INDIAN ECONOMY
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Commerce and Industry Minister Piyush Goyal on Thursday held a series of high-level bilateral and business engagements in Singapore, seeking to deepen India-Singapore cooperation in trade, investment, technology and business while opening up new avenues for mutually beneficial economic growth.
Goyal began ...
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The government on Thursday amended the Foreign Trade Policy (FTP) 2023 to make it easier for exporters to invoice overseas sales and receive payments in Indian rupees, bringing eligible rupee receipts on par with foreign-currency earnings for FTP benefits and export obligations.
The changes apply to exports ...
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The Himachal Pradesh Forest Department on Thursday signed a five-year Memorandum of Understanding (MoU) with the Bharti Institute of Public Policy, Indian School of Business (ISB-BIPP) to unlock the state's estimated Rs 22,600 crore untapped forest and pastoral economy potential through science and technology...
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Urea is the fertiliser Indian farmers rely on most. While its widespread misuse has contributed to soil infertility and to air and water pollution, it is equally true that without urea, India would struggle to sustain food production for a population of 1.45 billion and growing. India therefore needs to do tw...
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India’s real GDP growth in FY27 could well surpass the Reserve Bank of India’s 6.7% projection, driven by resilient domestic economic activity even as the triple challenges of US tariffs, higher oil prices and heightened global uncertainty continue to unfold, according to RBI Deputy Governor Poonam Gupta.
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Growth in the output of core industries moderated to 5.4% in July, from an upwardly revised 6.0% in June, with five of the nine sectors seeing slower growth last month, data released by the Department for Promotion of Industry and Internal Trade on Thursday showed.
The growth print for 9 core industries fo...
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For most of the last decade, the answer to any awkward question about India’s trade numbers was the same: look at services. Merchandise imports could balloon, oil could spike, gold could surge and the country’s software and business-services exports would quietly absorb the shock. That reflex is now being tes...
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India’s manufacturing push is doing two things at once: creating a faster-growing export engine and, at least for now, making the trade deficit worse.
India’s goods trade deficit widened to a six-month high of nearly $32 billion in July 2026, according to analysis of the commerce ministry’s provisional tra...
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India’s private-sector activity improved marginally in August, supported by a recovery in the services sector. However, manufacturing growth weakened further, slowing to its weakest pace in five years.
The HSBC Flash India Composite PMI Output Index rose to 54.6 in August from 54.3 in July, when private-se...
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The minutes of the Reserve Bank of India’s latest monetary policy meeting have signalled a shift in the debate from further monetary easing to policy normalisation, raising the prospect of a rate hike later this year, even as the October review is likely to see another pause.
“The debate within the committ...
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State Bank of India Chairman C S Setty believes the rationalisation of the goods and services tax last September will continue to support consumption demand. In an interview with Manju AB and Joydeep Ghosh, Setty said banks will see a structural shift in their balance sheets over the next five to 10 years as...
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MARKET & FINANCE
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Equity mutual fund inflows declined 42% from a year earlier to Rs 24,697 crore in July, as investors became more cautious amid concerns about high valuations and subdued equity returns. However, steady SIP contributions continued to support the segment.
Despite the slowdown, equity-focused schemes extended t...
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The dollar slipped on Friday and was set to end a bumpy week lower, as investors questioned whether the U.S. Treasury's efforts to calm the bond markets might end up undermining confidence in the currency.
Those concerns pushed the euro up 0.13% to $1.1694, on course for its fourth consecutive weekly gain....
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HDFC Bank raised $1.75 billion through a dual-tranche dollar bond sale, the largest one-shot debt fundraising by an Indian bank, three merchant bankers said on Friday, as banks scramble to take advantage of a concessional window from the central bank.
India's largest private lender on Thursday raised $1.25 b...
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A missile strike in West Asia rarely stops a private equity (PE) deal in Mumbai. But it can reshape the questions investors ask before signing one.
From freight costs to tariff exposure, geopolitical developments that once sat at the margins of investment committees are now shaping how global and domestic ...
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The National Pension System (NPS), a voluntary retirement savings scheme governed by the Pension Fund Regulatory and Development Authority (PFRDA), enables individuals to build up their tax-efficient retirement corpus through market-linked investments.
Investors can open and manage an NPS account using a ...
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GLOBAL CORPORATE
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Australia passed legislation on Thursday that will force tech giants to pay millions of dollars in levies if they fail to strike commercial deals with local media outlets for news on their platforms.
The News Bargaining Incentive taxes the companies 2.5% on their advertising revenues unless they strike agr...
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Micron Technology said on Thursday it plans to spend $10 billion on its newly established research lab at Boise, Idaho, over the next decade to advance memory technologies, develop compute systems and support future chip manufacturing.
Large memory chipmakers such as Micron, Samsung Electronics and SK Hyni...
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South Korea plans to create a new fund to channel tax windfalls from the country's semiconductor boom into supporting younger generations and invest in future growth industries such as artificial intelligence, the budget ministry said on Friday....
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A court in China's Guangzhou has accepted the bankruptcy liquidation case of Hengda Real Estate Group, the mainland property unit of China Evergrande Group, according to a court statement on Friday....
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Samsung SDI said on Friday it will sell 13.09 million shares in affiliate Samsung Display to the display maker for about 4.45 trillion won ($3.21 billion), to raise funds for investments in future growth engines.
Samsung Display plans to buy the shares as treasury stock at 340,000 won each, Samsung SDI sai...
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China's robotics industry has had a remarkable few days. China may not match what goes on inside Tesla, which makes Optimus humanoid, or Boston Dynamics, which is known for its humanoid Atlas, but on the ground it may be winning the robot race, for now.
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Banking
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Urban co-operative banks (UCBs) may be smaller in size, but technology, cyber threats and dependence on external service providers are exposing them to risks that can be much larger than their physical or geographical presence, RBI Deputy Governor Swaminathan J said. Speaking at the Mission SAKSHAM programme ...
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GLOBAL ECONOMY
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Even if artificial intelligence boosts productivity, it may not lower inflation, the International Monetary Fund's new chief economist Silvana Tenreyro warned in research published by Bank of England staff on Thursday....
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The number of Americans filing claims for unemployment benefits slipped last week, suggesting that the labor market remains stable despite a surprise drop in employment in July and leaving the Federal Reserve in position to keep i...
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Mexico's central bank struck a cautious tone in minutes published on Thursday, signaling it is likely to keep interest rates unchanged for some time even though inflation is easing....
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Argentina's economic activity climbed 2.7% in June compared with the same month a year earlier, data from Argentina's national statistics agency showed on Thursday....
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British consumer morale jumped to a two-year high this month as households became more confident about making major purchases, a survey showed on Friday that added to a run of unexpectedly strong economic data....
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Japan's manufacturing sector expanded in August as new orders rose at their fastest pace since January 2018, a business survey showed on Friday....
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British retail sales fell back as expected in July after a surge in June when hot weather boosted demand for fans and air conditioners and supermarkets offered promotions alongside the men's soccer World Cup, official figures show...
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Britain's government recorded an unexpected budget deficit last month, a reminder of the financial constraints facing new finance minister John Healey ahead of his October budget in spite of recent better news on the economy....
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German business activity expanded modestly in August as an upturn in manufacturing offset a faster decline in services activity, a preliminary business survey showed on Friday....
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INDIAN CORPORATE
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Google is reportedly planning to move the production of its Pixel smartphones, smartwatches, and wireless earbuds out of China from 2027. The move is hardly surprising: persistent US-China tensions are prompting technology majors ...
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