INDIAN ECONOMY
|
|
|
India's exports grew around 15 percent in the April-July period this fiscal, commerce and industry minister Piyush Goyal said on August 12, highlighting the resilience of the country's external sector amid global trade uncertainty.For the June quarter, merchandise and services exports were estimated at $232.7...
Read More
|
|
India was the world's sixth-largest economy in 2025-26, with a nominal gross domestic product of $3.92 trillion, according to the International Monetary Fund's April 2026 World Economic Outlook, Parliament was informed on Tuesday.
...
Read More
|
|
It is an odd confession to make about a statistic, I realize, but then again I am an economist, so I am just going to go ahead: I love GDP. There. I said it.
GDP — for gross domestic product, the total market value of all final goods and services produced within a county’s borders — is in many ways the ideal...
Read More
|
|
Russia has started importing petrol from India, as Ukrainian attacks on its refineries trigger severe local shortages, reported Bloomberg on Wednesday.
It’s the first time Moscow has imported the motor fuel from the South Asian nation, according to Kpler data, “with the lengthy journey required an indicati...
Read More
|
|
Tucked away in temples, velvet pouches, and secret wooden drawers across India lies a staggering $5 trillion fortune doing absolutely nothing. It’s not stocks, cash, or even cryptos; it’s the nation’s favourite, age-old shiny obsession: gold (and jewellery).
...
Read More
|
|
Fitch Ratings affirmed India’s sovereign rating at ‘BBB-‘ with a stable outlook on Tuesday. With this, the credit ratings agency has left the long-term issuer default rating, the ‘F3’ short-term rating and the country ceiling unchanged....
Read More
|
|
The BRICS group of nations are discussing the possibility of linkages between their respective fast payment systems and central bank digital currencies (CBDCs), Reserve Bank of India (RBI) Governor Sanjay Malhotra said on Tuesday....
Read More
|
|
India’s direct tax collections after refunds grew at an impressive 23.1% year-on-year to Rs 8.11 lakh crore during April 1-August 10, data released by the Central Board of Direct Taxes (CBDT) on Tuesday showed. The rise in direct tax mop-up was broad-based but was supported by a slowing pace of refunds....
Read More
|
|
The Indian economy likely grew 8% in the April-June quarter, with the underlying momentum remaining broad-based, according to State Bank of India’s (SBI) research department. The projection is sharply higher than the Reserve Bank of India’s forecast of 7% for the quarter....
Read More
|
|
Only seven Foreign Direct Investment (FDI) proposals have required approval of the Cabinet Committee on Economic Affairs (CCEA) since the floor above which projects need clearance from the top decision-making body was raised to Rs 5,000 crore in March 2016. Other than the FDI transaction of Rs 25,000 crore re...
Read More
|
|
|
MARKET & FINANCE
|
|
|
New Delhi may raise its concerns with Bloomberg over the latter’s decision to defer Indian government securities in its flagship Global Aggregate Bond Index, despite a series of steps taken recently to deepen the capital market, and the opening up of G-secs fully to foreign investors along with liberal tax so...
Read More
|
|
Some of the most consequential developments in global finance rarely arrive with announcements. Instead, they sometimes unfold quietly, often over a weekend, before their wider implications begin to surface across markets and geographies.
Such was the case on July 31, when the Federal Reserve Bank of New Y...
Read More
|
|
|
GLOBAL CORPORATE
|
|
|
Nvidia is turning to some of the world's biggest financial groups to help fund the next phase of the artificial intelligence boom. Six Wall Street giants have joined the effort, which could raise more than $500 billion for Al infrastructure.
The firms: Apollo Global Management, Blackstone, BlackRock, Brookfi...
Read More
|
|
Boeing said Tuesday that it delivered 53 jets in July, five more than a year earlier, but a sharp drop from the 64 jets it handed over in June. The U.S. planemaker trailed European rival Airbus, which delivered 67 planes in July.
Boeing also booked 30 new orders after adjusting for cancellations in July, ...
Read More
|
|
Britain's government will do what it can to help lower costs for business but against the backdrop of a "difficult financial outlook", Prime Minister Andy Burnham said in an interview on Wednesday.
Speaking to BBC Radio's 'Wake Up to Money' programme, Burnham said his government's budget, due on October 2...
Read More
|
|
Norway's $2.3 trillion sovereign wealth fund, the world's largest, posted a record 1.75 trillion Norwegian crowns ($184.3 billion) profit for the first half of the year, lifted by technology stocks, it said on Wednesday.
Late on Tuesday, it said for the first time it held a 0.05% stake worth $1.2 billion ...
Read More
|
|
Taiwan's Foxconn, the world's largest contract electronics maker, reported on Wednesday a 35% rise in second-quarter profit, beating analyst forecasts, on continued strong demand for AI, which it predicted would drive growth this year.
Net profit for the April to June period for Nvidia's biggest server mak...
Read More
|
|
Oracle is reportedly planning another round of job cuts as the cloud giant looks to reduce payroll while spending billions of dollars to build AI infrastructure.The potential layoffs could affect double-digit percentages of employees on some teams, Business Insider reported, citing people familiar with the pl...
Read More
|
|
Global spending on infrastructure designed for artificial intelligence (AI) workloads is expected to almost double in 2026, according to Gartner.
As per the report, total AI-optimized IaaS (Infrastructure as a Service) in 2025 was at $21.5 billion. In 2026, it increased to $42.2 billion. This is 96.4% incr...
Read More
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
GLOBAL ECONOMY
|
|
|
|
Brazil's annual inflation eased in July, broadly in line with market expectations, data from statistics agency IBGE showed on Tuesday, returning to the central bank's tolerance range as the effects of tight monetary policy continu...
Read More
|
|
Federal Reserve Bank of Chicago President Austan Goolsbee is more concerned about too-high inflation than about any labor market weakness, though it is not clear if that worry translated into support for the interest-rate hike tha...
Read More
|
|
Global youth unemployment increased ?in 2025 as weaker economic growth, geopolitical tensions and sluggish job creation made it harder for young people to find work, the International Labour Organization said on Wednesday, warning...
Read More
|
|
Japanese business confidence improved in August as manufacturers benefited from robust semiconductor demand while non-manufacturers were supported by strong domestic consumption, the latest Reuters Tankan survey showed....
Read More
|
|
U.S. consumer prices likely increased moderately in July, which could further reduce financial market expectations for the Federal Reserve to raise interest rates this year.
The Labor Department's Consumer Price Index report on...
Read More
|
|
Malaysia's economic growth likely accelerated in the second quarter, supported by strong exports and resilient domestic demand, according to a Reuters poll.
Gross domestic product was expected to have grown 5.8% year-on-year in...
Read More
|
|
|
INDIAN CORPORATE
|
|
|
India's Vodafone Idea reaffirmed plans to grow revenue by double digits, triple cash EBITDA and invest 450 billion rupees ($4.72 billion) in its network over three years, CEO Abhijit Kishore said during an earnings call on Tuesday...
Read More
|
|
Petronas subsidiary Gentari has put its green mobility unit in India on the block after an unsuccessful attempt to divest a significant minority stake in its renewable generation unit in the country last year, according to people ...
Read More
|
|
NBCC reported a 17.01% year-on-year (YoY) increase in its Q1FY27 consolidated net profit to Rs 158.01 crore, from Rs 135.03 crore reported in Q1FY26.
Revenue from operations of NBCC declined 5.56% YoY to Rs 2,259.53 crore in Q1...
Read More
|
|
Vodafone Idea is in discussions with a consortium of public sector banks led by State Bank of India (SBI) for additional debt funding and is “hopeful of closing” the deal, as the telecom operator looks to secure financing for its ...
Read More
|
|
Tata Sons Chairman N Chandrasekaran has resigned from his post, but will complete his current term at the principal holding company of India’s $400-billion Tata Group.
Chandrasekaran joined the Tata group in 1987. He became TCS...
Read More
|
|
|
|
|
|
|
GST
|
|
|
The Supreme Court on Wednesday set aside a Bombay High Court order granting Future Group non-executive director Sunil Biyani one week’s protection from arrest in a Goods and Services Tax (GST) investigation, holding that the high court could not have granted such relief after concluding that his anticipatory ...
Read More
|
|
|
|
|
|
|
|