INDIAN ECONOMY
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India's economy ended the first quarter of FY27 on a strong footing with various high-frequency indicators showing robust growth in June, reflecting resilience despite the West Asia war and other external headwinds.
Gross goods and services tax (GST) collections rose 13.9% to Rs 1.95 lakh crore in June fro...
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Global personal wealth witnessed an extraordinary 10.8% growth in 2025, its fastest growth in at least three years, shows a new UBS report.
While the USA remains the primary millionaire factory, India outpaced many developed markets in growth.
India’s wealth is rooted in real assets rather than financia...
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India is unlikely to raise its official inflation target and there may be a case for lowering it over the long term, Reserve Bank of India Governor Sanjay Malhotra said at an event in Russia on Wednesday.
The country's inflation-targeting framework has helped lower average inflation, the central bank chief...
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India is fast-tracking efforts to sell stakes in some of its largest state-owned companies, including the nation’s biggest life insurer, as Prime Minister Narendra Modi’s administration looks to bolster public finances strained by high oil prices.
Life Insurance Corp. of India, Hindustan Zinc Ltd., and sev...
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Ahead of the July 24 expiry of 10% tariffs imposed by the United States, exporters of chemicals, textiles, carpets and leather goods said they are getting more enquiries from their American clients than in the past few months but these are yet to translate into orders. Uncertainty over Section 301 tariffs and...
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Japanese private companies are set to inject a massive $12.5 billion into the rapidly growing Indian market through approximately 120 cooperation agreements at the 16th Japan-India Annual Summit, coinciding with Prime Minister Sanae Takaichi's first official visit to New Delhi on Thursday.
In a post on X, ...
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The Uttar Pradesh Defence Industrial Corridor (UPDIC) has attracted investment proposals totalling Rs 39,571.09 crore as it shifts from planning to production, state government officials said. This underlines the corridor’s growing role in India’s defence-manufacturing push and Uttar Pradesh’s $1 trillion eco...
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As new synchronised steel trade measures by the UK and European Union (EU) came into effect on Wednesday, India preserved its competitive advantage in both markets. New Delhi’s free trade agreements with both trading partners have enabled it to make relative gains....
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India’s white-collar hiring has entered a sustained slowdown after touching a high in February, with companies pulling back on fresh recruitment. According to the latest foundit report, the hiring index has fallen for four consecutive months – from 404 in February to 385 in March, 370 in April, 348 in May and...
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MARKET & FINANCE
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Private equity and venture capital (PE-VC) investments fell 5% year-on-year during the Jan-June period of CY2026 to $17.5 billion, compared with $18.4 billion in the corresponding period of CY2025. PE-VC investments, excluding those in the real estate sector, remained flat at $1.9 billion in June 2026, accord...
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Average daily UPI volumes rose to 75.7 crore in June from 74.8 crore in May, up 1.2% month-on-month, while average daily value held steady at Rs 96,405 crore against Rs 96,465 crore, down 0.1%. According to National Payments Corporation of India, this stability in daily run rates came even as headline monthly...
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Bloomberg's index committee is expected to meet mid-July to review whether Indian government bonds should be included in its Global Aggregate Index, with market participants anticipating a positive decision from the panel.
Tax exemptions on interest income and capital gains have been a key factor in Bloomb...
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Indian government bonds gained in early trade on Thursday, shrugging off a jump in U.S. Treasury yields, supported by easing oil prices and growing foreign appetite in anticipation of their potential inclusion in a Bloomberg bond index.
The benchmark 6.94% 2036 bond yield traded at 6.7207% by 11:15 a.m. IS...
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South Korean stocks extended their steep decline on Thursday, with the benchmark index tumbling as much as 8.2% (687 points), marking a second straight day of losses and taking the cumulative drop over the two sessions to 10%. The selloff gathered pace after Meta Platforms Inc.'s plans to sell computing power...
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South Korea’s currency, the Won, is falling close to its weakest level since the 2008-09 global financial crisis. Normally, a country that is selling more goods to the world would see its currency become stronger. But South Korea is seeing the opposite.
As reported by Bloomberg, the Won weakened to around ...
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The Reserve Bank of India (RBI) has restored the definition of “indirect receipt of public funds” in its master directions for classifying upper-layer NBFCs.
In a footnote added on Wednesday, effective July 1, 2026, the RBI reintroduced the definition of indirect receipt of public funds as “funds received ...
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GLOBAL CORPORATE
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China has introduced sweeping new regulations to tighten scrutiny of overseas investments, with the framework coming into effect on Wednesday amid growing technological competition with the United States.
The new rules, announced by China's State Council on June 1, provide Beijing with a broader legal framew...
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OpenAl has reportedly considered giving the Trump administration a 5 per cent stake in the company as Al firms face growing scrutiny in Washington over the potential misuse of advanced models and whether Americans should share in the sector's profits....
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General Motors on Wednesday reported a 4.2% drop in U.S. auto sales during the second quarter, as inflationary pressures kept some new vehicle buyers at bay.
The automaker notched quarterly sales of 714,896 units compared with 746,588 units a year earlier. ...
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The U.S. government is in advanced talks with AI companies to create voluntary standards for the release of new models, with an announcement possible as soon as next week, the Financial Times reported on Wednesday, citing sources.
• Washington has tightened oversight of new model releases to flag risks a...
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Samsung Group detailed plans on Thursday to invest 140 trillion won ($90 billion) for production of display panels, batteries, chips and chip materials in the central province of Chungcheong.
• Samsung Display to spend 67 trillion won in Asan and Cheonan, while Samsung Electronics to invest 56 trillion to ...
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The European Union rolled out two measures to protect its steel industry and limit e-commerce small parcels on Wednesday as the 27-nation bloc grapples with its staggering trade imbalance with China.
"Today's change is about restoring fairness for European businesses and better protecting our consumers," E...
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The race for the next generation of computing is moving beyond traditional processors. Nvidia’s push into AI-focused chips for personal computing and AMD’s expansion of its Ryzen AI portfolio have intensified a new battle – one where artificial intelligence is becoming the defining workload for the next era o...
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Banking
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Bank credit to the corporate sector is growing faster than loans to individuals as companies increasingly shift to the loan market from bond financing to save costs amid rising corporate bond yields.
Bank credit to industry including large and small companies grew 18% year-on-year in the fortnight ended Ma...
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Public sector banks (PSBs) are raising fresh term deposit rates, even as private sector peers pare theirs, in a bid to arrest a decade-long erosion in their share of the deposit market, showed Reserve Bank of India (RBI) data.
The weighted average fresh term deposit rate at public sector banks rose 15 basi...
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The Jammu and Kashmir Bank on Thursday said its total business has crossed the Rs 3 trillion mark in the first quarter of this fiscal, driven by over 16 per cent growth in deposits and more than 25 per cent growth in gross advances.
The Bank has registered total business of Rs 3.04 trillion, (Rs 1.73 trill...
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India's private credit market is rapidly moving into the mainstream as companies increasingly bypass traditional bank loans for large and customised financing, with Moody's Ratings saying the asset class is poised for sustained growth as funding needs rise in the country's expanding economy.
In a report pu...
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GLOBAL ECONOMY
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Sri Lanka has regained upper-middle income status just three years after a severe economic crisis brought the country to the brink of collapse in 2022.
The World Bank, in its latest income classification update released yesterd...
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Mexico's peso will likely hold steady near the middle of its well-established trading range at least into the first half of 2027, a Reuters poll found, supported by foreign exchange market expectations for an economic recovery. ...
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U.S. manufacturing activity slowed in June after surging in the prior month, likely as some of the lift from businesses front-loading orders to avoid shortages and higher prices caused by the Middle East conflict faded....
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South Korea's consumer inflation accelerated to a two-and-a-half-year high in June, cementing expectations for an interest rate hike by the central bank as early as its upcoming policy meeting on July 16....
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Australia's balance on goods trade in May unexpectedly swung to the largest deficit in over a decade, data showed on Thursday, as exports of gold and iron ore fell sharply....
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U.S. job growth likely slowed to a still-solid clip in June, with the unemployment rate expected to hold steady at 4.3% for a fourth straight month, consistent with a stable labor market....
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British business confidence fell to its lowest since 2022 as the Iran war, which pushed up costs, saps expectations for future sales, a survey of accountants showed on Thursday....
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The United States Supreme Court ruling on birthright citizenship isn’t just a win for the immigrant community but also for the US economy. According to the Center for Migration Studies estimates that beneficiaries of birthright ci...
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INDIAN CORPORATE
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State-owned CIL on Wednesday said coal production dropped 7.5 per cent to 169.6 million tonne (MT) in the first quarter of current fiscal year.
The drop came despite robust demand from the power sector, which has seen unprecede...
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Adani Group and Abu Dhabi-based investment conglomerate International Holding Company (IHC) plan to jointly invest $11.5 billion over the next few years to build a mega aluminium plant that could catapult India's total capacity by...
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Hero MotoCorp, India’s largest two-wheeler manufacturer, has committed an investment of Rs 3,200 crore in Andhra Pradesh, aimed at transforming Tirupati into a global manufacturing and electric mobility hub.
The announcement w...
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GST
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It is informed that various doubts, queries and representations received from taxpayers, trade, GST Suvidha Providers (GSPs) and other stakeholders regarding the mandatory capture of the Ship-to field in E-Way Bills and the voluntary closure of E-Way Bills have been examined. Accordingly, a comprehensive set ...
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