Economy

Bessent said the recent rise in US Treasury yields was in line with global trends and didn't warrant consternation, even as worries about persisting price pressures pushed some benchmark rates to their highest in more than two decades.

Goyal's US meetings with Target, Mondelez, Aon, Cognition, ADM and Nike covered India's manufacturing ecosystem, consumer market, AI capabilities and investment opportunities.

Here are key developments from the last week of September that kept the week buzzing for the global and domestic market.

Malhotra also flagged a new generation of systemic risks that are increasingly exogenous, cross-border and interconnected.

Iraq, Saudi Arabia and Kuwait sharply increased oil shipments to India in September as ship-to-ship transfers helped navigate Strait of Hormuz risks.

According to Sitharaman, a more resilient global economy will require countries to diversify partnerships, keep markets open, honour commitments, and work together to keep the movement of goods, services, energy and capital as stable and predictable as possible.

RBI Governor Sanjay Malhotra stated India promotes blockchain and tokenisation technology but remains cautious on cryptocurrencies due to concerns over monetary sovereignty and policy.

America's "exceptionally large" budget deficits and inexorably rising debt risks making it increasingly vulnerable to fickle investors, Scope Ratings warned.

UK diesel prices hit a record £2 per liter amid fears a US export ban could push prices to £3, potentially raising UK inflation near 5 percent and prompting Bank of England rate hikes.

Bihar recorded the sharpest wage rise among major states, at 16.7%, taking the average to Rs 1.63 lakh.

Greer said Modi and Trump had held a "constructive call yesterday morning" and that another conversation could follow soon.

Gerry Cardinale, founder of RedBird Capital, says the Paramount Skydance Warner Bros. merger will drive meaningful growth, not just cost-cutting, despite industry concerns.

Initial jobless claims fell by 1,000 to 197,000 in the week ended Sept. 26.

Government weighs lower tariffs on select pulses as uneven monsoon raises concerns over domestic supply and food inflation.

The Centre has cut sugar dealers' stock-holding limit to 15 days and 1,000 quintals from October 15, aiming to curb hoarding and ensure festive-season supplies.

At Rs 1.86 lakh crore, GEC-3 represents nearly an eight-fold increase over the combined capex of the previous two phases, reflecting India's accelerating transition towards a 500 GW non-fossil capacity target by 2030 and net-zero commitments.

GST collections in September rose 14.7% year-on-year (YoY) to Rs 2.04 lakh crore. Net GST revenue rose 18.1% to Rs 1.77 lakh crore, the government data showed.

The DEA report delivered a balanced assessment of the economy: while high-frequency domestic indicators reflect sustained dynamism, maintaining a high-growth trajectory will demand rigorous macroeconomic discipline and swift policy execution.

Jefferies estimates OMCs are currently making losses of around Rs 11 per litre on petrol and Rs 16 per litre on diesel based on 15-day average pricing, although the losses have narrowed from the levels seen in Q1FY27.

During Powell's tenure leading the central bank, the president repeatedly criticized him over monetary policy and used the Fed's headquarters renovation as a cudgel against him. Powell resisted Trump's efforts to push him out of office, including threats to fire him.