INDIAN ECONOMY
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India's economy is headed for a huge leap, on its way to touching the $7 trillion mark by the end of this decade!
At the IX USISPF Leadership Summit 2026, India's ambassador to the United States, Vinay Mohan Kwatra, laid out a long-term growth roadmap for the country, pointing to a series of big economic jum...
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Union Commerce Minister Piyush Goyal held a productive meeting with Greece's Minister of Development Takis Theodorikakos to discuss strengthening economic ties, as per a statement by the Minister.
Taking to his X account he shared that he "Had a productive meeting with Mr. Takis Theodorikakos, Minister o...
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The government’s current rice and wheat stocks are at a record 91.6 million tonne (MT) which is likely to offer a cushion against any possible shortfall in the production of foodgrains due to the El NinoEl Nino risks.
At present, the Food Corporation of India (FCI) has 40 MT of rice and 51 MT of wheat aga...
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India's economy continues to do well despite global headwinds, with available economic indicators pointing to continued resilience despite external challenges, Secretary in the Ministry of Statistics and Programme Implementation (MoSPI) Saurabh Garg told on Monday.
"As you said the last quarter was extreme...
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India’s external debt was at $762.8 billion at the end of March 2026 up $26.3 billion from a year ago. As a result, the external debt to GDP ratio increased to 20.8% at the end of March 2026 from 19.8% a year ago.
The valuation effect due to the appreciation of the US dollar vis-à-vis the Indian rupee duri...
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The government has pledged an additional Rs 30,000 crore towards new and upcoming investment platforms of the National Investment and Infrastructure Fund (NIIF), taking its total commitment to the quasi-sovereign wealth fund to Rs 60,000 crore.
The proposal was approved by the Cabinet last week, the financ...
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Moody's Ratings does not expect higher oil prices or a wider fiscal deficit to threaten India's investment-grade rating this year. The agency said India can absorb temporary budget pressure from energy costs as long as the government continues to bring down the deficit over time.
India is rated Baa3 by Moo...
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India's e-commerce exports could surge by at least USD 10 billion over the next two to three years, a senior trade official said on Monday, pointing to the country's vast MSME ecosystem and untapped global consumer reach as the key drivers of that growth.
Rajesh Kumar Mishra, additional director at the Dir...
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Falling crude oil prices have prompted some analysts to trim India's inflation forecasts for the current fiscal year, but an uncertain monsoon season is emerging as a fresh risk to rural consumption and corporate growth expectations. as per a TOI.
Consumer goods companies are increasingly turning to divers...
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Brent crude has seen one of its fastest reversals in years — surging on fears of a prolonged Strait of Hormuz shutdown before retreating after the US-Iran agreement. The focus now shifts from panic to recovery, as inventories, shipping & Asian demand determine what comes next, writes Saurav Anand
Why oil p...
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India could be within “striking distance” of achieving 8% annual economic growth if the global geopolitical situation remains stable, Shaktikanta Das, principal secretary to the prime minister, has said, adding that the government has more economic reforms in the pipeline.
In an interview with the Financia...
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India’s industrial output grew 5.1% year-on-year (YoY) in May as compared to 4.9% in April under new series. The Index of Industrial Production (IIP) was at 122.7 in May, up from 116.7 in the same month last year.
Ministry of Statistics and Programme Implementation (MoSPI) said that this was driven by stro...
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MARKET & FINANCE
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The Japanese yen has weakened to its lowest level against the US dollar since 1986, a move that is likely to heighten concerns among policymakers and keep market participants alert for the possibility of official intervention to support the currency. During overnight trading in New York, the yen slipped past ...
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Global financial firms are pivoting expansion plans towards South Korea while taking a more measured approach to China and India, according to an industry survey.
Firms are also scaling existing businesses and widening product lines in a narrower set of markets, the survey conducted by Asia Securities Indu...
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Indian government bonds rose on Tuesday, with the benchmark 10-year yield on track for its biggest monthly decline in nearly seven years, supported by lower oil prices and a pickup in foreign buying.
The yield on the benchmark 6.94% 2036 bond was at 6.7223% by 11:45 a.m. IST, its lowest since March 18. It ...
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Indian bonds swung higher for a fifth straight session on Monday, supported by a pause in U.S.-Iran hostilities after renewed strikes over the weekend, though a widening monsoon deficit capped gains.
India's benchmark 10-year yield settled nearly 2 basis points lower at 6.7515%, falling for a fifth straigh...
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GLOBAL CORPORATE
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the Persian Gulf.
Kpler data cited by Bloomberg showed around 24 commodity vessels, including oil -tankers, liquefied natural gas carriers and bulk ships, passed through the strait in both directions on Monday. This comes after traffic fell sharply after another container vessel faced strikes last Thursday....
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Russian President Vladimir Putin admitted that his country is facing a “certain shortage” of fuel in the wake of repeated Ukrainian strikes on significant energy infrastructure, as the conflict between both sides has no end in sight. For the first time, the international leader detailed the extent to which Uk...
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South Korea on Monday announced one of its biggest industrial investment plans, placing semi-conductors and artificial intelligence at the centre of its economic strategy. President Lee Jae Myung unveiled a package worth over 886 trillion won (about $576 billion) to expand chip production, develop AI infrastr...
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British American Tobacco is reducing its 47,000-strong global workforce by about one-fifth as part of its sweeping plan to bring down costs and simplify operations.
By the end of this year, the maker of Dunhill cigarettes will have slashed 5,500 jobs and outsourced a further 3,500, according to an internal...
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Banking
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Some Indian banks could see stronger interest margins in the July-September quarter as the central bank's measures boost rupee liquidity and reduce the cost of borrowing for funds that mature within a year, four bankers said.
Certificates of deposit (CDs), which banks use to raise funds for up to one year,...
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HDFC Bank on Monday appointed Rajiv Kumar, a former IAS officer and ex-Chief Election Commissioner of India, as its Part-time (Non-Executive) Chairman, ending a months-long search for a permanent head following the abrupt exit of Atanu Chakraborty in March.
The bank's board, at a meeting held on June 29, a...
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The fall in government security yields is likely to help banks recover part of the Rs 30,000 crore treasury losses they reported in the fourth quarter of FY26 ended March 31, 2026, said bankers.
Over the past week, government bond yields have declined by 25-30 basis points, reversing the earlier trend. Thi...
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GLOBAL ECONOMY
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Brazil's government expects total spending as a share of gross domestic product to decelerate and end the year at around 19%, Treasury Secretary Daniel Leal said on Monday....
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The euro zone economy appears to have built greater resilience to economic shocks, allowing the European Central Bank to raise interest rates more easily without fearing it would set off financial stress, ECB President Christine L...
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Argentina's economic activity grew less than expected in April, official data showed on Monday, as gains in mining and agriculture were partly offset by weakness in manufacturing and commerce....
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British businesses' confidence about the economic outlook fell this month although their assessment of their own prospects was less downbeat, a survey by Lloyds showed on Tuesday....
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Japan's factory output rose at a slower-than-expected pace in May from the previous month, government data showed on Tuesday.
Here are a few details.
• Industrial output grew 0.5% in May from the previous month, versus the m...
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China's factory activity returned to expansion in June, an official survey showed on Tuesday, driven by strong high-tech manufacturing exports linked to the AI boom, even as shipments of other goods remained weak alongside subdued...
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More of the world's central banks plan to cut dollar allocations than increase them in the coming decade as political risks associated with the U.S. currency rise, an OMFIF survey of public investors released on Tuesday showed. ...
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INDIAN CORPORATE
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Indian Hotel Company (IHCL), the hospitality arm of Tata Group and the Taj hotels parent, will invest up to Rs 7,500 crore in capital expenditure over the next five years, chairman N Chandrasekaran told shareholders at the company...
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Tata Communications on Tuesday announced strategic invetsments in subsea cable infrastructure between India and Singapore through acquisition of significant fiber capacity, to strengthen its connectivity solutions between the emer...
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A decade after launching in India, Amazon Prime has evolved from a delivery subscription into a multi-tier membership programme spanning entertainment, rapid commerce and co-branded financial products. Membership is on track to do...
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Waaree Energies’ wholly owned subsidiary, Waaree Solar Americas Inc, has secured an international order to supply 236.22 MW of solar modules.
Waaree Energies in its regulatory filing said that the order is from a renowned custo...
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Oberoi Realty expects the NCR market to rival Mumbai in scale as it invests Rs 6,000 crore in its first project in the region and scouts for land in Noida and Gurugram.
The company is also evaluating opportunities in southern I...
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Vedanta group firm Hindustan Zinc Chairperson Priya Agarwal Hebbar on Monday said technology will be crucial to the company's next phase of growth, with increased investments in automation, artificial intelligence, advanced analyt...
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Hindustan Copper will apply for Navratna status according to outgoing chairman and managing director Sanjiv Kumar Singh. Speaking to ET, Singh said the Schedule ‘A’ Mini-Ratna, Category-I Central Public Sector Enterprise (CPSE) is...
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State-run Bharat Petroleum Corporation on Monday said it will acquire a 40 per cent equity stake in Tiki Tar and Shell India for Rs 85 crore in cash, as it seeks to expand its presence in India's fast-growing value-added bitumen m...
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Even before the proposed acquisition of Italy’s Iveco Group receives the final regulatory clearances, Tata Motors has begun outlining an ambitious roadmap of crossing one million commercial vehicle sales annually and joining the r...
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GST
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Centre has extended the last date for filing appeals before the Goods and Services Tax Appellate Tribunal (GSTAT) to July 31, 2026, giving taxpayers an additional month to submit their cases after a surge in filings led to technical difficulties on the GSTAT portal.
The extension applies to appeals filed u...
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Insolvency
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The government is examining a sector-specific insolvency framework for insurance companies under the Insolvency and Bankruptcy Code (IBC), similar to the one for the real estate sector.
Additional protection for insurance polic...
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