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 Indian Economy |
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RBI may revise India growth to top 7% this year, MPC member says
RBI may revise India growth to top 7% this year, MPC member says The easing in geopolitical tensions in the Middle East is poised to improve the outlook for Asia's third-biggest economy, reducing risks to both inflation and growth, Nagesh Kumar, an external member of the Reserve Bank of India's mone...
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S&P cuts India's FY27 growth forecast to 6.6%, sees inflation at 5.1%
India's economic growth is expected to decelerate to 6.6% in 2026-27 from 7.7% in the previous financial year, amid energy-related pressures, expectations of a below-average monsoon and slowing global growth, S&P Global Ratings said on Wednesday. Retail inflation is projected to rise to 5.1% this fi...
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El Niño is set to further disrupt India's $300 billion farm supply chain
You might think that the world’s supply chains are returning to normal now that oil appears to be flowing unhindered from the Persian Gulf for the first time in four months. Watch out for what’s happening on the far side of the Arabian Sea, though. The key input into another sort of value chain is m...
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India targets $100 billion textile exports by 2030, focus on sustainability, FTAs
The textiles ministry has stepped up efforts to position India as a global textile hub, drawing up a roadmap to achieve $100 billion in textile exports by 2030 with a focus on sustainability and free trade agreements (FTAs).
Sustainability emerged as a key theme during the two-day summit conclude...
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PM Modi reviews four major projects worth Rs 30,000 crore, calls for timely completion under PM Gati Shakti framework
Prime Minister Narendra Modi chaired the 52nd PRAGATI meeting, during which infrastructure works worth over Rs. 30,000 crore were reviewed.
In a post on X, he said that ongoing development projects would provide fresh momentum to economic growth, connectivity and industrial progress, while emphas...
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Service output index to debut next month with FY25 base
The government will launch the Index of Service Production (ISP) next month, a new high-frequency indicator aimed at tracking growth in the services sector, with 2024-25 as the base year, the statistics ministry said Wednesday.
The index will cover sectors like wholesale and retail trade, transpo...
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India targets $100 billion textile exports by 2030, focus on sustainability, FTAs
The textiles ministry has stepped up efforts to position India as a global textile hub, drawing up a roadmap to achieve $100 billion in textile exports by 2030 with a focus on sustainability and free trade agreements (FTAs).
Sustainability emerged as a key theme during the two-day summit conclude...
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SBI Research sees Bengal budget tone most optimistic in 17 years
SBI Research has said the West Bengal Budget for 2026-27 carries the most optimistic policy narrative in 17 years, marking a decisive shift from the redistributive framework that defined both the Left Front and Trinamool Congress rule.
The BJP government in West Bengal sought to blend welfare con...
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48-month approval delays keep India’s mining potential locked despite rich reserves
Lengthy approvals, weak exploration intensity and infrastructure bottlenecks continue to hold back India’s mining sector despite the country being among the world’s leading producers of coal, iron ore, zinc and chromite, according to an Icra report released at the India Mines and Minerals Conclave 2...
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DBT saves Centre Rs 5.14 lakh-crore in a decade
The transfer of subsidies and welfare benefits through the Direct Benefit Transfer (DBT) system helped the government plug leakages worth Rs 83,064 crore in FY25, taking the Centre’s cumulative savings via this route to Rs 5.14 lakh crore, according to the latest government data.
These savings ha...
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India-US trade talks produce no breakthrough
Two days of ministerial-level talks between India and the US, aimed at finalising an interim trade agreement concluded here on Wednesday, but no clarity emerged on whether both sides managed to bridge the remaining differences.
The discussions were led by Commerce and Industry Minister Piyush Go...
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India’s 42% monsoon deficit Vs El Nino: Why economists say growth remains manageable
The El Nino impact and the poor monsoons are among India’s biggest concerns at this juncture. The cumulative rainfall deficit has now widened to 42% below the long-period average. But economists pointed out that India seems better placed to handle this situation compared to past El Nino episodes. Mo...
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| Global Economy |
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Mexican Inflation Slows More Than Expected in Early June, Pushes Back Rate Hike Pressures
Mexico's ?annual ?inflation rate hit 3.55% ?in the first half of June, official data showed on ?Wednesday, landing below expectations and defusing pressures for a rate hike from the central ?bank. ...
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US Current Account Deficit Widens More Than Expected in First Quarter
The U.S. current ?account ?deficit widened more ?than expected in the first quarter amid a ?shortfall on the primary income balance, government data showed on Wednesday....
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Analysis-China's 'Future Industries' Push Triggers Flood of Venture Capital, Bubble Concerns
Just two days after SpaceX made its historic ?market ?debut, a Chinese space startup held an investor roadshow for its ?maiden fundraising round by touting a mission to help China catch up with the U.S. in the race to the heavens....
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Australian Job Vacancies Fall 2.1% in May Quarter
Job ?vacancies in ?Australia fell in the ?May quarter for the first ?decline since the middle ?of 2025, ?data ?showed on Thursday, with the largest drops ?in the finance, accommodation and food sectors....
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German Consumer Sentiment Stabilises Heading Into July, Survey Finds
German consumer sentiment ?stabilised ?heading into July, as ?households' income expectations improved, a survey found ?on Thursday.
The consumer sentiment index, published by the Nuremberg Institute for ?Market Decisions and the GfK ?market research institute, showed sentiment rising to -29.2 po...
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| Market & Finance |
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India's FPI pipeline dries up as new registrations hit decade low
India is facing a double blow in foreign portfolio investment, with new registrations slowing to the weakest pace in at least a decade, even as offshore Funds continue to sell Indian equities aggressively.
According to data analysed by Moneycontrol, India had 12,195 registered foreign portfolio i...
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Japan's super-long bonds briefly change course to fall after weak auction
apan's super-long-dated bonds briefly changed course on Friday to trade lower after an auction of 20-year bonds drew weak demand due to fiscal concerns.
Here are a few details:
The 20-year bond yield reversed course to rise as high as 3.565%. The yield was ?last down ?3 bps ?at 3.535%. Yields mo...
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More than 40% of the new SIPs are from tier 2, 3 and 4 cities: PwC
A report shared by Pricewaterhouse Coopers (PwC) said that more than 40% of the new SIPs in India now originate from tier 2,3 and 4 cities, calling the monthly SIP flows of $3 billion a price insensitive equity flow in the Indian markets. Further, it added that India’s high net-worth population is p...
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Gold-loan firms ring-fenced from price corrections: Crisil
Domestic gold-loan lenders are well ring-fenced from price correction risks despite the recent increase in the regulatory loan-to-value (LTV) cap to 85%, according to a report by Crisil Ratings.
These lenders have adopted conservative guards while lending, including keeping the LTV ratio in the ...
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FCNR(B) monthly flows fall 39% before RBI’s June intervention: Will the swap window change the equation?
RBI’s recent announcements aimed at attracting NRI dollar deposits have yet to demonstrate their effectiveness. The full impact of these measures will only be visible from RBI’s June 2026 data onwards. The timing of the RBI’s program allowing banks to offer higher rates on FCNR(B) deposits is crucia...
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| RBI |
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RBI says no to special exposure relaxations for state NBFCs
The Reserve Bank of India (RBI) has rejected calls by stakeholders to continue case-specific exemptions from concentration norms for government-owned NBFCs, saying that doing so goes against a principles-based framework and creates avoidable regulatory uncertainty. In amended directions published We...
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| IMC Chamber of Commerce and Industry Events |
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Source - Yahoo India Finance @ 04:06 |
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| Indian Corporate |
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Suzlon crosses 1 GW in cumulative orders with Tata Power after new 400 MW EPC contract
Suzlon Energy has secured a 400 MW wind energy EPC contract from Tata Power Renewable Energy Limited (TPREL), taking the two companies' cumulative order partnership past 1 GW across four states — Karnataka, Maharashtra, Tamil Nadu, and Andhra Pradesh, the company said in a press release.
The new ...
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‘Data centres to become Schneider Electric’s biggest India business by 2030’: Sumati Sahgal, vice-president, data centres & secure power, Greater India
As artificial intelligence drives an unprecedented build-out of data centres globally, Schneider Electric expects India to emerge as one of the fastest-growing markets for digital infrastructure. Sumati Sahgal, vice-president, data centres & secure power, Greater India, tells Poulomi Chatterjee that...
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| Global Corporate |
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Lithium Producers Bet on Battery Storage as Demand Shifts Beyond EVs
The lithium industry is growing more optimistic about a market recovery as booming demand for battery storage systems helps offset a slowdown in some electric vehicle markets, leading producers told an industry conference this week.
While electric vehicles have been the main driver of lithium dem...
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Volkswagen to Sell Diesel Engine Unit to Bain in Deal Generating €7.4 Billion
Volkswagen ?has ?agreed to sell its diesel ?engine unit Everllence to Bain Capital in a deal generating ?proceeds of about €7.4 billion ($8.4 billion), beating out other private equity firms including one that had joined ?forces with Volkswagen's top shareholders.
The leveraged ?buyout deal is ex...
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Traffic flows through Hormuz continue to improve as IMO evacuation begins: Monitor
Traffic through the Strait of Hormuz continued to improve compared to pre-US and Iran agreement levels on Tuesday, with some ships crossing through a new IMO evacuation route, tracking data showed.
As of 1500 GMT on Wednesday, maritime tracking firm Kpler recorded 25 transits by commodity ships o...
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Lockheed Martin gets $35 billion Thaad deal as Trump looks to stockpile weapons
The Pentagon on Wednesday awarded Lockheed Martin a seven year undefinitized contract worth up to $35 billion to quadruple production of Terminal High Altitude Area Defense, or Thaad interceptors, part of a push to replenish missile defence stockpiles and boost output.
The award stems from a fram...
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Meta, Microsoft lead $850 billion boom in data center leases
Meta Platforms and Microsoft each committed tens of billions of dollars in additional data center leases in their most recent quarters, adding to the massive sums the industry is spending on artificial intelligence.
Those pledges helped push overall commitments to future data center leases to mor...
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