Global rating agency Fitch has revised India's growth outlook for the fiscal year ending March 2026 to 6.9 per cent from its earlier projection of 6.5% in June Global Economic Outlook (GEO).
Ahmedabad (Gujarat) [India], September 9: Industrial solutions startup Magma has crossed the INR 500 crore mark in its order book for the current financial year FY26, highlighting strong demand for its suite of offerings across speciality raw materials, waste management, green energy, biomat
Production of crude steel by Jindal Steel is expected to be around 12 million tonnes in the 2025-26 financial year, mainly due to a new blast furnace the company is commissioning shortly. The company's crude steel output was 8.1 million tonnes during the same period last year.
The outlook for the Indian apparel export industry has been revised to Negative from Stable by rating agency ICRA, following the upward revision in tariff rates by the US.
The tax revenue foregone due to GST rate cuts will eventually push India's fiscal deficit above the government's target of 4.4 per cent of GDP in FY26, unless the gap is absorbed by slowing down capital expenditure intensity, according to a report by JM Financial.
The revenue loss of the central government due to the recent GST rate reduction will be around Rs 3,700 crore in FY26, as higher growth and a boost in consumption have reduced the impact on revenues, according to a report by the State Bank of India (SBI).
The Centre's decision to rationalise GST rates to two slabs - 5% and 18%, applicable from September 22, 2025, is expected to boost the country's GDP by 0.2-0.3% in the financial year 2025-26, according to Bank of Baroda economist Sonal Badhan.
Mumbai (Maharashtra) [India], September 3: Cupid Limited, (BSE - 530843, NSE - CUPID), - Cupid Limited, announced that its current B2B export order book is at $11.50 Million US Dollars, which is equivalent to ₹100 Cr plus, across three of its key products: Male condoms, Female condoms and Lu
India's current account deficit (CAD) is expected to almost double in the current financial year FY26 to 1.2 per cent of gross domestic product (GDP), compared with 0.6 per cent in FY25, amid rising trade and geopolitical tensions, according to a report by Union Bank of India.
The remittances in the country rose to USD 33.2 billion in the first quarter of the current financial year, from USD 28.6 billion recorded last year during the same time period, according to a report by Crisil.