INDIAN GOVERNMENT
CEA defends India's GDP data, says country does not use methodology changes to inflate growth numbers
Nageswaran responded to concerns raised by some economists over India's GDP estimates, stressing that GDP measurement is an estimate in every country and that India follows internationally accepted statistical practices.
ETMarkets Smart Talk | RBI's FPI reforms and index inclusion could unlock up to $25 billion in debt inflows: Dhawal Dalal of Edelweiss MF
In an interaction with Kshitij Anand of ETMarkets, Dhawal Dalal, President & CIO – Fixed Income at Edelweiss Mutual Fund, said the combination of regulatory easing and potential inclusion in widely tracked global bond indices could bring up to $20–25 billion in incremental debt inflows over the next 12–24 months.
PM Modi arrives in France for first leg of two-nation visit
Prime Minister Narendra Modi has arrived in France for important engagements. He will meet with President Emmanuel Macron and attend the G-7 Summit. The visit includes programs in Nice, Evian, and Paris. These events aim to strengthen India's friendships with key partners. Prime Minister Modi will also represent the aspirations of the Global South at the summit.
No shortage of energy in country, LPG, oil supply situation comfortable: Hardeep Singh Puri
Speaking with reporters in Ludhiana, Puri further asserted that, while fuel prices rose considerably in many countries, rates in India dropped by 3.1 per cent from May 2022 to May 2026.
India's stance on killing of 3 seafarers is strongest that can be, says Foreign Affairs Expert Robinder Sachdev
Foreign affairs expert Robinder Sachdev believes the killing of three Indian seafarers by US forces constitutes a war crime. He suggests families and MPs can seek compensation from the US government. Sachdev noted that CENTCOM admitted to firing missiles that caused the deaths.
11 Indian sailors convicted, ship fined $5.3 million for cocaine trafficking in Nigeria
A Nigerian court has convicted eleven Indian sailors for cocaine trafficking. Their merchant vessel was fined over five million US dollars. The sailors were arrested six months ago for allegedly importing a significant quantity of cocaine. The conviction sends a strong message against drug smuggling. Nigeria is no longer a safe route for illicit substances.
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ETMarkets Smart Talk| RBI's FPI reforms could attract $50-100 billion into Indian debt over time: Vikas Garg of Invesco MF
RBI’s easing of foreign investment norms for government securities could attract substantial long-term capital inflows into India’s debt market, according to Invesco Mutual Fund. The reforms may deepen bond markets, support the rupee, improve liquidity and strengthen macroeconomic stability.
DLI-backed chip companies call for government procurement support
Indian semiconductor startups are urging the government for stronger market access and intellectual property protection. They highlight the need for procurement support to foster growth and maintain domestic ownership. Existing schemes have boosted design capabilities, but incentives for electronics makers to adopt Indian chips are lacking. Founders emphasize that capital availability, not just nationalism, drives ownership decisions.
Government scraps licensing rule for vehicle safety technology
India has taken a bold step by deregulating key radio frequencies, paving the way for innovative advancements in self-driving and collision-avoidance technologies in vehicles. Car manufacturers are now empowered to integrate cutting-edge global safety technologies, significantly enhancing road safety. Additionally, a novel framework is on the horizon for vehicle communication, designed to optimize traffic management and smarter transportation systems.
‘Totally unacceptable’: Trump condemns Iran 'drone attack on Indian ships
President Trump condemned Iran for an alleged drone attack on Indian ships in the Strait of Hormuz, labeling the incident "totally unacceptable." He also criticized Iran's communication regarding a separate deal, calling them "dishonorable people" who do not deal in good faith. Trump urged Iran to "get their act together, and FAST!"
Iran criticises US attacks on vessels with Indian crew
Three vessels with Indian crew came under attack off the Oman coast this week. One of them resulted in the death of three Indian seafarers on Wednesday.
India bonds rise as oil slumps on Iran peace deal hope
Indian government bonds saw a significant rise on Friday. This surge was driven by a sharp decline in crude oil prices. Hopes of a breakthrough with Iran boosted sentiment. However, domestic fiscal worries capped the gains. The benchmark 2036 note yield fell to its lowest since issuance. Investors are watching the Reserve Bank of India's measures to attract foreign investment.
India bonds surge as oil nears 8-week low on US-Iran deal hopes
Indian government bonds rallied early Friday as oil prices plunged, with Brent crude futures easing nearly 2% to $88.66 per barrel. This decline, driven by hopes of a U.S.-Iran peace deal, boosted demand ahead of a significant debt auction. The benchmark 10-year U.S. Treasury yield also eased, contributing to the positive sentiment for Indian debt.
VC contract terms get tougher on founder shares after governance lapses
Venture capital firms are tightening founder contracts, with nearly 76% of Indian startups now allowing the forfeiture of vested shares for misconduct. This "Nuclear Option" aims to deter financial irregularities and governance issues, a trend amplified by recent high-profile startup disputes. Founders are now negotiating for stricter definitions of "cause" and fair value for any clawed-back shares.
Indian govt on "highest alert", orders agencies to stay vigilant after strikes on ships in the Gulf
US-Iran war: India has directed its agencies to be on high alert. This is in response to recent attacks on Indian-crewed tankers. The government is working with various bodies to support Indian seafarers. Preparations are underway to handle any situation affecting Indian maritime interests. This proactive measure ensures the safety of Indian sailors and national assets at sea.
India bonds end higher as oil eases; focus shifts to debt sale, inflation
Thursday marked a positive performance for Indian government bonds, buoyed by falling oil prices that alleviated fears tied to the U.S.-Iran crisis. The Reserve Bank of India took decisive action to lure foreign investors and stabilize the rupee, creating a favorable atmosphere for bond trading. Investors are looking ahead to Friday's bond auction and inflation data, with expectations running high.
India bond demand wanes as US-Iran tensions lift oil
Indian government bonds saw reduced demand on Thursday. Renewed U.S.-Iran strikes pushed oil prices higher. This development raises concerns about India's economy, the world's third-largest oil importer. Foreign banks sold Indian bonds, marking a significant outflow. Economists predict mounting costs if the conflict persists. Inflation is expected to average 5.1% with growth slipping to 6.6%.
12 years, economic growth and a 'new dawn': PM Modi hails NDA's journey, sets agenda for India's next phase
Prime Minister Modi highlighted the NDA's 12-year governance record, emphasizing political stability and development achievements. He contrasted this with previous Congress rule, crediting the coalition for navigating challenges like the pandemic and global economic uncertainty. Modi described his long tenure as a collective NDA achievement, not a personal one, and a spiritual practice of serving the people.
Short-end Indian debt gains as RBI dollar measures spur buying
Short-term Indian government bond yields have dropped to their lowest in three months. This move steepens the yield curve significantly. Expectations are high that banks will invest funds from the RBI's dollar inflow measures into this segment. The Reserve Bank of India's steps to attract foreign currency deposits are expected to lower funding costs for banks.
India's bond tax exemptions set to boost foreign debt inflows and global index inclusion bid
India is turning heads in the financial world by scrapping taxes on foreign investments in government bonds. This groundbreaking change aims to attract a significant amount of overseas capital while simplifying the way foreign investors navigate its debt market. As India gears up for potential entry into major global indexes, there’s a tangible increase in interest from abroad.
Indian 10-year bond yield down 0.10 pc on tax relief-driven FPI buying
In a notable shift, Indian government bond yields have plummeted, primarily fueled by a wave of foreign investment flooding the market. Recent tax reliefs on debt investments have acted as a magnet, pulling in global funds.
Telangana government assures full support to families of Jagtial men killed in Dubai accident
Telangana Minister Ponnam Prabhakar expressed grief over the deaths of three Jagtial district residents in a fatal road accident in Dubai. A minibus carrying Indian workers collided with a truck, resulting in seven fatalities and nine injuries. The Consulate General of India in Dubai is coordinating relief efforts and providing assistance to the injured and grieving families.
In active talks with Indian govt, received encouraging feedback: Starlink
Starlink is actively discussing its satellite services with the Indian government. The company has received positive feedback on its potential to boost connectivity, especially in remote areas. Starlink is committed to India and is working with the government to bring its services soon. The company has established a special deployment model for India to meet regulatory and security requirements.
Indian bonds draw buyers on RBI measures, softer oil
Indian government bonds saw renewed buying on Tuesday. Lower oil prices and Reserve Bank of India measures to attract dollar inflows improved sentiment. The benchmark bond yield fell. The RBI's recent policy decision focused on attracting foreign debt inflows. These measures are expected to bring significant inflows. India posted a current account surplus in the last quarter.
'Domestic cos got lower subsidies than Chinese peers, on par with North America'
Indian firms receive far less government support than Chinese companies. An OECD report highlights this disparity between 2005 and 2024. Indian companies borrow at market rates, unlike China's below-benchmark loans. Key sectors like solar PV and semiconductors show concentrated subsidies in China. This data offers a clear comparison of global industrial support.
Indian economy, government finances, see mounting costs from Iran war
India's economy, once humming with benign inflation and steady growth, now faces mounting costs from the Iran war. As a major oil importer, disruptions to supply and elevated prices are impacting growth, inflation, and government finances. The central bank's ability to manage these shocks is increasingly difficult.
India eyes major bond index entry as tax exemptions sweeten appeal
India is set to reapply for inclusion in major global bond indices. This follows significant tax exemptions for foreign investors on capital gains and withholding taxes. The country has also expanded its long-dated securities pool. Officials are engaging with global index operators and the Bank for International Settlements. These moves aim to attract substantial foreign investment into Indian government bonds.
Singapore blocks social media posts attacking Indian community
Singapore has ordered social media platforms to block 14 posts, likely from China, that targeted the Indian community and undermined the nation's multiculturalism. The government stated these foreign-originated videos attacked Singapore's multiracial society, aiming to divide people by race, which is unacceptable and a threat to social cohesion.
Capital gains relief for FPIs on G-secs a 'very helpful measure', but bond yields may not go down soon: Rama Mohan Rao Amara, SBI
State Bank of India Managing Director Rama Mohan Rao Amara welcomes the government's move to exempt foreign investors from capital gains tax on Indian government securities. This decision aims to attract foreign capital when emerging markets face global pressure. Amara believes this will encourage foreign portfolio investors to reconsider Indian debt.
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