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INDIAN ECONOMY
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India's Generation X is expected to consume over USD 500 billion worth of goods and services by FY30, backed by rising per-capita consumption, making it a disproportionately valuable cohort for durable premium growth, according to a report by consulting firm, RedSeer.
Spending on preventive healthcare is p...
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India’s economy may grow faster than previously estimated this financial year as the government unveils a new framework for calculating output, highlighting the resilience of the world’s most populous nation to global trade disruptions.
On Friday, the government will shift the gross domestic product base y...
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India has emerged as one of the top three global cargo markets for Emirates SkyCargo, reflecting the country’s growing heft in high-value exports and global supply chains. The other two high priority markets for the airline are China and Southeast Asia.
The Dubai-based carrier currently uplifts around 3,00...
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FRBM Gap
While post-pandemic fiscal consolidation along with healthy nominal GDP growth, has supported states’ debt consolidation to 28.4% of the GDP in FY25 from 31% in FY21, debt levels remain sticky, a research note from Care Edge shows.
Several states such as Punjab, Bihar, West Bengal Rajasthan, Kera...
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India and Israel will hold the next round of negotiations on their proposed Free Trade Agreement (FTA) in May, after concluding the first round of talks on Thursday.
The inaugural round of negotiations was held from February 23–26 in New Delhi. The next round will take place in Israel. Officials from both ...
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India prepares to release a revamped gross domestic product (GDP) series with 2022-23 as the new base year on Friday. This marks the eighth major revision in the history of the country’s National Income Accounts.
Economists anticipate the 2022-23 series could revise FY26 growth higher, potentially accelera...
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MARKET & FINANCE
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Indian government bonds fell in early deals on Friday, as market participants braced for large auctions, putting the focus back on demand-supply dynamics.
New Delhi and states will raise an aggregate of 750 billion rupees ($8.25 billion) in a span of Friday and Monday....
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In a significant overhaul of mutual fund categorisation, the Securities and Exchange Board of India (SEBI) has introduced a new category called Life Cycle Funds while discontinuing the existing Solution Oriented Schemes category.
The changes come as part of SEBI’s latest circular on “Categorization and Rat...
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SBI Mutual Fund has received the Reserve Bank’s approval to acquire upto 9.99 per cent equity stake in Bandhan Bank. In an exchange filing, Bandhan Bank stated that the RBI has directed SBI Mutual Fund to ensure that its “aggregate holding” in the Bank does not exceed 9.99% of the Bank’s paid-up share capita...
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GLOBAL CORPORATE
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The global smartphone market is poised to suffer its biggest decline ever in 2026, sinking to a more than decade low in shipments, as surging memory chip prices drive up device costs, the International Data Corporation said on Thursday.
Smartphone shipments are expected to drop 12.9% to 1.12 billion units,...
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Coca-Cola's global CEO Henrique Braun informed Mexican President Claudia Sheinbaum of a $6 billion investment in Mexico during a meeting on Thursday, Sheinbaum said in a post on social media.
...
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Almost a year after China expanded rare-earth export controls ostensibly aimed at preventing their use by foreign militaries, exporters are still asking a basic question: when does a small magnet turn an everyday product into a controlled item?
Makers of products ranging from pill boxes, printed billboards...
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Hyundai Motor Group and South Korea on Friday signed a deal to invest about 9 trillion won ($6.26 billion) to build an AI data centre, a robot manufacturing factory and other developments in the country's western coastal region, the land ministry said.
Here are some details* Hyundai Motor Group to invest a...
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Sales under a flagship oil supply agreement between Venezuela and the U.S. are expected to reach $2 billion by the end of this month, U.S. Secretary of Energy Chris Wright told reporters in Texas on Thursday.
The U.S. took control of Venezuela's oil exports shortly after U.S. forces captured President Nico...
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Banking
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India has officially extended its Unified Payments Interface (UPI) to Israel, marking a major milestone in digital finance collaboration and signaling a broader push to integrate technology and innovation into bilateral relations. The announcement came during Prime Minister Narendra Modi's two-day state visit...
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GLOBAL ECONOMY
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China's central bank moved to rein in the fast-rising yuan on Friday, scrapping risk reserves requirements for forex forward contracts in a move that would encourage dollar buying as exporters start to feel the pinch from a strong...
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South Korea's exports likely rose for a ninth straight month in February as a global boom in artificial intelligence investment drove a surge in chip sales, a Reuters poll showed on Friday.
Exports from Asia's fourth-largest ec...
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Indonesia's trade surplus is expected to have widened in January from a month earlier as double-digit growth in exports offset higher imports, a Reuters poll showed on Friday.
A dozen economists surveyed by Reuters between Febr...
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INDIAN CORPORATE
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With investments of nearly Rs 50,000 crore taking shape across three large coal gasification projects, Coal India Limited is moving into downstream chemicals and cleaner fuels at scale, marking its biggest diversification beyond c...
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Amazon’s Daily Essentials business is emerging as one of the company’s most important growth engines in India, both in scale and strategic value, Nishant Raman, director – everyday essentials, Amazon India, told FE.
“Over the p...
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INDIRECT TAX
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Revenue Secretary Arvind Shrivastava on Thursday stated that customs procedures should actively facilitate Indian exporters’ entry into global markets by providing greater speed and certainty, aligning with the country’s push to e...
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