India Inc credit profile gets boost from steady demand

MUMBAI: India Inc’s credit profile improved in the first half of FY26,with rating upgrades continuing to outpace downgrades across agencies. The improvement in credit profile was driven by resilient domestic demand and govt-driven infrastructure spending, offsetting the drag from escalating US tariffs.Credit rating agencies—CareEdge, ICRA, Crisil, and India Ratings (Ind-Ra)—said credit quality remained robust, aided…

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RBI forms six-member payments regulatory board, includes 3 govt nominees; to oversee payment systems

The Reserve Bank of India (RBI) on Tuesday constituted a six-member Payments Regulatory Board (PRB) to supervise the functioning of payment systems across the country. The board is chaired by the RBI Governor and includes three nominees from the central government.The PRB replaces the earlier Board for Regulation and Supervision of Payment and Settlement System…

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US economy tracker: Consumer confidence falls in September; inflation and weak job market weigh

US consumer confidence fell sharply in September as Americans’ concerns over inflation and a weakening job market deepened, according to the Conference Board’s latest survey. The consumer confidence index dropped 3.6 points to 94.2, down from August’s 97.8, marking the lowest reading since April, when President Donald Trump implemented sweeping tariff policies.The index measuring Americans’…

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India-EFTA trade pact: Swiss wines, chocolates and apparel to get cheaper; Indian exports to get wider market access

The India-European Free Trade Association (EFTA) free trade agreement, coming into effect from Wednesday, will make several Swiss products, including wines, chocolates, apparel, and watches, cheaper in the Indian market.The agreement, signed in March 2024 under the Trade and Economic Partnership Agreement (TEPA), also opens greater market access for India’s labour-intensive exports such as tea,…

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Trade strategy: India pushes ‘self-reliance’ and ‘resilient supply chains’; Piyush Goyal warns against weaponisation

India is strengthening its focus on self-reliance and building resilient supply chains to safeguard the country against global disruptions and the weaponisation of trade, Commerce and Industry Minister Piyush Goyal said on Tuesday.Speaking at the curtain-raiser of the CII Partnership Summit to be held in November at Visakhapatnam, Goyal stressed that India’s approach rests on…

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