INDIAN ECONOMY
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India's exports to the US dipped 1.21 per cent to USD 8.17 billion in June, while imports grew 33.86 per cent year-on-year to USD 5.5 billion, according to government data.
In June 2025, India's exports to the US stood at USD 8.27 billion, while imports were reported at USD 4.11 billion.
During April-Ju...
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India’s retail inflation based on the Consumer Price Index hit an 18-month high of 4.38% in June, rising above the Reserve Bank of India’s medium-term target of 4% for the first time since January 2025.
The broadbased rise in CPI inflation, from 3.93% in May, signalled generalised price pressures building ...
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Rebound in shipments to West Asia and strong performance in other Asian and African markets helped India’s merchandise exports grow 15.5% to $40.41 billion in June. But a 31% increase in imports to $70.84 billion pushed up the trade deficit to a five-month high of $30.43 billion.
The biggest drivers of imp...
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India's capital expenditure (capex) cycle is expected to strengthen further over the coming quarters, led by a gradual pickup in private sector investment, with overall investments projected to rise 1.8 times to about USD 2.2 trillion by FY2030, according to a Morgan Stanley report.
"We expect incremental ...
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MARKET & FINANCE
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Indian government bonds plummeted early on Tuesday, as fresh strikes in the Gulf obstructed shipping through the Strait of Hormuz, yanking oil higher and triggering a global debt selloff.
U.S.-Iran fighting stretched into a third night after a fragile ceasefire collapsed, with both sides reinstating rival ...
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Food inflation, as measured by the recently revised consumer food price index, continued to move upwards to touch 5.32% in June, primarily because tomatoes and ginger became costlier.
Sequentially, the all-India Consumer Food Price Index (CFPI) rose by 1.7% last month from the May level. Food inflation was...
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GLOBAL CORPORATE
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Intel has begun a €5 billion ($5.7 billion) capital investment to upgrade its Irish campus and expand its European output to meet growing global demand for AI and high-performance computing, the U.S. chipmaker said on Monday.
Intel said the move would upgrade and maximize capacity at its facility in Leixli...
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Global smartphone shipments fell 11% in the second quarter to their lowest level for the period since 2013, as a prolonged memory chip shortage drove up handset prices and dampened demand, according to early estimates from Counterpoint Research.
Apple bucked the trend with a 3% rise in shipments, taking it...
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Australian business conditions were steady in June as cost pressures eased following a U.S.-Iran peace deal to end their conflict, a survey showed on Tuesday, although renewed hostilities have since sent oil prices higher again.
The survey from National Australia Bank showed its index of business condition...
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The development of AI will require investment of $5 trillion each year by 2040, and any talk of a bubble forming around the technology is "absurd", SoftBank Group CEO Masayoshi Son said on Tuesday.
Over the past two years, the technology investment group has embarked on an expansive investment programme to...
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China's smartphone shipments fell 4.3% to 66 million units in the second quarter from a year earlier, as many manufacturers hiked prices to reflect rising memory and component costs, research firm IDC said on Tuesday.
It was the fifth straight quarterly decline, and first-half shipments were down 4.2% from...
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Luxury retailer Watches of Switzerland said on Tuesday that strong demand from wealthy U.S. shoppers has carried into its new financial year, and there were encouraging signs of improvement in the British market.
The seller of Rolex, TAG Heuer and Audemars Piguet watches reported adjusted operating profit...
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No bank card? No address No problem. Shoppers in Africa increasingly are buying online from big brands such as Amazon or Walmart even though they have no physical presence on much of the continent.
Among those benefiting from the shift are local and foreign package-forwarding companies that use technology ...
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President Donald Trump said on Monday that the United States was reinstating a naval blockade on Iran and would be reimbursed 20% on all cargo shipped through the Strait of Hormuz after Tehran claimed it had closed the vital waterway.
"The Hormuz Strait is OPEN, and will remain OPEN, with or without Iran. ...
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s may be entering a rare phase where growth is no longer being driven by Wall Street alone. As major lenders prepare to report second-quarter earnings, analysts are watching a revival in business borrowing that could add another profit engine to an already strong banking sector....
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As US tech companies pour billions of dollars into artificial intelligence, workers are increasingly worried about what the AI boom could mean for their jobs. Tech layoffs have added to fears over job security, even as companies ramp up capital spending on AI and corporate profits remain strong. Now, a majori...
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Banking
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India is close to accepting an offer from Fairfax Financial Holdings Ltd. for IDBI Bank Ltd., possibly at a slightly higher price, according to people with knowledge of the matter, in what could potentially be the biggest foreign investment in the country’s banking sector.
Fairfax, whose earlier bid for ID...
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Retail stress continues to build up on banks’ books, with lenders putting up about Rs 15,000 crore of fresh non-performing assets (NPAs) for sale to asset reconstruction companies (ARCs) in the quarter ended June.
The bulk of the fresh NPAs came from the retail segment, while about one-fifth comprised loa...
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GLOBAL ECONOMY
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Brazil's economy will keep growing moderately after October's presidential vote, a Reuters poll suggested, with a fall in farm output arising from the El Niño weather pattern, and persistent pressure on public accounts....
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Bangladesh and the International Monetary Fund have agreed on the broad framework for a new lending programme, with reforms to be introduced gradually to reflect the country's tough economic conditions, the finance minister said o...
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South Korea's central bank is expected to raise interest rates on Thursday for the first time in more than three years and deliver another increase by the end of the year, according to a Reuters poll of economists, as inflation re...
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China's export growth accelerated in June, expanding 27.0% from a year earlier in U.S. dollar value terms, while imports rose 36.0%, customs data showed on Tuesday....
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South Korea pledged on Tuesday to swiftly advance artificial intelligence investments to bolster economic performance, as it raised its 2026 growth forecast to a five-year high of 3.0% on the back of a global semiconductor boom....
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Japan's government will insert a footnote in its economic blueprint referring to a clause in law stipulating the need to protect the central bank's independence in setting monetary policy, TV Tokyo reported on Tuesday....
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U.S. consumer inflation likely slowed in June, but that would probably offer little comfort to households or rule out an interest rate increase from the Federal Reserve this year, with the conflict in the Middle East still unresol...
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INDIAN CORPORATE
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Spainish tech giant Submer Group on Monday announced a $2 billion investment in Madhya Pradesh semiconductor industry, a move expected to create nearly 5,000 direct employment opportunities.
The announcement was made at the MP Te...
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Akasa Air is looking to raise 10.5 billion rupees ($110 million) through equity and debt, people familiar with the matter said, as India’s youngest airline seeks funds to overcome challenges brought on by the Iran war.
The airl...
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ICICI Prudential Asset Management Company reported a 25.51% QoQ increase in its net profit in Q1FY27 in its disclosure to the exchanges. The AMC’s net profit increased from Rs 769 crore in Q4FY26 to Rs 965 crore in Q1FY27. On a Yo...
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HCL Technologies on Monday reported a better-than-expected performance for the June quarter, with consolidated net profit rising 3% sequentially to Rs 4,624 crore, ahead of Bloomberg consensus estimates. The company also posted it...
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Grasim Industries on Monday announced that its subsidiary Aditya Birla Renewables (ABReN) will acquire Shell’s India renewable energy platform, Sprng Energy, in a transaction with an enterprise value of Rs 17,200 crore ($1.8 billi...
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HCL Tech reported the highest sequential dip in headcount since Q1FY25 for the quarter ended June 30. The IT major’s employee base reduced by 3,292 in the first quarter of FY27. At the end of the quarter, its total headcount stood...
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