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US may drop fraud charges against Gautam Adani, SEC eyes settlement: Reports
US authorities are moving toward resolving fraud charges against billionaire Gautam Adani, Bloomberg and New York Times reported citing sources. The US Department of Justice (DOJ) could announce as early as this week that it is dropping the charges against Adani and other defendants. At the same tim...
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RBI likely to pay record dividend to govt this year
The Reserve Bank of India (RBI) is expected to pay the highest-ever dividend to the government, providing the Centre with a fiscal cushion to address challenges arising from the ongoing Middle East crisis, sources said.
Last year the RBI made a record dividend payout of Rs 2.69 lakh crore to the ...
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India figures in EU's draft list for continued export of aquaculture products
India has been included in the European Union's revised draft list for continued export of aquaculture products to the 27-nation bloc, a move that is expected to ensure uninterrupted shipments of these goods beyond September this year, an official statement said on Thursday.
The revised draft lis...
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Goyal calls for aligning standards, customs procedures between India and Africa to boost bilateral trade
Commerce and Industry Minister Piyush Goyal on Thursday pitched for aligning standards and customs procedures between India and Africa to boost bilateral trade.
He also said that the African Continental Free Trade Area (AfCFTA), valued at nearly USD 3.4 trillion, along with India's rapidly expand...
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India’s cities need Rs 80 lakh crore investment to support urban growth: Report
India will require nearly Rs 80 lakh crore in urban infrastructure investment by 2037 to support rapid urbanisation and economic growth, according to a report by Brickwork Ratings.
The report highlighted urban areas are expected to contribute nearly 70 per cent of India's GDP by 2036, making sust...
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Fiscal strain unlikely to hit crisis relief
India’s fiscal deficit in FY27 may overshoot the budgeted target to some extent as the Centre is implementing a series of relief and stabilisation measures to shield citizens, farmers and businesses from the fallout of the escalating West Asia conflict, sources told FE.
However, they stressed, th...
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Argentina Inflation Dips in April
Argentina's monthly inflation rate was 2.6% in April, down from the 3.4% registered in March but slightly above analysts' forecast of 2.5% despite increases in all sectors, data from national statistics agency INDEC showed on Thursday.
In the 12 months through April prices rose 32.4%, edging belo...
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| Global Economy |
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New Bank of Korea Board Member Says Inflation Worries Are Heightening
South Korea's newly appointed central bank board member, Kim Jin-ill, said on Friday inflation worries had heightened due to high oil prices sparked by the Middle East conflict.
Kim said economic conditions were improving led by the technology sector, but uncertainty was high over global investme...
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German Economy to Take Hit From Iran War During Q2, Ministry Says
Economic growth in Germany, which was just 0.3% in the first quarter, will likely take a significant hit from the effects of the Iran war in the second quarter, the federal economy ministry warned on Friday.
"Rising prices, supply chain issues and uncertainty are weighing on sentiment among busin...
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World Bank Forecasts Vietnam 2026 Economic Growth to Slow to 6.8%
Vietnam's economic growth is expected to slow to 6.8% this year from an expansion of 8% last year, the World Bank said on Friday.
The country's outlook remains solid but risks remain elevated in the near term, the bank said in a statement.
• "Softer global conditions are making Vietnam's exter...
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Japan's Q1 GDP Likely Rose on Firm Exports
Japan's economy is expected to have grown for a second quarter in January-March, supported by recovering exports and solid domestic demand, although the full impact of the Iran war had yet to be felt, a Reuters poll showed on Friday.
• Gross domestic product (GDP) in real terms likely expanded an...
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Japan's Wholesale Inflation Spikes on Energy Shock, Bolsters Case for June Rate Hike
Japan's wholesale inflation accelerated in April at the fastest pace in three years as the Iran war boosted oil and chemical goods prices, data showed on Friday, bolstering the case for the central bank to raise interest rates as soon as June.
The data came after a Bank of Japan (BOJ) policymaker...
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Peru's Central Bank Holds Benchmark Interest Rate at 4.25%
Peru's central bank held its benchmark interest rate for the eighth straight time on Thursday, keeping it at 4.25%, in line with analysts' expectations, after inflation in April remained outside the bank's target range.
Peru's inflation has risen recently after a series of energy shocks sent pric...
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New Zealand Manufacturing Expansion Nearly Stalls in April, Survey Shows
New Zealand's manufacturing index marginally expanded in April, but the sector's growth slowed to a six-month low as the conflict in the Middle East drove up costs and disrupted supply chains, a survey showed on Friday.
The Bank of New Zealand-Business NZ's seasonally adjusted Performance of Manu...
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Venezuela Debt Restructuring to Bring Country 'Out of Shadows,' Central Bank Chief Says
Restructuring Venezuela's sovereign debt and that of state oil firm PDVSA will bring the country "out of the shadows" of the global financial system, interim Central Bank President Luis Perez said on Thursday.
Venezuela announced on Wednesday it would begin restructuring its external debt, which ...
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Inflation Is Most 'Pressing Risk' to US Economy, Fed's Schmid Says
Inflation is the biggest risk to a U.S. economy that has shown "remarkable resilience" in the face of numerous challenges, and the job market is stable, Kansas City Federal Reserve President Jeffrey Schmid said on Thursday.
"I see continued inflation as the most pressing risk to the economy," Sch...
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US Import Prices Surge in April as Fuels Post Biggest Gain in Four Years
U.S. import prices surged in April, with the cost of fuels posting the largest increase in four years, another indication that the U.S.-backed war with Iran was boosting inflation.
Import prices increased 1.9% last month after an upwardly revised 0.9% rise in March, the Labor Department's Bureau ...
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UK Economy Posts Strong Q1, but Iran War Casts Shadow Over Outlook
Britain's economy grew unexpectedly in March to cap another strong first quarter, suggesting it was in better shape as the Iran war escalated than many feared, though economists said seasonal distortions were flattering the figures.
Gross domestic product increased by 0.3% month-on-month in March...
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UK's economy grows by 0.6% in Q1 2026 despite Middle-East conflict headwinds
The UK's GDP grew by 0.6 per cent in the first quarter of 2026, following an increase of 0.2 per cent in Q4 of 2025. According to the data released on Thursday by the Office of National Statistics, the UK's official statistics agency Office, the growth was primarily driven by the services sector whi...
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| Market & Finance |
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Global Bonds Tumble as Flaring Inflation Spooks Investors
The global bond market limped to the end of a bruising week on Friday, as growing evidence of economic damage from the Iran war prompted investors to assume interest rates will rise faster than expected and growth will suffer.
U.S. Treasury yields hit their highest in around a year as traders a...
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ECB filings halve to USD 5.43 billion in March: RBI
Foreign borrowing filings by companies and lenders halved to USD 5.43 billion in March amid financial market volatilities following the West Asia conflict, the RBI said on Thursday.
The proposals filed by Indian companies, including non-banking financial companies (NBFCs), were lower than the USD...
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RBI considers reducing taxes on bond investments by foreigners: Report
India is considering a significant reduction in the taxes paid by foreign investors on the country's bonds as authorities seek to align policies with global norms and attract inflows, Bloomberg News reported on Thursday.
The move, recommended by the Reserve Bank of India, is being seriously consi...
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SEBI proposes to allow intraday borrowing by mutual funds for purposes other than redemption/ payouts
Securities and exchange board of India (Sebi) proposed on Wednesday to allow mutual fund houses to use intraday borrowing for purposes other than redemption or unitholder payouts like for liquidity needs for trade settlements, derivative obligations, repayment of existing borrowings etc....
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| IMC Chamber of Commerce and Industry Events |
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Source - Yahoo India Finance @ 12:05 |
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| Indian Corporate |
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IRFC Q4 profit flat; FY26 PAT hits record Rs 7,009 crore
Railway PSU, IRFC has posted a flat profit for March quarter, as its net profit for Q4 edged up by just 0.14% at Rs 1,684 crore against Rs 1,618 crore reported in the year-ago period. On a sequential basis the company’s bottom line declined by more than 6% from Rs 1,802 crore.
IRFC: Q4 revenue r...
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HAL Q4 Result: Net Profit rises 5%, announces highest-ever dividend of Rs 35
The share price of defence equipment manufacturing company, Hindustan Aeronautics rose by 4% as the company posted 5% growth in its consolidated net profit for the March quarter largely driven by high operational revenue and one-off accounting gains. The company has also announced its highest ever ...
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JSW Steel profit up 989% in Q4 on one-off gains
Sajjan Jindal-led JSW Steel reported a 989.2% year-on-year jump in net profit for the fiscal fourth quarter, driven mainly by one-time gains on account of the slump sale in Bhushan Power and Steel Limited (BPSL), and supported by lower cost of materials, lower mining premium and royalties, and reduc...
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Air India posts $2.8 billion loss in FY26
Air India posted a record annual loss of about $2.8 billion, or nearly Rs 26,798 crore at current exchange rates, for 2025-26, as disruptions linked to the Iran conflict, closure of Pakistani airspace for Indian carriers, high fuel prices and aircraft supply constraints weighed heavily on operations...
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Muthoot Finance Q4 profit doubles to Rs 3,086 crore on record gold loan growth
Muthoot Finance’s standalone net profit more than doubled year-on-year to Rs 3,086 crore in the fourth quarter of FY26, driven by a sharp rise in interest income and record gold loan disbursements. The country’s largest gold loan NBFC had reported a net profit of Rs 1,508 crore in the year-ago perio...
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GCCs, EVs, commercial spaces offering big opportunities: CEO & MD, Tata Power
Tata Power beat analyst estimate with a profit of Rs 996 crore in Q4. Going ahead, the integrated power company would be ready with a detailed project report (DPR) for its nuclear projects. Its MD & CEO Praveer Sinha tells Raghavendra Kamath that data centres are not a significant opportunity for po...
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Titan: Why Nomura eyes 20% growth and Rs 500 crore gain despite 15% duty on Gold
The Indian jewellery sector stocks continue to be in the limelight after the government sharply increased the effective import duty on gold from 6% to 15%.
The move, announced amid concerns around rising imports and pressure on foreign exchange reserves, has raised questions about jewellery dema...
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| Global Corporate |
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US Business Inventories Post Biggest Gain in Nearly Four Years in March
U.S. business inventories increased by the most in nearly four years in March, boosted by stocks at wholesalers, government data showed on Thursday.
Inventories rose 0.9%, the largest gain since June 2022, after climbing 0.4% in February, the Commerce Department's Census Bureau said on Thursday. ...
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Chip Export Controls Not Major Topic in China Talks, US Trade Rep Greer Tells Bloomberg News
U.S. Trade Representative Jamieson Greer told Bloomberg TV in an interview on Friday that U.S. export controls on semiconductor chips were not a major topic of discussions with Chinese officials in Beijing.
The comments suggest a breakthrough on selling Nvidia's advanced H200 chips to China remai...
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China Still Drags Its Feet on Rare Earths Sometimes, Says Greer
Rare earth exports from China to the United States are improving although Beijing is still slow to approve some shipments, U.S. Trade Representative Jamieson Greer said on Thursday.
China still drags its feet with some export licenses, he said during an interview on Bloomberg Television, and U.S....
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Trump says made 'fantastic trade deals' with Xi
President Donald Trump said he made "fantastic trade deals" with Xi Jinping, as the pair met on Friday at final meetings of a superpower summit that according to the US leader has also reaped a Chinese offer to help open the Strait of Hormuz.
Trump had arrived in Beijing seeking to seal deals in ...
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