Economy

Centre weighs a downgrade clause in PSU Ratna status if state-run firms fail to perform for three years

Officials said the government is also weighing the potential flip side of such downgrades, including how a lower classification could affect a PSU’s market valuation, investor confidence and the ability to raise funds.

OpenAI’s computing deals top $1tn

Partners including Nvidia, AMD and Oracle have signed up to Sam Altman’s huge bet on the future of artificial intelligence

World Bank raises India’s FY26 growth forecast to 6.5% but fears tariffs hit on exports next year

The World Bank’s update adds to a string of upward revisions for India’s growth outlook this year—from the RBI, S&P, and OECD—reflecting optimism that domestic demand can cushion the economy against global headwinds in FY26.

Glimmer of festive cheer in early Q2 metrics of lenders, but risks remain

Deposit growth has decelerated in Q2 for banks.

OPINION | Trillions are stuck in disputes at commercial tribunals but reform agenda ignores it

Litigation amounting to nearly 7.5% of GDP is stuck at the level of tribunals, locking in capital. It’s not the stuff of headlines but it’s a big contributor to regulatory cholesterol. Reform attempts should not ignore blockages in the plumbing

Direct cash transfers effective in poverty alleviation, says J-PAL's Iqbal Singh Dhaliwal

Hardware is hard but software is harder — India has built the hardware. Now the country must focus on the software – the people, their skills, their health and education, the economist tells Moneycontrol

India, China should join hands to deal with Trump tariffs and AI threat, says Liqing Zhang, a leading professor of finance

Zhang added that China is strong in some areas such as EV and renewable power panels, pointing to the fact that India can consider importing more from China. On the other hand, Beijing too can benefit from New Delhi’s strengths.

Moneycontrol Pro Panorama | Fiat crisis

In Moneycontrol Pro Panorama October 6 edition: India missing out on the emerging markets party, can earnings season revive the market, Trump's pharma tariffs are a steep tax on innovation, and more

Impact of Trump tariffs is beginning to show in US consumer prices

Trade levies are starting to drive up costs for goods from cans of soup to car parts

Trump's pharma tariffs are a steep tax on innovation

Trump's 100% tariff on imported patented drugs threatens to crush emerging pharmaceutical innovators who can't afford billion-dollar US manufacturing plants

PFRDA says planning inflation-linked NPS products to protect retirees’ returns

NPS to offer same tax benefits to new inflation-protected payouts; 100% equity option already available

India’s services growth eases in September but holds strong, shows PMI data

The HSBC India Services Purchasing Managers’ Index (PMI) fell to 60.9 from a 15-year high of 62.9, clocked in August. Experts believe that services - particularly IT, financial, and digital segments - will play a key role in helping India realise its vision of becoming a developed economy by 2047.

Stablecoins are a risk, can create systemic volatility: AIIB chief economist Erik Berglof

Berglof says India joining CPTPP would be 'truly transformational'; calls for climate-linked lending and inclusive growth

India’s 8% growth hinges on private investment revival, says Michael Patra

Government’s capital expenditure has played its part and consumption now holds the key to sustaining growth, the former RBI deputy Governor tells Moneycontrol

The world needs India to do well: Andres Velasco, former finance minister of Chile

LSE dean says India’s democratic institutions and services-led growth can anchor global stability

India needs One Nation, One Rules and One Governance model for further growth: Kazuto Suzuki

Japanese economist says India should harmonise state-level rules and embrace multilateral trade to boost efficiency and investment

India joining CPTPP would be truly transformational: AIIB chief economist Erik Berglof

Membership could accelerate state reform, market integration, and inclusivity, says Berglof

Next round of talks on proposed trade pacts with Chile, Peru in October, November

The five-day talks with Chile will start on October 27 in Santiago, the three-day deliberations with Peru will begin on November 3 in Lima, an official said

India well placed to benefit from AI, could spur investment cycle

World Bank’s Franziska Ohnsorge says AI adoption already lifting services exports; trade deals may trigger manufacturing revival

Nirmala Sitharaman flags Rs 1.84 lakh crore in unclaimed financial assets with banks, regulators

Nirmala Sitharaman also explained that unclaimed funds are transferred between institutions depending on the nature of the asset, from banks to the RBI for deposits, and from SEBI to the IEPF for shares and other investments.

Moneycontrol Pro Weekender | Festive fumes

Festive spending surges with GST cuts and supportive RBI policies, but growth continues to be below aspirations

India's forex reserves drop by $2.3 billion to $700.2 billion

The gold reserves increased by $2.238 billion to $95.017 billion during the week, the central bank said

RBI grants self-regulatory body status to FIDC for non-bank lending sector

Self-regulatory organisations are expected to help develop industry standards and best practices, and ensure that members adhere to these

The Reading List: October 3, 2025

Our research and opinion teams have curated a selection of articles and social media gems from the world of economy, business and finance for your weekend read