Ankishinde

India's gold market is undergoing a transformation as elevated prices and global uncertainty drive a the sharp shift from jewellery consumption to investment demand, according to a joint report released Wednesday by the Associated Chambers of Commerce and Industry of India and ICRA Ltd.
Global gold jewellery consumption declined 15% in 2024-25 (Apr-Mar) and fell a further 17% year-on-year in the first half of FY26, while investment demand for bars, coins, and ETFs surged 74% in FY25 and another 60% in the first half of FY26, the report said.
India, however, retained its position as the worl

India's growth is likely to see a significant slowdown in the March quarter compared to a quarter ago, dragged down by weak private sector activity, Pantheon Macroeconomics said in a report Wednesday. The long-term outlook for India, however, remains "unfazed", the UK-based economic research firm said.
GDP growth in the March quarter may fall to 6.1% from 7.8% in the December quarter, based on the Purchasing Managers' Index reports, economists at Pantheon said. The government's second advance estimate projects GDP growth in the current financial year ending Mar. 31 at 7.6%, which implies tha

The Organisation for Economic Co-operation and Development sees slower growth and sharply higher inflation in India because of the surge in energy prices driven by the US-Israel war on Iran. The OECD, in its interim economic outlook, said the Reserve Bank of India will have to temporarily raise interest rates in the June quarter to tackle inflationary pressures.
The OECD lowered its forecast for India’s GDP growth in the financial year starting Apr. 1 by 10 basis points to 6.1% and retained the growth forecast for FY28 at 6.4%. The Indian economy expanded 7.8% in the December quarter, based

The government has cut the excise duty on petrol and diesel by INR 10 per litre, the finance ministry said in a notification published Friday. It has also levied an export duty of INR 21.50 per litre on diesel and INR 29.50 per litre on aviation turbine fuel.
The excise duty on petrol has been cut to INR 3 per litre from INR 13 per litre. The duty on diesel has been lowered to zero from INR 10 per litre. The move comes at a time when the price of Brent Crude has jumped 47% to over $100 per barrel in the aftermath of the US and Israel launching a joint attack on Iran on Feb 28.
The excise du

Goldman Sachs has downgraded Indian equities to 'market weight' from 'overweight' earlier, and trimmed its 12-month target for the Nifty 50 to 25900 points from the previous target of 29300 points. The earnings forecast for 2026 has been lowered to 8% from 16?rlier, and that for 2027 has been cut to 13% from 14%. Slower growth, and depreciation of the Indian rupee as a result of high crude oil prices will weigh on the Indian equity market, Goldman Sachs said in a research report.

Goldman Sachs said that the risk-reward ratio for the Indian market is lesser compared to North Asian markets a

Ratings agency ICRA Friday changed its outlook for the Indian aviation industry to negative from stable following the disruptions caused by the military conflict in West Asia. The conflict, which broke out when the US and Israel attacked Iran on Feb. 28, has also led to a sharp depreciation of the rupee against the dollar alongside a hardening of aviation turbine fuel prices, ICRA said in a release. In all, the agency expects earnings pressure on airlines to rise "significantly".
Movement in yields of airlines will be monitored closely by the rating agency as it is linked with jet fuel price

The Reserve Bank of India will remain proactive and pre-emptive in managing liquidity conditions to ensure the financial system has adequate funds to support the needs of the economy, Governor Sanjay Malhotra said after the Monetary Policy Committee’s meeting on Mon-Wed.Liquidity in the banking system has remained comfortable, with an average daily surplus of about INR 2.3 trillion since the last monetary policy meeting on Feb. 6, Malhotra said. The RBI, he said, would ensure sufficient liquidity is available to meet the productive requirements of the economy, indicating continued support for

The Reserve Bank of India Wednesday projected India's GDP growth in 2026–27 (Apr-Mar) at 6.9%. The central bank also cut its growth estimates for the June quarter to 6.8% from 6.9% and that for the September quarter to 6.7% from 7%.
The RBI projected growth of 7% for the December quarter and 7.2% for the March quarter. But risks to the baseline projection are tilted to the downside with uncertainty remaining elevated due to the West Asia conflict, RBI Governor Sanjay Malhotra said, while giving the projections. "Further escalation and wider spread of the conflict, heightened volatility in gl

The Central Bank Digital Currency is the future of payments, but there is a right time to launch it, Reserve Bank of India Deputy Governor T. Rabi Sankar said Wednesday. The right time to launch the Central Bank Digital Currency depends on other countries being "ready" for it, as the biggest advantage of this currency is in cross-border transactions, Sankar said at a post-policy press conference. The RBI is in no hurry to launch the digital currency, he said.

So, if you quickly launch it and the other countries have not launched it, that is not the situation we want to be in," Sankar said.

The Reserve Bank of India Thursday released the final guidelines to facilitate quicker cross-border inward payments by banks. The guidelines will be effective in six months, the central bank said in a notification.
The speed of the cross-border payments is affected by several factors. One of the challenges with speed of payments is experienced at the beneficiary leg i.e., the time taken from receipt of the payment at the beneficiary bank till credit to the beneficiary account,” the RBI said. “Review of the extant process for inward cross-border payments indicated the need for streamlining th

Tata Consultancy Services Ltd. has entered the financial year 2026-27 (Apr-Mar) with confidence, where it comes to order flow and traction in services, the management of the information technology services major said in a post-earnings conference call with analysts Thursday.
We've a good orderbook getting into FY27...Our new-age services are also gaining traction. So, overall we're getting into the next year (FY27) with a lot of positivity and confidence," Chief Executive Officer and Managing Director K. Krithivasan said. He said the company is also positive on growth in its international bu

Analysts expect high costs to hit the earnings growth of companies in the March quarter, an otherwise better quarter that saw improvement in revenue growth. The US-Iran conflict pushed gas prices higher and interrupted the supply of key raw materials, which is likely to have resulted in higher costs for companies, brokerages said.
The 49 constituents of the Nifty 50 index for which estimates were available are likely to report a cumulative net profit growth of just over 3% for the March quarter over the same quarter last year, according to an Informist poll of 16 brokerages. The latest quart

Asian Development Bank has projected India's GDP to grow 6.9% in the current financial year, 40 basis points higher than estimated earlier but slower than the 7.6% growth in FY26. The multilateral bank expects the war in West Asia and high energy prices to weigh on India's economic activity and exports and push inflation higher in the near term.Growth is seen moderating this year mainly because of heightened global uncertainty caused by the war in West Asia, higher energy prices, and volatile trade and financial conditions, ADB said in its Asian Development Outlook for April. Growth is expect

The Reserve Bank of India’s recent restrictions on foreign exchange trades involving the rupee have created favourable condition for foreign portfolio investors to exit their holdings of Indian government bonds, dealers said. FPIs have taken the opportunity to sell gilts under the fully accessible route at the fastest pace on record.
FPIs sold INR 40.33 billion of index-eligible gilts on Thursday, according to Clearing Corp. of India data. On Mar. 30 and Thursday, they sold INR 73.19 billion worth of these bonds, the largest quantum of sales over two sessions since the fully accessible route

The Supreme Court Monday ordered the Central Bureau of Investigation to initiate within two weeks a preliminary enquiry into award of public work contracts worth INR 12.70 billion in Arunachal Pradesh to firms owned by the family members of Chief Minister Pema Khandu. Preliminary enquiry and consequential investigation, if any, shall cover execution of public works, contracts, and work orders within the period from 2015 to 2025, said the bench of Justice Vikram Nath and Justice Sandeep Mehta.
The CBI shall in particular examine awards made to Khandu, his father's second wife Rinchin Drema an

FSN E-Commerce Ventures Ltd., which operates its business under the Nykaa brand, Monday said its consolidated net revenue growth on year for the March quarter is expected to be in the late twenties, which would be the highest growth in the past 12 quarters. "This strong performance came on the back of acceleration in fashion vertical along with sustained strong performance of beauty vertical," the company said in an exchange filing.
The company's consolidated gross merchandise value growth and net sales value growth for Jan-Mar are expected to be in late twenties and early thirties, respecti

The Reserve Bank of India's Monetary Policy Committee Wednesday left the policy repo rate unchanged at 5.25% in a unanimous decision, Sanjay Malhotra, the central bank's governor, said. Malhotra said the war in West Asia poses risks to India's economy even as the fundamentals remain strong. The committee also retained its 'neutral' policy stance.
The rate-setting panel's decision was on expected lines. Most economists and market participants polled by Informist had expected the committee to hold the key interest rate and stance. The committee has lowered the repo rate by 125 bps in 2025, the

ICICI Lombard General Insurance Co. Ltd.’s net profit growth for the March quarter is expected to be the highest in three quarters, driven by robust premium income growth and lower underwriting losses, according to brokerages tracking the insurer.
ICICI Lombard, India’s second-largest general insurance company by market share, is expected to post a net profit of INR 6.39 billion for the March quarter, according to the average of estimates of four brokerages. This would be 25% higher on year and the steepest growth in three quarters. Sequentially, however, the net profit is seen slightly lowe

The International Monetary Fund has raised its forecast for India's GDP growth in the current financial year started Apr. 1 by 10 basis points to 6.5%, citing continued momentum from FY26 and lower US tariffs. The reduction in US tariffs on Indian goods to 10% from 50% will also outweigh the adverse impact of the war in West Asia, the IMF said in its April edition of the World Economic Outlook report.
The IMF also raised India's growth forecast for FY28 by 10 bps to 6.5%. The Indian economy grew 7.8% in the December quarter and is projected to grow 7.6% in FY26, according to the government's

Steady demand from the banking, financial services, and insurance vertical, sharp depreciation of the rupee against the dollar, and the absence of one-off costs related to new labour code provisions may help Wipro Ltd. report net profit growth for the March quarter, the first in 2025-26 (Apr-Mar). Similarly, the company's top line for the quarter is expected to grow at its fastest pace in over three years, thanks to the two-month revenue contribution from its recent acquisition of the digital transformation solutions business unit of HARMAN International. However, analysts are divided on how