Bank of Baroda reports retail inflation is expected to stay within the RBI’s projections for Q1 FY26, aided by a favorable base effect and deflation in essential foods. The BoB ECI shows a decline, driven by price drops in vegetables and pulses due to improved production.
Prime Minister Modi’s visit to Brazil for the Brics Summit underscores India’s commitment to deeper economic integration within the bloc. Business leaders are advocating for the removal of trade barriers and the promotion of local currency trade. India’s digital transformation is being showcased as a model for other emerging economies, with calls for sharing successful…
OPEC+ members, including Saudi Arabia and Russia, are expected to agree on a 411,000 barrels per day production increase for August, continuing their strategy of gradually raising output. Despite potential shortfalls due to non-compliance from some nations, analysts anticipate minimal price impact.
SEBI has banned four Jane Street entities operating as foreign portfolio investors in India, accusing them of market manipulation. The regulator demands nearly Rs 4,850 crore in illegal gains be disgorged. Jane Street allegedly manipulated stock and F&O markets using aggressive buying and selling strategies.
Finance Minister Nirmala Sitharaman urged decisive collective action from the Global South to address uncertainties stemming from fiscal constraints and geopolitical shifts. Speaking at the New Development Bank’s annual meeting, she emphasized the pivotal role of Multilateral Development Banks in catalyzing public and private investments.
Attracted by a weak rupee, NRIs significantly increased their foreign currency deposits, with net inflows rising 11% to $7.1 billion in FY25. This surge follows previous outflows during the pandemic. Relaxed interest rate caps by the RBI also contributed to the growth of FCNR (B) accounts, offering tax-free interest and protection from exchange rate fluctuations.
Reliance Jio is expected to surpass Bharti Airtel in revenue and ARPU growth, driven by strong FWA additions. While Airtel’s ARPU may be higher, Jio’s subscriber growth is significant. Vodafone Idea is projected to stabilize its user base with improved network and 5G expansion, though lagging behind in the 5G race. Tariff hikes are anticipated…
Tata Steel faces a Rs 1,902 crore demand notice from the Deputy Director of Mines, Jajpur, concerning an alleged shortfall in mineral dispatch from its Sukinda Chromite Block in Odisha. The demand, linked to a revised assessment under the Mine Development and Production Agreement, is contested by Tata Steel.
India’s foreign exchange reserves experienced a significant increase of $4.84 billion, reaching $702.78 billion for the week ending June 27, according to RBI data. This surge brings the reserves closer to the record peak observed in late September 2024. While gold reserves saw a decrease, the country’s SDRs and reserve position with the IMF both…
