S&P Global Ratings has affirmed India's sovereign credit rating at 'BBB' with a stable outlook, citing the country's dynamic and fast-growing economy, strong external balance sheet, and stable institutions that ensure policy predictability.
India Ratings and Research predicts the Reserve Bank of India (RBI) will maintain the repo rate at 5.25 per cent throughout FY27, despite potential inflationary pressures from higher fuel prices, with inflation expected to remain within the central bank's tolerance band.
Fitch Ratings has affirmed India's sovereign credit rating at 'BBB-' with a stable outlook, acknowledging robust growth prospects and strong external finances. However, the agency highlighted concerns over elevated government debt, lagging structural metrics, and potential fiscal spending pressures due to rising youth unemployment.
World champion D Gukesh's live rating has slipped below 2700 after the first two rounds of the 46th Chess Olympiad in Samarkand, Uzbekistan. The Indian men's team, defending champions, had an average start with two unconvincing wins, while the Indian women's team performed better against weaker opposition. Gukesh's rating drop comes ahead of his world title challenge against Javokhir Sindarov in November.
Economists widely anticipate the Reserve Bank of India's Monetary Policy Committee will increase the repo rate by 50 basis points, likely split between the October and December meetings, as retail inflation is projected to peak at 6.1 per cent in the third quarter, exceeding the RBI's tolerance limit.
Moody's Ratings has sharply increased India's GDP growth forecast for fiscal 2026-27 to 7 per cent, making it the fastest among G20 economies, driven by economic resilience despite the Middle East conflict. However, the agency flagged significant inflation risks stemming from elevated oil prices and potential El Nino disruptions.
Luxury hotels in Delhi are experiencing a significant room crunch and a sharp increase in tariffs ahead of the BRICS Summit. Many marquee properties show no availability or are quoting rates exceeding six figures per night around the September 12-13 event, highlighting a gap in India's hospitality infrastructure.
India's urban unemployment rate for individuals aged 15 and above marginally increased to 6.7 per cent in April-June, while rural unemployment rose to 4.8 per cent, according to the latest Periodic Labour Force Survey (PLFS). This rise in unemployment coincides with a notable decline in the overall labour force participation rate (LFPR) to a five-quarter low of 54.6 per cent.
'Indian private sector hospitals provide quality healthcare at a fraction of the global cost.'
'A balance had to be struck between the economic cost of taking action at this point against the need not to fall behind the curve in controlling inflation and anchoring inflation expectations.'
Axis Bank MD & CEO Amitabh Chaudhry has cautioned that the surge in FCNR(B) deposits could lead to 'abnormal lending' as banks seek to deploy excess liquidity, while also hinting at a potential interest rate hike in the near future.
India's overall unemployment rate for individuals aged 15 and above decreased to 5.1 per cent in July 2026, down from 5.5 per cent in June 2026, according to the latest Periodic Labour Force Survey (PLFS) by the National Statistics Office (NSO).
Indian benchmark indices, Sensex and Nifty, closed nearly flat on Thursday, influenced by the US Federal Reserve's interest rate hike and indications of further monetary tightening. Despite some intraday gains, caution prevailed, with foreign institutional investors continuing to offload equities. Meanwhile, the National Stock Exchange of India's (NSE) mega initial public offering opened for subscription, garnering 39 per cent subscription on its first day.
Indian benchmark indices, Sensex and Nifty, experienced a significant downturn, with Sensex tanking 778 points and Nifty closing at a five-month low, driven by surging crude oil prices, geopolitical tensions, and fears of further interest rate hikes by major central banks.
Afghanistan head coach Richard Pybus has identified key areas for improvement in the team's white-ball game following their T20I series loss to India. He stressed the need for better quality pitches at home to develop players and called for a significant increase in the team's strike rate and a reduction in dot balls, especially during the Powerplay.
Naman Dhir's batting flexibility and useful off-spin could address a missing role in India's ODI setup, with Irfan Pathan highlighting his potential following a standout domestic T20 campaign.
'You have to get private investment to somewhere between 35% to 36% of GDP. It is hovering about 30%-31%.'
The All India Football Federation (AIFF) is facilitating discounted tickets for members of Mohun Bagan, East Bengal, and Mohammedan Sporting for India's upcoming FIFA tier-1 friendlies against Panama, Brazil, and Uruguay. These high-profile matches will be held in Bengaluru and Kolkata, with the AIFF also planning Fan Parks across districts to promote grassroots football and allow wider viewership. The matches are seen as a significant opportunity for the Indian national team to test itself against top-ranked opponents.
The West Indies have announced their ODI and T20I squads for the upcoming series against India, with John Campbell returning to the ODI side and Kamil Pooran earning his maiden T20I call-up.
Tejal Hasabnis and Anushka Sharma's aggressive half-centuries, coupled with Nikki Prasad's all-round performance, led India A Women to a four-wicket victory over Australia A in the first women's one-day match in Mullanpur.
Leg-spin all-rounder Vipraj Nigam has been named as the replacement for senior spinner Varun Chakravarthy in India's Asian Games cricket squad. Chakravarthy was ruled out due to a side strain, marking a setback after his recent return from injury. Nigam, a Delhi Capitals player, brings IPL experience to the team.
India's cement industry is on the brink of an oversupply situation as aggressive capacity expansion by major players is set to outpace demand growth over the next two financial years, potentially leading to pricing pressures and moderated utilisation rates.
Trump has enacted a new law imposing significant sanctions on Russia and Iran, which could lead to tariffs of up to 100% on major energy importers like India and China.
Members of the Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) have indicated that interest rate hikes may be necessary sooner rather than later, as headline inflation is projected to rise from its current benign levels in the coming months, according to the minutes of the August review.
India's men's and women's chess teams are set to defend their respective Chess Olympiad titles, with strong lineups featuring world champion D Gukesh and in-form R Praggnanandhaa for the men, and Koneru Humpy leading the top-seeded women's squad.
As the world's most populous country, India's economy looks large in the aggregate even as its average incomes stay modest.
The Finance Ministry has dismissed allegations of US pressure influencing the 0.4% Merchant Discount Rate (MDR) on select UPI transactions. It clarified that NPCI guidelines prioritise RuPay credit cards on UPI and do not favour international cards. The ministry also asserted that the MDR, applicable to person-to-merchant transactions above Rs 2,000, is unlikely to increase cash transactions or cause inflation, with measures in place to prevent burdening consumers.
India needs to move beyond ease and cost of doing business and focus on the "speed of doing business" as the next leg of reforms to sustain economic growth and private investment, Confederation of Indian Industry (CII) President R Mukundan said.
The Indian men's chess team, seeded second, is set to face sixth-seeded Holland in the fifth round of the 46th Chess Olympiad after a mixed start. While players like D Gukesh and Nihal Sareen have performed well, top board players R Praggnanandhaa and Arjun Erigaisi are looking to find their form. The Indian women's team, with a perfect score, will play Poland, with B Savitha Shri being a standout performer.
The US House of Representatives has passed the Lindsey O Graham Sanctioning Russia and Iran Act of 2026, authorising President Trump to impose sanctions on Russia's energy sector and tariffs on countries like India and China that purchase Russian oil and gas. The legislation aims to curb Russia's ability to evade existing sanctions and reduce global dependence on its energy exports, despite some Democratic opposition to increased tariff authority for the President.
India's services activity expanded in August, but the pace of growth cooled to the second-slowest since March 2022, despite stronger output and new business, according to the HSBC India Services PMI Business Activity Index.
Digital money is gradually starting to behave like software. It's no longer inert -- sitting passively in accounts. In the not-so-distant future, your money could become 'smart' and 'active,' understanding your preferences, paying your bills automatically, optimising your returns, and managing your risks -- all without you having to manage the details.
US President Donald Trump is expected to sign the Lindsey O. Graham Sanctioning Russia and Iran Act of 2026 later on Friday (local time). A White House official confirmed the development to ANI without revealing further details.
India's semiconductor sector has garnered USD 1.4 billion in total equity funding across 281 companies, with a substantial USD 701 million raised since 2025 alone, according to Tracxn data.
India's economy recorded a robust 7.8 per cent growth in the April-June quarter of fiscal year 2026-27, surpassing both market expectations and the Reserve Bank of India's forecast. This strong performance positions India as the world's fastest-growing major economy, demonstrating resilience despite global economic uncertainties and geopolitical tensions, including the conflict in Iran. The Ministry of Statistics and Programme Implementation highlighted the sustained growth momentum amidst global headwinds.
The company's India head, Arun Srinivas, has been summoned by the child rights body on Thursday.
Foreign Portfolio Investors (FPIs) have withdrawn Rs 20,974 crore from Indian equities in September, driven by global uncertainties, higher US interest rates and bond yields, elevated crude oil prices, and a weakening rupee.
India women's team seamer Kranti Gaud has been fined 10 per cent of her match fee and received one demerit point by the ICC for breaching the Code of Conduct during the T20 Asia Cup final against Sri Lanka. Gaud was penalised for an aggressive gesture after dismissing a batter. Separately, the Pakistan women's team was fined for a slow overrate in their semifinal match.
Passenger vehicle (PV) sales growth in India is expected to moderate to 3-5 per cent year-on-year (Y-o-Y) in financial year 2027 (FY27) due to a high base and preponed replacement demand, according to a report released by India Ratings and Research on Thursday.
India's passenger vehicle sales are estimated to have surged by approximately 35 per cent to about 4.5 lakh units in August, driven by strong performances from major automakers like Maruti Suzuki India, Tata Motors Passenger Vehicles, and Mahindra & Mahindra, with the industry entering the festive season with optimism.
