126 results for “Economy”
The Reserve Bank of India raised the repo rate by 25 basis points to 5.50% on 7 October 2026. The Monetary Policy Committee, chaired by Governor Sanjay Malhotra, voted unanimously to increase the policy rate from 5.25% and changed the stance from neutral to calibrated tightening.
Odisha launched India’s first dedicated digital portal for Meetings, Incentives, Conferences, and Exhibitions (MICE) incentives on 4 October 2026. The portal was inaugurated by Deputy Chief Minister and Tourism Minister Pravati Parida at the Odisha Travel Bazaar 2026.
The Securities and Exchange Board of India launched the “Samajh Se Investing Simple” investor awareness and education campaign under Project Jagrook on 5 October 2026 at Panjab University, Chandigarh. The launch coincided with World Investor Week 2026, which was observed from 5 October to 11 October.
The Union Cabinet approved a ₹10,000-crore commitment for the SME Growth Fund on 6 October 2026. The fund is meant to provide patient, growth-oriented equity capital to viable and scalable small and medium enterprises in India.
Sanjay Kumar, Director (Marketing) at GAIL (India) Ltd, has been appointed as the next Managing Director and Chief Executive Officer of Petronet LNG Ltd. His five-year term will begin on 13 May 2027 after the completion of the extended tenure of the current CEO, A K Singh, on 12 May 2027.
The Adani Group announced plans for investments exceeding Rs 6 lakh crore in Maharashtra on 2 October 2026. The announcement was made at the launch of Invest Maharashtra, the state’s investment promotion agency, by Pranav Adani, Managing Director (Agro, Oil & Gas) and Director of Adani Enterprises.
The Reserve Bank of India approved Anup Bagchi as the Managing Director and Chief Executive Officer of HDFC Bank on 1 October 2026. His three-year term will begin on 27 October 2026, after the completion of Sashidhar Jagdishan’s current term on 26 October 2026.
The Agricultural and Processed Food Products Export Development Authority (APEDA) facilitated the flag-off of a consignment of frozen food products from Sonipat in Haryana to Canada on 1 October 2026. The export was led by Aterna Foods Producer Company Limited, a Farmer Producer Organisation (FPO), and the shipment weighed 24 metric tonnes with 2,295 boxes of frozen food products.
The Agricultural and Processed Food Products Export Development Authority facilitated the export of a 1 metric tonne consignment of popped makhana from Purnea in Bihar to Greece on 2 October 2026. The shipment moved from Mundra Port in India to Piraeus Port in Greece through Indo Global Export, Belouri, Purnea, and S. S. Foods Exports Pvt. Ltd., New Delhi.
The Pension Fund Regulatory and Development Authority (PFRDA) set a target to add 2–3 crore new subscribers to the National Pension System (NPS) over the next two years. The announcement was made on 1 October 2026 by PFRDA Chairperson S. Ramann. The expansion plan is linked to the NPS Tatkal facility, which allows direct enrolment and contribution through Unified Payments Interface (UPI) applications.
Karnataka notified its Textile & Apparel Policy (4.0) 2026-31 on 30 September 2026 with a financial outlay of Rs 4,000 crore. The policy aims to attract Rs 20,000 crore in domestic and foreign investment and create 5 lakh jobs in the textile sector over five years.
Kotak Mahindra Bank Ltd received approval from the Reserve Bank of India on 1 October 2026 for the appointment of Anup Kumar Saha as Managing Director and Chief Executive Officer. His three-year tenure will begin on 1 January 2027, and he will succeed Ashok Vaswani, whose term ends on 31 December 2026.