INDIAN ECONOMY
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Rural development minister Shivraj Singh Chouhan on Sunday called on states to suggest fresh reforms for the uplift of hinterlands, and implement extant schemes effectively.
India’s robust growth story and its vision to emerge as a developed nation by 2047, he underscored, are closely tied to the progress ...
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China's rising demand helped power India's frozen shrimp exports to a record high in FY 2025-26, while the United States retained its position as the country's largest export market, according to the Department of Commerce under the Ministry of Commerce and Industry.
It added that the "strong performance r...
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The recent easing of the West Asia crisis has sharply reduced the biggest near-term upside risk to the RBI's inflation outlook, strengthening the case for maintaining a growth-supportive monetary policy stance, Ram Singh, director of the Delhi School of Economics, said in an interview with ET. Singh, who also...
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The government is planning to create an index to monitor the performance of businesses that are not registered as companies, as part of efforts to improve the measurement and understanding of India's informal economy, according to an official.
The index, proposed by the ministry of statistics and programme...
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India has asked the European Union for relief from planned curbs on metal scrap exports as steel and aluminium makers warn the move could tighten supplies, raise costs and undermine gains from a trade pact, industry and government officials said.
From May 2027, the EU's revised waste shipment regulation is...
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Shipping through the Strait of Hormuz has staged its strongest recovery since the West Asia conflict, with 341 vessels crossing the strategic waterway in the week following the June 17 US-Iran agreement and daily transits surging to a record 78 on June 24 from just 25 on June 17. The latest tally represents 5...
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Engineering exports to key markets in West Asia staged a sharp rebound in May as the exporters found alternative routes, ports and even vessels get to the markets of the United Arab Emirates (UAE) and Saudi Arabia.
Engineering exports to UAE grew 81.7% on year to $ 1.24 billion in May after contracting 6...
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Brent Crude falling below the psychologically important $75 per barrel level is definitely good news for India. After all, imports constitute nearly 85-88% of its total crude oil requirements. While economists welcome the 22% drop in crude prices in June, they believe it is important for prices to sustain at ...
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MARKET & FINANCE
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Indian government bonds advanced early Monday as surging foreign inflows and stable oil prices blunted geopolitical worries re-ignited by a fresh burst of U.S.-Iran strikes over the long weekend.
Iran attacked U.S. bases in Kuwait and Bahrain Sunday shortly after President Donald Trump threatened that the ...
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Private equity (PE) investments in Indian real estate sector fell 23% year-on-year to $1.13 billion in the first half of 2026 against $1.47 billion in H1 of 2025 as the investors are engaging in more selective capital deployment due to elevated global interest rate, tighter financial conditions and heightened...
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China's central bank launched overnight reverse repo operations on Monday, a move markets interpreted as deepening its control over liquidity conditions and aligning its policy framework more closely with global peers.
The People's Bank of China (PBOC) said it conducted overnight reverse repos in open mark...
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Overseas investors slowed selling of Indian equities in June, with monthly outflows on track to be the lowest in this year's selling months as easing crude oil prices and receding geopolitical tensions helped improve sentiment. February was the only month in 2026 when foreign investors were net buyers.
For...
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Indian banks are likely to use fresh foreign-currency deposits mobilised from the Indian diaspora to replace expensive funding on their balance sheets before deploying the money into new lending, Axis Bank Chief Executive Officer Amitabh Chaudhry said, as lenders prepare to benefit from a recent Reserve Bank ...
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International mutual funds have offered Indian investors an opportunity to diversify beyond domestic markets and gain exposure to global businesses, sectors, and economic trends.
However, in 2026, the conversation around international investing has evolved considerably.
Unlike a few years ago, when inve...
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GLOBAL CORPORATE
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Toyota Motor said on Monday that global vehicle sales slipped for a fourth consecutive month in May, as decreases in China and the Middle East weighed on overall results.
• Global sales dropped 7.2% year-on-year to 834,279 vehicles, Toyota said in a release. Overseas sales fell 9.6%, while those in Japa...
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SpaceX and internet provider Charter Communications have held executive-level talks about partnering on a consumer mobile phone offering in the United States, Bloomberg News reported on Friday, citing sources.
• Charter Communications declined to comment to Reuters. SpaceX did not immediately respond to a ...
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Sovereign wealth funds and central banks managing $29 trillion in assets are turning to energy assets, and raising concerns about the dollar, in a portfolio reassessment driven by unprecedented geopolitical shifts, according to an Invesco survey published on Monday.
The survey of 90 sovereign wealth funds ...
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People in the Philippines are flocking to install solar power on rooftops and escape the burden of soaring electricity prices, making it the world's biggest spender on solar panels since the war in Iran started.
Top power distributor Meralco has raised prices by 10% since the Middle East conflict began in ...
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South Korea on Monday laid out a sweeping industrial strategy centred on semiconductors and artificial intelligence, as President Lee Jae Myung unveiled over $576 billion in chip investment to secure global dominance and rebalance growth.
The plan, anchored by Samsung Electronics and SK Hynix, marks Lee's ...
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The Bank for International Settlements (BIS) has flagged financial vulnerabilities associated with AI-related financing, warning that the race to capture market share may have led to overinvestment, sowing the seeds of a sector-wide bust if returns disappoint.
"This is one of the pressure points we see fac...
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China added 20 Japanese entities to its export control list for dual-use items on Monday, preventing Chinese firms from selling to them without prior approval, citing Tokyo's ambitions for "remilitarisation."
The action, Beijing's latest in a series of export curbs targeted at Tokyo, was aimed at limiting ...
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Banking
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The rush to capitalise on the Reserve Bank of India’s FCNR(B) deposit scheme is already pushing up borrowing costs, with leveraged loan rates rising 20-25 basis points as banks compete intensely for a window that bankers estimate could generate substantial foreign currency inflows.
The rate pressure is eme...
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GLOBAL ECONOMY
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Bolivia will adopt a flexible exchange-rate system, the government said on Friday, effectively devaluing the currency by ending a 15-year dollar peg in a major policy shift aimed at restoring economic stability....
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British companies expectations for growth in the coming quarter fell this month to their lowest level this year, according to a survey on Monday that added to a run of downbeat business sentiment readings....
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Japan's government will aim to entrench annual real economic growth of more than 1%, according to the draft of its long-term economic blueprint that marks an ambitious target that would more than double the current pace....
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China's factory activity likely returned to growth in June, albeit by the slimmest of margins, as the world's second-largest economy struggles for momentum despite strong demand for high-tech exports to feed the global AI boom....
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South Korean exports likely posted their strongest annual growth in nearly five decades in June, as semiconductor shipments broke fresh records in the wake of a boom in global AI investment, a Reuters poll showed on Monday....
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The global economy is facing growing risks because of record-high government debt, uncertainty over the artificial intelligence (AI) investment boom, and weaknesses in the financial system, the Bank for International Settlements (...
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INDIAN CORPORATE
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Eternal Ltd. and Swiggy Ltd. got the 10-minute delivery party going in India. Now, e-commerce titans Amazon.com Inc. and Walmart Inc.'s Flipkart are looking to crash it.
Eternal, whose Blinkit does doorstep delivery of everyth...
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Zerodha, one of India's largest brokering houses, has filed an application with the Securities and Exchange Board of India (SEBI) for a merchant banking license, which would mark the firm's foray into investment banking.
Zerodh...
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ITC Ltd has outlined an aggressive medium-term growth strategy centred on expanding its FMCG business, scaling digital agriculture, growing its fresh food and sustainable packaging businesses, while targeting net zero operations b...
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ITC's packaged food business crossed the $2-billion revenue mark in FY26, with gross sales reaching Rs 20,504 crore, according to the company's 2025-26 annual report. As the food business grew 12% year-on-year, the conglomerate's ...
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Union Minister of Commerce and Industry Piyush Goyal on Friday held a meeting with a Rolls-Royce delegation led by Chief Transformation Officer Nicola Grady-Smith, to discuss strengthening industrial and technological ties.
In ...
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Real estate developer Omaxe Limited on Monday revealed a dedicated hospitality business vertical with plans to develop 19 hotels across 4-5 years. The company plans to invest around Rs 6,200 crore to develop hospitality assets acr...
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GST
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The Central Board of Indirect Taxes and Customs (CBIC) has said that when a registered taxpayer shifts or transfers its principal place of business from one tax jurisdiction to another, the new jurisdictional authority will take over and handle all pending proceedings related to the taxpayer.
Any action or...
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As India enters the tenth year of rollout of the Goods and Services Tax, the focus is shifting from implementation to efficiency through use of artificial intelligence, data sharing and process simplification to reduce compliance costs, speed up refunds and tighten enforcement.
The government is increasing...
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