INDIAN ECONOMY
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India logged a $53.392 billion surplus from international trade in services in the second quarter, higher than the first quarter's $52.2 billion, according to Reserve Bank of India's provisional data released Friday....
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Brazil's Ambassador to India, Kenneth Felix Haczynski da Nobrega, on Friday highlighted the growing strategic and economic partnership between the two countries, saying bilateral trade is expected to soon reach USD 20 billion, with cooperation expanding across critical minerals, defence, energy, pharmaceutica...
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The government has released the 24th instalment of the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) scheme today. Prime Minister Narendra Modi released more than Rs 18,690 crore for over 9.34 crore eligible farmer families at an event in Banaskantha, Gujarat.
Under this instalment, eligible farmers have re...
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Amid concerns over rising global fertiliser prices and supply uncertainties due to crisis in the Gulf region, Prime Minister Narendra Modi on Friday said the Centre had absorbed the increase in input costs rather than passing the burden on to farmers.
Addressing a gathering in Bhildi, Banaskantha, he cited...
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The current government’s sustained policy efforts helped India record one of the fastest poverty declines in the world, Finance Minister Nirmala Sitharaman said on Friday citing data from the World Bank.
As per the World Bank, India lifted an estimated 496 million people out of poverty between 2011 and 202...
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The central government’s fiscal deficit in the first half of the current financial year accounted for 42.1% of the full year target amidst weak revenue growth and higher expenditure on subsidies and capital investment, data released by the Controller General of Accounts (CGA) on Friday showed.
In the same ...
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India’s crude oil imports are set to hit an all-time high of 5.63 million barrels per day (bpd) in October, rising more than 5% from September as a surge in Atlantic Basin shipments and continued Russian supplies more than offset lower arrivals from the Middle East, according to data from commodity analytics ...
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MARKET & FINANCE
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To simplify the compliance process for foreign portfolio investors (FPIs) registered in India, markets regulator Sebi on Friday extended the periodicity of Know Your Client (KYC) review from one year at present to eight years....
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Banks lent more to NBFCs than to home buyers in the first half of FY27, with advances to non-bank lenders rising by Rs 1.8 lakh crore, compared with Rs 1.4 lakh crore for housing. Of the Rs 16.1 lakh crore incremental non-food credit added between March 31 and Sept 30, industry accounted for Rs 3.7 lakh crore...
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India’s foreign exchange reserves declined by $1.269 billion to $719.748 billion in the week ended October 30, according to data released by the Reserve Bank of India (RBI) on Friday.
The latest fall follows a sharper decline of $5.011 billion in the previous reporting week ended October 16, when the count...
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GLOBAL CORPORATE
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Panasonic Holdings raised its full-year operating profit forecast by 20% to 710 billion yen ($4.5 billion) on Friday, helped by a range of factors including stronger-than-expected AI-related demand.
• The Japanese company lifted its group operating profit forecast for the year ending March 2027 from 590 b...
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ExxonMobil beat Wall Street expectations for third-quarter profit on Friday, as soaring refining margins driven by the US-Israeli war on Iran and Ukrainian strikes on Russian refineries boosted the largest US oil producer’s earnings. ...
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Monday will ring in a brand-new trading month, a prospect that appeals to many after a doozy of a last session in October.
A fresh test of this year’s technology rally sent the Nasdaq composite on Friday to its biggest decline since June. Chipmaker Intel and social media firm Reddit fell 29% and Sandisk, a c...
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S&P Global Ratings on Friday revised its outlook on Meta Platforms to "negative" from "stable", citing significant uncertainty around its capital spending and free operating cash flow.
Meta has been pouring money into advanced chips and data centers to compete more aggressively with AI market leaders, erod...
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AI startup OpenAI has slashed the target for its latest funding round by $10 billion and is now seeking to raise $20 billion at a $1.25 trillion valuation, the Financial Times reported on Friday, citing people with knowledge of the matter....
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Amazon has seen its largest ever free cash flow loss after investing billions into its artificial intelligence and cloud infrastructure. It has resulted in Amazon reporting a negative free cash flow of $42.4 billion for the 12 months ending on September 2026, compared with a positive $14.8 billion in the same...
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US oil companies are investing to squeeze out more fuel from refineries and bringing shuttered plants back online in response to conflicts in Russia and Iran that have crimped supplies.
ExxonMobil Chief Executive Darren Woods said Friday the company had achieved "record fuels utilization" outside of the Mi...
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Banking
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The government on Friday constituted the High-Level Committee on Banking for Viksit Bharat, headed by former banker and Central Vigilance Commissioner Suresh N. Patel, with broad terms of reference (ToR) aimed at undertaking comprehensive reforms in the banking sector.
The Committee will review India’s ban...
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Reflecting buoyancy in the economy at cusp of busy season and festivities, the pace of bank lending to industry and services sector rose sharply in September 2026 over a year ago period. The overall credit grew by 19.1% year on year at the end of September 2026, up from 11.2% a year ago, Reserve Bank of India...
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GLOBAL ECONOMY
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United States President Donald Trump's economic agenda has delivered robust growth and strong investment but failed to reduce the trade deficit, according to a study by the German Economic Institute IW seen by Reuters on Friday....
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China's factory activity was likely flat in October from the previous month, as the manufacturing sector continued to move at two speeds, with advanced manufacturers racing ahead and legacy ones still under pressure.
The offici...
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The French economy unexpectedly shrank in the third quarter, while October inflation accelerated to the highest level since late 2023, due to what Economy Minister Roland Lescure described as an unprecedented mix of external and i...
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The number of people out of work in Germany rose slightly less than expected in October, labour office figures showed on Friday, as the autumn revival in the labour market remained subdued.
In seasonally adjusted terms, the job...
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Inflation fell in several key German states in October, preliminary data showed on Friday, suggesting Germany's national inflation rate could also decrease this month.
• In Bavaria, the inflation rate fell to 2.8% in October fr...
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The euro zone economy grew quicker than predicted last quarter, Eurostat data showed on Friday, remaining resilient to headwinds from expensive energy as investments and consumption held up.
Economic growth slowed to 0.4% in th...
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Uganda's inflation rate rose to a 3-year high of 5.8% in October, the country's statistics office said on Friday, a move that follows a sharp slump in its shilling currency in recent months and a jump in oil and food prices....
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Canada's economy stalled in August for the second straight month as increases in the retail, manufacturing and construction sectors were largely offset by a drop in activity in wholesale trade and public administration, data showe...
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US labor costs increased moderately in the third quarter, pointing to benign wage inflation.
The Employment Cost Index (ECI), the broadest measure of labor costs, rose 0.8% last quarter after increasing 0.9% in the April-June p...
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Mexico's economy slowed in the third quarter from the previous three-month period, a preliminary estimate from national statistics agency INEGI showed on Friday, beating analysts' expectations.
Gross domestic product in Latin A...
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Canada recorded a substantially lower C$5.36 billion ($3.84 billion) budget deficit for the first five months of the 2026/27 fiscal year as government revenues grew faster than expenses, the finance ministry said on Friday.
By ...
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Less than a week after Brazilian President Luiz Inacio Lula da Silva's re-election, members of his government and Workers Party (PT) are drawing red lines around potential tougher spending measures, underscoring the challenge of s...
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Credit ratings agency Fitch on Friday revised France's outlook to "negative" from "stable", warning that deteriorating fiscal conditions and political fragmentation are undermining debt stabilization prospects.
The agency point...
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INDIAN CORPORATE
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Lodha Developers is riding strong housing demand, with sales bookings rising 10% year-on-year to Rs 5,037 crore in the September quarter.
But as the real estate major expands into new markets and targets higher sales, it is kee...
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GAIL posted a more than two-fold year-on-year increase in its Q2 FY27 net profit to Rs 4,724 crore as compared to Rs 1,989 crore reported in the year-ago period. Its profit inched up 1% sequentially from Rs 4,671 crore in Q1 FY27....
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NTPC Green Energy posted its Q2 FY27 net profit at Rs 137.5 crore, jumping 60% year-on-year from Rs 87.6 crore reported in the year-ago period. However, on a sequential basis profit declined 55% as compared to Rs 305 crore in Q1 F...
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Defence public sector undertaking (PSU) Bharat Electronics Limited (BEL) reported a 19.8% year-on-year (YoY) increase in consolidated net profit to Rs 1,541 crore in the second quarter of financial year 2026-27, compared with Rs 1...
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Reliance Industries reported a 40.64% year-on-year rise in consolidated net profit to Rs 25,548 crore in Q2FY27, compared with Rs 18,165 crore in the corresponding quarter last year.
The company reported its highest-ever quart...
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Jio Platforms (JPL) on Friday reported an 8% sequential rise in consolidated net profit for the September quarter, marking its first earnings disclosure since its listing on the stock exchanges earlier this week....
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Reliance Retail, the country’s largest organised retailer, on Friday reported a 24.5% year-on-year (y-o-y) decline in net profit to Rs 2,619 crore in the September quarter, due to higher investments in its quick commerce business ...
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Tata Trusts Chairman Noel Tata has sought to put two contentious issues before the Tata Sons board: a restructuring that could help the holding company avoid a stock market listing, and a Rs 25,000-crore proposal to facilitate the...
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Insolvency
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India’s insolvency regulator has tightened real estate resolution rules to prioritise project completion, home delivery and homebuyer oversight. An amendment notified Friday mandated independent construction assessments, delivery ...
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