Business News: Economy & Markets

FM Sitharaman accuses Oppn of hypocrisy over banking sector, defends NDA reforms

IANS | October 15, 2026 12:01 AM

New Delhi, Oct 15 (IANS) Union Finance Minister Nirmala Sitharaman on Wednesday strongly criticised Samajwadi Party leader Akhilesh Yadav over his remarks on the banking sector, accusing him and his party of selective concern after having supported the previous United Progressive Alliance (UPA) government that, she said, left public sector banks in a precarious condition.

India, Brunei Darussalam agree to expand bilateral trade

IANS | October 14, 2026 9:42 PM

New Delhi, Oct 14 (IANS) India and Brunei Darussalam on Wednesday agreed to expand bilateral trade, including the exports of agricultural goods and pharmaceutical products from India.

Jio Platforms files RHP for IPO, issue to open on Oct 21

IANS | October 14, 2026 7:32 PM

Mumbai, Oct 14 (IANS) Jio Platforms Limited (JPL), a subsidiary of Reliance Industries Limited (RIL), on Wednesday filed its Red Herring Prospectus (RHP) with the Registrar of Companies, Gujarat, marking a key step towards its much-awaited initial public offering (IPO), which is scheduled to open for subscription on October 21.

Pakistan to lead new developing‑country debt platform despite being heavy debtor

IANS | October 14, 2026 7:04 PM

New Delhi, Oct 14 (IANS) Pakistan gained spotlight on debt management and economic reform after it was chosen to lead a newly formed platform of developing‑country borrowers, even as the country continues to rely on international financial assistance.

UPI MDR deferral reflects govt's sensitivity to traders' concerns: Delhi market bodies

IANS | October 14, 2026 6:45 PM

New Delhi, Oct 14 (IANS) The Centre's decision to extend the deadline for implementing Merchant Discount Rate (MDR) on UPI transactions beyond October 15 has brought relief to traders ahead of the festive season, with several Delhi-based market associations welcoming the move and urging the government to permanently scrap the proposed levy.

China’s ICBC lends to African borrowers despite findings of corruption: Report

IANS | October 14, 2026 6:28 PM

New Delhi, Oct 14 (IANS) China’s Industrial and Commercial Bank of China (ICBC) lent hundreds of millions of dollars to high-risk borrowers in Africa for projects despite internal warnings about corruption and weak compliance, a new report has said.

Institutional real estate in India draws $85.5 bn since 2011 as capital shifts to income‑generating assets

IANS | October 14, 2026 6:18 PM

New Delhi, Oct 14 (IANS) India’s institutional real estate market has attracted over $85.5 billion in institutional investments between 2011 and the first three quarters of 2026, a report said on Wednesday.

'Pakistan’s military leadership driving country into deeper economic crisis'

IANS | October 14, 2026 5:44 PM

New Delhi, Oct 14 (IANS) The World Bank's October 2026 regional update highlights that roughly 48 per cent of all people living below the $3 a day poverty line across the Middle East, North Africa, Afghanistan, and Pakistan (MENAAP) region are Pakistani, while the remaining 47 per cent are in Afghanistan, Syria, and Yemen.

Govt approves India’s accession to SIOFA to boost presence in High Seas fisheries

IANS | October 14, 2026 5:41 PM

New Delhi, Oct 14 (IANS) In a bid to strengthen India’s presence in High Seas fisheries and enhance participation in global fisheries governance, the government on Wednesday said it has approved India’s accession to the Southern Indian Ocean Fisheries Agreement (SIOFA).

Mecca Pact: Why Pakistan can’t fund a long war amid faltering economy

IANS | October 14, 2026 5:02 PM

New Delhi, Oct 14 (IANS) Pakistan, which signed the Mecca Joint Defence Agreement (called the Mecca Pact) with Saudi Arabia and Turkey, is facing a dilemma as the Mecca Pact has not failed; it was announced before it was built, according to a report.

Business

FM Sitharaman accuses Oppn of hypocrisy over banking sector, defends NDA reforms

India, Brunei Darussalam agree to expand bilateral trade

Jio Platforms files RHP for IPO, issue to open on Oct 21

Pakistan to lead new developing‑country debt platform despite being heavy debtor

UPI MDR deferral reflects govt's sensitivity to traders' concerns: Delhi market bodies

China’s ICBC lends to African borrowers despite findings of corruption: Report

Institutional real estate in India draws $85.5 bn since 2011 as capital shifts to income‑generating assets

'Pakistan’s military leadership driving country into deeper economic crisis'

Govt approves India’s accession to SIOFA to boost presence in High Seas fisheries

Mecca Pact: Why Pakistan can’t fund a long war amid faltering economy

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