India

According to Reserve Bank of India Deputy Governor Shirish Chandra Murmu, India's rapid adoption of digital payments has not reduced demand for cash. This continued reliance on currency makes it difficult to accurately predict how much money will be needed.

India has initiated consultations with the US at the World Trade Organization regarding tariffs imposed by the White House on quartz products. This action adds to existing friction between the two countries, which currently lack a trade deal.

A sudden decision by India’s central bank (RBI) to end a special incentive for attracting foreign-currency deposits was made ahead of schedule. This move caught bankers, economists, and traders off guard, raising questions about the effectiveness of its communication with market participants.

India, the world's second-largest sugar producer, is considering cutting its import duty on the commodity. This policy change aims to help curb domestic prices that have recently climbed to a record high.

The National Stock Exchange of India Ltd. (NSE), which operates the world’s largest derivatives exchange by trading volume, is planning an initial public offering (IPO). According to people familiar with the matter, NSE is seeking a valuation of as much as 5.26 trillion rupees or $55 billion.

BHP CEO Brandon Craig stated that China's iron ore demand remains steady, supported by manufacturing activity. He also suggested that stronger Indian demand for metallurgical coal should support the market. These comments were made during an appearance with Haidi Stoud-Watts on Insight.

Traders are reducing bets on gains for the Indian Rupee and short-term bonds following India’s decision to close early a special window. This action was implemented to draw foreign-currency deposits, catching market participants off guard.

Indian IPOs are performing strongly despite Nifty losing momentum. The primary market is accelerating, with eight of the past ten Initial Public Offerings (IPOs) demonstrating strong investor demand.

Multi Commodity Exchange of India Ltd. plans to invest up to 2 billion rupees ($21 million) to establish coal and mineral trading platforms. This initiative is set to boost price discovery and improve transparency within the domestic market. The plan follows the government's decision to open up these sectors.

The finance minister announced that India plans to establish a high-powered committee soon. This committee will be responsible for recommending how the banking sector must evolve. These recommendations are designed to support the country's transformation into a developed economy within two decades.

A stampede occurred at a Hindu temple in eastern India's Bihar state. The incident resulted in seven devotees being killed and more than a dozen individuals sustaining injuries.

Shorter-tenor India bond yields surged following an announcement that the central bank will close a special dollar deposit window for overseas residents. This closure is scheduled to happen one month earlier than originally planned.

Singapore-based Sembcorp Industries Ltd. is preparing to file for an initial public offering (IPO) of its Indian unit, Sembcorp Green Infra Ltd.. This IPO could potentially raise as much as $500 million.

Despite administrative hurdles, shipments of silver into India are increasing. Traders plan to capitalize on attractive premiums after imports were disrupted by a new licensing regime.

Sweltering nights in India have exposed a power crunch. The increase in evening temperatures and subsequent air conditioning demand has created a notable gap within the renewable energy supply.

Facing prolonged uncertainty over the Strait of Hormuz—a key waterway for 90% of its LPG imports—India has directed its state companies and private refiners to prepare for a sharp increase in cooking gas production. This effort aims to bolster domestic supplies, as global supply routes are affected by the ongoing situation with Iran.

Indian Prime Minister Narendra Modi announced that India's decades-long Maoist insurgency is nearing its conclusion. However, he issued a warning that the country faces a new battle against ideological supporters of the movement, whom he referred to as “dimagi Naxals.”

Narendra Modi renewed his pledge during an Independence Day speech to develop India into a developed nation within two decades. His administration's growth push is also focused specifically on the youth.

Prime minister Modi promised free exam coaching following protests in India, which were labeled 'cockroach' protests. This commitment was made during an independence day address, where he also vowed to ease financial pressures facing the youth.

Prime Minister Narendra Modi announced plans to expand India's infrastructure by building more semiconductor plants and expanding its nuclear reactor fleet. These initiatives reflect his government’s commitment to developing India into a developed nation within the next two decades.

India’s market regulator has accelerated discussions regarding its new auction system used to determine stock closing prices. This increased review process addresses growing concerns related to the current closed stock auction mechanism. The talks involve high-frequency trading firms and other market players.

Carlyle Group Inc.-backed Quest Global Services Pte has hired banks for an initial public offering (IPO). This planned offering, which is in Mumbai, could raise as much as $1 billion.

An under-construction tunnel collapsed at a hydropower project located in Uttarakhand, an Indian northern hill state. Officials confirmed that the incident resulted in the death of at least seven workers.

The Goldman Sachs chief India economist stated that broad adoption of AI could boost productivity across India. This technology is projected to support wage growth for Indian workers who utilize the tools.

ICICI Bank Ltd., based in India, has successfully launched a syndicated offshore loan of approximately $1.45 billion. This action positions ICICI among several other local Indian banks accessing overseas debt. These banks are utilizing a central bank facility designed to lower hedging costs.

Pakistan celebrated its Independence Day with fireworks in Islamabad as jubilant crowds poured into public spaces. During official events, Prime Minister Shehbaz Sharif addressed concerns regarding India, stating that while Pakistan wants peace, any threats to sovereignty would draw a strong response. He also criticized India for suspending the World Bank-brokered water sharing treaty for the Indus River system.

Easing volatility in the Indian Rupee may potentially attract increased foreign money. Furthermore, the rupee has been noted as being steadier compared to both the Indonesian rupiah and the Philippine peso.

Tata Motors Passenger Vehicles Ltd., the parent of Jaguar Land Rover, reported a lower-than-expected quarterly profit. This decline was due to weakness in its UK luxury unit, which offset strong sales recorded in India.

Opposition lawmakers disrupted the monsoon session of Parliament, demanding the resignation of Home Minister Amit Shah. The protests were linked to police action taken against widespread student protests, which added increased pressure on Prime Minister Narendra Modi’s government.

A boardroom battle at India's $280bn behemoth signals the start of the ‘Noel Tata era’. Additionally, N Chandrasekaran’s successor faces a host of challenges while serving at Tata Sons. This organization operates entities including Air India and Jaguar Land Rover.

Natarajan Chandrasekaran, Chairman of Tata Sons, is preparing to step down amid mounting uncertainty following a boardroom deadlock. This leadership change comes as India's $180 billion conglomerate faces increased financial and regulatory pressures.

India experienced steady inflation during July, remaining within the Reserve Bank’s target range of 2%-6%. This stability supports expectations that policymakers plan to keep interest rates unchanged for some time.

Heavy monsoon rains triggered a landslide in Mumbai. The incident resulted in the death of at least six people and injured four others.

Small steelmakers in India can benefit by switching to renewable energy sources. This transition helps these companies reduce their electricity costs while also allowing them to cut millions of tons of carbon emissions.

A report found that smaller steel companies could cut electricity bills by up to 34% and significantly reduce carbon emissions by switching to renewable energy. The most practical option suggested for small producers is jointly investing in and owning a clean power project via a cluster-based approach. This shift is deemed essential both for meeting India's net-zero emissions goal by 2070 and shielding companies from potential European carbon taxes.

A report found that smaller steel companies in India could cut electricity bills by up to 34% and sharply reduce carbon emissions by switching to renewable energy. The authors recommend a cluster-based approach, where small producers jointly invest in owning a renewable energy project to lower individual financial burdens. This shift is seen as essential for the steel sector to meet India's goal of achieving net-zero emissions by 2070.

Index-options trading volumes in India have dropped 27% and slumped during the first week of a new closing auction mechanism. This decline is attributed to traders adjusting their strategies amid one of the country’s biggest market-structure overhauls.

StanChart COO Tanuj Kapilashrami stated that AI is improving efficiency across banking operations while simultaneously generating demand for new skills. She also noted her belief that India will remain a key growth hub for both talent and technology.

Small and mid-cap funds in India are maintaining investor interest. The smaller stocks have shown strong performance, comfortably outpacing large caps this year.

India plans to tighten rules regarding foreign-funded Non-Governmental Organizations (NGOs). Charities and religious groups have expressed fear that a new bill could lead to the government confiscating their assets.