INDIAN ECONOMY
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India has overhauled its global tax reporting framework to reflect the rapid evolution of digital finance, expanding foreign account tax compliance Act (FATCA) and common reporting standard (CRS) implementation rules to cover specified crypto-assets, central bank digital currency (CBDC) and digital money prod...
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India’s Chief Economic Advisor, V. Anantha Nageswaran, on Monday called for treating water as critical infrastructure on par with roads and power, arguing that climate-driven volatility, rather than absolute scarcity, has emerged as the biggest challenge to economic activity....
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The Reserve Bank of India’s (RBI) three-day monetary policy committee (MPC) meeting has begun on August 3 and will end on August 5. In a situation where crude prices have seen wild swings in the past few months and monsoon has been erratic, the street is keenly awaiting the policy decision by the RBI MPC. The...
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MARKET & FINANCE
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In 1991-92, when Dhirubhai Ambani became India’s first self-made dollar billionaire, he was nearly 60. The journey involved decades of licence-raj navigation and running textile mills and refineries.
Eight years later, Azim Premji joined the club when Wipro’s IT valuation exploded during the dot-com boom. ...
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Japan and the United States will "certainly" conduct joint intervention again if the yen shows signs of resuming its downtrend, said Atsushi Takeuchi, a former central bank official involved in Tokyo's market forays more than a decade ago.
The yen held gains above recent 40-year lows on Monday after the tw...
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Market participants are closely watching foreign portfolio investor (FPI) activity in fully accessible route (FAR) securities as some investors, who had bought into them in anticipation of their inclusion in the Bloomberg global bond gauge, are expected to lighten positions accumulated over the past two month...
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Japan's benchmark 10-year government bond (JGB) yield climbed on Tuesday after a weak debt auction highlighted fragile investor appetite, reversing earlier declines and approaching its highest level in about a month as concerns over the country's fiscal outlook and the Bank of Japan's policy trajectory contin...
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A surge in dollar demand from Indian lenders racing to boost the leverage on foreign currency deposits they are offering to overseas citizens is firing up its dollar bond and loan markets, with global banks rushing to capture the business, according to people familiar with the matter.
Mitsubishi UFJ Financ...
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The relative outperformance of Taiwan and South Korea over last one year within the EM basket led by strong rally in AI related stocks has diverted a disproportionate share of global capital to these markets with their combined weight accounting for roughly 50% of MSCI EM Index. Indias’ weight in EM Index sli...
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The Foreign Currency Non-Resident (Bank) deposits in the Indian banking system have witnessed a huge surge in under 60 days. This comes as the Reserve Bank of India’s concessional swap facility, introduced on June 8, has helped push the FCNR(B) outstanding balance to nearly double between June 5 and July 30, ...
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The Centre will sell up to a 6.5% stake in state-run insurance behemoth Life Insurance Corporation (LIC) on Tuesday-Wednesday to raise around Rs 31,400 crore at a floor price of Rs 382 per share.
“Offer for Sale in LIC opens tomorrow for non-retail investors. Retail investors can bid on Wednesday,” the Dep...
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GLOBAL CORPORATE
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Manufacturing activity in China slowed in July as the 5-month-long war in the Middle East delivered weaker demand and elevated costs for the exporting powerhouse — a situation mirrored across much of Europe — surveys showed on Monday....
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Private equity firm KKR said on Monday it had closed a record $19.2 billion infrastructure fund focused on investing in assets primarily in North America and Western Europe....
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U.S. oil exports in July fell to 3.66 million barrels per day, the lowest level in eight months, ship tracking data showed, as a short-lived peace deal between the U.S. and Iran in June briefly flooded markets with Middle Eastern oil and diminished demand for American crude abroad....
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Toyota, the world's biggest automaker, on Tuesday raised its annual operating profit forecast by 13% to reflect a much softer yen and announced a share buyback of up to 1 trillion yen ($6.3 billion)....
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Banking
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The government on Monday introduced the Bankers’ Books Evidence Bill, 2026, in the Lok Sabha to expand the definition of “bankers’ books” to include all forms of records maintained by banks, covering physical, electronic, digital, virtual, cloud-based or any other format.
This is intended to create a compr...
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GLOBAL ECONOMY
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The U.S. Treasury said on Monday it expects to borrow $739 billion in the third quarter, $68 billion more than it projected in May, as lower projected cash flows were only partly offset by a higher-than-assumed starting cash balan...
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Singapore's Grab raised its annual revenue and profit forecasts on Tuesday, encouraged by strong demand for its ride-hailing and delivery services driven by promotional offers, driver incentives and its AI initiatives....
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South Korea's consumer inflation softened to a three-month low in July, coming in below market expectations on a fall in oil prices, though policymakers remained wary of upward pressures and markets did not rule out a possible bac...
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Japan has seen only moderate rises in consumer prices so far with the pass-through of higher costs from the Middle East conflict remaining limited, Economy Minister Minoru Kiuchi said on Tuesday, offering a sanguine view on inflat...
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U.S. manufacturing activity increased to the highest level in more than four years in July amid strong order growth, boosting factory employment, though the Middle East conflict is straining supply chains and keeping input costs e...
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INDIAN CORPORATE
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Sony will steer clear of the bruising price war between South Korean and Chinese television makers, relying instead on technology-led differentiation as the global TV industry faces margin pressure from falling prices and rising c...
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Tata Group’s battery unit is gearing up to make cells using its own technology for the first time as China’s tighter curbs spur the Indian conglomerate to seek self-sufficiency, according to people familiar with the matter.
The...
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Larsen & Toubro (L&T) has announced that its hydrocarbon offshore business, L&T Energy Hydrocarbon Offshore (LTEH Offshore), has secured an ‘ultramega’ order worth more than Rs 15,000 from ADNOC Offshore for a major offshore proje...
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Godrej Properties reported a net profit of Rs 349.38 crore in Q1FY27, down 41.61% year-on-year (YoY) from Rs 598.40 crore reported in Q1FY26.
Revenue from operations, however, increased 16.48% YoY to Rs 506.17 crore, compared w...
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Essar Group is advancing a £4.3-billion investment pipeline at its Stanlow Manufacturing Complex in the UK, as it plans to turn the refinery into an energy-transition hub and assess commercial data-centre development powered by on...
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Recently listed SBI Funds reported a 39% rise in its net profit in Q1FY27. The fund house saw its consolidated net profit rise from about Rs 634 crore to Rs 880 crore on a quarter-on-quarter basis. Majority of this rise was due to...
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