Economy Correspondent, Peepals Business
Neha Kapoor
Neha Kapoor is a pen name of the Peepals Global Editorial Team, which researches, fact-checks and publishes every story. The portrait is an illustration. About the team · Editorial policy
65 recent articles on Peepals Business
Infosys results: profit up 6.2%, but FY27 growth outlook cut to 1-2%
Infosys reported Q2 FY27 profit of Rs 7,823 crore on October 23, 2026, up 6.2%, and cut its FY27 growth outlook to 1-2% even as AI revenue rose.
Rupee defence drains another $5 billion from RBI's dollar stockpile
India's foreign exchange reserves fell about $5 billion to about $721 billion in the week to October 16, RBI data released on October 23, 2026 show.
Odisha plans India's first Agri-PV policy, targets 1 GW by 2030
Odisha announced on 22 October 2026 a proposed Agri-PV policy targeting 1 GW of solar-over-crops capacity by 2030, with 90% of each site kept under cultivation.
UK debt tops £3 trillion as September borrowing hits £24.5 billion
UK borrowing was £24.5 billion in September 2026, £1.9 billion above forecast, and net debt passed £3 trillion for the first time, ONS data released on 21 October showed.
Public sector bank stake sale: Centre plans 75% cap in four banks
The Centre plans to cut its stake in Central Bank of India, UCO Bank, Punjab & Sind Bank and Indian Overseas Bank to 75% to meet Sebi's public shareholding rule, officials said on 23 October 2026.
Rivian buys UK start-up Third Dimension to simulate self-driving tests
Rivian has bought UK AI start-up Third Dimension, whose world models turn video into 3D scenes, to test self-driving software, reports said on October 22, 2026.
Japan's core inflation rises to 2.1% in September, highest this year
Japan's core inflation rose to 2.1% in September 2026 from 1.7%, data released on October 23 showed, topping the Bank of Japan's 2% target.
Turkey cuts key interest rate to 36%, first cut since January
Turkey's central bank cut its one-week repo rate to 36% from 37% on October 22, 2026, its first cut since January, as inflation fell below 30%.
Norway's sovereign wealth fund loses $30 billion as bond prices fall
Norway's $2.3 trillion sovereign wealth fund lost 278 billion kroner, about $29.7 billion, in July-September 2026 as rising rates cut bond values, it said on October 22.
Bank Indonesia holds rate at 5.75%, raises deposit rate to defend rupiah
Bank Indonesia kept its BI-Rate at 5.75% on October 21, 2026, but raised its deposit facility rate to 5.00% and cut banks' reserve requirements to steady the rupiah.
Bank of Korea holds rate at 3% after two hikes, signals more tightening
The Bank of Korea kept its base rate at 3.00% on October 22, 2026, pausing after hikes in July and August, with inflation at 2.9% and growth stronger than expected.
RBI rejects every bid at Rs 23,000 crore T-bill auction; yields climb
The RBI rejected every bid at its Rs 23,000 crore Treasury bill auction on October 21, 2026, despite ample demand, as the 10-year yield rose to about 7.44%.
RBI MPC minutes: two members dissent on tighter stance, cuts ruled out
RBI MPC minutes released October 21, 2026 show a unanimous vote to raise the repo rate to 5.50% but a 4-2 split on the tighter stance, with cuts unlikely soon.
Kenya raises farm-gate milk price to Ksh65 a litre, adds quarterly bonus
Kenya's President William Ruto said on October 20, 2026 that dairy farmers will be paid Ksh65 a litre from October, up from Ksh60, plus a Ksh2 a litre quarterly bonus.
Core sector growth rises to 7.9% in September, led by iron ore
Output of India's nine core industries grew 7.9% in September 2026, up from 5.9% in August, led by iron ore, electricity and coal, government data showed on October 21.
US pending home sales hit record low as mortgage rates near 7.4%
US pending home sales fell 7.3% in September 2026 to a record low of 66.0, NAR said on October 20, as 30-year mortgage rates rose to about 7.4%.
UK inflation rises to 3.5% in September as diesel costs hit four-year high
UK CPI inflation rose to 3.5% in September 2026 from 3.1% in August on higher fuel costs, the ONS said on October 21; core inflation rose to 2.8%.
Zoom launches Unified Context Layer to turn meetings into AI agent work
At Zoomtopia on October 20, 2026, Zoom unveiled a Unified Context Layer linking meetings, chats and apps for AI agents, and released ZoomMate Agent Teams.
Inflation for farm and rural workers rises above 6%, outpacing headline CPI
Inflation for agricultural labourers rose to 6.30% in September 2026 from 5.18% in August, above headline CPI of 5.54%, as food prices climbed.
Japan's September exports rise 16.7% on chip demand, miss forecasts
Japan's exports rose 16.7% year on year in September 2026, the 13th straight gain, led by a 49.4% jump in chips, but missed forecasts; the trade deficit narrowed to 536.6 billion yen.
PHP critical flaws: emergency patch due today, older servers left exposed
PHP's security team will patch two critical remote code execution flaws on October 21, 2026, at 14:00 UTC; servers on PHP 8.1 or older will not get an official fix.
RBI SAMVAD 2026: India stable, but AI and non-banks raise risks
At RBI's SAMVAD 2026 on October 20, 2026, officials called India's economy stable but flagged AI valuations, geopolitics and non-bank lending as rising risks.
Flutter to cut up to 1,400 UK, Ireland jobs over gambling tax
Paddy Power owner Flutter said on 20 October 2026 it will cut up to 1,400 UK and Ireland jobs, blaming higher UK gambling taxes.
Microsoft 365 E7 adds tools to treat AI agents as insider risks
Microsoft said on October 19, 2026 it is adding controls to Microsoft 365 E7 and Project Perception that score AI agents' risk and can limit, pause or shut them down.
Canada inflation rises to 3.1% in September on petrol prices
Statistics Canada said on October 19, 2026 that consumer prices rose 3.1% in September from a year earlier, driven by a 27.8% jump in petrol, ahead of an October 28 rate call.
UK's Healey rules out capital gains tax rise in October 28 Budget
UK Chancellor John Healey has ruled out raising capital gains tax in the October 28, 2026 Budget and will lean on a bank levy, reports said.
NPPA caps trade margins on 137 cancer drugs from November 9
NPPA capped trade margins on 137 anti-cancer drugs at 30% on October 17, 2026; prices may fall up to 70% from November 9.
Stellantis starts building Chinese partner Leapmotor's B10 electric SUV in Spain
Stellantis began series production of Leapmotor's B10 electric SUV at its Zaragoza plant in Spain on October 16, 2026, the first of several models planned there.
India-New Zealand FTA takes effect: zero duty on all Indian exports
The India-New Zealand free trade agreement takes effect on October 20, 2026, giving all Indian goods duty-free entry to New Zealand while India shields dairy and farm items.
Warsh gives no October rate-hike signal; Fed hike odds drop to 15%
Fed Chair Kevin Warsh declined on October 16, 2026 to signal an October rate hike; market odds fell to about 15% but a December rise is still priced.
Promise Robotics to make robot-built panels for 1,250+ D.R. Horton homes
Toronto's Promise Robotics signed a multi-year deal, reported October 14-17, 2026, to make robot-built panels for over 1,250 D.R. Horton homes from 2027.
Crude oil price today: Brent falls 2% to near $108 on Trump's Russia sanctions waiver
Brent crude fell about 2% to near $107.7 a barrel on October 19, 2026, as Trump's waiver of Russia sanctions raised hopes of more supply.
Khet Bachao Abhiyan from October 22: farm visits to push soil-test fertiliser use
The Centre's Khet Bachao Abhiyan runs from October 22 to November 30, 2026, sending scientists to farms to push balanced fertiliser use and end stubble burning.
China's GDP grows 4.5% in Q3, beating forecasts, as exports offset weak home demand
China's economy grew 4.5% in July-September 2026, beating the 4.4% forecast, on strong exports, but property investment fell 20.6% in January-September.
UP assembles 810 of 1,000 acres for Bundelkhand data centre and IT hub
Uttar Pradesh has gathered 810 of a planned 1,000 acres for a data centre and IT hub in Bundelkhand's BIDA township, officials said on October 16, 2026.
Uganda seeks new IMF loan programme, pledges to lift tax take to 20% of GDP
Uganda told the IMF on October 16, 2026 it is ready to start a new Extended Credit Facility and aims to raise its tax-to-GDP ratio from about 14% to 20%.
Sugar prices: Centre lets mills sell October output beyond quota before Diwali
With ex-mill sugar up about Rs 1,000 a quintal in ten days, the Centre on October 16, 2026 let mills sell October output in October or November, above quota.
Bank credit grows 19.4% to Rs 230 lakh crore by September end; rate hike to slow it
Bank credit rose 19.4% to about Rs 230 lakh crore by 30 September 2026, RBI data showed, lifted by FCNR deposits; the October rate hike is expected to slow growth.
US national debt above $40 trillion: IMF chief says growth alone cannot fix it
With US debt at about $40.3 trillion, IMF chief Kristalina Georgieva said on 14 October 2026 that growth cannot cut it fast enough; Treasury pushed back.
Tamil Nadu cooperative banks to hold camps for farm loans up to Rs 30 lakh
Tamil Nadu's Cooperative Department will hold weekly camps for long-term loans up to Rs 30 lakh for farm machinery, cold storage and livestock, it said on Oct 14, 2026.
Ralph Lauren ties executive bonuses to AI goals and drops its sustainability target
Ralph Lauren replaced a sustainability measure with AI literacy and enablement goals in its executive bonus plan, it was reported on October 15, 2026.
IMF tells UK to trim pensions and welfare, not lean on bank tax, before Oct 28 budget
The IMF said on October 15, 2026 that UK Chancellor John Healey should look at pensions and benefits, not a higher bank tax, to fix public finances in his October 28 budget.
CapitaLand unveils Rs 1,940 crore, 53 MW data centre in Chennai's Ambattur
CapitaLand unveiled its Rs 1,940 crore, 53 MW Chennai data centre in Ambattur on October 15, 2026; completion is targeted for the end of 2026.
RBI clears Emirates NBD's India branches to merge into RBL Bank from December 1
The RBI on October 16, 2026, approved merging Emirates NBD's Mumbai, Chennai and Gurugram branches into RBL Bank, effective December 1, 2026.
TCS launches Industrial Intelligence Foundry to take factory AI from pilots to scale
TCS launched its Industrial Intelligence Foundry on October 15, 2026, an AI offering for manufacturers that it says can cut new-product timelines 25% and lift productivity 20-25%.
Southwest monsoon exits India; northeast monsoon rains begin over the south, IMD says
IMD said on October 15, 2026 the southwest monsoon had withdrawn from all of India and northeast monsoon rain had begun over Tamil Nadu, Kerala, Andhra Pradesh and south Karnataka.
US producer prices jump 1.3% in September, most since 2022, as gasoline surges
US producer prices rose 1.3% in September 2026, the biggest monthly gain since March 2022, as gasoline jumped 20.3%; the annual rate hit 6.3%, BLS data released October 15 show.
India's forex reserves fall $8.58 billion to $726 billion in week to October 9
India's foreign exchange reserves fell $8.58 billion to $726.03 billion in the week ended October 9, 2026, RBI data released on October 16 showed: a second big weekly drop.
EPFO extends September PF return deadline to Oct 31 after Rs 25,000 wage ceiling
EPFO has moved the September 2026 ECR and PF payment deadline from October 15 to October 31 as employers adjust to the new Rs 25,000 wage ceiling.
REC Limited, PFC merger gets RBI no objection; shareholder votes next
RBI issued a conditional no objection certificate for REC's merger into PFC, REC said in a filing dated October 15, 2026; other approvals are still due.
Current account deficit narrows to $5.2 billion in August; BoP surplus hits $45.4 billion
RBI data on October 15 show India's August current account deficit fell to $5.2 billion and a record NRI deposit surge gave a $45.4 billion BoP surplus.
El Niño winter forecast: NOAA sees very strong event into 2027 as India's rabi begins
NOAA said on October 15, 2026 a strengthening El Niño will likely last through spring 2027, as Indian states battle drought and the Centre trims its rabi grain target.
Tech Mahindra Q2 profit jumps 33% to Rs 1,586 crore; board proposes 1:1 bonus issue
Tech Mahindra said on October 15, 2026 its Q2 net profit rose 32.7% to Rs 1,586 crore, deal wins hit $1.02 billion, and its board proposed a 1:1 bonus issue.
Fed's Williams sees one more US rate hike, none in 2027; what it means for India
New York Fed President John Williams said on 13 October 2026 one more rate hike may be appropriate this year but none is needed in 2027, unlike market bets.
India's exports jump 23% to $44.4 billion in September; trade deficit narrows
India's merchandise exports rose 23% to $44.40 billion in September 2026 and the trade deficit narrowed to $30.21 billion, data released on 15 October showed.
Honeywell launches Forge Cognition AI to run buildings with Nvidia and Dell
Honeywell launched Forge Cognition on 14 October 2026, an AI agent and digital twin platform for buildings built with Nvidia and Dell; humans stay in control.
Direct tax collections rise 13.21% to Rs 13.38 lakh crore as corporate tax jumps 20%
India's net direct tax collections rose 13.21% to about Rs 13.38 lakh crore up to October 14, 2026, led by corporate tax; refunds rose 24.22%.
Unseasonal rain soaks unlifted paddy in Tohana, Gohana grain markets
Rain on 15 October 2026 soaked paddy lying unlifted in Haryana grain markets from Tohana to Gohana, days after about 10,000 quintals got wet in Sonipat mandis.
IEA sees world oil demand falling 2.6 million barrels a day in 2026 on Iran war
The IEA's October report, reported on 14 October 2026, forecasts world oil demand to fall 2.6 million barrels a day this year, with diesel tight into late 2027.
China's factory prices jump 5% in September, fastest rise since 2022
China's producer prices rose 5.0% in September 2026, the fastest since June 2022, on oil and metal costs; consumer prices rose 0.9%, data showed on 14 October.
Tata Technologies share price slips 5% despite 28% revenue jump and $138 million deal
Tata Technologies shares fell about 5% on October 15, 2026 after Q2 FY27 earnings missed estimates, though revenue rose 28% to Rs 1,699 crore and it won a $138 million deal.
SolarWinds launches Avior AI agents for IT operations, with human sign-off
SolarWinds launched Avior on 14 October 2026, an agentic AI system that automates first-line IT operations with repeatable execution and human approvals.
India's trade deficit with China tops $105 billion in January-September 2026
India's trade deficit with China reached $105.93 billion in January-September 2026, up 20.7%, as imports rose to $125.19 billion, Chinese customs data released on 14 October show.
Latur plans water and fodder till next August as groundwater falls 4.58 metres
Drought-hit Latur in Maharashtra has ordered a contingency plan for drinking water and fodder until August 2027 after groundwater fell about 4.58 metres; 220 borewells and wells acquired.
Hyundai opens AI-enabled Pune plant, plans Rs 11,000 crore investment by 2030
Maharashtra CM Devendra Fadnavis opened Hyundai's Talegaon plant near Pune on 14 October 2026; Hyundai will invest up to Rs 11,000 crore and lift capacity to 3.2 lakh cars.