Business Standard

Balance of payments recorded a deficit of $8.1 billion in Q1FY27 as portfolio outflows weighed, compared with a surplus of $4.5 billion in the year-ago quarter

Diesel export duty rises to Rs 25 per litre and petrol attracts a Rs 1.5 levy, while the export duty on aviation turbine fuel falls to Rs 19 per litre

Merchandise trade deficit at USD 86.1 billion in the April-June period of 2026-27 was higher than USD 68.9 billion in the first quarter of 2025-26.

Ind-Ra sees rising corporate funding needs supporting bank lending and money-market activity, while lower-rated NBFCs could face wider credit spreads

Ray, who was serving as regional director for Maharashtra before his elevation, will look after the DICGC and Premises Department as executive director

PM cites India's 7.8 per cent June-quarter GDP growth to renew his Swadeshi pitch, urging citizens to embrace self-reliance and sustain economic momentum

Officials from India's Mines Ministry held preliminary talks with Zambia on August 26 as New Delhi seeks overseas sources of copper and other critical minerals

Transaction volumes rose 3.6 per cent month-on-month and 22 per cent year-on-year, while average daily UPI transactions increased to 791 million

Import-related GST revenue surged 29 per cent year-on-year, outpacing domestic growth, while net collections rose 8.3 per cent to 1.68 trillion

New orders and output expanded at their weakest pace in five years, while manufacturing employment contracted for the first time in two-and-a-half years

India faces below-normal rainfall in September after a 14% deficit through August, raising concerns over soil moisture and crops including rice, sugar cane and soybeans

The rupee gained 26 paise to trade at 94.96 per US dollar on Tuesday morning, on robust domestic growth, contained fiscal slippage, and portfolio-related inflows. Forex traders said the USD/INR pair appears to have found a strong near-term base around 95.10-95.20. While MSCI-related inflows have provided temporary support. At the interbank foreign exchange market, the rupee opened at 95.06, then gained ground to touch 94.96 against the US dollar, registering a gain of 26 paise from its previous

India's manufacturing sector expanded at its weakest pace in five years in August as output and new orders slowed, while employment fell for the first time in two-and-a-half years

Jet fuel prices rose by 6.28 per litre to 121.28, while commercial LPG increased to 2,747.50 per 19-kg cylinder, raising costs for airlines and businesses

A record over 7.8 crore ITRs have been filed for assessment year (AY) 2026-27 till August 31, the income tax department said on Tuesday. Last year, over 7.3 crore income tax returns (ITRs) were filed by September 16, 2025, the extended deadline for filing returns for non-audit cases for AY 2025-26. A record 7.8 crore+ ITRs have been filed for AY 2026-27 as on August 31,2026, the I-T department said in a X post. This also includes over 5.9 crore ITR-1 and ITR-2, which were filed by the due date

Mahanagar Gas on Monday announced a hike in CNG prices by Rs 2 per kg and domestic piped natural gas (PNG) by Rs 1 per standard cubic meter (SCM) citing a rise in input costs due to the Middle East tensions. The new price of Compressed Natural Gas (CNG) will be Rs 88 per kg in and around Mumbai, effective from midnight on September 1, an official statement said. In view of the ongoing crisis in the Middle East, which has resulted in a significant increase in input gas prices linked to internatio

Gujarat highlights opportunities in semiconductors, green energy, data centres and manufacturing as it gears up for the 11th Vibrant Gujarat Global Summit in January 2027

Through July 31, FCNR(B) deposits had accounted for $36.7 billion of the total $40.8 billion in foreign exchange inflows mobilised under the measures.

PM calls for an end to the Russia-Ukraine conflict and freedom of navigation in the Strait of Hormuz as SCO leaders discuss stronger regional trade and connectivity

CEA V Anantha Nageswaran says strong manufacturing, services and exports underscore India's economic resilience despite global uncertainty and energy risks

Finance ministry says domestic demand remains resilient, but an intensifying El Nino and weather-related risks warrant caution on food inflation and agricultural output

India's services growth broadened in June, with 18 of 19 sub-sectors expanding and real estate leading at 24.7%, even as air transport remained in contraction

Banks parked Rs 3.84 trillion against the Rs 10 trillion notified in Monday's VRRR auctions, while the benchmark 10-year government bond yield rose to 6.95 per cent

PNB is also in advanced talks with Punjab & Sind Bank for co-branded credit cards, has mobilised nearly $2.5 billion in FCNR(B) deposits and plans AI-run call centres

Capital spending rose 30 per cent year-on-year to Rs 4.51 trillion in April-July, while the fiscal deficit fell nearly 3 per cent to Rs 4.55 trillion

Gross fixed capital formation growth accelerated to 11.9 per cent in Q1FY27, while private consumption growth slowed to 7.1 per cent from 7.5 per cent in Q4FY26

ICICI Bank's market capitalisation has risen fourfold over six years, while HDFC Bank's has doubled, narrowing the valuation gap between the two lenders

Private equity and venture capital funds' investments in India increased 3 per cent year-on-year to USD 4.1 billion in July, as per a report released on Monday. The investments were up from USD 4 billion recorded in July last year, and 52 per cent higher than USD 2.7 billion invested in the preceding month, the report by the consultant EY and industry grouping IVCA said. The number of deals in July 2026 at 111 was 7 per cent lower than the 119 transactions in July 2025, indicating a jump in tick

India dropped the MFN clause from its 2016 Model BIT after an investment dispute raised concerns over its broad use. Now, a limited MFN rule is reportedly under consideration

Maruti Suzuki chairman RC Bhargava said GST reforms supported several sectors and helped the Indian economy navigate uncertainty from the West Asia conflict

The rupee recovered after briefly falling to 95.60 as RBI intervention offset pressure from higher oil prices and growing expectations of a US interest-rate hike

The Business Standard's India State Fiscal Health Tracker is based on the RBI's 2025 Handbook of Statistics on Indian States and compares states and UTs across eight separate fiscal indicators

Delhi has the lowest debt burden among states and Union Territories, while Arunachal Pradesh has the highest, based on FY25 Budget Estimates

The rupee fell 13 paise to trade at 95.56 per US dollar on Monday morning pressured by rising crude oil prices and geopolitical strain. Forex traders said market participants have raised the probability of a September Fed rate hike, pushing US Treasury yields higher and triggering a broad dollar rally, denting investor sentiments further. At the interbank foreign exchange market the rupee opened at 95.56, registering a fall of 13 paise from its previous close. On Friday, the rupee rose marginall

Business Standard's State Fiscal Health Tracker compares states and Union Territories on capital outlay as a share of total expenditure. Here's what the FY25 Budget Estimates show

Business Standard's State Fiscal Health Tracker compares states and Union Territories on revenue deficit as a share of GSDP. Here's what the FY25 Budget Estimates show

The Commerce Ministry will meet with industry associations and representatives of export promotion councils on September 1 on India-US trade performance, an official said. The meeting will be chaired by Additional Secretary in the ministry Darpan Jain. He is also the country's chief negotiator for the India-US bilateral trade agreement (BTA). The deliberation is important as Commerce and Industry Minister Piyush Goyal will visit the US in late September to attend the G-20 Trade Ministerial in Mi

Finance Minister Nirmala Sitharaman says India can maintain its growth momentum despite geopolitical uncertainties and supply-chain disruptions

Government-funded affordability support and a wider domestic gas pool will cushion consumers from the impact of higher procurement prices paid to CBG producers

Record forex reserves and stronger credit flows provided support, but uneven monsoon rains, food-price interventions and external risks kept policymakers on alert

Foreign portfolio investors (FPIs) infused Rs 30,919 crore in Indian equities in August, extending their buying streak to a second straight month, amid improving corporate earnings, resilient economic activity, stable rupee and easing geopolitical concerns. The inflow follows Rs 20,200 crore invested in July, marking a sharp turnaround after four consecutive months of heavy selling. FPIs had withdrawn Rs 49,340 crore in June, Rs 32,963 crore in May, Rs 60,847 crore in April and a massive Rs 1.17

India needs 9.25% growth rate to meet PM Modi's 2047 developed-nation goal, according to Ashok Lahiri, a senior official at the country's apex government-run think-tank

The Finance Ministry will begin the exercise to prepare the Union Budget for 2027-28 from October 12 amid heightened global uncertainties and rising food and fuel prices. The Budget for the next financial year is expected to focus on the reform continuation exercise to further accelerate economic growth, along with measures to create jobs and boost domestic demand. Pre-budget meetings chaired by Secretary (Expenditure) shall commence from October 12, 2026. Financial Advisers shall ensure that ne

The GST Council will meet on September 12 and is likely to consider easing blocked input tax credit rules, refund norms and transfer of unutilised ITC

CNG will cost Rs 86.98 per kg in Delhi from August 29, with IGL citing higher imported spot LNG prices following renewed disruption around the Strait of Hormuz

Finance Minister Nirmala Sitharaman invited global investors to set up manufacturing bases, and technology and innovation centres in India, urging them to leverage talent and opportunity to build for the world. Addressing a high-level Business Roundtable with leading investors and business leaders in Chicago on Friday, Sitharaman highlighted India's broad-based growth, reform momentum and expanding opportunities for long-term investment. Sitharaman emphasised that India's investment proposition

Business Standard's State Fiscal Health Tracker compares states and Union Territories on own revenue as a share of total revenue receipts. Here's what the FY25 Budget Estimates show

Business Standard's State Fiscal Health Tracker compares states and Union Territories on gross fiscal deficit as a share of GSDP. Here's what the FY25 Budget Estimates show

CNG price in Delhi and adjoining cities will rise by Rs 3.89 per kg from Saturday, Indraprastha Gas Ltd said on Friday. In a statement, IGL said a significant portion of input gas for CNG is being met through imported LNG, whose rates in the spot or current market have seen a surge since the beginning of the West Asia conflict. With international LNG prices remaining elevated and the cost impact becoming increasingly significant, a calibrated revision of Rs 3.89 per kg has now become necessary t

The Reserve Bank of India (RBI) on Friday announced the buyback of government securities worth Rs 30,000 crore on September 3. The auction will take place on September 3, between 10:30 AM and 11:30 AM on the Reserve Bank of India Core Banking Solution (E-Kuber), the RBI said in a notification. The government will buy back securities such as 7.33 per cent GS 2026, 5.74 per cent GS 2026, 8.15 per cent GS 2026, and 8.24 per cent GS 2027, the notification said. The central bank has not notified any