INDIAN ECONOMY
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India is seeking to push domestic manufacturing across a pool of items currently worth $51 billion in imports, three government sources said, as Prime Minister Narendra Modi seeks to reduce the country's reliance on overseas suppliers....
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India's bioeconomy can expand to USD 691 billion by 2035, create over 30 million high-value jobs and position the country among the world's top three biotechnology powers, according to a roadmap unveiled by NITI Aayog on Thursday, as Union Minister Dr Jitendra Singh said India is ready to take a leadership ro...
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Global economic growth is expected to slow to 2.5% in 2026 before edging up to 2.8% in 2027, with India also set to "lose a step" amid a broader moderation in activity, according to a Moody's Analytics report released on Tuesday....
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Indian Prime Minister Narendra Modi is taking steps to reduce key imports into the economy in order to protect supply chains and ease pressure on the currency as geopolitical risks escalate.
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The Uttar Pradesh government on Wednesday (July 15) finalised plans to roll out 16 Sardar Vallabhbhai Patel Employment and Industrial Zones (SVPEIZ) in the first phase of a wide-ranging initiative to integrate skill development, employment generation, industry and entrepreneurship on a single platform. The pr...
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ndia’s June inflation print has done exactly what headline numbers tend to do – it has grabbed attention.
Retail inflation accelerated to 4.38%, moving above the Reserve Bank of India’s 4% target after remaining comfortably below it in recent months. Predictably, the immediate question across financial mar...
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The India-UK Comprehensive Economic and Trade Agreement (CETA) has officially come into force. Agneshwar Sen examines the deal’s market access gains, compliance requirements, services and investment dimensions, and strategic implications for India’s trade negotiations with other countries...
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India’s unemployment rate for people aged 15 years and above remained unchanged at 5.5% in June despite a jump in joblessness among the youth, data released by the Ministry of Statistics and Programme Implementation on Wednesday showed....
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India’s Russian crude strategy faces a fresh challenge, with US senators proposing tariffs of up to 100% on major buyers of Moscow’s oil at a time when Russian supplies have surged to 2.6 million barrels per day, accounting for more than half of India’s crude imports....
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Net foreign direct investment (FDI) inflows turned negative again in May, after being in the positive territory for four straight months. Net FDI outflows in May were $0.1 billion, against net inflows of $0.9 billion a year ago, data released by the Reserve Bank of India (RBI) said on Wednesday....
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MARKET & FINANCE
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ndian government bonds rose early on Thursday for a second straight session, tracking overnight gains in U.S. Treasuries after softer U.S. data eased concerns about an imminent Federal Reserve rate hike.
The benchmark 6.94% 2036 bond yield fell 3 basis points to 6.7436% by 11:10 a.m. IST, extending its two...
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Private equity deals in India are taking significantly longer to close, with transaction timelines stretching from the earlier three-four months to as long as six-nine months. Geopolitical uncertainty, supply-chain disruptions and the emergence of new investment themes such as the AI value chain, defence manu...
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GLOBAL CORPORATE
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Potential tariffs in a U.S. bill imposing sanctions on Russia drew concern from Democratic lawmakers on Wednesday who said it could give President Donald Trump new powers to impose trade measures on India, Japan and some countries in the EU.
Republican and Democratic senators on Tuesday released a bill, c...
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TSMC, the world's main producer of advanced AI chips and a major supplier to Nvidia, pledged on Thursday to invest a further $100 billion in the U.S. state of Arizona and said AI-driven demand will remain strong up to 2030.
Reinforcing its bullish viewpoint on demand, Taiwan Semiconductor Manufacturing Co ...
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The full implementation of China's rare earth export restrictions could put $6.5 trillion of downstream production outside the country at risk, the International Energy Agency warned on Thursday.
China, the world's largest producer of rare earths, expanded export controls in October last year to cover addi...
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Uber on Thursday launched a public takeover offer for Delivery Hero that values the German food delivery company at $14.8 billion and would create the world's largest food-delivery firm outside China.
The acquisition advances the U.S. ride-hailing firm's efforts to build a global presence in the food-deliv...
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Asian oil refiners are well placed to ship petroleum products to buyers in other regions, as renewed conflict in the Middle East and a ban on Russian diesel exports crimps supplies....
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The United States Trade Representative (USTR), while announcing a 25 per cent tariff on certain Brazilian imports under a Section 301 investigation, cited Brazil's preferential tariff arrangements with India and Mexico as one of the practices disadvantaging American exporters....
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China caught the oil industry by surprise during the Iran war, pulling powerful levers to shield itself from the biggest energy shock in decades. In the process, it established itself as a new force in global energy markets - an independent, opaque, massive power. The measures China used to offset the energy ...
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Apple has moved a step closer to launching its Apple Intelligence features in China after the country’s cyberspace regulator approved the on-device generative artificial intelligence service for use on iPhones. The approval clears an important regulatory hurdle and paves the way for the long-awaited rollout o...
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RBI
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The Reserve Bank of India (RBI) on Wednesday proposed that banks, NBFCs and other regulated entities (REs) should put in place processes to manage data risk as part of the overall risk management framework.
“The guidance sets out broad regulatory expectations relating to data governance, roles, architectur...
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Banking
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HDFC Bank on Wednesday said it has received approval from the Reserve Bank of India (RBI) to appoint former Financial Services Secretary, Rajiv Kumar as its part-time chairman for a three-year term, effective July 15, 2026.
The appointment has been approved under Section 10B(1A)(i) of the Banking Regulatio...
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GLOBAL ECONOMY
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China's economy slowed more than expected last quarter to the weakest in more than three years, raising pressure on policymakers to speed up public spending to ensure their annual growth goal is met.
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U.S. Federal Reserve Governor Lisa Cook said on Wednesday she is "prepared to act" if inflation does not soon begin to slow, though she is willing to wait "a bit more time" for that to happen....
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Brazil's government raised its inflation forecast for this year to 5.1% on Wednesday from 4.5% projected in May, putting consumer prices above the central bank's target of 3%, with a tolerance band of 1.5 percentage points in eit...
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Federal Reserve policymakers preparing for their next policy meeting in two weeks got a fresh snapshot on Wednesday of a broadly improving economy, with employment on the rise but not straining wage bills, and inflation easing sli...
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Britain's public finances are losing around £330 billion ($442 billion) a year due to weak economic growth, population ageing and ill health, according to estimates from a think tank that show the scale of the challenge facing the...
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Britain's economy eked out minimal growth in May as the services industry expanded but other sectors shrank, suggesting fragile confidence among businesses against the backdrop of the Iran war and a change of prime minister at hom...
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Russia's federal budget spending and deficit could exceed official plans by more than 1 trillion roubles ($12.85 billion) in 2026, according to the data from the government's budget portal....
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he gap between German and U.S. 10-year borrowing costs sat near its narrowest in a month on Thursday as the escalation of fighting in the Gulf sent euro zone yields higher, while cooler inflation data has kept U.S. Treasury yields...
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The global economy could face fresh headwinds if the disruption in the Strait of Hormuz continues for more than a few weeks, International Energy Agency (IEA) Executive Director Fatih Birol has warned, as attacks in the region thr...
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Do investments in AI contribute to inflation? The answer is increasingly in the affirmative, according to Federal Reserve Chair Kevin Warsh. In his testimony before the House Finance Committee on Tuesday, Warsh identified the AI i...
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The producer price index (PPI), which measures prices received by producers before they reach consumers, fell 0.3% in June from the previous month, the Bureau of Labor Statistics said Wednesday. Economists surveyed by Dow Jones ha...
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INDIAN CORPORATE
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Oil-to-metals conglomerate Vedanta on Tuesday unveiled an ambitious expansion roadmap across its metals, mining and energy businesses, outlining plans to sharply increase production capacities over the coming years while committin...
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Tata Consultancy Services (TCS) has launched the TCS Autonomous Engineering Lab Powered by NVIDIA at its Global Axis campus in Bengaluru.
TCS in its regulatory filing said, “The new facility will serve as a physical AI hub to a...
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ACME Solar Holdings has secured long-term project funding of Rs 2,646.64 crore from REC for its 450 MW/1,800 MWh Assured Peak Power Project being developed through its subsidiary, ACME Greentech Seventh.
The company said it wil...
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Tata Consultancy Services (TCS) has launched a new Consumer Business Group (CBG) Gemini Experience Center (GEC) in Kolkata to help consumer-facing businesses build and deploy artificial intelligence (AI) solutions using Google Clo...
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Reliance Industries (RIL) is expected to improve its profitability and see a strong sequential rebound in Q1FY27 after a weak performance on the profit front in Q4FY26.
Brokerages expect strong growth in the oil-to-chemicals (O...
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When Tata Consultancy Services (TCS) said it would build a dedicated cadre of upto 8,900 forward-deployed engineers (FDEs), it appeared to be another hiring move driven by the AI boom. In reality, it signals something much bigger....
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SEBI
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Capital market regulator Sebi has notified the code of conduct for its board members.
It was adopted voluntarily by the regulator at its June 19, 2026 meeting to ensure that members of the board conduct in a manner that does n...
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Insolvency
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The insolvency regulator is considering a proposal to divest resolution professionals (RPs) of the role of running the distressed company’s day-to-day operations.
Under the proposed structure, RPs will be required only to handl...
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