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MARKET & FINANCE
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Indian government bonds fell for an eighth straight week as elevated oil prices and a hawkish shift by the central bank dampened investor appetite, pushing the benchmark 10-year yield higher.
The benchmark 6.94% 2036 bond ended at 7.2994% on Friday, up from 7.2868% on Thursday. The yield rose 9 basis point...
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India's foreign exchange reserves fell by $12.95 billion to $734.60 billion in the week ended October 2, driven by a decline in foreign currency assets and gold reserves, according to data released by the Reserve Bank of India on Friday. The reserves had fallen by $18.34 billion to $747.56 billion in the prev...
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The Reserve Bank of India (RBI) on Saturday announced a series of measures to ease pressure on the rupee, tightening rules for foreign exchange derivatives, restricting the rebooking of cancelled contracts and introducing a cash reserve requirement for large trades.
The rupee is currently trading at 96.78 ...
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GLOBAL CORPORATE
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The top trade envoys for China and the European Union agreed Friday on a broad initial deal following two days of talks aimed at calming escalating tensions over trade imbalances, the EU trade commissioner said.
Neither side provided clear details on the preliminary deal, but European Commissioner for Trad...
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Banking
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Chief Economic Advisor V Anantha Nageswaran on Friday made a case for revisiting non-performing asset (NPA) classification norms for micro, small and medium enterprises (MSMEs) by the Reserve Bank, saying the rules should reflect domestic business practices and cash flow patterns rather than follow a globally...
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The Reserve Bank of India (RBI) has raised the minimum daily cash reserve ratio (CRR) maintenance requirement to 99% from 90%, effective from the fortnight beginning October 16. The move will reduce banks’ flexibility in managing their daily reserve requirements and could push up overnight borrowing rates, ma...
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The upcoming Rabi season is emerging as a key risk for agricultural credit, with weak reservoir levels and El Nino conditions threatening to pressure rural cash flows even as banks have not seen any meaningful deterioration in repayments or delinquencies so far.
While announcing the outcome of the Monetary...
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GLOBAL ECONOMY
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Commerce and industry minister Piyush
Goyal said on Friday that talks with US for a trade dea were progressing steadily and the two sides were working on the fine print, while asserting that tighter access to H-1B visas can benef...
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Demand for work under the government's newly launched rural employment scheme, Viksit Bharat - Guarantee for Rozgar & Ajeevika Mission (Gramin) (VB-G RAM G), rose by more than a quarter in September from August, as per preliminary...
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Retail prices of key agricultural commodities including rice, sugar, mustard oil and onion are ruling at significantly higher levels compared to the previous year, according to the Price Monitoring Cell of the Department of Consum...
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The number of e-way bills generated under the Goods and Service Tax (GST) system rose to a record high of 141.53 million in September, indicating increased movement of goods ahead of the festive season. According to GST Network da...
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If there is one challenge that is staring hard at the face of the economy, it is definitely the El Nino. From weather conditions to the water levels to the economy, the impact is far reaching and multi-fold. The Reserve Bank of I...
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India and the Association of Southeast Asian Nations (ASEAN) have agreed to expedite negotiations on the review of pending chapters of their trade agreement, setting time-bound deliverables for negotiating groups as they seek to a...
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In a first, states and Union Territories (UTs) may be able to compile data on private consumption, with the Ministry of Statistics and Programme Implementation (MoSPI) on Friday releasing draft guidelines for compilation of Gross ...
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Canada's economy stunned widespread expectations to post a massive job loss in September and the unemployment rate edged up, data showed on Friday, effectively wiping off all the gains in jobs that was seen this year.
The econo...
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US consumer sentiment deteriorated further in early October as rising prices because of the Middle East conflict soured households' views of the economy, a survey showed on Friday.
The University of Michigan's Surveys of Consum...
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Global economic growth is projected to slow to 2.6% in 2026 from 2.9% in 2025, as geopolitical tensions, higher energy costs and financial instability impacted the world economy, according to the United Nations Conference on Trade...
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INDIAN CORPORATE
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Tata Consultancy Services (TCS) reported an in-line revenue performance in the September quarter, but analysts said the recovery in demand remained gradual, with year-on-year deal wins moderating and investments in artificial inte...
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GST
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Pharma companies will be able to avail GST input tax credit (ITC) on free samples and on goods destroyed or written off upon expiry of shelf life from the next fiscal year.
Rationalising ITC and Refund Reforms
The GST Council, chaired by Union Finance Minister Nirmala Sitharaman and her state counterparts...
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SEBI
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Market regulator SEBI has notified new regulations that provide a revised formula for calculating settlement amounts and a fast-track route for cases involving settlement amounts of up to Rs 10 lakh.
The new framework separatel...
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