INDIAN ECONOMY
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The Reserve Bank of India will keep its key interest rate unchanged at 5.25% in August and for the rest of the year, according to a Reuters poll of economists, as it assesses the impact of the Middle East war on the economy and price pressures.
That is a shift from a May Reuters poll, when economists had f...
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India loses an estimated Rs 14 lakh crore, or 4.3% of GDP, every year to corrosion-induced damage as bridges, highways, railways, ports, power infrastructure, buildings and industrial assets deteriorate prematurely, according to a Nomura report.
The report, shared exclusively with ET, estimates the biggest...
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India’s annual trade with the United Kingdom could nearly double to $115 billion by 2030 following the implementation of the bilateral trade agreement, according to a new study by industry body ASSOCHAM.
The trade trajectory is expected to expand from about $58 billion in 2025-26, while creating an estimat...
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Even as the Indian rupee fell to multiple record lows amid the escalation of the West Asia conflict, New Delhi used its domestic currency to settle nearly $15 billion (around Rs 1.38 lakh crore) worth of imports during March-May, according to a report by The Indian Express. The figure reveals an increase in t...
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Even as India continues to engage with the United States on trade tariffs as part of the bilateral trade agreement negotiations, the Ministry of Commerce and Industry on Saturday said an estimated 45% of India’s exports to the US remain outside the purview of the additional 10% Section 301 duties imposed effe...
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Finance Minister Nirmala Sitharaman said on Sunday that Union Budget numbers for the current fiscal year might not need to be tweaked as of now, adding that there are sufficient buffers to deal with challenges arising from the war in West Asia.
“Budget numbers, I don’t think I need to reconsider as of no...
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In a move to improve how India compiles its Gross Domestic Product (GDP), the government will use the output Producer Price Index (PPI) for deflation in annual and quarterly GDP data, said Saurabh Garg, secretary, Ministry of Statistics and Programme Implementation (MoSPI).
“The ministry is planning to inc...
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MARKET & FINANCE
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Foreign portfolio investors (FPIs) turned net buyers in Indian equities in July, breaking a four-month streak of heavy outflows, even as overall flows in 2026 remain under pressure.
Net FPI equity inflows stood at nearly $1.6 billion (Rs 14,946 crore) till July 24, marking a reversal after sustained selling ...
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Indian government bonds surged at the start of the week, erasing losses from the previous week, after crude oil prices tumbled following a pause in U.S.-Iran strikes over the weekend, boosting hopes for a diplomatic resolution to the conflict.
The benchmark 6.94% 2036 bond yield was at 6.7767%, as of 10:15...
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India may now receive Foreign Currency Non-Resident (Bank) deposits in the range of USD 65-70 billion by the end of the scheme and overall USD 80-USD 85 billion, according to an SBI Research report. The total amount mobilized so far in 45 days has crossed the total amount mobilized in 2013 over a three-month ...
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The Reserve Bank of India’s reliance on the forward market to manage the rupee has become increasingly pronounced, with its net outstanding forward dollar sales touching a record $106.6 billion at May-end. The scale of the position underscores how forwards have become central to the central bank’s currency-ma...
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The digital payments boom may have transformed the way consumers pay for everything from groceries to utility bills, but one habit continues to frustrate online retailers: cash on delivery (CoD). Despite years of rapid UPI adoption, CoD still accounts for around 60% of e-commerce orders, rising to as much as ...
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GLOBAL CORPORATE
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Samsung Electronics said on Saturday it struck a pact with U.S. chip designer Broadcom to widen cooperation across memory chips, contract chip making and advanced packaging envisaged to exceed $200 billion until 2030.
Winning long-term production commitments from Broadcom, one of the world's leading custom...
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Nvidia is in talks to provide around $250 billion in financial backing for OpenAI as part of a massive data centre project, The Wall Street Journal reported on Sunday.
The proposed guarantees from Nvidia could help the ChatGPT maker lease a 10-gigawatt data centre project being developed by SoftBank’s ene...
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GLOBAL ECONOMY
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Brazil estimates that newly announced U.S. tariffs will affect 23.1% of its exports, according to a government statement released on Friday.
Of that total, 16.5% of Brazilian exports will face combined U.S. duties of 37.5%, the...
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An impending "super" El Niño is likely to inflict a combined $10 billion to $20 billion hit on affected African countries and trigger mass migration from hard-hit areas, the African Development Bank's top climate expert told Reute...
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Japan's services producer price index rose 3.2% in June from a year earlier, central bank data showed on Monday, a sign of broadening inflationary pressure that will keep alive market expectations for further interest rate hikes....
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Profits at China's industrial firms grew at a solid, though slower, pace as resilient exports helped cushion sluggish domestic demand, highlighting the economy's uneven recovery despite policymakers' efforts to spur consumption....
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The Bank of Japan is set to keep interest rates steady on Friday but leave scope for further hikes with hawkish communication, as the economy faces mounting inflationary pressure from the Middle East war, a weak yen and robust glo...
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Emerging economies already strained by the Middle East conflict face a new threat: a potentially powerful El Niño that could push up food prices and slow growth....
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INDIAN CORPORATE
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Waaree Renewable Technologies has secured two Letters of Award for engineering, procurement and construction of solar power plants with a combined capacity of 800 MWac, or 1,082 MWp, the company informed stock exchanges.
In a r...
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