Business & Economy · Oct 20, 2026
US Secretary of State Marco Rubio arrived in Mumbai on October 20, 2026, seeking to push a near finalised bilateral trade agreement while American and Indian officials also navigate sensitivities over India’s purchases of Russian crude. The visit, which will include stops in Jamnagar, underlines how trade, energy and private sector ties are converging at a critical moment for investment and industrial policy in India.
Business & Economy · Oct 17, 2026
Canada’s Fairfax Financial will acquire 60.72 percent of IDBI Bank for about Rs 52,878 crore, a transaction the government and markets describe as the largest foreign direct investment in India’s banking sector. The deal shifts a state-backed lender into private hands and raises questions about regulatory approvals, ownership rules and the future of related bank holdings.
Business & Economy · Oct 15, 2026
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.
Business & Economy · Oct 14, 2026
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.
Business & Economy · Oct 8, 2026
The Reserve Bank of India raised the repo rate by 25 basis points and signalled a calibrated tightening stance, prompting a spike in bond yields, fresh foreign investor selling and early bank rate adjustments on October 8, 2026.
Business & Economy · Oct 3, 2026
India cautioned on October 3 that tariffs, export controls and other trade restrictions are increasingly serving strategic purposes, injecting new uncertainty for exporters, global supply chains and foreign investors. The remarks, delivered at a major economic conclave, outline a policy tension between resilience and openness that businesses and trade partners will need to navigate.
