INDIAN ECONOMY
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Growth in rural commercial vehicle (CV) registrations (retail sales) outpaced urban sales every month between April and July 2026, according to data from the Federation of Automobile Dealers Associations (Fada).
In April, rural sales surged 20.25 per cent year-on-year (Y-o-Y) versus 10.22 per cent for urba...
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As the economy recovered from the Covid-19 pandemic, household spending in 2024-25 showed a further shift towards non-essential discretionary goods and services, many of which had witnessed a decline earlier, signalling growing premiumisation and a potential boost to government revenues, reported TOI
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The outcome of the 30-day variable rate reverse repo (VRRR) auction to absorb ?7 lakh crore will be a key determinant of how the Reserve Bank of India (RBI) manages the record ?10.5 lakh crore of liquidity generated by the FCNR(B) scheme.
Market participants said the central bank may have to deploy additiona...
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India’s record-breaking diaspora fundraising drive may prove costly for the country’s central bank, leaving it with a potential $10.6 billion price tag, according to economists.
The Reserve Bank of India’s (RBI) special deposit program drew far more money than expected, with inflows set to rise further onc...
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Gujarat is reshaping its economic roadmap, moving beyond traditional manufacturing and heavy industry to place artificial intelligence (AI), semiconductors and green energy at the core of its future growth. Chief Minister Bhupendra Patel also unveiled an ambitious industrial roadmap last month — predicting th...
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India has emerged as a key diesel supplier to Europe, accounting for around 60% of the fuel transiting the strategic Bab-el-Mandeb route to the region in August. This comes as Russian exports remain severely constrained and US shipments begin to decline....
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States’ aggregate capital expenditure (capex) likely grew at half the pace in April–July of the current financial year compared with the year-ago period, partly due to a monsoon-induced slowdown.
Going by the finances of 20 large states reviewed by FE, their capex during April-July 2026-27 rose 10.7% year-...
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Russia is now buying back petrol from India even as it supplies 2.5-2.6 million barrels per day (bpd) of crude to Indian refiners, turning the oil trade full circle. According to Vortexa data, 1.66 million barrels of gasoline moved to Russia in June-July, marking a rare reversal in an oil trade built largely...
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The Reserve Bank of India’s (RBI) measures to attract foreign currency inflows have delivered stronger-than-expected results, mobilising $136 billion. But with the impact on the rupee modest so far, market attention is now shifting to how the central bank manages the currency amid a large forward position and...
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GLOBAL CORPORATE
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As Artificial intelligence transforms the way we live, growing appetite for data centres is pushing the companies to look beyond the resources on Earth.
Space-based data centres promise virtually unlimited solar energy and room to grow without competing for land. SpaceX CEO Elon Musk is targeting a launch as...
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China's finance ministry will lead a combined $54 billion in capital injections into state-owned insurers and banks, the companies said on Sunday, in a coordinated push by Beijing to shore up capital across its financial system.
China Life Insurance (Group) Co, the country's largest life insurer, will receiv...
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Foxconn's third-quarter ?performance ?is expected to outperform ?market expectations given strong AI-related demand, the ?Taiwanese contract electronics maker said on Saturday, though it offered ?caution about "volatile" global politics.
Foxconn, ?Nvidia's biggest server maker and a major Apple ?supplier, ...
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A shortage of fuel oil used in ?ships ?and power plants looms in the third quarter ?as refiners increasingly squeezed by wars that have disrupted both crude processing and tanker traffic prioritise output of diesel and ?other products at its expense.
While crude oil has avoided major price spikes in recent...
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China, the ?world's ?largest manufacturer of ?batteries for energy storage, has temporarily suspended ?approvals for new factories, Chinese financial news outlet Cailianshe reported ?on Saturday.
• The pause ?comes as authorities conduct a review of existing ?and ?planned energy storage production capacity...
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GLOBAL ECONOMY
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?Venezuela's ?inflation slowed ?to ?8.9% ?in ?August, central ?bank data showed ?on ?Friday, ?down ?from ?19.9% the previous ?month.
Year-on-year ?inflation ?stood ?at 534.21%, according to ?Reuters calculations based on ?the ...
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Britain's Treasury said on ?Friday ?that it would lower ?a key rate used to evaluate the long-term benefits ?of investment in public infrastructure projects as part of plans to ?boost investment across the country.
• ?The disco...
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South Korea's ?exports ?have reached $709.4 billion so ?far this year, surpassing last year's annual ?record, the customs office said on Saturday, as the economy ?rides high on booming ?global demand for AI chips.
The country's...
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Britain's finance minister, John ?Healey, ?will use his first ?major speech since taking office seven weeks ago to set ?out how Prime Minister Andy Burnham's plan to devolve power away from central ?government can help revive gro...
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Japan's ?foreign ?reserves posted their biggest-ever ?drop in August, government data showed on Monday, after ?Tokyo launched another round of record dollar-selling, yen-buying intervention to stem persistent ?weakness in its curr...
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The dollar was on shaky ground ?on ?Monday, despite a ramp-up in U.S. rate ?hike bets as Middle East tensions raised the prospect of broader inflationary pressures that could ?force global central banks to tighten policy in tandem...
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A look at the day ahead in European and global ?markets ?from Wayne Cole.
It's been a patchy start ?to the week with tech leading Asian shares higher, while European and Wall Street ?futures barely budge. Semiconductor makers' ...
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China's exports likely grew at ?a ?faster pace in August, ?a Reuters poll showed, indicating that the world's second-largest economy will ?continue to rely on external demand to shore up growth as domestic weaknesses persisted.
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German ?industrial production fell ?unexpectedly in July, due to a ?sharp decline in production in the automotive sector.
Industrial ?production fell by 1.1% ?compared to the previous month, ?the ?federal statistics office said...
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