FISCAL YEAR FINANCIAL DATA 2026
Public sector banks told to take quantum leap in encryption for added security
Indian banks are preparing for a quantum computing future. The finance ministry has asked public sector banks to explore quantum-resistant encryption. This move aims to secure financial systems against future threats. Experts warn quantum computers could break current encryption. India's National Quantum Mission is also building a quantum communication network.
Capricorn ♑ Weekly Horoscope (20th April - 26th April 2026): Hard Work Brings Recognition & Financial Growth
Capricorn Weekly Horoscope (20th April 2026 to 26th April 2026): As per this capricorn weekly horoscope, Capricorn natives will find a harmonious balance between serious ambitions and creative joy. With the Sun transiting your fourth house in Aries, focus is firmly on home, family, and inner security. It is a vital period for strengthening your roots to reach higher professionally. As the Moon moves through key sectors, your ability to manage personal responsibilities and your public image will be your primary strength. Quiet work done now builds the foundation for future public recognition. Discover what Anand Sagar Pathak of Astropatri decodes in this capricorn horoscope this week, offering practical weekly astrology predictions for capricorn that strengthen patience, structure, and emotional maturity throughout this weekly horoscope phase.
India LPG consumption slides 13% amid West Asia conflict
India's LPG consumption plummeted by 13% in March due to West Asia conflict-induced supply disruptions. Despite government efforts to boost domestic production and meet household demand, commercial and bulk sales saw significant drops. However, overall LPG consumption for the fiscal year ending March 2026 still registered a 6% increase.
As Male faces stress, India weighs currency swap extension
India is reviewing the Maldives' plea for an extended currency swap facility. The island nation faces significant economic strain, compounded by regional conflicts. While India has previously offered substantial financial aid, current regulations present hurdles to fulfilling this latest request. A denial could further strain the Maldives' finances in the near future. Major debt repayments are also looming.
Cement demand to be healthy in Q1FY27E; Likely to hit profitability despite price hikes: Nuvama
Indian cement demand is set for a strong start in the first quarter of FY27. Government infrastructure spending is driving growth. However, rising fuel and packaging costs are a concern. Cement companies are increasing prices to offset these expenses. The sector's performance will depend on the balance between cement prices and production costs.
Social Security 2027 crisis update: $190B cuts, $50K benefit cap proposal—are wealthy retirees about to face payment limits now?
The Social Security proposal 2026 could reshape retirement payouts fast. New data shows up to $190 billion may be cut in ten years. The plan caps benefits at $50,000 for individuals and $100,000 for couples. It directly targets high-income retirees first. But the long-term impact goes wider. Fixed caps may pull middle earners into limits over time. Experts say this Social Security reform could close half the funding gap. Still, concerns remain about fairness, trust, and future retirement income stability across generations.
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RIL to announce Q4 earnings on April 24; board to consider final dividend
Reliance Industries will announce Q4FY26 earnings on April 24 as its board meets to approve results and consider final dividend for FY26 followed by an analyst meet to discuss performance and outlook
Banks' gross NPA's to stay range-bound at 2.0-2.2 per cent by March 2027 despite West Asia risks: Crisil
Indian banks are likely to keep asset quality under control over the next two years, with gross non-performing assets (NPAs) projected at 2.0-2.2 per cent by March 2027, only a shade higher than the estimated historic low of 2.0 per cent as of March 2026, according to ratingas agency Crisil Ratings. The resilience will be led by strong corporate balance sheets, even as the MSME segment faces pressure from the ongoing West Asia conflict.
West Bengal polls phase 1: Candidates report asset surge since 2021; BJP''s Adhikari shows decline
Candidates in the West Bengal Assembly polls are declaring significant asset increases. Jakir Hossain's wealth more than doubled to over Rs 133 crore. Sudip Kumar Mukherjee saw a 2,344 percent rise to Rs 11 crore. Krishna Kalyani's assets jumped by 247 percent to over Rs 20 crore. Manas Ranjan Bhunia also more than doubled his assets.
India's economy slipping to 6th rank, IMF data shows, prospects bright
India has slipped to the sixth largest economy in 2025 in nominal terms, according to the International Monetary Fund, but it remains the fastest-growing major economy. The IMF projects India’s growth at 6.5% in 2026, far ahead of the United Kingdom.
Labour-intensive sectors see steep fall in exports in March
The fiscal year 2026 brought a mixed bag for India's exports. On one hand, engineering goods, electronics, and pharmaceuticals excelled, driving growth. On the flip side, textiles and gems were hampered by market fluctuations. Disruptions in West Asia's trade routes complicated logistics, affecting shipments significantly. Interestingly, electronics imports surged, crossing the $100 billion threshold.
Wipro Q4 net profit dips 1.9% to Rs 3,502 crore, revenue rises 8%
Wipro reported a 1.6% decline in annual revenue in fiscal year 2026 in constant currency terms, in line with its larger rival, Tata Consultancy Services, as geopolitical uncertainties, AI-led disruptions and slow deal ramp-ups weigh on its performance
SpaceX IPO yet to come, but here’s how investors can cash in on Space right now
The SpaceX IPO 2026 is set to shake global markets with a projected $1 trillion valuation and up to $80 billion fundraising. Investor demand is rising fast. The space economy is no longer futuristic. It is active and expanding now. Reports from Morgan Stanley show rapid growth across space stocks and satellite businesses. Many companies already deliver strong returns. Investors are searching how to invest before SpaceX IPO 2026. Early opportunities exist across mining, chips, and satellite services. The space economy is scaling quickly and attracting serious capital worldwide.
Unstoppable surge: AMD hits all-time high in best run in nearly two decades - what's fueling the drive?
AMD stock is rising very fast and hitting new highs after many days of gains. Strong demand for AI chips and servers is helping the company grow. A big deal with Meta is also boosting future hopes. Many analysts are positive, but some say the stock price is already high. Investors are now waiting for upcoming earnings results.
Engineering exports hit record high in FY26; govt support, FTAs boost growth: EEPC’s Chadha
Indian engineering exports achieved a record $122.43 billion in FY25-26. This growth occurred despite geopolitical tensions and trade policy shifts. The sector demonstrated remarkable resilience and adaptability.
Bank credit grows 16% in FY26, faster than deposits rise
Bank credit saw a significant 16% rise, reaching ₹219 lakh crore. Deposits grew 13.4% to ₹267.8 lakh crore by March 31, 2026. Investments also increased by 4.7%. This year-end surge in deposits and credit is a common trend. In the last fortnight alone, banks gathered ₹12 lakh crore in deposits and lent ₹6.1 lakh crore.
India‘s textile and apparel exports degrow by -2.22% in FY 26: Govt Data
Indian textile and apparel exports saw a decline in fiscal year 26. Exports in March also registered a year-on-year drop. This comes after the US imposed high tariffs. Meanwhile, India's import of raw cotton increased significantly. This surge followed a period of eased import duties.
IMF cuts global growth outlook for 2026, warns of potential recession if Iran war worsens
The International Monetary Fund has cut its global growth outlook, warning the economy could near recession if the Middle East conflict keeps oil above $100. It now sees 3.1% growth in 2026, but this could drop to 2.5% or even 2.0% in a severe scenario, alongside rising inflation, with emerging markets hit hardest while India remains a relative bright spot.
Virgin Australia flags higher fuel costs amid the Mideast conflict
Virgin Australia anticipates a significant increase in fuel costs, projecting an additional A$30 million to A$40 million for the latter half of fiscal 2026 due to Middle East conflict-driven price volatility. Despite this, the airline maintains its full-year financial outlook, expecting stronger second-half earnings and improved revenue per available seat kilometre.
Auto sales hit record high in FY26 as tax cuts, rate easing drive demand
India’s automobile sales hit a record high in FY26, driven by tax cuts, lower interest rates and revised income tax slabs, according to Society of Indian Automobile Manufacturers. Sales rose across all segments, with passenger vehicles up 8% and exports jumping 24%. Industry leaders said demand remained strong despite global uncertainties, with growth expected to continue, though geopolitical risks and rising costs are being closely monitored.
Income Tax Dept tightens disclosure norms under presumptive taxation scheme
Starting from the assessment year 2026-27, a new mandate will compel taxpayers utilizing the presumptive taxation system to reveal their bank balances and investments. This initiative by the Income-Tax Department aims to curtail potential abuses of the scheme by allowing authorities to verify reported income against financial assets.
Assets monetisation in focus to bridge potential selloff gap
Amid market volatility linked to the Iran conflict and delays in the IDBI Bank sale, the government plans to accelerate asset monetisation to bridge potential revenue gaps. Stake sales in Life Insurance Corporation of India may also face headwinds, making monetisation a key fiscal lever this year.
IMF raises India FY27 GDP growth forecast to 6.5% even as the world stumbles through conflict
The International Monetary Fund (IMF) has slightly raised India’s growth forecast for FY27 to 6.5%, up 0.1 percentage point from its January estimate, and expects growth to hold steady at the same level in FY28, even as it flags rising geopolitical risks from the war in the Middle East.
IMF raises India's growth forecast to 6.5% for FY27
The International Monetary Fund has raised India's GDP growth forecast to 6.5 per cent for the current fiscal year. India is set to be the world's fastest-growing economy. Other global institutions also show optimism for India's economic performance. Projections indicate continued strong growth in the coming years.
7-Eleven to shut over 600 North American stores in 2026, prepares to shift towards food-focused formats
7-Eleven will close 645 North American stores by fiscal year 2026 as part of a strategic pivot to larger, food-focused locations. This move aims to modernize its retail footprint and compete with rivals offering enhanced dining experiences. The closures are part of a broader restructuring ahead of a planned IPO for its North American business.
Happy Puthandu 2026: 100+ wishes, images, quotes, greetings, WhatsApp Status, Facebook messages to share on Tamil New Year
Happy Puthandu 2026 Wishes, Image: Millions of Tamilians worldwide prepare to celebrate Puthandu, the Tamil New Year and it marks the first day of the year on the Tamil calendar. Puthandu signifies fresh beginnings, prosperity, and optimism for the coming year. We have curated 100+ wishes, images, quotes, greetings, WhatsApp Status, and Facebook messages that you can share with your loved ones today.
Social Security payments April 15 2026: How much will retirees receive and who qualifies for mid-month SSA deposits?
Social Security payments April 15 2026 will reach millions of retirees this Wednesday, with average monthly benefits near $2,076. This mid-month deposit is part of the Social Security Administration staggered schedule based on birth dates. Retirees born between the 11th and 20th will receive funds directly. A 2.8% COLA boost slightly lifts payouts, but Medicare deductions reduce net gains. Social Security payments April 15 2026 remain a key income source for seniors, helping cover rising food, rent, and healthcare costs across the United States in an inflation-pressured economy.
Prolonged war may hit Rs 75,000 crore dividend target
The ongoing turmoil in West Asia casts a shadow over India's revenue streams. Soaring commodity prices may squeeze the profitability of state-run enterprises, which could derail the anticipated ₹75,000 crore dividend. With petroleum sectors particularly at risk, the government is alert to fluctuations in the situation.
IRS tax refund 2026 crisis: Why millions of Americans owe the IRS despite bigger refunds and what to do before April 15
Over 62 million refunds are already issued in the IRS tax refund season. The average payout is about $3,521. That is over 11% higher than last year. Still, millions of Americans owe the IRS before April 15. This IRS tax refund trend shows a clear mismatch. Many workers changed W-4 settings. Gig workers missed estimated tax payments. New tax rules shifted credits and deductions. Some taxpayers overpaid. Others underpaid badly. The result is confusion and surprise tax bills. File your return on time. Pay what you can now. Set up an IRS payment plan fast.
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