INDIAN ECONOMY
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Issuance of certificates of origin, a key document to avail free trade agreement benefits, has more than doubled from 3.6 lakh in 2021-22 to over 7.8 lakh in 2026-27 so far, Parliament was informed on Friday.
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American companies are deepening their engagement with India, with bilateral trade between the two countries expanding more than twelvefold over the past decade to exceed $240 billion, US Ambassador to India Sergio Gor said on Friday.
"Ten years ago, our bilateral trade was $20 billion. Today, it is over $...
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The Senate overwhelmingly approved a punishing Russian sanctions package Friday, the result of a year-long campaign by the late Sen. Lindsey Graham to reinforce U.S. support for Ukraine and try to force President Vladimir Putin’s hand as the grinding war drags on.
The bipartisan legislation, which passed t...
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Karnataka is moving beyond simply adopting artificial intelligence to boost its $153 billion startup revolution. The state recently began building an AI-driven governance and economic model where technology improves transparency, reduces fraud, creates skilled employment and strengthens the already powerful s...
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India has firmly ruled out supporting the creation of a common BRICS currency, reiterating its preference for trade settlements in national currencies over a unified monetary system.
Minister of Commerce and Industry Piyush Goyal announced the stance on Friday following the conclusion of a two-day meeting ...
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MARKET & FINANCE
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Indian government bonds ended little changed on Friday, but posted their first weekly rise in five weeks, as a fall in oil prices and dovish central bank commentary boosted market appetite.
The Reserve Bank of India kept the repo rate unchanged on Wednesday, but cut its headline and core inflation forecast...
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India's foreign exchange reserves surged by $10.51 billion to $692.87 billion in the week ended July 31, pushing the country's reserves to their highest level in more than two months, according to data released by the Reserve Bank of India (RBI) on Friday.
The latest increase follows a $6.1 billion rise in...
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Bank loans given against fresh foreign currency non resident (bank) (FCNR (B)) deposits raised between June 8 and September 30 will not be included in the net bank credit and will hence be exempted from mandatory priority sector calculations, RBI said in a notification.
Advances against NRE term deposits r...
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The Centre is finalising a revised Model Bilateral Investment Treaty (BIT) for the Cabinet’s consideration soon. This revision is expected to shorten the timeframe for investors to exhaust domestic legal remedies before initiating international arbitration to resolve disputes, Economic Affairs Secretary Anura...
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GLOBAL CORPORATE
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The biggest oil producer in the United Arab Emirates spent $1.3 billion to expand its tanker fleet to benefit from surging crude exports after the country left OPEC and pushed more of its oil through the contested Strait of Hormuz.
Abu Dhabi National Oil Co.'s shipping arm almost doubled the number of its Ve...
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Airbus needs to deliver an average of 90 jets a month between now and the rest of the year to meet its target after posting flat deliveries in July, company data showed on Friday.
At its earnings results last week, the European planemaker voiced increasing confidence of reaching its full-year target of aro...
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Canada and the U.S. are discussing a prospective deal in which Ottawa would tackle a list of Trump administration trade demands in exchange for Washington scrapping a threat to impose new tariffs, a source familiar with the talks said on Friday.
Trump slapped tariffs on a range of Canadian imports after re...
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An early seasonal surge in U.S. container import volume, driven by shippers racing to avoid higher fuel surcharges tied to the U.S.-Israeli war with Iran and new U.S. tariffs, is ending, according to research released on Friday.
The Global Port Tracker report from the National Retail Federation and mariti...
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President Donald Trump said on Friday the federal government would invest $3 billion into multiple critical minerals and battery projects as part of a push to increase domestic production and boost national security and industrial policy.
"We're reclaiming America's rightful place as the minerals superpowe...
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Banking
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The Reserve Bank of India (RBI) on Friday proposed changes to the leverage ratio framework for banks, aligning domestic capital adequacy rules with the latest standards prescribed by the Basel Committee on Banking Supervision (BCBS).
“To ensure alignment with the latest leverage ratio framework (‘leverage ...
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GLOBAL ECONOMY
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Japan's economy is expected to have expanded for a third straight quarter in April-June, as solid domestic demand and a decline in imports offset headwinds from the Middle East conflict, a Reuters poll showed on Friday....
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German exports and industrial production beat expectations in June, adding to signs that Europe's largest economy gained momentum in the second quarter, though economists warn the upturn may not prove sustainable....
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Canada's economy added far more jobs in July than expected and the unemployment rate dropped to a two-year low, data showed on Friday, in another sign the economy is coping with U.S. tariffs and international tensions....
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Mexico's annual inflation slowed in July to its lowest level in more than six years, data from statistics agency INEGI showed on Friday, a day after the central bank held interest rates steady even as it expects price pressures to...
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Canadian economic activity expanded at a slower pace in July as a measure of employment declined and price increases accelerated, Ivey Purchasing Managers Index (PMI) data showed on Friday....
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The US economy lost 23,000 jobs in July. This is an unexpected slowdown in the labour market, according to data released by the Bureau of Labor Statistics (BLS) on Friday. Economists had expected the economy to add around 95,000 j...
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INDIAN CORPORATE
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Larsen and Toubro expects revenue from the unit which also develops drones and unmanned aerial systems, to triple over the next five years as it expands capacity in India's defence technology sector, a senior executive said on Fri...
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The Leela Palaces, Hotels and Resorts plans to expand its portfolio from 15 to 25 properties by 2030, on the back of sustained demand for luxury travel, premium experiences and an under-supplied high-end hospitality market even as...
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Titan Company on Friday reported a 63% year-on-year jump in consolidated net profit to Rs 1,777 crore for the June quarter (Q1FY27), beating Bloomberg consensus estimates of Rs 1,396 crore for the period, as strong operating perfo...
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Ola Electric reported its lowest consolidated net loss in seven quarters at Rs 336 crore for the quarter ended June 2026 (Q1FY27), helped by a sharp reduction in operating expenses, even as revenues fell by 45% year-on-year to Rs ...
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Hindalco Industries posted an increase of 75.1% year-on-year in net profit to Rs 7,013 crore for the first quarter of FY27, beating Bloomberg estimates of Rs 5,809 crore. The aluminium and copper major posted a net profit of Rs 4,...
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State Bank of India (SBI) on Friday turned in a strong set of numbers, posting a 10.2% year-on-year (y-o-y) rise in net profit to Rs 21,121 crore for the June quarter. Profit was driven by robust domestic loan growth of 18.15% y-o...
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COMMERCIAL LAW
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Union Commerce and Industry Minister Piyush Goyal said on Friday that India has amended its foreign direct investment (FDI) regulations to facilitate large-scale e-commerce trade and aid small businesses, artisans, farmers and fis...
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