INDIAN ECONOMY
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The International Monetary Fund’s latest upgrade of India’s growth forecast to 7% for both 2026 and 2027 offers a striking contrast with an increasingly fragile global economy. The IMF expects worldwide growth of just 3.1% this year, with expensive energy and geopolitical turmoil threatening to erode the resi...
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Over 400 infrastructure projects of different ministries, including roads and railways, worth about Rs 20.23 lakh crore have been recommended for approval under the PM GatiShakti initiative, an official statement said on Tuesday.
These projects have been recommended by the Network Planning Group (NPG) con...
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Union Commerce and Industry Minister Piyush Goyal on Wednesday expressed confidence that India-US relations would continue to strengthen, describing the partnership as consequential and reassuring other countries that closer ties between New Delhi and Washington were no cause for concern.
Speaking at the B...
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Developing countries are facing a difficult economic test as rising energy prices, extreme weather risks and mounting borrowing costs threaten to increase poverty and strain government finances, the United Nations Development Programme (UNDP) has warned. The UN body added that rising fuel prices, a potentiall...
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India’s wholesale price index (WPI) inflation rose to 11.39% year-on-year (YoY) in September from 9.92% in August, driven by higher prices across primary articles, fuel and power, and manufactured products.
The wholesale price index for all commodities increased to 112.5 in September from 110.8 in August, ...
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The resilient consumption demand in the economy seems to be facing a growing challenge from a weak rural sector. Analysts feel that a deficient monsoon, rising inflation and slowing wage growth are apparently dampening consumer sentiments in rural India, even as the festive season has begun.
A few high-fre...
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MARKET & FINANCE
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Foreign portfolio investors (FPIs) have pulled out a record Rs 3.08 trillion ($32.73 billion) of Indian equities in nine months of calendar year 2026 (CY26) -- nearly double the Rs 1.66 trillion withdrawn in CY25.
Their net investment totaled Rs 427 crore in CY24....
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Indian government bonds snapped a four-session falling streak on Tuesday, after the yield rising to a three-year high attracted investors back to the market.
A policy rate hike and liquidity withdrawal by the central bank had pushed the benchmark bond yield up by 20 basis points over four sessions. The 6.9...
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Indian government bonds fell in early trading on Wednesday as a fresh spike in oil prices and hawkish commentary from the central bank chief pushed traders to trim positions further.
The benchmark 6.94% 2036 bond yield was at 7.3886% as of 9:45 a.m. IST, after closing at 7.3655% on Tuesday. Bond yields ris...
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The Reserve Bank of India would consider further measures, if needed, to curb speculative trading in the foreign exchange market, Governor Sanjay Malhotra said in an interview on Tuesday.
“The RBI is determined to do whatever is necessary to ensure orderly movement in the foreign exchange market,” Malhotra...
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Equity mutual fund inflows rose 30.6% month-on-month to Rs 38,307 crore in September 2026 from Rs 29,329 crore in August, according to data released by the Association of Mutual Funds in India (AMFI) on Monday.
Small-cap funds attracted the highest inflows among equity fund categories at Rs 9,039 crore, f...
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GLOBAL CORPORATE
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Shares of US chipmakers dropped on Tuesday, with memory-related companies leading losses as reports of a technology advance by China's CXMT stoked competition fears and added to jitters over AI spending in a sector that has rallied sharply this year.
The broader Philadelphia chips index fell 1.5%, down for...
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Boeing said on Tuesday that it delivered 57 jets in September, up from 51 in August and 55 a year earlier as it works to ramp up production of its best-selling 737 MAX narrow-body. It was the planemaker's highest monthly total so far this year.
Turkish Airlines' order for 100 737 MAX jets boosted Boeing's ...
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As Europe debates new local-content rules aimed at boosting local manufacturing, Chinese automakers are already building factories and supply chains across the continent, getting ahead of the measures before they have even been finalised.
The European Union's proposed "Made in Europe" rules, part of a plan...
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OnMeta, a payment infrastructure provider, has signed an MoU with Kazakhstan's QazPost to explore and develop new digital financial solutions for consumers and businesses.
The memorandum of understanding (MoU) was signed in Astana by both companies, according to a company statement....
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Kroger Co., the largest standalone US supermarket chain, announced plans to cut about 3,000 roles across its corporate workforce over the next three years as the company embraces a massive operations overhaul under newly appointed chief executive Greg Foran. The major announcement was laid out in a company me...
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GLOBAL ECONOMY
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Boston Federal Reserve President Susan Collins said on Tuesday she believes the US central bank will need to raise interest rates again before the end of this year to lower high inflation.
Collins said she backed the rate hike ...
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China's producer prices rose at their fastest pace in more than four years in September while consumer inflation edged up, as higher oil and commodities lifted factory-gate costs even as weak domestic demand kept broader price pre...
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The United Nations Development Programme on Tuesday announced new initiatives to help attract investors and jobs to developing countries, which are being rocked by crises outside their control amid a sharp drop in official develop...
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The recent rise in US bond yields reflects stronger economic growth rather than higher inflation expectations, which remain "well anchored", Federal Reserve Governor Christopher Waller said on Tuesday.
Yields on 10-year US Trea...
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The Bank of Korea will maintain a restrictive monetary policy stance as it seeks to tame persistent price pressures, with headline and core inflation expected to stay above target for "some time", the central bank's chief said on ...
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Artificial intelligence (AI) is helping support global economic growth, but it is also putting pressure on the entry-level jobs that young people depend on to begin their careers. International Monetary Fund (IMF) Managing Directo...
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INDIAN CORPORATE
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PSU lender Canara Bank posted an 8.4% year-on-year rise in its net profit for Q2 FY27 at Rs 5,175 crore, against Rs 4,774 crore reported in the year-ago period. On a sequential basis, its profit climbed by more than 65% as compare...
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Gujarat-based Transformers and Rectifiers India posted a sharp rise in its Q2 FY27 consolidated net profit, which advanced by a whopping 118% year-on-year to Rs 81.38 crore against Rs 37.35 crore posted in the year-ago period. Th...
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State-run NTPC is in talks with potential buyers in Japan, South Korea and Germany for green ammonia and other green fuels, stepping up efforts to secure overseas demand as it moves its green-hydrogen business from pilot projects ...
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Tata Power is building a data centre opportunity pipeline of over 2.8 GW across 18 leading domestic and global data centre operators as India’s demand for artificial intelligence (AI), cloud computing and digital services grows.
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Adani Power has received a Letter of Award (LoA) from Uttarakhand Power Corporation (UPCL) to supply 1,234 MW of thermal power under a long-term agreement spanning 25 years.
The contract covers a net power supply of 1,234 MW at...
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South Korean automotive major Hyundai Motor Group on Tuesday committed $15.5 billion in investments in India between 2026 and 2032, as it looks to expand manufacturing capacity, build local research and development (R&D) capabilit...
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GST
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The Centre will put in place a monitoring mechanism to ensure that process reforms introduced after the 57th GST Council meeting are implemented effectively across states, with particular attention to changes in arrest provisions, government sources told TNIE.
The move comes amid earlier concerns over resi...
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The FAQs on the 57th GST Council Meeting provide clarifications on key GST recommendations, procedural changes and their implications for taxpayers and businesses. They cover GST registration and amendments, cancellation procedures, simplified registration for eligible e-commerce sellers, faster and automated...
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Annual Returns in the form of GSTR-9/9C for FY 2025-26 have been enabled on the GST portal from 8th October 2026. Please ensure that all returns (GSTR 1 and GSTR 3B) for FY 2025-26 are filed to enable the tile of GSTR-9/9C. Further, in case of any assistance in filing the Annual Returns, the taxpayers are adv...
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