INDIAN ECONOMY
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Wholesale price inflation (WPI) fell to (-) 1 .21 per cent in October, driven by a decline in prices of food articles like pulses and vegetables, as well as lower fuel and manufactured items' prices, government data showed on Friday.
WPI-based inflation was 0.13 per cent in September and 2.75 per cent in O...
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Businesses in India are increasingly looking to Saudi Arabia to overcome challenges they face in other parts of the world, according to a new report by HSBC.
The survey report revealed that Saudi Arabia is emerging as a key destination for both trade and investment amid ongoing global uncertainty....
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The Export Promotion Mission (EPM) is set to boost India’s export competitiveness and significantly help MSMEs and first-time exporters. The mission is aimed at helping exporters identify new markets and introduce new products. It will also significantly improve ease of doing business. The credit guarantee sc...
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Hiring in the first 10 months of the current year has improved marginally from the year-ago period, suggests an ET analysis of data from HSBC and S&P Global Market Intelligence. The jobs component of the seasonally adjusted HSBC India Purchasing Managers' Index (PMI) rose to 53.8 in the first 10 months of 202...
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Canada and India are working to rebuild trade ties and explore new areas of cooperation after a two-year chill, with Ottawa keen to restart trade negotiations under “a new process”, Canadian Trade Minister Maninder Sidhu said on Monday.
Sidhu, on a three-day visit to India, met Commerce Minister Piyush Goy...
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High global cooking oil prices have ensured that the value of India’s import of edible oils – palm, soybean and sunflower – in 2024-25 oil year (November-October) rose by 22% to a record Rs 1.61 lakh crore on year, while volume of imports increased only marginally to 16.01 million tonne (MT), according to ind...
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The government has received 13 proposals with a net committed investment of Rs 1,914 crore in the fourth round of applications for the Production Linked Incentive (PLI) Scheme for white goods (Air conditioners and LED Lights).
Among the applicants, one is an existing beneficiary under the PLI Scheme for Wh...
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The Niti Aayog has roped in Crisil to undertake an evaluation of the fertiliser subsidy scheme, which accounts for 45% of the Centre’s budget outgo on major subsidies, to assess its efficiency and fiscal sustainability for policy intervention, sources said.
Nutrient Based Subsidy (NBS) policy came into eff...
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MARKET & FINANCE
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Indian government bonds fell further on Friday, as traders braced for a heavy debt supply and as a cash withdrawal operation from the central bank took the market by surprise.
The yield on the benchmark 10-year note was at 6.5280%, as of 10:20 a.m. IST. It rose 2 basis points to end at 6.5161% on Thursday....
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Biocon Ltd is exploring the merger of biosimilars arm Biocon Biologics Ltd with itself, people aware of the development told ET. The potential deal is said to value the arm at around $4.5 billion, they said.
The company, which had earlier been considering a listing of the biologics business, is in advanced...
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Muthoot Finance on Thursday reported an 87% year-on-year jump in its standalone net profit for the second quarter at Rs 2,345 crore, driven by a strong growth in interest income following record gold loan disbursements. Standalone revenue from operations rose 56% year-on-year to Rs 6,432 crore, led by a 55% i...
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GLOBAL CORPORATE
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Credit rating agency Fitch Ratings has downgraded British automaker Aston Martin's debt ratings, citing the luxury sports car maker's persistent negative cash flow and uncertainty around its U.S. customer base.
In a Thursday report, Fitch analysts noted Aston Martin's sales fell 17% year over year as of Se...
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South Korea's government said on Friday it would boost subsidies for electric vehicles (EVs) by 20% next year as part of a package to help the country's auto industry weather risks caused by U.S. tariffs.
The government said in a statement passenger EV subsidies would be increased to 936 billion won ($658....
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Norbert Steuer, a logistics worker at Swiss precision machinery maker K.R. Pfiffner, has been at the firm for over three decades. Now he is one of 80 out of 105 staff due to be let go as it reels from U.S. tariffs and a struggling auto industry.
The firm, which makes million-dollar machinery used by carmak...
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Food services major Jubilant Foodworks on Thursday posted a nearly threefold jump in its consolidated net profit at Rs 186 crore in the September quarter, while consolidated revenue was up 19.7% year-on-year at Rs 2,340 crore, beating Street estimates by a wide magin.
Bloomberg consensus estimates had pegg...
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The U.S. and South Korea released details of a trade agreement on Friday that includes a $150 billion Korean investment in the American shipbuilding sector and an additional $200 billion earmarked for industrial sectors, the two countries said.
The joint announcement followed a meeting in October between S...
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Banking
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The nation’s largest lender State Bank of India is planning to compete the overhaul and modernization of its core banking system within the next two years, a senior official has said.
The modernization is being carried out by the bank and its subsidiary SBI Payments Services, said the seniormost managing d...
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GLOBAL ECONOMY
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July 2019 |
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Euro zone industrial production rose far less in September than economists had predicted, though the big economies fared well and the shortfall was due to volatility among big foreign companies based in Ireland for tax reasons.
...
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The International Monetary Fund is seeing signs of strain in the U.S. economy with fourth-quarter growth likely decelerating from previous forecasts, but a lack of data due to the government shutdown has clouded its ability to ass...
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Current benign international financial market conditions are an opportunity for Argentina to accelerate its accumulation of international reserves, the International Monetary Fund said on Thursday.
"The recent improvement in ma...
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Brazil's Finance Ministry on Thursday trimmed its 2025 economic growth forecast to 2.2% from 2.3%, citing weaker than previously expected third-quarter results that also weighed on its outlook for the final three months of the yea...
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Cleveland Federal Reserve President Beth Hammack said on Thursday monetary policy needs to remain in a position where it can help lower inflation pressures, suggesting she leans against the U.S. central bank cutting interest rates...
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European financial stability officials are debating whether to create an alternative to Federal Reserve funding backstops by pooling dollars held by non-U.S. central banks in a bid to reduce their reliance on the U.S. under the Tr...
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Thailand's economic growth is projected to reach 2.1% this year and then slow to 1.6% in 2026 in the face of increasing economic headwinds, the International Monetary Fund said.
Economic conditions suggest there is room for fu...
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China's factory output and retail sales grew at their weakest pace in over a year in October, piling pressure on policymakers to revamp the $19 trillion export-driven economy as a trade war with the U.S. and weak domestic demand h...
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Japan's core consumer inflation probably accelerated in October for the second straight month, a Reuters poll showed on Friday, as smaller energy subsidies compared with a year earlier pushed up utility costs, while food price gai...
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UK economic growth slowed down to a near standstill in the third quarter of the year after a cyberattack halted production at the country's biggest automaker, official figures showed Thursday.
The slowdown represents a blow to ...
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In a sharp market reaction to OPEC+’s latest supply outlook, global crude prices tumbled nearly 4%, with Brent hovering near $62 per barrel. talking to ET Now, Peter McGuire, CEO of Australia-Trading.com, says the sell-off signals...
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INDIAN CORPORATE
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Vodafone Idea (Vi) narrowed its net loss for the second straight quarter, aided by an improving subscriber mix of higher-paying 4G/5G users, lower finance costs and a one-time exceptional gain.
During the September quarter, Vi'...
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Tata Motors Commercial Vehicles reported a loss of Rs 867 crore in the second quarter of FY26. Last fiscal year, the Tata Group company posted a consolidated profit of Rs 498 crore in the second quarter. The company said that the ...
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Air-conditioning and engineering services major Voltas on Thursday reported a 74.4% year-on-year decline in its net profit at Rs 34 crore for the quarter ended September, missing Street estimates by a wide margin. Bloomberg consen...
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Singapore Airlines’ September-quarter profit declined 82% year-on-year as losses at Air India, in which it holds a 25.1% stake, wiped out much of the group’s earnings despite steady revenue growth.
Net income for the three mont...
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Hero MotoCorp on Thursday reported a firm second-quarter performance, with profit, revenue and operating metrics all registering healthy gains as festival-season demand and GST-driven efficiencies helped lift volumes across key ca...
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Consumer electronics major LG India on Thursday reported a decline in September quarter (Q2FY26) net profit and a nearly flat growth in revenue amid GST transition issues, higher costs and deferment of purchases by consumers.
N...
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Two Adani Group companies — Adani Power and a wholly owned subsidiary of Adani Green Energy — received Letters of Award (LoA) from the Assam Power Distribution Company for two major projects in Assam: a state-of-the-art thermal po...
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Tata Steel has lined up a 7-7.5 million tonne (MT) capacity expansion pipeline across its Indian operations, with projects advancing through planning, engineering and approval stages, the steelmaker’s management said during the ea...
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GST
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The GST rate cuts brought down retail inflation by 85 basis points to a record low of 0.25 per cent in October and the declining trend is likely to continue in the coming months, according to experts.
The Consumer Price Index- (CPI-) based retail inflation was lowest in the current series (base year 2012),...
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