Economy and policy news

S&P ups India's FY27 GDP growth forecast to 7%

S&P Global Ratings raised India's GDP growth projections for the current fiscal to 7 per cent, citing robust economic activity and forecasting that the RBI could hike interest…

Monetary Policy

India PMI points to firmer improvement in business conditions across private sector economy

The HSBC Flash PMI data for September pointed to a firmer improvement in business conditions across Indias private sector economy. Output growth ticked higher at both…

RBI's Supervisory Data Quality Index sees good improvement in June quarter

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India bonds little changed; traders track oil moves in run-up to RBI decision

Indian government bonds remained stable early on Wednesday, supported by lower oil prices amid selling pressure. The benchmark 10-year yield hovered around 7% after declining…

Monetary Policy

Govt will be cautious about Adani Group's airline plans amid conflict of interest concerns, says aviation minister Ram Mohan Naidu

In a letter dated June 4, Adani Airports CEO Arun Bansal mentioned that Adani Defence & Aerospace is evaluating starting an airline as part of the group’s existing aviation…

Defence

ETMarkets Smart Talk| STT, GST, brokerage, UPI charges: Varun Saboo on the hidden cost of frequent trading

In this episode of ETMarkets Smart Talk, Varun Saboo, Head – Equities at Anand Rathi Share and Stock Brokers, breaks down the hidden cost of frequent trading, explains why the…

Taxation

CD rates move in opposite directions amid liquidity surge

Within the Indian financial landscape, the contrast between short- and long-term certificate of deposit rates is becoming increasingly evident. Short-term rates are experiencing a…

Monetary Policy

CD rates diverge as liquidity surges, rate hike bets rise

Within the Indian financial landscape, the contrast between short- and long-term certificate of deposit rates is becoming increasingly evident. Short-term rates are experiencing a…

Monetary Policy

WACR tops repo rate for first time in nearly 2 months

Liquidity in the banking sector has contracted to below ₹5 lakh crore, causing the weighted average call rate to rise to 5.31%. The Reserve Bank of India is undertaking actions to…

Monetary Policy

RBI warns banks against a loan price war

In situations where banks are inundated with liquidity, the natural tendency among many lenders is to push loans and go down the credit matrix. The fear is that such aggressive…

2 outletsMonetary Policy

Sebi to address concerns over settlement price for derivatives on expiry days, says chief Tuhin Kanta Pandey

"Having successfully established the Closing Auction Session as an important market structure reform, we intend to address concerns in respect of settlement price for derivatives…

2 outlets

Adani Group companies settle Sebi cases for ₹1.5 crore

The agreement resolves adjudication proceedings involving five group firms over alleged related-party disclosure lapses and auditor compliance issues without admission of guilt.

3 outletsGovernance

India bonds rally as oil below $100 calms inflation jitters

India, which imports roughly 90% of its crude oil needs, is particularly exposed to swings in global oil prices, with elevated oil prices and a weak monsoon raising inflation…

Monetary Policy

SEBI settles proceedings linked to Hindenburg report against 5 Adani firms for ₹1.51 crore

SEBI has settled adjudication proceedings against five Adani Group entities after examining alleged related-party transaction disclosures and corporate governance issues. The…

6 outletsGovernance

Four Of 11 Automakers Have Outperformed Since The GST Cut — Here's What's Next

GST boost lifted auto demand. Can earnings—and stocks—keep pace?

Taxation

RBI bond sales, FX intervention help halve India's cash overhang

Sustained Reserve Bank of India action through bond sales, foreign exchange swaps, and rupee defence has helped more than halve the banking system's liquidity surplus, bankers…

Monetary Policy

UPI MDR GST: NPCI says small merchants and 96% of transactions remain unaffected from October 15

From October 15, merchant payments (P2M) above Rs 2,000 will attract an MDR of 0.4%, subject to an overall cap of Rs 300. A concessional flat MDR of Rs 5 will apply to…

Taxation

Equitas Small Finance Bank Gets Rs 534 Crore GST Demand Notice From Tamil Nadu Authority

The bank said it has consistently followed this treatment and that assessments for prior years were completed without treating the relevant exempt interest income as taxable…

Taxation

Indian bonds steady as RBI rate hike expectations strengthen

Bond yields for Indian government securities showed little fluctuation as markets brace for ongoing liquidity withdrawals. Specifically, the yield for the benchmark 2036 bond…

Monetary Policy

South Korean pension fund seeks India government bond investment licence

India has been trying to draw ​more foreign capital into government bonds through easier registration, lower taxes and by targeting entry into global bond ‌indices

2 outlets

Govt brings new BIS rule for phone screen protectors: What buyers need to know

The Indian government has announced a new rule requiring BIS certification for all mobile phone screen protectors starting April 1, 2027.

Government of India announces the sale of one dated security for a notified amount of ₹34,000 crore

The Government of India (GoI) has announced the sale (issue/ re-issue) of (i) 6.94% GS 2036 for a notified amount of Rs 34,000 crore. The auction will be conducted using multiple…

RBI revises foreign currency deposit inflows under FCNR(B) upward to USD 133 bn

The Reserve Bank on Monday upwardly revised the collections under the special Foreign Currency Non-Resident (FCNR-B) deposit scheme to USD 133 billion till August 31, the closing…

India's prospects bright but tax rules a worry: JPMorgan CEO Jamie Dimon

JPMorgan CEO Jamie Dimon said India has strong long-term prospects but inconsistent tax rules, regulation and policy uncertainty continue to concern foreign investors

Core sector growth at three month low

India's Core sector rose 4.8% in Aug, compared with 6.2% a year ago, official data released on Monday showed. Sequentially, the growth marked a slowdown from a downwardly revised…

Sebi taps AI in growing fight against market manipulation and fraud

India's markets regulator is using AI and machine learning to scan trading data, social media and derivatives activity for anomalies as complex markets challenge traditional…

ETMarkets Smart Talk | Fed, inflation, rupee: How investors should navigate India’s 7%+ bond yields, says Vineet Agrawal

With the 10-year government bond yield moving above 7%, investors are once again facing a key question: is this an opportunity to lock in attractive yields, or could rates move…

Monetary Policy

BT Big Story: How the FCNR(B) deluge has created two new problems for the RBI

Massive foreign currency inflows through the FCNR (B) route may have helped stabilise a rapidly falling rupee and boosted forex reserves, but it has saddled the Reserve Bank of…

Monetary Policy

Who is Abhishek Manu Singhvi? The veteran lawyer at the centre of Tata Trusts' fight for control

Born on February 24, 1959, in Rajasthan, Singhvi comes from a legal family.

Bandhan Bank promoter to gradually reduce stake to meet RBI norms

Bandhan Financial Services will reduce its stake in Bandhan Bank gradually. The promoter aims to comply with RBI regulations by 2030. Recent share sales occurred on the open…

2 outletsPromoter Activity