INDIAN ECONOMY
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India's retail inflation is expected to rise from current levels in the coming months, driven mainly by food prices but it will likely remain below the Reserve Bank of India's (RBI) 6 per cent upper tolerance limit, as per analysts.India's retail inflation rose to 4.45 per cent in July from 4.38 per cent in J...
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Five months after the Iran war raised fears of an inflation spike and an economic downturn, Indian officials are sounding more confident as the worst of those concerns have so far failed to materialize....
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Food inflation, as measured by the recently revised consumer food price index, continued to move upwards to touch 5.52% in July, primarily because ginger, garlic, onion, chicken, eggs and edible oils became costlier.
Sequentially, the all-India Consumer Food Price Index (CFPI) rose by 2.09% last month from...
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MARKET & FINANCE
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Equity mutual fund inflows fell 42% year-on-year to Rs 24,697 crore in July, as investors turned more selective amid concerns over valuations and muted equity returns, though sustained SIP contributions continued to provide strong support to the segment.
Despite the decline, equity-oriented schemes recorded ...
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GLOBAL CORPORATE
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Global demand for electric vehicles rose for a fifth consecutive month in July, driven by robust growth in Europe while sales weakened in China and North America, data from consultancy Benchmark Mineral Intelligence showed on Thursday.
Sales of battery-electric and plug-in hybrid vehicles rose 9% from a ye...
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China's Lenovo Group reported a 43% jump in quarterly revenue on Thursday, beating forecasts to drive shares up as much as 22%, as the world's largest computer maker rides an AI hardware boom and benefits from a global memory chip shortage.
Lenovo's revenue rose to $26.94 billion in the three months ended ...
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Starlink, the satellite internet service operated by Elon Musk's SpaceX, has begun accepting orders in Vietnam, according to the company's local website.
Households are now able to place deposits through its website at starlink.com.vn for a residential service plan starting at 1.13 million dong ($43) per m...
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Danish shipping group Maersk on Thursday smashed profit forecasts and raised its full-year earnings guidance for a second time this year as the Middle East conflict, port congestion and strong demand pushed freight rates higher.
Maersk, a bellwether for global trade given its position as the world's second...
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Elon Musk believes artificial intelligence could become SpaceX’s biggest source of revenue within weeks. This is a major shift for a company that built its business around rockets, satellites and space travel. Speaking to SpaceX employees during a 30-minute all-hands meeting on Tuesday, Musk made a major pred...
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GLOBAL ECONOMY
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The government is likely to opt for a global template to fast-track the implementation of cross-border insolvency regime rather than negotiate separate bilateral arrangements with individual countries, official sources told FE. Th...
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With conservative tax revenue assumptions and an Economic Stabilisation Fund, the Centre has room to absorb “near-term shocks of mild intensity” without immediately breaching its fiscal deficit target, the finance ministry told a ...
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India’s consumer price index (CPI) inflation rose to a 19-month high of 4.45% in July, but the headline print was only slightly higher than 4.38% registered in June and was in line with expectations, data released by the statistic...
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Iran will soon join the New Development Bank, the development lender established by the BRICS group of nations, central bank governor Abdolnaser Hemmati said in a state media report published on Wednesday ahead of a BRICS finance ...
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Russia's consumer price index (CPI) rose 0.54% in July after increasing 0.87% in June, data from the state statistics service showed on Wednesday.
Annual inflation eased to 5.98% from 6.02% a month earlier.
Consumer prices f...
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The U.S. federal budget deficit for July jumped to $432 billion, a record for the month, as higher outlays and more negative tariff revenues also brought the 2026 fiscal-year-to-date budget gap to $1.799 trillion, topping the full...
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Venezuelan authorities plan to focus on reconstruction efforts and recovering gold reserves worth an estimated $4 billion held in the Bank of England's underground vaults, National Assembly chief Jorge Rodriguez said on Wednesday,...
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Japan's annual wholesale inflation remained elevated in July, data showed on Thursday, highlighting broadening price pressures and reinforcing market expectations of an interest rate hike in September.
The data came in the wake...
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Britain's food industry warned in February that soaring energy costs following U.S. and Israeli strikes on Iran could push food price inflation towards 10% by Christmas.
Six months later, food inflation has instead fallen to a...
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Thailand's economic growth likely slowed sharply in the second quarter, while the economy contracted on a quarterly basis, a Reuters poll of economists showed, as subdued household consumption offset support from exports and priva...
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Britain's economy unexpectedly grew in June as companies enjoyed a respite from the energy price surge caused by the Iran war, the start of the men's soccer World Cup and hot weather, official data showed on Thursday.
Gross do...
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The US Bureau of Labor Statistics has released the US CPI data for July. The annual inflation rate in the US decreased to 3.4% in July 2026, down from 3.5% in June, continuing the trend from May’s high of 4.2%. The Consumer Price ...
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INDIAN CORPORATE
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Madhya Pradesh Chief Minister Dr. Mohan Yadav said that Ahmedabad-based Torrent Group is making large-scale investments in the state to meet its growing energy requirements and make th state self-reliant in the energy sector. Vari...
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For N Chandrasekaran, who sent out a letter announcing his exit as the Tata Sons chairman to the board of directors at 11 am on Wednesday, the last six months may not have been easy.
The short letter, summarising all the imp...
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Six of Tata Sons' most prominent loss-making companies accumulated combined losses of Rs 68,341 crore, nearly Rs 70,000 crore, over the four financial years from FY23 to FY26, broadly covering N Chandrasekaran's second term as cha...
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Not any single Tata family member.
At the top of the group sit charitable trusts created by successive generations of the Tata family. Together, philanthropic trusts own about two-thirds of Tata Sons, the group's principal invest...
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Larsen & Toubro (L&T) on Thursday said it has secured a mega order to build what it described as India’s largest single-cluster AI infrastructure, deploying 10,000 NVIDIA B300 GPUs at its Chennai data centre campus for US-based AI...
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India’s largest conglomerate is reeling from the shock resignation of its chairman, who leaves a vacuum just as the coffee-to-cars group executes a massive reinvestment program over the next five years.
Natarajan Chandrasekaran...
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Apollo Hospitals on Wednesday reported a 34% year-on-year rise in consolidated net profit to Rs581 crore for the first quarter of FY27, driven by growth across its healthcare, diagnostics and pharmacy distribution businesses.
C...
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Hindustan Aeronautics (HAL) reported a 14.88% year-on-year (YoY) increase in its Q1FY27 consolidated net profit to Rs 1,589.66 crore, from Rs 1,383.77 crore reported in Q1FY26.
Revenue from operations, also increased 14.45% YoY...
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Grasim Industries, the flagship company of the Aditya Birla group, on Wednesday saw consolidated June-quarter profit rise 51.1% year-on-year to Rs 2,146 crore, compared with Rs 1,421 crore a year ago.
Revenue grew 21.4% year-on...
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Bank of America Corporation will invest up to Rs
18,268 crore for a stake of as much as 49.9% in Jio Credit Limited, the wholly-owned lending subsidiary of Jio Financial Services Limited, under a definitive agreement announced o...
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GST
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The GST authorities cannot arrest a person without first communicating the order authorising the arrest and the “reasons to believe” recorded by the commissioner, the Supreme Court ruled on Wednesday, stressing that withholding such reasons could have “drastic consequences” for an accused’s right to liberty. ...
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