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The Economic Times
The Economic Times Amendment to Taxation Act, Payment and Settlement Systems Act get President's assent
President Droupadi Murmu has assented to two new laws passed by Parliament. The Taxation and Other Laws (Amendment) Act, 2026, aims to attract foreign capital. This act also promotes domestic electronics manufacturing and offers process certainty. The Payment and Settlement Systems Act amendment provides legal backing for modifying zero-MDR on UPI. UPI payments will remain free for consumers, with future MDR applying to specific merchant transactions.
The Economic Times India, US must address friction points, work on predictable taxation: Ambassador Gor
US Ambassador Sergio Gor urged India and the US to address friction points as true partners. Predictable taxation and regulatory frameworks are needed for businesses to thrive and grow. He stressed candid engagements on export controls and intellectual property protections for investment. Bilateral trade has grown significantly and aims for further expansion by 2030. Working together integrates value chains and strengthens supply chain resilience.
The Economic Times UPI growth pushes banks to look beyond payments for revenue: McKinsey
The rapid growth of India's Unified Payments Interface (UPI) is putting pressure on traditional payment revenue streams, pushing banks and fintech companies to look towards lending, merchant solutions and other value-added services to generate revenues, according to an August 2026 McKinsey Financial Services Practice report.
The Economic Times SEBI tightens mutual fund sponsor disclosure norms
The capital markets regulator introduces a streamlined single application form requiring detailed disclosures on ownership, financial health, and governance from new fund applicants.
The Economic Times India's tanker exports surge over six-fold to USD 1.36 billion in Q1 FY27; UAE leads
India's tanker exports surged dramatically in the June quarter, soaring six times compared to previous figures. The UAE emerged as the top importer, while Singapore and various Middle Eastern nations also boosted their purchases of Indian tankers. This impressive growth reflects India's evolving shipbuilding capabilities and a notable shift towards international markets embracing Indian-built vessels.
The Economic Times Godrej Industries to enter private credit space, aims to raise Rs 2,000 cr in AIF
Godrej Industries Group is entering the private credit market with a new fund. The company aims to raise up to two thousand crore rupees for this venture. This new alternate investment fund will focus on mid-market companies. Financing will be secured by hard collateral and comprehensive covenant protection. The fund targets high net worth and institutional investors for capital.
The Economic Times Rupee slips to three-week low on oil strain, RBI steps in yet again to cap fall
The Indian rupee touched a three-week low on Tuesday as oil prices surpassed ninety dollars. Rising oil prices occurred after the United States and Iran ceasefire agreement lapsed. The Reserve Bank of India's interventions largely contained further losses for the rupee. Asian currencies also experienced modest weakness while the dollar index moved higher. Analysts anticipate the rupee will remain stable before a gradual depreciation by September 2027.
The Economic Times RBI finds cash demand harder to predict as digital payments grow
RBI faces challenges forecasting demand for banknotes as currency in circulation continues to grow at double-digit rates despite rising digital payments. Deputy Governor SC Murmu said cash remains widely used, particularly in rural areas, among low-income groups and small businesses.
The Economic Times India seeks WTO consultations with US over duty on quartz surface products
India has requested World Trade Organisation consultations with the United States. This action concerns tariffs imposed on quartz surface products by America. The US measure will impose steep duties on imports starting August 15, 2026. India has a substantial interest in these engineered stone slab products. Consultations will be proposed virtually for mutual convenience.
The Economic Times Union Minister Piyush Goyal discusses scaling up retail investment with Nippon Life India AMC CEO Sundeep Sikka
Union Minister Piyush Goyal met with Nippon Life India Asset Management's CEO to discuss retail investment growth. They explored avenues for attracting greater global capital into Indian markets. Goyal also met with Check Point Software's CEO regarding cybersecurity and digital infrastructure protection. He emphasized faster implementation of industrial corridor projects for economic growth. The National Industrial Corridor Programme now covers twenty approved projects across thirteen states.
The Economic Times Inox Clean Energy completes Rs 6,000-cr acquisition of BlackRock-owned GIP's Vena Energy India
Inox Clean Energy has acquired Vena Energy India's renewable platform for Rs 6,000 crore. This significant transaction was completed within two months, showcasing rapid execution. The deal involved multiple stakeholders and financing partners, highlighting strong capabilities. Vena Energy India's portfolio includes operational and development-stage renewable assets. Following this acquisition, Inox Clean's operational capacity will significantly increase.
The Economic Times NBCC moves SC for RERA exemptions to complete 16 stalled Supertech projects
The Supreme Court is set to review the National Buildings Construction Corporation's (NBCC) request concerning RERA compliance for Supertech's housing projects. NBCC is seeking exemptions from mandatory regulations to renovate stalled developments. This appeal comes after the National Company Law Appellate Tribunal denied similar requests. Previously, the apex court instructed NBCC to accelerate the project completions, with construction for sixteen Supertech projects slated to commence shortly.
The Economic Times Paytm’s Vijay Shekhar Sharma sets $1 billion free cash goal, sees fintechs gaining lending share
Vijay Shekhar Sharma, the founder of Paytm, has set an ambitious target of generating one billion dollars in free cash flow. He envisions that fintech companies will capture a larger share of the growing lending market. Focusing on profitability, Sharma plans to pivot away from ventures that lack clear returns.
The Economic Times Himadri Speciality Chemicals sets Rs 3,000 cr revenue target for its arm Birla Tyres
Himadri Speciality Chemicals plans to significantly grow Birla Tyres business. The company targets approximately three thousand crore rupees in revenue over upcoming years. This expansion will focus on premium products and increasing export markets. Electric vehicle tyre segments and new product introductions are also key. A dedicated passenger car radial facility is planned for commissioning in FY28.
The Economic Times Red Sea blockade threat: Why India’s trade faces a wider supply-chain shock
A prolonged disruption could force ships around the Cape of Good Hope, raising logistics costs while squeezing exporters and adding pressure on imported industrial and agricultural inputs.
The Economic Times Sonata Software Appoints Hariprasad Rebala as Chief AI Officer
Bengaluru (Karnataka) [India], Sonata Software (NSE: SONATSOFTW) (BSE: 532221) today announced the appointment of Hariprasad Rebala (Hari) as Chief AI Officer. Appointment strengthens Sonata's AI leadership as the company accelerates its transformation into an AI-native enterprise.
The Economic Times Sensex falls over 300 pts; Nifty hovers below 24,300 as Brent crude climbs to USD 91/bbl
The Indian benchmark indices opened on a bearish note on Tuesday with Sensex sliding over 300 points and Nifty below 24,300 level as elevated crude oil prices and renewed geopolitical concerns continue to weigh on investors' sentiment.
The Economic Times Meta goes to trial this week, which, if it loses, could change Insta & FB forever
Meta has been hit with a major lawsuit regarding child safety and the addictive nature of its platform. Various states are demanding significant financial compensation and operational reforms, arguing that Meta intentionally crafted features to be addictive for young users. Additionally, they allege that the company collects data from children under the age of thirteen without obtaining proper consent.
The Economic Times High-level committee on banking reforms ‘soon’: FM
Finance Minister Nirmala Sitharaman will soon announce a high-level committee on banking reforms. This committee will review the sector's alignment with India's growth goals. The panel's formation was announced in budget 2026-27 for Viksit Bharat. Deliberations from a recent conclave will provide inputs to this important committee. The future of banking must reflect the aspirations of India's youth.
The Economic Times ED asks homebuyers to report builders refusing RERA details, cash deals
The Enforcement Directorate has advised homebuyers to report fraudulent builders to authorities. Buyers should always verify RERA registration and property title documents carefully. Oral promises and assurances from brokers should not be relied upon by purchasers. The agency provisionally attached assets worth Rs 129.80 crore in a fraud case. This action aims to protect homebuyers and investors from financial losses.
The Economic Times ED attaches properties worth Rs 129 crore in Ahmedabad real estate fraud
In a fresh action in a real estate fraud in Ahmedabad, the ED attached immovable properties worth Rs 129.80 crore linked to Ronak Ravjibhai Sonani, Vipulbhai Gordhanbhai Gangani, Keshav Narayan Group and others, an official said on Monday.
The Economic Times SEBI to review CAS feedback, but closing auction mechanism here to stay: Chairman
The Securities and Exchange Board of India (SEBI) is analysing concerns raised by traders and other market participants over the new Closing Auction Session (CAS) for futures and options (F&O) eligible stocks but the mechanism is here to stay, Chairman Tuhin Kanta Pandey said on Monday.
The Economic Times SEBI chief calls for collective cyber resilience as threats grow more sophisticated
India's financial sector needs to shift from periodic cybersecurity compliance to continuous, risk-driven cyber resilience as threats become increasingly interconnected and sophisticated, SEBI Chairman Tuhin Kanta Pandey said on Monday.
The Economic Times Investors pile into small, mid-caps as earnings momentum improves
Investors are channeling significant funds into small and mid-cap stocks this fiscal year. Small-cap funds have seen inflows nearly matching last year's total in just four months. Mid-cap funds also show strong investor interest, attracting substantial capital inflows. Large-cap funds, conversely, have experienced considerably lower investment amounts. This trend reflects improved earnings momentum and increased market liquidity for smaller companies.
The Economic Times Qatar launches new UPI route to send money to India
Qatar Post, in partnership with India Post, has launched PosTransfer, a new remittance service aimed at simplifying money transfers. This service focuses on enabling direct transactions to UPI-linked bank accounts in India, with transfer amounts ranging from QAR 10 to QAR 4,000 for a nominal flat fee. This collaboration not only streamlines fund transfer processes but also strengthens the financial relationship between Qatar and India.
The Economic Times Sunil Bharti Mittal to step down as Airtel Payments Bank Chairman, Shabnam Sinha to succeed him
Shabnam Sinha will take over as Chairperson of Airtel Payments Bank for a three-year term from October 1, 2026, succeeding Sunil Bharti Mittal, the bank said on Monday.
The Economic Times FCNR(B) swap cost unlikely to have driven RBI’s early closure: SBI Research report
SBI Research said the cost of the RBI’s FCNR(B) swap facility is unlikely to have driven its early closure, estimating cumulative hedging costs at USD 10.5 billion over five years. It said mobilisation targets may already have been achieved, with FCNR(B) deposits at USD 52.3 billion as of August 13.
The Economic Times Iran threatens to go on offensive in Strait of Hormuz if diplomacy with US fails
Iran will adopt an offensive military stance as peace negotiations with the United States have stalled. The memorandum of understanding signed in June has quickly unraveled over control of the Strait of Hormuz. President Trump has ruled out extending the temporary ceasefire agreement between the two nations. Iran insists on the U.S. implementing all provisions within a short timeframe.
The Economic Times India's telecom and network equipment sector could double GDP share, but needs urgent policy support: NITI Aayog
While India's telecom and network equipment (TANE) sector has strong growth potential, heavy import dependence, especially on China--underscores the need for urgent policy support to boost domestic manufacturing and exports that will likely double the sector's GDP share and position India as a USD 50 billion export hub by 2035, according to a NITI Aayog report.
The Economic Times ICRA estimates India's GDP growth at four-quarter low of 7 per cent in April-June
India's GDP growth forecast stands at seven percent for the April-June quarter, marking a four-quarter low and a slowdown from prior growth rates. The industrial sector is projected to expand by seven point seven percent, with agriculture and services also seeing improvements. Overall growth is expected to moderate, yet nominal GDP growth is set to reach a remarkable four-year high.
The Economic Times Aegis Logistics in talks to acquire UAE’s Tristar for $1.5 billion
Aegis Logistics is in advanced discussions to acquire Tristar for $1.5 billion. This consolidation could be one of the industry's largest efforts. Aegis is seeking acquisition financing from lenders for the deal. Tristar operates across many countries, complementing Aegis's expansion plans. The companies are currently holding bilateral negotiations under an exclusivity period.
The Economic Times India’s microfinance overhang is finally easing as debt-stressed borrowers fall
The number of microfinance borrowers with multiple loans has significantly decreased. These borrowers still hold substantial outstanding loans, posing a higher credit risk. Portfolio at risk for these stretched borrowers is higher than others. The microfinance market saw a record peak in loans outstanding recently. Stricter underwriting practices are helping the sector recover from past challenges.
The Economic Times Tata Sons board divided over Chandrasekaran’s exit; directors debate whether to seek reconsideration
Tata Sons directors are divided over how to formally respond to chairman N Chandrasekaran’s decision not to seek reappointment, with some favouring a board vote and others wanting him to reconsider, people familiar with the matter said. Sir Dorabji Tata Trust has urged the board to begin succession planning.
The Economic Times Income Tax officials discuss administrative, functional issues at Jaipur conference
Senior Income Tax officials convened in Jaipur for a two-day conference. The meeting, inaugurated by CBDT Chairman Ravi Agrawal, focused on departmental efficiency. Discussions covered human resources, taxpayer services, and system upgrades. Officials also deliberated on capacity building and budget matters. The conference aims to align the department with future requirements.
The Economic Times Govt to set up high-powered committee for banking sector reforms; bankers urged to submit ideas: FM Nirmala Sitharaman
Finance Minister Nirmala Sitharaman on Monday has urged banking leaders to submit recommendations on banking sector reforms as the government will soon set up a high powered committee to assess the role of India's banking sector on Viksit Bharat 2047.
The Economic Times Excelsoft Tech appoints Poonacha Paruvangada as CFO
Paruvangada, a chartered and cost accountant brings three decades of experience across financial management, treasury, taxation, compliance, mergers and strategic business planning.
The Economic Times Yes Bank makes bond market comeback years after AT1 write-off
Yes Bank is preparing its first dollar bond issuance since its 2020 AT1 debt write-off, planning a benchmark-sized three-year note. The move follows a turnaround, ratings upgrades and Sumitomo Mitsui Financial Group’s 2025 stake purchase. Strong foreign-currency deposit inflows and RBI measures have also boosted Indian lenders’ overseas borrowing activity.
The Economic Times Zepto IPO: Raamdeo Agrawal says it was premature for the quick-commerce firm to tap public market. Here’s why
Market veteran Raamdeo Agrawal has called Zepto’s IPO plans premature after the quick-commerce firm deferred its proposed listing amid valuation concerns. Zepto is reportedly discussing a valuation of $2.5-3 billion, sharply below its $7 billion private valuation. Agrawal said companies should tap public markets only when profitable or close to profitability, as investors focus heavily on earnings.
The Economic Times Lalithaa Jewellery's promoters received SEBI summons, Rs 58.66 crore involved in legal cases: DRHP
Lalithaa Jewellery Mart's Draft Red Herring Prospectus (DRHP) showed that the company, its subsidiaries, promoters, directors and key managerial personnel are involved in certain legal and regulatory proceedings pending before various tribunals, quasi-judicial authorities and appellate forums.
The Economic Times 'CAS is definitely here to stay', aligns Indian equities with global benchmarks: SEBI Chairman
The Closing Auction Session (CAS) is "here to stay" as a core market reform, SEBI Chairman Tuhin Kanta Pandey stated on Monday, while confirming the regulator is open to making operational tweaks to refine the mechanism, if needed.
The Economic Times SEBI chief calls for collective cyber resilience as threats grow more sophisticated
India's financial sector needs to shift from periodic cybersecurity compliance to continuous, risk-driven cyber resilience as threats become increasingly interconnected and sophisticated, SEBI Chairman Tuhin Kanta Pandey said on Monday.
The Economic Times RBI seeks NBFC feedback on revolving credit rules, stresses compliance and risk controls
The Reserve Bank of India (RBI) has sought feedback from non-banking finance companies (NBFCs) on draft guidelines proposed for regulating revolving credit facilities, while emphasising the need for stronger compliance, internal audit and risk management frameworks, a report has said.
The Economic Times India RBI's heavy FX footprint revives memories of a tightly managed rupee
Central bank intervention is anchoring the rupee's trading range. State-run banks consistently offered dollars to curb currency pressure. This intervention has established a narrow trading range for the rupee. The Reserve Bank of India's actions revive memories of past interventions. Dollar inflows are bolstering India's foreign exchange reserves significantly.
The Economic Times Kamat Hotels India Limited appoints Milind Wadekar as chief financial officer
In his new role, Wadekar will oversee the company’s financial strategy and operations, working closely with the leadership team to strengthen financial performance, enhance operational efficiencies, manage risks and align financial priorities with KHIL’s broader business objectives, said a release.
The Economic Times NBFCs seek RBI rethink on revolving credit curb
Senior representatives of some of the country's largest NBFCs met on August 14 to discuss the issues they intend to raise with the RBI. The lenders will make a formal representation through the Finance Industry Development Council, the industry body representing NBFCs, this week, according to the people.
The Economic Times GST cuts shield Indian carmakers from commodity price shock
Goods and services tax cuts offer carmakers a crucial buffer against rising commodity prices. Companies are employing various strategies to minimize product price increases and sustain demand. Internal cost reductions and selective price adjustments help absorb commodity shocks. Automakers are working to further reduce production costs for future resilience. Industry growth is expected to moderate from October onwards.
The Economic Times Anthropic IPO valuation hinges on $190-200 billion 2028 revenue forecast, sources say
Wall Street is valuing Anthropic based on future revenue projections for its upcoming IPO. The AI company projects substantial revenue growth by the year 2028. This forward-looking valuation reflects Anthropic's rapid expansion and infrastructure investments. Comparisons are being made to companies like Palantir, SpaceX, and Cloudflare. Investors anticipate rising revenues and expanding margins as the business scales.
The Economic Times SEBI to review CAS feedback, but closing auction mechanism here to stay: Chairman
The Securities and Exchange Board of India (SEBI) is analysing concerns raised by traders and other market participants over the new Closing Auction Session (CAS) for futures and options (F&O) eligible stocks but the mechanism is here to stay, Chairman Tuhin Kanta Pandey said on Monday.
The Economic Times SEBI chief calls for collective cyber resilience as threats grow more sophisticated
India's financial sector needs to shift from periodic cybersecurity compliance to continuous, risk-driven cyber resilience as threats become increasingly interconnected and sophisticated, SEBI Chairman Tuhin Kanta Pandey said on Monday.
The Economic Times RBI cuts FX swap window short after NRI deposits cross $50 billion
The Reserve Bank of India shortened its zero-cost FX swap facility for banks. This action followed substantial foreign deposit inflows from non-resident Indians. Policymakers also considered domestic liquidity effects and fundraising costs. The overseas fundraising supported the rupee, which had reached record lows earlier. These measures have bolstered foreign exchange reserves significantly.
The Economic Times India’s FTAs give MSMEs a shot at bigger global markets: Exporters
Prime Minister Modi encouraged MSMEs to utilize India's numerous free trade agreements. These pacts offer significant opportunities for small businesses to expand globally. Exporters believe converting agreements into actual export orders is now the key. India has finalized trade pacts with approximately forty countries since 2014. This expansion aims to increase the global reach of Indian products.
The Economic Times Indian equities open lower, Sensex falls over 300 points, Nifty below 24,300 amid geopolitical tensions, elevated crude prices
The Indian equity markets opened weak on Monday, with the Sensex falling over 300 points and the Nifty slipping below 24,300, extending Friday's decline as investors remained cautious amid geopolitical tensions and elevated crude oil prices.
The Economic Times Gujarat HC upholds GST on corporate guarantees, strikes down ‘whichever is higher’ clause
The Gujarat High Court upheld Goods and Services Tax on corporate guarantees provided by holding companies. It struck down the 'whichever is higher' valuation method for these guarantees. The court ruled that actual consideration should be used when available for tax calculation. This decision impacts companies with older corporate guarantees and their tax liabilities. The 1% valuation rule cannot be applied retrospectively before October 2023.
The Economic Times Ecommerce order volumes up 31% during Independence Day sales
The insights, derived from order items processed on the company's Uniware platform between August 6 and 14, also revealed a 30 per cent jump in total sales value, or gross merchandise value (GMV), compared to the same period in 2025.
The Economic Times India must strengthen shipping capacity, naval protection amid growing chokepoints: GTRI
Maritime insecurity poses a persistent trade risk for India. The Red Sea crisis has disrupted trade with Europe and North America. This disruption increases freight and insurance costs for Indian exporters. India must strengthen its domestic shipping and naval protection capabilities. Developing alternative transport corridors is also crucial for trade resilience.
The Economic Times FSSAI says 6 food companies including Livyor, Rajasthan Agro corrected misleading labels, trademarks after notices
Six food companies have corrected misleading labels and trademarks after FSSAI notices. Livyor Ventures Pvt Ltd withdrew its 'vegan and healthy' claims on edamame beans. Honest Innovations For You Pvt Ltd and Heliostone Specialities Pvt Ltd revised their trademarks. Rajasthan Agro and General Industries removed all misleading claims and stopped PPM usage. Iota Nanotechnology Pvt Ltd removed claims and stopped non-standardized water production.
The Economic Times Europe emerges top destination for India's electric car shipments in Q1
In early 2026-27, Indian electric vehicle exports surged, with Europe becoming the leading market. Spain topped the list in shipments, followed closely by the United Kingdom, which also started importing substantial numbers of Indian electric vehicles.
The Economic Times PM GatiShakti: 396 infra projects worth Rs 18.66 lakh crore recommended for approval
Nearly four hundred infrastructure projects have received approval under the PM GatiShakti initiative. These projects, valued at over eighteen lakh crore rupees, span various ministries. The Network Planning Group has evaluated these significant infrastructure developments for implementation. This initiative aims to create integrated infrastructure and reduce overall logistics costs. Experts believe Gati Shakti will enhance business competitiveness and economic advantage.
The Economic Times India opens tax amnesty scheme for small taxpayers to declare select foreign assets
India's tax amnesty scheme for small taxpayers opened Sunday and runs until December 2026. This one-time measure aims to bring undeclared foreign assets and income into the tax net. Taxpayers with undisclosed foreign income up to one crore rupees can declare it.
The Economic Times Blue Dart sets sights on bigger e-commerce slice with cross-border delivery push
Blue Dart Express plans a new international cross-border ecommerce delivery product. This initiative aims to capture a larger share of India's growing global trade. The company will initially focus on major ecommerce corridors with strong existing trade flows. Regulatory changes, like the removal of a value cap, support this expansion. Blue Dart expects this new venture to become a meaningful contributor within five years.
The Economic Times NBFCs seek RBI rethink on revolving credit curb
Senior representatives of some of the country's largest NBFCs met on August 14 to discuss the issues they intend to raise with the RBI. The lenders will make a formal representation through the Finance Industry Development Council, the industry body representing NBFCs, this week, according to the people.
The Economic Times India’s FTAs give MSMEs a shot at bigger global markets: Exporters
Prime Minister Modi encouraged MSMEs to utilize India's numerous free trade agreements. These pacts offer significant opportunities for small businesses to expand globally. Exporters believe converting agreements into actual export orders is now the key. India has finalized trade pacts with approximately forty countries since 2014. This expansion aims to increase the global reach of Indian products.
The Economic Times RBI moves to distance self from bank deposit ratings
The Reserve Bank of India has instructed rating agencies to refrain from categorizing it as the regulator overseeing bank deposits. This recent directive raises the possibility that these credit assessment organizations may halt the evaluation of bank deposits entirely. With threats of deposit outflows and potential bank instability stemming from any downgraded ratings, the landscape of retail deposit reactions remains mixed.
The Economic Times IPO Rush: 9 issues to raise around Rs 7,100 crore this week
Mumbai's primary market anticipates a busy week with seven mainboard IPOs. These offerings aim to collectively raise approximately ₹7,100 crore in capital. Horizon Industrial Parks plans the largest IPO, seeking ₹2,600 crore. Lalithaa Jewellery Mart follows, intending to raise ₹1,700 crore. The SME segment will see two smaller issues raising over ₹50 crore.
The Economic Times GST cuts shield Indian carmakers from commodity price shock
Goods and services tax cuts offer carmakers a crucial buffer against rising commodity prices. Companies are employing various strategies to minimize product price increases and sustain demand. Internal cost reductions and selective price adjustments help absorb commodity shocks. Automakers are working to further reduce production costs for future resilience. Industry growth is expected to moderate from October onwards.
The Economic Times India Q1 GDP growth seen at 7.3% as consumption, capex cushion Iran war shock: ET poll
India's economy likely grew over seven percent in the first quarter of fiscal year twenty twenty seven. Resilient consumption and exports supported this robust economic expansion during the period. Government capital expenditure also played a significant role in driving overall economic activity. High frequency indicators suggest healthy domestic volume growth across sectors. Economists anticipate a slight moderation in growth during subsequent quarters.
The Economic Times Networking with India's Top CFOs: What to Expect at ETCFO Annual Conclave 2026
The ETCFO Annual Conclave 2026 brings together India Inc's finest CFOs for two days of closed-door conversations, keynotes and peer networking in Goa this November.
The Economic Times RBI to stay in 'wait-and-watch' mode, supply side induced hike in inflation under watch
While a policy rate hike is surely not a zero probability event, the bar for the same appears high for now, with the Reserve Bank of India (RBI) likely to look through the supply side induced increase in inflation, according to a new report.
The Economic Times Jindal Stainless investing Rs 900 cr to increase cold rolling capacity to 2.67 MT by FY28: MD
Jindal Stainless plans a Rs 900 crore investment to expand its cold rolling capacity. This expansion will cater to growing demand from key industrial sectors. The company is also identifying a site for a massive Rs 40,000 crore manufacturing facility. This new plant will produce specialized steel grades for emerging strategic sectors. Jindal Stainless aims to enhance its production capabilities and market reach significantly.
The Economic Times ONGC gets US licence to resume full Venezuela operations, eyes operatorship
ONGC has received a US Treasury license to resume full operations in Venezuela. This approval removes sanctions-related risks, allowing expanded production and new agreements. ONGC Videsh holds stakes in San Cristobal and Carabobo oil projects. The company expects to recover pending dividends and potentially take operatorship. India seeks to diversify oil resources amid heightened geopolitical risks.
The Economic Times Indian Bank plans to garner $400 million via ECB this week: MD Binod Kumar
Indian Bank plans to raise $400 million via External Commercial Borrowings this week. The bank may raise an additional $600 million through ECB before December 2026. It also aims to gather USD 2 billion from FCNR(B) deposits, seeing good demand. The Reserve Bank of India has already closed its concessional swap facility early. These efforts support the bank's business growth and digital initiatives.
The Economic Times Mcap of five of top-10 most valued firms erodes by Rs 1 lakh cr; TCS takes biggest hit
The market valuation of five top Indian firms decreased by Rs 1 lakh crore last week. TCS and Reliance Industries saw the largest erosion in their market capitalizations. Meanwhile, Bharti Airtel and LIC experienced significant valuation gains during the same period. Domestic equities faced a bearish trend, impacting investor sentiment negatively. Overall market capitalizations shifted as companies experienced varied performance.
The Economic Times Parliamentary panel on finance suggests task force to fill 38 vacant DIPAM positions
The Standing Committee on Finance highlighted a significant 43 percent vacancy rate within DIPAM. It recommended establishing a dedicated task force to fill these 38 vacant positions promptly. This shortage severely impacts the department's ability to manage public assets and complex transactions. The committee urged the Ministry of Finance to prioritize filling these critical roles. Work is underway to develop a roadmap for CPSE REITs and safeguard national assets.
The Economic Times India could reach $20 trillion by 2036 with 14.2% rupee growth: Equirus
India could reach a $20 trillion economy by 2036 with reforms. This requires sustained rupee growth and appreciation, according to a research report. Services will become the principal engine of economic expansion, growing significantly. Proposed reforms span multiple sectors, including capital markets and human capital. Successful execution across many fronts will determine achieving this ambitious economic milestone.
The Economic Times PM Modi Speech Highlights: Prime Minister sets 2047 target, pitches self-reliance and faster growth on Independence Day 2026
PM Narendra Modi Independence Day 2026 Speech: Prime Minister Narendra Modi addressed the nation from the Red Fort on Independence Day. He articulated a significant national aspiration to achieve a developed India by 2047. Modi highlighted India's economic progress over the past twelve years, contrasting it with earlier periods. The Prime Minister also paid tribute to freedom fighters and acknowledged recent flood-affected families.
The Economic Times Oracle layoffs August 2026: ‘6am layoff email’ may hit inboxes next month on this date as managers asked for names, after 10,000+ workers were cut in March
Oracle layoffs 2026: Oracle employees could face another layoff wave on September 1, with reports suggesting 6am job-cut emails may arrive as managers prepare lists of affected workers. Managers have been asked to draw up lists of employees whose roles are being eliminated. Oracle already cut 21,000 jobs in March this year.
The Economic Times SC slaps Rs 10 lakh fine on Reliance Industries for delaying NTPC gas supply suit
The Supreme Court fined Reliance Industries ten lakh rupees for delaying a suit. NTPC filed the natural gas supply contract case against Reliance back in 2005. The court noted Reliance's continuous obstruction of the legal proceedings for two decades. This action came after the Bombay High Court's decision regarding witness affidavits. The apex court expressed strong disapproval of the prolonged litigation and its impact.
The Economic Times Current account deficit widens to USD 6.2 bn in June: RBI data
India's current account deficit widened to USD 6.2 billion in June, a significant increase from last year. This widening was primarily caused by a larger merchandise trade deficit, which rose considerably. Services surplus saw an increase, and net transfers also grew during the same period. Capital account registered net inflows, a change from the previous year's outflow.
The Economic Times Amid strong forex inflows, RBI to end FCNR(B) swap facility early
The Reserve Bank of India (RBI) has decided to prematurely close the deposit mobilisation window under its special forex swap facility for FCNR(B) deposits, bringing forward the deadline for banks to mobilise such deposits to August 31, 2026.
The Economic Times Sebi revises InvIT cash flow framework to allow adding back external debt-funded maintenance costs
Sebi now permits InvITs to add back major maintenance expenses for road projects funded by debt. This change allows greater flexibility in managing project needs without reducing investor distributions. Unitholders must approve any new debt raised for major maintenance expenses. InvITs will disclose details of proposed debt and maintenance costs. The revised framework for these infrastructure trusts takes immediate effect.
The Economic Times Sebi mulls settlement overhaul; plans fast-track route for cases up to Rs 10 lakh
The proposals are part of a consultation paper seeking to replace the existing Sebi (Settlement Proceedings) Regulations, 2018, with a new framework aimed at making settlement of enforcement proceedings simpler, faster and more predictable.
The Economic Times Parliament approves Mines & Minerals Update Bill, restricts states’ powers to tax mining
According to Reddy, any fiscal burden imposed on mineral extraction should be guided by a uniform and balanced fiscal framework.
The Economic Times Sebi broadens scope of online bond platforms, permits IFSCA-regulated products and tax-saving bonds
SEBI has expanded the scope for Online Bond Platform Providers (OBPPs), allowing them to offer IFSCA-regulated products and specific tax-saving bonds. Platforms must implement clear labelling, disclaimers, and updated compliance officer requirements to ensure investor transparency and regulatory adherence.
The Economic Times SK Singh, Pallavi Agarwal, Vatsalaa Jha appointed as new CBDT members
The Appointments Committee of the Cabinet (ACC) has cleared the appointment of three IRS officers as Members of the Central Board of Direct Taxes (CBDT), the apex body governing direct tax administration in India, according to an order issued by the Department of Personnel & Training on Thursday.
The Economic Times India cuts windfall tax on exports of petrol, diesel, aviation fuel
India has reduced windfall taxes on fuel exports effective Saturday. The duty on diesel exports decreased to 24 Indian rupees per litre. Petrol export duty has been set at zero rupees per litre. Aviation turbine fuel tax is now 19.5 rupees per litre. These levies are revised fortnightly based on international oil prices.
The Economic Times ICICI Bank seeks to raise $1.45-billion loan from a BofA-led consortium
ICICI Bank is seeking a substantial $1.45 billion loan from a banking consortium. Bank of America is leading the syndicate, which includes several international banks. This four-year loan aims to attract leveraged investors to the FCNR-B deposit program. The Reserve Bank of India is absorbing currency hedging costs for these deposits. Funds will support overseas clients making foreign currency deposits with the bank.
The Economic Times Academy of Internal Audit Expands Training Offerings with ISACA-Aligned CISA Preparation Program
New Delhi [India], The Academy of Internal Audit (AIA) has expanded its professional certification horizons with the recent launch of its CISA (Certified Information Systems Auditor) Certification Preparation Program. Until now, AIA has helped thousands of professionals prepare for globally recognised certifications like CFE, CIA, and CAMS. With this expansion, AIA is strengthening its position as an ISACA Accredited Training Organization (ATO), enabling it to offer structured CISA preparation supported by ISACA learning resources.
The Economic Times Governing the Unseen Risks of GenAI
Enterprise generative AI adoption is accelerating rapidly, bringing significant security risks. Organizations must prioritize security, bias mitigation, and human oversight for sustainable AI deployment. New safeguards are needed throughout the AI implementation lifecycle, from data ingestion to monitoring. Responsible AI requires trusted data sources, framework guardrails, and ongoing testing. Embedding trust into the AI lifecycle ensures innovation while protecting people and reputation.
The Economic Times A $67 billion tariff trail leads the US to India over China trade, but evidence is thin: GTRI
The White House has placed India among countries at highest risk of being used to circumvent US tariffs on Chinese goods, citing an estimated $67 billion in goods allegedly transshipped through India, Mexico and Vietnam in 2025. However, the Global Trade Research Initiative (GTRI), led by Ajay Srivastava, has challenged the evidence, noting that the report does not disclose India's share of the figure or identify any Indian exporter or specific fraudulent shipment. The story examines the US allegations, India's role in global supply chains, the distinction between legitimate manufacturing and tariff evasion, and the potential impact of tougher US checks on Indian exporters.
The Economic Times 75% of finance leaders bet on AI and automation as optimism drives next phase of finance transformation
Indian finance leaders are increasingly focusing on AI and automation for future transformation. Most CFOs express a positive outlook, anticipating a shift towards strategic planning and value creation. While AI investment is rising, significant returns are still in early stages for many companies. Finance leaders desire more time for strategic planning, facing challenges with current operational demands.
The Economic Times Pirojsha Godrej to take charge as executive chairperson of Godrej Industries
The transition follows Nadir Godrej’s retirement as chairman and managing director, with Pirojsha set to lead the group from August 14.
The Economic Times Who will replace Chandrasekaran at Bombay House? A Tata veteran's name does the rounds
Tata Sons chairman N Chandrasekaran will not seek reappointment in February 2027. The Sir Dorabji Tata Trust has begun the succession process for the next chairman. A complication arises as the Sir Ratan Tata Trust cannot convene trustee meetings currently. TV Narendran, Tata Steel MD, is among the names being discussed for the top position. The selection committee will recommend the next chairman, ensuring a smooth leadership transition.
The Economic Times Trump White House says it's losing $19B-$26B a year in revenue as countries dodge tariffs
A new US report claims countries route exports through third nations to avoid tariffs. This practice, known as transshipping, costs the United States billions in lost tax revenue annually. China is specifically named as a country utilizing this method to circumvent import taxes. The Trump administration is implementing new measures and artificial intelligence to combat this trade evasion.
The Economic Times Aditya Birla Group levies royalty on Grasim, Hindalco, Novelis for brand use from June 2026
Aditya Birla Group companies will pay a brand royalty starting June 2026. A 0.25% revenue royalty is mandated, capped annually at Rs 225 crore. Grasim Industries expects royalty payments well below the established ceiling. Hindalco and Novelis will also adopt this new royalty payment structure. This transition marks a move towards more structured corporate governance practices.
The Economic Times MCA tightens Ind AS accounting rules, revises financial instrument classification and disclosure norms
Amendments introduce new accounting framework for nature dependent electricity contracts, electronic payments and contingent cash flows; key changes apply to financial year beginning April 1, 2026.
The Economic Times Corporate cover rates decline amid ample capacity
Insurance rates for fire, cyber, professional indemnity and directors’ liability fell sharply in the June quarter as abundant capacity intensified competition. Marsh India expects the buyer-friendly market to persist, with companies using lower prices to secure broader coverage and higher limits.
The Economic Times Bank of America's $1.9 billion Jio bet shows global banks want a slice of India's retail lending market
Bank of America is set to invest a substantial $1.9 billion into Jio Financial's Jio Credit, marking a significant show of confidence in India's booming retail loan sector. This collaboration merges Jio's innovative digital capabilities with the seasoned financial knowledge of Bank of America, enabling a strategic expansion in the rapidly growing Indian economy. Regulatory approvals will be required to finalize this impactful venture.
The Economic Times Zetwerk files updated IPO draft papers to raise Rs 2,600 crore
The Bengaluru-based company had received Sebi approval on July 10 for its IPO, clearing the way for one of the largest listings by a new-age manufacturing company. It had submitted its pre-filed DRHP through Sebi’s confidential filing route in late March.
The Economic Times Sensex, Nifty fall in early trade as crude, FII selling weigh
Domestic equity benchmarks traded lower in early deals on Friday as elevated crude prices and continued foreign investor selling kept sentiment subdued.
The Economic Times Chandrasekaran's Exit: Succession Planning and the Board's Responsibility
Succession planning should not begin when a leader is about to leave. Boards should have a process to identify potential successors well in advance, assess their readiness and ensure that the organisation is prepared for both a planned transition and an unexpected departure.
