Economy

Rupee, bonds witness sell-off as crude oil, US Treasury yields rise

The rupee settled at 95.96 per dollar, while the benchmark 10-year government bond yield rose 6 basis points to 7.11 per cent, its highest level since May 21

Uttar Pradesh CM Adityanath launches two mega housing projects in Lucknow

The two housing projects are being developed at an estimated cost of ₹12,000 crore

RBI forex inflows ease near-term BoP pressure, challenges persist: CEA

CEA V Anantha Nageswaran said rising imports, commodity dependence, higher global interest rates and competition for capital would keep pressure on India's external account

Centre asks edible oil firms to pass duty-cut benefits on to consumers

The directive follows cuts in import duties on sunflower, soybean and palm oils as the government seeks to moderate domestic prices and ease inflationary pressures

Mospi secy calls for breaking data silos, keeping AI tied to verified data

Mospi Secretary Saurabh Garg said data should flow freely across ministries and states, while AI-generated inferences must remain grounded in verified and validated sources

H2FY27 hiring intent seen at 5.4%, e-commerce leads growth: Report

TeamLease says 60 per cent of employers plan to expand their workforce in H2 FY27, with e-commerce and technology start-ups recording the strongest outlook

India's new FTAs offer investors tariff predictability: Commerce Secretary

These pacts also provide investors access to USD 60 trillion market sitting back in India

Rupee declines to one-week low as oil rally fans global rate hike worries

Dollar sales by state-run banks, likely ‌on behalf of the Reserve Bank of India, limited losses and kept the rupee above 96 per dollar.

Microsoft opens data centre in Telangana amid AI infra expansion push

Microsoft's India South Central data centre region is now live in Telangana, as the state targets 5 GW of capacity and around $30 billion in AI and digital infrastructure investment by 2029

India taking steps to build strategic sectors: Economic Affairs secy

Economic Affairs Secretary Anuradha Thakur said India must build capacity in strategic sectors such as semiconductors to shield the economy from an uncertain global environment

Black Sea disruptions push Bangladesh back towards Indian wheat supplies

Importers have booked more than 200,000 tonnes of Indian wheat since Dhaka lifted restrictions in August, as disruptions to Black Sea trade push buyers to seek alternative supplies

India gets 'strategic partner' status in Pacific Islands Forum: Jaishankar

External Affairs Minister S Jaishankar said the new status would help deepen India's cooperation with Pacific island nations as Delhi steps up engagement with the region

Fair case for rupee to appreciate from current levels: RBI's Poonam Gupta

RBI Deputy Governor Poonam Gupta sees a case for rupee appreciation as the current account deficit shrinks and capital flows improve, potentially later this financial year.

Farm growth post-2015 more broad-based, technology-driven: Report

Growth averaged 4.5% post 2015 compared to 3 per cent between 1967-1995 and 1996-2014

Private business activity rebounds to 3-month high in Sep, PMI shows

India's private sector activity rose to a three-month high in September as manufacturing and services output improved, while new orders and hiring also gained momentum

Global agencies raise India's FY27 growth outlook, see RBI rate hikes

Economists said revisions to GDP growth projections by these institutions were expected as the print for the June quarter was better than expected

India must cut import dependence, make goods competitively at home: Mishra

PM's Principal Secretary flags risks from fragmented global alliances, vulnerable supply chains and rising trade barriers, while calling for stronger manufacturing

Measure carefully: The wrong metric can distort business strategy

Business metrics can become counterproductive when underlying economics change, making it essential for leaders to periodically reassess whether measures still encourage the right behaviour

Govt cuts import duties on palm, soya and sunflower oils to curb prices

The government has cut import duties on crude palm and soya oils to 5 per cent and crude sunflower oil to zero, with lower rates on refined oils taking effect on September 24

Industry seeks ITC use for reverse-charge GST ahead of Oct 7 Council meet

Businesses want the GST Council to allow accumulated input tax credit to pay reverse-charge liabilities, saying the cash-payment requirement blocks working capital