Mint
RBI Deputy Governor Poonam Gupta said India is the only one of nine emerging economies above $1 trillion GDP projected to cut its public debt ratio between 2025 and 2031. General government debt is forecast to fall from 84.3% of GDP in FY26 to 75.1%.
Read more at Mint →Business Standard
India's Index of Industrial Production grew 6.7% in September, the weakest reading since May's 5%, with a broad slowdown across major sectors, NSO data showed. August growth was revised down to 7.8% from 8%. The slowdown arrived politely, in every sector at once.
Read more at Business Standard →The Tribune
Sustained high oil prices could shave about 0.25 percentage points off India's GDP growth for every $10 a barrel above a $70 baseline, PwC India's Ranen Banerjee told ANI. He said higher crude also widens the current account deficit and adds to inflation.
Read more at The Tribune →The Hindu
The Union Cabinet approved a 3% increase in dearness allowance and dearness relief from July 1, 2026, ahead of Diwali. It covers 48.54 lakh central government employees and 68.71 lakh pensioners, Information and Broadcasting Minister Ashwini Vaishnaw said.
Read more at The Hindu →BusinessLine
The Cabinet approved a ₹10,000 crore scheme running to FY40 to build a globally competitive container manufacturing industry, offering interest subvention, operating expense support, testing aid and land lease help. India currently ships a great deal in boxes made elsewhere, which the scheme intends to change.
Read more at BusinessLine →APAC News Network
The Union Cabinet approved the Khelo India Sports Goods Manufacturing Scheme with an outlay of ₹1,856.67 crore from 2026 to 2033-34. The government says it will strengthen domestic manufacturing, attract private investment, expand exports and reduce reliance on imported sports equipment.
Read more at APAC News Network →BusinessLine
The Cabinet approved the PM Viksit Gram Swaraj Yojana with ₹7,396 crore until FY31 to help panchayats map local resources and draw up development plans, and to train elected representatives. Ashwini Vaishnaw called it a paradigm shift from prescription-based schemes.
Read more at BusinessLine →Hindustan Times
The NPPA revised maximum retail prices for 543 anti-cancer drug brands, with some cuts of up to 90% effective November 9. Dr Reddy's Azacytin 100 mg azacitidine injection falls to ₹1,495.04 from ₹6,337, according to the list seen by HT.
Read more at Hindustan Times →Mint
Himachal Pradesh's drug regulator told the public to stop using 92 batches made in the state that CDSCO flagged as not of standard quality in its September report. Of these, 70 failed critical efficacy tests. CDSCO flagged 330 samples nationwide.
Read more at Mint →The Hindu
Electronics and IT Minister Ashwini Vaishnaw said the government paid ₹19,000 crore under the mobile phone PLI scheme and collected ₹25,000 crore in direct tax and ₹3 lakh crore in GST from beneficiaries. He said electronics manufacturing employs 25 lakh people.
Read more at The Hindu →Mint
The textiles ministry will reopen its PLI application portal from November 1 to December 31, cutting the minimum turnover for the scheme's second category to ₹100 crore from ₹200 crore to draw in MSMEs. The round covers man-made fibre apparel, fabrics and technical textiles.
Read more at Mint →Business Standard
India and Mexico formally launched negotiations for a preferential trade agreement after signing the terms of reference, the commerce department said. The deal will cover market access, rules of origin, customs procedures and trade remedies as India expands its trade footprint in Latin America.
Read more at Business Standard →Social News XYZ
India's engineering goods exports rose 20.91% year on year to $12.17 billion in September, a sixth straight month of growth, EEPC India said. Demand from the US, UK, China and South Korea offset weaker shipments to the UAE and Saudi Arabia amid regional tensions.
Read more at Social News XYZ →BusinessLine
India imported a record 1.1 million tonnes of soybeans in 2025/26, up from about 2,000 tonnes a year earlier, as domestic prices rallied, SOPA data shows. India allows only non-GM beans, so most came from Benin, Niger, Togo and Nigeria, with Niger the top supplier.
Read more at BusinessLine →Mint
The India International Bullion Exchange recorded 570 tonnes of silver trades in the three months since August after no trades in the previous year. The jump followed a DGFT decision in May requiring licences for some silver imports. Spot gold imports were 0.3 tonnes.
Read more at Mint →The Indian Express
Tata Trusts chairman Noel Tata will step down from the boards of six Tata Group companies, including Trent, Voltas and Tata Investment Corporation, on November 12 under the group's retirement policy. He stays on the Tata Sons board and as chairman of Tata Trusts.
Read more at The Indian Express →BusinessLine
Hero MotoCorp reported consolidated net profit of ₹1,861.3 crore for the September quarter, up 42.1% year on year, on revenue of ₹14,970.5 crore, up 23.4%. The company cited growth across premium, scooter, electric, global and commuter segments, which is most of its segments.
Read more at BusinessLine →The Hindu
TVS Motor will demerge its consumer finance business into a separate holding company, with shareholders getting an equal number of shares in the new entity. It reported record quarterly revenue of ₹17,103 crore for the September quarter, up 44% year on year.
Read more at The Hindu →BusinessLine
Hindustan Unilever's consolidated net profit rose 3.9% to ₹2,790 crore in the September quarter, with revenue up 14.5% to ₹18,226 crore. Price increases and cost savings cushioned higher commodity costs, though EBITDA margin narrowed from 24%.
Read more at BusinessLine →The Hindu
Larsen & Toubro plans to nearly double its order book to ₹15 lakh crore by 2031, driven by energy, electrolysers, semiconductors, data centres and manufacturing, finance chief R Shankar Raman said. The company is also pushing renewables, hydrogen and automation.
Read more at The Hindu →BusinessLine
Vedanta chairman Anil Agarwal said the group is exploring ₹70,000 to 80,000 crore of investment in West Bengal in power generation and an aluminium smelter, subject to feasibility studies. He spoke after meeting the state's chief minister and said it could create thousands of jobs.
Read more at BusinessLine →Mint
Foreign airlines want until October 2027 to split international flights between Mumbai's two airports, while Adani Airport plans to start cutting capacity at the existing airport in April, Mint reports. A second meeting ended without agreement. The airports are 50 km apart, which is the crux.
Read more at Mint →ET EnergyWorld
Indian petrol demand will peak by 2035 as EVs, ethanol blending and gas-powered cars gain ground, Indian Oil chairman A S Sahney said, adding that motor spirit is 'feeling pressure from all sides'. He expects diesel and jet fuel consumption to keep growing.
Read more at ET EnergyWorld →