India has raised the windfall tax on petrol exports to ₹2.5 per litre while cutting the diesel export duty to ₹8.5 per litre, effective October 16.
Myntra Customer Base Grows 30% as Fashion Platform Bets on Premium, Beauty and Faster Delivery
Myntra’s customer base has grown 30% in 2026, while order volumes have risen more than 30% as the platform expands premium fashion, beauty and faster delivery.
Jio to Grow Revenue Through More Services, Not Just Tariff Hikes: Akash Ambani
Jio plans to grow revenue mainly by selling more digital and connectivity services rather than relying primarily on tariff hikes, Akash Ambani said.
India-US Trade Pact First Phase Finalised, Legal Drafting Underway
The first phase of the India-US trade pact has been finalised and is under legal drafting, with India seeking preferential market access and tariff stability.
Jio Plans Capex-Light 6G Rollout in Early 2030s
Jio expects to launch 6G commercially in the early 2030s using a largely software-upgrade-led rollout to keep capital expenditure low.
IRDAI Says Insurance Distribution Reforms Are Not Aimed at Job Losses
IRDAI Chairman Ajay Seth says proposed distribution reforms are intended to improve efficiency and transparency, not cause job losses.
Tonbo Imaging India IPO Subscribed Nearly 4 Times on Day One
Tonbo Imaging India’s ₹852.18 crore IPO was subscribed 3.99 times on the first day, with strong demand across investor categories.
Only 19 Sugar Mills in Maharashtra Begin Crushing as Farmer Protests Disrupt Season
Only 19 sugar mills in Maharashtra have started crushing, while Karnataka remains stalled as sugarcane farmer protests disrupt the new season.
India’s Current Account Deficit Narrows to $5.2 Billion in August
India’s current account deficit narrowed to $5.2 billion in August from $6.1 billion a year earlier, helped by a lower merchandise trade deficit and a higher surplus in services trade, according to preliminary RBI data. Mumbai, October 15 — India’s current account deficit (CAD) narrowed to $5.2 billion in August 2026, compared with $6.1 billion in the same month last year, supported by an improvement in the merchandise trade balance and stronger services surplus. The merchandise trade deficit declined to $26.6 billion from $27.6 billion a year earlier. Merchandise exports increased to $44.7 billion from $35.1 billion, while imports rose to $71.3 billion from $62.7 billion. India’s services trade surplus increased to $16.5 billion in August from $15.6 billion a year ago. Services exports rose to $35.5 billion, while imports increased to $18.9 billion. Net transfers, including remittances, also improved to $12.8 billion from $12.2 billion. However, the net deficit in the income account widened to $8 billion, compared with $6.3 billion in August 2025. For the April-August 2026 period, the current account deficit widened to $18.3 billion, from $12.8 billion during the corresponding period of the previous year. The merchandise trade deficit for the five-month period increased to $146 billion, compared with $124.7 billion a year earlier, while the services surplus rose to $85.8 billion from $79.9 billion. Net transfers during April-August also increased to $66.8 billion from $55.6 billion. On the capital account, net foreign direct investment inflows stood at $3.3 billion in August, compared with a net outflow of $0.1 billion a year earlier. Net foreign portfolio investment also turned positive, recording an inflow of $1.7 billion, compared with an outflow of $2.6 billion in August 2025. The overall balance of payments recorded a surplus of $45.4 billion in August, compared with a deficit of $5.6 billion a year ago. During April-August 2026, the overall balance of payments showed a surplus of $58 billion, against a deficit of $0.8 billion in the corresponding period last year.
Pernod Ricard India Sales Rise 19% as Premium Demand Stays Strong
Pernod Ricard India sales rose 19% in the September quarter as premium demand remained strong, while preparations for a possible India IPO continue.
