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India's trade deficit with Japan triples in 10 years; FTA review underway to boost investments
As India's merchandise trade deficit with Japan nearly tripled from $5.18 billion in 2015-16 to $15.4 billion in 2025-26, the government is reviewing the existing free trade agreement (FTA) with the island nation. While officials acknowledge that it is difficult for Indian exporters to make signific...
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Indian crude basket falls below pre-conflict levels, averages $67.88/bbl in July
India's crude oil basket has fallen below pre-conflict levels in West Asia, averaging $67.88 per barrel so far in July, according to data from the Petroleum Planning and Analysis Cell (PPAC). The data showed that the Indian crude basket, which represents the average cost of crude oil imported by the...
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VB-G RAM G: A potential rural income hike comes with a burden
The newly launched Viksit Bharat-Guarantee for Rozgar and Ajeevika Mission (Gramin) (VB-G RAM G), which replaces the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA), promises higher rural incomes through 125 days of guaranteed employment and increased wages, but its long-term impact...
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Legal scrubbing of India–EU FTA to be over in 15-20 days
India and the European Union (EU) are working together to finish the legal scrubbing of their Free Trade Agreement (FTA) in the next 15-20 days, Commerce and Industry Piyush Goyal said Monday.
“I had a very good conversation with my counterpart (EU Trade Commissioner Maros Sefcivic) on Sunday. I ...
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India can be a connector economy: Mahindra
The next phase of the global economic order could be shaped by countries that act as connectors across geopolitical divides, creating a unique opportunity for India to emerge as a connector economy, Mahindra Group Chairman Anand Mahindra said on Monday, highlighting that the current period of prolon...
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Monsoon Tracker: Rainfall in Central, South India to boost pulses sowing; Kharif down 21%, paddy area lags 13%
Sowing of key kharif crops – rice, pulses, oilseeds and cotton – seems lagging with overall sown area being 35.08 million hectare (Mha) as on Monday, down 21% year-on-year.
According to the Agriculture Ministry, total sowing was about 32% of the normal area of 110 mha in that window. By the same ...
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| Global Economy |
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Canada's Services PMI Hits Four-Month Low on Geopolitical Uncertainty
Canada's services economy contracted in June as geopolitical uncertainty and elevated prices dampened demand, S&P Global's Canada services PMI data showed on Monday....
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Canadian Firms' Inflation Outlook Eased After Iran Ceasefire, BoC Survey Finds
Canadian businesses scaled down expectations of high inflation after a ceasefire in the Middle East, and trade worries abated, a quarterly Bank of Canada survey of leaders showed on Monday. ...
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Waller Says Risks in US Tilted Towards High Inflation
U.S. Federal Reserve Governor Christopher Waller said on Monday that high inflation is the chief risk facing the Fed given a labor market that remains stable....
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BRICS Alternatives to Dollar No Longer a 'Fantasy,' Economist O'Neill Says
A quarter of a century since he spotted the growing clout of emerging-market countries, the economist who coined the BRIC acronym said those countries could eventually build alternatives to the dollar, an idea which had seemed a "fantasy" until only very recently....
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Analysis-China's Booming Gig Economy Masks Job Market Pain, Strains Welfare System
Bao Zhang began driving for a Chinese ride-hailing app this year after losing his job as a software tester and says the weak job market gives him little hope of returning to the tech sector....
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German Industrial Output Rises More Than Expected in May
German industrial production rose more than expected in May driven by a strong increase in automotive production.
Industrial output increased by 0.9% compared to the previous month, the federal statistics office said on Tuesday....
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US service sector growth dips in June; employment rebounds after months of contraction
U.S. services sector activity dipped in June as some of the boost from businesses rushing to place orders amid the Middle East war ebbed, but employment rebounded after contracting for three straight months, pointing to continued labor market stability.
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| Market & Finance |
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India bond rally pauses ahead of state debt sale
Indian government bonds traded range-bound early Tuesday, pausing a three-session rally, as traders awaited a large state-debt auction. The benchmark 6.94% 2036 bond yield was at 6.6816% as of 10:45 a.m. IST, near a four-month low and barely changed from Monday's close. The 10-year yield fell 7 basi...
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India's UPI to link with Indonesia's payment system, says PM Modi
India’s Unified Payments Interface (UPI) will be integrated with Indonesia’s payment system, Prime Minister Narendra Modi announced, saying the move will make doing business and travelling between the two countries easier.
"We are delighted that India’s UPI is set to be integrated with Indonesia’...
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Gush of Gulf sovereign wealth enters India in 2026
Gulf sovereign funds invested $1.7 billion in India in the first half of 2026, defying heightened geopolitical tensions due to the Iran war and fears the conflict would curb their appetite for overseas deals. It was the most for half a year after 2024. The region’s share in overall investment in the...
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| IMC Chamber of Commerce and Industry Events |
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Source - Yahoo India Finance @ 08:07 |
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| Indian Corporate |
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How Anil Agarwal is preparing to write Vedanta's next growth chapter
wal is preparing to write Vedanta's next growth chapter
We choose difficult businesses, but they are also the right businesses to be in,” says Anil Agarwal.
Few sectors test that conviction like natural resources, where fortunes are shaped as much by commodity cycles and regulation as by operati...
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Adani storms Hindalco-Vedanta duopoly with Rs 1.1 lakh crore gambit
When Gautam Adani entered cement in 2022 through the acquisition of Ambuja Cements and ACC, many saw it as a natural extension of his infrastructure ambitions. His subsequent move into copper through Kutch Copper reinforced the view that the group was steadily building a commodities portfolio around...
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LIC highlights stronger profitability, higher margins and digital push ahead of investor meetings
State-owned Life Insurance Corporation of India (LIC) has highlighted stronger profitability, improving margins and sustained market leadership in its latest investor presentation, released ahead of meetings with institutional investors and analysts.
The presentation, filed with stock exchanges o...
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Premier Energies secures 1,846 MW solar cell orders worth Rs 3,011 crore
Renewable energy firm Premier Energies has bagged order wins worth Rs 3,011 crore for the first quarter of financial year 2027, the company said in its regulatory filing. These contracts comprise supply of solar cells scheduled across FY27 and FY28, it added. The share price jumped nearly 2% intra-d...
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| Global Corporate |
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Samsung expects 1,800% operating profit leap on AI boom
South Korean technology giant Samsung Electronics forecast Tuesday a massive 19-fold jump in second-quarter operating profit from a year earlier, buoyed by sustained AI-driven demand for memory chips.
The world's largest memory chipmaker estimated April-June operating profit at 89.4 trillion won ...
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Toyota to Build $3.6 Billion Texas Plant, Shift Some Truck Production From Mexico
Toyota Motor Corp said on Monday it will build a new $3.6 billion auto plant in Texas and shift some truck production to the United States from Mexico.
The Japanese automaker said the new 2.5-million-square-foot building will be located on its San Antonio manufacturing campus and will open by 203...
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Corporate Japan's Rare-Earth Warnings Get Louder as China Keeps the Spigot Closed
A shortage of critical minerals is starting to affect the broader Japanese economy, adding a sense of urgency for Prime Minister Sanae Takaichi's government to find alternatives to exports that China has cut off, according to recent corporate filings.
China dominates the global market for rare ea...
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Meta Says US States Are Seeking $1.4 Trillion in Penalties in August Youth Safety Trial
Meta Platforms said in a court filing on Monday that four states were seeking $1.4 trillion in penalties over accusations the company designed its Facebook and Instagram platforms to addict young users and misled the public about their safety.
Meta put forward the figure in its response to the at...
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China Smartphone Sales Drop 13% During 618 Festival as Memory Costs Limit Discounts
Smartphone sales in China fell 13% year-on-year during the month-long 618 shopping festival, as brands raised prices to offset higher memory costs, according to data from Counterpoint Research.
Sales declined from May 26 to June 21, with all major Chinese brands except Huawei posting double-digit...
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Synopsys to Cut Chip Fab Manufacturing Control Software in Shift to AI Design, Sources Say
U.S. chip design giant Synopsys plans to stop offering a suite of manufacturing process control software used by global semiconductor makers, six sources briefed on the matter said, as it seeks to divert resources to higher-margin offerings such as AI design....
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Microsoft warns of more ‘changes’ ahead in memo after announcing layoffs – ‘Our business is changing’
Microsoft has announced that it will lay off around 4,800 employees, which is about 2.1% of its global workforce. The company confirmed the move on Monday. Most of the job cuts will affect Microsoft’s sales division and its Xbox gaming business. Before these layoffs, Microsoft had more than 220,000 ...
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