facebook
SENSEX
NIFTY
GOLD
USD/INR

Weather

image 21    C

Economy

...

RBI issues clarifications on forex hedging curbs

The Reserve Bank of India issued clarifications on its recent measures to support the rupee. This followed concerns about tighter hedging rules and cash margins on certain derivatives. Several lenders have held back on quoting dollar-rupee forwards due to confusion regarding transaction requirements. The measures included redirecting oil companies' dollar purchases and levying cash reserve requirements. The impact of these measures has raised uncertainties in the financial markets.

The Economic Times 15 Oct 2026 5:34 pm

Jio Platforms to Reliance Power: A look at India's 10 biggest IPOs

Jio Platforms Ltd, the digital and telecom arm of Reliance Industries, is poised to launch India's largest-ever initial public offering (IPO) at Rs 30,213 crore, surpassing Hyundai Motor India's Rs 27,870-crore offering.

Rediff 15 Oct 2026 5:25 pm

India's WPI inflation may breach 12%, retail 6% in October: Ind-Ra

India Ratings expects wholesale inflation to exceed 12 per cent and retail inflation to breach 6 per cent in October, driven by adverse base effects, weather conditions and rising energy prices.

Business Standard 15 Oct 2026 5:22 pm

Essar Oil & Gas wins five CBM blocks across three states, adds 6.6 Tcf gas reserves

Essar Oil & Gas has acquired five coal-blend methane blocks across West Bengal, Madhya Pradesh and Telangana. The company aims to enhance domestic natural gas production while developing approximately 1,281 square kilometers of new acreage. This expansion also includes significant resources of around 6.6 trillion cubic feet of gas-in-place. Essar currently produces nearly 50 percent of Indias CBM production, reflecting its strong position in this sector.

The Economic Times 15 Oct 2026 5:19 pm

UP govt offers subsidised sugar at 52 a kg amid rising market prices

The subsidised sale will begin in Lucknow, where consumers can buy sugar at 52 a kg against the market price of 65, with plans to extend the initiative to other cities

Business Standard 15 Oct 2026 5:17 pm

India's unemployment rate remains stable at 5% in September: NSO data

India's unemployment rate remained stable at 5 per cent in September 2026, while urban unemployment edged up to 6.9 per cent, according to the NSO's Periodic Labour Force Survey.

Business Standard 15 Oct 2026 5:15 pm

PDA-Muslim Yadav-Gen Z combination will wipe out BJP: Akhilesh Yadav

Samajwadi Party president Akhilesh Yadav aims to broaden the anti-BJP coalition in Uttar Pradesh ahead of the 2027 assembly elections. He says the unison of Muslim-Yadav, backward classes and a growing number of disgruntled Gen Z voters would remove BJP from power. Yadav questions why people in plain clothes who attacked the protestors were not arrested. The SP leader also accuses the Centre of failing to protect Indian citizens during the conflict between the United States and Iran.

The Economic Times 15 Oct 2026 5:05 pm

Reliance Jios next big bet is beyond data

Akash Ambani said Reliance Jios partnership with Google on Gemini goes beyond distribution to create new markets, drawing a parallel with Jios approach to data. Speaking at Jios IPO press conference on Thursday, he said the collaboration had resulted in Gemini adding 13 million new subscribers to its paid service.

The Economic Times 15 Oct 2026 5:03 pm

M and E Sector Needs Strong IP, Sustainable Models: Chanchal Kumar

Ministry of Information and Broadcasting Secretary Chanchal Kumar outlined the critical factors for the media and entertainment sector's next growth phase, including robust intellectual property, sustainable revenue models, and disciplined investments. Speaking at the CII Big Picture Summit, he emphasised the government's role in fostering an environment for creative enterprises and addressing challenges posed by digital platforms and AI. The CII White Paper also projected a USD 100 billion Indian M and E sector, advocating for stronger IP and regulatory reforms.

Rediff 15 Oct 2026 5:01 pm

Haryana's paddy procurement crosses 15.52 LT, Rs 1,221 crore disbursed to farmers

Government agencies in Haryana have successfully purchased 15.52 lakh tonnes of paddy during the Kharif procurement operations. A total of Rs 1,221 crore has been disbursed to farmers to support their financial needs. The Chief Secretary reviewed the ongoing procurement efforts and emphasized the importance of coordination among various stakeholders. Initiatives like Aadhaar-based biometric verification have been implemented for better oversight.

The Economic Times 15 Oct 2026 5:01 pm

School Assembly News Headlines, October 16, 2026: Check national, international, business, sports updates and thought of the day

Current school assemblies are incorporating news segments to educate students on vital global and local happenings. Recently, a tragic school roof collapse in Pakistan resulted in multiple fatalities. Additionally, the IMF's recent pledge to aid Sri Lankas economic recovery stands out in business news. In sports, Kylian Mbappe has made headlines by becoming the youngest player to reach 100 appearances in the Champions League.

The Economic Times 15 Oct 2026 5:00 pm

India's unemployment rate stays steady at 5% in September

India's overall unemployment rate held steady at 5.0% in September 2026, compared to the previous month. The rural unemployment rate improved to 4.2%, while urban unemployment increased slightly to 6.9%. The gender-specific unemployment rates showed stability, although urban female unemployment rose to 9.2%. The Labour Force Participation Rate for September 2026 was reported at 55.5%, reflecting a year-on-year increase. Overall, the Worker Population Ratio also saw an increase, reaching 52.7%.

The Economic Times 15 Oct 2026 4:56 pm

India insurance regulator to oversee smooth transition to new commission rules, chairman says

India's insurance regulator, the IRDAI, plans to implement reforms for insurance sales to improve the market. Proposed changes include capping commissions and tightening expense limits to reduce costs and mis-selling. Ajay Seth stated the intention is to avoid disruption within the industry during this transition period. Insurers and distributors have expressed concerns regarding the potential impacts on business models and job security.

The Economic Times 15 Oct 2026 4:54 pm

Air India cuts Europe flights in network rejig, adds services to Australia, Japan

The network changes are taking place amid a rise in jet fuel price and continued closure ofPakistan airspace that has escalated costs for the airline

The Hindu Businessline 15 Oct 2026 4:54 pm

Sensex Jumps 1,534 Points, Nifty Surges on Banking, IT, Reliance Boost

Indian benchmark stock indices, Sensex and Nifty, rallied significantly, with Sensex jumping over 1,500 points and Nifty reaching a nearly three-week high, driven by strong buying in banking, IT, and Reliance Industries stocks, alongside easing crude oil prices.

Rediff 15 Oct 2026 4:46 pm

Bank deposits hit record $3 trillion in September, boosted by dollar deposits scheme

India's banking system deposits hit a record high, reaching approximately 284 trillion rupees by September 2023. The increase was primarily driven by a discounted swap window introduced by the Reserve Bank of India. This scheme attracted around $133 billion in foreign-currency deposits from June until its closure in August. Additionally, banks took measures to bolster their funding buffers leading up to the quarter's end. Overall, deposits rose by 8.

The Economic Times 15 Oct 2026 4:44 pm

CKK Retail Mart proposes a 5:1 bonus issue; increase in authorised capital

CKK Retail Mart has announced plans to issue bonus shares in a ratio of 5:1 for existing shareholders. The company intends to increase its authorised share capital significantly from Rs 20 crore to Rs 117 crore.

The Economic Times 15 Oct 2026 4:42 pm

Bharti Airtel vs Vodafone Idea: Top 5 mutual funds by exposure could Reliance Jio's listing reshuffle portfolios?

Reliance Jio Platforms IPO could reshape mutual fund exposure to Indias telecom sector. While some schemes have significant allocations to Bharti Airtel and Vodafone Idea, the impact will depend on valuations and fund managers' investment strategies. Here's what you need to know. 

Livemint 15 Oct 2026 4:34 pm

Man Held For Threatening India's Economy

A 27-year-old man was arrested by Kashigaon Police in Thane for allegedly calling the Delhi Police control room and threatening to destroy India's economy. The accused, Nikhil Sudarshan Sharma, who appeared mentally unstable, was apprehended after tracking his mobile number.

Rediff 15 Oct 2026 4:33 pm

Legal drafting on in US trade pact; to be operationalised once we get competitive advantage: Goyal

He expressed the hope that it would be finalised soon and operationalised once India secures a competitive advantage over its peer countries.

The Hindu Businessline 15 Oct 2026 4:33 pm

Automakers Flag Tight BS-VII Emission Deadline

The proposal caught auto makers by surprise.

Rediff 15 Oct 2026 4:33 pm

Hanging out with friends was fun, but now you feel more lonely: Psychology explains why this common emotional crash happens

Spending time with friends does not always leave people feeling happier. Sometimes, an enjoyable gathering is followed by loneliness, sadness or an unexpected drop in energy. Psychology points to several possible reasons, including mental exhaustion, overthinking conversations, social anxiety and the pressure to hide parts of yourself to fit in. But why can being surrounded by people still leave someone feeling emotionally disconnected? The answer may lie in the difference between socialising and feeling genuinely understood.

The Economic Times 15 Oct 2026 4:28 pm

Wipro Q2: Profit down marginally, revenue up 9%

Wipro reported a marginal 1.40 per cent decline in consolidated net profit to Rs 3,200.6 crore for the July-September quarter of FY27, despite a 9.1 per cent increase in revenue from operations to Rs 24,752.7 crore.

Rediff 15 Oct 2026 4:21 pm

New FEMA rules for foreign payments: what freelancers need to know

The reporting mechanism could help authorities identify suspicious transactions, including instances where services are falsely declared to move money across borders.

Livemint 15 Oct 2026 4:19 pm

Jio eyes big share of India's digital economy: Akash Ambani ahead of IPO

Jio eyes big share of India's digital economy: Akash Ambani ahead of IPO

Business Standard 15 Oct 2026 4:19 pm

Manipur CM says free movement on NH-2 boosted state's economy, cites Rs 1,200 crore GST revenue loss during ethnic crisis

Manipur Chief Minister Yumnam Khemchand Singh praised the cooperation of local communities in resuming highway movement. He highlighted the negative impact of recent crises on the state's economy and daily lives. Singh emphasized the importance of community unity for resolving differences and achieving development goals. The government plans to establish two medical colleges in the state for equitable growth.

The Economic Times 15 Oct 2026 4:15 pm

Why your personal loan request can be rejected even with a 750+ credit score? 5 reasons you should know

A credit score above 750 can strengthen a personal loan application, but it does not guarantee approval. Here's why.

Livemint 15 Oct 2026 4:11 pm

JetSynthesys launches AI-powered creative platform JetKreate

JetSynthesys has introduced JetKreate, an AI-powered platform integrating scripting, visuals, audio, and video production. This platform was revealed at the CII Big Picture Summit 2026 in Mumbai and aims to streamline content creation. JetKreate caters to individual creators, marketers, brands, and agencies by allowing the development of various types of content. The platform offers free credits for new users alongside paid plans for enhanced features.

The Economic Times 15 Oct 2026 4:10 pm

Flydubai co-pilot attempted terrorist attack during flight, UAE says

Passengers and crew intervened after the co-pilot attacked the captain, allowing a reserve pilot to take control and land

The Hindu Businessline 15 Oct 2026 4:05 pm

Redeveloped inherited property? ITAT Delhi says multiple floors can qualify for capital gains tax exemption

The tribunal held that a taxpayer could claim Section 54 exemption for the basement, ground floor and third floor received after redevelopment, while also directing a revised calculation of capital gains using a registered valuers report.

Livemint 15 Oct 2026 4:04 pm

No more unknow numbers: Caller ID to include callers registered names from November 1 under new DoT rules

The Department of Telecommunications in India has amended caller identification regulations for telecom services. Caller IDs will now display the subscriber's registered name from November 1, 2026. This updated definition of Calling Line Identification includes the caller's name in telecom provider records.

The Economic Times 15 Oct 2026 4:00 pm

Centre's net direct tax collection rises 13.2% to 13.38 trn till Oct 14

Gross direct tax collections rose 14.9% to 16.03 trillion, while refunds increased 24.2% to 2.65 trillion; STT receipts surged 51.6% to 46,840 crore during the period

Business Standard 15 Oct 2026 3:51 pm

Net direct tax collection grows 13% to 13.38 lakh crore till October 14

Direct tax collection up 13.21% to 13.38 lakh crore till Oct 14, driven by strong corporate tax growth and higher STT refunds

The Hindu 15 Oct 2026 3:51 pm

Fairfax plans to bring Digit, IIFL Capital under IDBI Bank

Fairfax Financial Holdings plans to bring its interests in Go Digit and IIFL Capital Services under IDBI Bank, creating a financial-services group spanning banking, insurance, investment banking and wealth management. The proposed restructuring follows Fairfax's selection as strategic buyer for a 60.72% stake in the Indian lender for about Rs 52,878 crore.

The Economic Times 15 Oct 2026 3:38 pm

India says first phase of US trade deal finalised

We anticipate concluding and signing the trade deal at the earliest possible time, Trade secretary Rajesh Agrawal said at a media briefing on trade data, adding that India was seeking preferential market access and greater tariff stability under the proposed agreement.

The Hindu Businessline 15 Oct 2026 3:33 pm

Jailer director revealed how Thalapathy Vijay made the Rs 600-crore Rajinikanth hit materialise after Beast flop: He told me you need not

Nelson Dilipkumar emerged as a prominent director in Tamil cinema following the remarkable triumph of Jailer, his 2023 action-comedy starring Rajinikanth. Nonetheless, prior to reaching this important career milestone, the director faced a considerable setback with Beast, the 2022 action movie featuring superstar Thalapathy Vijay.

The Economic Times 15 Oct 2026 3:33 pm

Bollywood actor Imran Khan, 43, says he follows two habits to be fit. One of them can delay ageing, reduce risk of heart disease, says science

Imran Khan made his Bollywood debut in the 2008 romantic comedy Jaane Tu Ya Jaane Na, where he appeared alongside Genelia DSouza. He went on to star in multiple romantic movies, such as Ek Main Aur Ek Tu and Mere Brother Ki Dulhan, gaining acclaim for his appealing on-screen presence and slim build. During a recent discussion with The Hollywood Reporter India, the actor discussed his fitness routines and offered insights on how he kept in shape.

The Economic Times 15 Oct 2026 3:27 pm

PCOS, fertility and bone health: Gastroenterologist Dr Pal Manickam shares 5 foods women should eat

As women progress through various life stages, their dietary requirements evolve significantly. Dr. Pal Manickam emphasizes the importance of adding spinach for its iron content, omega-3s from fatty fish, and calcium sources like ragi and paneer to support health. Incorporating beans and chickpeas can enhance gut health, while pumpkin seeds ensure sufficient magnesium intake. Moreover, regular physical activity is essential for maintaining bone strength and holistic well-being.

The Economic Times 15 Oct 2026 3:26 pm

4 things you should teach your kid about money and follow it yourself, too: Dave Ramseys golden advice for parents

Dave Ramsey recommends teaching children four balanced money habits. He is the author of the international bestseller, The Total Money Makeover.

Livemint 15 Oct 2026 3:23 pm

Net Direct Tax Collection Up 13.21% to Rs 13.38 Lakh Crore

India's net direct tax collection witnessed a robust 13.21 per cent increase, reaching approximately Rs 13.38 lakh crore between April 1 and October 14, primarily fuelled by a strong performance in corporate tax mop-up.

Rediff 15 Oct 2026 3:22 pm

IDBI Bank's 60.72% stake sale to Canada's Fairfax: Should FD holders and savings account customers worry? Experts decode

IDBI Banks proposed stake sale to Fairfax has raised questions for depositors, FD holders and employees. What could the ownership transition mean for existing deposits, interest rates, banking charges and job security? Here is what experts say.

Livemint 15 Oct 2026 3:16 pm

Canadian billionaire and Asian banking titans find 1.32 lakh crore worth of interest in India

In recent months, foreign investment in Indias financial sector has grown significantly, resulting in major acquisitions. Fairfax Financial Holdings secured a large stake in IDBI Bank, while Mitsubishi UFJ Financial Group poured resources into Shriram Finance. Additionally, Emirates NBD established a notable presence in RBL Bank. Such initiatives promise to alter the competitive dynamics and improve service capabilities in the Indian banking sector.

The Economic Times 15 Oct 2026 3:12 pm

India's exports up 23% to $44.4 billion in Sep; trade deficit narrows to $30.21 billion

The country's imports rose by 8 per cent to $74.61 billion in September.

The Hindu Businessline 15 Oct 2026 3:11 pm

How India's agricultural damage flags gap between climate warnings and adaptation finance ahead of COP31

High temperatures continue to impact Indian agriculture, leading to decreased crop yields and poor germination rates. Farmers report significant losses in banana production and vegetable crops like okra and gourd. Experts warn about the increasing unpredictability of climate events affecting food security and farming practices. There is a call for greater climate adaptation finance and improved forecasting measures to address these challenges.

The Economic Times 15 Oct 2026 3:10 pm

Air India looks to rejig contracts, insource services

Calls for staff suggestions on ways and means to save costs

The Hindu Businessline 15 Oct 2026 3:10 pm

India's trade deficit widens to $30.21 bn in Sep from $26.86 bn in August

Merchandise exports jumped 23 per cent year-on-year to a four-month high of $44.40 billion, while imports rose nearly 11 per cent to $74.61 billion

Business Standard 15 Oct 2026 3:09 pm

Looksmaxxing blurs line between essential and discretionary for GenZ shoppers - Myntra Head

Myntra is seeing over 30% growth in orders and customers this year as Gen Z accounts for half its customer base. Business head Sharon Pais says fashion spending is becoming essential for young consumers, while festive average order values rose 1012%. The platform is gaining traction with direct-to-consumer brands and expanding rapid delivery through M Now and a new store-linked pilot.

The Economic Times 15 Oct 2026 2:58 pm

India's Exports Up 23% in September, Trade Deficit Narrows

India's exports saw a significant 23 per cent increase, reaching USD 44.4 billion in September, while the trade deficit narrowed to USD 30.21 billion, according to recent government data.

Rediff 15 Oct 2026 2:53 pm

PCOS, fertility and bone health: Gastro doctor, Dr Pal highlights 5 kinds of food women should not ignore

Gastro doctor Dr Pal has highlighted five food groups women should include regularly to support their health through different life stages. These include green leafy vegetables for iron, fatty fish for omega-3 and vitamin D, calcium-rich foods for bones, legumes for gut health, and nuts and seeds for magnesium and healthy fats. He stresses that nutritional needs change from puberty and pregnancy to menopause, making balanced nutrition important.

The Economic Times 15 Oct 2026 2:52 pm

Bhumika group to invest another Rs 450 crore for land acquisition in Faridabad

Bhumika Realty plans to invest Rs 450 crore in land acquisition in Faridabad by March 2027, taking its cumulative land investment in the city beyond Rs 1,000 crore. The real estate arm of Bhumika Group has invested Rs 550 crore over the past year and is expanding across residential, plotted and mixed-use developments.

The Economic Times 15 Oct 2026 2:50 pm

India, US lock first phase of trade pact; legal drafting underway: Piyush Goyal

Commerce and Industry Minister Piyush Goyal announced the finalization of the first phase of the India-US trade pact. This phase is currently undergoing legal drafting, with hopes for quick finalization and operationalization. He emphasized the need for India to secure a competitive advantage over its peer countries before implementation. Additionally, Goyal stated the free trade agreement with the European Union will be signed in December.

The Economic Times 15 Oct 2026 2:49 pm

India's exports rise 23% to $44.4 bn in September, trade deficit narrows

India's exports increased by 23 per cent to USD 44.4 billion in September, and the trade deficit narrowed to USD 30.21 billion, government data released on Thursday said. The country's imports rose by 8 per cent to USD 74.61 billion in September. India's trade deficit in September 2025 stood at USD 33 billion. During April-September this fiscal, exports jumped 18.51 per cent to USD 259.89 billion, and imports climbed 16.31 per cent to USD 437.53 billion. Exports are maintaining their growth trend, Commerce Secretary Rajesh Agarwal said in a press briefing on trade data.

Business Standard 15 Oct 2026 2:47 pm

RBI has spent half of $140 bn FX capital to defend rupee, bankers estimate

RBI has deployed an estimated $75 bn-$80 bn through spot dollar sales and currency swaps since June, as high oil prices, rising US Treasury yields and foreign equity outflows weigh on the rupee

Business Standard 15 Oct 2026 2:42 pm

Nifty 50 Warning: Just 10 Stocks Above 200-DMA

The 200-DMA is a closely watched indicator of a stock's long-term trend and can serve as an early warning of trouble.

Rediff 15 Oct 2026 2:33 pm

US trade pact to be operationalised once India gets competitive edge: Goyal

Commerce and Industry Minister Piyush Goyal on Thursday said the first phase of the India-US trade pact has been finalised and is undergoing legal drafting. He expressed hope that it would be finalised soon and operationalised once India secures a competitive advantage over its peer countries. US bilateral trade agreement's first tranche has been finalised and it is going through final contours, the legal drafting and we hope to be able to finalise that soon and operationalise that once we get the competitive advantage over our peer countries, Goyal said here at an event. He also said that the free trade agreement between India and the European Union will be inked in December and would come into force from February or March next year.

Business Standard 15 Oct 2026 2:32 pm

India's trade deficit widens to $30.21 billion in September despite 23% jump in exports

In September, India's merchandise trade deficit expanded to $30.21 billion from $26.86 billion in August. Exports experienced a notable boost, increasing by 23.04% year-on-year with total figures at $44.4 billion. The growing trade gap signals a significant difference between imports and exports, surpassing economists' expectations of a $30.4 billion deficit. Nonetheless, these figures suggest strong ongoing momentum in India's export activities.

The Economic Times 15 Oct 2026 2:31 pm

Nestl India says rising inflation, particularly food inflation, is a reality

Nestl India has reported a strong 20.5% increase in sales for the September quarter. Profit after tax rose significantly due to robust volume growth across its product categories. Despite challenges from rising food inflation and volatile commodity prices, the company aims to enhance operational efficiencies. Investment in advertising and marketing increased as brand growth remains a priority for the organization.

The Economic Times 15 Oct 2026 2:23 pm

Bollywood actor Imran Khan who took part in CJP protest had sold his Ferrari, BMW and Mercedes for a common mans Volkswagen Polo GT car. Why he ditched the luxury cars?

Former Bollywood actor Imran Khan traded his luxury car collection, including a Ferrari, Porsche, Mercedes and BMW, for a customised Volkswagen Polo GT and a modified Mahindra Thar. He said modifying the Polo over four years has brought him greater satisfaction than driving his Ferrari. Imran is also in the spotlight after Mumbai Police detained him during a protest demanding Chief Election Commissioner Gyanesh Kumars resignation, prompting BJP leader Kirit Somaiya to seek his deportation.

The Economic Times 15 Oct 2026 2:21 pm

India, US trade pact to be operationalised once India gets competitive advantage: Goyal

Free trade agreement between India and the EU will be inked in December and would come into force from February or March next year

The Hindu Businessline 15 Oct 2026 2:20 pm

Supreme Court upholds Bombay HC ruling quashing YES Bank's Rs 8,415 crore AT1 bond write-off

The Supreme Court has confirmed the Bombay High Court's verdict that invalidated YES Bank's write-off of AT1 bonds totaling Rs 8,415 crore, part of a March 2020 restructuring plan. Investors, both institutional and retail, took their grievances to the High Court, leading to YES Bank, the RBI, and the Centre appealing this outcome. This ruling now grants bondholders a pathway to recover their investments that were previously at risk.

The Economic Times 15 Oct 2026 2:14 pm

Net direct tax collection grows 13% to 13.38 trillion till October 14

Net direct tax collection rose 13.21 per cent to about Rs 13.38 lakh crore between April 1 and October 14, driven by a healthy pick-up in corporate taxes. Net corporate tax mop-up grew 20.58 per cent to over Rs 5.99 lakh crore, while non-corporate tax (paid by individuals, firms and HUFs) rose 5.83 per cent to about Rs 6.92 lakh crore so far this fiscal year. Collection from securities transaction tax (STT) swelled 52 per cent to Rs 46,840 crore till October 14 of FY27. Refund issuances soared 24.22 per cent year-on-year to Rs 2.65 lakh crore during the period. On a gross basis, direct tax collection rose 15 per cent to Rs 16.03 lakh crore till October 14. This included corporate tax collection of Rs 7.53 lakh crore and non-corporate tax of Rs 8.03 lakh crore.

Business Standard 15 Oct 2026 2:13 pm

Maison DArome wants India to say oui to luxury perfumes without the heavy price tag

Maison D'Arome has introduced a collection of premium perfumes in India aimed at discernible consumers. The brand asserts its fragrances are crafted with high-quality ingredients. The Indian perfume market is projected to experience significant growth driven by urbanization and rising incomes. Maison D'Arome plans to expand its portfolio and enhance its presence through retail partnerships. The company's founder emphasizes that luxury should be accessible without compromising quality or experience.

The Economic Times 15 Oct 2026 2:10 pm

India to remain world's fastest-growing large economy for next 20-25 years: Piyush Goyal

Digital Desk | New Delhi, Oct 15 (IANS) India will remain the fastest-growing large economy in the world for the next 20-25 years, Union Commerce and Industry Minister Piyush Goyal said on Thursday, asserting that the country is well-positioned to drive global growth and technological advancement in the coming decades. Addressing the SRCC Centenary Conclave here, Goyal said nations across the world are increasingly looking to engage with India because they recognise the potential of its young and ambitious population. The world wants to engage with India today because they recognise the young aspirational India is going to lead global growth. It is going to be the engine of global advancement in technology and global trade, he said. Highlighting India's long-term growth prospects, the minister said the country's demographic advantage, large consumer market and entrepreneurial energy would enable it to maintain its growth momentum for decades. We will continue to be the fastest-growing large economy in the world for the next 20-25 years. Given our demographic dividend, young population and the large market that we have, we will actually be shaping how the future of the world pans out, he said. Goyal stressed that India's progress towards becoming a developed nation by 2047 would depend on the collective efforts of its citizens. He said there was a need to move away from a mindset that avoids challenges and instead embrace responsibility for nation-building. Theres a very large segment of people that is running away from the problems. They are not willing to accept that our destiny is in our own hands. We will have to contribute to make India a developed nation by 2047, he said. According to the minister, the ambition to achieve big goals has become a defining characteristic of modern India and is a key factor behind the country's rising global stature.

bhaskarlive 15 Oct 2026 2:10 pm

Canada's Warren Buffett bets his billions on India. What does he see?

Prem Watsas Fairfax Financial will acquire a 60.72% stake in IDBI Bank for Rs 52,878 crore, marking Indias largest cross-border banking deal. The Canadian investor plans to build a financial services powerhouse by combining banking with insurance, wealth management and capital markets. But regulatory approvals, overlapping ownership with CSB Bank and execution risks could test his biggest India bet.

The Economic Times 15 Oct 2026 2:04 pm

How to make money using AI in the next 5 years: See freelancing, online courses, content creation and consulting options

Over the next five years, people could use AI to support services such as website design, writing, translation, and business consulting, or to build courses, videos and products. 

Livemint 15 Oct 2026 1:58 pm

AI-boosted UK economy beats forecasts, giving Healey pre-budget lift

Britain's economy beat forecasts in August as a further jump in the computer programming sector offered fresh evidence that AI is boosting growth, official data showed on Thursday,

devdiscourse 15 Oct 2026 1:58 pm

ICICI Life bets on women advisors, plans 20,000 hires by FY27

ICICI Life Insurance plans to recruit 20,000 women advisors across India by the end of FY2027 under its Narishakti initiative. Women currently account for around 32% of its advisor base but contribute 45% of agency business. More than 78,000 women advisors were associated with the insurer as of September 30, 2026.

The Economic Times 15 Oct 2026 1:56 pm

ICICI Life plans to hire 20,000 women advisors

The Economic Times 15 Oct 2026 1:56 pm

ReNews Sumant Sinha says cheaper nuclear power can replace coal in India

Sumant Sinha, Chairman & CEO of ReNew, indicates that nuclear projects could be a viable alternative to coal. He emphasizes that reducing the high setup costs of nuclear plants is crucial for wider adoption. India aims to increase its nuclear capacity from 8.8 GW to 100 GW by 2047. Current estimates suggest this growth will require substantial investments of Rs 15 lakh crore.

The Economic Times 15 Oct 2026 1:56 pm

STT collection surges 52% in FY27 so far amid market volatility; net direct tax collection grows 13%

Data from the Income tax Department showed that collection from STT surged to 46,840 crore as against 31,000 crore.

The Hindu Businessline 15 Oct 2026 1:50 pm

SGB 2019-20 Series V: Investors to pocket 294% gains on premature redemption key dates and tax rules explained

SGB 2019-20 Series V investors can redeem their bonds at 14,725 per gram on October 15, 2026. Price gains range from 289% to 294%, excluding interest and taxes. Budget 2026 changes mean premature redemption is no longer eligible for the capital gains tax exemption.

Livemint 15 Oct 2026 1:41 pm

India keeps Pernod Ricard in high spirits even as its top markets cut down on the cheers

Pernod Ricard has reported a 19% rise in sales in India, providing some relief against drops in bigger markets like the US and China. Overall, the company witnessed a slight year-on-year decline of 0.9% for the first fiscal quarter, with US sales down 10% and Chinese sales plummeting by 25%.

The Economic Times 15 Oct 2026 1:40 pm

Trevoc plans Rs 800-1,000 crore investment to expand to tier-2 cities

TREVOC is set to invest between 8001,000 crore in new projects over the next three years. The company aims to generate a gross development value of 3,0003,500 crore through this expansion. Proposed projects include integrated townships in Sonipat and Panipat, consisting of residential and commercial spaces. TREVOC also plans to develop approximately five lakh sq. ft. of commercial property alongside its residential portfolio.

The Economic Times 15 Oct 2026 1:38 pm

Canara Bank has Rs 47000 crore corporate loan pipeline

Canara Bank has a corporate loan pipeline totaling Rs 47,000 crore amid rising demand from Indian companies. The bank expects credit growth to remain above 19% year-on-year for the upcoming quarter. It reported significant growth in deposits and loans due to a strategy focused on non-resident Indian customers. Management anticipates maintaining a return on assets above 1% despite future provisioning requirements.

The Economic Times 15 Oct 2026 1:36 pm

Ghaziabad man builds Rs 20 cr co with wife's savings

The Economic Times 15 Oct 2026 1:35 pm

India's net direct tax collections rise 13.21% to Rs 13.38 lakh crore till October 14 of FY27

Indias net direct tax collections rose 13.21% year-on-year to Rs 13.38 lakh crore as of October 14 in FY27, while gross collections increased 14.89% to Rs 16.03 lakh crore. Refunds rose 24.22% to Rs 2.65 lakh crore. Net corporate tax, non-corporate tax and Securities Transaction Tax collections also increased.

The Economic Times 15 Oct 2026 1:32 pm

Indias edible oil imports up 3.27% in Nov-Sept on higher palm oil shipments

India imported 151.64 lakh tonnes of edible oil in the first 11 months of the oil year 2025-26 against 146.83 lakh tonnes in the corresponding period of the previous oil year 2024-25

The Hindu Businessline 15 Oct 2026 1:32 pm

Rs 5,000 fine for talking or watching on speaker mode! Railway passengers could land in trouble for playing reels, films or cartoons loudly or making phone calls on trains

Railways has warned passengers against playing music, watching videos or making loud phone calls using speaker mode on trains and railway premises. Passengers have been advised to use earphones and keep conversations at a reasonable volume to avoid disturbing fellow travellers. Railway staff have been directed to spread awareness and take action against violators, who could face fines of up to Rs 5,000 or imprisonment of up to six months. The move aims to improve passenger comfort and ensure better etiquette, particularly in enclosed spaces such as AC coaches, where loud audio and prolonged phone conversations can cause inconvenience.

The Economic Times 15 Oct 2026 1:31 pm

Inside Google's Gemini safety strategy: Protecting children, verifying age and tackling AI misinformation

To tackle rising child safety concerns linked with AI, Google is taking proactive steps as children engage with chatbots. The focus is on ensuring age-appropriate interactions, encouraging parental oversight, and promoting responsible AI use. The upcoming Gemini platform will feature age assurance technology to evaluate users' ages based on their behavior.

The Economic Times 15 Oct 2026 1:24 pm

World Bank Group mobilises $36 billion in India in four years, $9.6 billion for MSMEs

The increase reflects growing investor interest in development-linked investments, with guarantees from the IFC and the MIGA helping reduce investment risks and attract private funding

The Hindu Businessline 15 Oct 2026 1:20 pm

Farzi 2 OTT release: When and where to watch, Shahid Kapoor shares an update

Shahid Kapoor is approaching the final stages of filming for the much-anticipated second season of Farzi, a series that has captivated audiences. He has conveyed a deep bond with his character Sunny, indicative of his artistic evolution. Kapoor hinted that the new season will demonstrate a natural narrative progression while elevating the engagement factor.

The Economic Times 15 Oct 2026 1:12 pm

5 money lessons from international bestseller 'The Automatic Millionaire' by David Bach

David Bachs The Automatic Millionaire argues that building wealth depends less on earning a large salary than on creating habits that make saving and investing automatic. 

Livemint 15 Oct 2026 1:10 pm

India passenger vehicle sales rise 22% to 4.54 lakh units in September: SIAM

September 2026 marked a pivotal month for India's automotive sector, with car sales climbing by 22%, reflecting strong consumer interest. Ahead of the festive season, manufacturers stepped up shipments, while two-wheeler sales also surged by 13.5%. This upward trend was bolstered by enhancements in affordability and infrastructure. Despite ongoing global geopolitical tensions, optimism about maintaining this demand growth remains high.

The Economic Times 15 Oct 2026 1:06 pm

Barclays India appoints Bank of America's Sonali Sharma as legal head

Sonali Sharma has been appointed as managing director and head of legal at Barclays India. She previously served as head of legal and general counsel at Bank of America. Her career began as a trainee at Mulla & Mulla before moving to Juris Corp. Sharma has extensive experience in capital markets and risk management. Several banks are bolstering their legal teams in response to regulatory changes.

The Economic Times 15 Oct 2026 1:05 pm

The local unit of Barclays appoints Sonali Sharma as Managing Director and Head of Legal

Sonali Sharma has been appointed as managing director and head of legal at Barclays India. She previously served as head of legal and general counsel at Bank of America. Her career began as a trainee at Mulla & Mulla before moving to Juris Corp. Sharma has extensive experience in capital markets and risk management. Several banks are bolstering their legal teams in response to regulatory changes.

The Economic Times 15 Oct 2026 1:05 pm

When Abhijeet Dipke got upset with Kohli's century

The Economic Times 15 Oct 2026 1:00 pm

I am confident that we will have a India-US trade deal: Sergio Gor

The US Ambassador says India, US are complex economies and matching everything cant happen overnight; Trump expected to decide on Russia sanctions measures within 10 days

The Hindu Businessline 15 Oct 2026 12:56 pm

PV Dispatches Surge 21.8% in Sep, Two-Wheelers Up 13.5%

Domestic passenger vehicle dispatches in India increased by 21.8 per cent year-on-year to 4,54,574 units in September, while two-wheeler sales rose 13.5 per cent to 24.63 lakh units, according to SIAM data.

Rediff 15 Oct 2026 12:54 pm

Rs 3,350 crore gift to Ladakh: India's 1st petroglyph park, airport terminal for 35 lakh passengers & 298-km Himalayan road among 5 projects launched by PM Modi

Prime Minister Narendra Modi inaugurated five development projects worth Rs 3,350 crore in Ladakh on Thursday. The projects include a new Leh airport terminal, the 298-km Nimmu-Padum-Darcha Road, a hydropower project, a transmission line, India's first petroglyph conservation park and 40 water bodies under Project Him Sarovar, aimed at improving connectivity, energy infrastructure, heritage conservation and water security.

The Economic Times 15 Oct 2026 12:52 pm

PepsiCo warns 'energy drink' ban could run its India supplies dry as Red Bull sells on

PepsiCo told an Indian court

devdiscourse 15 Oct 2026 12:52 pm