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| IMC has enhanced its digital systems to incorporate new online features. To explore these updated processes, please visit our website: https://www.imcnet.org
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RBI
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28
May
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RBI/2026-27/93
(Delhi)
Implementation of Section 51A of UAPA, 1967: Updates to UNSC’s 1267/ 1989 ISIL
(Da'esh) & Al-Qaida Sanctions List: Removal of 7 Entries
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28
May
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RBI/DOR/2026-27/94
(Delhi)
Reserve Bank of India (Urban Co-operative Banks - Governance) Amendment Directions, 2026
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28
May
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RBI/DOR/2026-27/95
(Delhi)
Reserve Bank of India (Rural Co-operative Banks - Governance) Amendment Directions, 2026
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INDIAN ECONOMY
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India's trade deal with Oman, which came into effect on June 1, could help New Delhi secure fertiliser supplies amid West Asia conflict that has hit disrupted supplies, industry sources said.
The India-Oman Comprehensive Economic Partnership Agreement (CEPA) removes tariffs on 99 percent of Indian exports ...
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The April factory output data denotes that industrial activity is largely being supported by capex and construction-related demand than by a fully broad-based consumption cycle, economists say.
Economists expect support from government capex to continue driving momentum in IIP growth in the coming months, ...
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India's CPI inflation is expected to rise by around 70 bps to 4.8 per cent with crude oil averaging USD 90/bbl in FY27, according to a report by 360 ONE Capital. This projection comes as the ongoing conflict in West Asia and a downgraded domestic monsoon forecast introduce fresh challenges to India's macroeco...
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For nearly two decades, India’s economic rise has largely been celebrated through the lens of consumption. A growing middle class, rapid urbanisation, digital adoption, rising incomes and aspirational spending transformed the country into one of the world’s most attractive consumer markets. Global businesses ...
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Oman is ready to consider diverting its share of the production of the Oman India Fertilizer Project (OMIFCO) entirely to India if a request comes, Advisor for Foreign Trade and International Cooperation at Oman’s Ministry of Commerce Pankaj Khimji said on Monday.
OMIFCO is a joint venture between IFFCO, K...
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Amid global uncertainties, the Centre stepped up capital and revenue expenditure in April, leading to a near doubling of the fiscal deficit year-on-year to 21.4% of the annual target, according to official data released on Monday.
Data for the first month of FY27 showed that the Centre achieved 6.2% of the...
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MARKET & FINANCE
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Indian government bonds slid on Monday after oil prices jumped as fresh U.S.-Iran strikes threatened a fragile ceasefire and stoked rate-hike worries ahead of a crucial policy meeting.
The Reserve Bank of India will announce its rate decision on Friday, with markets largely pricing in a pause even as Stand...
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South Korea’s equity market has overtaken India’s as the world’s sixth largest, driven by a relentless surge in chip heavyweights powering the global artificial intelligence buildout.
The total market capitalization of Korea-listed companies has soared 86% this year to $5 trillion, while India’s has declin...
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UPI transactions hit a record high in May 2026, with the National Payments Corporation of India (NPCI) reporting 23.2 billion transactions worth Rs 29.90 lakh crore, up 24 % and 19 % respectively on an annual basis, because of summer travel, IPL 2026, and seasonal consumer spending, as per PTI. The April figu...
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GLOBAL CORPORATE
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Alphabet's plan to raise $80 billion in equity to fund artificial intelligence has put a number on a contradiction that has defined corporate technology in 2026: the companies pouring record sums into Al are also cutting tens of thousands of jobs. Alphabet said on June 1 it would raise $80 billion through equ...
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Anthropic, the maker of the Claude Al models, has filed confidentially for an initial public offering after one of the fastest revenue expansions in the technology industry's history. The company said on June 1, 2026 that it had submitted a draft S-1 registration statement to the U.S. Securities and Exchange ...
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McDonald’s unveiled its latest global growth plan at its Worldwide Convention for franchisees. A new restaurant design, better-tasting food and drinks, consumer-led innovation and improved customer service are the four cornerstones of the new plan.
The growth plan comes as the restaurants compete for a sma...
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The global smartphone market is heading for its steepest annual contraction on record, with shipments projected to slump by 13.9% this year to 1.08 billion units, Counterpoint Research said on Monday, citing a worsening shortage of memory chips.
The forecast is a downgrade from the 12.4% decline projected ...
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Government subsidies to industry have reached their highest level since the global financial crisis, driven largely by China, a report from the Organisation for Economic Cooperation and Development said on Monday.
• The OECD's Manufacturing Groups and Industrial Corporations database, known by the acronym ...
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Venezuela's oil exports rose slightly to 1.25 million barrels per day in May, its third consecutive month of increase, fueled by more cargoes to the U.S., India and Europe, shipping data showed on Monday.
Under the U.S.-supported government of interim President Delcy Rodriguez, Venezuelan crude production ...
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U.S. crude exports climbed to a record 5.6 million barrels per day in May as the Middle East crisis pushed up demand for the country's oil from Asian and European refiners, ship tracking estimates showed on Monday.
The U.S. and Israel's war with Iran triggered the largest-ever disruption to the global ener...
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Nvidia unveiled Monday new powerful chips that would bring advanced artificial intelligence functions into laptops and desktop computers, with the new personal computer models from brands including Microsoft and Dell set to roll out later this year.
While Santa Clara, California-based Nvidia has already be...
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Japan’s corporate pecking order has witnessed a major shake-up, with SoftBank Group overtaking Toyota Motor Corporation as the country’s most valuable company, Bloomberg reported. On Monday (June 1), shares of the Masayoshi Son-led conglomerate surged 14% in Tokyo trading, taking SoftBank’s market capitalisat...
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US President Donald Trump has signed a proclamation temporarily amending tariffs on copper, aluminum and iron imports.
The announcement on Tuesday morning included new rates and an expansion of existing industrial equipment categories. It also sought to incentivise foreign companies by introducing a lower ...
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Banking
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Banks have sanctioned Rs 35,000 crore loans under the Emergency Credit Line Guarantee Scheme (ECLGS) to MSMEs and industries impacted by the West Asia conflict.
The scheme, approved by the Union Cabinet on May 5, aimed at providing additional credit flow of Rs 2.55 lakh crore, including Rs 5,000 crore for ...
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GLOBAL ECONOMY
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Spain's manufacturing sector expanded modestly in May, at a slightly slower pace than in April, as disruptions linked to the Middle East conflict worsened supply delays, raised costs and weighed on demand, a business survey showed...
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Japan is on the verge of repeating the policy mishap that led to decades of economic stagnation as Iran war-induced inflation risks forcing the central bank to raise rates aggressively if it doesn't act on time, former Bank of Jap...
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Cost pressures in Italy's manufacturing sector rose for a fifth month running in May, fuelled by the conflict in the Middle East, a survey showed on Monday.
The measure of input cost inflation in the Italian S&P Global Manufact...
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Euro zone consumers kept steady or lowered their inflation expectations in April, a hopeful sign for policymakers that crucial medium-term price bets are not signalling any oversized shift away from the target, an ECB survey showe...
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Germany's manufacturing sector stalled in May as waning demand and soaring costs linked to the war in the Middle East weighed on activity, a business survey showed on Monday.
The S&P Global Germany Manufacturing Purchasing Man...
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Growth in euro zone manufacturing lost momentum in May as demand for goods stagnated and supply-chain disruptions linked to the Middle East war pushed input costs to their highest in four years, a survey showed on Monday....
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The Swiss economy grew by 0.4% in the first three months of 2026, the government said on Monday, helped by a recovery in the manufacturing sector as the burden of U.S. tariffs eased.
The figure was an acceleration from the 0.2%...
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Canada's manufacturing sector expanded for a second straight month in May as the potential for higher prices and product shortages due to the war in the Middle East likely boosted client demand, data showed on Monday....
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The Bank of Canada on Monday cautioned against putting too much weight on recent GDP data which showed two consecutive quarters of decline on an annualized basis.
Senior deputy governor Carolyn Rogers said while two quarters of...
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South Korea's consumer inflation quickened in May to a more than two-year high, exceeding market expectations on high oil prices triggered by the Middle East conflict, supporting the case for monetary tightening as early as next m...
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Australia's net trade proved to be a major drag on the economy in the first quarter as imports of data centre equipment and fuel boomed, while government spending added nothing to economic growth....
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Australian government spending was flat in the first quarter, data showed on Tuesday, offering no impetus to economic growth early in the year after a run of strong outcomes.
Spending on operational items fell 0.2% in the March...
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US manufacturing activity grew at its fastest pace in four years in May. The Institute for Supply Management’s manufacturing PMI rose to 54.0, its highest level since May 2022, marking the fifth straight month of expansion. The st...
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INDIAN CORPORATE
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The Tata Sons management sought approval for an equity infusion of approximately Rs 7,000 crore into the group's digital consumer businesses at the May 26 board meeting. The digital consumer business include platforms such as BigB...
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The footprint of Indian businesses in the UK expanded sharply this year, with the number of Indian-owned companies rising nearly 60% from a year earlier and combined revenues surpassing £105 billion, according to the latest India ...
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Realty firm Anant Raj Ltd has signed a Memorandum of Understanding (MoU) with the Haryana government to invest Rs 20,000 crore in developing large-scale data centre infrastructure across the state.
The agreement was formalised ...
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Critical minerals and battery recycling company Lohum is set to operationalise its newly acquired lithium mines in Zimbabwe in a month or two, targeting production of 30,000 tonne of lithium carbonate equivalent per year, even as ...
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