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Weak monsoon may weigh on rural demand, credit growth in coming months: S&P Global Ratings
A weak southwest monsoon could weigh on India's rural economy in the coming months by reducing farm incomes, pushing up inflation and slowing rural demand, according to a report by S&P Global Ratings.
The report said sectors such as agriculture, agrochemicals, tractors, two-wheelers and microfina...
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RBI rate hike: Interest burden for Indians may go up later this year amid inflation risks
The Reserve Bank of India (RBI) is likely to keep policy rates unchanged in the near term, but BofA Securities expects a cumulative 50 basis points (bps) rate hike from December 2026 as inflation risks become increasingly driven by domestic factors.
According to the report, macroeconomic risks ha...
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ADB cuts India’s FY27 growth forecast to 6.6%
The Asian Development Bank (ADB) on Thursday cut India’s GDP growth forecast for FY27 by 30 basis points (bps) to 6.6% from the 6.9% projected in April, citing the impact of rising energy prices on domestic demand, while retaining its FY28 growth estimate at 7.3%.
In its July Asian Development Ou...
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India posts world’s fastest growth in intangible investments, touches $78.2 billion: Piyush Goyal cites WIPO report
India has emerged as the fastest-growing major economy in intangible investments, with spending on assets such as software, research and development (R&D), intellectual property and organisational capabilities reaching $78.2 billion (around Rs 6.7 lakh crore) in 2023, according to the World Intangib...
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India secures Australian uranium for energy push
The agreement, announced after Prime Minister Narendra Modi and his Australian counterpart Anthony Albanese held talks in Melbourne, comes nearly 12 years after the two countries signed a civil nuclear cooperation agreement.
Fueling the Baseload
It is significant for India’s energy strategy as n...
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| Global Economy |
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US jobless claims fall to 215,000 as layoffs remain historically low
Fresh unemployment claims in the United States fell unexpectedly last week, suggesting employers continue to hold on to workers even as hiring momentum weakens and economic uncertainty persists.
Data released by the US Labour Department on Thursday showed 215,000 Americans filed first-time applicat...
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US Power Companies Scramble to Secure Equipment as Surging Data Center Demand Strains Supplies
Skyrocketing demand from artificial intelligence data centers is exacerbating shortages of critical grid equipment like transformers across the U.S., driving up costs, stretching out wait times and spurring utilities and developers to lock in orders far in advance.
Transformers, which are used to...
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Kenya Economy to Grow 4.3% in 2026, 4.4% in 2027 - World Bank
Kenya's economy is expected to expand 4.3% this year and 4.4% in 2027, the World Bank said on Thursday, with this year's forecast being 0.6 percentage points lower than its November prediction due to the impact of the U.S.-Israeli war on Iran.
Kenya's economy grew 4.6% in 2024. The country's fina...
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ECB Saw Inflation Rising Despite Nearly Three Expected Hikes, Accounts Show
European Central Bank policymakers gathering last month were presented with projections showing inflation staying above target into next year despite nearly three ECB interest rate hikes, accounts of the meeting showed on Thursday.
The ECB raised rates at the June 10-11 meeting and investors expe...
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Mexico's Annual Inflation Hits Lowest Level in Over Five Years
Mexico's annual inflation rate fell in June for the third consecutive month, to its lowest level since December 2020, official data showed on Thursday.
Annual prices in Latin America's second-largest economy slowed more than expected and settled into the central bank's target range, easing press...
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French Central Bank Revises Growth Forecast Higher Despite Heatwave Disruption
French economic growth strengthened in the second quarter as activity increased in June across industry and rebounded in services and construction, the Bank of France said on Thursday, revising its outlook up.
After a weak month in May marked by several public holidays, firms largely managed to s...
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German Inflation Confirmed at 2.4% Y/y in June
German inflation eased to 2.4% in June, the federal statistics office said on Friday, confirming preliminary data.
Inflation, or the gain in consumer prices harmonised to compare with other European Union countries, had stood at 2.7% year-on-year in May....
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Source - Yahoo India Finance @ 08:07 |
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| Indian Corporate |
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Beyond Renault: Nissan open to new manufacturing tie-ups
Nissan Motor Co is open to exploring manufacturing partnerships with automakers beyond Renault in India, signalling strategic flexibility as it looks to expand in one of the world's fastest-growing passenger vehicle markets.
Guillaume Cartier, chief performance officer at Nissan, told ET the comp...
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Tata Steel Q1: India production surges 11% but European slowdown drags global output
The share price of Tata Steel fell nearly 1% in early trade after the company released its provisional business update on July 8, after market hours. For Q1FY27, Tata Steel India’s crude steel production increased 11% year-on-year to 5.82 million tonnes from 5.23 million tonnes reported in the year-...
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Rural India lifts FMCG value growth to 6.8% in Q1: Bizom
India’s fast-moving consumer goods (FMCG) market witnessed an improvement in value growth during the June quarter (Q1FY27), supported by sustained momentum in rural markets, according to Bizom data shared exclusively with FE.
Overall FMCG value growth rose to 6.8% in the April-June quarter, up fr...
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TCS adds over 9,200 employees, highest in over a year
Tata Consultancy Services (TCS) added 9,279 employees during the June quarter, its highest quarterly headcount addition in more than a year, signalling an improvement in hiring even as the company continues to reshape its workforce around artificial intelligence (AI).
The addition took TCS’ total...
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TCS profit slips on one-off legal hit; revenue beats Street
Tata Consultancy Services (TCS), on Thursday reported a 2.7% sequential decline in consolidated net profit for the April-June quarter, weighed down by a one-time legal provision, even as the country’s largest IT services company beat Street expectations on revenue and pointed to sustained demand for...
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| Global Corporate |
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Global PC shipments decline after nine positive quarters as memory crunch deepens
After nine quarters of growth, or at least maintaining stability, global PC shipments have witnessed a significant negative trend in Q2 2026. Research firm International Data Corporation (IDC)’s latest PC shipments data indicates a 4.9% decline, with Apple being the only computing device maker to ga...
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Shipping at Hormuz nearly comes to a halt, Iran issues new warnings: Report
Commercial shipping through the Strait of Hormuz has nearly come to a halt after vessels were fired upon and Iran issued new warnings against crossings. This raises the risk of prolonged disruption to global energy supplies.
According to a report in Bloomberg that cited tracking data, no commercia...
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Micron Boosts US Investment Plan Again, Commits $250 Billion Through 2035
Micron Technology said on Thursday it plans to invest more than $250 billion in the U.S. through 2035, driven by surging demand for memory chips in the AI era and President Donald Trump's push to bolster domestic chip production.
The new investment plan represents a jump from the $200 billion tha...
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OpenAI Unveils Long-Awaited 'Super App' as Rivalry With Anthropic Intensifies
OpenAI showcased a new AI agent on Thursday meant to help white-collar workers access the power of coding tools without the sticker shock.
The agent, called ChatGPT Work, combines OpenAI's popular chatbot with its AI coding tool, Codex, to create documents, presentations and websites, the compan...
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Global EV Demand Rises Again as Europe Offsets China, U.S. Weakness
Global demand for electric vehicles rose for a fourth straight month in June, driven by strong growth in Europe as sales weakened in China and North America, data from consultancy Benchmark Mineral Intelligence showed on Friday.
Registrations of battery-electric and plug-in hybrid vehicles climbe...
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Japan Encourages GPIF to Boost Domestic Investment
Japan is seeking to encourage its Government Pension Investment Fund, the world's biggest pension fund, to boost investment in domestic assets, Finance Minister Satsuki Katayama said on Friday.
The fund owned 293.4 trillion yen ($1.8 trillion) in assets at the end of December, so its allocation d...
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SK Hynix Set for Marquee US Debut in Test for AI Appetite
SK Hynix's U.S. trading debut on Friday following a $26.5 billion share sale will be a key test of investors' belief in the durability of the AI boom, coming after a recent pullback in semiconductor stocks.
Chip stocks have lost some momentum in recent weeks after a stellar run, partly due to inv...
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LNG tankers return to Strait of Hormuz despite renewed Middle East tensions
More liquefied natural gas (LNG) tankers have resumed transiting the Strait of Hormuz in recent days, signalling a cautious return of commercial shipping through one of the world's most critical energy corridors despite renewed hostilities in the Middle East.
Ship-tracking data from Kpler and LSE...
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Starbucks taps tech's wonder kid and serves Microsoft, IBM a cold brew
Starbucks Corp. is developing in-house tools with the help of artificial intelligence that could replace some software applications it now buys from companies such as Microsoft Corp. and International Business Machines Corp.
The coffee chain is building alternatives to a Microsoft system that tra...
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