News for 'Economy'

Fitch projects 9% revenue growth for Indian corporates in FY27, maintaining stable credit metrics

Fitch projects 9% revenue growth for Indian corporates in FY27, maintaining stable credit metrics

Rediff.com29 Jul 2026

Fitch Ratings forecasts a 9 per cent aggregate revenue increase for rated Indian corporates in the current fiscal year (FY27), a stronger outlook compared to the 5 per cent estimated for FY26, which is expected to keep credit metrics stable despite potential global and domestic challenges.

Stock Markets Today: Sensex, Nifty Up on Easing West Asia Tensions, Drop in Crude Oil Prices

Stock Markets Today: Sensex, Nifty Up on Easing West Asia Tensions, Drop in Crude Oil Prices

Rediff.com27 Jul 2026

Indian benchmark indices Sensex and Nifty saw a significant rebound in early trade, driven by a sharp decline in crude oil prices and easing geopolitical tensions in the West Asia, which improved market sentiment and reduced inflation fears. Track Sensex, Nifty on July 27.

Trump's New Tariffs Face Legal Heat

Trump's New Tariffs Face Legal Heat

Rediff.com31 Jul 2026

'Tariff action relating to the excess-capacity investigation will be even more susceptible to judicial overturn.'

Relief likely for India from US tariffs over forced labour

Relief likely for India from US tariffs over forced labour

Rediff.com16 Jul 2026

India anticipates a reduction in the United States' proposed tariffs on Indian goods under the Section 301 investigation, following New Delhi's recent notification to restrict the import of products made with forced labour.

India-China border trade via Lipulekh to start from Aug 1

India-China border trade via Lipulekh to start from Aug 1

Rediff.com29 Jul 2026

India-China border trade via Uttarakhand's Lipulekh Pass is set to resume on August 1 after a gap of more than six years, with the neighbouring country granting permission to 20 Indian traders to visit Purang (Taklakot), according to officials.

Skyroot's Success Changes India's Space Future

Skyroot's Success Changes India's Space Future

Rediff.com20 Jul 2026

'The Indian private space sector is no longer a high-risk bet; it is a highly bankable, globally competitive asset class capable of easing the global small satellite launch bottleneck.'

'Traitor, gimmick': Rahul targets Modi over economy, 'Melody'

'Traitor, gimmick': Rahul targets Modi over economy, 'Melody'

Rediff.com20 May 2026

Congress leader Rahul Gandhi criticised Prime Minister Narendra Modi for gifting 'Melody' toffees to Italian Premier Giorgia Meloni, calling it a 'gimmick' while India faces an 'economic storm'. He accused Modi of prioritising public relations over addressing the struggles of farmers, labourers, and youth, a sentiment echoed by other Congress leaders.

FCNR (B) Inflows May Surpass 2013 Levels in 45 Days, SBI Research Raises Estimates

FCNR (B) Inflows May Surpass 2013 Levels in 45 Days, SBI Research Raises Estimates

Rediff.com28 Jul 2026

Foreign Currency Non-Resident (Bank), or FCNR (B), deposits mobilised under the Reserve Bank of India's (RBI's) concessional swap facility may have already surpassed the amount raised during the 2013 scheme in just about 45 days, prompting SBI Research to sharply raise its estimate for inflows under the facility to $65-70 billion.

IMF Lowers India's FY27 Growth Outlook to 6.4% on Higher Energy Costs

IMF Lowers India's FY27 Growth Outlook to 6.4% on Higher Energy Costs

Rediff.com9 Jul 2026

The International Monetary Fund (IMF) has reduced India's growth forecast for FY27 to 6.4 per cent, citing the potential impact of higher energy prices offsetting the country's economic resilience. Despite this, India remains among the fastest-growing major economies.

What's Holding Up India-US Trade Deal?

What's Holding Up India-US Trade Deal?

Rediff.com14 Jul 2026

India is waiting for assurance from the US on comparative advantage over other economies under the deal.

Hideki Makihara Sparks Bullet Train Row

Hideki Makihara Sparks Bullet Train Row

Rediff.com18 Jul 2026

In a social media post, former Japanese minister Hideki Makihara blamed the Indian side's approach to the project as being one of 'sheer chaos', of not keeping promises, and of continuously 'pushing their own self-interest'.

ADB trims India's FY27 growth projection to 6.6% amid West Asia crisis

ADB trims India's FY27 growth projection to 6.6% amid West Asia crisis

Rediff.com9 Jul 2026

The Asian Development Bank (ADB) has revised down India's GDP growth forecast for fiscal year 2026-27 (FY27) to 6.6 per cent from an earlier 6.9 per cent, primarily attributing the change to elevated energy prices stemming from the Middle East conflict. Despite this moderation, India is still expected to remain the world's fastest-growing major economy.

Bindra Calls For Confident Education System Amid NEET Row

Bindra Calls For Confident Education System Amid NEET Row

Rediff.com23 Jul 2026

Olympic gold-medallist Abhinav Bindra has called for an education system that "inspires confidence" and rewards merit, amidst widespread protests over alleged irregularities in the NEET exam. The protests, which have seen student marches and support from activists like Sonam Wangchuk, highlight the demand for transparency and fairness in India's examination system.

How Modi's Political Aura Crumbled At Jantar Mantar

How Modi's Political Aura Crumbled At Jantar Mantar

Rediff.com27 Jul 2026

It was left to an incensed Gen Z to show the rest of India that enough was enough, and that the time had come to shatter the fear psychosis generated by the government's authoritarian approach to protests and criticism, points out M R Narayan Swamy.

10 Takeaways From 2026 FIFA World Cup

10 Takeaways From 2026 FIFA World Cup

Rediff.com20 Jul 2026

The 10 takeaways from the FIFA World Cup, which was co-hosted by the United States, Canada and Mexico.

Maharashtra Government Signs MoU For Kolhapur Cricket Stadium

Maharashtra Government Signs MoU For Kolhapur Cricket Stadium

Rediff.com21 Jul 2026

The Maharashtra government has signed an MoU with the Kolhapur District Cricket Association to build an international-standard cricket stadium and multi-sports hub in Kolhapur, featuring a 35,000-capacity stadium and facilities for various sports.

Sensex, Nifty end in red on US Tariffs, West Asia Tensions

Sensex, Nifty end in red on US Tariffs, West Asia Tensions

Rediff.com24 Jul 2026

Indian benchmark indices, Sensex and Nifty, recorded their fifth consecutive day of losses, driven by investor caution over rising oil prices due to West Asia tensions and renewed concerns regarding US trade tariffs.

Time To Make India Attractive To Foreign Capital

Time To Make India Attractive To Foreign Capital

Rediff.com22 Jul 2026

That means making it easier to invest, protecting investors through predictable rules, and avoiding policy reversals after investments have been made, notes Rajeswari Sengupta.

'Why Have The Number Of Jobs Created Fallen?'

'Why Have The Number Of Jobs Created Fallen?'

Rediff.com27 Jul 2026

'We have to pull 80 million workers out of agriculture and go back to where we were in 2014. That itself is going to be a huge task.' 'We have already lost time, and that is a catastrophe impending.''

Olympic Gold Medallist Abhinav Bindra Calls For Education Reform Amid NEET Row

Olympic Gold Medallist Abhinav Bindra Calls For Education Reform Amid NEET Row

Rediff.com23 Jul 2026

Olympic gold medallist Abhinav Bindra and Grandmaster Nihal Sarin have voiced concerns over the ongoing NEET exam irregularities and student suicides. Bindra called for a transparent and merit-based education system, while Sarin highlighted the immense pressure students face. The protests, supported by activist Sonam Wangchuk, have seen students attempting to march to Parliament.

Indian-Origin Founders Build Global Space Exchange

Indian-Origin Founders Build Global Space Exchange

Rediff.com3 Jul 2026

Nebex, founded by former Axiom Space executives, aims to build commercial infrastructure for the global space economy.

How Kerala Aims To Become A National AI And Emerging Technologies Hub

How Kerala Aims To Become A National AI And Emerging Technologies Hub

Rediff.com23 Jul 2026

Kerala Chief Minister V D Satheesan announced the state's vision to become a national hub for artificial intelligence and emerging technologies, coinciding with the launch of Naviq Technology by IBS Software Group. The state government is implementing initiatives like an AI-powered dashboard, a Global Job Watch Tower, and curriculum revisions to align with technological advancements and foster skill development in AI and semiconductor sectors.

Maruti Brezza Targets First-Time SUV Buyers

Maruti Brezza Targets First-Time SUV Buyers

Rediff.com24 Jul 2026

The refreshed Brezza will target first-time, replacement and additional-car buyers as Maruti responds to changing preferences and intensifying competition in compact SUVs.

India climbs to 11th among top FDI destinations in 2025, UN report reveals

India climbs to 11th among top FDI destinations in 2025, UN report reveals

Rediff.com8 Jul 2026

India has significantly improved its position as a global foreign direct investment (FDI) destination, climbing two places to 11th in 2025, with inflows surging by nearly 44 per cent to $38.89 billion, according to the United Nations Conference on Trade and Development (Unctad) World Investment Report 2026.

HDFC Bank, Axis Bank drag Sensex down amid margin concerns, US-Iran tensions

HDFC Bank, Axis Bank drag Sensex down amid margin concerns, US-Iran tensions

Rediff.com20 Jul 2026

Indian benchmark indices, Sensex and Nifty, closed lower due to significant selling in HDFC Bank and Axis Bank shares, driven by margin-related concerns and escalating US-Iran tensions, which also pushed crude oil prices higher.

Gen Z Protests: 'Biggest Blow Has Been To The Prime Minister'

Gen Z Protests: 'Biggest Blow Has Been To The Prime Minister'

Rediff.com30 Jul 2026

'After more than 12 years in power, he has been forced to retreat under public pressure. The education minister's resignation is the biggest political climbdown of his government so far.'

One Nation One Election rollout possible by 2029: Panel chief

One Nation One Election rollout possible by 2029: Panel chief

Rediff.com10 Jul 2026

A parliamentary committee is actively working to establish a mechanism for implementing the 'One Nation, One Election' reform, with its chairperson, PP Chaudhary, indicating that it could be fully operational by the 2029 general elections. Chaudhary highlighted that nearly 99 per cent of civil society stakeholders consulted have supported the proposal, which aims to mitigate an estimated Rs 7 lakh crore economic loss due to frequent polls.

How Maharashtra Plans To Lead India In Quantum Technology

How Maharashtra Plans To Lead India In Quantum Technology

Rediff.com17 Jul 2026

Maharashtra Chief Minister Devendra Fadnavis announced the state's ambition to become India's leader in quantum technology. The state plans to build a robust ecosystem, align with the National Quantum Mission, and train over 5,000 professionals, recognising AI, semiconductors, and quantum tech as key pillars for future growth and global competitiveness.

If India Becomes A Doormat, The US Will Tread On It

If India Becomes A Doormat, The US Will Tread On It

Rediff.com23 Jul 2026

The harsh truth is that the US is no longer a reliable partner, cautions Ramesh Menon.

US senators name India in sweeping Russia sanctions bill

US senators name India in sweeping Russia sanctions bill

Rediff.com15 Jul 2026

A bipartisan group of US senators has introduced a comprehensive bill imposing extensive sanctions on Russia, with India identified as one of five countries that could incur tariffs for its continued purchase of Russian oil.

Jasprit Bumrah trains with red ball after long break

Jasprit Bumrah trains with red ball after long break

Rediff.com5 Jul 2026

Jasprit Bumrah has started practicing with the red ball as he gears up for the two-Test series in Sri Lanka next month.

'Stop, these are our sons and daughters': Sonia slams govt

'Stop, these are our sons and daughters': Sonia slams govt

Rediff.com24 Jul 2026

Congress Parliamentary Party chairperson Sonia Gandhi has launched a scathing attack on the Modi government, accusing it of responding to student demands for accountability and educational reforms with 'cowardice and wanton cruelty,' treating them as 'enemies of the nation.' She further alleged that the government has degraded India's education landscape and routinely chooses violence over dialogue.

Google Bets Big on India's AI Future

Google Bets Big on India's AI Future

Rediff.com15 Jul 2026

The aim is to win over the country's enterprises, developers and startups as AI systems shift from answering questions to autonomously executing tasks.

ONGC to build 1.75 mt strategic oil reserve in Mangaluru, boosting India's energy security

ONGC to build 1.75 mt strategic oil reserve in Mangaluru, boosting India's energy security

Rediff.com11 Jul 2026

State-run Oil and Natural Gas Corporation (ONGC) has approved the development of a 1.75 million tonnes (mt) strategic petroleum reserve (SPR) in Mangaluru, a project deemed of national importance, with plans for broad commercial utilisation.

Farmers on way to protest in Delhi stopped at Haryana border

Farmers on way to protest in Delhi stopped at Haryana border

Rediff.com21 Jul 2026

Indian farmers staged a significant protest at the Shambhu border against a proposed India-US trade deal, fearing its detrimental effects on the domestic agricultural sector and demanding its immediate abandonment. They later ended their agitation after assurances from the Haryana Agriculture Minister regarding the release of detained farmers and a meeting with the Union Agriculture Minister.

RBI: US-Iran Deal Shifts Risk Balance Favourably, But Oil Price Spikes Could Raise FX Volatility

RBI: US-Iran Deal Shifts Risk Balance Favourably, But Oil Price Spikes Could Raise FX Volatility

Rediff.com1 Jul 2026

The Reserve Bank of India's Financial Stability Report indicates that the interim peace deal between the US and Iran has favourably shifted the balance of risks, reducing headwinds from the West Asia conflict. However, it cautions that exchange rate volatility could increase if crude oil prices spike due to delayed normalisation of supply chain disruptions.

National Awards: 'Article 370' best film; Mammootty, Yami, Kartik best actor

National Awards: 'Article 370' best film; Mammootty, Yami, Kartik best actor

Rediff.com18 Jul 2026

The political drama 'Article 370' was the biggest winner at the 72nd National Film Awards, securing the best feature film honour, with its lead star Yami Gautam named best actress. Mammootty and Kartik Aaryan shared the best actor award for 'Bramayugam' and 'Chandu Champion' respectively.

'Paani Waali Train': 'This Is The Future Of Railway Mobility'

'Paani Waali Train': 'This Is The Future Of Railway Mobility'

Rediff.com18 Jul 2026

India has launched its first hydrogen-powered train, the 'Namo Green Rail', from Jind, Haryana, marking a significant step towards sustainable railway mobility. The 10-coach train, which emits only water vapour, is currently operating on the Jind-Sonipat route and represents a major technological advancement for the country's transport sector.

Modi stopped Putin from using nuclear weapons on Ukraine in 2022: Polish min

Modi stopped Putin from using nuclear weapons on Ukraine in 2022: Polish min

Rediff.com14 Jul 2026

Poland's Secretary of State, Wladyslaw T Bartoszewski, has credited Prime Minister Narendra Modi with preventing Russian President Vladimir Putin from using tactical nuclear weapons in Ukraine in late 2022, highlighting Modi's significant influence on the Russian leader.

Iran has accepted 'just about everything' we wanted: Trump

Iran has accepted 'just about everything' we wanted: Trump

Rediff.com3 Jul 2026

US President Donald Trump has claimed that Iran has accepted "just about everything" the United States has demanded in ongoing indirect nuclear negotiations, particularly regarding denuclearisation. He also asserted that American forces repeatedly carried out military strikes that crippled Tehran's military infrastructure, including radar installations, and escorted commercial oil tankers through the Strait of Hormuz. Trump dismissed reports of Iran's strength, stating its military and economy were severely weakened.