The challenge for India lies in navigating complex landscape to its best advantage. The BRICS Summit will test its navigation skills, asserts former foreign secretary Shyam Saran.
Jio Platforms Ltd, the digital and telecom arm of Reliance Industries, is poised to launch India's largest-ever initial public offering (IPO) at Rs 30,213 crore, surpassing Hyundai Motor India's Rs 27,870-crore offering.
The Delhi Police's Economic Offences Wing (EOW) has arrested Visarjan, a 51-year-old proclaimed offender, eight years after a case was registered against him. He is accused of cheating around 531 investors of Rs 3.23 crore through an unauthorised Ponzi scheme that promised attractive returns.
India's foreign exchange reserves decreased by $711 million to $681.61 billion for the week ending June 5, primarily driven by a significant reduction in foreign currency assets, according to the Reserve Bank of India (RBI).
Private banks in India are aggressively mobilising Foreign Currency Non-Resident (Bank), or FCNR(B), deposits by raising interest rates and using website countdowns, as the Reserve Bank of India's swap window is set to close on August 31, earlier than initially planned.
Indian banks anticipate a reduction of up to 50 basis points in their funding costs due to a surge in liquidity from robust Foreign Currency Non-Resident (Bank), or FCNR (B), flows, lessening their reliance on more expensive certificates of deposit (CDs).
Indian benchmark indices Sensex and Nifty saw a significant rebound in early trade, with the Sensex surging over 700 points, driven by a decline in crude oil prices, easing concerns over Federal Reserve tightening, and the appointment of Anup Bagchi as the new MD and CEO of HDFC Bank.
Non-banking financial companies (NBFCs) experienced a significant 68.5 per cent year-on-year growth in gold-backed credit in July 2026, while banks saw their gold loan growth moderate to 88.1 per cent from 136.4 per cent a year prior, according to RBI data.
The Reserve Bank of India (RBI) has marginally raised its retail inflation forecast for the current fiscal year (FY27) to 5.2 per cent from 5 per cent, citing increasing price pressures across various commodities. Concurrently, the Monetary Policy Committee (MPC) unanimously decided to hike the key interest rate (repo) by 25 basis points to 5.5 per cent, shifting its stance to 'calibrated tightening'.
India's foreign exchange reserves saw a significant increase of USD 6.295 billion, reaching USD 696.988 billion for the week ending May 8, as reported by the Reserve Bank of India.
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.
A report in the Reserve Bank of India's (RBI's) monthly bulletin suggests that satellite-based night-time lights data and Google search trends can significantly improve quarterly economic growth estimates for Gujarat, Maharashtra, and Karnataka, reducing errors by up to 62 per cent.
The Reserve Bank of India (RBI) has rejected Tata Sons' application to surrender its non-banking finance company (NBFC) licence, a decision that mandates a public markets listing for the conglomerate's holding company as it is classified as an upper-layer NBFC.
Indian benchmark indices, Sensex and Nifty, closed largely unchanged after a volatile trading session, influenced by persistently high crude oil prices, selling pressure in major bank stocks, and investor caution ahead of the US Federal Reserve's policy decision.
Fitch Ratings has increased India's GDP growth forecast for the current fiscal year (FY'27) to 6.9 per cent, up from 6.4 per cent, attributing the revision to robust economic growth in the June quarter and overall economic resilience. The agency also anticipates the Reserve Bank of India (RBI) will raise interest rates by 0.25 per cent in October.
Indian banks and non-banking financial companies (NBFCs) are undertaking a comprehensive review and reset of their engagement terms with fintech firms, driven by the Reserve Bank of India's (RBI) draft Guidance on Regulatory Expectations for Data Governance and the stringent compliance requirements of the Digital Personal Data Protection (DPDP) Act, 2023, and its 2025 Rules.
Indian benchmark equity indices, Sensex and Nifty, rebounded in early trade after a three-day slide, driven by strong buying in blue-chip bank stocks and a firm trend in global markets, supported by easing US bond yields and record foreign-currency deposit inflows.
ICICI Bank has successfully raised $1 billion through a five-year senior unsecured US dollar bond, marking its first public dollar bond issuance since 2017 and the largest single-tranche US dollar bond issuance by an Indian issuer so far this year.
After a significant 9.9% depreciation in FY26, the Indian rupee has shown comparative stability in the first half of FY27, depreciating by only 1.1%, attributed to regulatory interventions and measures to attract foreign capital, despite ongoing global pressures from rising crude oil prices and foreign investor outflows.
India's banking system liquidity has fallen to its lowest level in over three weeks, driven by robust credit growth and potential RBI intervention in the foreign exchange market, according to the latest data from the Reserve Bank of India.
The Reserve Bank of India (RBI) has introduced a new framework allowing banks to offer differential interest rates on bulk deposits based on their liquidity characteristics under the Liquidity Coverage Ratio (LCR) framework, while maintaining the principle of uniform pricing across similar deposits.
Analysts predict that the Reserve Bank of India's interest rate decision, crude oil prices, and global bond yields will be the primary factors influencing the Indian stock market this week, alongside macroeconomic data and foreign investor activity.
Despite large inflows of foreign funds mobilised through the Reserve Bank of India's (RBI's) concessional swap schemes, the rupee has seen little impact because the dollars have largely been absorbed into the central bank's reserves instead of being released into the spot market, according to market participants.
India's foreign exchange reserves increased by $9.9 billion to $716.9 billion for the week ended August 14, as reported by the Reserve Bank of India (RBI). This surge follows a previous jump of $14.14 billion in the week prior, indicating a robust recovery after a period of decline earlier this year.
India's foreign exchange reserves increased by USD 2.362 billion to reach USD 703.308 billion for the week ending April 17, as reported by the Reserve Bank of India (RBI).
The Reserve Bank of India (RBI) has endorsed the introduction of a Merchant Discount Rate (MDR) on UPI transactions exceeding Rs 2,000, effective October 15. This move, which levies a 0.4 per cent fee on merchant payments above the threshold, aims to bolster the long-term sustainability and growth of India's digital payments ecosystem. The RBI clarified that person-to-person (P2P) transactions and small person-to-merchant (P2M) payments below Rs 2,000 will remain free for users, ensuring no direct charge on customers.
A Mumbai court has ordered the release of two Chhattisgarh residents arrested in a cryptocurrency investment fraud case, declaring their arrest "illegal" due to police not following mandatory procedures. The magistrate also directed the DCP to take action against the investigating agency for lapses, highlighting violations of BNSS sections and the failure to obtain transit remand.
Festive shopping on EMIs and credit cards can leave households struggling with debt after Diwali. A clear repayment plan, prioritising expensive loans and refinancing wisely can help borrowers regain control of their finances.
A report by IIT Bombay suggests that the proposed Merchant Discount Rate (MDR) framework for Unified Payments Interface (UPI) transactions needs rationalisation before implementation to safeguard public trust in the digital payments system, highlighting that UPI's long-term economic benefits outweigh potential incremental income from merchant fees.
State Bank of India Chairman C S Setty stated that banks will take three to four months to deploy the significant funds mobilised through foreign currency non-resident (bank), or FCNR(B), deposits, which is unlikely to cause "abnormal lending". He also highlighted the need for agentic artificial intelligence (AI) costs to fall sharply for its widespread deployment in India, envisioning its role in transforming banking from fraud detection to personalised financial assistance.
Phishing sites mimicked SBI, ICICI Bank and Axis Bank to steal card details and OTPs.
Sashidhar Jagdishan, the managing director and CEO of HDFC Bank, has announced his decision not to seek reappointment and will retire at the end of his current term on October 26, concluding a six-year tenure marked by significant regulatory and governance challenges, including RBI restrictions, a major merger, and scrutiny over alleged illegal payments.
New investors should avoid a lumpsum investment after last year's big rally. Limit gold to 5 to 10 per cent of the portfolio and hold for 5 to 10 years.
N Chandrasekaran and Noel Tata are expected to attend the Tata Steel board meeting on November 7 to approve Q2 results and the Tata Sons board meeting in the second half of November.
The Tata Sons board has voted to reappoint N Chandrasekaran as chairman for a third five-year term, a decision influenced by the Reserve Bank of India's rejection of the company's application to surrender its NBFC registration, which revives the prospect of a stock market listing.
The Reserve Bank of India (RBI) has debunked reports of gold sales, stating that its physical stock of gold remains unchanged at 880.52 tonnes, countering claims of selling approximately USD 12 billion to protect foreign-currency reserves.
"Pressure on the current account is a temporary problem. Sooner rather than later, our external sector will improve," said RBI Governor Sanjay Malhotra.
'Once you're wrestling with making a merger of that scale value-accretive, you're also under pressure to keep growing the balance sheet and chasing liabilities, and other things start to slip as a consequence.'
Indian equity markets, led by the Nifty 50, saw gains following a pullback in Brent crude prices towards $101-102 a barrel and weaker-than-anticipated US jobs data, which eased concerns about a Fed rate hike. However, analysts caution that markets are likely to remain volatile in the near term.
India's foreign exchange reserves increased by USD 964 million to USD 675.157 billion in the week ending July 10, according to the Reserve Bank of India.
