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INDIAN ECONOMY
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Commerce and Industry Minister Piyush Goyal has held discussions with executives of semiconductor equipment maker ASML, chipmaker Nexperia, IKEA operator Ingka Group and clean-energy company Power2X, as India seeks to attract investment and expand cooperation with European businesses in technology, manufactur...
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Trade between India and Russia has grown by more than 20% this year, Russian State Duma Chairman Vyacheslav Volodin said during his meeting with Lok Sabha Speaker in Delhi on Sunday, as he called for the removal of trade barriers and the expansion of joint business ventures....
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The elections in the United States, Brazil and Israel have brought India's economic and strategic relationships with the three countries back into focus. For India, the stakes go beyond who wins or loses. Each election comes at a time when India is trying to push forward important trade negotiations and stren...
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The Reserve Bank of India (RBI) is likely to raise the repo rate to 6.25 per cent by the first half of 2027, implying a cumulative monetary tightening of 100 basis points in the current cycle as persistent inflationary pressures and resilient economic growth warrant a tighter policy setting, according to a re...
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India's earnings from petroleum product exports surged nearly 50% on-year in rupee terms to Rs 2.59 lakh crore in April-September, as soaring international prices and a sharply weaker rupee boosted returns despite a 16% decline in shipment volume....
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India is negotiating free trade agreements (FTAs) with several countries and groups, with talks with Chile "quite ripe" for conclusion and negotiations with Canada making good progress, Commerce and Industry Minister Piyush Goyal has said....
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India has faced no pressure from the US to reduce its Russian crude imports, oil minister Hardeep Singh Puri said on Tuesday at an industry event.
"I never felt anything," Puri said when asked if there has been pressure to cut Russian oil imports....
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The West Asia crisis could have a fiscal impact of around Rs 1.35 lakh crore on the government so far, but the Centre may be able to absorb this pressure through routine expenditure savings without cutting spending, Aditi Nayar, Chief Economist at ICRA, told in an exclusive interview....
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Premiums for Russian crude have narrowed sharply to about $1-$2 a barrel for December cargoes from $12-$13 a barrel under October contracts, a Bharat Petroleum Corp official said on Monday, signaling that Urals crude is being priced cheaper following the easing of US sanctions. Yet, this may not immediately a...
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By Tanvi Praveen & Vishishth Malhotra
While exporters face regulatory hurdles in accessing the Chinese market, the Indian industry is dependent on China for raw materials & intermediate inputs. China’s non-tariff barriers have brought these vulnerabilities into focus, write Tanvi Praveen & Vishishth Malhot...
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MARKET & FINANCE
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Blackstone has launched a global capability centre (GCC) in Bengaluru, its first outside the US, underscoring India's growing importance to the investment firm's global operations. The move comes as the firm looks to double its investments in India to $100 billion over the next five years from about $51 billi...
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Indian government bonds firmed in early trade on Tuesday as oil prices found a foothold, while traders awaited the US Federal Reserve's policy decision due a day later.
Brent crude slipped about 1% in Asian trade to $114.5 a barrel, consolidating after gaining more than 6% last week....
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Tightening liquidity in the banking system has pushed up short-term borrowing rates and prompted the Reserve Bank of India (RBI) to inject funds into banks, while rising oil prices are adding pressure on government bond yields, according to a report by ICICI Bank.
The report said the banking system's surpl...
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GLOBAL CORPORATE
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Anthropic has filed for a possible record-breaking IPO. The artificial intelligence (AI) company filed its paperwork on Monday, October 26, 2026, for a stock market listing that could become the biggest initial public offering (IPO) ever. The company may look to raise as much as $100 billion through the listi...
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Bank of America, Blackstone, Citi and Morgan Stanley will provide $63 billion in financing to buy Broadcom's AI chips and networking gear for Anthropic, the companies said on Monday, in one of the largest debt deals tied to the AI buildout....
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Nvidia and Meta said on Tuesday they would deepen their partnership on the Muse AI assistant and related AI models, with Nvidia investing $3 billion in the Facebook parent's equity offering....
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Volkswagen's sports car maker Porsche on Tuesday reported a recovery in profit in the first nine months of the year, in an early sign CEO Michael Leiters' turnaround plan to downsize and retreat from China is yielding results....
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Anthropic has submitted a registration statement on Form S-1 to the Securities and Exchange Commission for its proposed initial public offering of Class A common stock. The company plans to list the shares on the Nasdaq Global Select Market under the ticker symbol “ANT.” The number of shares and the price ran...
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Banking
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The Q2 FY27 banking results have exposed a growing divide between public sector banks and their private peers. Public sector banks are reporting stronger net interest margin momentum, while large private lenders are absorbing the cost of raising deposits to sustain credit growth.
The gap is not simply abou...
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Some large banks have backed off from foreign exchange swap deals they had entered into, or were about to undertake, after sensing that such transactions would not go down well with the Reserve Bank of India (RBI).
The banks, using the easy rupee liquidity created after the inflow of deposits from the dias...
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GLOBAL ECONOMY
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France is facing mounting pressure on two fronts:
growing public anger over the cost of living and an economy struggling with high debt, taxes and weak growth. Student protests that began with school blockades have spread, turnin...
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South Korea's economy grew faster than expected in the third quarter on booming chip exports, advance central bank estimates showed on Tuesday.
Gross domestic product expanded 1.0% in the July-September quarter from the precedi...
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Britain's main retail trade body warned on Tuesday that shops are now increasingly unable to absorb the impact of rising costs, after its data showed prices increased at the fastest pace in two-and-a-half years this month.
The ...
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A key gauge of Japan's service-sector inflation rose 3.7% in September from a year earlier, data showed on Tuesday, a sign of mounting price pressures that will likely keep the central bank on track for further interest rate hikes...
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China's industrial profits grew at a faster pace in September, though a deepening divergence across the economy continued to weigh on business earnings.
Profits at industrial firms rose 14.4% from a year earlier last month, qui...
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South Korea's semiconductor exports could fall by $50 billion to $100 billion compared with earlier forecasts if capital spending on artificial intelligence by major US technology firms slows next year, according to central bank d...
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The Bank of Japan will likely consider raising interest rates at each upcoming meeting, according to a new book by former bank chief Haruhiko Kuroda, who supported his successor's current push to unwind a decade of extremely loose...
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Moody's sees encouraging signs in Japan's return to sustained growth and stable inflation, but a key test will be whether that resilience can withstand future shocks, the rating agency's Japan sovereign analyst told Reuters on Tue...
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Taiwan's central bank said on Tuesday that strong technology demand would drive exports into next year, though economic growth in 2027 will likely moderate after this year's high base.
Taiwan is a major semiconductor manufactur...
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INDIAN CORPORATE
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ITC Hotels Monday reported a 52% increase
in Sept quarter net profit to Rs 203 crore, with revenue rising 26% to Rs 1,054 crore. "The company registered a milestone second quarter, with consolidated income crossing Rs 1,100 crore...
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The Indian unit of Elon Musk-backed electric vehicle maker Tesla reported revenue of Rs 247.3 crore and a net profit of Rs 5.2 crore in FY26, with vehicle sales accounting for nearly 87% of sales in its first full year of retail o...
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L&T’s Transportation Infrastructure business has secured design-and-build orders worth Rs 5,000 crore to Rs 10,000 crore for two key system packages of Bangladesh’s Dhaka Metro Line 1 project.
The orders comprise Contract Packa...
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Microsoft has introduced a voluntary exit offer for eligible employees in India, the United States, the United Kingdom and Canada, giving them the option to leave the company with financial support and career transition assistance...
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Bengaluru-based AI startup Sarvam has signed a memorandum of understanding (MoU) with Headquarters Integrated Defence Staff (HQ IDS) under the Ministry of Defence to build artificial intelligence (AI) applications for the Indian A...
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Indian Overseas Bank (IOB) on Monday reported a 56% year-on-year jump in net profit to Rs 1,912 crore for the second quarter of FY27. It was supported by strong growth in core interest income, lower operating expenses and a sharp ...
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JSW Energy‘s target of adding 3 gigawatts (GW) of renewable energy capacity in FY27 is within reach, according to leading brokerages, although the company must commission another 1.6 GW in the second half of the financial year to ...
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Tata Communications plans to invest $400-450 million (up to around Rs 4,300 crore) to build a nearly10,000-km long-haul fibre network connecting key artificial intelligence (AI) and data centre hubs in India, betting on rising dem...
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Cipla’s profit declined 35% year-on-year (YoY) to Rs 877.54 crore in Q2FY27, from Rs 1,351.17 crore reported in Q2FY26.
Cipla’s revenue from products stood at Rs 7,368.15 crore, down 1.06% from Rs 7,447.42 crore reported in Q2F...
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COMMERCIAL LAW
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Outward foreign direct investment (FDI) from India fell 14% year-on-year to $4.34 billion in September from $5.04 billion a year ago, provisional Reserve Bank of India (RBI) data published Monday showed.
The metric fell 37% fro...
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GST
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The Central Board of Indirect Taxes and Customs (CBIC) has come out with eight circulars, including guidelines on GST registration, raising tax demands and export payments, in line with the decisions taken at the GST Council meeting earlier this month.
The guidelines dated October 26 on GST registration co...
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GST field officers cannot invoke provisions relating to fraud, wilful misstatement or suppression of facts merely because a taxpayer has not paid tax, the Central Board of Indirect Taxes and Customs (CBIC) said in a circular.
The provisions can be used only when there is specific evidence that the taxpayer...
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India plans to implement easing rules related to the goods and services tax for post-sale discounts while speeding up provisional refunds for businesses facing inverted duty structures from November 1, according to a government notification dated October 26....
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