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Indian Economy |
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Joint statement on India–US trade deal due in 4-5 days: Trade minister
India and the United States are expected to issue a joint statement within the next four to five days on the proposed bilateral trade agreement, with the first tranche of the deal almost ready, the trade minister said on Thursday.
Piyush Goyal said discussions between New Delhi and Washington wer...
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India to ensure its record borrowing plan doesn't disturb markets, economic affairs secretary says
The Indian government will use various instruments, including bond switches, to ensure its record borrowings in the fiscal year starting April do not unsettle the market or push up yields, a senior finance ministry official said.
The borrowing plan will make sure rates are competitive and the mar...
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India-US energy corridor talks focus on India's growth-linked energy priorities
India's ambition to maintain high economic growth is closely linked to long-term energy security, Consul General D C Manjunath said, underlining the importance of dialogue and cooperation with the US industry to ensure reliable and affordable energy supplies, while advancing cleaner technologies and...
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India sets sail to add more trade muscle as it signs FTA terms with Gulf Cooperation Council
India signed the terms of reference for a free trade agreement (FTA) with the Gulf Cooperation Council (GCC) on Thursday to restart talks for a trade pact that is overdue since 2004.
FTA talks between India and the Middle-East group began with the signing of a framework agreement in 2004, followe...
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India’s GDP can reach $25–30 trillion in 20–30 years: Mukesh Ambani
Reliance Industries Chairman Mukesh Ambani said that India’s GDP could grow to $25-30 trillion in the next 20-30 years. He hinted that India could sustain a double-digit growth.
“I think that the Indian opportunity—we stand at about $4.5 trillion of GDP in a $110 trillion world. I like seeing us ...
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India, GCC to re-start negotiations on FTA
The negotiations between India and six-nation Gulf Cooperation Council (GCC) for a Free Trade Agreement (FTA) are ready to take-off more than two decades after the first attempt was made.
Both sides would be signing the Terms of Reference (ToR) of the agreement on Thursday which establish the fra...
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India’s growth bet needs scale, not caution: Ambani, Fink
India’s next phase of growth will demand both scale and conviction, with the country needing the equivalent of “100 new Reliances” over the next few decades even as artificial intelligence reshapes global productivity rather than inflating a speculative bubble, Mukesh Ambani and Larry Fink said at a...
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Global Economy |
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Economically weak nations not taken seriously on world stage: NITI Aayog ex-vice-chair Kumar
A robust economy forms the foundation of a strong foreign policy and India must grow faster and increase its share in global trade to gain respect on the world stage, economist and NITI Aayog's former vice-chairman Rajiv Kumar has said.
Economic strength decides a country's position in global polit...
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Indonesian economic growth tops 5% on consumption boost
Indonesia's economy picked up pace last year to grow more than five percent, data showed Thursday, thanks to a pick-up in consumption following a huge government stimulus package.
The government unveiled a $1.5 billion package of economy boosting measures in June including discounts for train, plan...
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Canada's Services PMI Shows Sector Downturn Gathering Pace in January
The downturn in Canada's services economy deepened in January as trade uncertainty contributed to declines in activity and new business, S&P Global's Canada services PMI data showed on Wednesday.
The headline Business Activity Index fell to 45.8 last month from 46.5 in December, marking a third s...
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Thai Headline CPI Drops More Than Forecast in January, to Rise From April, Ministry Says
Thailand's annual headline inflation rate was negative for a 10th straight month in January, driven by lower energy prices and government support measures, but is set to turn positive by April, the commerce ministry said on Thursday.
The headline consumer price index dropped 0.66% in January from...
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Pakistan Must Create 30 Million Jobs Over Next Decade, World Bank President Says
Pakistan must create up to 30 million jobs over the next decade to turn its youth bulge into an economic dividend or risk instability and outward migration, World Bank President Ajay Banga said in an interview with Reuters.
Pakistan is entering the implementation phase of a 10-year Country Partn...
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German Industrial Orders Rise 7.8% in December
German industrial orders rose 7.8% in December, when compared with the previous month, on a seasonally and calendar-adjusted basis, the federal statistics office said on Thursday.
A Reuters poll of analysts had pointed to a fall of 2.2%.
The statistics office publishes more economic data on i...
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Global Investors Betting on 'Rising Star' Malaysia as Foreign Cash Piles In
Malaysian assets are drawing global investors as a soft U.S. dollar and rising geopolitical tensions spur diversification and the country's stability and growth are seen as an attractive alternative to stuttering regional rivals.
The increasing flow of foreign money illustrates a comeback for Mal...
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Market & Finance |
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Bitcoin Slumps With Key $70,000 Level in Sight
Bitcoin was on the cusp of breaking below the key $70,000 level on Thursday as a slide in the world's largest cryptocurrency showed no signs of stopping.
Bitcoin tumbled more than 3% in the Asian session to $70,052.38, its lowest level since November 2024.
Ether, the world's second-largest cry...
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Japanese government bonds rise on solid 30-year auction as snap election looms
Longer-dated Japanese government bonds rose on Thursday following solid demand at a closely watched auction of 30-year debt, even as a crucial election loomed on Sunday that would shape the government's big fiscal stimulus plans.
The 30-year JGB yield sank 6.5 basis points (bps) to 3.57% by 0611 ...
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| IMC Chamber of Commerce and Industry Events |
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| Indian Corporate |
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Coal India board clears Chile arm for lithium, copper; approves over Rs 6,300cr investments
Coal India Ltd's board on Wednesday approved setting up an intermediate holding company in Chile to pursue critical minerals opportunities, including lithium and copper, as both countries move closer to finalising a free trade agreement.
Commerce and Industry Minister Piyush Goyal had recently sa...
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Tata Motors to start assembling Range Rover Evoque in its new India plant
Jaguar Land Rover will begin assembling the Range Rover Evoque at a new factory in southern India on Feb. 9, accelerating a shift to relocate production and capture surging domestic demand for luxury cars.
The first vehicle will roll out from parent Tata Motors Passenger Vehicles Ltd.’s 90 billio...
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Bajaj Finserv Q3 FY26 profit slips marginally to Rs 2,229 crore; Income rises 24%
Bajaj Finance reported a marginal 0.09 per cent YoY profit decline in the third quarter of FY26. The company posted a consolidated net profit of Rs 2,229 crore in Q3 FY26. The financial service sector company’s consolidated net profit in Q3 FY25 was at Rs 2,231 crore.
The company’s consolidated ...
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BHEL wins Rs 1,200 crore BTG package order for Hindalco’s Aditya Aluminium unit in Odisha
Bharat Heavy Electrical (BHEL) secured an order in the range of Rs 1,200-1,500 crore from Hindalco Industries.
The state owned company in its BSE release said that the order win is for the execution of a 2 x 150 MW BTG package at its Aditya Aluminium plant in Lapanga, Sambalpur district....
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‘We are investing Rs 25,000 cr in city gas distribution over five years’: BPCL CMD
State-run Bharat Petroleum Corporation (BPCL) is stepping up investments across gas infrastructure, global fuel trading, refining expansion and clean energy as part of a broader strategy to strengthen its core business while building new growth engines. It will invest `25,000 crore over the next fiv...
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Tata Power Q3 profit drops 25% to Rs 772 cr
Tata Power on Wednesday reported a 25% drop in net profit for the third quarter of FY26 at Rs 772 crore as compared to Rs 1,031 crore during the same period last year. Analysts had estimated a net profit of Rs 919 crore for the quarter.
The company also missed analyst estimates on revenue, postin...
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| Global Corporate |
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Tesla UK Sales Plunge in January as Chinese Rivals Race Ahead, New Automotive Data Shows
Tesla sold less than half the number of battery-electric vehicles recorded by Chinese rival BYD in the UK last month, data from New Automotive showed on Wednesday, pointing to mounting competitive pressures on the U.S. automaker.
UK car sales of Tesla plunged more than 57% over the year earlier t...
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US, Mexico to Develop Coordinated Trade Policies on Critical Minerals
The United States and Mexico on Wednesday unveiled a 60-day plan to develop coordinated trade policies aimed at mitigating vulnerabilities in critical mineral supply chains, including possible price floors for certain mineral imports.
The plan, which includes no specific mention of China and its ...
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TSMC CEO Flags 3-Nanometre Chip Production in Japan, Investment Reported at $17 Billion
TSMC plans to mass produce advanced 3-nanometre chips in Kumamoto in southern Japan, TSMC CEO C.C. Wei said on Thursday, an investment local media reported was worth $17 billion as the Taiwanese firm seeks to meet soaring demand for AI chips.
TSMC, the world’s largest contract chipmaker and a key...
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Google Goes From Laggard to Leader as It Pulls Ahead of OpenAI With Stellar AI Growth
Alphabet is taking on OpenAI with a gusto that underscores Wall Street's perception that the Google parent is the leader in AI, a turn of events from a year ago when investors thought it was badly lagging behind rivals and punished its stock.
Alphabet executives struck a more confident tone on th...
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Exclusive-BYD Shifts to Local Parts in Brazil Factory in Bid for Market Leadership
Chinese automaker BYD is aiming to produce and source 50% of its vehicle components locally at its new Brazilian factory by the end of 2026, the company’s top executive in the country told Reuters, amid concerns about the EV giant undercutting the local industry.
Senior Vice President Alexandre B...
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EU lawmakers agree to unfreeze US trade deal after Trump's Greenland backtrack
European Union lawmakers decided on Wednesday to resume work on enacting the EU's trade deal with the United States, which they had suspended in protest against President Donald Trump's demands to acquire Greenland and his threats of related tariffs.
The European Parliament's trade committee had ...
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Oil prices fall as US, Iran agree to talks, easing conflict concerns
Oil prices fell on Thursday after the U.S. and Iran agreed to hold talks in Oman on Friday, easing concerns of a potential military conflict between them that could disrupt supply from the key Middle East-producing region.
Brent crude futures fell $1, or 1.4%, to $68.47 per barrel at 0152 GMT. U....
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