Balance of risks tilts decisively towards 25 bps rate hike: SBI report

IANS | October 2, 2026 9:16 AM

New Delhi, Oct 2 (IANS) The balance of risks has tilted decisively towards a 25-bps rate hike by the RBI at this juncture, as a combination of broadening inflationary pressures, worsening global macros, evolving liquidity conditions and a renewed global repricing of risks is making the case for pre-emptive action stronger, SBI Research said on Friday.

Gujarat: GSECL enters nuclear power sector, signs MoU with NPCIL for new project

IANS | October 1, 2026 11:30 PM

Gandhinagar, Oct 1 (IANS) Gujarat State Electricity Corporation Limited (GSECL) on Thursday signed a Memorandum of Understanding (MoU) with the Nuclear Power Corporation of India Limited (NPCIL) for the development of a new nuclear power project in the state, with the proposed project at Dhuvaran expected to have a capacity of around 4,000 MW and involve potential investment of nearly Rs one lakh crore.

5th Kautilya Economic Conclave to be held in Delhi from Oct 3 to 5

IANS | October 1, 2026 6:57 PM

New Delhi, Oct 1 (IANS) The 5th Kautilya Economic Conclave (KEC 2026) is scheduled to be held here from October 3 to 5 under the theme "Resilience in an Age of Flux", with the three-day gathering bringing together top policymakers, economists, academics, financial experts, and international thought leaders, including over 80 international participants from around 30 countries, the Finance Ministry announced on Thursday.

RBI issues compounding order for FEMA violations in case of BPTP Limited

IANS | October 1, 2026 5:46 PM

New Delhi, Oct 1 (IANS) The Reserve Bank of India (RBI) on Thursday said that it has compounded foreign exchange law violations by real estate developer BPTP Limited and two of its directors, Kabul Chawla and Sudhanshu Tripathi, after the company agreed to pay a total compounding amount of Rs 4.84 crore in connection with foreign direct investment (FDI) transactions dating back to 2007 and 2008.

CBI files second charge sheet in Reliance Home Finance case

IANS | October 1, 2026 5:21 PM

New Delhi, Oct 1 (IANS) The Central Bureau of Investigation (CBI) filed a second charge sheet in the Reliance Home Finance Ltd. (RHFL) case on Thursday before the Special Judge for CBI Cases, Mumbai, against 11 accused, including three top executives of the Anil Ambani-led Reliance ADA Group, according to an agency statement.

US sanctions Pakistani entities over alleged Iran links

IANS | October 1, 2026 5:02 PM

New Delhi, Oct 1 (IANS) The United States has imposed sanctions on 10 individuals and entities across several countries for allegedly helping procure weapons and military components for Iran's Ministry of Defence and Armed Forces Logistics (MODAFL), a report has said.