Business

India’s economy has faced significant challenges from global oil price surges over the past fifty years. From the 1973 Arab embargo to the recent Hormuz disruption, these shocks have impacted inflation and foreign exchange reserves. Policymakers have continuously adapted strategies to manage these crises, balancing economic stability with consumer needs.

Experts believe that the RBI’s record surplus transfer will offer only partial support to the government’s strained fiscal position amid the continuing crisis in West Asia.

The Indian VCs behind Silicon Valley’s two new religions – SpaceX and OpenAI

US stocks advanced on Friday, nearing all-time highs as easing bond market pressure boosted investor sentiment. Strong retail and tech earnings, with companies like Ross Stores and Zoom exceeding expectations, fueled the gains. Global markets also saw positive movement, with Japan’s Nikkei reaching a record.

Federal Reserve Governor Chris Waller is advocating for the central bank to signal that its next policy move might not be an interest rate cut, citing elevated inflation pressures. He proposes removing the “easing bias” language from policy statements, emphasizing a pause on rate changes for the near term while monitoring global developments.

India has blocked China’s request for a World Trade Organization (WTO) dispute settlement panel concerning New Delhi’s support for its solar and IT sectors. China alleged that India’s measures discriminate against its goods, violating WTO provisions. India rejected these claims, asserting its measures align with WTO rules.

India’s second-largest shareholder, the Asian Infrastructure Investment Bank (AIIB), has launched a $10 billion fund to aid member nations grappling with the Middle East conflict’s economic fallout. This facility offers crucial support for energy and food security, alongside economic resilience, through fast-disbursing aid and liquidity for affected countries and businesses.

The Reserve Bank of India has announced a record Rs 2.87 lakh crore dividend payout to the government for FY26, significantly boosting fiscal space amidst global uncertainties. This substantial transfer, a notable increase from previous years, reflects the central bank’s robust financial performance and expanding balance sheet. The decision was made at the RBI Central

SBI Mutual Fund has boosted its investment in Bandhan Bank. The fund’s stake now exceeds five percent after buying more shares. This move was reported on May 20, 2026. Bandhan Bank shares saw a slight increase on Friday. Investors are watching this development closely.