September 11, 2026

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INDIAN ECONOMY

GST data to track Andhra Pradesh’s economic growth live

Commercial Taxes Department Chief Commissioner Babu A has said that the State is leveraging GST and related commercial tax data to develop a real-time mechanism for assessing economic activity and estimating Gross Value Added (GVA) across key sectors. Addressing the 8th Collectors’ Conference at the Secret...

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India's new-age economy to triple to $300 billion by FY31: Redseer report

India's new-age economy is projected to triple to USD 300 billion in revenue by financial year 2030-31, closely approaching the scale of the country's IT services sector, according to a report by Redseer Strategy Consultants. A new-age economy is driven by AI, knowledge capital, and digital innovation. ...

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BRICS Business Forum 2026: Piyush Goyal urges nations to open markets, cut trade barriers and link payment systems

Commerce and Industry Minister Piyush Goyal on Friday called on BRICS countries to open their markets to each other, cut non-tariff barriers and link their payment systems, pitching deeper economic integration as the grouping seeks to build more resilient supply chains and navigate a fragmented global economy...

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New-age industries fuelling India's capex cycle, says SBI chief

Corporate spending on large infrastructure projects is picking up in India, with new-age sectors such as data centres, green hydrogen and electric vehicles emerging as important drivers of credit demand, Ashwini Kumar Tewari, managing director at State Bank of India Ltd., told Bloomberg Television in an inter...

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IMF says India remains growth engine for world, monitoring impact of higher oil prices

India remains a growth engine for the global economy, the spokesperson for the International Monetary Fund said ?on ?Thursday, noting ?that India's second-quarter growth of 7.8% was higher than expected by IMF staff. Spokesperson Julie Kozack told reporters that India's growth was ?driven by ?stronger-than...

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BRICS Summit 2026: Putin’s India visit puts trade, defence and Ukraine peace efforts in focus

Russian President Vladimir Putin arrived in India on Friday for a three-day visit that will see him meet Prime Minister Narendra Modi and attend the BRICS summit, with bilateral trade, investment, energy and defence ties expected to dominate the agenda. Putin, who is travelling with a high-level delegation, ...

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Electricity, not oil, should define growth

Many commentators have recently spoken about the idea of an “electrostate”. Some see it as a country powered by renewable energy. Others view it as a manufacturing hub for batteries, solar panels, and green hydrogen. My definition is broader. An electrostate is an economy that organises its growth model ar...

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BRICS Summit 2026: India sets agenda on trade, AI, payments and economic resilience

The BRICS Business Forum kicked off in Delhi on Friday, setting the stage for the 18th BRICS Summit on September 12–13, 2026. Business leaders, ministers and heads of state from Brazil, Russia, India, China, South Africa and partner countries are gathering to shape the grouping’s economic agenda under India’s...

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India’s crude oil basket crosses $100: Is the spike temporary or will it push up fuel prices?

The surge in global crude oil prices is taking a toll domestically, as recently, the Indian crude oil basket breached the $100-a-barrel mark after nearly four months. This reflects a rise of nearly 28% from its July low of $82/bbl. In international markets, Brent crude futures are hovering near their month...

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BRICS meet may set stage for India-China economic reset

The outcome of a scheduled bilateral meeting between Prime Minister Narendra Modi and Chinese President Xi Jinping will be as closely watched as the New Delhi Declaration that will follow the 18th BRICS Summit here from September 12 to 13. Modi will also meet Russian President Vladimir Putin on the sidelin...

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GLOBAL CORPORATE

Premier Energies inks JV with Germany’s RCT Group for 12 GWh battery storage facility in Telangana

Premier Energies, one of India’s largest integrated solar manufacturers, has signed a binding term sheet with RCT India, part of Germany’s RCT Group, to set up a joint venture for battery energy storage system (BESS) manufacturing in Telangana. The company disclosed the development in a regulatory filing to t...

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Europe Drives Global EV Sales Growth in August, Offsetting China, North America Weakness

Global demand ?for ?electric vehicles rose ?for a sixth consecutive month in ?August, with Europe leading the growth, data from ?UK-based research firm Benchmark ?Mineral Intelligence showed on Friday. Sales of ?battery-electric ?and plug-in hybrid vehicles show growing differences between ?major markets. ...

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German Corporate Insolvencies Hit 13-Year High in First Half

The ?number ?of corporate insolvencies ?in Germany rose to a 13-year ?high in the first half of 2026 ?despite signs of a ?nascent recovery in Europe's largest ?economy, ?figures from the federal statistics office showed on Friday. Local ?courts reported 12,812 corporate insolvency filings from January to J...

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GLOBAL ECONOMY

IMF Say Global Growth on Track to Reach 3% in 2026, but Risks Remain High

The ?IMF on ?Thursday said the global ?economy had weathered the energy ?shock caused by ?the war in ?the ?Middle East better than feared and global ?economic output was still expected to expand by ?about 3% in 2026, but it ?cauti...

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New Zealand August Manufacturing Activity Eases but Stays in Expansion Territory

?New Zealand's ?manufacturing activity continued ?to expand in August, ?though at a ?slower ?pace ?than the previous month, as businesses ?cited cost-of-living pressures and the Middle ?East conflict as factors ?weighing on ?growt...

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Japan's Wholesale Inflation Stays Elevated in August, Boosts Case for Rate Hike

apan's wholesale ?inflation ?remained elevated in August, data ?showed on Friday, highlighting mounting price pressures that cement ?the case for the central bank to raise interest rates this month. The data follows ?recent haw...

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Japan Core Inflation Seen Steady at 1.8% in August: Reuters Poll

Japan's core consumer ?inflation ?likely held steady in ?August as the impact of higher oil prices ?from the Middle East conflict was offset by government subsidies, a ?Reuters poll showed on ?Friday. Here are a few details: ...

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Global Bond Selloff Pushes 10-Year US Yield Toward 5% on Oil, Rate-Hike Fears

A global bond selloff pushed U.S. 10-year Treasury yields near the ?closely ?watched 5% level on Friday as inflationary fears stemming from ?oil prices surging well beyond $100 a barrel and rising odds of a near-term U.S. rate hik...

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UK Economy Grows at Fastest Pace Since February 2025 on Possible AI Boost

Britain's economy grew at the fastest annual ?pace ?in 18 months in July, helped by ?a boost from artificial intelligence and extending a strong first-half performance despite headwinds from the ?U.S.-Iran war, official figures sh...

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French Economy Not in Danger but Deficit Must Be Cut, Central Bank Chief Says

French central ?bank ?chief Emmanuel Moulin ?said on Friday that France was ?not in catastrophic economic danger but the government must ?act to reduce the ?country's public deficit. Moulin was speaking after ?INSEE ?revised it...

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Austrian Central Bank Says Economic Outlook Improving, to Be Felt Next Year

Austria's central ?bank ?has trimmed its ?economic growth forecast for the country ?in 2026 due to a weaker-than-expected first six months ?of the year, but ?raised it for next year as ?the ?outlook is improving, it said on Friday...

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BRICS Business Forum 2026: Jaishankar calls for resilient supply chains, predictable business environment across BRICS countries

External Affairs Minister S Jaishankar on Friday called for more predictable business environments, resilient supply chains and diversified trade relationships across BRICS nations, saying the grouping’s economic strength would in...

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US unemployment claims dip to 206,000 as layoffs continue to remain rare

Slightly fewer Americans filed for unemployment claims last week as jobless claims remain at historically low levels and layoffs are still relatively rare. Filings for benefits dipped to 206,000 last week from a revised 207,000 t...

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US wholesale prices rise in latest sign of stubborn inflation as oil prices continue to climb

Wholesale inflation picked up last month after cooling earlier this summer as higher oil and gas prices stemming from the Iran war keep costs elevated. ...

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US Bond Crisis Deepens: $40 trillion debt vs $6 billion Treasury buyback

US Treasury bond yields hit multi-year highs on Thursday and showed no signs of cooling off. The yield on the 10-year US Treasury bond trades over 4.93%, its highest level since October 2023, while the 30-year US Treasury bond tra...

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ECB hikes key rates as Iran war sends oil above $100; inflation fears surge

The European Central Bank delivered its second interest rate increase of the year on Thursday (September 10). It raised its benchmark deposit rate by 25 basis points to 2.50% as the Iran war fuelled inflation and renewed concerns ...

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INDIAN CORPORATE

Vodafone Idea shifts from survival mode to comeback

Vodafone Idea is beginning to look beyond survival. After years of financial stress, subscriber losses and uncertainty over its ability to remain a meaningful player in the market, the telecom operator is stepping up investments, ...

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