BUSINESS
SBI cautions Trump’s tariff hike could shave 40–50 bps off US GDP, fuel inflation
The report indicates that the US economy can lose 40–50 basis points of GDP as a result of the new tariffs, along with struggling with an increase in input costs. "We believe that U.S. tariffs are likely to impact U.S. GDP by 40-50 bps as well as more elevated input cost inflation," the report pointed out.
India’s Advertising Market Expected to Hit 0.5% of GDP by 2029
Digital advertising presently contributes 50–60% of India's overall ad spend and is expected to expand at a 15% CAGR until 2029, to $17–$19 billion, Bain & Company underscored in its report.
India’s Mainboard IPO Funding Hits ₹15,200 Crore in August
Even with the robust fund-raising, the majority of listing gains were modest, indicating a prudent investor attitude. Whereas there is still interest in new issuances, analysts say investor hopes are subdued by worldwide problems and a cooling of the domestic market.
Nifty May Reach 27,609 Within 12 Months: Report
PL Capital's latest India strategy report cites a number of positive factors underlying this optimism, from low inflation and government tax reductions to a normal monsoon and recent rate cuts by the Reserve Bank of India, all combining to promote broad-based consumption growth.
Vodafone Idea Shares Plunge Following Govt’s Decision to Halt AGR Relief Talks
Vodafone Idea stock dropped 9.19%, further a year-to-date fall of over 16%. This came after Minister of State for Communications Pemmasani Chandra Sekhar reiterated that no further relief is on the anvil beyond what has so far been granted, as reported by several media outlets.
Simplified I-T forms in progress, new rules to be issued by December-end: Official
RN Parbat, Member (Legislation) of the Central Board of Direct Taxes (CBDT), told PTI that the department is also working on a new set of frequently asked questions (FAQs) along with standard operating procedure (SOPs), and guidance notes to enable stakeholders to adjust to the new framework.
India Records Highest Domestic Investor Inflows in a Year, Doubling FPI Outflows
A study by ICICI Securities pointed out that while Dalal Street witnessed recent market volatility, DIIs have jumped in to counter-buy during FPI offloading at levels above the ones registered during earlier episodes of market stress, such as the 2008 Global Financial Crisis and the 2022 offloading.
Fitch Maintains India’s ‘BBB-’ Rating with Stable Outlook, Sees Minimal Growth Impact from US Tariffs
"India's economic prospects are still robust compared with peers despite weakening momentum over the last two years," the agency said. "We project GDP growth at 6.5 per cent in the year to March 2026 (FY26), which is the same as FY25, and comfortably above the 'BBB' median of 2.5 per cent," Fitch said in a report issued on Monday.
Top 8 of 10 Most Valuable Companies Boost Market Cap by ₹1.72 Lakh Crore
During the same period, the BSE benchmark index climbed 709.19 points, or 0.87 per cent.
India to buy oil from wherever it gets 'best deal': Indian envoy to Russia
His statement comes just days before new 25 per cent tariff penalty of the Trump administration on Indian oil imports of Russia kicks in on Wednesday.
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