INDIAN ECONOMY
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Ahead of India Africa Forum Summit, Sudhakar Dalela, Secretary (Economic Relations), Ministry of External Affairs, urged stakeholders to explore more active engagement with institutions such as the African Development Bank, Afrexim Bank, and the ECOWAS Bank for Investment and Development. He also called for g...
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Finance Minister Nirmala Sitharaman said that domestic consumption will sustain India’s growth, which remains the fastest in the world. She noted that Indian exporters, despite facing challenges such as tariffs, are discovering new markets and sustaining growth through their ingenuity. “The Indian consumption...
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MARKET & FINANCE
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India's foreign exchange reserves rose by $2.3 billion to $703 billion in the week ended April 17, mainly due to an increase in foreign currency assets with upward revaluation of dollar assets.
Separately, the Indian rupee declined 14 paise amid dollar demand from foreign investors and private oil companie...
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India’s ultra-wealthy population is expanding at a pace that’s hard to ignore. The country now has 19,877 ultra-high-net-worth individuals (UHNWIs) in 2026 — those with assets exceeding $30 million (Rs 283 crore or more) — and that number is projected to jump 27% to 25,217 by 2031, according to the Knight Fra...
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The rupee’s ongoing depreciation, fueled by geopolitical tensions and sustained capital outflows, keeps it trading in an undervalued zone. The real effective exchange rate (REER) fell further to 92.72 in March from 93.99 in February, the lowest level in 12 years, the Reserve Bank of India’s latest bulletin sh...
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GLOBAL CORPORATE
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The value of the US government stake in Intel Corp. has increased fourfold to hit a value of about $36 billion after the chipmaker's financial outlook showed a resurgence in sales.
That's the equivalent of an almost $27 billion return on paper since Intel and the government announced the investment in Augu...
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US President Donald Trump's administration is placing economic sanctions on a major China-based oil refinery and roughly 40 shipping companies and tankers involved in transporting Iranian oil.
The move, announced Friday and first reported by The Associated Press, makes good on the Trump administration's th...
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U.S. consumer goods giant Procter & Gamble on Friday warned of a roughly $1 billion post-tax hit to its fiscal 2027 profit from surging oil prices, joining a host of global companies flagging significant cost pressures from the Iran war.
The Pampers and Tide maker's estimated profit hit is among the highes...
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NIO is betting that in-house chip development will sharpen its technological edge and improve profitability, Chief Executive William Li said on Friday, as the Chinese premium EV brand pushes to reduce reliance on suppliers such as Nvidia.
Li said NIO developed its own silicon so its chips could better matc...
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European Trade Commissioner Maros Sefcovic on Friday said he raised concerns about the recent U.S. easing of sanctions on Russian oil during his talks with U.S. Treasury Secretary Scott Bessent, and understood that it would not happen again. Sefcovic told reporters he understood from U.S. officials that the s...
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The U.S. and the European Union on Friday deepened their coordination on critical minerals as part of a broader push by Western allies to loosen China's grip on materials crucial to advanced manufacturing. U.S. Secretary of State Marco Rubio and European Union Trade Commissioner Maros Sefcovic signed a memora...
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Alphabet Inc. is set to invest up to $40 billion in Anthropic, according to a Bloomberg report. This will mark one of the largest funding commitments in the fast-escalating global AI race. The move deepens Alphabet’s ties with Anthropic even as the two compete in advanced artificial intelligence development.
...
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Banking
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The Reserve Bank of India has canceled the banking license of Paytm Payments Bank. The cancellation is effective from April 24. Consequently, Paytm Payments Bank has been prohibited by the central bank from conducting the business of ‘banking’.
The central bank said that Paytm Payments Bank has enough liq...
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GLOBAL ECONOMY
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Canadian wholesale trade most likely rose 1.3% in March from February, largely driven by higher sales in the machinery, equipment and supplies subsector, Statistics Canada said in a flash estimate on Friday.
The estimate was ca...
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Mexico's economic activity expanded slightly in February but missed expectations, extending its rough patch since the start of the year, official data showed on Friday.
Mexico's economy expanded 0.1% in February from the prior ...
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Brazil's current account deficit totaled $6.036 billion in March, central bank data showed on Friday, exceeding the $5.489 billion shortfall expected by economists in a Reuters poll.
Foreign direct investment (FDI) for the mont...
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The Bank of Canada will hold its overnight rate steady next week and through the rest of the year, according to a majority of economists polled by Reuters, most of whom stuck to the same outlook they had before the U.S.-Israeli wa...
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Canadian retail sales rose 0.7% in February from January to C$72.06 billion ($52.68 billion) on higher sales at motor vehicle and parts dealers, Statistics Canada said on Friday.
In January, retail sales were up 1.1% on a month...
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The Russian central bank reduced its key rate by 50 basis points to 14.5% on Friday, as expected by analysts, despite pressure from businesses to cut faster to boost the economy, which contracted by 1.8% in the first two months of...
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U.S. consumer sentiment fell to a record low in April as households shrugged off a ceasefire in the war with Iran, remaining focused on the inflation fallout from the conflict.
The University of Michigan's Surveys of Consumers ...
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The United States is discussing currency swap lines with other countries including Gulf and Asian partners, Treasury Secretary Scott Bessent said on Friday, after a number of allies sought help in dealing with fallout from the Ira...
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Canada recorded a higher C$25.55 billion ($18.66 billion) budget deficit for the first 11 months of the 2025/26 fiscal year as government expenditures grew faster than revenues, the finance ministry said on Friday.
By compariso...
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Bangladesh will marginally overtake India in GDP per capita income during the 2026 fiscal year. The projection was shared by the International Monetary Fund in its latest World Economic Outlook data — which also showed India slipp...
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INDIAN CORPORATE
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L&T Finance on Friday reported a 27% year-on-year rise in its consolidated profit after tax (PAT) to Rs 807 crore for the quarter ended March, driven by strong retail disbursement growth and stable asset quality.
For the full y...
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Reliance Retail, the country’s largest organised retailer, on Friday reported its slowest profit growth in seven quarters for the January-March (Q4FY26) period, at 0.5% year-on-year (yoy) to Rs 3,563 crore amid higher tax expenses...
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Reliance Industries subsidiary Jio Platforms (JPL) on Friday posted a 4% rise in its net profit during the March quarter despite lack of headline tariff hikes, on the back of sequential rise in average revenue per user (Arpu) and ...
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Shriram Finance’s net profit for the quarter ended March stood at Rs 3,013.6 crore up nearly 41% on year on the back of rising income. However, the asset quality of the non-bank lender deteriorated for the reporting quarter.
T...
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Adani Green Energy (AGEL) posted a 73% jump in Q4FY26 net profit at Rs 397 crore as compared to Rs 230 crore in the corresponding quarter of previous financial year. It made a loss of Rs 41 crore in Q3FY,26.
There were no analy...
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Telecom operator Vodafone Idea (Vi) will pursue selective tariff adjustments rather than a broad-based price hike, CEO Abhijit Kishor said, with the move hinting towards the recent pricing actions in the sector as limited to incre...
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IndusInd Bank reported a bigger-than-expected fourth-quarter profit, as the pace of additions to bad loans slowed, with provisions also dropping. The private lender posted a net profit of Rs 594 crores for Q4 FY26, as against a ne...
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The softer FY27 growth guidance from Infosys has prompted brokerages to reassess the company’s near-term outlook, with analysts pointing to a mix of macro uncertainty, rising competition and AI-led disruption weighing on the broad...
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India’s oil-to-chemicals to new energy conglomerate, Reliance Industries, posted a 12.5% YoY decline in profit in Q4FY26 as margins slipped.
The company reported a consolidated net profit of Rs 16,971 crore in Q4 FY26. Its pro...
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