INDIAN ECONOMY
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India’s exporters may face a higher cost burden from the additional 10% Section 301 tariff imposed by the US, but the move could also create opportunities for Indian suppliers as several competing countries face a higher duty, the Federation of Indian Export Organisations (FIEO) said on Friday.
FIEO Presid...
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US-India Strategic Partnership Forum (USISPF) President and Chief Executive Officer (CEO) Mukesh Aghi on Friday said that the economic partnership between India and the United States continues to expand despite the absence of a bilateral trade agreement, with trade and investment flows growing steadily.
Sp...
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The implementation of the India-UK free trade agreement is expected to boost India's exports to Britain to USD 115 billion by 2030, industry body Assocham said in a study on Friday.
The agreement came into force on July 15 this year.
"The total trade trajectory is expected to expand from USD 58 billion ...
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Donald Trump's administration has lowered the proposed tariff on a majority of Indian exports to 10% from the earlier 12.5% under its Section 301 forced-labour investigation, handing New Delhi a relative trade advantage over several competing manufacturing economies even as exporters continue to face higher c...
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India’s private sector activity grew at the slowest pace in over 4 years, weighed down by reignited hostilities in West Asia and a jump in inflationary pressures, S&P Global said on Friday.
The HSBC Flash India Composite Purchasing Managers’ Index fell to 54.3 in July, the lowest since March 2022, pulled d...
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From 9:31 am on Friday, Indian exporters will receive a significant tariff relief in the US market as the 10% Section 122 import surcharge expires. However, if the US extends this levy or imposes another set of tariffs under Section 301 of the Trade Act overnight, then exporters will have to make different ad...
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By putting a ban on import of goods produced using forced labour, India has managed to reduce the additional tariffs that the US had proposed to impose on its exports to 10% from 12.5%. This gives the country a tariff advantage over competitors like China, Vietnam, Thailand, and Türkiye, which will be charged...
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India’s crude oil basket surged to $103.33 a barrel on July 23, up 51.5% from $68.21 on July 3, when expectations of a US-Iran peace agreement had briefly cooled prices, renewing pressure on state-owned oil marketing companies facing losses.
“The latest surge is being reflected in September contracts. If c...
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MARKET & FINANCE
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India-focused fund flows also showed early signs of stabilising after sustained outflows. Redemptions paused after $8.6 billion of cumulative outflows since February, although net inflows remained modest at $17 million during the week.
Global industrial funds have recorded negative rolling four-week flow...
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Indias foreign exchange reserves increased $1 billion to $676 billion in the week ended July 16. Foreign currency assets increased $4.5 billion to $551 billion, despite the Reserve Bank of India selling dollars in the foreign exchange market to smoothen rupees volatility.
The rupee weakened from 95.62 to 9...
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GLOBAL CORPORATE
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United States President Donald Trump has threatened the European Union with steep tariffs and a new trade investigation, saying that the bloc “will pay a very big price” after Brussels fined Google $1bn over antitrust violations.
Trump called penalties against Google and other US tech firms “highly unethic...
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Brazil estimates that newly announced U.S. tariffs will affect 23.1% of its exports, according to a government statement released on Friday.
Of that total, 16.5% of Brazilian exports will face combined U.S. duties of 37.5%, the statement said.
Washington imposed a 25% levy on several Brazilian products ...
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Brazilian aircraft manufacturer Embraer said on Friday its firm order backlog hit a record of $34.5 billion at the end of the second quarter, up 16% from a year earlier.
• The commercial aviation backlog stood at $15.1 billion in April-June quarter, up 15%, while executive aviation backlog rose 5% to $7.8 ...
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Kuwait Petroleum Corporation (KPC) has signed a $16 billion deal to lease and lease back its crude oil pipeline network with a consortium comprising global funds Blackstone, Brookfield and KKR, the state-owned Gulf firm said on Saturday.
It said it was the largest foreign direct investment in the country's...
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GLOBAL ECONOMY
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Euro zone business activity returned to growth in July for the first time in four months, driven by a rebound in new orders, but may be derailed by high inflation and renewed conflict in the Middle East, a survey showed on Friday....
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Euro zone consumers cut their inflation expectations last month, likely encouraged by a truce in the Middle East that had brought down energy prices but proved short lived, a European Central Bank poll showed....
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The Russian central bank cut its benchmark interest rate to 14% on Friday from 14.25% despite a spike in inflation linked to Ukrainian drone attacks on major oil refineries and e-commerce warehouses....
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Activity in the vast U.S. services sector accelerated in July, aided in part by spending around the FIFA World Cup and the Independence Day holiday, while the pace of growth in the manufacturing sector eased to the slowest since M...
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- A rapidly intensifying El Niño weather pattern combined with higher energy prices could add 0.3 percentage points to global inflation next year, hitting emerging markets particularly hard, JPMorgan economists said in a report o...
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The European Central Bank still considers the current inflation shock to be medium-sized, which requires some policy action but not aggressive moves, and it will get price growth back to 2% in the next year or so, ECB chief econo...
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The Brazilian government on Friday reduced by 5.7 billion reais ($1.12 billion) a spending curb needed to comply with its fiscal framework due to lower than expected mandatory expenditures despite a shortfall in revenue from divi...
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INDIAN CORPORATE
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State-owned power giant NTPC on Friday posted a nearly 13 per cent rise in its consolidated net profit to Rs 6,896.44 crore for the April-June quarter compared to the year-ago period mainly on the back of higher revenues. The cons...
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State-owned Steel Authority of India Ltd (SAIL) on Friday posted over two-fold jump in consolidated net profit to Rs 1,644.05 crore in the June quarter, mainly on account of reduced expenses. It had reported a net profit of Rs 744...
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Car market leader Maruti Suzuki India Ltd is aiming for 25-30 per cent growth in its SUV sales this fiscal on the back of new launch and traction from existing models, a senior company official said on Friday.
The company, whic...
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The June quarter earnings season (Q1FY27) of Indian companies is gathering pace, and Hindustan Zinc has joined the list of companies reporting their financial performance for the first quarter of FY27.
The mining and metals co...
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InterGlobe Aviation, which operates low-cost carrier IndiGo, has offered a bunch of commitments to the Competition Commission of India (CCI), including setting up a formal crisis management mechanism, temporarily surrendering unus...
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Information technology major HCLTech on Friday announced plans to set up its first artificial intelligence (AI) data centre in Odisha with an investment of Rs 14,257 crore, in partnership with sovereign AI startup Sarvam and the O...
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Adani Energy Solutions (AESL), on Friday said it has won a ~Rs 8,500 crore inter-state transmission project in Andhra Pradesh.
The project named transmission system for proposed green hydrogen / green ammonia projects in Vizag ...
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