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Not BRICS currency, India set to pitch cross-border digital payment system
India is likely to pitch a cross-border digital payment system at the 18th BRICS Summit, scheduled to be held in New Delhi on September 12 and 13, government sources aware of the matter said.
A senior government official clarified that de-dollarisation or the creation of a BRICS currency is not c...
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Paddy area down 4% as kharif sowing draws to a close
Area under paddy declined 4% to 42.18 million hectares (Mha) in the ongoing kharif season compared to the previous year owing to deficient monsoon rains, the Agriculture Ministry said on Tuesday.
“Overall, the decline in rice area coverage is mainly attributable to substantial reductions in Karna...
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Real rural wages down 8.9% in April-July
As the delayed monsoon hampered the kharif sowing schedule and dampened consumer sentiment, the country’s average wage rate declined by 1.5% in July. This was the fifth monthly decline in the 12-month period ending July.
Data from the Centre for Monitoring Indian Economy (CMIE) show that the rea...
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Rupee rally snaps, markets hit 3-month lows as crude prices near $100
A renewed surge in crude oil towards $100 a barrel rattled Indian financial markets on Tuesday, sending the rupee to its steepest fall in nearly two months and dragging benchmark equity indices to three-month lows.
The rupee ended at 94.82 against the dollar, down 34 paise from its previous close...
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August retail inflation likely at 20-month high of 4.8%: FE poll
India’s consumer price index (CPI) inflation likely rose to a 20-month high of 4.8% in August driven by higher food prices, according to an FE poll of 13 economists.
A quicker increase in prices in August would mark the 10th consecutive month of rise in retail inflation. It would also be the thir...
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2030 strategy may take centre stage at BRICS summit
The Strategy for BRICS Economic Partnership 2030 is set to emerge as the central economic deliverable of the upcoming BRICS summit in New Delhi, with members seeking to provide the grouping a longer-term roadmap for trade and investment as US tariff actions and geopolitical tensions reshape global s...
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| Global Economy |
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Bank of England to Hold Rates, Show Patience With War-Driven Inflation: Reuters Poll
The Bank of England will hold Bank Rate at 3.75% for the rest of the year and through at least mid-2027, according to a Reuters poll of economists who still judge inflation is not strong enough for a majority of policymakers to vote for higher borrowing costs....
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Chile's Consumer Prices Rise More Than Expected in August
Consumer prices in Chile rose 0.6% in August from the previous month, data from statistics agency INE showed on Tuesday, exceeding a prediction of a 0.3% increase in a Reuters poll of economists....
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Japan Upgrades Q2 GDP on Slight Capex Improvement
Japan's economy grew faster than initially estimated in the April-June quarter from the previous three months, supported by business spending that was less weak than the first reading, revised data showed on Tuesday....
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Japan, US Remain Aligned on FX Policy to Foster Stable Markets, Katayama Says
Japanese Finance Minister Satsuki Katayama said on Tuesday that Tokyo and Washington remain aligned in their approach to currency markets and will continue close communication to ensure orderly foreign exchange movements....
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German Exports Unexpectedly Fall as Trade Volatility Bites
German exports unexpectedly fell in July, as weaker shipments to European Union countries and China underscored the fragility of a trade-led recovery in Europe's largest economy....
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South African Economy Shrinks in Second Quarter, Dragged Down by Iran War
South Africa's economy shrank for the first time in almost two years in the second quarter of 2026, official data showed on Tuesday, as the Iran war depressed domestic demand and the mining and manufacturing sectors performed poorly....
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UK Sells 30-Year Debt at Record Yield, Showing Pressure on Public Finances
Britain sold £4.25 billion ($5.75 billion) of 30-year bonds on Tuesday with the highest yield since comparable records began in 1998, as rising global borrowing costs cast a shadow over new finance minister John Healey's plans for his first budget....
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| Market & Finance |
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Foreign investors turn sellers in government bonds after two months of strong buying
Foreign fund flows into Indian bonds have reversed after an unprecedented spike three months ago, reflecting the combined impact of persistently high global yields, Bloomberg's move to defer inclusion of local debt on a key gauge, and increasingly shortened odds on a rate hike.
Since August, foreig...
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Operational REIT space grows 74% YoY in H1 2026
The operational office REIT (real estate investment trust) portfolio in the country grew 74% year-on-year to 167 million square feet in H1 2026, from 95.8 million square feet in H1 2025, according to a new report released on Tuesday.
The operational office REIT portfolio represents 16% of India’s...
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PM Modi exhorts fintech sector to widen UPI’s global reach
Prime Minister Narendra Modi on Tuesday called on the country’s fintech ecosystem to connect the unified payments interface (UPI) with systems in other nations and help lower remittance costs for the diaspora. He also observed that the next chapter for the fintech industry should be beyond payments ...
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| IMC Chamber of Commerce and Industry Events |
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Source - Yahoo India Finance @ 04:09 |
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| Indian Corporate |
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PhonePe partners with Visa for cardless payments across the world
PhonePe, the country's largest digital payments app, is expanding beyond its UPI-led payments model with a suite of card-based offerings in partnership with card network player Visa, The Bengaluru-based fintech firm on September 9 announced three new solutions, including tap to pay, cross-border sca...
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Sun Pharma gets ratings boost from Moody's, S&P over USD 11.75-bn Organon & Co acquisition bid
Rating agencies Moody's and S&P assigned investment-grade ratings to Sun Pharmaceutical Industries -- India's largest pharmaceutical company -- over the proposed USD 11.75-billion acquisition of US-based Organon & Co.
S&P Global Ratings assigned a preliminary 'BBB+' long-term issuer credit rating, ...
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Singapore Airlines seeks greater influence, tighter governance terms before Air India funding: Report
Singapore Airlines, backed by state investor Temasek, is expected to seek greater influence over management and stronger governance rights before approving a capital injection into Air India, said two people familiar with the matter.
The proposed conditions, which would be negotiated with Air India...
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L&T bags offshore order of up to Rs 5,000 cr from ONGC for India's west coast development projects
Larsen & Toubro Limited (L&T) on Wednesday announced its energy hydrocarbon offshore business has secured a 'large' offshore order from state-run Oil and Natural Gas Corporation (ONGC) for additional development projects off India’s west coast.
The company classifies a large order as one valued bet...
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Serentica eyes 1-GW data centre infra play
Serentica Renewables is looking to build a dedicated infrastructure platform for data centres and could invest Rs 15,000-18,000 crore over four-five years in renewable energy capacity linked to a potential 1-GW power purchase agreement (PPA) with a data centre operator.
The company plans to bring...
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Adani Airports raises Rs 9,825 crore fresh equity; Temasek, BlackRock among key investors
Adani Airport Holdings (AAHL) has signed binding agreements to raise Rs 9,825 crore, or roughly $1 billion, in fresh equity from a group of domestic and global investors. The deal values the airports arm at a pre-money valuation of about $18 billion and marks one of the largest primary equity invest...
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NALCO ties up with EGA for 0.5 MTPA smelter expansion
State-run National Aluminium Company Ltd (NALCO) has signed a technology licensing agreement with Emirates Global Aluminium (EGA) to deploy the UAE company’s DX+ Ultra aluminium smelting technology for its proposed 0.5-million-tonne-per-annum (MTPA) brownfield expansion at Angul, Odisha.
The tech...
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| Global Corporate |
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JSW Group inks deal with Skoda Auto Volkswagen to expand auto footprint in India
After months of negotiations, JSW Group and Skoda Auto Volkswagen India Pvt Ltd have signed a non-binding agreement with Skoda Auto Volkswagen India to explore a strategic partnership in India.
While the two companies have yet to announce any proposed shareholding structure, JSW Group is expected...
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US-Canada trade war: Old allies drift apart as US bans Ottawa's dairy, alcohol and motorcycles
The US and Canada trade dispute escalated on Tuesday (local time) with Washington announcing fresh restrictions on Canadian goods, after Ottawa introduced new tariffs on American products.
The latest US measures will hit Canadian alcohol, dairy products, motorcycles and mopeds, while Canadian goods...
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Exclusive-Google Warns of Lower Quality as It Revamps Europe Search Results to Avoid EU Fines
Alphabet's Google on Tuesday rolled out changes to its online search results in Europe to satisfy EU antitrust regulators, a move which it said will degrade users' experience and ratchet up costs for European businesses.
The changes mark the largest reduction in quality of service at the world's ...
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Hormuz Disruptions Hitting Small Businesses Hardest, UN Trade Agency Warns
Disruptions in the Strait of Hormuz could push small and medium-sized businesses out of global supply chains, increasing economic concentration and weakening the resilience of international trade, the United Nations Conference on Trade and Development said on Tuesday.
• Rising energy bills, freig...
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Boeing August Deliveries Dip as 787 Handovers Fall
Boeing said on Tuesday that it delivered 51 jets in August, a slight dip from the previous month and down from 57 jets a year earlier, as the number of 787 Dreamliners handed to customers declined.
• The U.S. planemaker delivered only four 787s, down from nine the prior August. A spokesperson sai...
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Japan Manufacturers' Mood Hits Near 5-Year High on Semiconductor Demand: Reuters Poll
Business confidence among big Japanese manufacturers climbed in September to its highest level since December 2021, buoyed by robust semiconductor and data-centre-related demand, a Reuters monthly poll showed on Wednesday.
The Reuters Tankan sentiment index for manufacturers rose to plus-21 from ...
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Factbox-Venezuela's Mining Sector: More Data Needed on Geological Potential
Following are facts about Venezuela's mining sector, which is attracting interest from U.S. President Donald Trump's administration.
CONFUSION OVER RESERVES AND RESOURCES
In 2019, then-Venezuelan President Nicolas Maduro and Delcy Rodriguez, who is acting president, announced a five-year minin...
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Cognizant’s US green-card filings suspended amid fraud probe: What it means for employees
Cognizant’s US green-card filings have been suspended amid an investigation into possible fraud and misuse of employment visa programmes, Inspector General Anthony D’Esposito of the US Department of Labor said on X.
The announcement could affect foreign employees whose employers are preparing or ...
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Cognizant’s US immigration troubles: From visa lawsuits to latest green-card filing suspension
Cognizant’s US immigration practices have come under renewed scrutiny after the Department of Labor suspended the company’s filings for employment-based green cards amid an investigation into alleged fraud and abuse in visa programmes.
Anthony D’Esposito, Inspector General of the US Department of...
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