INDIAN ECONOMY
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India stands at a defining moment where strategic policy choices will determine the structure and direction of its economy over the next two decades, according to a new report by DBS Group Research titled "India 2025-40 Outlook: Pivotal Juncture."
The report highlights that "India stands at a pivotal junct...
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The removal of restrictions on banks for acquisition financing will help the real economy, Reserve Bank of India Governor Sanjay Malhotra said on Friday.
Last month, the RBI allowed banks to fund acquisitions and raised the cap on loans for buying shares at IPOs, as part of a raft of measures to boost bank...
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The climate finance needed for nine major emerging economies in the G20, including India, China, Brazil, and South Africa, to transition to a low-carbon future by 2030 amounts to about $2.2 trillion or 0.6 per cent of their GDP on average, according to a new study.
The report titled "Climate Finance Needs ...
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India's former G-20 Sherpa Amitabh Kant on Thursday flagged regulatory compliance burdens impacting Indian enterprises, and rued that the "socialist mindset" continues in the country.
"India's regulatory environment places a very high compliance burden. The British Raj was in many ways replaced by the lice...
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India’s untapped potential due to inaccessibility is valued at $214 billion (Rs 17.9 lakh crore) every year due to absence of accessible infrastructure, as per a White Paper released Thursday. The report by KPMG and non-profit Svayam pegs this loss as a result of lost productive years and diminished market pa...
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Commerce and Industry Minister Piyush Goyal said talks are progressing fast between India and New Zealand and expressed hope that the free trade agreement will be finalised soon.
Goyal is here on a four-day official visit to review progress of the FTA negotiations between the two countries with his New Zea...
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The Kerala government has claimed it has eradicated extreme poverty in the state. K J Joseph, Aswathy Rachel Varughese & Kiran Kumar Kakarlapudi explain the conceptual framing, outcome metrics & the way forward for a state that’s not just fighting poverty, but reframing what it means to be poor
KERALA’S CL...
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In the latest round of negotiations for free trade agreements (FTAs) with Peru and Chile, New Delhi made substantial progress, with discussions on critical minerals supplies figuring prominently.
A team of negotiators from India visited Lima from November 3-5, for the 9th round of discussions on the India-...
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MARKET & FINANCE
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Reserve Bank of India’s governor Sanjay Malhotra Friday clarified that the relaxation proposed under external commercial borrowing limit applies only for real estate projects that comply with the foreign direct investment rules and not intended for ‘speculative’ purposes. He also stated that acquisition finan...
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You’ve probably seen ads for loans against gold, where a couple pledges their gold to get cash from the bank. But I bet you haven’t come across a catchy jingle for loans against silver. Well, that’s about to change. The Reserve Bank of India (RBI) has come out with a circular titled “Reserve Bank of India (Le...
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Markets regulator SEBI will soon set up a working group to undertake a comprehensive review of short selling and the Securities Lending and Borrowing (SLB) frameworks, its Chairman Tuhin Kanta Pandey said on Friday.
Outdated frameworks to undergo comprehensive review
The framework for short selling, intro...
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Global hedge funds' exposure to crypto markets is increasing, and more than half are now invested in the sector, with the U.S. government's embrace of digital assets boosting interest, according to an industry report published on Thursday.
Fifty-five percent of hedge funds hold some crypto-related assets, ...
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Indian government bonds gained on Thursday, as heavy purchases over the last two sessions, which traders believe were by the central bank, lifted sentiment and raised hopes that the Reserve Bank of India will conduct open market bond purchases soon.
The benchmark 10-year yield ended at 6.5150%, after closi...
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Investment bankers are proposing a valuation of as much as $170 billion for Jio Platforms Ltd., according to people familiar with the matter, ahead of what could be a record-breaking initial public offering for Reliance Industries Ltd.’s wireless carrier.
A valuation that size would place Jio among the big...
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Infosys on Thursday announced the record date for its upcoming equity share buyback. A share buyback is a corporate action where a company repurchases its own shares from the existing shareholders. Infosys board approved the buyback proposal worth Rs. 18,000 crore, the biggest in its history, on September 11....
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GLOBAL CORPORATE
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Honda Motor slashed its full-year profit forecast by 21% on Friday, hurt by one-time electric vehicle costs, worsening sales in China and other Asian markets and a shortage of parts equipped with Nexperia chips.
Japan's second-largest automaker cut its operating profit forecast for the year through March 2...
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CEO Elon Musk on Thursday said Tesla probably will have to build "a gigantic chip fab" to make artificial intelligence chips and publicly mused the EV maker could work with Intel.
Tesla is designing its fifth-generation AI chip to power its autonomous ambitions, and Musk at the company's annual meeting lai...
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China's rare earth exports rose 9% in October from September, customs data showed on Friday, the first month-on-month increase after three straight months of declines.
China, the world's largest rare earth exporter, sold 4,343.5 metric tons of rare earths in October, data from the General Administration of...
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Elon Musk may famously refuse a salary, but his newly approved compensation plan is anything but modest. Tesla shareholders on Thursday approved CEO Musk’s $1 trillion pay package, easing concerns that he might exit the company if the proposal failed. With more than 75% of shares voting in favour, the approva...
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Portugal's EDP said on Thursday it plans to invest 12 billion euros ($14 billion) between 2026 and 2028, mainly to expand its renewable energy capacity with a focus on the U.S., but its shares fell as profit targets undershot expectations.
In its strategic plan through 2028, Portugal's largest utility reit...
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Euro zone retail sales unexpectedly fell in September, challenging expectations for a consumption-led recovery and offsetting other mildly positive news from the 20-nation currency bloc, data from Eurostat showed on Thursday.
Retail trade fell by 0.1% on the month in September, coming short of expectations...
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Chemicals group Solvay would be interested in building a rare earths processing plant in the United States, where financial support is stronger than in Europe, its CEO said on Thursday.
Solvay, one of a few companies outside of China capable of the complex rare earths separation, in April launched modest p...
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Finance Minister Nirmala Sitharaman on Thursday highlighted that the global value chain is going through a disruptive phase amid developing technology and innovation. She further stated that global headwinds becoming prominent in the modern world as global institutions are fading.
Speaking on government's ...
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Banking
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Finance minister Nirmala Sitharaman on Thursday hinted at another round of consolidation of public sector banks, and possible privatisation of some of them, as part of the government’s efforts to create more “big banks”.
Addressing the 12th SBI Banking & Economics Conclave in Mumbai, she reiterated that I...
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GLOBAL ECONOMY
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July 2019 |
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China's latest trade data shows exports fell in October, following months of front-loading US-bound orders to get ahead of President Donald Trump's tariffs, with the sharp drop in shipments to the United States.
The figures highl...
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The Philippines' economic growth slowed sharply in the third quarter, missing market expectations, as a "shocking" corruption scandal linked to government infrastructure projects hammered consumer and investor confidence.
Gross...
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China's yuan-denominated exports to Russia dropped in October at the steepest rate in eight months, government data showed on Friday, as a slow down in demand and disruptions from Western sanctions weighed on bilateral trade.
T...
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Japan's economy probably contracted for the first time in six quarters in the July-September period after being battered by U.S. President Donald Trump's tariff policies, a Reuters poll showed on Friday.
Gross domestic product...
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German exports rose more than expected in September as exports to the United States increased for the first time after five consecutive month-on-month decreases, official data showed on Friday.
Exports from Europe's biggest eco...
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China's exports unexpectedly slumped in October as overseas orders tapered off following months of front-loading to beat President Donald Trump's tariffs, and as buyers watched to see how a volatile month in U.S.-China trade ties ...
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Just a day after payroll provider ADP indicated a positive twist in private payroll figures in the United States, outplacement firm Challenger, Gray & Christmas Inc has flipped the script back to its disappointing status quo.
A...
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Chicago Federal Reserve President Austan Goolsbee on Thursday said the lack of official data on inflation during the government shutdown "accentuates" his caution about cutting interest rates further.
"I lean more to the, when ...
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Canadian economic activity expanded at a slower pace in October as a measure of prices edged higher, Ivey Purchasing Managers Index (PMI) data showed on Thursday.
The seasonally adjusted index fell to 52.4 last month from 59.8 ...
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British companies' expectations for employment in the year fell last month for the first time in nearly five years, while expectations for future inflation touched the highest level since late 2023, a Bank of England survey showed...
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U.S. holiday sales are expected to surpass $1 trillion for the first time, the National Retail Federation said on Thursday, though growth is forecast to slow as economic pressures weigh on consumer sentiment.
The holiday season...
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A year ago, President Donald Trump won the White House promising to fix the economy. On Tuesday, Republican losses delivered a reminder of the high political price that the party in power pays when voters are still feeling squeeze...
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INDIAN CORPORATE
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Life Insurance Corporation of India (LIC)
reported a 31.9% rise in net profit to Rs. 10,053 crore for the quarter ended Sept 30, 2025, compared with Rs. 7,621 crore in the same period last year, driven by higher premium income, s...
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The State Bank of India (SBI) has transformed from being in loss in 2018 to now becoming a USD 100 billion company due to the regulatory and structural reforms implemented over the past decade by Reserve Bank of India (RBI), state...
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BHEL bags Rs 6,650 crore NTPC order to build 800-MW power unit in Odisha
State-run engineering major Bharat Heavy Electricals Ltd (BHEL) has announced that it has secured an order worth Rs 6,650 crore from NTPC Ltd to set up an...
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Apollo Hospitals on Thursday reported a 25% year-on-year rise in consolidated net profit to Rs 494 crore for the second quarter. The profit was driven by revenue growth across healthcare, pharmacy and digital health business.
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Realty firm Godrej Properties reported 21% increase in its Q2FY26 net profit to Rs 403 crore from Rs 333.79 crore in Q2FY25. The firm’s sales bookings grew 64% to Rs 8,505 crore, marking its highest ever Q2 booking value. This was...
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Procter & Gamble Hygiene and Health Care reported a marginal decline in its profit after tax at Rs 209.86 crore for the September quarter. The company earned a PAT of Rs 211.9 crore in the corresponding quarter of the previous fis...
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Bajaj Housing Finance posted 18 per cent YoY profit growth in the second quarter of the financial year 2025-26. The company reported a profit after tax (PAT) of Rs 643 crore in Q2 FY26. The Bajaj Group company’s PAT in Q2 FY25 was...
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Life Insurance Corporation of India posted a 31.92 per cent YoY profit growth in the second quarter of FY26. The public sector company’s standalone profit after tax (PAT) grew to Rs 10,053 crore in Q2 FY26, compared to a PAT of Rs...
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Insolvency
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Chartered accountants' apex body ICAI on Thursday made its submissions to a Parliamentary panel on the proposed amendments to the insolvency law.
The Select Committee, headed by BJP member Baijayant Panda, is examining the Inso...
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