South African President Cyril Ramaphosa on Friday described BRICS as an important global forum, highlighting the grouping's growing demographic and economic weight and noting that its members account for around half of the world's population and 40 percent of global GDP.
'The large number of tariff lines in the 90-99 per cent band highlights how deeply embedded Chinese sourcing has become in India's electronics imports.'
AM Green Ammonia has won the Asian lot in H2Global's auction, securing a 10-year agreement to supply renewable ammonia to Germany, valued at over 585 million euros. This deal positions India as a significant exporter of green molecules, with production slated for AM Green's Kakinada project, utilising renewable power and aiming for 2029 deliveries.
The Congress party has announced a significant organisational reshuffle in its Uttar Pradesh unit, appointing Aradhana Misra-Mona as president and Imran Masood as working president. This strategic move comes ahead of the state assembly elections next year and aims to strike a social balance while strengthening the party's position in the crucial state.
Two Indian nationals have been charged in a US federal court for their alleged involvement in a transnational scheme to distribute counterfeit Ozempic, a popular diabetes drug. The scheme involved obtaining fake drugs from China, deceptive packaging, and continued even after FDA warnings, with the accused facing significant jail time if convicted.
The National Stock Exchange marked its stock market debut at the Bombay Stock Exchange on September 24, 2026, with a traditional gong-ringing ceremony.
India's ruling Bharatiya Janata Party (BJP) is actively courting Sri Lanka's Janatha Vimukthi Peramuna (JVP), a Marxist party with strong Sinhalese nationalist roots, marking a significant shift in bilateral relations despite ideological differences. This engagement, highlighted by a recent high-profile visit by JVP leader Tilvin Silva, aims to foster cooperation on economic projects and address New Delhi's concerns over slow progress in India-aided initiatives in the island nation.
The Central Bureau of Investigation (CBI) has arrested Ankit Satishchandra Pandey in connection with a transnational cyber-financial fraud case. Pandey allegedly defrauded US nationals of over USD 7 million by impersonating US federal agency officials through illegal call centres in Gujarat, coercing victims into transferring funds and purchasing gold.
India may press for an automatic review mechanism in its proposed interim trade deal with the United States (US), mirroring a sunset clause introduced by the European Parliament in its trade agreement with Washington, people aware of the negotiations said. The European Parliament last week approved the EU-US trade deal but inserted a sunset clause requiring the arrangement to expire on December 31, 2029, unless both sides agree to extend it.
Indian stock market investors are closely monitoring crude oil prices, geopolitical developments in West Asia, and the implications of the US Sanctioning Russia and Iran Act, which could impose tariffs on countries, including India, that purchase Russian crude.
India's Goods and Services Tax (GST) receipts, after accounting for refunds, surged by 18.1 per cent annually to approximately 1.77 trillion in September, marking its fastest growth in six months. This increase was primarily driven by a significant rise in tax revenue from imports, which grew 26 per cent annually.
Indian boxer Sachin Siwach secured a hard-fought split-decision victory over Jordan's Mohammad Adnan Abu Jajeh to advance to the men's 60kg quarterfinals at the Asian Games, moving one step closer to a medal.
External Affairs Minister S Jaishankar met US Secretary of State Marco Rubio on the sidelines of the UN General Assembly session in New York. India raised its concerns regarding the recently signed "Lindsey O. Graham Sanctioning Russia and Iran Act of 2026," which authorises tariffs on countries buying Russian oil and gas. Both leaders also discussed bilateral relations, regional priorities, and the situations in the Gulf and Ukraine.
The state government has directed the concerned officials in Jamui to ensure speedy punishment for the accused in the case to send a message that the government will not tolerate such incidents.
Iranian President Masoud Pezeshkian declared that Iran will not succumb to "bullying" from the US and Israel, vowing to protect national interests amidst escalating West Asian hostilities. During his visit to New Delhi for the BRICS summit, Pezeshkian also discussed strengthening bilateral ties with Prime Minister Narendra Modi and advocated for local currencies in BRICS trade, positioning Iran as a strategic energy and transport partner.
Sandeep Mistry, a key associate of fugitive businessman Nirav Modi, has been arrested by the CBI after his deportation from the UAE. Mistry is implicated in the Rs 6,498.20 crore Punjab National Bank scam, where he allegedly facilitated forged documents, coerced dummy directors, and siphoned funds. He has been remanded to judicial custody.
The Indian corporate sector demonstrated strong credit quality in the first half of FY27, driven by robust balance sheets and healthy liquidity, despite facing risks from elevated crude prices, inflation, and global interest rates.
An IIT Madras study reveals that financial cybercrime victims in India are often highly educated professionals, challenging the notion that only careless or financially unaware individuals are targeted. The research highlights that digital literacy doesn't guarantee protection, as fraudsters exploit stress and emotional vulnerabilities.
Li Wenwen secured +86kg Asian Games gold with 310kg and two Games records, then revealed her unusual floor-sleeping routine remains unchanged as she targets future Olympic success.
Indian boxer Sachin Siwach has advanced to the men's 60kg quarterfinals at the Asian Games with a 4-1 victory over Mohammad Adnan Abu Jajeh. Meanwhile, last edition's bronze medallist Preeti Pawar was eliminated after a 0-5 loss to North Korea's Pang Chol M in the women's 54kg round of 16. Siwach is now one win away from securing a medal.
Meesho, a value-commerce platform targeting middle- and lower-income geographies, is poised for significant growth driven by its asset-light model and low fulfilment costs, but faces intense competition from e-commerce giants and high valuations.
Twenty-five years after the September 11 attacks, the 9/11 Memorial & Museum remains a place of remembrance, resilience and reflection, discovers Tanisha Mehrotra.
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.
If the new MDR regime is rolled out from the middle of this month, as scheduled, it should count as one of the boldest political actions by the Modi government on an economic-policy issue, and a signal that it is less worried about erosion of political capital it draws from one of its key constituencies, notes A K Bhattacharya.
Shares of fintech firms, particularly Paytm, saw significant movement after the Indian government introduced a 0.4 per cent fee on UPI transfers exceeding Rs 2,000 made to merchants, effective October 15.
Indian benchmark indices, Sensex and Nifty, experienced declines in early trade due to elevated crude oil prices, escalating US-Iran hostilities, and renewed concerns over a potential US interest rate hike.
India-EU FTA opens a bigger European market for Indian carmakers while giving European brands greater access to India.
Police in Ferozepur, Punjab, have arrested three alleged drug smugglers and seized over 6 kg of heroin. The arrests were made during a CIA operation based on credible inputs, intercepting the accused near Saddu Shah Wala village. Two other individuals, including the main accused who allegedly received drone-dropped consignments, remain absconding.
US President Donald Trump and First Lady Melania Trump hosted a lavish state dinner for Chinese President Xi Jinping and his wife Peng Liyuan at the White House on September 24, 2026. The guest list featured a who's who of American tech and business leaders, including Jensen Huang, Tim Cook, Sundar Pichai, Elon Musk, Satya Nadella, Sam Altman, Mark Zuckerberg, Jamie Dimon and Jeff Bezos, alongside senior US officials.
The United States and India are on the verge of finalising a landmark bilateral trade deal, aiming to boost trade to USD 500 billion by 2030, according to US Deputy Assistant Secretary of State Bethany Poulos Morrison. The agreement seeks to open India's 1.4 billion-strong market to American goods on reciprocal terms, with ongoing high-level discussions to recalibrate the pact after recent changes in US tariff policy.
India's government is set to release its draft National Steel Policy for public consultation, aiming for over 600 million tonnes of steelmaking capacity and 500 million tonnes of consumption by 2047. The policy will also introduce a ~5,000-crore scheme to incentivise small steel producers for carbon emission reduction and address challenges like raw material availability and technological dependence.
Reliance Industries Ltd (RIL) has successfully raised a total of Rs 25,000 crore through domestic bond issues in September, including a recent Rs 13,000 crore 10-year bond at 7.90 per cent, as it prioritises funding certainty amidst expectations of a possible RBI rate hike and rising borrowing costs.
Rahul Gandhi, Leader of Opposition, met Malaysian Prime Minister Anwar Ibrahim for a breakfast meeting in New Delhi to discuss India-Malaysia relations. The meeting, also attended by Priyanka Gandhi Vadra, followed earlier talks between PM Narendra Modi and Ibrahim on trade, semiconductors, infrastructure, and defence. Malaysia is a key partner for India within BRICS and ASEAN.
US President Donald Trump has shared a map on Truth Social showing the Strait of Hormuz labelled as "Trump Strait".
A district consumer commission in Thiruvananthapuram has directed a cooperative bank to pay over Rs 14 lakh to a widow, Sheeba R, after it unlawfully denied her access to her deposited funds. The bank had cited an ongoing enquiry against its officials as a reason, but the commission ruled this was not a justifiable cause for withholding the money, especially given the woman's circumstances and need for funds for her mother's treatment.
India's Ministry of Power has notified the third phase of Corporate Average Fuel Economy (CAFE-III) norms for passenger vehicles, effective from April 1, 2027, which set relatively softer efficiency targets for lighter cars and demand greater improvements from heavier vehicles, a move expected to benefit manufacturers like Maruti Suzuki India.
New Delhi was told it had given something up; in reality it had stopped talking about it, notes Dr Abhishek Puri.
The BRICS summit in New Delhi brings together leaders from major emerging economies to address global challenges like trade disputes, geopolitical upheavals, and the economic impact of conflicts in Ukraine and West Asia. India, as chair, aims to position BRICS as an economic growth engine, focusing on the Global South's food, energy, and supply chain security. The summit also highlights the grouping's expansion and its growing influence in global governance.
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India's Chief Economic Advisor V Anantha Nageswaran stated that the country's balance of payments (BoP) pressure is expected to remain a continuous challenge due to rising imports, commodity dependence, high global interest rates, and intense competition for capital.
