INDIAN ECONOMY
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Rural demand for consumer goods slowed down in the March quarter but growth was four times faster than in urban areas, said market research firm NielsenIQ on Thursday.
Demand for fast-moving consumer goods (FMCG) in rural India stood at 8.4 per cent in the March quarter, compared to 9.2 per cent in Octobe...
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India’s central bank is expected to pay a record dividend to the government, offsetting shortfall in tax revenues due to slow growth and helping meet any emergency spending needs, economists said.
Kotak Mahindra Bank Ltd. estimates the Reserve Bank of India to transfer as much as Rs 3.5 trillion ($41.4 b...
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S&P Global Ratings on Thursday said the hostilities between India and Pakistan heighten risks to the credit metrics of both countries, and any escalation in clashes would put downward pressure on sovereign credit support. S&P, which rates India and Pakistan at ‘BBB-‘ with a positive outlook and a ‘CCC+’ (outl...
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The latest conflict between India and Pakistan may impact New Delhi's efforts to pitch itself as a safe haven for foreign investors amid global economic turmoil - but not much, investors and analysts said on Wednesday, as tensions ratcheted up between the nuclear-armed neighbours.
India's $4 trillion econo...
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India, the world's third largest oil importing and consuming nation, is likely to save as much as Rs 1.8 lakh crore on import of crude oil and LNG if the trend of softening international energy rates continues, Icra said Wednesday. India, which meets over 85 per cent of its crude oil needs through imports, sp...
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India’s exports to the United States surged to a record $11.2 billion in March, crossing the $10 billion mark for the first time and marking a nearly 50 per cent increase over the 12-month average. The rise pushed total bilateral goods trade to an unprecedented $15 billion for the month, data from the United ...
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The text of the just-concluded Free Trade Agreement (FTA) with the UK is silent on whether the duty reliefs – zero tariff for 99% of product lines – for India will be stymied by the carbon tax to be introduced by London from 2027. Though the FTA has no escape clause on the UK’s Carbon Border Adjustment Mechan...
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India and the United Kingdom have signed a landmark free trade agreement (FTA), momentous not only in quantitative magnitude — encompassing reductions across 90 per cent of tariff lines — but also in its emblematic stature as a recalibration of post-globalisation economic strategy, an SBI report said on Wedne...
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MARKET & FINANCE
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The head of China's securities regulator said on Wednesday that U.S. tariff policy has brought great pressure to China's capital markets and will forcefully promote long-term capital into the stock market.
The attractiveness of Chinese assets is increasing amid global uncertainties, Wu Qing, chairman of Ch...
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India’s private equity and venture capital (PE-VC) sector rebounded in 2024 after two years of muted performance, clocking in $43 billion in investments across nearly 1,600 transactions, a nearly 9% uptick from the previous year. According to Bain & Company’s latest India Private Equity Report 2025, released ...
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GLOBAL CORPORATE
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US President Donald Trump on Wednesday (local time) said he would not consider lowering China's 145 per cent tariffs to initiate trade war negotiations with Beijing, CNBC reported.
When asked whether the White House was open to pulling back on the import duties to bring China to the negotiating table, Tru...
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The Trump administration plans to rescind Biden-era AI chip curbs as part of a broader effort to revise semiconductor trade restrictions that have drawn strong opposition from major tech companies and foreign governments, according to people familiar with the matter.
The repeal, which is not yet final, se...
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Long-haul carrier Emirates reported on Thursday that it earned annual profits of $5.2 billion, making it one of the world's most-profitable airlines.
The Dubai-based carrier served 53.7 million passengers out of its hub of Dubai International Airport, compared to 51.9 million passengers in the fiscal year ...
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Tesla's China-made electric vehicle sales fell 6% in April from a year earlier, extending declines for a seventh month, as the U.S. automaker grapples with intense competition from its Chinese rivals and a tarnished image in Europe.
Deliveries of China-made Model 3 and Model Y vehicles, which account for e...
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Airbus said on Wednesday it delivered 56 aircraft in April, down 8% from the same month of last year.
The tally brings deliveries so far this year to 192 aircraft, down 5% from the same point in 2024.
The European planemaker last week reaffirmed a target of 820 commercial deliveries for the whole year, ...
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A slump in travel demand due to President Donald Trump's trade war has left all U.S. airlines reeling, but the pain is most acute at budget carriers.
Southwest, Frontier and JetBlue all saw sharp declines in their operating margins in the first quarter. In comparison, margins at Delta and United Airlines h...
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The European Union will propose tariffs on Boeing Co. aircraft if talks with the US fail to de-escalate a brewing trade conflict, according to a person familiar with the deliberations.
The duties would be part of an EU plan to hit about €100 billion ($114 billion) in US goods with additional tariffs, Bloom...
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In an earnings quarter teeming with uncertainty around tariffs, Walt Disney's quarterly results are looking like the happiest place on earth.
The media giant exceeded expectations in its most recent quarter, bolstered by an unexpected boost in its Disney+ streaming business and strong results from its the...
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RBI
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The Reserve Bank of India on Tuesday stated that it will follow a consultative approach framework for issuing any new guidelines whereby it would give stakeholders 21 days to comment on draft regulations and conduct an impact analysis of the regulation before finalizing them.
However, the regulator has als...
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GLOBAL ECONOMY
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| Trade Report |
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| Switzerland |
July 2019 |
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German exports rose more than expected in March as U.S. demand increased in anticipation of U.S. tariffs and a gain in industrial production also beat expectations, potentially pointing to an improvement in the sluggish sector.
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Spain's seasonally- and calendar-adjusted industrial output rose 1.0% in March from the same month a year earlier, official data from the country's national statistics institute (INE) showed on Thursday.
The year-on-year growth...
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Moody's ratings agency warned on Wednesday of the rising risk that retail investors, who put their money into private credit assets, pose to the US economy.
Since the pandemic, the share of US and global credit markets has gra...
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The Federal Reserve held interest rates steady on Wednesday but said the risks of higher inflation and unemployment had risen, further clouding the economic outlook as the U.S. central bank grapples with the impact of Trump admini...
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Thailand's economy and exports will grow less than expected this year because of U.S. tariffs, a leading business group said on Wednesday, adding the country could lose market share in the United States if a tariff reduction was n...
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Activity in Britain's construction sector contracted for a fourth month in a row in April as new work dried up while cost pressures remained high, an industry survey showed on Wednesday, highlighting the headwinds faced by Britain...
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It will be a challenge for Indonesia's economy to grow 5% this year due to the global trade war and softening consumer spending, but a moderation won't put the country's ratings at risk, Fitch's head of Asia-Pacific Sovereigns sai...
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Russia ran a budget deficit of 3.2 trillion roubles ($39.6 billion), or 1.5% of gross domestic product, in the first four months of the year, the finance ministry said on Wednesday, citing preliminary data.
The figure compares ...
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The World Bank on Wednesday announced a package of USD one billion over three years to support job creation and develop private sector growth in Sri Lanka, a press release said.
The announcement came after a meeting between Wor...
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The US trade deficit surged to a record $140.5 billion in March, marking the highest monthly gap on record, as businesses rushed to import goods ahead of new tariffs announced by president Trump. The sharp increase was driven by a...
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INDIAN CORPORATE
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Reliance Jio has gained the most number of subscribers in March with 2.17 million new wireless users or 74 per cent of all subscriber additions in the industry, data from the Telecom Regulatory Authority of India (TRAI) showed on ...
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FMCG major Dabur India on Wednesday released its fiscal fourth quarter earnings report with profit at Rs 312.73 crore, missing estimates. This was 8.35 per cent lower in comparison to Rs 341.22 crore recorded during the correspond...
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Coal India Ltd (CIL) on Wednesday released its fiscal fourth quarter earnings report with profit at Rs 9604.02 crore, surpassing estimates. This was up 12.04 per cent as against Rs 8572.14 crore recorded during the corresponding q...
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COMMERCIAL LAW
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Competition Commission of India (CCI) has notified the regulations for determining the cost of production, a move that will help the watchdog to more effectively assess alleged predatory pricing and deep discounting practices espe...
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GST
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1. GSTN has been made important changes in the refund filing process under the following categories:
(a) Export of Services with payment of tax
(b) Supplies made to SEZ Unit/SEZ Developer with payment of tax
(c) On account of Refund by Supplier of Deemed export
2. For the above refund cat...
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