INDIAN ECONOMY
|
|
|
India's wholesale inflation eased to 9.78% year-on-year in July from 9.87% in June, according to data released by the commerce ministry on Friday. The June reading was the highest so far under the government's new WPI series, which uses 2022-23 as the base year....
Read More
|
|
The central government's ability to service debt has remained positive and the pace of accumulation of its loans between FY23 and FY25 was less than the nominal gross domestic product expansion, according to a CAG report. This indicates that "the economy has grown to be able to absorb and service the accumul...
Read More
|
|
The White House Office of Trade and Manufacturing Policy issued a report on Thursday titled “The Great Transshipment Scam“. The document lists India among more than 40 countries that it says have assisted Chinese exporters in avoiding US tariffs. According to the report, the methods involve routing goods via ...
Read More
|
|
The Tamil Nadu government on Thursday announced that it has secured investment commitments worth Rs 1,02,514 crore, with data centres, automobiles and renewable energy emerging as the biggest investment destinations. The massive investments come in under 100 days of the TVK forming the government in the south...
Read More
|
|
Headline Consumer Price Index (CPI) inflation in July might have risen only marginally and in line with expectations, but a closer look at the data suggests price pressures are becoming more broad-based, even if the pace remains gradual.
CPI inflation rose to a 19-month high of 4.45% in July, with food inf...
Read More
|
|
Higher realisations on petroleum products and growth in engineering and electronics goods shipments helped India’s merchandise exports expand 19.6% year-on-year to $44.24 billion in July. This is the fastest export growth since June 2022, and it came on a strong base (13.2%)....
Read More
|
|
|
MARKET & FINANCE
|
|
|
The next phase at Tata Power will test the new Tata Sons chairman’s ability to balance ambition with returns, as the power utility is embarking on one of its largest investment programmes. With around Rs 1.25 lakh crore of capex planned through FY30, the challenge will be to execute a rapid expansion in gener...
Read More
|
|
Indian government bonds remained firm in early trade on Friday, although the benchmark 10-year bond yield held above the key 6.75% level as investors looked to a weekly debt auction for fresh cues.
The yield on the benchmark 6.94% 2036 bond was at 6.7511% as of 10:00 a.m. IST, after closing at 6.7582% on T...
Read More
|
|
Markets regulator Sebi on Thursday proposed introducing a mandatory colour-coded 'Credit Risk-o-Meter' for debt securities, to help investors assess credit risk more easily before investing.
Inspired by the risk-o-meter framework for mutual funds, the proposed tool will use a standardised, colour-coded sca...
Read More
|
|
|
GLOBAL CORPORATE
|
|
|
China's exports of electric trucks to other Asian countries have spiked, adding to a surge in domestic sales as higher fuel costs as a result of the Iran war accelerate regional electrification.
China’s rapid adoption of e-trucks — from lighter vehicles to tractor-trailers — has partially shielded the worl...
Read More
|
|
China's car industry is on a tear overseas, storming markets from Europe to Southeast Asia and heaping pressure on long-established automakers like Toyota Motor and Volkswagen.
But it is a different story at home, where car sales have been in steady decline since late last year, as weak consumer demand and...
Read More
|
|
Washington: President Donald Trump said on Thursday he will impose tariffs on imports of drones and their components, including from some key U.S. allies, with the Trump administration saying the country was "too reliant" on foreign sources of drones....
Read More
|
|
The U.S. Court of International Trade on Thursday ruled in favor of President Donald Trump's 2025 decision to rescind a "de minimis" exemption for tariffs on some imports of less than $800, a rare win for the president in the trade court's review of emergency economic powers....
Read More
|
|
Washington: The Trump White House said in a new report on Thursday that countries are routing their exports through third countries to avoid U.S. tariffs, estimating that there are tax revenue losses of $19 billion to $26 billion annually....
Read More
|
|
South Korea is becoming the centre of an unprecedented race to expand memory-chip production, through the explosive growth of artificial intelligence. The reason behind the push is SK Hynix, which is committing hundreds of billions of dollars to expand its manufacturing footprint and meet what it expects to b...
Read More
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
GLOBAL ECONOMY
|
|
|
|
Wholesale prices in the US cooled in July, offering a welcome sign that inflation may be losing some momentum as lower energy costs helped ease price pressures.
Data released by the labor department showed that the producer price...
Read More
|
|
Argentina's monthly inflation rate was 2.1% in July, slightly above the level recorded in June, while the 12-month figure also slightly sped up, data from national statistics agency INDEC showed on Thursday.
July's inflation ra...
Read More
|
|
New Zealand's manufacturing activity continued to expand in July, though at a slower pace, as sentiment weakened after the conflict in the Middle East pushed costs higher for businesses, and consumers remained cautious about spend...
Read More
|
|
Japan may conduct joint yen intervention "at any time" and signal the chance of faster-than-expected interest rate hikes to stem the currency's falls, said Tokyo's former top currency diplomat Mitsuhiro Furusawa.
The yen is "cl...
Read More
|
|
Japan's core consumer inflation likely accelerated in July from the previous month, as faster food price gains and cost pressures on energy from the war in the Middle East pushed prices higher, a Reuters poll of economists showed....
Read More
|
|
Fitch on Thursday affirmed the sovereign credit rating for the United States at "AA+" with a stable outlook, citing its large economy, high per-capita income and the U.S. dollar's status as the world's leading reserve currency.
...
Read More
|
|
|
INDIAN CORPORATE
|
|
|
HCLTech has expanded its partnership with NetApp to offer hybrid cloud storage-as-a-service (STaaS), aimed at helping enterprises scale artificial intelligence (AI) and data-driven workloads.
The companies said the solution wil...
Read More
|
|
Tata Motors (TMPV) reported a sharp 80% year-on-year decline in consolidated net profit for the June quarter due to weaker Jaguar Land Rover (JLR) performance, higher commodity costs and adverse foreign exchange movements.
Cons...
Read More
|
|
For the next Tata Sons chairman, Air India is likely to be one of the most consequential unfinished projects inherited from N Chandrasekaran. The group has put in place the building blocks of a global airline through the acquisiti...
Read More
|
|
|
|
|
|
|
|
|
|
|
Insolvency
|
|
|
A Parliamentary Standing Committee on Finance has backed steps taken by the government to strengthen recovery under the Insolvency and Bankruptcy Code (IBC), while seeking deeper and time-bound action to tackle diversion and sipho...
Read More
|
|
|
|