Bank of Baroda projects retail inflation to average 3.1% in FY2025-26, potentially dipping lower due to GST cuts reflecting in prices. August 2025 saw consumer inflation at 2.1%, driven by falling food prices, with the food price index in deflation for the third month. Despite weather disruptions, vegetable supplies remain stable, and inflation stays within…
India aims to elevate at least two public sector banks into the world’s top 20 by 2047, leveraging improved financial performance and reduced NPAs. The PSB Manthan 2025 focused on modernization, governance, and global competitiveness. Discussions included digital transformation, risk management, and priority sector lending to achieve this ambitious goal.
India’s self-reliance push is yielding results as companies in automobiles, electronics, and FMCG sectors significantly reduce import dependence. Supported by PLI schemes and import restrictions, firms like Maruti Suzuki and Dixon Technologies have notably decreased foreign exchange outflows.
In August, a Crisil report indicated that the U.S.’s 50% tariff hike on Indian imports tightened domestic financial conditions, significantly impacting equity markets. Foreign portfolio investors continued net outflows, particularly in equities, while the rupee weakened against the dollar. Despite these pressures, expectations of GST revisions and potential credit rating upgrades limited market declines.
Oracle’s stock surged by 36% following multi-billion-dollar AI cloud deals, briefly making Larry Ellison the world’s richest person. This rally minted hundreds of new millionaires among Oracle staff, thanks to restricted stock units. An engineer in Bengaluru now values his portfolio at Rs 1.5 crore.
Prime Minister Narendra Modi inaugurated Mizoram’s first railway line, the Bairabi–Sairang broad-gauge project, a significant boost to the state’s connectivity. The project, costing Rs 8,070 crore, features complex engineering, including numerous tunnels and bridges. This new line directly links Aizawl with the Indian railway network, enhancing logistics, tourism, and daily life for residents.
Fitch has downgraded France’s credit rating to A+ due to concerns over rising public debt, projecting it to reach 121% of GDP by 2027. This action follows a failed confidence vote and political fragmentation, hindering fiscal consolidation efforts.
Tata Power launched Mumbai’s first MegaCharger hub amid concerns about a skilled manpower shortage hindering EV infrastructure growth. A TERI-MBRDI study emphasizes the urgent need for trained professionals to manage charging stations, highlighting gaps in training and standardization. While public charging points have increased significantly, experts stress that talent readiness must align with hardware deployment…
