INDIAN ECONOMY
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The private capital expenditure growth in India reported a CAGR of 19.8 per cent in the last five years from FY21 to FY25E.
This growth was led by key sectors such as oil and gas, power, automobiles, and commodities, said news agency ANI as per a report by HDFC Securities.
The report noted that while pr...
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President Donald Trump said that India has offered to cut all its tariffs on US goods but downplayed any sense of urgency to reach a trade agreement with the world’s fourth-largest economy.
Trump cited India as an example of a country where he’s seeking to slash barriers to US exports during an interview ...
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Agriculture, pharma, electronics, and engineering goods together accounted for over 50 per cent of India's merchandise exports in 2024-25, according to government data, highlighting the country's growing strength in diverse sectors amid efforts to boost manufacturing and value-added exports.
Engineering go...
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The Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) has made a decent start in 2025-26, with an expenditure of Rs 9,078 crore until May 16. Work demand is led by Andhra Pradesh, Bihar, and Rajasthan.
The fund utilisation is about 58% of Rs 15,611 crore released by the Centre so far in F...
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India’s merchandise exports in the fiscal year 2024-25 were significantly bolstered by agriculture, pharmaceuticals, electronics, and engineering goods, which collectively contributed over 50 percent of the total, govt data released on May 16 showed.
The new data is being seen as a clear pointer to the suc...
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India's trade surplus with the UK has grown marginally over the past decade and it is anticipated that the tariff concessions under recently agreed upon Free Trade Agreement are expected to improve overall trade, according to a report by ratinga agency ICRA.
Merchandise trade between India and the UK incre...
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On May 6, 2025, India and the UK finalised a Free Trade Agreement (FTA) that aims to double trade between the world’s fifth and sixth-largest economies in goods and services, increasing it from $60 billion currently to $120 billion by 2030. The deal promises to boost economic cooperation, remove trade barrier...
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Agriculture, pharma, electronics, and engineering goods together accounted for over 50 per cent of India's merchandise exports in 2024-25, according to government data, highlighting the country's growing strength in diverse sectors amid efforts to boost manufacturing and value-added exports.
Engineering go...
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The ongoing social media call to ‘Boycott Turkey’ has impacted businesses significantly. Not only has there been a rising rate of travel cancellations, but there is also outrage against the use of imported goods from Turkey, including apples and marbles.
The ‘Boycott Turkey’ call comes after Turkey and Aze...
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MARKET & FINANCE
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Foreign holdings of U.S. Treasuries soared to a record high in March, data from the Treasury Department showed on Friday, rising for a third straight month, as demand for U.S. government debt remained robust a few months after President Donald Trump took office.
Holdings of U.S. Treasuries surged to $9.05 ...
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India’s foreign exchange reserves (forex) rose by $4.5 billion to $690.6 billion in the week ended May 9, on the back of rising gold reserves, data released by the Reserve Bank of India (RBI) showed.
Gold reserves increased by $4.5 billion, while foreign current assets, the largest component of the forex ...
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GLOBAL CORPORATE
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China has emerged as the top customer for Canadian oil shipped on the expanded Trans Mountain pipeline, ship tracking data showed, as a U.S. trade war has shifted crude flows in the year since the pipeline started operating.
China's new interest in Canadian oil comes as U.S. President Donald Trump's trade ...
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Container ship bookings for China-to-U.S. cargo have surged since the countries declared a 90-day truce on punitive tit-for-tat tariffs last weekend, operators said, spawning traffic jams at Chinese ports and factories that could take weeks to clear.
U.S. importers of sneakers and sofas to construction sup...
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President Donald Trump said he would set tariff rates for US trading partners “over the next two to three weeks,” saying his administration lacks the capacity to negotiate deals with all of its trading partners.
Trump said Friday that Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick “...
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US President Donald Trump on Thursday announced deals totaling more than $200 billion between the United States and the United Arab Emirates, including a $14.5 billion commitment between Boeing, GE Aerospace and Etihad Airways, the White House said.
Etihad confirmed on Friday it was ordering 28 wide-body ...
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Banking
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India’s central bank, the Reserve Bank of India (RBI), will hold a meeting with lenders next week to discuss possible changes in how it manages money in the financial system. People familiar with the matter said this step is part of the RBI’s efforts to ensure its decisions on interest rates have the desired ...
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GLOBAL ECONOMY
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July 2019 |
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The Japanese economy took a hit for the first time in a year, weighed down by fragile domestic demand and trade tensions with the US. Preliminary government data released on Friday showed that the gross domestic product (GDP) fell...
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.S. import prices unexpectedly rose in April as a surge in the cost of capital goods offset cheaper energy products.
Import prices gained 0.1% last month after dropping 0.4% in March, the Labor Department's Bureau of Labor Stat...
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U.S. consumer sentiment slumped further in May while one-year inflation expectations surged as households remained concerned about the economic impact of President Donald Trump's aggressive and often erratic trade policy.
The U...
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US consumer sentiment fell slightly in May for the fifth straight month, surprising economists, as Americans increasingly worry that President Donald Trump's trade war will worsen inflation.
The preliminary reading of the Unive...
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Moody's downgraded the U.S. sovereign credit rating on Friday due to concerns about the nation's growing, $36 trillion debt pile, in a move that could complicate President Donald Trump's efforts to cut taxes and send ripples throu...
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INDIAN CORPORATE
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Urban Company is rethinking its approach to international growth by moving away from its earlier strategy of building operations independently in foreign markets. The home services provider, which is preparing for a Rs 1,900-crore...
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Nissan is preparing plans to shut two car assembly plants in Japan and considering closing two factories in Mexico, as the automaker restructures, the Yomiuri newspaper reported on Saturday.
Nissan said in a statement on its we...
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US President Donald Trump’s latest diktat to Apple CEO Tim Cook against making in India is unlikely to shake the iPhone maker’s expansion plans in the country.
Senior government officials told ET that companies have taken a lon...
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Vodafone Idea has said that it cannot operate beyond FY26 without the government’s support. This is as per a report by CNBC-TV18. The company reportedly said that if it does not get support from the government, it will go to the N...
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Bharat Heavy Electricals Ltd (BHEL) on Friday released its fiscal fourth quarter earnings with profit at Rs 504.45 crore, missing estimates. This was 3.03 per cent higher in comparison to Rs 489.62 crore recorded during the corres...
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Hyundai Motor India (HMIL) on Friday reported a 3.7% year-on-year decline in its consolidated net profit for the January–March quarter at Rs1,614 crore. Despite the dip, the automaker surpassed Bloomberg’s consensus estimate of Rs...
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GST
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This is to inform taxpayers of the following developments concerning Table 3.2 of Form GSTR-3B:
1.As per the earlier advisory dated April 11, 2025, it was communicated that the auto-populated values in Table 3.2 of Form GSTR-3B would be made non-editable starting from the April 2025 tax period (i.e., for t...
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GST Network on Friday deferred the implementation of locking of the table showing inter-state supplies to unregistered persons and composition tax in monthly tax payment form GSTR-3B. GSTN, which manages the tech backbone for Goods and Services Tax, had on April 11, 2025, said from the April 2025 tax period, ...
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Insolvency
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Creditors recovered over ?67,000 crore from companies undergoing bankruptcy proceedings in the financial year 2024-25 (FY25), marking the highest-ever annual recovery under India’s Insolvency and Bankruptcy Code (IBC), data from t...
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