Russia cuts expected 2026 oil output to a 17-year low, while rising crude exports and India's purchases put the spotlight on Moscow's key Asian oil market.
The government wants to ensure adequate domestic supplies of sugar at stable prices ahead of the festive season.
India's resilient economy defies foreign scepticism, with Q1 GDP growth outpacing expectations at 7.8%, driven by strong investment and fiscal improvements. Despite geopolitical tensions and oil price concerns, India's growth fundamentals show promise.
August collections were lower than ₹2.11 trillion in July, when GST collections crossed the ₹2 trillion mark for the second time.
Nearly three in four Gen Z professionals in India prioritise work-life balance over leadership titles, an Emeritus study found. While 60% feel pressure from constant upskilling, 82% use AI tools weekly to learn. Interest in studying abroad is also weakening amid costs and visa uncertainty.
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India’s manufacturing activity expanded at its slowest pace in nearly five years as cooling demand and output cuts triggered a mild dip in factory jobs, even as cost pressures eased.
India hosts the Brics summit as the bloc gains global weight; inflation diverges across major economies, Tim Cook exits Apple, youth unemployment rises in South Asia and AI’s impact on jobs remains uneven.
The numbers offer a sliver of hope amid the global uncertainty due to US-Iran war. The table-thumping numbers come amid a challenging global environment marked by geopolitical tensions, oil shocks and economic uncertainty.
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Power deficit crosses 10 million units as a weak monsoon forces farmers to turn on irrigation and households to crank up air-conditioners
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Bank of England chief Andrew Bailey said the rapid development of advanced AI models could allow cyber vulnerabilities to be identified more quickly, potentially giving attackers greater ability to exploit weaknesses across financial institutions and critical systems.
Amid the external headwinds, the finance ministry highlighted that the domestic economy retained its vigour in August, with demand remaining strong and the external sector displaying stability.
US Fed Chair Kevin Warsh feels there is a surge in global investment that is powering growth and reversing past rush to save to bring capital back into play instead of remaining idle, Reuters reported.
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India's 7.8% real GDP growth in Q1 FY27 reflects resilience despite global uncertainties and West Asia tensions, CEA V Anantha Nageswaran said. Manufacturing, services, exports and consumption remained strong, while fiscal risks have eased.
