Economic Times5/7/2026BusinessIndia
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Developing·49m ago
India Rises to 11th in FDI Recipient Rankings, Inflows Surge 44% to $39 Billion
India climbed to 11th globally as an FDI recipient in 2025, with inflows up 44% to $39 billion. The country is favored for electronics, auto, and manufacturing investments, driven by its scale, digital demand, and skills. Outflows also rose, narrowing net inflows.
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Developing·1h ago
India Asks US to Reconsider Tariffs on Products Over Forced Labour Allegations
India has urged the US Trade Representative (USTR) to reconsider imposing a 12.5% additional tariff on Indian products, citing forced labour allegations. India argues the proposed tariffs lack legal standards, country-specific analysis, and a clear link to US business impact.
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Developing·5h ago
RBI's SMS alert rule change to cost banks Rs 300 crore
The Reserve Bank of India's directive to stop charging customers for SMS alerts could cost large lenders up to Rs 300 crore in lost fee income. While banks can now make alerts for low-value transactions optional, top private banks are expected to continue them for customer experience and fraud detection.
Economic Times
Developing·5h ago
Commerce Ministry Questions Smartphone PLI Scheme's Extension, Industry Cites Success
The commerce ministry questioned the smartphone PLI scheme's extension, but industry data shows production more than doubled, exports rose tenfold, and domestic value addition quadrupled, surpassing China's pace. The scheme met all objectives, offering lessons for future manufacturing growth.
Economic Times
Business·5h ago
Silvana Tenreyro Appointed New IMF Chief Economist
Silvana Tenreyro will become the International Monetary Fund's new chief economist starting August 10, 2026. She brings significant policy experience and academic credentials to the role, having previously served on the Bank of England's Monetary Policy Committee.
Economic Times
Developing·5h ago
ICAI Networking Guidelines Put on Hold Amidst Big 4 Lobbying
The Institute of Chartered Accountants of India's networking guidelines, which imposed strict compliance and penalties on local audit firms, have been put on hold. Influential Big 4 firms successfully lobbied the government against these rules, which also raised concerns with the Ministry of Corporate Affairs.
Economic Times