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INDIAN ECONOMY
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As India's merchandise trade deficit with Japan nearly tripled from $5.18 billion in 2015-16 to $15.4 billion in 2025-26, the government is reviewing the existing free trade agreement (FTA) with the island nation. While officials acknowledge that it is difficult for Indian exporters to make significant inroad...
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India's crude oil basket has fallen below pre-conflict levels in West Asia, averaging $67.88 per barrel so far in July, according to data from the Petroleum Planning and Analysis Cell (PPAC). The data showed that the Indian crude basket, which represents the average cost of crude oil imported by the country, ...
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The newly launched Viksit Bharat-Guarantee for Rozgar and Ajeevika Mission (Gramin) (VB-G RAM G), which replaces the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA), promises higher rural incomes through 125 days of guaranteed employment and increased wages, but its long-term impact on India'...
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India and the European Union (EU) are working together to finish the legal scrubbing of their Free Trade Agreement (FTA) in the next 15-20 days, Commerce and Industry Piyush Goyal said Monday.
“I had a very good conversation with my counterpart (EU Trade Commissioner Maros Sefcivic) on Sunday. I am meeting...
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The next phase of the global economic order could be shaped by countries that act as connectors across geopolitical divides, creating a unique opportunity for India to emerge as a connector economy, Mahindra Group Chairman Anand Mahindra said on Monday, highlighting that the current period of prolonged global...
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Sowing of key kharif crops – rice, pulses, oilseeds and cotton – seems lagging with overall sown area being 35.08 million hectare (Mha) as on Monday, down 21% year-on-year.
According to the Agriculture Ministry, total sowing was about 32% of the normal area of 110 mha in that window. By the same time a yea...
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MARKET & FINANCE
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Indian government bonds traded range-bound early Tuesday, pausing a three-session rally, as traders awaited a large state-debt auction. The benchmark 6.94% 2036 bond yield was at 6.6816% as of 10:45 a.m. IST, near a four-month low and barely changed from Monday's close. The 10-year yield fell 7 basis points i...
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India’s Unified Payments Interface (UPI) will be integrated with Indonesia’s payment system, Prime Minister Narendra Modi announced, saying the move will make doing business and travelling between the two countries easier.
"We are delighted that India’s UPI is set to be integrated with Indonesia’s payment ...
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Gulf sovereign funds invested $1.7 billion in India in the first half of 2026, defying heightened geopolitical tensions due to the Iran war and fears the conflict would curb their appetite for overseas deals. It was the most for half a year after 2024. The region’s share in overall investment in the country b...
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GLOBAL CORPORATE
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South Korean technology giant Samsung Electronics forecast Tuesday a massive 19-fold jump in second-quarter operating profit from a year earlier, buoyed by sustained AI-driven demand for memory chips.
The world's largest memory chipmaker estimated April-June operating profit at 89.4 trillion won ($58.4 bil...
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Toyota Motor Corp said on Monday it will build a new $3.6 billion auto plant in Texas and shift some truck production to the United States from Mexico.
The Japanese automaker said the new 2.5-million-square-foot building will be located on its San Antonio manufacturing campus and will open by 2030, creatin...
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A shortage of critical minerals is starting to affect the broader Japanese economy, adding a sense of urgency for Prime Minister Sanae Takaichi's government to find alternatives to exports that China has cut off, according to recent corporate filings.
China dominates the global market for rare earths - whi...
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Meta Platforms said in a court filing on Monday that four states were seeking $1.4 trillion in penalties over accusations the company designed its Facebook and Instagram platforms to addict young users and misled the public about their safety.
Meta put forward the figure in its response to the attorneys ge...
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Smartphone sales in China fell 13% year-on-year during the month-long 618 shopping festival, as brands raised prices to offset higher memory costs, according to data from Counterpoint Research.
Sales declined from May 26 to June 21, with all major Chinese brands except Huawei posting double-digit drops as ...
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U.S. chip design giant Synopsys plans to stop offering a suite of manufacturing process control software used by global semiconductor makers, six sources briefed on the matter said, as it seeks to divert resources to higher-margin offerings such as AI design....
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Microsoft has announced that it will lay off around 4,800 employees, which is about 2.1% of its global workforce. The company confirmed the move on Monday. Most of the job cuts will affect Microsoft’s sales division and its Xbox gaming business. Before these layoffs, Microsoft had more than 220,000 employees ...
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Banking
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Private sector banks far outpaced public sector peers on deposit mobilisation in the June quarter, with a 3.6-percentage point gap between the two, showed proforma numbers issued by 15 private and nine state-run lenders.
Private banks grew deposits 14.3% year-on-year during the period, ahead of a 10.7% inc...
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Private sector banks wrote off about half of their bad loans in 2025-26 to cleanse the balance sheet primarily targeting the unrecovered unsecured loan exposure in the microfinance and consumer credit segments, people aware said.
The Reserve Bank of India's financial stability report showed that the write-...
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HSBC is pulling back from riskier private credit lending, becoming the latest bank to rein in exposure to the sector after a string of high-profile bankruptcies raised concerns over underwriting standards, the Financial Times reported on Tuesday.
The bank has told some clients it will not renew their lendi...
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Private sector banks far outpaced public sector peers on deposit mobilisation in the June quarter, with a 3.6-percentage point gap between the two, showed proforma numbers issued by 15 private and nine state-run lenders.
Private banks grew deposits 14.3% year-on-year during the period, ahead of a 10.7% inc...
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Large companies are returning to banks for funding as private-sector capital expenditure gathers pace and rising commercial paper (CP) rates make bank loans more attractive.
Bank credit outstanding to large corporates jumped 14.4% year-on-year to Rs 31.10 lakh crore as of May 31, 2026, according to the Res...
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GLOBAL ECONOMY
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Canada's services economy contracted in June as geopolitical uncertainty and elevated prices dampened demand, S&P Global's Canada services PMI data showed on Monday....
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Canadian businesses scaled down expectations of high inflation after a ceasefire in the Middle East, and trade worries abated, a quarterly Bank of Canada survey of leaders showed on Monday. ...
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U.S. Federal Reserve Governor Christopher Waller said on Monday that high inflation is the chief risk facing the Fed given a labor market that remains stable....
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A quarter of a century since he spotted the growing clout of emerging-market countries, the economist who coined the BRIC acronym said those countries could eventually build alternatives to the dollar, an idea which had seemed a "...
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Bao Zhang began driving for a Chinese ride-hailing app this year after losing his job as a software tester and says the weak job market gives him little hope of returning to the tech sector....
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German industrial production rose more than expected in May driven by a strong increase in automotive production.
Industrial output increased by 0.9% compared to the previous month, the federal statistics office said on Tuesday...
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U.S. services sector activity dipped in June as some of the boost from businesses rushing to place orders amid the Middle East war ebbed, but employment rebounded after contracting for three straight months, pointing to continued ...
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INDIAN CORPORATE
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wal is preparing to write Vedanta's next growth chapter
We choose difficult businesses, but they are also the right businesses to be in,” says Anil Agarwal.
Few sectors test that conviction like natural resources, where fortun...
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When Gautam Adani entered cement in 2022 through the acquisition of Ambuja Cements and ACC, many saw it as a natural extension of his infrastructure ambitions. His subsequent move into copper through Kutch Copper reinforced the vi...
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State-owned Life Insurance Corporation of India (LIC) has highlighted stronger profitability, improving margins and sustained market leadership in its latest investor presentation, released ahead of meetings with institutional inv...
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Renewable energy firm Premier Energies has bagged order wins worth Rs 3,011 crore for the first quarter of financial year 2027, the company said in its regulatory filing. These contracts comprise supply of solar cells scheduled ac...
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