Economy and policy news

Marcellus Promises Niche Products Over 'Plain Vanilla' After Final SEBI Nod For Mutual Fund

Marcellus Investment Managers, founded in 2018, is moving beyond PMS and AIF into mutual funds, with asset allocation solutions on the agenda.

Mutual Funds

Two tractor stocks: Escorts Kubota shares fall 6%; VST Tillers shares rally 5% after September sales

Escorts Kubota shares fell sharply on Thursday after September tractor sales declined 16.7% year-on-year, while VST Tillers shares rose 5% as total sales jumped 33%. Escorts cited…

2 outletsMonetary Policy

GST state-wise collection September 2026: Assam jumps 88%, UP 18%; Tamil Nadu falls 5%

India’s gross GST collections rose 14.7% year-on-year to ₹2.04 lakh crore in September, but state-wise growth remained uneven. Assam and Manipur posted sharp increases, while…

Taxation

India cannot afford to take its growth performance for granted: Monthly Economic Report

India’s real GDP grew 7.8% in the first quarter of FY27, the highest first-quarter growth in the current series, with manufacturing, construction and services contributing to the…

GST Collections Rise 14.7% YoY to Rs 2.04 Lakh Crore In September

GST collections in September rose 14.7% year-on-year (YoY) to Rs 2.04 lakh crore. Net GST revenue rose 18.1% to Rs 1.77 lakh crore, the government data showed.

2 outletsTaxation

Gandhi Jayanti 2026: Are Banks Open Or Closed Tomorrow On October 2? Check RBI Holiday

Gandhi Jayanti 2026: Banks across India will remain closed on October 2. Check the RBI bank holiday status and whether digital services will work.

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No relook at bourses' self-listing rule for now, says Sebi chief

"There is no such thing at the moment," Tuhin Kanta Pandey said when asked about the possibility of setting up a panel to examine self-listing of exchanges.

NSE moves closer to corporate bond index futures after Sebi nod

NSE has received Sebi's no-objection certificate to introduce corporate bond index futures, with the proposed product still requiring RBI approval.

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Growpital case: Sebi to refund money directly to investors for first time

Securities and Exchange Board of India has ordered a refund for investors affected by Growpital's scheme. The refund will involve ₹192.88 crore raised from over five thousand…

Flipkart weighs ESOP cash-out amid staff unease, senior departures

Flipkart is considering another Esop programme that may allow eligible employees to cash out a larger share of their vested holdings, as uncertainty over its IPO and future…

Monetary Policy

New RBI FD rules from Oct 1: Who will see changes and why most retail FD holders need not worry

Customers planning to invest or renew a large fixed deposit will need to check the applicable rate more carefully from October 1. Here’s what the new RBI framework says.

RBI net short forward position rises to $200 b

In August, the Reserve Bank's net short forward positions increased significantly to $200 billion. This rise follows a net short position of $136 billion recorded in July. Long…

Claude, New Yorker, Bandcamp: RBI rules leave international card payments in grey area

New regulations from the Reserve Bank of India will mandate reporting of international credit card transactions starting October 1. Consumers may need to provide details on all…

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Govt Grants Security Clearance To New Air India CEO Tewolde Gebremariam

Tewolde Gebremariam will formally take charge as MD and CEO of Air India.

Record El Nino Now Threatens Winter Crop As India Sees Worst Monsoon In Over A Decade

Citi says deficient rains, low reservoirs and a record El Nio could put India's winter crops and food prices under pressure.

Crisil Ups FY27 GDP Growth Forecast To 7% On Expected Strong H1

The second factor will be monsoon, which is currently at 12% below long-term averages, and likely to impact the winter crop as well.

Credit Ratings

Where to invest after an asset bubble bursts? Nilesh Shah of Kotak makes the case for public markets

Kotak AMC’s Nilesh Shah says public markets can offer opportunities after asset bubbles burst, as distressed valuations emerge. Multiples’ Renuka Ramnath highlights private…

2 outletsMutual Funds

RBI MPC meet: Why your borrowing costs may go up from October

High oil prices and weak monsoon, which will weigh on food prices, are likely to push up inflation, and in this backdrop, RBI may raise the repo rate by 25 bps each in October and…

Monetary Policy

India Logs Driest Monsoon Since 2015 As June-Sept Rains End 12.6% Below Normal

India's southwest monsoon ends 12.6% below normal, marking the country's driest June-September rainfall season since 2015.

India bonds end choppy quarter at over 2-year lows as rate hike bets mount

Indian government bonds closed the quarter at their weakest levels in more than two years. Fluctuations in oil prices and rising global yields influenced market conditions…

Monetary Policy

Cabinet Clears Rs 1,790 Crore Overhaul For Delhi Traffic System With AI Signals, Real-Time Monitoring

The Cabinet has approved a Rs 1,789.52 crore Intelligent Traffic Management System covering 42 Delhi traffic corridors, with rollout planned in three phases over 24 months.

Tax Authorities Flag Fake E-Waste Claims by Haier, Godrej & Boyce, Blue Star: Report

The companies were also accused of wrongly claiming tax credits totalling around $714,000 for recycling services that investigators said were never actually provided.

India's Fiscal Deficit Widens To 41.9% Of FY27 Target; Capex Rises To Rs 7.1 Lakh Crore

The government has pegged its fiscal deficit target for FY27 at 4.3% of GDP, or Rs 16.96 lakh crore.

Capex & Expansion

Cabinet Approves PM DHARA Scheme With Rs 1.86 Lakh Crore Outlay In Big Renewables Push

Union Cabinet has approved PM Dhara Scheme with a total outlay of Rs 1.86 lakh crore.

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Cabinet clears ₹2.79 lakh crore package: Rabi MSP hike, PM DHARA and Delhi traffic system

The largest allocation, ₹1,86,405 crore, has been approved for PM DHARA (Developing Harmonized and Accelerated Renewable Energy Access), a programme aimed at developing and…

Energy Transition

Can NSE shares trade on its own platform? Sebi chief says no panel considering self-trading in exchange shares

Sebi Chairman Tuhin Kanta Pandey said the regulator is not currently considering self-listing or self-trading of exchange shares, days after NSE CEO Ashish Kumar Chauhan suggested…

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JSW Cement to merge its listed subsidiary Shiva Cement with itself

JSW Cement Ltd, part of Sajjan Jindal-led JSW Group, will merge with its listed subsidiary Shiva Cement, a move that will create a "single unified cement platform" and unlock…

Infrastructure

IRDAI insurance reforms: IBAI warns commission caps could hurt policyholders, jobs and growth

The Insurance Brokers Association of India (IBAI) has raised concerns over IRDAI’s proposed insurance distribution reforms, warning that commission caps and lower expense limits…

Five-day banking week: Panel to discuss proposal today; RBI, finance ministry to take final call

Panel may consider staggered weekly offs to keep banks open on two Saturdays each month.

₹25,000-crore SP Group liquidity plan separate from Tata Sons listing, says Tata Trusts

Speaking on the proposal to restructure Tata Sons, Tata Trusts consultant Farokh Subedar said the Trusts were working with Tata Sons and the SP Group on a liquidity solution that…

Monetary Policy