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India’s exports to the US rose 13% in H1 FY26 to $45.8 billion despite steep tariffs, and the country remains open to additional energy imports. Globally, the US is rallying support from India and European allies to counter China’s rare earth export curbs, highlighting growing supply chain tensions.
At home, the EPFO CEO defended its revised withdrawal rules, mandating a 25% minimum balance, while Axis Bank posted modest Q2 NII growth and improved asset quality despite a one-time provision. RBI MPC minutes showed Governor Malhotra noting strong Q2 growth but urging caution on external demand and tariff uncertainties.
Elsewhere, the Supreme Court approved green firecrackers for Diwali in Delhi, and Pakistan announced a 48-hour ceasefire with Afghanistan.
Hyundai’s Global CEO unveils ₹45,000 cr India investment plan by 2030
Hyundai Motor Company has unveiled an ambitious five-year plan for India, marking its biggest bet on the country. According to Jose Munoz, President and Global CEO, the company plans to invest ₹45,000 crore and launch 26 new cars, as part of its roadmap to 2030. Munoz, while speaking exclusively to CNBC-TV18, emphasised Hyundai’s goal of “full localisation” and not just in manufacturing, but also in research and engineering.
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Diwali Deal in the Making: Emirates NBD poised to acquire controlling stake in RBL Bank
Emirates NBD is eying a 60% stake in Mumbai-based private lender RBL Bank, after factoring in the mandatory open offer, sources with knowledge of the matter told CNBC-TV18. The pricing of the transaction is likely to be calculated as per the SEBI formula and may not be with a significant premium to the lender's current market price.
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India open to more energy imports from US, notes 13% rise in exports to US in H1 FY26 despite tariffs
Despite 50% tariffs imposed on imports by the United States, India's exports to the US rose to $45.82 billion in the 1st half of the current FY, 13.3% more than $40.42 billion in the same period last year. Government sources have indicated that India's Chief Negotiator Rajesh Agrawal is slated to leave for the US tonight, even as the negotiating team is already in the US and discussions are underway on bilateral commitments.
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US now seeks global support against China’s rare earth curbs
A person holds the U.S. and Chinese flags as people take part in the 22nd New York City Lunar New Year celebration, the year of the Ox, amid the coronavirus disease (COVID-19) pandemic in the Chinatown area of the Manhattan borough of New York City, New York, U.S., February 12, 2021. REUTERS/Carlo Allegri
Months after slapping tariffs on nearly all its major trading partners, the United States is now seeking support from the same countries to break China’s curbs on rare earth minerals. US Treasury Secretary Scott Bessent expects backing from India and European nations to counter Beijing’s tightening grip over the global rare earth supply chain — even as Washington maintains steep tariffs on Indian goods.
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Exclusive | EPFO chief defends new withdrawal rules amid backlash
Facing widespread criticism over its revised withdrawal framework, the Employees’ Provident Fund Organisation (EPFO) has defended the decision to mandate a minimum 25% balance retention in provident fund accounts, calling it a “prudent and balanced” step to protect long-term retirement savings.
Central Provident Fund Commissioner and EPFO CEO Ramesh Krishnamurthi said the move was aimed at simplifying access while preventing members from exhausting their entire savings before retirement.
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Also Read: EPFO simplifies withdrawal rules, dispels myths around ‘25% money lock-in’
RBI MPC minutes: Tariff woes, foggy outlook call for caution, says governor
High-frequency indicators suggest the Indian economy is likely to maintain strong growth in Q2, according to the Reserve Bank of India’s Monetary Policy Committee (MPC) minutes released on October 15.
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Axis Bank Q2 Results: One-time provision drags profit; Slippages, asset quality improve
Mumbai-based private lender Axis Bank Ltd. reported its results for the September quarter after market closing hours on Wednesday, October 15. The lender's Net Interest Income (NII) or core income that it earns, increased by 1.9% from the year-ago period to ₹13,744 crore. A CNBC-TV18 poll had projected the figure to be ₹13,224 crore.
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Supreme Court allows green firecrackers in Delhi for Diwali
The Supreme Court on Wednesday, Oct 15, allowed the sale of green firecrackers in Delhi for Diwali celebrations. A bench of Chief Justice BR Gavai and Justice K Vinod Chandran allowed the joint request of the Centre and Delhi government.
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Pakistan announces 48-hour ceasefire with Afghanistan
Pakistan on Wednesday said a 48-hour ceasefire has been agreed with Afghanistan, amid border clashes between the two countries that have killed dozens of people on both sides.
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We'll see you on Thursday with another engaging 'Top 10@10.'
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