Economic Times5/10/2026BusinessIndia
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Developing·15m ago
India Notifies Procedure for UK FTA Automotive Duty Concessions
India has outlined the process for importers to obtain government approval for reduced duties on UK automotive imports under the new free trade agreement. The Comprehensive Economic and Trade Agreement (CETA) will significantly lower import duties, with specific quotas for passenger and goods vehicles.
Economic Times
Developing·16m ago
Nissan Open to New Manufacturing Partnerships in India Beyond Renault
Nissan Motor Co is exploring manufacturing partnerships with automakers other than Renault in India. The company is open to contract manufacturing opportunities to expand its presence in the growing Indian market, following the sale of its stake in the Chennai plant to Renault.
Economic Times
Developing·16m ago
Federal Reserve Establishes Five Task Forces for Operational Improvements
The Federal Reserve, led by Chair Kevin Warsh, has formed five task forces comprising economists and business leaders to propose operational changes. These groups will explore AI's impact on productivity and jobs, and evaluate the central bank's data sources, aiming to enhance analytical tools and policy strategies.
Economic Times
Developing·43m ago
India's Petrol Among World's Cheapest Due to Ethanol Blending: Petroleum Minister
India offers some of the world's cheapest petrol, with ethanol blending a key factor in keeping consumer prices low. This strategy reduces dependence on volatile global crude oil prices, as farmers' ethanol has fixed annual prices. The Middle East conflict has driven up international oil prices, impacting other nations.
Economic Times
Developing·1h ago
RBI Faces Challenge Unwinding Large Dollar Bets to Support Rupee
India's central bank is carefully unwinding its massive short dollar forward position, built to support the rupee. The challenge lies in managing the pace to avoid currency market destabilization, as forecasters predict continued pressure on the Indian currency.
Economic Times
Developing·43m ago
Apollo Micro Systems to Acquire Premier Explosives Stake for Rs 1,550 Crore
Apollo Micro Systems is acquiring a 41.33% stake in Premier Explosives for Rs 1,550 crore to bolster its defense and aerospace capabilities. The deal, expected to close by December 2026, includes a mandatory open offer to public shareholders and aims to strengthen India's indigenous defense manufacturing.
Economic Times