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Iran war impact to show on India GDP, inflation in risk to ‘Goldilocks’ economy
Surging crude oil prices and acute LPG shortage are rippling through the Indian economy as the Iran war drags on, disrupting industries and prompting analysts to cut growth forecasts while warning of rising inflation....
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India growth outlook dims as oil tops $100, gas crisis deepens
A war raging thousands of miles away is tightening its grip on India’s economy, as surging oil prices and acute gas shortages ripple from kitchens to factory floors, threatening growth and stoking fresh inflation fears.
India — among the most exposed major economies to the West Asia crisis — impo...
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India's digital economy to account for 20% of GDP by 2030: MeitY Secy
India's digital economy is projected to account for nearly 20 per cent of the country's Gross Domestic Product (GDP) by 2030, driven by a growth rate that is double that of the broader economy, a senior government official said on Tuesday.
Speaking at the Nasscom Global Confluence 2026, Ministry ...
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Russian oil bound for China is diverted as India grabs more
A Russian oil-laden tanker that was bound for China has U-turned in the South China Sea, and is now hurrying to India after New Delhi began doubling down on imports from Moscow.
The Aqua Titan is set to arrive in New Mangalore on March 21 with its Urals cargo that it loaded from a Baltic Sea port...
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Fertiliser subsidy in FY27 could spike if conflict drags on
The government’s fertiliser subsidy outgo may see a substantial increase in FY27 if the West Asia conflict prolongs, leading to elevated global prices of soil nutrients, officials said. They said the fiscal impact of a possible hike in global prices of fertilisers may not be largely reflected in FY2...
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Economic hit from war could be ‘fairly significant’: CEA
Chief Economic Adviser V Anantha Nageswaran has cautioned that if crude oil prices spike and remain around $130 for a two to three quarers, it would have “fairly signifiant” impact on the Indian economy by dragging the Gross Domestic Product (GDP) growth down from 7.4% to 6.4% for 2026-27, while als...
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Saudi reroutes 16 mn barrels to India via Red Sea; Russian oil gains traction
Saudi Arabia has begun rerouting crude shipments to India via its Red Sea export hub at Yanbu as disruptions in the Strait of Hormuz force Gulf producers to redraw supply routes, with several tankers already heading to Indian ports.
The shift reflects contingency planning by the world’s largest o...
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| Global Economy |
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US 'Transitory' Inflation Turns Five and Is Still a Big Brat
The worst U.S. inflation outbreak in a generation turns five years old this month, a defining economic shock that is still driving policy debates, influencing national politics, and frustrating Federal Reserve officials trying to restore the pace of price increases to their 2% target after a monumen...
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Japan Manufacturers' Mood Hits 4-Year High, Middle East Risks Weigh Outlook: Reuters Poll
Japanese manufacturers' confidence improved to its highest level in over four years in March, buoyed by the chemicals and petroleum sectors and a recovery in the semiconductor market, the Reuters Tankan poll showed.
However, concerns over the Middle East conflict, rising costs and sluggish Chines...
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Japan Exports Rise 4.2% in February From Year Earlier
Japanese exports rose 4.2% year-on-year in February, up for a sixth straight month, data from the Ministry of Finance showed on Wednesday.
The result compared with a 1.6% increase expected by economists in a Reuters poll.
Imports grew 10.2% in February from a year earlier, versus an 11.5% incr...
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Australia's Treasury Forecasts Higher Inflation, Bigger GDP Hit From Iran War in New Analysis
New analysis from Australia's Treasury on Wednesday forecast higher inflation and a bigger economic hit from the ongoing conflict in the Middle East, that has unleashed a global oil shock and driven up commodity prices.
The Treasury considered two scenarios in its latest analysis that incorporate...
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South African Inflation Slows to Central Bank Target in February
South Africa's annual inflation slowed in February, reaching the central bank's target of 3.0% down from 3.5% in January, official data showed on Wednesday.
Economists polled by Reuters expected annual inflation would come it at 3.1% in February.
South Africa's central bank left its key lendin...
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| IMC Chamber of Commerce and Industry Events |
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Source - Yahoo India Finance @ 09:03 |
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| Indian Corporate |
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Parliamentary panel asks Department of Investment to finalise ‘Golden Share’ model to retain PSU control below 51% Govt stake
A parliamentary panel has asked the Department of Investment and Public Asset Management to finalise a clear legal strategy, incorporating a ‘golden share’ or indirect control model, to safeguard strategic autonomy in PSUs where state shareholding may drop below 51 per cent.
Currently, the govern...
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NCLT approves Adani’s bid for JAL
The National Company Law Tribunal (NCLT), Allahabad bench, approved the resolution plan in the Jaiprakash Associates’ insolvency case submitted by Adani Enterprises on Tuesday.
The approval, given orally during the tribunal’s proceedings on March 17 under Section 31 of the Insolvency and Bankrup...
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Adani’s investment push to continue despite West Asia war
Adani Group will invest over Rs 2 lakh crore each year till 2030 across renewable energy, baseload power and transmission, forming the backbone of a broader infrastructure push spanning ports, airports, roads, cement and data centres despite the raging war in West Asia, top officials said.
Karan ...
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| Global Corporate |
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Iran oil output, exports continue uninterrupted despite Kharg island strikes by US
Iran on Tuesday said that oil production and exports are continuing without interruption despite recent US airstrikes on Kharg Island, a spokesperson for the parliamentary energy commission told semi-official Tasnim news agency.
The spokesperson said daily life on Kharg Island, Iran's main oil expo...
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Brazil to Cut Tariffs on Capital, Technology Goods in April Where There Is No Domestic Output
Brazil's government will automatically cut import tariffs in April on capital and technology goods affected by a duty hike earlier this year if companies claim there is no domestic production by the end of this month, a senior official said.
"This initial process is automatic. A company that subm...
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Exclusive-Amazon CEO Sees AI Doubling Prior AWS Sales Projections to $600 Billion by 2036
Amazon CEO Andy Jassy said during an internal all-hands meeting he expects artificial intelligence could help cloud computing unit Amazon Web Services achieve $600 billion in annual sales, double his own prior estimate.
“I've been thinking for the last number of years that AWS, call it 10 years f...
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Nvidia Sales Opportunity for Blackwell, Rubin Chips More Than $1 Trillion by 2027
Nvidia CEO Jensen Huang said on Tuesday at a press conference that the revenue opportunity for the company's Blackwell and Rubin artificial intelligence chips is "likely to be larger than $1 trillion" by the end of 2027. The estimate does not include the company's networking chips and the new proces...
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Trump's tariffs were supposed to help manufacturers, but instead they’re hurting them
Jay Allen is a fan of President Donald Trump, and voted for him on the belief that the Republican would cut taxes and trim regulations, helping his manufacturing business in northeast Arkansas.
But the tariffs at the core of Trump's economic agenda have wreaked havoc on his company, Allen Enginee...
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About 90 ships cross Strait of Hormuz as Iran exports millions of barrels of oil despite war
Hong Kong, Mar 18 (AP) About 90 ships including oil tankers have crossed the Strait of Hormuz since the outset of the war with Iran and it is still exporting millions of barrels of oil at a time when the waterway has been effectively closed, according to maritime and trade data platforms.
Many of...
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