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RBI
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28
May
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RBI/2026-27/93
(Delhi)
Implementation of Section 51A of UAPA, 1967: Updates to UNSC’s 1267/ 1989 ISIL
(Da'esh) & Al-Qaida Sanctions List: Removal of 7 Entries
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28
May
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RBI/DOR/2026-27/94
(Delhi)
Reserve Bank of India (Urban Co-operative Banks - Governance) Amendment Directions, 2026
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28
May
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RBI/DOR/2026-27/95
(Delhi)
Reserve Bank of India (Rural Co-operative Banks - Governance) Amendment Directions, 2026
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INDIAN ECONOMY
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The Reserve Bank of India in Friday's monetary policy review revised its inflation forecast upward for FY27, reflecting the sharp uptick in food prices and retail inflation readings amid the ongoing West Asia crisis.
Amid global uncertainties, the RBI has projected consumer price inflation (CPI) at 5.1% fo...
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The Reserve Bank of India on Friday lowered its FY27 GDP growth forecast to 6.6% from 6.9%, citing rising risks from the ongoing West Asia conflict, elevated energy prices, supply disruptions and weather-related uncertainties, while keeping the benchmark repo rate unchanged at 5.25%.
The central bank now e...
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The Reserve Bank of India on Friday unveiled a series of measures aimed at attracting more foreign capital into the country, as policymakers seek to strengthen external finances amid global uncertainty and pressure on the rupee.
The steps, announced by Governor Sanjay Malhotra after the monetary policy dec...
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India and the US on Thursday wrapped up another round of discussions on an interim trade deal, as both sides sought to bridge gaps in their respective positions. A statement issued by the government after the conclusion of the bilateral talks that began on Monday was, however, non-committal on whether India’s...
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Aditya Birla Group Chairman Kumar Mangalam Birla said India is passing through a historic phase of transformation that offers a once-in-a-generation opportunity to emerge as a global economic powerhouse. While speaking at the public valedictory of the RSS Karyakarta Vikas Varg-Dwitiya at Reshimbagh Ground in ...
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The newly elected United Democratic Front (UDF) government on Thursday tabled a White Paper on Kerala’s finances in the state Assembly, revealing mounting public debt, rising liabilities and persistent treasury stress that together paint a worrying picture of the state’s fiscal health.
According to the rep...
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India and Venezuela on Thursday agreed to deepen energy cooperation and explore a long-term partnership across the oil sector, as New Delhi ramps up crude diversification and Venezuela emerges as one of the country’s fastest-growing sources of crude supplies.
At a press conference following Prime Minister ...
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The government is reinforcing its import substitution policies, even as tariffs for foreign goods are being whittled down under a flurry of bilateral free trade agreements. It has constituted six working groups to finalise a list of 100 products currently not being manufactured in India at the required scale ...
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At a time when global uncertainties continue to keep financial markets on edge, the Reserve Bank of India (RBI) has announced a slew of measures aimed at attracting more foreign capital into the country.
The announcements came alongside the central bank’s latest monetary policy decision, where the Monetar...
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MARKET & FINANCE
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The Reserve Bank of India's move to increase the limits for investment in India's equity markets by non-resident Indians (NRIs), individual Persons Resident Outside India (PROIs) and overseas citizens of India (OCIs) with SEBI registration is not likely to move the needle on foreign flows.
The limit for in...
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HDFC Mutual Fund has imposed temporary restrictions on investments in its gold exchange-traded fund (ETF) schemes amid heightened interest in gold-backed assets. The fund house said it will stop accepting subscription transactions from large investors directly into HDFC Gold ETF from June 8, 2026. The restric...
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Banking and financial services companies foresee AI-assisted decision-making and real-time fraud prevention becoming common in the near future, as early adopters move beyond experimentation to operational deployment, according to the ET-Cisco AI Readiness & Adoption survey for the BFSI sector.
Meanwhile, t...
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Japan's Nikkei share average retreated on Friday for a second consecutive session after closing at a record high earlier this week, as momentum slowed in the red-hot technology sector.
The benchmark Nikkei 225 Index sank 1.3% to close at 66,588.12, eking out a 0.3% gain for the week. The broader Topix slid...
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India should stop “selling itself short” over near-term economic challenges as its long-term growth trajectory remains firmly intact, said Jane Fraser, Chair and Chief Executive Officer of Citi, on Thursday.
“India’s got to stop selling itself short. There are some short-term headwinds, but the long-term I...
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Artificial intelligence has become the defining investment story of the past two years, lifting stock markets, creating trillion-dollar companies and driving unprecedented demand for advanced chips. However, billionaire investor Ray Dalio believes the excitement surrounding AI is also showing familiar signs o...
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GLOBAL CORPORATE
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Goldman Sachs expects revenue from SpaceX's AI division to surge to $322 billion by 2030, up from $3.2 billion in 2025, according to the Wall Street bank's forecasts shared with a potential investor, the Financial Times reported on Thursday.
The investment bank has estimated SpaceX's total revenue to reac...
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China's major solar panel manufacturers are ramping up higher-margin battery exports to boost revenue as growth in photovoltaic (PV) sales slows, betting on rising global demand for renewable energy storage to cut reliance on fossil fuels.
The sector has been hit by weaker domestic installations, slowing e...
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Senior U.S. officials held preliminary discussions with major AI companies about the potential for the government to buy some shares in their firms, digital news outlet NOTUS reported on Thursday, citing three people familiar with the matter.
While the planning is ongoing and details are in flux, discussio...
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Airbus delivered 81 aircraft in May, up 59% from the same month last year and bringing its total deliveries to 262 so far this year, the planemaker said on Friday in its monthly report.
May's tally rose sharply from 67 in April and 51 in May 2025, confirming a Reuters report from Thursday, as deliveries to...
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The growth of artificial intelligence is putting huge pressure on the global semiconductor industry, and the strain may not ease anytime soon. According to Taiwan Semiconductor Manufacturing Company (TSMC), the world’s largest contract chipmaker, demand for advanced chips continues to exceed what the company ...
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The artificial intelligence boom has created a new group of ultra-rich tech founders. AI startup Anthropic announced on Thursday that it had raised $65 billion in fresh funding. With this, the company’s valuation has skyrocketed to a staggering $965 billion. Anthropic has now overtaken its biggest rival, Open...
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RBI
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The Reserve Bank of India (RBI) on Friday unanimously voted to keep the benchmark repo rate unchanged at 5.25 per cent, with the Monetary Policy Committee (MPC) retaining its neutral stance as policymakers weighed mounting inflation risks from elevated crude oil prices, a weakening rupee, and concerns over a ...
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GLOBAL ECONOMY
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Mexico's economy could grow more than the OECD's latest forecast, Finance Minister Edgar Amador Zamora said in an interview with newspaper Milenio published late on Wednesday, arguing that a planned surge in public investment and ...
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San Francisco Federal Reserve President Mary Daly on Thursday said that while she believes AI over a five- to 10-year window could be a deflationary force, the effect is "not a pressing issue" for monetary policy which operates on...
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Japan's real wages climbed 1.9% in April from a year earlier, government data showed on Friday, marking a fourth consecutive monthly gain, as higher special payments boosted overall earnings and improved household purchasing power...
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The European Central Bank is expected to hike interest rates next week, becoming the first of the biggest central banks to do so since the Iran war unleashed an energy crisis that is stoking inflationary pressures in the euro zone...
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U.S. employment growth likely moderated in May after two straight months of strong gains, but the pace would probably remain consistent with stable labor market conditions.
Economists expected the Labor Department's closely wat...
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INDIAN CORPORATE
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Australia's AirTrunk said on Friday it would invest $30 billion in India within the next four years to build out 5 gigawatts of new data centre capacity in the South Asian nation.
Sydney-headquartered AirTrunk, backed by Blacks...
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Share price of Bharat Heavy Electricals (BHEL) rose more than 2% as the company announced it has bagged an order worth Rs 21,000 crore for the development of a thermal power plant in Uttar Pradesh.
BHEL: Order key details
BHE...
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India’s IT services company, Tata Consultancy Services (TCS), has announced a strategic partnership with Finland-based premium tyre maker Nokian Tyres to expand the use of artificial intelligence (AI) across its IT operations.
...
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Rajesh Exports, which came under scrutiny after the Indian markets regulator alleged inflated financial disclosures, has refuted the claims. The revenues declared are correct and there is no over-statement of the same, the company...
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Tata Sons, the holding company of $150-billion Tata Group, infused an additional Rs 5,166 crore into loss-making telecom subsidiary Tata Teleservices during FY26, thus increasing its stake in the unlisted company to 94.3% and help...
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COMMERCIAL LAW
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The Foreign Direct Investment (FDI) equity inflows into the country increased 18% on year to $ 58.8 billion in 2025-26 with major boost provided by investors in computer software and hardware sectors, an analysis by the Department...
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