Economy News ( English version)

Codelco’s new chairman signaled a shift toward profitability over production volume at his first board meeting leading the Chilean state-owned copper giant.

IndiGo swung to a ₹2,393.6 crore loss in FY26, its first since FY23, as an 11% rupee depreciation inflated dollar-denominated lease costs. Weak demand, falling load factors, and rising fuel costs compounded the pain even as revenues grew modestly.

Asian Paints posted revenue and profit ahead of Street estimates in FY26, driven by cost efficiencies and price hikes. But the West Asia war, sticky input costs, and intense competition cloud the near-term demand outlook.

Sebi said Suzlon structured transactions between its subsidiaries in a manner that artificially inflated profits, net worth and investor perception, even though the dealings lacked genuine economic substance.

AvenuesAI Limited is planning a minority investment of up to 2.5% in Ratnaafin Capital, a scaled new-age NBFC as part of its strategy to build an AI-led embedded finance. Details here.

The rupee fell to a record low of 96.96 on May 20. The fall in reserves also comes amid revaluation in gold reserves. Gold reserves fell by $4.5 billion to $114.7 billion, while foreign currency assets decreased by $2.8 billion to $543 billion in the week.

A trade agreement between India and the US is expected soon. US Ambassador Sergio Gor described the India-US relationship as the defining partnership of the 21st century. Technology, strategic trust, and economic cooperation are driving this bond. A US team will visit next month to finalize details. The TRUST initiative strengthens collaboration in advanced […]

India and Canada have launched a trade and investment forum to boost commercial engagement and enhance connectivity. Commerce Minister Piyush Goyal's visit also saw discussions on an ambitious economic partnership agreement. Separately, Goyal met with US business leaders in New York to expand trade, investment, and innovation partnerships.

The government has lifted SIFTI restrictions on India Infrastructure Finance Company Ltd. This change grants IIFCL more flexibility in financing infrastructure projects across various sectors. The company anticipates stronger growth and wider participation. This policy shift allows for faster credit expansion through new lending products.

Companies can now invest up to ten percent of their Corporate Social Responsibility funds into special instruments. These instruments are called zero coupon zero principal instruments. They are issued by not-for-profit organizations. This investment will happen through a Social Stock Exchange. This move aims to simplify compliance for companies. It also help […]