INDIAN ECONOMY
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India, Australia and Canada are set to strengthen cooperation in technology and innovation, with the three countries signing the Australia-Canada-India Technology and Innovation (ACITI) Partnership Memorandum of Understanding (MOU), on Thursday....
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As the Reserve Bank of India (RBI) continues ts forex diversification strategy, India's noldings of US Treasury securities are down co almost a six year low. As per US Federal Reserve data, India's exposure to US Treasuries has dropped to $181 billion in April this year.
The reduction in US government debt n...
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India's consumer inflation likely breached the central bank's medium-term target of 4% in June for the first time in 16 months, according to a Reuters poll, as higher food and fuel prices, the U.S.-Iran war and a weak monsoon added to cost pressures.
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India has urged the United States to address concerns over proposed tariffs linked to forced labour through the ongoing bilateral trade agreement (BTA) negotiations rather than unilateral action, while questioning inconsistencies in Washington's tariff framework during a public hearing before the US Trade Rep...
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Economist and author Surjit Bhalla on Wednesday said that a comprehensive India-US trade agreement could reshape India’s economic trajectory and help the country realise its Viksit Bharat vision by 2047. Bhalla told ANI that the agreement should be India’s top economic priority as it would boost technology ac...
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The Joint Committee (JC) reviewing the ASEAN-India Trade in Goods Agreement (AITIGA) has laid down timelines for sub-groups dealing with specific policy areas to expedite the process. “To
maintain the momentum of negotiations, the Sub-Committees were assigned time-bound deliverables and encouraged to work ...
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Over 42% surplus rainfall in July has reduced the overall monsoon rainfall-deficit to 15.2% from 40% at June-end, with a reduction in the number of districts witnessing a shortfall in rains to 178 from 262, agriculture minister Shivraj Singh Chouhan said on Wednesday....
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The Centre’s FY27 capex is firmly on track with no restrictions on departments despite fiscal headwinds from global uncertainties, sources said.
“Capex is going on well. We have not restricted anything,” a senior official told FE.
For FY27, the Centre has budgeted capital expenditure to rise 14.3% on ye...
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Indian refiners’ medium-to-long-term plans to explore crude purchases from Iran may be hit after the US revoked sanctions waivers on Tehran’s energy supplies amid a flare-up in tensions in West Asia.
The latest escalation, which pushed Brent crude up 8% to above $80 a barrel, brought energy-security risks ...
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MARKET & FINANCE
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Indian government bonds were hemmed in to a narrow range on Thursday, after a sharp selloff in the previous session, when surging oil prices and higher U.S. Treasury yields pressured local debt on signs that a U.S.-Iran interim peace deal is unraveling.
The U.S. military said on Wednesday it launched fresh...
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While domestic inflows through mutual funds are seen to have contributed significantly in providing stability to the Indian markets in the last two years, their total assets now have surpassed the holdings of foreign investors for the first time.
According to monthly data shared by NSDL, assets under cust...
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GLOBAL CORPORATE
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Tech giant Meta announced Wednesday it will build a massive data center in central Alberta, the company's first in Canada, as it rapidly builds out computing capacity to support the global AI boom....
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The U.S. Senate Commerce Committee will vote on July 15 on bipartisan legislation to toughen a U.S. government ban on Chinese automakers entering the American market....
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The U.S. coffee industry asked the Trump administration on Wednesday to keep Brazilian green coffee exempt from tariffs, during a session of public consultation that is reviewing tariffs on Brazilian imports. ...
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Australia's Steadfast said on Thursday that Amwins Group and Dragoneer Investment had reaffirmed their takeover proposal valuing the insurance broker at A$7.7 billion ($5.34 billion), prompting a four-week extension of the exclusivity period.
Here are some details:
• The consortium reaffirmed its offer...
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Companies in the Gulf, some of the most directly affected by the Iran war, will provide one of the clearest insights so far of its regional financial impact when they begin reporting their second-quarter earnings this week.
In countries from Saudi Arabia and Oman to the United Arab Emirates and Qatar, comp...
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Corporate buyout and private equity activity in Japan is in the "early innings" and the country's stock market is well placed for consolidation, Goldman Sachs Asset Management's Stephanie Hui told the Reuters NEXT Asia event in Singapore on Thursday....
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Banking
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State-owned Punjab & Sind Bank on Wednesday said it has received the licence from the International Financial Services Centres Authority (IFSCA) to establish an IFSC Banking Unit (IBU) at GIFT City, Gandhinagar.
This marks a step in the bank's journey towards expanding its international banking presence an...
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Private sector lenders are set to outdo public sector banks in bottom-line performance this quarter, as India's banking sector heads into the April - June results season with resilient operating fundamentals despite lingering macro concerns.
Analysts estimate profit after tax (PAT) at private lenders would...
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GLOBAL ECONOMY
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The global economy has been broadly resilient to the shock from the war in the Middle East, the heads of the International Energy Agency, International Monetary Fund, World Bank Group and World Trade Organization said in a joint s...
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New Zealand's manufacturing activity rose sharply in June as businesses reported a renewed sense of confidence amid stronger sales and fuller order books despite the conflict in the Middle East and cost-of-living pressures....
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The Bank of Japan said on Thursday the U.S.-Israeli war on Iran is likely to prod more firms to raise prices later this year, signalling caution over mounting inflationary pressures that could bolster the case for further interest...
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German exports rose unexpectedly in May, increasing by 0.9% compared with the previous month, data from the federal statistics office showed on Thursday.
The result compared with a forecast 0.3% decrease in a Reuters poll....
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A worsening shortage of skilled workers could delay construction of new semiconductor plants across the US and limit future chip output, unless industry players pool resources and government funding continues, Bloomberg reported....
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Global growth is cooling this year and the reason is not hard to spot — an energy shock from the Iran war has rippled through economies everywhere. Yet in the middle of that slowdown, India is still managing to stand out....
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INDIAN CORPORATE
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Tata Group expects its automotive business, including passenger and commercial vehicles, to grow to $100 billion in the next five years. Speaking at the 81st Annual General Meeting of the Tata Motors Passenger Vehicles (PV), Chair...
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India’s telecom companies head into the June-quarter earnings season with a familiar story getting a new twist: Bharti Airtel keeps growing, but increasingly it’s the African market doing the heavy lifting, while Vodafone Idea, af...
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JSW Energy has commissioned 1,081 MW of renewable energy capacity in Q1FY27, taking its total installed power generation capacity to 14,535 MW.
JSW Energy said in its regulatory filing said that the newly added capacity include...
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The share price of Tata Steel fell nearly 1% in early trade after the company released its provisional business update on July 8, after market hours. For Q1FY27, Tata Steel India’s crude steel production increased 11% year-on-year...
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SEBI
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The fee structure for Foreign Portfolio Investors (FPIs) and Foreign Venture Capital Investors (FVCIs) has been replaced by Securities and Exchange Board of India (SEBI), news agency PTI said, citing a notification by the markets ...
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