INDIAN ECONOMY
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The Supreme Court on Monday deferred hearing on Sahara firm's plea seeking its nod to sell properties to the Adani Group by six weeks as it asked the Centre to also file its response to the note submitted by amicus curiae on the issue.
A bench of Chief Justice BR Gavai and Justices Surya Kant and MM Sundre...
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Hong Kong, ranked 15th in terms of foreign direct investment inflows into India, is looking at sectors such as fintech, tokenization and green finance for fresh commitments to Asia’s no. 2 economy, according to senior officials at the special administrative region of China.
"India has become an increasingl...
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Some three decades ago, when N. Chandrababu Naidu was seeking to turn southern India into a global tech hub, he regularly encountered skepticism from investors.
“I used to fight with them,” Naidu, 75, said in an interview from the coastal town of Visakhapatnam in Andhra Pradesh, the southeastern state he h...
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In two days of the 30th CII Partnership Summit, the Andhra Pradesh government has signed hundreds of MoUs with corporates attracting investments of over Rs 11 lakh crore and counting. The signed deals are likely to create 1.3 million jobs in the state across several sectors. In a conversation with FE’s Manu K...
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US President Donald Trump’s repeated claims that India has “substantially” curtailed its oil imports from Russia are yet to be borne out by data. India remained the second-largest buyer of Russian fossil fuels in October, importing these goods worth 3.1 billion euros, though the inward shipments were down fro...
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In the past month, the Reserve Bank of India (RBI) has aggressively stepped in to defend the rupee. This is quite unlike the situation when it was allowing the rupee to slip for several reasons, including helping exporters after the US government’s punitive tariffs kicked in.
Market experts believe that m...
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India’s exports of agricultural commodities are unlikely to gain much from US President Donald Trump’s recent exemption of select food items from reciprocal tariffs.
“We really had a small share in exports of those items in the latest reciprocal tariff exemption by the US, thus there is not much impact exp...
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The Reserve Bank of India’s (RBI) share in the outstanding government securities (G-secs) has seen a noticeable rise over the past year, according to a recent report by the State Bank of India (SBI) Securities.
RBI’s G-sec holdings increase YoY
The report mentioned that the RBI’s holding increased to 14.2...
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In a major diplomatic push amid a pending trade deal, Union Minister for Petroleum and Natural Gas Hardeep Singh Puri on Monday announced that Indian public sector oil companies have, for the first time, signed a one-year deal to import liquefied petroleum gas (LPG) from the United States.
IOC, BPCL, and H...
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MARKET & FINANCE
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Wealthy Indian families planning to move money out of the country by floating investment funds in the GIFT City are hitting a hurdle.
The regulator for the International Financial Services Centre (IFSC) has asked a number of fund managers to give an undertaking that the fund is not geared to meet the inves...
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Japan's super-long dated government bond yields climbed sharply on Monday as concerns deepened over increasingly expansionary fiscal policy under Prime Minister Sanae Takaichi, pushing the 20-year Japanese government bond yield to its highest level in 26 years.
The 20-year JGB yield JBTC > rose 3.5 basis p...
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The Reserve Bank of India’s (RBI) proposed guidelines to revamp the external commercial borrowings (ECB) framework is likely to become a game changer in acquisition financing, believe bankers and analysts. However, banks added that further relaxation, in terms of an increase in acquisition financing limit fro...
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GLOBAL CORPORATE
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Samsung has announced a sweeping $310-billion investment plan over five years, aimed largely at expanding semiconductor and AI-enabling infrastructure as the global artificial intelligence boom drives unprecedented demand.
The package, unveiled on Sunday, strengthens South Korea's position as one of the worl...
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The United States is hoping to finalise its rare earths agreement with China by Thanksgiving, US Treasury Secretary Scott Bessent said on Sunday, signalling momentum in the negotiations launched after Presidents Donald Trump and Xi Jinping met in South Korea last month, AFP reported.
The tentative deal reach...
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Tesla is now requiring its suppliers to exclude China-made components in the manufacturing of its cars in the United States, the Wall Street Journal reported on Friday.
The Elon Musk-led automaker and its suppliers have already replaced some China-made components and aim to switch all other components to t...
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Hyundai Motor Group will invest 125.2 trillion won ($86.47 billion) in South Korea from 2026 to 2030, the automaker said on Sunday after Seoul finalised a trade deal reducing U.S. tariffs on South Korean autos to 15% from 25%.
That compares with investments by Hyundai Motor and its group affiliate Kia Corp...
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Oil prices fell on Monday, erasing last week's gains, as loadings resumed at the key Russian export hub of Novorossiysk, after a two-day suspension at the Black Sea port that had been hit by a Ukrainian attack.
Brent crude futures dropped 44 cents, or 0.68%, to $63.95 a barrel by 0751 GMT. U.S. West Texas ...
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Banking
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The Reserve Bank of India's extraordinary measures to support exporters, including a moratorium for the first time since Covid on loan repayments, is seen as a pre-emptive move to provide breathing space to the sector that has to find new markets and adjust to new trade realities.
Though there is no visibl...
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The green shoots of growth in credit against lagging deposit growth calls for more proactive liquidity management, according to a report from State Bank of India’s research department. The report highlighted the rising gap between credit growth and deposit growth of the banking system. Credit growth was 11.3%...
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GLOBAL ECONOMY
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July 2019 |
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After two years of robust growth fueled by military spending on the war in Ukraine, Russia’s economy is slowing. Oil revenues are down, the budget deficit is up and defense spending has leveled off.
The Kremlin needs money to k...
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Israel's economy rebounded sharply in the third quarter, putting in a stronger-than-expected performance after a weak second quarter that was hit by the conflict with Iran on top of the Gaza war.
Gross domestic product grew an ...
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Japan’s economy shrank an annualised 1.8% in the July-September quarter, the first contraction in six quarters, due to a hit to exports from U.S. tariffs, government data showed on Monday.
Not as acute as economists predicted
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INDIAN CORPORATE
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Jakson Group on Sunday kickstarted its ?8,000-crore investment to set up a 6 GW integrated solar manufacturing facility in Madhya Pradesh.
Chief Minister Mohan Yadav on Sunday laid down the foundation for the first phase of the...
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IRB Infrastructure Trust has bagged a package toll operate and transfer (TOT) project from NHAI in Uttar Pradesh for an upfront consideration of Rs 9,270 crore, an exchange filing said on Saturday.
The project is part of NHAI’s...
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After a slowdown in project completions in the first half of FY26, Tata Power expects its renewable energy capacity addition to pick up from the current quarter and scale up significantly from the next financial year.
The compa...
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Insolvency
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The government plans to revise valuation norms under the Insolvency and Bankruptcy Code (IBC) to ensure intangible assets are fully captured in assessments of distressed companies, while giving the Insolvency and Bankruptcy Board ...
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