Economy News

RBI auto-debit rules explained: What new changes mean for your UPI and card payments from May 2026

The RBI's updated auto-debit (e-mandate) rules aim to make recurring payments smoother while strengthening user control and security. From UPI to cards, here's how the new framework changes OTP limits, alerts, and payment flexibility.

May 2, 2026

Rupee Slips 11 Paise To 94.27 Against Dollar On US Currency Demand & Rising Oil Prices

98.47 pc of Rs 2,000 notes returned since withdrawal announcement: RBI

(RBI) has said that 98.47% of ₹2,000 notes in circulation have been returned since their withdrawal was announced on May 19, 2023. The total value has dropped sharply from ₹3.56 lakh crore to ₹5,451 crore as of April 30, 2026.

May 1, 2026

GST collections hit all-time high of nearly Rs 2.43 lakh crore in April

India's GST collections hit a record high of Rs 2.43 lakh crore in April, marking an 8.7% year-on-year growth despite global uncertainties. Net revenue stood at Rs 2.10 lakh crore after a rise in refunds. The surge was driven largely by strong import revenues, while domestic growth remained moderate.

May 1, 2026

ATF prices for foreign airlines rise 5 pc for 2nd month, stays unchanged for domestic carriers

(ATF) prices for foreign airlines have been increased by around 5% for the second consecutive month, driven by rising global energy prices. In Delhi, benchmark ATF rates for international carriers rose to $1,511.86 per kilolitre.

May 1, 2026

Rupee slips past 95 against US dollar amid crude spike

The currency touched an all-time low of 95.07 and slipped further to around 95.20 during the session. The fall was also influenced by hawkish signals from the US Federal Reserve, which supported the dollar and pushed US bond yields higher, despite keeping interest rates unchanged.

Apr 30, 2026

Bengaluru emerges as India's top GCC leadership hub with over 15,000 active leaders

Bengaluru has emerged as India's top Global Capability Centre (GCC) leadership hub with over 15,000 active leaders, according to a Xpheno Research report. The city shows strong leadership density, high retention, and positive talent movement, making it a preferred destination for global enterprises.

Apr 29, 2026

Rupee weakens to 94.81 against dollar as crude oil stays above $111

rupee weakened by 13 paise to 94.81 against the US dollar, pressured by rising global crude oil prices above 111 dollars per barrel and ongoing US-Iran tensions. Month-end dollar demand and safe-haven buying further weighed on the local currency. The dollar index rose marginally to 98.67.

Apr 29, 2026

AI Needs Energy: Adani Commits $100 Billion as Google Joins with $15 Billion Investment

Jeet Adani announced that the Adani Group will invest $100 billion to build large-scale infrastructure to support India's AI growth, emphasising that affordable and scalable AI depends on strong energy and digital systems.

Apr 29, 2026

UAE exits OPEC and OPEC+ from May 1, amid strategic energy realignment plans

United Arab Emirates announced it will leave OPEC effective May 1, state-run WAM reported. The decision reflects its long-term strategic and economic vision, evolving energy profile and accelerated domestic energy investment, and commitment to a responsible global energy role.

Apr 28, 2026

Adani Total Gas stock surges over 7.5% after posting 9% increase in Q4 profit

While the market indices remained muted on Tuesday, the stock of Adani Total Gas surged over 7.5 percent on the bourses, a day after reporting strong financials in the fourth quarter of the last financial year.

Apr 28, 2026

Goldman Sachs raises crude oil forecast up to $90 as Hormuz closure tightens supply

The closure has sharply reduced global oil supply, leading to record inventory drawdowns and an estimated multi-million barrel per day supply loss. The market is now facing a significant oil deficit and pushing Brent prices above $100 in recent trading, with WTI also surging.

Apr 27, 2026

India's combined tax-to-GDP ratio has risen to 19.6 per cent, reflecting improved tax compliance and stronger participation by states, according to a Bank of Baroda report. While central tax revenue remains lower, ongoing reforms focused on simplificatio

India's economic reset: An imperative as numbers begin to speak

India's strong growth hides structural issues like weak job creation and low productivity. With growth turning capital-intensive, reforms and investment in jobs and human capital are crucial for sustainable progress.

Apr 27, 2026

Rupee strengthens 28 paise to 92.86 on geopolitical easing, FIIs infuse equities worth ₹382 crore

Rupee falls to 93.75 against dollar amid oil surge, West Asia tensions

The Indian rupee fell 31 paise to 93.75 against the US dollar on Wednesday, marking its third consecutive session of losses. This decline is driven by rising crude prices following President Trump's military threats against Iran and sustained foreign capital outflows.

Apr 22, 2026

Crude oil prices jump up to 4 pc on Hormuz tensions, ceasefire doubts

Crude oil prices near $100 again as Strait of Hormuz remains constrained

Global crude oil prices climbed close to $100 per barrel as geopolitical tensions persisted following Donald Trump's decision to extend the US-Iran ceasefire. The Strait of Hormuz remained constrained due to an ongoing naval blockade, limiting shipping activity and raising concerns over global energy supply.

Apr 22, 2026

Sensex, Nifty open on weak note amid US-Iran ceasefire extension

Sensex declined as much as 0.62 per cent, or about 500 points, to 78,779, while Nifty traded at 24,434, down 142.2 points or 0.57 per cent, amid selling pressure in IT, banking, pharma and healthcare stocks such as Max Healthcare, ICICI Bank, Axis Bank, HCL Tech and Apollo Hospitals.

Apr 22, 2026

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Economy News

RBI auto-debit rules explained: What new changes mean for your UPI and card payments from May 2026

98.47 pc of Rs 2,000 notes returned since withdrawal announcement: RBI

GST collections hit all-time high of nearly Rs 2.43 lakh crore in April

ATF prices for foreign airlines rise 5 pc for 2nd month, stays unchanged for domestic carriers

Rupee slips past 95 against US dollar amid crude spike

Bengaluru emerges as India's top GCC leadership hub with over 15,000 active leaders

Rupee weakens to 94.81 against dollar as crude oil stays above $111

AI Needs Energy: Adani Commits $100 Billion as Google Joins with $15 Billion Investment

UAE exits OPEC and OPEC+ from May 1, amid strategic energy realignment plans

Adani Total Gas stock surges over 7.5% after posting 9% increase in Q4 profit

Goldman Sachs raises crude oil forecast up to $90 as Hormuz closure tightens supply

India's economic reset: An imperative as numbers begin to speak

Rupee falls to 93.75 against dollar amid oil surge, West Asia tensions

Crude oil prices near $100 again as Strait of Hormuz remains constrained

Sensex, Nifty open on weak note amid US-Iran ceasefire extension

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