INDIAN ECONOMY
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The United States accounted for more than half of India’s software services exports in FY26, with exports to the country rising 11% to $119.7 billion, according to Reserve Bank of India data released on September 18.
The US share increased to 54.1 percent from 52.9 percent in FY25, reinforcing its position a...
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The India-New Zealand Free Trade Agreement (FTA) could become operational within the next month, New Zealand Trade and Investment Minister Todd McClay said, with both countries now working towards the formal exchange of notes required to bring the pact into force.
Speaking to ANI, McClay said the agreement h...
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Prime Minister Narendra Modi and UAE President Sheikh Mohamed bin Zayed Al Nahyan on Friday discussed new measures to deepen the India-UAE Comprehensive Strategic Partnership, with energy, defence, technology, investment and health emerging as key areas for expanded cooperation.
The discussion took place d...
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Fifteenth Finance Commission Chairman N K Singh on Friday called for a stronger fiscal partnership between the Centre and states, pitching state-wise debt sustainability assessments, wider use of tax data, greater private capital mobilisation and GST Council-like mechanisms for financing shared infrastructure...
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Direct tax collections after refunds grew 13% year-on-year to Rs 12.12 lakh crore as of September 17 this fiscal year, driven primarily by strong advance tax payments by companies for the second quarter, data released by the Central Board of Direct Taxes (CBDT) on Friday showed.
Overall advance tax collect...
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US President Donald Trump has signed the Lindsey O. Graham Sanctioning Russia and Iran Act of 2026 into law, giving him the power to impose tariffs of up to 100 per cent on goods from countries that continue to buy large amounts of Russian crude oil or natural gas.
India, one of Russia’s biggest oil custom...
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MARKET & FINANCE
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Have you bought digital gold or are planning to The Securities and Exchange Board of India had cautioned investors about digital gold in 2025. In a circular, Sebi said these products were distinct from gold products regulated by it because they were neither notified as securities nor classified as commodity d...
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US equity funds recorded outflows for a fourth consecutive week in the week to September 18, as rising crude oil prices heightened inflation concerns and expectations of a Federal Reserve rate hike added to investor caution ahead of its policy decision.
US equity funds recorded net redemptions of $31.44 bi...
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India’s foreign exchange reserves declined by $4.92 billion to $780.78 billion in the week ended September 11, according to data released by the Reserve Bank of India (RBI) on Friday.
Foreign currency assets (FCA), the largest component of reserves, went down by $2.37 billion during the week to $645.8 billio...
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GLOBAL CORPORATE
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Nestle said on Friday it was weighing all options to protect its rights after the Kremlin's decision to take control of the Swiss food maker's Russian business, the latest move against a Western company since the war in Ukraine began.
The maker of Nescafe coffee and KitKat chocolates said it took note of t...
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Chinese chipmaker CXMT is preparing to enter the booming flash memory chip market dominated by Samsung Electronics and other foreign rivals, three people with knowledge of the matter said, a move that would broaden its customer base amid a global memory shortage.
The move would also pit the dynamic random ...
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A group representing major US airlines said on Friday it opposes Air China's bid to schedule additional flights from Beijing to New York and Washington as part of President Xi Jinping's planned meeting with President Donald Trump.
Airlines for America, which represents American Airlines, Delta Air Lines, U...
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Volkswagen and Porsche Holding cut their outlook on Friday, citing a challenging market environment....
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It could be much worse.
When President Donald Trump launched his war against Iran in late February, energy analysts issued dire warnings that oil prices could more than double during a protracted conflict and urged investors and motorists to buckle up for a bumpy ride. The war grinds on and oil prices certai...
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A federal judge in Rhode Island ruled on Friday that President Donald Trump's administration unlawfully canceled a $7 billion grant program aimed at expanding solar energy in low-income communities.
US District Judge Mary McElroy in Providence sided with a labor union and several nonprofits and solar compani...
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Banking
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Union Finance Minister Nirmala Sitharaman on Thursday asked banks providing loans under the PM MUDRA Yojana to step up financial literacy efforts across states to help small entrepreneurs expand their businesses and bring more people under the scheme.
Speaking during an interaction with beneficiaries of the ...
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The FCNR(B) deposit scheme could generate a notional profit of around Rs 5 trillion for banks over five years and potentially add about Rs 50,000 crore to the Reserve Bank of India's balance sheet, according to an SBI Research report, which rejected estimates that put the scheme's cost at around Rs 5 trillion...
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GLOBAL ECONOMY
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Barclays and UBS Global Research expect the Bank of England to hike interest rates as soon as November, saying rising inflation risks point to a quicker resumption of policy tightening after the central bank kept rates steady....
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China is widely expected to leave benchmark lending rates steady for a 16th consecutive month in September, a Reuters survey showed, as policymakers remain cautious about delivering fresh stimulus amid a hawkish shift among major ...
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The euro zone's current account surplus narrowed in July to €27.6 billion from €35.1 billion a month earlier, European Central Bank data showed on Friday.
The surplus amounted to 1.7% of euro area GDP for the 12 months to July,...
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Euro zone consumers nudged up their inflation expectations last month, a European Central Bank survey showed on Friday, likely reflecting a new spike in fuel prices caused by a deepening Iran conflict....
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China's fiscal revenue rose 5.7% in the first eight months of 2026 from a year earlier, finance ministry data showed Friday, slightly down from a 5.8% growth in the January-July period.
Fiscal expenditure grew 1.2% year-on-yea ...
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Thailand will extend its consumer subsidy programme using 40 billion baht ($1.20 billion) remaining from the first phase, Prime Minister Anutin Charnvirakul said on Friday.
• The first phase covered about 43 million people and ...
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The cost of servicing Italy's public debt is rising at "an alarming rate" in the wake of geopolitical tensions, Economy Minister Giancarlo Giorgetti said on Friday, as the government prepares to update its budget plans for 2027 on...
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U.S. factory production unexpectedly fell in August afterseven straight monthly increases, but activity remains supported by an artificial intelligence buildout.
Manufacturing output dropped 0.3% last month following an unrevis...
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The premium France pays to borrow on the bond markets compared to Germany rose to more than a whole percentage point on Friday for the first time since the euro zone debt crisis, underscoring investor unease with its stretched fin...
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INDIAN CORPORATE
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Air India's consolidated loss has widened to Rs 22,238.23 crore in the fiscal year ending March 2026 from Rs 10,858.83 crore in the previous year amid multiple headwinds.
During the same period, the Tata Group-owned carrier' tota...
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Engineers India Ltd (EIL) sees more business opportunities in the Gulf as Saudi Arabia and the UAE plan to expand pipeline and storage infrastructure to reduce their dependence on the Strait of Hormuz, chairman Atul Gupta said on ...
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Blackstone Inc.’s India strategy began with uncertainty and stalled during the global financial crisis. Two decades later, India has delivered the investment firm’s highest private equity returns worldwide, according to Blackstone...
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Air India Ltd.’s incoming Chief Executive Officer Tewolde Gebremariam is considering folding the no-frills Air India Express unit into the group as he tries to cut costs to counter record losses, according to people familiar with ...
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India’s semiconductor push is expanding beyond chip factories to the materials, equipment, suppliers and skilled workers needed to support them. Tata Electronics is building this network around its manufacturing projects through p...
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Engineering and construction major Larsen & Toubro (L&T) is targeting a 20-30% share of the $150-billion global modularisation market over the next five years.
Modularisation is a project delivery method in which entire process...
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