Goldman Sachs slashes India growth forecast for 2026 to 5.9%, warns currency strain will force rate hike

Goldman Sachs raises India 2026 CPI forecast to 4.6% from 4.2% earlier; Goldman Sachs expects 50 bps rate hike by RBI in 2026   Goldman Sachs has pared its growth estimate for India for 2026, while forecasting a 50 basis points hike in policy rates as the economy contends with sharp depreciation in its currency.…

Airspace closures, rising jet fuel costs to hit IndiGo, SpiceJet’s profitability as cancellations amount

Geopolitical tensions between Israel and Iran have forced Indian airlines to cancel flights to the Middle East and parts of Europe, impacting up to 40% of Air India’s capacity.   The conflict between Israel and Iran has impacted the Indian airline carriers’ capacities, as geopolitical tensions have caused cancellations of all flights to the area…

Govt to set up task force for next-generation reforms, says PM Modi

Prime Minister Modi announces a task force to revamp economic laws, cut compliance costs, and boost India’s competitiveness as part of the 2047 developed nation vision The government will set up a task force for the next-generation reforms aimed at overhauling laws, rules, and procedures governing economic activity, Prime Minister Narendra Modi said in his…

‘Iran won’t surrender, any US military intervention will cause irreparable damage’: Khamenei warns Trump

On Tuesday, US President Donald Trump issued a direct warning to Iran and demanded its ‘unconditional surrender’   A day after US President Donald Trump issued a direct warning to Iran and demanded its ‘unconditional surrender’, Iran’s Supreme Leader Ayatollah Ali Khamenei hit back with a defiant message, saying the Iranian people will not submit…