Business News - Page 18
India’s GDP growth seen at 6.6 per cent in FY27 as external risks weigh: YES Bank
YES Bank expects India’s economy to grow 7.6 per cent in FY26 but sees moderation ahead as West Asia tensions, supply-chain disruptions, higher prices and global uncertainty pose challenges to growth momentum
RBI hopeful of healthy dollar inflows and raises crude oil assumption from $85 to $95 per barrel
RBI Governor Sanjay Malhotra said the central bank expects reasonable foreign currency inflows through ECBs and other measures, while revising its crude oil price assumption upward from $85 to $95 per barrel.
India unveils tax breaks, bond market reforms to woo foreign investors as RBI seeks dollar inflows
India unveiled a package of tax breaks and market reforms to attract foreign capital, including tax exemptions for overseas investors in government bonds, wider access to sovereign debt and measures to boost dollar inflows, as the RBI seeks to strengthen the country's external position amid global uncertainty and FPI outflows
New Income Tax ordinance to exempt FIIs, BIS from tax on interest and capital gains from govt securities
President Droupadi Murmu promulgated the Income-tax (Amendment) Ordinance, 2026, which amends the Income-tax Act, 2025. The changes will be deemed effective from April 1, 2026.
RBI lowers FY27 GDP forecast to 6.6%, sees inflation rising to 5.1% amid oil shock, global risks
RBI Governor Sanjay Malhotra said West Asia tensions, elevated crude oil prices, supply chain disruptions, and weather risks have increased uncertainty around India’s growth and inflation outlook.
RBI raises inflation forecast to 5.1%, warns of oil-price pass-through and monsoon risks
The RBI has raised its FY27 inflation forecast to 5.1 per cent from 4.6 per cent, citing higher crude oil prices, supply-chain disruptions, monsoon uncertainty and El Nino risks, while warning that inflation could move closer to the upper end of its tolerance band later this year
Chinese business lobby opposes Trump’s proposed tariffs, calls US trade probe unfair: Report
China’s leading trade promotion body has criticised the Trump administration’s proposed tariffs on imports from 60 economies, calling the US trade probe unfair and urging Washington to resolve disputes through dialogue instead of trade restrictions
RBI MPC Meeting: 8 key signals to watch in Governor Malhotra’s policy speech
The RBI is widely expected to keep the repo rate unchanged at 5.25 per cent, but Governor Sanjay Malhotra’s policy speech will be closely watched for signals on inflation, growth, crude oil prices, the rupee and future interest-rate moves
US wants a stake in AI boom. Officials discuss equity in OpenAI and peers: Report
Senior US officials have reportedly discussed acquiring equity stakes in leading AI firms such as OpenAI, exploring ways to share the financial gains of the artificial intelligence boom with the broader public
Goldman Sachs sees 100-fold jump in SpaceX AI revenue to $322 billion by 2030: Report
Goldman Sachs projects SpaceX’s AI revenue will surge 100-fold to $322 billion by 2030, helping drive total revenue to $474 billion as Elon Musk’s company prepares for a record-breaking IPO
US-India trade deal hinges on Section 301 outcome, says policy expert
A US-India trade deal remains contingent on the outcome of Washington’s Section 301 tariff framework, as fresh US proposals for up to 12.5 per cent tariffs on imports linked to forced labour add uncertainty to ongoing negotiations between the two countries
India looks to lock long-term crude supplies as PM Modi holds talks with Venezuela’s Rodriguez: Report
Prime Minister Narendra Modi held talks with Venezuela’s acting President Delcy Rodriguez, focusing on long-term crude oil supplies, energy security and expanded cooperation in critical minerals and trade, amid efforts to diversify India’s energy imports.
After Air India, IndiGo joins cancellation wave as West Asia crisis, weak demand hit global routes
India’s largest airline trims several overseas routes for the July-September quarter, with leisure destinations in ASEAN taking the biggest hit amid geopolitical uncertainty and seasonal slowdown
Ray Dalio warns AI boom is looking like 1929 and dot-com bubble: ‘Technology is real, but prices are the problem'
Bridgewater founder Ray Dalio says artificial intelligence could transform the world, but warns that excessive valuations, massive infrastructure spending and investor speculation are creating classic bubble conditions similar to past market crashes.
India signals interest in long-term Venezuela oil ties, says focus on diversifying energy sources
India looks to diversify crude sources as MEA says long-term energy partnerships offer stability over spot buying.
India broadens Venezuela outreach from oil to critical minerals, mining as PM Modi meets Rodriguez
India and Venezuela explored deeper cooperation in energy, critical minerals, mining and pharmaceuticals during Vice President Delcy Rodríguez’s visit, as MEA Secretary (East) Rudrendra Tandon said both sides see strong economic complementarities beyond oil.
India to remain world’s fastest-growing economy for next 20 years, says Piyush Goyal
Commerce Minister Piyush Goyal said India’s ability to turn global crises into opportunities, expanding manufacturing strength, and growing trade partnerships will help sustain its economic momentum for the next two decades.
SpaceX secures Texas tax incentives for $119 billion chip project despite fierce local opposition
SpaceX has secured tax incentives for its proposed $119 billion chip and advanced computing project in Texas despite strong local opposition over environmental and infrastructure concerns
Beyond Hormuz: How Gulf pipelines could redraw the region’s economic map
With nearly a fifth of global oil supply moving through the Strait of Hormuz, Gulf economies are racing to build pipelines, ports and storage networks that can protect trillions of dollars in energy trade from geopolitical shocks
Iran war, falling rupee and more: Why is India cutting tax burden for foreign investors?
As the Iran war drives oil prices higher and foreign investors pull billions from Indian equities, New Delhi is moving to scrap taxes on overseas investments in government bonds. Here's why India sees foreign debt inflows as a key tool to support the rupee and economy
Indian tech workers powered Texas' housing surge. Now the boom is fading
Indian tech professionals on H-1B visas helped drive a housing boom in Dallas suburbs such as Frisco and Celina. Now, layoffs, visa uncertainty and a cooling tech sector are slowing demand, pushing down home prices and leaving builders with rising inventories
RBI right to let rupee adjust, says Gita Gopinath; warns against market distortion
Former IMF Deputy Managing Director Gita Gopinath backed the RBI's approach of allowing the rupee to adjust to economic fundamentals, warning that excessive currency intervention could deter foreign investment
Trump confirms G7 visit to France as Iran conflict tests Western unity
US President Donald Trump has confirmed he will attend the G7 summit in France from June 15-17, where the Iran conflict is expected to dominate discussions and test unity among Western allies amid growing policy differences
‘Money in politics should go away’: Altman rules out political donations amid AI lobbying surge
OpenAI CEO Sam Altman says he will not make political donations this election cycle, distancing himself from campaign spending as scrutiny grows over the AI industry's expanding lobbying efforts and influence in Washington
India plans capital gains tax waiver for foreign investors in government bonds: Report
India plans to eliminate capital gains tax on foreign investments in government bonds and may also remove interest withholding tax, as it seeks to attract more overseas capital and strengthen the debt market
With 96 billion-dollar start-ups, India leads the world in producing US unicorn founders: Report
India-born entrepreneurs have founded 96 billion-dollar startups in the United States, more than founders from Israel, the UK or China, underscoring India's growing influence on America's innovation and startup ecosystem
SpaceX breaks IPO playbook, locks $135 price ahead of Wall Street discovery
SpaceX has broken from traditional IPO norms by setting a fixed $135 share price ahead of Wall Street’s price discovery process, in a move that underscores Elon Musk’s control over what is set to become the world’s largest listing
Tariff shock hits EU steel: Exports to US fall 34 per cent as duties double
EU steel exports to the US have fallen 34 per cent after Washington raised tariffs to 50 per cent, with Eurofer warning of sustained trade disruption and weaker shipments of both steel and derivative products
India growth seen at 6.6% in FY27, inflation within RBI band: Yes Bank
Yes Bank expects India’s headline inflation to average around 5.0–5.2 per cent in FY27, while economic growth is projected at 6.6 per cent after a strong 7.6 per cent expansion estimated for FY26.
Russia’s oil and gas revenue jumps 32% to $9.3 billion in May as global crude oil prices rally
Russia’s energy earnings rose sharply in May on the back of higher global oil prices, offering fiscal relief to Moscow even as its year-to-date oil and gas revenue remains nearly 30 per cent lower than last year.