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INDIAN ECONOMY
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US President Donald Trump may not be able to get the Russia sanctions bill passed in the House of Representatives before November, a development that would give India a breather from the possibility of up to 100% tariffs for its crude oil purchases from Moscow.
The bill that received overwhelming support in ...
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From stronger-than-expected economic growth sparking debates over past revisions, to a widening current account deficit driven by a sharper merchandise trade gap, a manufacturing activity slowdown, while services recover, a sustained streak in strong GST collections driven by import revenues and a weaker mons...
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India's balance of payments (BoP) is expected to post a surplus of USD 60-65 billion in FY27 despite a widening current account deficit, as strong inflows through special RBI schemes are likely to offset weak capital flows, HDFC Bank said in a report.
The bank expects the current account deficit (CAD) to wid...
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India's cyclical recovery faces rising risks from an oil supply shock, fading domestic stimulus and weaker artificial intelligence (AI) capital expenditure, according to a Nuvama Institutional Equities report.
According to the report, the impact of the oil supply shock on corporate margins is expected to eme...
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India is emerging as one of the biggest data centre investment destinations in South and Southeast Asia, but the multi-billion-dollar build-out may have only a modest impact on the country’s overall economic growth because a large share of equipment is imported, Moody’s Ratings said.
Data centre capital ex...
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The Free Trade Agreement (FTA) between India and New Zealand is likely to be made operational next month that would eliminate tariffs on 100% of Indian exports.
“The agreement will come into force in October on a mutually agreed date,” an official said Thursday. India and New Zealand signed their FTA on Ap...
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States’ aggregate capital expenditure (capex) likely grew at half the pace in April–July of the current financial year compared with the year-ago period, partly due to a monsoon-induced slowdown.
Going by the finances of 20 large states reviewed by FE, their capex during April-July 2026-27 rose 10.7% year-...
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The number of e-way bills generated under the Goods and Services Tax regime rose 7.7% year-on-year to 139.1 million in August, according to GST Network data. Sequentially, however, e-way bill generation was down 0.5% from July.
In July, e-way bills had risen 6 % year-on-year, the slowest rise in 45 months,...
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MARKET & FINANCE
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Indian government bonds fell for a third straight week on Friday, as higher oil prices and growing expectations of global rate hikes outweighed support from ample domestic liquidity.
The benchmark 6.94% 2036 bond ended largely unchanged on Friday at 6.9625%, but added 5 basis points this week, rising a total...
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The Reserve Bank of India (RBI) has approved Life Insurance Corporation of India (LIC) to acquire an aggregate holding of up to 9.99% of the paid-up share capital or voting rights in ICICI Bank, the private lender said in a regulatory filing on Saturday.
ICICI Bank received a copy of the RBI's approval lette...
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Reserve Bank of India Deputy Governor Shirish Chandra Murmu on Thursday told non-banking finance companies and housing finance companies to diversify their funding sources.
“Past liquidity events have shown how exposed NBFCs and HFCs can be to shifts in market sentiment and funding concentration. Strong l...
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The Reserve Bank of India (RBI) sucked out Rs 6.02 lakh crore from the banking system through variable-rate reverse repo (VRRR) auctions on Friday. It stepped up its liquidity absorption operations, as surplus funds hit a fresh record and overnight rates remained well below the policy rate.
Banking-system ...
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India’s foreign exchange reserves climbed to a fresh all-time high of $740.8 billion in the week ending August 28, extending a sharp rebuilding of the country’s external buffer after the West Asia conflict had forced the Reserve Bank of India (RBI) to draw down reserves earlier this year.
The reserves rose...
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Norges Bank, which manages Norway’s Government Pension Fund Global (GPFG), one of the world’s largest sovereign wealth funds, with over $2.3 trillion of fund value, has recommended a sweeping change to how the fund holds government bonds, including US Treasuries.
In a letter to Norway’s Ministry of Finance...
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GLOBAL CORPORATE
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Foxconn's third-quarter performance is expected to outperform market expectations given strong Al-related demand, the Taiwanese contract electronics maker said on Saturday, though it offered caution about "volatile" global politics....
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South Korea and the United States are discussing semiconductor investments in the U.S. as part of broader bilateral talks, a Seoul official told reporters on Friday.
The presidential official was responding to a question about whether planned tariffs on chips flagged by U.S. Commerce Secretary Howard Lutni...
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A Tennessee factory that Washington hadhoped to protect as part of a push to safeguard the U.S. semiconductor supply chain is at risk of closure after the Trump administration's new trade measures drove away its two remaining customers, according to sources familiar with the matter.
Germany's Wacker Chemie...
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Kenya’s decision to push Tata Chemicals out of its soda ash operations at Lake Magadi has raised fresh questions over the operating environment for Indian companies in the country, coming less than two years after the cancellation of Adani Group’s proposed airport and power projects.
However, the latest Ta...
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US President Donald Trump has threatened to stop trading with countries running a trade deficit with the United States — unless the Federal Reserve cuts interest rates. The major economic threat was delivered Friday (US time), as the Bureau of Labor Statistics reported stronger-than-expected job creation in A...
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Volkswagen will cut around 100,000 jobs and halve its vehicle offerings under an aggressive restructuring bid announced on Friday. The supervisory board of the German automobile company unanimously approved the massive cost-cutting plan, shaping up to be the carmaker’s biggest overhaul in its 89-year history....
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A surge in oil tankers crossing the Strait of Hormuz with tracking systems switched off is masking the scale of Persian Gulf supply recovery, with Goldman Sachs estimating actual exports at 15-16 million barrels per day (mb/d) against visible flows of only around 10 mb/d, even as tensions continue to disrupt ...
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GLOBAL ECONOMY
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U.S. payrolls growth likely rebounded in August as the drag from local government education reversed, but the anticipated recovery could be limited by job losses related to the termination of Temporary Protected Status for Haitian...
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Chinese banks have been buying U.S. Treasuries over the past few months after lifting dollar deposit rates, according to people familiar with the matter, moves that could help slow gains in the yuan and which come amid a spike in ...
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Bank of England Governor Andrew Bailey said on Friday that weak productivity and shocks such as COVID-19 were behind a climb in public debt across advanced economies, which in turn was pushing up borrowing costs.
"There are ver...
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Canada's economy lost 41,700 jobs in August, data showed on Friday, slowing sharply from unusually strong summer hiring, while the unemployment rate held steady at 6.4%.
The August report is the last labor force survey before t...
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U.S. job growth accelerated sharply in August while the unemployment rate held steady at 4.1%, pointing to a stable labor market and keeping an interest rate hike from the Federal Reserve this month on the table....
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U.S. equity funds recorded outflows for a second consecutive week, as rising bond yields and oil prices amid renewed Middle East tensions weighed on sentiment, though strong results from AI-related companies helped limit the sello...
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The US economy added 162,000 jobs in August, beating economists’ expectations. The unemployment rate remained unchanged at 4.1%, as per the latest data from the US Bureau of Labor Statistics....
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INDIAN CORPORATE
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After two years of sluggish growth, Hindustan Unilever (HUL) is stepping up investments to defend market share amid stiff competition from a clutch of new-age brands and changing shopping patterns. On Friday, the consumer goods gi...
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Bharat Forge’s subsidiary, Kalyani Strategic Systems (KSSL), announced some important partnerships on Thursday, after market hours. Firstly, the defence major’s subsidiary signed a memorandum of understanding (MoU) with Thales to...
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The Aditya Birla Group is increasingly positioning itself as a platform and engine for new bets, using its scale, capital, brand and knowledge of adjacent businesses to enter categories where it sees the potential to disrupt estab...
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INDIRECT TAX
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The Central Board of Indirect Taxes and Customs (CBIC) has "substantially reduced" the data and documentation requirements for businesses that opt for the Eligible Manufacturer Importer (EMI) scheme.
The simplified documentatio...
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