Business

ICICI Bank, HSBC and RBL Bank emerged among the key beneficiaries of India’s latest FCNR(B) deposit drive, with aggressive pricing and overseas balance sheets helping banks capture significant inflows, according to brokerage reports from Macquarie, Jefferies and MOSL

The RBI will conduct a 30-day variable-rate reverse repo auction for Rs 7 lakh crore as surplus liquidity in India's banking system reaches record levels. The move follows strong foreign-currency inflows and aims to contain excess cash without disrupting financial markets

E-way bill generation rose 7.7 per cent year-on-year to 139.08 million in August, the third-highest monthly level on record. Despite a marginal monthly decline, elevated volumes indicate continued goods movement, formalisation and resilience in domestic economic activity and consumption

Real wages, per capita income, jobs, private investment, and consumption may offer a better measure of broad-based growth

The Reserve Bank of India (RBI) will conduct a 30-day Variable Rate Reverse Repo (VRRR) auction worth Rs 7 lakh crore on September 7, 2026, to absorb excess liquidity in the banking system, which currently stands at over Rs 10.32 lakh crore. Participants will have the option of premature reversal through the E-Kuber portal, while the RBI continues to step up liquidity absorption.

Reliance Jio has expanded its subscriber base in the Telangana–Andhra Pradesh telecom circle to 325.8 lakh in a decade since its 2016 launch, clocking a 39.9 percent CAGR. The operator transformed the market from data scarcity to digital abundance, slashing data costs by 97 percent.

Commerce Minister Piyush Goyal urged India and Belgium to collaborate on lab-grown diamonds, focusing on technology and certification. He also highlighted cooperation in semiconductors, green hydrogen, ports, defence and advanced manufacturing while discussing the India-EU FTA and global trade

The rupee rose 2 paise to close at 94.49 against the US dollar on Friday, extending gains for a sixth straight session. Foreign inflows and improved risk appetite supported the currency, while crude prices and US-Iran tensions capped gains

At HDFC Bank, the succession process assumes greater significance after managing director and chief executive Sashidhar Jagdishan opted out of the reappointment process last month

World Bank Executive Director Neelkanth Mishra said India need not worry about repaying FCNR(B) deposits at maturity, as they can be rolled over if global financing conditions remain tight. He described the deposits as relatively cheap capital and called India’s external debt position healthy

APSEZ has launched a dedicated Empty Container Yard with integrated warehousing at Mundra, offering storage, maintenance, inspection and movement services. The facility aims to improve container turnaround, reduce unnecessary movements and optimise logistics costs for exporters

India’s growing data-centre investments are projected to contribute 0.13 per cent to GDP by 2030, Moody’s Ratings said. The sector’s broader economic impact will depend on supplier localisation, cloud adoption, digital-services exports and ecosystem development

Nine US lawmakers held talks with an Indian American advocacy group on strengthening Washington-New Delhi ties, discussing trade, defence, China, the Quad and Indo-Pacific security. The meetings also covered supply-chain resilience, maritime security, space cooperation and diaspora engagement

The rupee gained 5 paise to 94.46 against the US dollar in early trade on Friday, supported by foreign inflows and risk appetite. Strong RBI intervention aided gains, while higher crude prices and US-Iran tensions limited further appreciation.

Indian equity markets rebounded sharply in early trade Friday after four consecutive sessions of losses, tracking gains across Asian markets. Sensex rose 531 points while Nifty advanced 78 points. Institutional buying, positive US cues and Asian rallies supported investor sentiment

The rupee gained 14 paise to close at 94.59 against the US dollar on Thursday, extending its winning streak to five sessions. Strong foreign currency deposit inflows and foreign institutional buying supported the currency, while crude prices capped gains

Indian equity benchmarks Sensex and Nifty rebounded in early trade after three sessions of losses, supported by gains in banking stocks, positive global cues and easing US bond yields. Record FCNR(B) inflows also boosted confidence in rupee stability and foreign investor sentiment

Crude oil futures extended gains for a sixth consecutive session, rising to Rs 8,592 per barrel amid renewed US-Iran hostilities. Fears of supply disruptions pushed global oil prices higher, with Brent crude nearing USD 97 per barrel in international markets

Gold futures declined for the seventh straight session, falling over 1 per cent on MCX amid escalating US-Iran military tensions. Rising oil prices heightened inflation and interest-rate concerns, while investors await US employment data for clues on the Federal Reserve’s monetary policy

India will require 1.32 million EV chargers by 2030, compared with 67,657 installed as of August 2026. While public charging stations have expanded rapidly, low utilisation and limited fast-charging infrastructure highlight significant opportunities for charge point operators as passenger EV adoption grows

Meta has launched Muse Voice Transcribe, its first real-time audio-perception model, supporting five major Indian languages and over 70 languages globally. The model offers streaming transcription, speaker diarisation, code-switching, adaptive delay and improved accuracy, powering Meta AI and Muse Code applications

Apple CEO John Ternus will receive a compensation package worth about $58 million in fiscal 2027, including a $55-million stock award, while outgoing CEO Tim Cook will get about $47 million as executive chairman after 15 years leading the company.

Commerce and Industry Minister Piyush Goyal said India could attract at least USD 200 billion in investments into the data centre sector. He also said data centres, artificial intelligence, semiconductors and manufacturing would drive India’s growth towards a USD 30 trillion economy by 2047

FSSAI’s front-of-pack warning labels for packaged foods are a welcome step, but they will be meaningful only if consumers understand what the labels signify