Economic News Today – 15 August 2026 | Top Business & Financial News
Financial / Business News
Tata Sons AGM Quorum Crisis Deepens as Charity Body Stays Silent.
The Maharashtra charity commissioner has not responded to Tata Trusts’ plea for relief before Tata Sons’ AGM, while a fresh probe into a 1989 share transfer adds pressure.
Reliance, Rolls-Royce Partner to Build India’s Fighter Jet Engines.
Reliance Industries and Rolls-Royce will jointly develop and manufacture aero-engines for India’s AMCA fighter jet programme, aiming to build sovereign propulsion capability and challenge French rival Safran.
BRICS Bank to Channel $7.5 Billion into India, Push Rupee Bonds.
The New Development Bank plans $7.5 billion in India financing over five years, including a $2.5 billion rupee bond programme, aiming to cut emerging markets’ exchange-rate risk.
RBI Shuts FCNR Swap Window Early After Record $56.8 Billion Inflows.
The RBI shortened its FCNR deposit swap window by a month after mobilising a record $56.84 billion, pushing India’s forex reserves to a fiscal-year high of $707 billion.
Wholesale Inflation Eases to 9.8% as Energy Prices Soften.
India’s wholesale price inflation eased slightly to 9.8% in July on softer fuel costs, even as food inflation climbed to a 19-month high of 6.6%.
India’s Balance of Payments Slips into $8.1 Billion Deficit.
India’s balance of payments turned to an $8.1 billion deficit in the June quarter as foreign investors pulled $9.6 billion and the oil import bill jumped 26%.
US Report Names India Among Top Enablers of Chinese Tariff Evasion.
A US trade report named India among the top enablers of Chinese goods bypassing American tariffs, flagging the Pune-Gujarat-Chennai belt and warning of tougher future enforcement.
Zetwerk Files Updated IPO Papers for ₹2,600 Crore Fresh Issue.
Manufacturing startup Zetwerk filed updated IPO papers seeking a ₹2,600 crore fresh issue, with founders and early investors including Peak XV and Lightspeed also selling shares.
Ananya Birla’s Svatantra Microfin Files for ₹3,000 Crore IPO.
Svatantra Microfin, India’s second-largest microfinance lender to small entrepreneurs, filed for a ₹3,000 crore IPO, with existing investors Advent and Multiples paring most of their stakes.
Neo Wealth Buys 9.6% Stake in Gold-Loan Lender Keertana Finserv.
Neo Wealth Partners invested ₹230 crore for a 9.6% stake in Keertana Finserv, a fast-growing gold-loan lender serving small borrowers, valuing the company at 2.3 times its net worth.
Army Signs ₹1,577 Crore Deal for Attack Drones with Tata, Nibe.
The Indian Army signed ₹1,577 crore contracts with Tata Advanced Systems and Nibe for 840 long-range attack drones designed to resist jamming, incorporating lessons from Operation Sindoor.
Govt Orders Sugar Mills to Clear Stock Within 7 Days of Sale.
The government made it mandatory for sugar mills to clear sold stock within seven days, warning of legal action to curb artificial scarcity after prices hit record highs.
UP’s MSME Push: ₹940 Crore Disbursed to Young Entrepreneurs.
Uttar Pradesh’s youth self-employment scheme has disbursed ₹940.86 crore in margin money to 37,280 young entrepreneurs, generating employment for nearly 300,000 people over nine years.
Kohler to Invest $100 Million More in India Over Next Decade.
Bathware giant Kohler plans to invest at least $100 million more in India over the next decade, expecting the country to become its second-largest global market.
General News
President Murmu Hails Youth, Vande Mataram in I-Day Eve Address.
In her Independence Day eve address, President Murmu called India’s youth its “most valuable asset”, hailed Operation Sindoor’s precision strikes, and defended suspending the Indus Waters Treaty.
Chamoli Tunnel Collapse: 7 Dead, 3 Missing as Rescue Continues.
Landslide debris and water flooded an under-construction hydropower tunnel in Uttarakhand’s Chamoli district, killing seven workers and leaving three missing, with 19 rescued so far.
Govt Notifies 40-Question Census 2027, Adds Open Caste Column.
The government notified a 40-question Census 2027 schedule that adds an open-ended caste question for all respondents, alongside Aadhaar, mobile and bank account details.
Hormuz Shipping Grinds to a Halt as US Vows Indefinite Blockade.
Shipping through the Strait of Hormuz nearly stopped after two more tankers were attacked, as the US said it could maintain its naval blockade of Iran indefinitely.
Supreme Court Quashes Case Against Rahul Gandhi Over Savarkar Remark.
The Supreme Court quashed a criminal case against Rahul Gandhi over remarks calling Vinayak Savarkar a British collaborator, ruling the prosecution lacked required government sanction.
Two Killed in Fresh Militant Attack in Manipur’s Kangpokpi.
Suspected militants killed two villagers and injured two others in an attack on Kangpokpi district’s Langka Naga village, prompting the Liangmai Naga Council to declare a shutdown.
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