INDIAN ECONOMY
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Suddenly, India's long-term trade equation with China, where China exports far more than India's exports to China, has shown a small blip. India's exports to China rose almost 40% in the five months through August, as per government data. The big part of the spike was driven by electronics and engineering goo...
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The Consulate General of India in New York, in collaboration with ReNew and the US-India Strategic and Partnership Forum (USISPF), hosted a roundtable on 'US India Partnership: Powering the AI Economy' on the margins of the UN General Assembly week on Tuesday (local time).
In a post on X, the Consulate sai...
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India's new fast-track entry route for trusted foreign investors has drawn 164 registrations in just over 100 days, data from the Indian depository showed on Tuesday, signaling early adoption by sovereign wealth funds and pension funds, among others.
The Single Window Automatic and Generalised Access for T...
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India’s economy is proving harder to knock off course, with the Asian Development Bank raising its 2026 growth forecast to 7% as resilient consumers, investment and government spending cushion the country from a volatile global backdrop.
But the same outlook carries a warning: a strengthening El Nino, coup...
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S&P Global Ratings on Wednesday raised its forecast for India’s real GDP growth in the fiscal year ending March 31, 2027, to 7% from 6.6% earlier, citing stronger-than-expected growth in the June quarter, while expecting the Reserve Bank of India to raise its policy rate by 25 basis points during the fiscal.
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India’s economy is proving harder to knock off course, with the Asian Development Bank raising its 2026 growth forecast to 7% as resilient consumers, investment and government spending cushion the country from a volatile global backdrop.
But the same outlook carries a warning: a strengthening El Nino, coup...
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India is stepping up trade talks with Canada and Mexico as the three countries look to expand their markets and build new partnerships amid disruptions caused by US President Donald Trump’s tariff policies.
Negotiators from India and Canada plan to hold a fifth round of talks from October 5, building on di...
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India has the strongest economic growth outlook among the geographies, a survey — the World Economic Forum’s (WEF) Chief Economists’ Outlook — revealed. Of chief economists surveyed, 98% expect moderate or stronger growth in India over the next 12 months, including 74% who anticipate strong or very strong gro...
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A new document released by the Ministry of Statistics and Programme Implementation (MoSPI) on Monday provided a deeper look into India’s new GDP series, clarifying some issues raised by certain circles about the series, the computation of national income, and data sources.
The paper– ‘Sources and Methods f...
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States will need to overhaul their spending priorities and strengthen their finances as demographic ageing, rapid technological change, urbanisation and climate risks reshape expenditure demands, according to a background paper the Centre shared with the states over the weekend.
With states accounting for...
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India’s private sector activity picked up pace in September, led by a stronger performance in manufacturing. The HSBC Flash India Composite PMI Output Index rose to 56.5 in September, from 54.3 in August.
The latest reading pointed to the strongest expansion in private-sector activity since June and took t...
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MARKET & FINANCE
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JPMorgan Chase & Co. plans to double its business at Gujarat's GIFT City over the next couple of years, as the Wall Street bank expands its operations in trade finance, foreign exchange, liquidity and payments. The bank's GIFT City business currently has a book of close to $1 billion and serves a few hundred ...
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Company to seek final approval before starting operations; plans to explore supporting UAE’s domestic payment rails Aani and Jaywan PhonePe has received in-principle approval from the Central Bank of the UAE (CBUAE) for two licences, one for retail payment services and card schemes (RPSCS) and the other for s...
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The Reserve Bank of India (RBI) on Tuesday prescribed valuation norms for unquoted units of infrastructure investment trusts (InvITs) and real estate investment trusts (REITs) to ensure clarity and uniform practices in valuation. The amendment takes effect immediately.
Under the amended directions, quoted...
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Two years of lacklustre equity returns and bouts of volatility have changed the way retail investors put money into mutual funds. Rather than trying to time the market through lump-sum investments, they are increasingly taking the systematic investment plan (SIP) route — a shift that should cheer mutual fund ...
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GLOBAL CORPORATE
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BMW CEO Milan Nedeljkovic backs voluntary pricing agreements rather than tariffs to address the threat of low-cost Chinese car imports to European industry, he told the newspaper FAZ in an interview published on Tuesday.
"Some Chinese cars are being offered here at prices that are not comprehensible from a...
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From pre-bleached straight hair wigs to wavy clipped extensions and blinged-out coffin-shaped nails, sales of Chinese-made beauty accessories are surging across the United States.
While friction over soaring Chinese exports of high-profile items such as cars and batteries forms the backdrop to this week's ...
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Three commodity vessels transited the Strait of Hormuz on Tuesday, down from four a day earlier and below the 10-day moving average of about 15, preliminary shipping data showed on Wednesday.
The figures may change as some ships typically switch off their transponders during the voyage.
All three vessel...
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Finance Minister Nirmala Sitharaman on Wednesday said decisions taken in ongoing multilateral tax negotiations over the next few years would shape cross-border taxation for a generation, stressing that BRICS economies must ensure their perspectives are reflected in the emerging global tax framework.
Addres...
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Ukrainian President Volodymyr Zelenskyy has said Russia is heavily dependent on countries such as India, China and Turkey for its economy, as he called for an end to their energy trade with Moscow.
In an interview with The Wall Street Journal (WSJ), Zelenskyy said Russia’s economy depends on its oil and en...
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US President Donald Trump said on Tuesday that he supports stopping American diesel exports as fuel prices continue to rise. Treasury Secretary Scott Bessent, who was standing with Trump, said the administration was studying whether a full or partial export ban could actually be implemented.
The proposal c...
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Banking
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The Reserve Bank of India’s (RBI) measures and seasonal tax payments have helped ease banking system liquidity from its recent peaks. The system liquidity stood at Rs 4.92 lakh crore as of Monday, sharply down from an average surplus of Rs 10.34 lakh crore in the first two weeks of September. It touched a rec...
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The government is likely to announce a 10-member high-level committee on banking for Viksit Bharat, or its vision of creating a developed country by 2047, with public and private sector representation by the end of October.
Its composition is being finalised and is likely to include a former Reserve Bank of ...
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GLOBAL ECONOMY
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Sri Lanka's economy has proved remarkably resilient to successive shocks, with economic activity expanding 4.
2 per cent in the second quarter of 2026, the International Monetary Fund (IMF) said on Wednesday.
The growth mark...
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A board member of the Bank of Korea said on Tuesday the central bank will determine the timing and pace of further interest rate hikes by closely assessing inflation, economic growth and financial stability.
• "Going forward, f...
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New Zealand's top central banker said on Tuesday if recent gains in oil prices persist it would lead to "somewhat" higher inflation than previously forecast, adding that there remained significant risks to the country's economic r...
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Australia's top central banker said on Tuesday that upside risks to inflation may be materialising given energy prices have stayed high and there continued to be excess demand at home, underlining market wagers for a rate hike as ...
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An energy shock pushing up oil and gas prices is likely to last longer than the European Central Bank had anticipated in March, with geopolitical risks now looking elevated again, ECB Chief Economist Philip Lane was quoted as sayi...
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Canada's trade minister said on Tuesday that negotiations on separate free trade agreements with the Philippines and ASEAN are more than 90% complete, with Ottawa pushing to have both deals ready by the time Prime Minister Mark Ca...
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Britain's government borrowed more than expected in August, pushing the deficit for the financial year to date further above official forecasts and adding to a tough backdrop for finance minister John Healey's first budget next mo...
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A gauge of British factory orders rose this month to reach its highest level since July 2023, a Confederation of British Industry survey showed on Tuesday.
The report adds to recent signs of resilience in Britain's economy, as ...
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Wall Street ended last week looking calm on the surface. Oil prices were mostly steady and stocks barely moved. Underneath that calm, however, bond yields climbed to multi-decade highs in several countries as central banks continu...
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INDIAN CORPORATE
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The Securities and Exchange Board of India (SEBI) on Tuesday settled adjudication proceedings against five Adani firms over alleged disclosure and audit compliance violations after receiving settlement payments totalling Rs 1.50 c...
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LG India will look to absorb further input cost pressures through a richer premium product mix and operational efficiencies to avoid another round of price hikes, Sanjay Chitkara, Director and Co-Chief Sales and Marketing Officer,...
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Dixon Technologies is aiming to break into the ranks of the world's five largest electronics contract manufacturers within a decade, betting on components, IT hardware and data centre equipment to lift margins beyond its mainstay ...
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Insolvency
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The interim moratorium that temporarily protected personal guarantors from legal action by lenders ended on May 26 this year, including in cases that were already pending, the Insolvency and Bankruptcy Board of India (IBBI) said. ...
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