Business

ONGC, Reliance sign agreement to share deepwater resources

Oil and Natural Gas Corporation Limited (ONGC) and Reliance Industries Limited (Reliance) signed a path-breaking agreement during the ongoing India Energy Week 2026 to enable resource sharing for deepwater offshore exploration and production (E&P) operations on India's East Coast, particularly across the Krishna Godavari (KG) basin and Andaman offshore.

2026-01-28T11:02:10.376168+00:00 IST

PSU Banks tighten grip on gold loans

As of November 2025, PSU Banks accounted for nearly 60% of the total gold loan portfolio outstanding, strengthening their leadership position over the past two years. Their growing share reflects a strategic tilt towards secured lending, as banks prioritise strong collateral amid elevated gold prices and a cautious broader credit environment, the report said.

2026-01-28T10:36:12.038210+00:00 IST

Reducing fiscal deficit key focus for Budget 2026: EY Report

India's fiscal deficit is budgeted at 4.4% of GDP in FY26, and policymakers are expected to signal a further consolidation to around 4.0% in FY27, EY said. However, slower-than-expected nominal GDP growth and subdued tax collections have narrowed the room for manoeuvre.

2026-01-28T09:26:18.586432+00:00 IST

President outlines India’s vision for global leadership

Addressing the joint session of Parliament at the start of the Budget Session today, President Droupadi Murmu highlighted India's growing economic trajectory and the transformative reforms in the rural parts of the country.

2026-01-28T09:09:58.001240+00:00 IST

EU FTA to level textile playing field with Bangladesh, Pakistan

The agreement is expected to provide a major boost to India's textile and apparel sector, which currently faces tariffs of up to 12% in the EU, compared with zero duties for competitors such as Pakistan, Bangladesh and Turkey. Similar benefits are expected for exports of chemicals, leather products and footwear.

2026-01-28T09:03:38.998007+00:00 IST

Textile industry urges for measures to mitigate US tariff impact

The Indian textile and apparel industry has approached the government with a comprehensive set of policy recommendations to counter the severe economic headwinds caused by steep U.S. tariffs, post the second round of a survey conducted by the Confederation of Indian Textile Industry (CITI) in December 2025.

2026-01-28T09:00:30.609643+00:00 IST

Global trade faces crossroads in 2026 amid AI, tariffs

After a volatile yet resilient 2025, the outlook for the coming year is marked by a tension between rising trade barriers and the emergence of new bridges. US tariff policy remains a central source of uncertainty, particularly with sector-specific duties under Section 232 expected to stay in focus.

2026-01-28T08:17:33.170012+00:00 IST

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Business

Kerala Economic Review 2025: State posts 6.19% GSDP growth

According to the National Statistical Office (NSO), CPI-Combined inflation stood at 1.54 per cent and 9.05 per cent respectively in India and Kerala, in September 2025. In Kerala, rural inflation is higher than urban inflation in September 2025.

2026-01-28T07:53:04.480864+00:00 IST

Business

'Rs 5.5 lakh crore liquidity injection, yet markets stay tight'

Despite a record liquidity push by the Reserve Bank of India (RBI), transmission of monetary easing across financial markets remains uneven, according to SBI Research's latest Ecowrap report.

2026-01-28T07:48:03.024957+00:00 IST

Business

EU-India FTA offers sector-level gains despite limited near-term

The long-awaited India-EU Free Trade Agreement (FTA), will mark a major shift in global trade realignment amid rising protectionism, according to a Goldman Sachs report.

2026-01-28T07:47:37.759943+00:00 IST

Business

Iran unrest has no impact over India: Crisil Ratings

According to a recent credit alert from Crisil Ratings, the immediate impact remains muted due to India's limited direct trade exposure to the nation. However, the rating agency warned that a prolonged or escalating conflict could eventually pressure specific sectors, particularly those sensitive to fluctuations in global crude oil prices.

2026-01-28T07:38:04.510862+00:00 IST

Business

EU FTA a big win for India’s labor-intensive exports: Kotak repor

The conclusion of the India-European Union Free Trade Agreement (FTA) marked a significant boost for India's labour-intensive export sectors, with tariffs on most Indian goods entering the EU reduced or cut to zero.

2026-01-28T07:08:31.804838+00:00 IST

Business

India-EU FTA could increase bilateral trade by up to 65 per cent

A new analysis by the Kiel Institute for the World Economy shows that "deeper EU-India integration could boost bilateral trade by 41 to 65 per cent," significantly expand economic ties between the European Union and India at a time of rising global trade fragmentation.

2026-01-28T07:03:41.208531+00:00 IST

Business

India an ideal destination for increased Canadian energy exports

Canada's plan to increase energy exports to India makes sense, The Globe and Mail reported, citing analysts. India's massive population and rapid economic growth have boosted its demand for fossil fuels.

2026-01-28T06:50:24.680339+00:00 IST

Business

India-EU FTA set to reshape auto market while boosting beverages

In the automotive sector, the agreement is poised to redefine the top end of the passenger vehicle market. With proposed reductions in import duties on select European cars, global manufacturers are likely to reassess pricing strategies and product launches in India, particularly in the luxury and high-technology segments.

2026-01-28T06:31:58.725454+00:00 IST

Business

India-EU FTA emerges as game-changer for textile sector

The India-European Union Free Trade Agreement (FTA) has sparked strong optimism across India's textile sector, particularly in major manufacturing hubs such as Surat, where industry leaders view the pact as a long-awaited catalyst for modernisation, cost efficiency, and export-led growth.

2026-01-28T06:23:37.726577+00:00 IST

Business

Petronet LNG, ONGC sign 5-year regasification agreement for Dahej

Petronet LNG Limited (PLL) and Oil and Natural Gas Corporation (ONGC) Limited have entered into a Master Regasification Agreement (MRA) under which PLL shall provide LNG regasification services to ONGC at the Dahej terminal, thereby enabling them to supply regasified natural gas to meet the requirements of its downstream consumers.

2026-01-28T06:04:23.022640+00:00 IST

Business

This year is a real year of transformation for Air India: CEO Cam

This year is a real year of transformation for Air India, said Air India CEO Campbell Wilson, speaking to ANI at Wings India 2026. He highlighted that the airline is entering a pivotal phase with the introduction of its first Boeing 787-9 Dreamliner, specifically designed and built for the carrier. "So this year is a real year of transformation for Air India. We have the first of these line-fit 787 Dreamliners coming. We have three more coming this year, two more A350 1000s towards the end of the year," he said.

2026-01-28T05:31:56.142875+00:00 IST

Business

EU trade pact to unlock USD 23 trillion market for Indian MSMEs

According to Ranjeet Mehta, CEO and Secretary General of PHD Chamber of Commerce and Industry (PHDCCI), the agreement provides Indian industries with a gateway to a massive USD 23 trillion economy.

2026-01-28T04:29:54.100657+00:00 IST

Business

Markets open firm as India-EU FTA bolsters automotive sector outl

Indian equity markets opened on a firm note on Wednesday, with the automotive sector emerging as a primary focus following significant trade developments. At 9:17 am, the benchmark BSE Sensex stood at 82,308.96, gaining 451.48 points or 0.55 per cent, while the Nifty 50 reached 25,321.00, up 145.60 points or 0.58 per cent in early trade.

2026-01-28T04:28:25.190961+00:00 IST

Business

Potential for India to emerge as global hub for chemicals manufac

The finalisation of the India-European Union Free Trade Agreement (FTA) is expected to transform India into a global manufacturing hub for the chemicals sector, according to Union Minister of Commerce and Industry Piyush Goyal. The Minister highlighted that the strategic trade pact will unlock significant opportunities for domestic production and international supply chain integration.

2026-01-28T03:26:25.854137+00:00 IST