INDIAN ECONOMY
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India’s GDP can reflect a three percentage point jump if MSMEs grow by just 10%, Rajiv Talreja, Founder of Bengaluru-based training company Quantum Leap said while talking about the collaboration with ASUS India in the capital on Monday. “The economy can grow once MSMEs grow. Imagine if the MSMEs that contrib...
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India's economic growth is likely to remain above 7 per cent in FY27, with the investment and export cycles expected to increasingly offset a moderation in consumption and the fading impact of domestic policy support, according to a latest report by SBI Funds Management (SBIFM) Research.
The fund management ...
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Prime Minister Narendra Modi on Tuesday inaugurated, dedicated and laid the foundation stones for development projects worth more than Rs 35,000 crore in Vadodara, including key sections of the Western Dedicated Freight Corridor (WDFC), railway and highway projects.
The event also marked the completion of th...
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West Bengal Chief Minister Suvendu Adhikari on Monday said years of “fiscal mismanagement” had left the state “practically bankrupt” and that his government would need at least a year to pull it out of financial distress.
The description is politically loaded, but it points to a real problem. West Bengal h...
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In a relief to exporters, the UK has agreed to deduct the carbon price paid by them in India from their liability under its Carbon Border Adjustment Mechanism (CBAM) which comes into force January 2027.
The UK has informed India that its carbon credit trading scheme (CCTS) is as per the provisions of its l...
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MARKET & FINANCE
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Credit outstanding of non-banking financial companies (NBFCs), including housing finance companies (HFCs), grew 14.9% year-on-year to Rs 59.89 lakh crore in July, according to data released by the Reserve Bank of India (RBI). Overall NBFC credit had increased 10.6% on year in July 2025.
Outstanding credit ...
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With India’s system liquidity hitting a surplus of Rs 11.16 lakh crore, and inflation looming over the Reserve Bank of India’s target, the central bank’s money market operations are now in high focus.
Following higher than forecasted inflows through its special schemes, the banking system mobilised $136.4...
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The Securities and Exchange Board of India (Sebi) on Monday removed the requirement for foreign portfolio investors (FPIs) investing only in government securities through the general route to furnish investor group details. The move is aimed at providing greater ease of investment to foreign investors.
The...
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GLOBAL CORPORATE
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Israel's Aurelius Capital and Volkswagen's home state of Lower Saxony plan to take over the German automaker's Osnabrueck plant and convert it to defence production, in a move labour officials said could preserve about 1,400 of the site's 1,800 jobs.
The deal offers a potential blueprint for other Volkswag...
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Airbus ?jet ?deliveries rose 9% in ?the first eight months of 2026, ?leaving the European planemaker broadly on track to ?meet its target for ?the year, but with some catching-up ?to ?do on its A330 jet following a production ?snag, data showed on Monday.
Airbus said in a monthly bulletin that it had deliv...
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Canada's retaliatory tariffs on U.S. goods took effect just after midnight on Tuesday as Prime Minister Mark Carney increased economic pressure on his country's biggest trading partner after negotiations collapsed last month, intensifying an 18-month-old trade war.
The counter-tariffs cover $20 billion of U....
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US President Donald Trump called for a boycott of Canada’s Bombardier jets in the United States, while also threatening the Canadian dollar, as Canada’s retaliatory tariffs are set to take effect at 12:01 am on Tuesday (local time). These counter-levies, ranging from 15% to 50%, will apply to billions of doll...
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Banking
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HDFC Bank on Monday cut its marginal cost of funds-based lending rate (MCLR) by 5-10 basis points across tenures, potentially setting the stage for greater competition on lending rates.
The revision, effective September 7, brings HDFC Bank’s MCLR down to 7.90-8.60%, from 8.00-8.65% in August, according to ...
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GLOBAL ECONOMY
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China's exports likely grew at ?a ?faster pace in August, ?a Reuters poll showed, indicating that the world's second-largest economy will ?continue to rely on external demand to shore up growth as domestic weaknesses persisted.
...
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German industrial production fell unexpectedly in July, ?dragged ?down by a sharp drop in car ?manufacturing, and economists do not expect the recent pickup in factory orders to boost output before ?the fourth quarter.
Industri...
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China's foreign ?exchange reserves rose ?more than expected ?in August, central ?bank ?data ?showed on Monday, as the ?dollar extended its weakness.
The country's ?foreign exchange reserves — the ?world's ?largest — stood ?at $...
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British retail sales ?growth ?slowed to a four-month low ?in August as a surge driven by record-hot ?weather earlier in the summer faded, figures from the British Retail Consortium trade ?body showed on Tuesday....
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Colombia's ?consumer ?prices rose 0.39% ?in August, the country's DANE statistics ?agency said on Monday, taking annual price growth ?to 6.24%.
The August figure ?was above the 0.26% median forecast ?of ?analysts polled by Reut...
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Japan's real ?wages ?rose 2.4% in July ?from a year earlier, marking the biggest increase since ?May 2021 and the seventh consecutive month of gains, government data showed on Tuesday, ?signalling that pay trends were ?gradually r...
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japan's economy grew faster than initially ?estimated ?in the April-June quarter from the ?previous three months, supported by business spending that was less weak than the ?first reading, revised data showed on Tuesday....
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Britain’s finance minister John Healey, in his first major speech since taking office seven weeks ago, set out the government’s plans to boost economic growth, attract private investment and reduce costs for businesses ahead of th...
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INDIAN CORPORATE
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Singapore’s transport minister on Tuesday defended Singapore Airlines’ investment in Air India, saying the carrier needs to expand overseas because there is a limit to how many people will fly to and from the city-state.
Respondi...
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Hindustan Aeronautics has secured another large defence order, but the bigger story in CLSA’s latest report is what the company could win after the 138-helicopter procurement. The brokerage house retained its ‘Outperform’ rating a...
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GST
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The GST Council may discuss tweaking the tax structure for renewable energy engineering, procurement and construction (EPC) contracts at its October meeting, government sources told Moneycontrol.The council may consider slashing the goods and services tax (GST) on the services component of these contracts to ...
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In cases where a dispute regarding liability exists but the demand amount is reflected as "NIL" or "Zero" in the demand order, and payment has been made by the taxpayer prior to the issuance of the demand order, the previous validation restricting the filing of an appeal against such demand orders has been re...
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The 57th Goods and Services Tax (GST) Council meeting is likely to take stock of the impact of last year’s sweeping rate rationalisation before considering any fresh broad-based reduction in GST rates, people familiar with the matter said. The meeting, originally scheduled for September 12, has now been resch...
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