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INDIAN ECONOMY
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As many as 1,366 government tenders worth Rs 60,276 crore have been found non-compliant with public procurement norms, an analysis by the Department for Promotion of Industry and Internal Trade (DPIIT) showed.
Of these, 369 tenders were non-compliant with Public Procurement (Preference to Make in India) Orde...
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Improved demand in the European Union, West Asia and the US has boosted export order books by at least 10% from six months before, companies said, signalling a possible recovery from last year. Leather goods, footwear, and apparel are driving demand but engineering goods shipments for new projects are facing ...
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The share of delayed infrastructure projects costing Rs 150 crore or more hit a three-year low in March 2024, but this was still significantly higher than the pre-pandemic level.
The March 2024 figure of 41.6 per cent remains way higher than the pre-pandemic figure of 27.1 per cent in March 2019, show...
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States’ capital expenditure likely rose by over 19% on-year in 2023-24 compared with a 15% rise in 2022-23, supported by their robust revenue growth and the Centre’s interest-free capex loans. Going by the trends seen in a dozen states, in aggregate states might have invested substantially more in FY24 than t...
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Israel and India will continue to deepen their bilateral ties and lead to greater prosperity, Foreign Minister Israel Katz said on Tuesday.
Katz was responding to India's External Affairs Minister S Jaishankar's message on the occasion of Israel's 76th Independence Day....
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The wholesale food inflation, which is at a four-month high, will continue to be a cause for concern in May and June as heatwave is likely to jack up prices of perishable commodities, ICRA Chief Economist Aditi Nayar said on Tuesday.
Although the impact of high base of last year will play out in July and Aug...
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Moody's Ratings on Tuesday said the Indian economy is projected to expand 6.6 per cent in the current fiscal year and said strong credit demand fuelled by robust economic growth will support the NBFC sector's profitability.
"We expect India's economy to expand 6.6 per cent in the year ended March 2025 (FY25)...
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The Indian cement industry, which is the second largest in the world in terms of manufacturing, has significantly improved its methods and processes in the last few years as a result of its increased emphasis on environmental protection. It has ensured the integration of sustainable practices into every strat...
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MARKET & FINANCE
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MSCI Inc (Morgan Stanley Capital International) has included 13 domestic stocks including Canara Bank, JSW Energy, Mankind Pharma and NHPC in its Global Standard Index, resulting in an increase in the country’s weight in the index to close to 19 per cent from the current 18.3 per cent.
MSCI indexes are glo...
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Finance Minister Nirmala Sitharaman on Tuesday highlighted the potential threat posed to household savings by the surge in retail trading in the futures and options (F&O) market. “Any unchecked explosion in retail trading in F&O can create future challenges not just for the markets, but for investor sentiment...
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GLOBAL CORPORATE
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Huawei is revamping its retail strategy and aggressively opening flagship stores in China, with some just a stone's throw away from Apple shops, as it seeks to retake the premium electronics throne in the world's biggest smartphone market.
Situated directly across from Apple's Shanghai flagship store, Huawei...
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Amazon Web Services (AWS) said on Wednesday it plans to invest 7.8 billion euros ($8.44 billion) in Germany through 2040 as it builds a cloud computing infrastructure specifically for Europe.
AWS last year announced plans to store data on servers located in the European Union to protect data privacy for go...
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Elon Musk's artificial intelligence startup xAI has been talking to Oracle executives about spending $10 billion to rent cloud servers from the company over a period of years, The Information reported on Tuesday, citing a person involved in the talks.
The deal would make xAI one of Oracle's largest custome...
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The US Treasury has sanctioned a web of Russian companies it said were used to disguise ownership of a $1.6 billion industrial stake controlled by a Russian tycoon, warning Western companies to steer clear of such deals.
The step concerns a recently aborted bid by Austria's Raiffeisen Bank International (...
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Vodafone reported on Tuesday a 2.2 per cent rise in organic earnings for 2024, meeting market forecasts, after it returned to top-line growth in the final quarter helped by gains in Britain and Germany.
Germany is the group's biggest market and Chief Executive Margherita Della Valle said Vodafone was deli...
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Apple supplier Foxconn reported a 72 per cent rise in first-quarter profit, boosted by strong demand for AI servers and coming off a low base from the same period a year earlier, but the growth was lower than expected.
In a separate statement, Foxconn, whose earnings took a hit last year by a T$17.3 billi...
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The Biden administration announced plans to slap new tariffs on Chinese electric vehicles, advanced batteries, solar cells, steel, aluminum and medical equipment an election-year move that's likely to increase friction between the world's two largest economies.
The tariffs come in the middle of a heated camp...
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China's Alibaba Group Holding beat analysts' estimates for fourth-quarter revenue on Tuesday, as a focus on low-cost goods in response to cautious consumer spending helped boost domestic e-commerce sales.
Its U.S.-listed shares, however, fell around 3% in premarket trading, as profit fell about 86% in the...
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GLOBAL ECONOMY
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| Trade Report |
| Country |
Month |
Link |
| Switzerland |
July 2019 |
Click |
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Two wars and high borrowing costs have trimmed expected growth in countries covered by the European Bank for Reconstruction and Development (EBRD), the bank said in a semi-annual report released on Wednesday.
The EBRD, which co...
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Indonesia posted a slightly bigger-than-expected trade surplus in April of $3.56 billion, as the country saw smaller-than-estimated imports, statistics bureau data showed on Wednesday.
A Reuters poll of economists had expected ...
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Sri Lankan cabinet has approved a new economic law that will cover key objectives outlined by the International Monetary Fund (IMF), as per the cabinet spokesperson on Tuesday.
In 2022, Sri Lanka found itself mired in its most se...
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U.S. producer prices increased more than expected in April amid strong gains in the costs of services like portfolio management and hotel accommodation, indicating that inflation remained stubbornly high early in the second quarte...
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On Tuesday, Prime Minister Shehbaz Sharif announced that Pakistan will privatise all state-owned enterprises, including the loss-making Pakistan International Airlines. The latest development has broadened the government’s initial...
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INDIAN CORPORATE
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DLF, the country’s largest listed developer, has set a sales bookings target of Rs 17,000 crore for FY25.In FY24, the company’s sales bookings dipped by 2% to Rs 14,778 crore compared to Rs 15,058 crore, according to a presentatio...
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Colgate-Palmolive reported a consolidated net profit of Rs 379.82 crore for the March quarter (Q4FY24), a growth of 20.11% from the year-ago period. This was ahead of street estimates which forecast net profit at Rs 360 crore for ...
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IndiGo is in discussions with aircraft makers to purchase up to 100 small planes as the airline looks to strengthen its presence in the regional routes, according to a source. The carrier, which recently ordered 30 wide-body A350 ...
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Chinese electric-vehicle (EV) maker Leapmotor, in collaboration with Stellantis, will enter the Indian market by launching its first car in the country in the third quarter of the 2024-25, the latter’s chief executive officer Carl...
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India's Patanjali Foods reported a 22% fall in fourth-quarter profit on Tuesday, as sluggish demand dragged overall sales down in its mainstay edible oils business amid a surge in expenses.
The Ruchi Gold oil maker's profit fe...
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India-listed entity Siemens reported a 70 per cent rise in its net profit for the March 2024-ended quarter (Q4FY24) on the back of improved operational performance. Further, the company also announced fresh capex of more than Rs 5...
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Bajaj Electricals recorded its fiscal fourth quarter profit at Rs 29.31 crore, down 43.5 per cent on-year in comparison to Rs 51.85 crore during the corresponding quarter of last year. It posted revenue from operations at Rs 1188....
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Bharti Airtel on Tuesday reported its fiscal fourth quarter profit at Rs 2071.60 crore, down 31.1 per cent on-year in comparison to Rs 3005.60 crore during the corresponding quarter of last year. It posted revenue from operations ...
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