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FISCAL CONSOLIDATION EFFORT
Dollar wobbles as investors balk at US Treasury's rescue effortsThe dollar faced a decline on Friday, ending the week lower amid investor worries. Concerns arose over the U.S. Treasury's bond buyback, wh...
US Treasury's Bessent says upsized bond buybacks could increase furtherUS Treasury Secretary Scott Bessent has outlined a strategy to ramp up bond buybacks, aiming to enhance market liquidity and instill confid...
Oracle isn't alone: These companies have layoffs scheduled for September 2026 as AI, restructuring and cost-cutting reshape jobsIn September 2026, several prominent companies are set to implement significant workforce reductions. Both Oracle and Pinterest are letting...
Ashok Leyland Q1 profit rises 2% as revenue jumps 10% to Rs 10,750 croreAshok Leyland reported a 2% rise in consolidated Q1FY27 profit to ₹668 crore, while revenue grew 10% to ₹10,750 crore. Record commercial ve...
Hindustan Copper net rises over 2x in Q1Hindustan Copper Limited announced a substantial profit increase for the first quarter. Total income also saw a significant rise compared t...
Swiggy targets Rs 10,000 crore in annual adjusted Ebitda in five yearsSwiggy aims for ten thousand crore rupees adjusted Ebitda by fiscal year thirty-one. Its food delivery business will contribute five thousa...
Starbucks raises annual forecasts again as turnaround takes rootStarbucks has raised its annual sales and profit forecasts again. The company's turnaround strategy has reignited demand and improved custo...
Protium in advanced talks to buy Clix Capital; Rs 1,900-2,200 crore valuation likelyProtium Finance is nearing a deal to acquire Clix Capital for approximately Rs 1,900-2,200 crore. This acquisition aims to expand Protium's...
Tata Communications flags role cuts, takes Rs 44.78 cr chargeTata Communications is restructuring its organization, incurring a one-time staff cost optimization charge. The company reported a decline ...
S&P raises Pakistan's sovereign rating to 'B'S&P upgraded Pakistan's rating to 'B' from 'B-'. This upgrade reflects improved institutional stability and key IMF-backed reforms. Reforms...
Global Market: Japan's Takaichi unveils growth blueprint, reiterates investment push amid bond market concernsJapanese Prime Minister Sanae Takaichi unveiled her first economic blueprint, promising stronger investment in strategic industries while r...
Need to cut chemical fertilisers usage via crop diversification, incentives: EAC-PM ChairmanIndia must curb chemical fertilizer use by promoting crop diversification, natural farming, and productivity-linked incentives, stated EAC-...
Lower crude may not mean cheaper fuel immediately: NIPFP economistGlobal crude oil prices may fall after Middle East peace efforts. However, fuel prices in India might not decrease immediately. Oil compani...
Govt fundraising drive hits high gearThe government's push for non-tax revenue is off to a strong start, with public asset monetisation nearing 30% of last fiscal year's total ...
India's fiscal policy is evolving to support domestic growth: S&P GlobalIndia is adjusting its fiscal policy to boost domestic growth and economic strength. Global uncertainties are prompting a move towards long...
End of revenue deficit grants not to impact states' finances: Official on FinComm suggestionThe Union government faces a careful balancing act. Significant funds will flow to states following the 16th Finance Commission's proposals...
Fisc forward, balancing multi-objectives: GoI's fiscal consolidation efforts are also closely tied to its broader economic reforms agendaNirmala Sitharaman’s budget strategy ensures India's stability and growth through robust fiscal foundations. The government balances public...
India faces continued fiscal challenges, despite lower deficit target: Moody's"Weak growth prospects for India (Baa2 stable) will complicate the government's fiscal consolidation efforts, weighing on the sovereign's c...
Govt is making an effort to be on the path of fiscal consolidation: Neeraj Gambhir, Nomura Capital'I hope that outcome of these state elections has not impacted the thinking of the Finance Minister as far as the fiscal deficit discipline...
- ET in the Classroom: Fiscal Consolidation
A conscious policy effort is needed by the government to live within its means and thereby bring down the fiscal deficit and public debt.