12 May, 2026 | 3:52 PM
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Market/Money
Modi’s austerity call amid selloff
12-05-2026
At the opening bell itself, anxiety descended upon Dalal Street like a gathering monsoon over troubled seas. Screens glowed red, traders watched crude oil climb with unease, and by the time markets closed at 3.30 pm, the sell-off had hardened into one of the sharpest market reversals in recent weeks.
‘Identifying 100 products to boost domestic mfg’
12-05-2026
The government is working with the industry to identify approximately 100 products that are either not produced or manufactured inadequately in India as part of efforts to boost domestic production, Department for Promotion of Industry and Internal Trade (DPIIT) Secretary Amardeep Singh Bhatia said on Monday.
HSBC slashes FY27 GDP estimate sharply to 6%
12-05-2026
Twin shocks of an energy crisis and deficient rainfall will lead to real GDP growth falling to 6% in FY27 from 7.4% in FY26, HSBC said in a report on Monday. The foreign brokerage warned that these shocks would stoke inflation and may prod the RBI to hike key lending rates twice in the current fiscal.
Need to utilise, leverage FTAs: Comm Secy
12-05-2026
The Indian industry must leverage and utilise the free trade agreements (FTAs) that India is finalising, as they provide significant opportunities for both trade and investments, Commerce Secretary Rajesh Agrawal said on Monday.
Equity MFs inflow dips 5% to `38,440 cr in Apr
12-05-2026
Equity-oriented mutual fund schemes garnered a net inflow of ₹38,440 crore in April, marking a 5% decline from the preceding month. The dip occurred amid geopolitical tensions in the Middle East, fluctuating crude oil prices, and concerns about global growth.
Govt allows big funds to bid for highway projects
12-05-2026
The Ministry of Road Transport and Highways (MoRTH) has allowed large funds and investors to bid for build-operate-transfer (BOT) projects. The decision follows the failure of several projects to attract private investment due to concerns over contract terms.
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