29 result(s) for “Economy”
Provisional government data show gross GST receipts jumped 22.9 percent in October to ₹2.31 lakh crore, driven by a 42 percent rise in import-related taxes and stronger domestic sales ahead of Diwali. The windfall helps fiscal math now, but officials and analysts caution the boost may not be durable.
India benchmark indices ended October with a rebound, led by heavy buying in banking, consumer and select IT names after global rate signals and easing crude oil pressure lifted sentiment. Domestic flows and festive demand underpinned the rally.
Shipments of diesel from Indian refineries jumped in October, driven by tight global supplies and elevated international margins. The surge helps offset a rising crude import bill, but strong domestic demand and export levies will shape how much India can sell overseas.
Indian equity benchmarks slipped on October 29, 2026, as investors booked profits after a recent rally and assessed monetary policy risks and global market volatility. Financial stocks led declines while domestic data and corporate earnings kept trading cautious.
Foreign portfolio investors have withdrawn a net Rs 48,056 crore from Indian equities so far in October, taking 2026 cumulative outflows past Rs 3.08 lakh crore. Analysts point to high crude prices, Middle East tensions, weak corporate earnings and global rate pressures as the main drivers.
Prime Ministers Narendra Modi and Donald Tusk agreed to deepen economic cooperation and aim to double two way trade from about USD 6.3 billion by 2030, while signing measures to expand defence industry collaboration, energy and high technology links.
Jio Platforms closed its three day initial public offering with record demand on October 23, 2026, attracting bids worth more than Rs 7.4 lakh crore and setting new benchmarks for India equity market appetite and liquidity dynamics.
The Wadhwani Innovation Network at IIT Bombay, in partnership with the Manipal Government of Karnataka Bioincubator, launched a competitive non dilutive grant program on October 23, 2026 offering up to Rs 1 crore to de risk technology translation for Indian health and bio startups. The move aims to accelerate commercialization of lab stage innovations and strengthen India’s bioeconomy pipeline.
Jio Platforms Ltd’s Rs 30,213 crore initial public offering was fully subscribed within hours, driven by heavy institutional demand and large anchor bookings. The blockbuster opening lifts market expectations for primary issuance and intensifies debate over retail participation and pricing ahead of listing.
Jio Platforms, the digital and telecom arm of Reliance Industries, opened a roughly Rs 30,000 crore initial public offering on October 21, 2026. The three day subscription window marks the country’s biggest share sale and will test investor appetite for a high valuation and a capital markets milestone.
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Jio Platforms filed a Red Herring Prospectus on October 14 and set an IPO that opens October 21. The offer, including a reserved slice for Reliance shareholders, could raise about Rs 30,000 crore and marks one of India’s biggest listings this year.
The cult holiday pop up Miracle Toronto will open two locations on November 20, combining kitsch holiday design, new food partnerships and fundraising for a Toronto women s shelter, a move organizers say reflects growing demand for seasonal experiential hospitality.
The Union Cabinet on October 14 approved the sale of a 60.72 percent combined stake in IDBI Bank to an entity backed by Canada’s Fairfax Financial Holdings for Rs 52,878 crore. The transaction, cleared on October 15 for publication, is a landmark foreign direct investment into India’s banking sector and raises questions about valuation, market response, and the future of state ownership in banking.
Hyundai Motor Group said on October 14, 2026 that it will invest $15.5 billion in India through 2032 to expand manufacturing, R and D, and local supply chains, positioning the country as a cornerstone of its global growth strategy.