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The Economic Times
The Economic Times Are CFOs ready for the storm?
While the manufacturing is showing signs of growth, the question is whether it will continue? If yes, at what speed? But the bigger picture that CFOs are spending time to decode is still the global dynamics. The geopolitical tensions have not reduced. The market fall this week suggests that the storm is coming. The worry of El-Nino is hovering over the industries and the statement from the government that there could be a food crisis is worrisome. This will have a huge impact on the labour, commodity and raw materials. So, how should CFOs prepare for this storm?
The Economic Times Vedanta plans $200 million push to lift Rajasthan oil output
Vedanta Oil and Gas is increasing investment in Rajasthan to enhance crude output from existing wells. The company aims to invest approximately $200 million in 2026-27 across several fields in the region. Further, Vedanta plans to develop a new hub for gas growth in the northeast region. Enhanced-recovery techniques are being employed to increase production efficiency from their wells.
The Economic Times Need reforms for higher recoveries and speedier resolutions in IBC: IBBI Chair
Jayanti Prasad emphasized the need for reforms in India's debt resolution framework to improve realizations and safeguards. Justice Anupinder Singh Grewal suggested raising the financial threshold for insolvency case admissions to enhance efficiency. Prasad highlighted the regulator's aim to address delays and improper use of the Code.
The Economic Times Strong macro show takes shape in Q2 before festive rush
India's economy is experiencing significant growth, highlighted by a 14.7% increase in goods and services tax collections in September. Car sales surged by 21% year-on-year, indicating strong consumer demand during the festive season. Manufacturing activity is robust, contributing to a rise in the HSBC Purchasing Managers Index to a seven-month high.
The Economic Times India-Canada trade target: $70 billion in five years as CEPA talks speed up
Canada and India are targeting an increase in bilateral trade, aspiring to reach USD 70 billion in five years. Ongoing negotiations for a Comprehensive Economic Partnership Agreement are expected to conclude soon. Recently, the fifth round of negotiations is planned to take place in Ottawa on October 5. Both nations have emphasized the importance of collaboration in energy and critical minerals for economic growth.
The Economic Times HDFC Bank appoints Anup Baghchi as MD & CEO
Bagchi will take over from Sashidhar Jagdishan, who will complete his tenure as HDFC Bank’s MD & CEO at the close of business hours on October 26, 2026. His three-year term will run until October 26, 2029.
The Economic Times HDFC Bank names ICICI veteran Anup Bagchi as MD & CEO
Anup Bagchi has been appointed as the next Managing Director and CEO of HDFC Bank. His appointment is approved by the Reserve Bank of India starting from October 27. Bagchi will succeed Sashidhar Jagdishan, who concludes his term on October 26. In addition, Bagchi has been appointed as an additional director at the bank effective from October 2. His terms of remuneration will also be subject to RBI approval.
The Economic Times CAG flags GST e-way bill misuse using stolen, scrapped and fake vehicle data
A CAG audit has found widespread misuse of the GST e-way bill system, including use of stolen, scrapped and two-wheeler vehicles to generate transport documents.
The Economic Times India’s manufacturing PMI rises to 55.1 in September, hits seven-month high
India’s manufacturing Purchasing Managers’ Index (PMI), compiled by HSBC, rose to 55.1 in September from 52.8 in August, marking the strongest expansion in the sector in seven months. Stronger domestic and overseas demand boosted new orders and production, while hiring resumed and business confidence improved.
The Economic Times Anarock Property Consultants files papers for Rs 1,000 crore IPO
The proposed IPO comprises a fresh issue of equity shares aggregating up to Rs 550 crore and an Offer For Sale (OFS) of up to Rs 450 crore, according to the Draft Red Herring Prospectus (DRHP) filed on Wednesday.
The Economic Times DoorDash opens first India office in Hyderabad, plans to scale team to 3,000
The Hyderabad hub, located in Hitec City, will initially house CXI and general and administrative teams. Its CXI operation will support DoorDash’s global operations and customer support organisation, serving consumers, merchants and delivery workers across its markets.
The Economic Times Fiscal path hinges on direct taxes as customs, excise revenues face pressure: Report
India's fiscal trajectory will increasingly depend on the strength of direct tax collections due to lower customs duties. Indirect tax revenues are constrained by weaker excise collections, which affects overall government finances.
The Economic Times Inox Air Products files draft papers with Sebi for Rs 10,000-11,000 cr IPO
Inox Air Products Ltd has filed draft documents for an initial public offering (IPO) with Sebi, aiming to raise approximately Rs 10,000 to Rs 11,000 crore primarily through an offer-for-sale mechanism. The promoters plan to sell around 7.72 crore equity shares, facilitating an exit for select shareholders and seeking a stock exchange listing. Inox stands out as India’s leading producer of industrial and medical gases.
The Economic Times RBI likely to lift repo by up to 75 bps amid geopolitical uncertainty: Report
Reserve Bank of India may raise the policy repo rate by 50-75 basis points in the current cycle amid heightened macroeconomic headwinds and geopolitical uncertainty, a report said on Thursday.
The Economic Times Foreign capital is slipping away. Can India lure investors back?
India faces a tougher battle for foreign capital as FPI outflows rise and global investors shift money towards AI, semiconductors and manufacturing hubs in Taiwan and South Korea. India’s FDI prospects remain resilient, but policy uncertainty, tariffs, regulation and weak manufacturing competitiveness could determine whether it can attract long-term global investment.
The Economic Times Insurance penetration stays low as operating costs rise faster than premiums: McKinsey
India's insurance penetration is at 3.7 per cent of GDP, which is below the global average. While life insurance premiums grew, the number of individual policies sold declined in recent years. The Insurance Regulatory and Development Authority of India is examining changes to improve affordability and transparency in distribution costs. Constraints on insurance growth now relate more to product relevance and trust rather than access.
The Economic Times Bajaj Life Insurance elevates Vivek Gupta as Chief Operations and CX Officer
Bajaj Life Insurance has officially welcomed Vivek Gupta as its new Chief Operations and Customer Experience Officer. In this pivotal position, Gupta is tasked with overseeing operations, enhancing customer experiences, and driving the company's innovation strategy. With over 20 years in the insurance sector specializing in business transformation, he is poised to elevate customer trust and streamline service offerings under Tarun Chugh's confident leadership.
The Economic Times NSE gets SEBI nod for proposed Corporate Bond Index Futures
The National Stock Exchange of India (NSE) has received a No Objection Certificate (NOC) from the Securities and Exchange Board of India (SEBI) to introduce futures contracts on a Corporate Bond Index, a move aimed at providing market participants with an exchange-traded tool for managing corporate bond market risk.
The Economic Times GST collections surge 14.7% to Rs 2.03 lakh crore in September
India’s gross Goods and Services Tax (GST) collections for September 2026 rose 14.7% year-on-year to Rs 2,03,521 crore, driven by a 25.9% increase in import revenue and a 10.1% rise in domestic revenue. Net GST revenue stood at Rs 1,76,520 crore, registering an 18.1% year-on-year growth. Maharashtra, Karnataka and Gujarat were the leading contributors to GST collections among states.
The Economic Times NFRA flags deeper going concern scrutiny, sets out 35 questions for audit committees
Cash flows, promoter support, covenant breaches and future funding plans among key areas for auditor scrutiny under SA 570.
The Economic Times Export schemes extended amid West Asia crisis
The Centre extended the duty refund scheme Remission of Duties and Taxes on Exported Products (RoDTEP) and the Rebate of State and Central Taxes and Levies (RoSCTL) scheme for exporters of apparel, garments and made-ups by three months to December 31 along with continuing the enhanced insurance cover against payment defaults until March 31, 2027, for export consignments to West Asia under the Export Promotion Mission.
The Economic Times RBI’s success on dollar flows raises stakes in inflation fight & clamour for rate hike
India’s record $133 billion diaspora inflow has flooded banks with liquidity, pushing overnight rates below the RBI’s 5.25% policy rate. The Reserve Bank has already drained more than ₹1 trillion as food and oil prices fuel inflation concerns. Markets now expect further liquidity measures and are increasingly pricing in a possible RBI interest-rate hike.
The Economic Times India faces stiff capital-flow challenge amid global AI, manufacturing race
India is confronting significant challenges in attracting capital flows due to the evolving global investment environment. Developed countries are pursuing renewed manufacturing ambitions, which intensifies competition for capital. The artificial intelligence sector is driving capital investment across borders, affecting foreign direct investment. Despite signs of improving FDI inflows, short-term pressures on Indian assets and currency persist. Policymakers must respond effectively to this geopolitical and geoeconomic uncertainty to sustain growth.
The Economic Times Rupee trades in narrow range against US dollar in early trade
The Rupee traded at 95.97 against the US dollar, falling by 3 paise amid dollar demand. Reserve Bank of India interventions have prevented the exchange rate from breaching the 96.00 mark. Furthermore, sustained foreign portfolio outflows and firm US yields are putting pressure on the Rupee. The dollar index is near a two-month high, affecting emerging market currencies. Additionally, Brent crude prices decreased by 1.
The Economic Times India oil refiners change tactics and hire ships to cross Hormuz
Indian oil refiners are now hiring tankers to pick up crude oil within the Persian Gulf. This approach helps cut costs and secure supply chains amid changing geopolitical conditions. Recent Iraqi crude sales are on a free-on-board basis, giving Indian refiners better logistics control. The recovery of oil flows through the Strait of Hormuz significantly contributed to this strategic shift.
The Economic Times Sensex, Nifty open lower amid continued FII selling; auto, cement shares drag
Domestic equity benchmarks opened lower on Thursday amid continued foreign fund outflows with auto and cement stocks leading sectoral losses.
The Economic Times Oil prices barely changed as investors assess US-Iran peace talks and Gulf exports
Oil prices exhibited notable stability during the early trading hours in Asia as traders closely monitored the US-Iran peace discussions for potential ramifications. While Brent crude futures slightly increased, US West Texas Intermediate experienced a marginal dip. Analysts emphasized the need for significant developments in the negotiations to see a marked impact on prices. Additionally, signs of recovery in Middle Eastern oil exports further supported this price steadiness.
The Economic Times India Inc can weather 50 bps rate hike, El Nino impact: Crisil
Crisil Ratings stated that India Inc will manage the expected 0.50 percentage point rate hike. The agency also indicated that rural demand would remain unaffected by weather-related shortfalls. Credit performance outlook is stable despite geopolitical tensions from Middle Eastern conflicts. Growth in the banking system's credit and overall corporate credit stability appears promising for FY27.
The Economic Times Jio Finance, Allianz Europe invest Rs 320 cr each in JV Jio Allianz General Insurance
Jio Finance and Allianz Europe B.V. recently made a substantial investment of Rs 320.05 crore into Jio Allianz General Insurance Limited. This infusion of capital was executed through a rights issue aimed at bolstering the company's operational capacity. The investment underscores the commitment both companies have to their joint venture. Additionally, Jio Financial Services confirmed that this transaction is classified as a related party transaction.
The Economic Times India extends RoDTEP scheme till December 31, keeps export refund rates unchanged
The government extended the Remission of Duties and Taxes on Exported Products scheme until December 31, 2026. This extension ensures that exporters receive continued refunds for eligible duties and taxes incurred during production. The existing rates and caps for the scheme remain unchanged during this period. RoDTEP was introduced to help prevent embedded taxes from affecting the pricing of Indian goods abroad.
The Economic Times Venu Srinivasan seeks probe by Charity Commissioner into Tata Trust governance
Sir Dorabji Tata Trust trustee Venu Srinivasan has sought an immediate inquiry by the Maharashtra Charity Commissioner into alleged governance lapses at the trust, questioning Noel Tata's perpetual trusteeship and alleging attempts to prevent him from voting on the proposed listing of Tata Sons.
The Economic Times US H-1B lottery changes from October 1: What Indian workers should know about new wage-based selection system
Starting October 1, 2026, the US will implement a new H-1B visa selection method based on higher wages. This new system will give more entries to registrations at higher wage levels, improving chances for applicants. Indian professionals, who represent a significant portion of H-1B workers, will be particularly affected by these changes. Employers will need to provide evidence supporting wage claims during the registration process to avoid issues.
The Economic Times India to grow at 7% in FY27 as next phase of growth hinges on infra and deeper capital markets: S&P Global
India's economy is expected to grow at around 7.0 per cent in fiscal 2026-27, following a stronger 7.8 per cent growth in fiscal 2025-26, with the next phase of expansion likely to depend on infrastructure development, deeper capital markets and stronger financial intermediation, according to a report by S&P Global.
The Economic Times CEA warns of looming oil and rate pressures in India’s H2, sees Q2 growth at 7.3%
Chief Economic Adviser V Anantha Nageswaran noted that the second half of the fiscal year would be challenging. Rising oil prices and increased global growth risks create a tougher economic environment for India. The economy saw a 7.8% GDP growth in the first quarter, backed by strong indicators like GST collections and credit growth. Upcoming data suggested a GDP growth rate of around 7.3% for July and August.
The Economic Times Telcos, consumer groups clash over TRAI’s 5G slicing, coverage map and service quality rules
Telecom operators and consumer groups differed sharply over TRAI’s proposed rules for 5G network slicing, coverage map accuracy and service quality benchmarks. Airtel and Jio opposed the proposed 80% network resource utilisation threshold, while consumer groups backed it. Industry bodies also flagged net neutrality concerns and implementation challenges.
The Economic Times Tata Trusts vice chairman Vijay Singh flags SDTT 'meddling' in Tata Sons
Tata Trusts vice chairman Vijay Singh has approached the Maharashtra Charity Commissioner seeking an immediate inquiry into the administration and governance of the Sir Dorabji Tata Trust, including its involvement in Tata Sons’ commercial and strategic affairs. His move follows a similar complaint by fellow vice chairman Venu Srinivasan.
The Economic Times AI is pushing India campus hiring towards skills and job readiness
India’s campus hiring market remains resilient, but employers are becoming more selective, with demand concentrated in specialised skills, internships and job-ready graduates, according to Aon’s 2026-27 study. Hiring is expected to rise most for CA/CS graduates and interns, while campus pay is projected to increase modestly and internships remain a key route to full-time roles.
The Economic Times RBI may raise repo rate by 100 bps through H1 2027: BofA Securities
The Reserve Bank of India (RBI) may raise interest rates by a total 100 basis points through the first half of 2027, with Bank of America (BofA) Securities bringing forward its forecast for the first rate hike to October from December.
The Economic Times Wadhwa Group Holdings files IPO papers with Sebi through confidential route
Wadhwa Group Holdings Ltd has submitted preliminary documents for an Initial Public Offering to Sebi. The company is allowed to keep its draft offer documents confidential until the regulatory review progresses. Wadhwa Group has developed over 250 projects and operates in the Mumbai Metropolitan Region. Its customer base consists of over 35,000 clients, including more than 150 multinational corporations.
The Economic Times IPO Rush: Over 50 firms file DRHPs ahead of Sebi deadline
September 2025 marked a significant increase in Draft Red Herring Prospectuses submitted to Sebi with 55 submissions. Companies with a March 31 fiscal year end rushed to file before the September 30 deadline. Failing to meet this deadline could complicate their IPO plans, requiring updated audits and due diligence. The IPO market has surged since July, recovering from previous delays in activity.
The Economic Times 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 investors through unregistered entities. Sebi will verify investor details with Cashfree Payments before issuing refunds proportionately. Investors will receive interest at a rate of 12% per annum from the date of the interim order.
The Economic Times SEBI streamlining FPI onboarding process; no interoperability plans for exchanges: Chairman Tuhin Kanta Pandey
SEBI Chairman Tuhin Kanta Pandey firmly drew the line between market movement and regulatory mandate on Wednesday, declaring that while SEBI cannot force foreign capital into India, it is radically overhauling digital rails to make investor entry friction-free.
The Economic Times RBL Bank gets show cause notice with GST demand of over Rs 173 cr
RBL Bank has received a show-cause notice involving a GST demand of over Rs 173 crore. This demand relates to input tax credit claimed for the fiscal year 2022-23. The bank intends to respond to the notice from Maharashtra state's GST authorities. Previous favorable orders have led RBL Bank to believe it can contest this matter effectively.
The Economic Times Govt cuts diesel, ATF export levies from October 1; petrol duty unchanged
The Central Government has cut export levies on diesel and aviation turbine fuel (ATF) for the second consecutive fortnight, with the duty on diesel lowered to Rs 16 per litre and that on ATF to Rs 10.5 per litre from October 1, according to notifications issued by the Ministry of Finance.
The Economic Times State Bank of India buys nearly 40% of Reliance's $1.35 billion debt sale
State Bank of India, the country's largest lender, led the demand for Reliance Industries' 130-billion-rupee ($1.35 billion) 10-year debt sale completed on Wednesday, according to five sources familiar with the transaction.
The Economic Times India's shipments reach $399 billion, eyes $1 trillion export target: Report
India's export engine is gaining pace and breadth, with combined merchandise and services shipments reaching about $399 billion in April-August 2026, lending weight towards reaching the $1 trillion export target for the year, a new report has said.
The Economic Times India aligns development agenda with renewable energy and green policy: Report
India is increasingly aligning its development agenda with climate action, integrating renewable energy, energy efficiency and green industrial policy into economic planning rather than treating environmental goals as separate priorities, a new report has said.
The Economic Times RBL Bank gets show cause notice with GST demand of over Rs 173 cr
RBL Bank has received a show-cause notice involving a GST demand of over Rs 173 crore. This demand relates to input tax credit claimed for the fiscal year 2022-23. The bank intends to respond to the notice from Maharashtra state's GST authorities. Previous favorable orders have led RBL Bank to believe it can contest this matter effectively.
The Economic Times India Inc ratio of upgrades to downgrades at a decade high as corporates cut borrowings
Indian corporations are showing resilience with a robust credit ratio of 3.2x, as reported by ICRA. This positive trend is fueled by enhanced business strength and asset quality, while downgrades remain minimal. However, challenges like high crude prices and weak monsoons indicate potential agricultural slowdowns. Additionally, uncertainty around US tariffs poses risks for exporters and pharmaceutical companies.
The Economic Times JSW Cement to merge with listed arm Shiva Cement; board approves 5:41 swap ratio
JSW Cement has decided to merge with its subsidiary Shiva Cement to form a unified cement platform. This merger aims to unlock operational and financial synergies, enhancing backward integration and reducing external procurement. Additionally, it is expected to streamline the corporate structure and improve management efficiency while eliminating inter-company guarantees.
The Economic Times PMS has potential to grow over 20 pc CAGR as investment participation deepens: SEBI Chairman
As India's investment universe expands, portfolio management services (PMS) could potentially grow at more than 20 per cent annually, Securities and Exchange Board of India (SEBI) Chairman Tuhin Kanta Pandey said on Wednesday.
The Economic Times PMS regulation must evolve with industry, SEBI to cut compliance friction: Tuhin Kanta Pandey
Securities and Exchange Board of India (SEBI) Chairman Tuhin Kanta Pandey on Wednesday said regulation for portfolio managers must evolve with the industry's growth, with the market regulator seeking to reduce unnecessary compliance friction while enabling innovation without compromising investor protection.
The Economic Times Corporate Laws Bill: JPC seeks 25% ceiling on buybacks as Centre reworks rules
Panel backs two buybacks a year for specified companies but wants equity share limit retained in law, narrowing scope for a higher percentage to be prescribed.
The Economic Times Wadhwa Group Holdings files IPO papers with Sebi through confidential route
Wadhwa Group Holdings Ltd has submitted preliminary documents for an Initial Public Offering to Sebi. The company is allowed to keep its draft offer documents confidential until the regulatory review progresses. Wadhwa Group has developed over 250 projects and operates in the Mumbai Metropolitan Region. Its customer base consists of over 35,000 clients, including more than 150 multinational corporations.
The Economic Times ET Exclusive: Venu Srinivasan seeks probe into Tata Trusts over alleged governance lapses
Venu Srinivasan, trustee of Sir Dorabji Tata Trust and Sir Ratan Tata Trust, has sought an immediate inquiry into SDTT’s governance, alleging serious lapses and excessive involvement in Tata Sons’ commercial affairs. He has also challenged Noel Tata’s role in trust decisions and sought restrictions on his voting and trustee powers.
The Economic Times ALPA India seeks tax relief for pilots in FY28 Budget
ALPA India has called on the civil aviation ministry to advocate for tax relief initiatives to the finance ministry. These recommendations are designed to mitigate the growing pilot exodus to international airlines in tax-free regions. They propose enhancing transport allowance exemptions and augmenting customs duty-free allowances for returning crew members.
The Economic Times Oil stays above $103 after Trump denies easing sanctions on Iran
Rising oil prices are reflecting a renewed uncertainty over US sanctions on Iran, with Brent crude surpassing $103 a barrel and WTI hovering around $89. As Qatar works hard to ease tensions between the United States and Iran, Saudi Arabia has resumed oil exports from the Red Sea, aiding recovery in regional supply.
The Economic Times Rupee under pressure: Currency slips to 95.97 against US dollar
In the early trading session, the rupee opened at 95.87 against the US dollar but quickly fell to 95.97. This decline is attributed to strong demand for dollars from oil marketing companies. To curb the rupee's decline below the 96 mark, state-run banks are stepping in. Additionally, foreign portfolio outflows totaling around $2.2 billion this month are further straining the currency.
The Economic Times Nifty slips 0.16%, Sensex gains 132 points as investors weigh volatile crude
The Nifty 50 opened lower on Wednesday while the Sensex gained 0.18 per cent, as investors remained cautious amid volatile crude prices and concerns over global yields, with analysts expecting the market's near-term direction to depend on oil prices and key technical levels.
The Economic Times Britannia rejigs top brass: N Venkataraman new Deputy MD, R Jayaraman to be CFO
Venkataraman has been with the company since 2007 and will now oversee its finance, strategy, legal, secretarial and IT functions alongside Hargave, Britannia said. He previously worked in finance roles at Eicher Motors and Hindustan Aeronautics.
The Economic Times Oil climbs after Trump denies he is willing to ease sanctions on Iran
Oil prices surged following US President Donald Trump's clear stance of not easing sanctions on Iran. Meanwhile, Qatar voiced optimism for peace discussions between the US and Iran, focusing on finding shared interests. Additionally, September saw a notable rise in crude oil exports from the Middle East. In the US, crude and gasoline inventories increased last week, while distillate stocks fell.
The Economic Times 12% deficit: Rain report gives a dry reading
The impact is showing in commodity markets: prices of several pulses are up amid crop concerns and festive demand. Maharashtra has declared drought across large parts, and Karnataka is facing similar conditions.
The Economic Times ‘Major food crisis’ looms in coming months: S Jaishankar
S. Jaishankar highlighted the looming food crisis caused by fertiliser shortages from geopolitical tensions in Ukraine and the Gulf. He emphasized that these issues are overwhelming Global South economies and worsened by disrupted energy markets. The Minister raised concerns about major grain exporters struggling to send shipments, impacting food security worldwide.
The Economic Times India Inc's legal bill swells as global ambitions grow
As Indian companies expand overseas, a more fractious global geopolitical environment is exposing them to a wider web of sanctions, trade restrictions, data rules and regulatory regimes, making legal advice an increasingly key part of managing cross-border risk.
The Economic Times RoDTEP scheme extension likely for exporters as September 30 deadline nears
The government plans to extend the Remission of Duties and Taxes on Exported Products scheme to support exporters. This initiative aims to provide refunds for various embedded taxes, which could otherwise raise costs for Indian goods abroad. The commerce ministry is consulting with the finance ministry regarding the extension of the scheme. The RoDTEP scheme was introduced in 2021 and has varying refund rates from 0.3% to 3.9%.
The Economic Times OpenAI bets on always-on AI agents as safety concerns test pace of AI development
OpenAI announced new AI agents named Dots that assist users by completing tasks proactively. CEO Sam Altman highlighted the importance of safety and security in AI development during his keynote. The company decided to halt the rollout of an advanced model due to significant researcher concerns. Altman emphasized that AI should empower people rather than automate every aspect of life.
The Economic Times Air India's ₹10,000 crore fundraise plan draws cashflow concerns
Air India is currently looking to secure ₹10,000 crore in fresh loans for various operational needs. Some lenders are hesitant to provide credit due to uncertain cash flow visibility and risks. The Tata Group-backed airline reported a significant increase in losses over the past financial year, including foreign-exchange losses. Despite this, state-owned banks are willing to renew existing credit lines due to a good credit rating.
The Economic Times India flags concerns over US Russia sanctions law, warns of impact on ties, energy market
Foreign Secretary Vikram Misri met a US Congressional delegation led by Brian Mast in New Delhi. Misri conveyed concerns regarding the implications of the Sanctioning Russia and Iran Act on bilateral relations. The Act permits high tariffs on countries purchasing Russian oil, affecting India directly. The next India-Russia summit will be held in Russia, with details to be updated later.
The Economic Times Panel proposes raising RBI's ways and means advances corpus by 11.2% to Rs 67,839 crore
The panel has also recommended an annual review of the WMA corpus capping annual upward revision at 4%. The extent of upward revision could be based on the last three years of accounts while there would be no reduction in the existing limit.
The Economic Times SBI seeks clarity on handling of bank accounts, deposits under FCRA bill
State Bank of India officials are seeking clarity on handling accounts when an organization’s registration is suspended. They highlighted risks for smaller entities that may lose access to funds upon missing renewal deadlines. The JPC is examining the implications of the FCRA Amendment Bill, focusing on accountability and regulations for banking procedures.
The Economic Times ET Exclusive: Venu Srinivasan seeks probe into Tata Trusts over alleged governance lapses
Venu Srinivasan, trustee of Sir Dorabji Tata Trust and Sir Ratan Tata Trust, has sought an immediate inquiry into SDTT’s governance, alleging serious lapses and excessive involvement in Tata Sons’ commercial affairs. He has also challenged Noel Tata’s role in trust decisions and sought restrictions on his voting and trustee powers.
The Economic Times CBDT tightens TDS rules for property deals involving non-resident sellers from October: Here's what changes
From October 1, 2026, buyers from India will report detailed information on purchases from non-residents. The amendments include changes to Forms 132 and 141, including a new Schedule E for compliance. Buyers will not need a Tax Deduction Account Number while extending the TDS payment timeline to 30 days.
The Economic Times Anthropic eyes USD 518 billion AI buildout; backed by ~80% non-cancellable deals
Anthropic expects to spend at least USD 518 billion over the next decade to secure AI computing infrastructure from six partners, with about 80 per cent of the commitments either non-cancellable or payable regardless of usage, according to a Reuters report.
The Economic Times Anthropic warns of 'existential' AI risks in IPO filing: report
US artificial intelligence developer Anthropic has warned investors of potential "existential risks to humanity" in the prospectus for its highly anticipated initial public offering of shares, The Financial Times reported Tuesday. The IPO, expected in the coming weeks, could value Anthropic at around $2 trillion, making it the biggest public stock sale of all time. zl/js/rmb
The Economic Times RBI now has less room to keep interest rates unchanged: Report
Rising crude oil prices, inflation and higher bond yields globally has narrowed Reserve Bank of India's room to hold rates unchanged, a report said on Tuesday.
The Economic Times Subway restaurants operator EverBrands India files papers for Rs 600 crore IPO
EverBrands India Ltd, which operates Subway restaurants, has filed draft papers for an initial public offering. The company aims to raise Rs 600 crore to support its expansion plans. Proceeds from the IPO will be used to repay borrowings and fund new Subway store openings. EverBrands currently runs 1,008 Subway stores across India, Sri Lanka, and Bangladesh.
The Economic Times Rupee ends nearly flat as traders remain glued to oil moves, RBI caps fall
The Indian rupee showed little change after reaching a two-month low in early trading. Crude oil prices significantly impacted the currency's movement, leading to a brief decline. Dollar sales by state-run banks helped contain the rupee's drop earlier in the day. As Brent oil prices decreased, the rupee managed to close nearly flat at 95.98. Investor focus remains on future US economic data and its implications for interest rates.
The Economic Times Credit Saison India Targets 30% Secured Loan Mix by Fiscal-end
Credit Saison India, a local non-bank lender, plans to boost its secured loan share to 30% by the end of March 2027. The company's loan book has expanded to ₹25,000 crore, up from ₹19,000 crore a year ago. With 100 branches, it aims to increase to 140 to 150 branches in Tier 2 and Tier 3 towns.
The Economic Times MetLife appoints Dimple Kaloya as CHRO of GCC
Kaloya will lead the people strategy for MGCC, with a focus on talent, organisational capabilities and employee experience.
The Economic Times Accor appoints Vipin Khattar as chief commercial officer, South Asia
In this role, he will lead the group's commercial strategy across the region, overseeing sales, revenue management, marketing, digital distribution, loyalty, partnerships, and transformation initiatives, said a release.
The Economic Times DPIIT, ADB partner to develop grading and rating benchmark for warehouses, cold chains
The Department for Promotion of Industry and Internal Trade (DPIIT) worked in collaboration with the Asian Development Bank (ADB) to establish a comprehensive grading and rating standards benchmark for warehouses and cold-chain facilities across the country.
The Economic Times J B Ecotex files IPO papers with Sebi; eyes Rs 400 cr via fresh issue
J B Ecotex Ltd filed preliminary IPO papers with Sebi, aiming to raise funds worth Rs 400 crore. The offer includes a fresh issue and an Offer for Sale of over 1.29 crore equity shares by promoters. The proceeds will primarily repay outstanding borrowings, while some funds will go towards corporate purposes. Revenue in FY26 rose significantly from the previous year, indicating business growth.
The Economic Times India-UAE trade in rupees, dirhams enters double digits: Piyush Goyal
Trade between India and the UAE settled in local currencies has reached double digits, Commerce and Industry Minister Piyush Goyal said Monday. Bilateral trade is also nearing pre-war levels and is expected to recover in coming months. Goyal said businesses are increasingly recognising the benefits of rupee-dirham settlements amid geopolitical disruptions.
The Economic Times FCNR(B) liquidity may squeeze bank margins, offer relief to NBFCs: Report
Banks with higher FCNR(B) mobilisation could face sharper margin pressure in the second quarter of FY27, while increased banking-system liquidity could help contain funding costs and cushion margins for NBFCs according to a report by Nuvama.
The Economic Times FM Nirmala Sitharaman pushes investment, economic ties with Saudi Arabia, Switzerland, Jordan at AIIB meet
Finance Minister Nirmala Sitharaman held a series of bilateral meetings on the sidelines of the AIIB (Asian Infrastructure Investment Bank) 2026 Annual Meeting in Doha, seeking to deepen India's investment and economic ties with Saudi Arabia, Switzerland and Jordan. The FM also discussed post-flood reconstruction support and digital payments connectivity with Nepal, as per Ministry of Finance.
The Economic Times MetLife stake deal deemed approved; Bain and Olin proposals await CCI review
MetLife International will raise its stake in PNB MetLife by 0.5% to 50.23% through a purchase from Jammu & Kashmir Bank, with CCI clearing it under the green channel. CCI is also examining Bain Capital’s investment in Millennia Realtors and the RMZ group.
The Economic Times Air India's new chief sets sights on higher revenue and cost curbs at first town hall
Employees are encouraged to manage costs at their levels to ensure discipline throughout the organization. Gebremariam also stresses operational reliability and customer confidence through improved punctuality and baggage handling.
The Economic Times Rupee hits two-month low, breaches 96/USD mark as oil worries deepen
The Indian rupee has fallen to a two-month low, now at 96.1450 per dollar. Contributing factors include rising oil prices, which have heightened economic worries among investors. Brent crude oil has escalated by over 1.5%, hitting $107 per barrel amid disruptions in the Middle East. Furthermore, September saw foreign investors retreating with a $3.
The Economic Times Stock market crash today: BSE Sensex continues to be in bear grip; Nifty50 below 22,600 - top reasons for fall
Dalal Street was also tracking the broader weakness across global markets. US stocks ended the previous session sharply lower, with the tech-heavy Nasdaq falling more than 0.9% and the S&P 500 declining around 0.8%. At around 10:25 AM, Nifty50 was trading at 22,586.60, down 194 points or 0.85%. BSE Sensex was at 72,138.99, down 633 points or 0.87%.
The Economic Times DCB Bank Targets 18-20% annual asset growth, bets on SME and affordable housing to drive expansion: CFO
DCB Bank is targeting 18 to 20% annual asset growth and is betting on SME business loans, gold loans, SME working capital financing, and affordable housing to drive its next phase of expansion, CFO Ravi Kumar told ETCFO.
The Economic Times Exclusive: ICAI wants up to Rs 5 crore govt consultancy tenders reserved for smaller firms, working on draft proposals
Aggregation of CA Firms committee chairman, vice chairman meet DoE Secretary; institute working on draft proposing Rs 5 crore government consulting contracts for small and mid sized firms, with joint credentials for registered network firms.
The Economic Times IIP growth comes in at 8% in August compared with 7.4% in July
India's industrial output increased to 8% in August 2026, propelled by a strong manufacturing sector. Manufacturing grew by 9% while electricity generation rose significantly by 12.3% year-on-year. Mining activity, however, faced a decline of 5.6%, contrasting with earlier growth in other sectors. The revamped index introduced a broader coverage of industrial activities and products. Overall, industrial output from April to August showed a growth of 6.7% compared to last year.
The Economic Times Coforge appoints former Bharti Enterprises VC Akhil Gupta as chairperson
Coforge has appointed Akhil Kumar Gupta as chairperson after the resignation of O P Bhatt. The departure followed an internal audit revealing Bhatt's low performance rating that he had withheld. Gupta brings over 40 years of experience and will guide the company through current industry shifts. Previous chairperson Vivek Sharma oversaw the interim period after Bhatt's resignation. The appointment is pending shareholder approval to solidify Gupta's position.
The Economic Times Tata Trusts pitch Tata Sons restructuring as alternative to listing
Tata Trusts have proposed merging Tata Electronics Systems Solutions and Tata Consulting Engineers with Tata Sons to alter its regulatory classification and preserve its unlisted private status. The Trusts said the restructuring would increase operating revenue and reduce investments in group companies, potentially taking Tata Sons outside the NBFC and CIC frameworks.
The Economic Times Tata Electronics triples equity investment as iPhone, chip plans expand
Tata Electronics significantly increased capital investments and debt financing for Apple iPhone manufacturing and semiconductor initiatives. The company provided ₹61,280 crore in guarantees and ₹1,017 crore in loans to subsidiaries. Equity investments surged to ₹3,727 crore largely due to semiconductor business expansion. Despite a revenue increase, net losses widened significantly to ₹1,611 crore for the fiscal year.
The Economic Times US, Iran hold separate talks with mediators as push to end seven-month war resumes
US and Iranian officials are participating in renewed efforts to negotiate a ceasefire to end the ongoing conflict. Recently, Iran proposed a seven-day ceasefire plan, aiming to restore maritime traffic and discuss nuclear issues. Although President Donald Trump rejected Iran's proposal, he indicated that further negotiations would take place this week. Iran's Foreign Minister Abbas Araqchi stated that their conditions must be met for reopening the Strait of Hormuz.
The Economic Times Essar to invest $18 billion in US, build America's largest steel plant in Iowa
Essar Group, through its subsidiary Mesabi Metallics, plans to invest USD 18 billion for a steel plant in Iowa. The facility aims to produce 10 million tonnes of steel annually and will utilize iron ore from Minnesota. It is expected to create 6,000 construction jobs and 2,000 permanent employment opportunities. The investment is part of a broader focus on enhancing domestic manufacturing capabilities in the United States.
The Economic Times Refiners feel heat physical crude trades higher than futures prices
India’s oil refiners are paying significantly more for physical crude than the futures prices making headlines, as constrained Gulf supplies keep the physical market tight. Brent spot prices averaged about $12 a barrel above November futures between September 1 and 22, with the gap widening to as much as $22. Refiners’ actual costs are driven by physical-market benchmarks, grade differentials and contract terms rather than headline futures prices alone.
The Economic Times Gold tumbles 4% to seven-week low as oil, dollar and yields climb
Gold fell sharply as rising oil prices heightened inflation concerns and strengthened expectations for tighter monetary policy. A firmer dollar and increasing Treasury yields contributed to the decline in gold prices. Spot gold reached its lowest level since early August, settling significantly lower than previous trading sessions. Other precious metals such as silver, platinum, and palladium also experienced notable declines in their prices.
The Economic Times US stocks: US market falls as higher oil prices, Treasury yields weigh
US stocks declined on concerns over rising oil prices and higher Treasury yields affecting the market. Investors are cautious due to uncertainty surrounding a potential Iran war peace deal negotiations. Federal Reserve officials hinted at possible interest rate hikes if inflation continues to rise significantly. Nvidia shares surged after announcing a record $150 billion share buyback, while Tesla shares dropped after a lowered price target.
