing through to consumption, Ran Li, Senior Economist at the World Bank, told ANI in an e ... read..
Mumbai (Maharashtra) | October 6, 2026 4:31:18 PM IST
The Indian stock market ended on a positive note with Sensex gaining over 680 points and Nifty settling above 22,700 level as easing selling pressure offered some relief to investors. ... read..
The Union Cabinet on Tuesday approved a government commitment of Rs 10,000 crore towards the establishment of the SME Growth Fund, aimed at providing direct equity investments to growth-oriented small and medium enterprises and helping create a new genera ... read..
Mumbai (Maharashtra) | October 6, 2026 3:30:38 PM IST
India's economic growth is likely to moderate below 7 per cent in the second half of the financial year, but the economy could still grow around 7.2 per cent for the full year, while its longer-term potential remains around 8 per cent, economist Madan Sab ... read..
ChatGPT continues to lead the consumer AI market with over one billion monthly active mobile users, while Claude has climbed to third place on the web with nearly one billion monthly visits, according to Andreessen Horowitzs (a16z) latest ranking report. ... read..
The government is in discussion with both airlines and oil marketing companies (OMCs) to address the ongoing impact of West Asia crisis which is putting significant pressure on aviation turbine fuel (ATF) prices, said Union Civil Aviation Minister Ram Moh ... read..
The gap between Indian and US 10-year government bond yields has narrowed to around two percentage points, near its lowest level in about two decades. However, a sharp reduction in the inflation differential between the two economies suggests India may be ... read..
Mumbai (Maharashtra) | October 6, 2026 3:01:35 PM IST
Large-cap stocks are better positioned to withstand further market pressure and could rebound sharply if market sentiment improves, while BFSI, defence, healthcare and hotels remain among the preferred sectors for the medium to long term, said Shrikant Ch ... read..
Indian banks are likely to see a pickup in earnings momentum during the second quarter of FY27, supported by strong credit growth and stable or lower provisioning costs, even as elevated liquidity and a changing deposit mix are expected to keep pressure o ... read..
Mumbai (Maharashtra) | October 6, 2026 2:30:28 PM IST
The Reserve Bank of India may keep the repo rate unchanged in its ongoing policy review and start raising rates from December, with a total increase of 75 basis points, Bank of Baroda Chief Economist Madan Sabnavis said. He said the RBI may wait for more ... read..
Indian manufacturing sentiment rebounded in the second quarter of FY27, with a sharp improvement in expectations for production and demand, while capacity utilisation and hiring intentions also strengthened, according to the latest FICCI Quarterly Survey ... read..
Mumbai (Maharashtra) | October 6, 2026 2:00:57 PM IST
Indian banks reported stronger loan and deposit growth in the September quarter, but the underlying pace of deposit expansion was softer at several large private lenders after excluding the boost from FCNR-B inflows, according to a Jefferies report. ... read..
India's services sector growth accelerated in September to its strongest pace in three months as domestic demand improved, though activity over the July-September quarter expanded at its slowest pace since early 2022, an HSBC survey showed. ... read..
Indias non-banking financial companies (NBFCs) are expected to report a strong first half of FY27, supported by sustained credit growth and resilient asset quality, despite near-term margin pressure from higher borrowing costs, according to a report by E ... read..
Navi Mumbai (Maharashtra) | October 6, 2026 1:31:12 PM IST
Navi Mumbai International Airport (NMIA) is scaling up its aviation support infrastructure as it expands its airline network ahead of the Winter Schedule 2026-27, with its TajSATS-operated flight kitchen currently serving more than 40 departing flights a ... read..
Indias Directorate General of Trade Remedies (DGTR) has stepped up trade-remedy action against Chinese imports, launching five fresh anti-dumping investigations across chemicals, pharmaceuticals, industrial equipment and copper tubes following complaints ... read..
Mumbai (Maharashtra) | October 6, 2026 1:01:25 PM IST
Indian equity markets extended their recovery on Tuesday but opened on a largely flat note, with the Sensex gaining over 100 points and the Nifty holding above the 22,500 level. ... read..
