INDIAN ECONOMY
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The finance ministry on Wednesday said that swifter policy responses and their implementation are critical to encourage foreign and domestic investment in the economy and underlined the need for reimagining responses to deal with global challenges.
"There is no doubt that the economy has continued to demonst...
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India's crude oil imports from Russia may even touch a new record high of 3 million barrels per day if the shipment disruptions through Strait of Hormuz and even Red Sea continue, according to a Kpler analysis.
Kpler, a global real-time data and analytics provider has said that India's reliance on Russian cr...
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Maharashtra has emerged as the largest contributor to states' tax revenue in recent years since the implementation of the Goods and Services Tax (GST), supported by its high domestic consumption and large services sector, according to a report by India Ratings and Research (Ind-Ra).
The rating agency said...
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The government on Wednesday released the second sub-sectoral trial Index of Services Production, which showed eight out of the 19 sub-sectors of formal services recorded double-digit growth in May 2026.
The Ministry of Statistics & Programme Implementation (MoSPI) released the Index of Services Production ...
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The finance ministry on Wednesday stressed the need for faster policy responses and stronger implementation to attract both domestic and foreign investment, Times of India reported, saying India must "reinvent itself" to navigate mounting global uncertainties and sustain long-term economic growth.
In its l...
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Discounts on Russian Urals crude oil delivered to India have dropped to between $1 and $2 a barrel against the dated Brent benchmark this week because of supply concerns, three trade sources said.
Stronger demand from Indian refiners was linked to renewed hostilities in the Iran war and disruptions to ship...
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The rupee’s bumpy ride continues. So far this year, the Indian rupee has depreciated by over 6% and has been on a downward trajectory despite the recent slew of measures introduced by the Reserve Bank of India. The weakness in the domestic currency has mostly been attributed to foreign capital outflow and the...
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The current financial year is the first in which the government shifted from budget deficit to debt stock as the main anchor of fiscal consolidation. But with the size of nominal gross domestic product (GDP) falling in the new GDP series, the starting point itself has changed. This and fresh fiscal challenges...
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A sustained rise in global crude oil prices could put pressure on India’s fiscal deficit and the current account balance, the finance ministry said in a report on Wednesday. While stating that India’s economic conditions remain robust, despite heightened global uncertainties, the ministry perceives “upside ri...
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India’s services sector output growth slowed sharply in May from a month ago, according to the trial Index of Services Production (ISP) released on Wednesday by the Ministry of Statistics and Programme Implementation (MoSPI).
All but two of the 19 sectors tracked under ISP saw slower growth in May compared...
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ndia will continue to grow its exports to the US and leverage the large opportunity as long as it has tariff advantage or comparable duties against its competitors, Commerce and Industry Minister Piyush Goyal said in response to a question on imposition of 10% Section 301 duties.
The US has imposed extra d...
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MARKET & FINANCE
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U.S. Treasury yields broke a three-day run of declines on Wednesday, as crude oil prices jumped following a renewed flare-up in the Iran conflict, ahead of the Federal Reserve's interest rate decision later on.
Investors broadly expect the Fed to hold its main lending rate steady, though there is some scep...
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PSU power producer NTPC plans to invest around Rs 17 trillion ($177.62 billion) through fiscal year 2037 as it works to expand its generation capacity to 250 gigawatts, nearly triple its current portfolio, Reuters quoted a company executive.
Financialexpress.com could not verify the news independently. We ...
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GLOBAL CORPORATE
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The U.S. Army awarded Lockheed Martin a contract worth up to $58.6 billion to produce Patriot interceptor missiles, the Pentagon said on Wednesday, as conflicts in Iran and Ukraine strain U.S. weapons stockpiles.
The U.S. has supplied large quantities of weapons to allies while also using munitions in its ...
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Samsung Electronics said on Thursday it expects chip shortages to worsen and extend into 2028, after it posted a more than 250-fold jump in chip profit, countering investor concerns that feverish AI spending by major technology firms may slow and curb growth.
Shares in the world's top memory chipmaker su...
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The Trump administration on Tuesday announced new restrictions on Chinese-made robots and power inverters, saying the move is needed to protect the US artificial intelligence industry from national security threats and bring the manufacturing of important technologies back to the country, Reuters reported.
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Banking
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Banks are likely to become more selective in accepting land and buildings as part of bad-loan settlements after the Reserve Bank of India (RBI) tightened governance, valuation and disposal norms for specified non-financial assets (SNFAs). SNFAs include residential and commercial properties, industrial land, w...
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GLOBAL ECONOMY
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South Korean exports likely extended robust growth in July, with the pace weakening from a near-half-century high but posting the second-strongest gains in the current winning streak led by surging AI chip demand, a Reuters poll s...
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The International Monetary Fund has reached a staff-level agreement with Bolivia on a $1.9 billion financing program, the IMF said on Wednesday, as the country seeks to stabilize an economy facing its deepest crisis in decades....
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Japan's government cut its economic growth forecast for the current fiscal year on Thursday, as higher oil prices linked to Middle East tensions squeeze household spending and corporate profits....
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The U.S. economy likely maintained a steady pace of growth in the second quarter, supported by stronger consumer spending and robust business investment in equipment tied to the buildout of artificial intelligence infrastructure....
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The French economy grew by 0.2% in the second quarter from the first, official data showed on Thursday, helped by a recovery in household spending and exports....
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China's factory activity growth likely stagnated in July, as weak domestic consumption and cost pressures from the Middle East War offset the boost to production from strong global demand for Chinese goods....
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The US Federal Reserve on Wednesday kept its benchmark interest rate unchanged at 3.5% to 3.75%, but the decision was not unanimous as three policymakers voted in favour of raising rates by 25 basis points....
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INDIAN CORPORATE
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Ahead of Tata Sons Chairman N Chandrasekaran’s reappointment that would be taken up in the conglomerate’s Annual General Meeting that is scheduled to be held on August 18.
The veteran’s reappointment has meanwhile been the focu...
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Mahindra & Mahindra reported higher quarterly profit on July 30 as strong demand for its high-margin sport-utility vehicles helped cushion the impact from the Middle East war.
The maker of the Scorpio and Thar SUVs posted a 7%...
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Fitch Ratings on Wednesday projected aggregate revenue for rated corporates to rise by 9 per cent in the current fiscal, stronger than the 5 per cent estimated for FY26, which would keep credit metrics of Indian companies stable....
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Colgate Palmolive (India) posted a 7% year-on-year increase in its net profit for the first quarter of financial year 2027 to Rs 343 crore from Rs 320 crore reported in the year-ago period. Sequentially, the company’s profit decli...
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Adani Ports & Special Economic Zone (APSEZ) posted a 10.23% rise in its consolidated net profit to Rs 3,649.50 crore in Q1FY27, up from Rs 3,310.60 crore reported in Q1FY26.
The Gautam Adani-led company reported revenue from th...
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The Coca-Cola Company continues to consider India as an attractive long-term growth opportunity and plans to increase investments aimed at bringing more consumers into its portfolio, CEO Henrique Braun stated.
The beverage majo...
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FMCG major Dabur reported a 15% YoY increase in consolidated net profit at Rs 591 crore for the first quarter ended June 30, 2026, beating street estimates, driven by broad-based growth across its portfolio, premiumisation and ope...
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Larsen & Toubro Carbonlite Solutions has bagged an order from NTPC for a Limited Notice to Proceed (LNTP) for a 1,600 MW Thermal Power Plant in Chhattisgarh. The contract falls within the ambit of a mega order valued at 10,000-15,...
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Asian Paints beat June-quarter estimates on all fronts led by price hikes and stable demand conditions. The company’s consolidated net profit rose 39.9% year-on-year (YoY) to Rs 1,539 crore, compared with Rs 1,100 crore in the cor...
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