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A dense spread of Indian 100 rupee notes bearing the Reserve Bank of India name, seen from above

Business

India's Debt Ratio Is Falling Only Because Growth Is Outrunning the Interest Bill

India is projected to cut its debt from 84.3% to 75.1% of GDP, the only large emerging economy on that path. The budget deficit barely shrinks. One gap between growth and interest rates does almost all the work, and this month's oil and rate shocks sit right on it.

October 29, 2026

A person's hands holding a pink calculator over a spread of paper receipts and invoices on a desk

Business

India's GST Refund Backlog Was Already Almost Gone Before the 90 Percent Advance

GST refund claims pending over 90 days fell from 1,592 to 110 in two years, so the new 90 percent advance fixes a backlog that is mostly cleared. The rule that will change behaviour from 1 November is the one on post-sale discounts.

October 28, 2026

A pharmacist in a white coat and dark turban reads a medicine bottle in front of shelves stacked with boxed and bottled medicines

Health

India Caps How Fast Most Medicine Prices Rise, Not Where They Start

The Supreme Court has reserved its order on why most medicines sit outside India's price control regime. For about four fifths of sales by value, the law limits yearly increases and leaves the starting price to the manufacturer.

October 28, 2026

Skyscrapers and cranes on the Mumbai skyline seen through trees in soft evening light

Markets

Jio's 27 Percent Debut Gain Says Little About What Holders Will Earn

Jio closed its first session about 27 percent above its issue price, behind only LG Electronics India and Coal India among the giants. The earlier mega-issues show how little that number has told holders about what came next.

October 28, 2026

A container ship stacked with red and orange containers beside a blue quayside gantry crane under a cloudy sky

Business

India's New Container Scheme Targets Under an Eighth of China's Output

The Cabinet cleared Rs 10,000 crore to build containers at home. The 7.5 lakh TEU target equals 11.6 percent of what China built in 2025, so the scheme buys resilience, not independence.

October 28, 2026

Freight trucks driving along a foggy road at sunrise

Business

Tata Motors Won Iveco but Stopped Short of Owning It

Tata Motors cleared the 80 percent bar for Iveco, but 89.42 percent is not the 95 percent that ends the process. The €3.91 billion it is paying buys a business whose profit is shrinking.

October 27, 2026

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