INDIAN ECONOMY
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Within hours of govt estimating strong growth during April-June quarter, private sector economists started raising projections for the full year, reflecting the sustained strong growth momentum in the economy.
According to estimates from various economists, the Indian economy is expected to expand by 7-7.3%...
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Indian businesses are actively redesigning their supply chains to strengthen resilience and capture new growth opportunities, with supplier diversification, strategic inventory and digitalisation emerging as key priorities, according to a report.
The report by global logistics giant DP World, titled "The Ind...
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India's manufacturing sector expanded at its slowest pace in five years in August as demand remained soft, leading to job losses for the first time in more than two years, a survey showed. The HSBC India Manufacturing Purchasing Managers' Index (PMI), compiled by S&P Global, fell to 52.8 in August from 53.5 i...
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From Europe to Japan, India is building a wider network of agreements and arrangements to facilitate the movement of its workers abroad.
The prize for India is not just more jobs for its workforce, but potentially more dollars flowing home through remittances. The opportunity is growing as ageing populatio...
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The RBI’s inflation targeting framework (ITF) completes a decade this year. It is not just a major milestone in India’s monetary policy but also in India’s macroeconomic framework. The ITF has been successful in lowering inflation in India in its first 10 years, but big challenges remain going forward, writes...
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Exchange-traded funds (ETF) have long been known as a simple and low-cost way to invest in a market index. However, that is changing quickly.
New data from Goldman Sachs Global Banking & Markets shows that ETFs are becoming a much more advanced and widely used investment tool. At the same time, record amou...
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India’s economic growth remains resilient despite global uncertainties, with strong domestic demand, improving investment activity and robust exports providing support to the economy, Chief Economic Adviser Anantha Nageswaran said on Monday.
“As of now, strong domestic momentum and export performance have ...
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India is closely tracking global sovereign bond yields, competition for international investment capital and the risk of higher global inflation, the Finance Ministry said in its August monthly economic report.
These developments are likely to affect the domestic currency, monetary policy, interest rates ...
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India and Brazil have agreed to double their bilateral trade to $30 billion by 2030, underscoring a deepening economic partnership focused on pharmaceuticals, agriculture, energy, and expanded trade agreements.
The commitment was reaffirmed during the 8th Meeting of the India-Brazil Trade Monitoring Mechan...
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India’s services sector output growth recovered in June after slowing in May, according to the trial Index of Services Production (ISP) released on Monday by the Ministry of Statistics and Programme Implementation (MoSPI).
Twelve of the 19 sectors tracked under ISP saw higher growth in June compared to May...
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The Centre’s fiscal deficit was contained at 26.8% of the annual target in the first four months of FY27, aided by strong revenue growth even as capex surged.
The Centre’s fiscal deficit was at 29.9% of the relevant annual target in April-July of FY26.
The Centre’s net tax collections rose by a healthie...
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India’s economy grew a stronger-than-expected 7.8% in the April-June quarter despite the West Asia war and the accompanying energy price shock, as robust investment, resilient services and a pick-up in exports powered expansion.
The growth, according to data released by the Ministry of Statistics and Progr...
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MARKET & FINANCE
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The Reserve Bank of India's foreign exchange forward position surged to an all-time high of $136.7 billion in July, according to data released on Monday, driven by an influx of overseas deposits following its measures to attract dollars.
The forward position jumped by about $33 billion from June, taking it w...
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Indian government bonds tumbled on Monday, with the 10-year benchmark yield recording its biggest monthly rise of the fiscal year, as elevated oil prices and hawkish signals from the RBI were reinforced by the Federal Reserve.
The yield on the benchmark 6.94% 2036 bond ended at 6.9452%, its highest since Jun...
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The Indian rupee strengthened to nearly one-month high, supported by likely intervention from the central bank and equity-related inflows, said market participants. The domestic currency rose 21 paise to 95.17 against the dollar on Monday, its highest level since August 5, according to Bloomberg.
“The rupe...
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GLOBAL CORPORATE
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U.S. companies Chevron and GE Vernova, India's ONGC, Italy's Eni and Colombia's GeoPark are on track to sign final agreements in Venezuela after months of negotiations to firm up energy projects in the OPEC country, five sources close to the preparations said.
Most of the pacts imply completion of a six-mo...
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Anthropic has signed a cloud-computing deal worth $35 billion with Lambda, a cloud provider backed by Nvidia, for a Texas data center, a source familiar with the matter said on Monday.
The project is being developed in Nueces County by crypto-mining-turned-AI data center company Hut 8 and covers a capacity...
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Surging global demand for AI hardware kept Asia's factories humming in August, private surveys showed on Tuesday, brightening prospects for the export-reliant region even as the prolonged Middle East war fuels uncertainty and rising costs.
China, Japan and South Korea saw factory activity expand in August ...
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An unprecedented deal for the U.S. to gain access to a fifth of Venezuela's oil reserves - and the central role a Venezuelan businessman will play - is prompting questions and hesitation from some oil companies evaluating potential investments in the country, sources familiar with the situation told Reuters.
...
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Banking
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Bank lending saw a broad-based acceleration in July, with non-food bank credit growing 19.1 per cent year-on-year in the fortnight ended July 31, 2026, compared with 9.9 per cent in the same fortnight a year earlier, according to Reserve Bank of India data.
The increase was visible across the major sectors t...
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GLOBAL ECONOMY
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German inflation rose in August on higher energy prices due to the Iran conflict, but the increase was less than expected and core inflation stabilised, easing concerns that price pressures from the war could spread more widely th...
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South Korea's exports surged 68.7% in August from a year earlier, extending their winning streak to a 15th consecutive month and outpacing analysts' forecasts as the economy continued to ride a wave of global technology demand....
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Japan's manufacturing sector picked up in August as new business grew at the fastest pace since January 2018 on solid demand for semiconductors and AI-related products, a business survey showed on Tuesday....
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South Korea's factory sector recorded a ninth consecutive month of activity growth in August, underpinned by robust export demand, a survey showed on Tuesday....
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South Korea on Tuesday unveiled its most aggressive fiscal spending plan on record, setting total government expenditure for 2027 at 821 trillion won ($596.92 billion) to strengthen the country's technological edge amid the global...
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s manufacturing sector expanded at a faster pace in August as output, new orders and exports all accelerated, a private-sector survey showed on Tuesday....
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Japan's benchmark 10-year bond yield hit 3% on Tuesday for the first time since September 1996, pushed higher by investor concerns about inflation, fiscal health and mounting pressure on the central bank to hike interest rates fas...
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German retail sales fell more than expected in July, decreasing by 3.4% compared with the previous month, data showed on Tuesday.
Analysts polled by Reuters had predicted a 0.4% increase....
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INDIAN CORPORATE
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A five-member special National Company Law Tribunal (NCLT) bench, constituted to hear the personal insolvency case of Subhash Chandra, on Tuesday issued notices to all the parties and directed the Essel Group chairman not to alien...
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ONGC chairman and CEO Arun Kumar Singh on Monday said the exploration and production company will invest Rs 1 lakh crore in deepwater and ultra-deepwater exploration in offshore basins.
Talking to reporters after AGM, Singh said ...
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Bajaj Auto on Tuesday reported a 28 per cent rise in total sales to 5,35,764 units in August compared to 4,17,616 units in the same month last year.
Total domestic sales increased 10 per cent to 2,55,708 units last month, as agai...
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Maruti Suzuki will invest Rs 77,500 crore between FY27 and FY31 as the country’s largest carmaker prepares for higher vehicle demand, with the spending earmarked for capacity expansion, new models, research and development, plant ...
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Sun Pharmaceutical Industries has signed on to a set of pricing and access commitments with the United States government, agreeing to extend Most Favoured Nation pricing to state Medicaid programmes.
The Mumbai-headquartered d...
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Telecom equipment maker HFCL has signed a three-year agreement to supply optical fibre cables to an international customer. The contract is worth about $244 million, or roughly Rs 2,329 crore. The company disclosed the development...
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ITC Infotech, a wholly-owned subsidiary of diversified conglomerate ITC Ltd, will acquire a 22.1 per cent stake in IT firm Happiest Minds Technologies for about Rs 1,330 crore, as part of a strategic deal to merge the two companie...
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COMMERCIAL LAW
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The government is considering easing Foreign Direct Investment (FDI) norms in the defence sector to facilitate more projects where global giants can participate, sources said.
The Department for Promotion of Industry (DPIIT) is...
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GST
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India's gross Goods and Services Tax (GST) revenue rose 14.8% year-on-year to Rs 1,99,853 crore in August 2026, compared with Rs 1,74,116 crore collected in the same month last year, according to provisional government data released on Tuesday.
However, GST collections declined from Rs 2.11 lakh crore in Jul...
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Insolvency
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A modern economy is built on three foundational aspects comprising the freedom to enter, to operate on fair and neutral terms, and to exit a business. The first two draw most of the attention, but the third is quieter and equally ...
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