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Hiring outlook strengthens; workforce growth seen at 5.4% in H2 FY27
India’s employment market is set for stronger hiring momentum in the second half of FY27 (October 2026-March 2027), with employers projecting a 5.4% increase in workforce, up from 4.7% in the preceding six months and 4.4% in the corresponding period last year, according to the latest Employment Outl...
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Need stronger banks, deeper capital markets to fund next growth phase: PK Mishra
India will need a deeper and more diversified financial system to finance the next phase of growth, with stronger banks complemented by deeper corporate bond markets, foreign direct investment and infrastructure funds for its development ambitions, Principal Secretary to the Prime Minister PK Mishra...
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India’s new GDP series: Rooftop solar, gig workers and GST data reshape economic estimates
India’s new GDP series is not just a change in the base year. The Ministry of Statistics and Programme Implementation’s (MoSPI) detailed methodology document shows that the 2022-23 base-year series also brings changes in what is measured, how household activity is captured and which data sources are...
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4 global agencies upgrade India growth forecasts
India’s economic outlook for the current financial year has brightened despite the ongoing conflict in West Asia and elevated energy prices, with four major global institutions raising their forecasts for the country’s FY27 GDP growth on Wednesday.
S&P Global Ratings, Fitch Ratings, the Organisat...
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Rupee may appreciate as balance of payments outlook improves: RBI DG Gupta
The rupee could stabilise and potentially appreciate from current levels as India’s balance of payments (BoP) position improves, Reserve Bank of India Deputy Governor Poonam Gupta said at the 13th SBI Banking and Economics Conclave.
Gupta said the current account deficit (CAD) is expected to narr...
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| Global Economy |
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'Bigger deal' on table: US, China extend trade truce by two months as Xi visits Washington
The United States and China have agreed to extend their trade truce by two months, giving US President Donald Trump and Chinese President Xi Jinping more time to manage their wider economic rivalry. This truce extension comes as Xi begins his three-day state visit to Washington.
US treasury secreta...
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ECB Not Seeing Any Big Wage Response to Surging Inflation
The European Central Bank is not seeing significant wage pressures in response to this year's energy-driven inflation surge, the bank's chief economist said on Wednesday, downplaying concerns that rapid price growth was at risk of getting embedded.
Inflation shot past 3% last month and some econo...
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Japan's Factory Activity Growth Slows in September, PMI Shows
Japan's manufacturing activity rose at a slower pace in September from the previous month as output and new orders softened, while solid overseas demand helped firms' activity, a private-sector survey showed on Thursday....
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Australia's Unemployment Rate Hits Five-Year High in August as More Seek Work
Australian employment rose more than forecast in August but the unemployment rate still hit a five-year high as more people went looking for work, data showed on Thursday.
The mixed report was not enough to shift already firm market bets that the Reserve Bank of Australia would raise interest rat...
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Brazil Central Banker Says Predictable Rate Moves Best Response to Uncertainty
Brazil's central bank monetary policy director Nilton David said on Wednesday that the best response to the current uncertainty was to pursue smooth and predictable interest rate moves.
Speaking at an event hosted by J. Safra, David said the way monetary policy has been conducted in Brazil is pro...
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US business activity expands fastest in five years
US business activity rose at the fastest pace in more than five years as robust demand pushed up new orders and employment at manufacturers and service providers. The S&P Global flash US composite purchasing managers index climbed to 58.4 in September, according to data released Wednesday. That was ...
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| Market & Finance |
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US bond yields surge: How will they impact your NPS debt returns?
For NPS investors, the rise in global bond yields is becoming something worth watching.
The US 10-year Treasury yield is hovering close to 5%, while the 30-year yield is above 5.2%. On September 22, the 10-year US Treasury yield stood at 4.96% and the 30-year yield at 5.29%, according to US Treas...
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Source - Yahoo India Finance @ 10:09 |
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| Indian Corporate |
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Welspun Corp expands global footprint , FY27 orderbook crosses Rs 44,100 crore so far
Welspun Corp’s order book stood at Rs 44,100 crore so far in FY27. This includes Rs 24,750 crore order received by the company till July 22, according to their Q1FY27 earnings release and its record largest-ever single order for pipe supplies from its US manufacturing facility. This is around Rs 19,...
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Airtel Cloud targets banks, insurers with sovereign push
Bharti Airtel‘s cloud arm is stepping up its push into the enterprise and government market, with the company in active discussions with some of the country’s largest banks, insurers and public sector institutions to migrate critical workloads onto its sovereign cloud platform.
“The potential pip...
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| Global Corporate |
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With New Macs, Apple Aims to Take on Microsoft, Nvidia in a Rush to Lower AI Costs
When Apple's new desktop computers start shipping Tuesday, the company's executives will make an unusual pitch to corporate buyers: They are cheaper than renting data centers.
Apple's upgraded Mac Minis and Mac Studios which can cost nearly $20,000 and handle AI tasks locally will go head-to-head...
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Microsoft Plans $10 Billion-Plus Gulf Investment With Focus on Resilience
Microsoft is planning to invest more than $10 billion across the United Arab Emirates, Saudi Arabia, Qatar and Kuwait between now and 2030, including in cloud and AI infrastructure, a senior executive said on Wednesday.
The US tech giant is making digital resilience a key part of its strategy for...
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SoftBank Issues $11.1 Billion in Bonds in OpenAI Financing Push
Technology investor SoftBank Group has issued a total of $11.1 billion in dollar- and euro-denominated bonds, a filing showed on Thursday, as it looks to generate cash to continue its investments in artificial intelligence.
SoftBank issued dollar-denominated senior notes of $1 billion at a 3-1/2-...
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Hope Fading for New Boeing Deal During US-China Summit, Sources Say
Hopes for a new China commitment to buy Boeing planes are sinking ahead of a Thursday summit between the US and Chinese presidents, two people briefed on the matter said on Wednesday, with negotiations still in flux.
The planemaker instead is trying to finalize a May deal for China to buy 200 pla...
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Honda Plans to Invest $2.5 Billion to Build Hybrid Vehicle Plant in Ohio, Nikkei Says
Japan's Honda Motor is in the final stages of preparations to build a new hybrid vehicle production plant in Ohio, the Nikkei business daily said on Thursday.
Honda plans to invest about 300 billion yen to 400 billion yen ($1.90 billion to $2.53 billion) in the new plant, expected to start produc...
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Space Investment More Than Doubled to $23 Billion in Year to June, Report Says
Private investment in space companies globally climbed to $23 billion in the year through June, more than double the $9.7 billion raised a year earlier, according to a report by Relm Insurance and British investment firm Seraphim on Wednesday.
SpaceX's June IPO has reshaped the funding landscape...
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Europe’s dangerous dependence puts it on Xi and Trump’s menu
“If we’re not at the table, we’re on the menu,” was Mark Carney’s warning to fellow “middle powers” earlier this year. Looking at this week’s US-China summit, the European Union will know exactly what the Canadian leader was getting at.
As Donald Trump and Xi Jinping prepare to discuss artificial i...
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