INDIAN ECONOMY
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India's petroleum product exports could increase by around 25% from the FY25 level of $44.4 billion. India is one of the world's leading exporters of refined petroleum products. The increase is expected to come over the next few years as new refining capacity becomes operational by December 2026 through India...
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Russia is one of the few countries in the world that stands out for being one of the biggest exporters of crude oil and also among the largest refiners. But, four years after Moscow's war with Ukraine began, reports have emerged suggesting that India is now supplying gasoline to Russia.
According to a Reuter...
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The government has notified the mandatory use of the Trade Receivables Discounting System (TReDS) by all operating Central Public Sector Enterprises for the settlement of transactions with their MSME suppliers, in a decisive step to end the long wait for payments faced by the enterprises.
The Ministry of M...
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India and New Zealand on Saturday (local time) elevated their bilateral relationship to a "Strategic Partnership" and adopted the "India-New Zealand Strategic Partnership: Roadmap to 2030", setting out an ambitious framework to deepen cooperation across trade, agriculture, security, innovation and people-to-p...
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Temporary global shocks may affect India's first quarterly economic performance during financial year 2026-27 (Apr-Mar), but the country's long-term growth trajectory remains strong despite prevailing uncertainties, Abhishek Rara, Partner, Price Waterhouse LLP, told on Friday.
"We do have certain uncertain...
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The government has acknowledged that E20 petrol is currently costlier to produce than pure petrol at prevailing crude prices and can reduce fuel economy by 3-5% in some vehicles, but defended the ethanol-blending programme as a long-term energy-security move aimed at cutting India’s exposure to imported oil.
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India may face fresh regulatory heat as a sanctions bill to curtail purchase of Russian oil gains momentum in the United States. Four senators said on Friday that they had reached agreement with the Trump administration to move forward with updated legislation — assuring that it would be unveiled “very soon”....
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India’s data-centre sector is poised to draw investments of nearly $90 billion by FY35 across construction, power, cooling, networking and security infrastructure, according to a report released by KPMG in India this month, as the country’s installed capacity is projected to expand roughly tenfold over the ne...
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The government’s ethanol blending programme has helped timely payment of cane arrears to farmers and made the sugar industry financially viable, a food ministry official said on Friday.He said that blending 20% of ethanol with petrol, has helped the country save foreign exchange worth Rs 1.9 lakh crore as the...
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Extreme heat is emerging as a direct threat to Indian household incomes and living costs, with agriculture and construction workers projected to lose the equivalent of 22.5 working days a year to heat stress by 2030, according to a new report by adelphi global.
The report, Heat, Health and Increasing Cost ...
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India has revved up plans to bolster its emergency crude buffer after recent geopolitical shocks exposed risks to oil supply routes.
State-owned Oil And Natural Gas Corporation (ONGC) has approved a 1.75-million-tonne strategic petroleum reserve at Mangaluru, adding nearly 13 million barrels of storage. O...
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MARKET & FINANCE
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Global equity funds attracted their largest weekly inflow in three weeks in the week to July 8, as strong demand for AI-linked technology products and cooling expectations for Federal Reserve rate hikes boosted risk appetite.
Global equity funds drew a net $49.23 billion in inflows during the week, marking...
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A sharp retreat from tech-heavy equities in South Korea and Taiwan fuelled net emerging market stock outflows of $46.1 billion from foreign investor portfolios in June, banking trade group data showed, contributing to a second straight month of overall portfolio losses for developing economies.
The monthly...
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Morgan Stanley’s Lisa Shalett has urged investors to remain cautious on semiconductor stocks, arguing that signs are emerging that chipmakers’ pricing power is weakening despite the AI-driven rally.
“We are seeing the AI data center tech stack, if you will, being re-engineered to include lower cost proprie...
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The government on Friday exempted units operating in the International Financial Services Centre (IFSC) at GIFT City from obtaining a licence under Section 11 of the Coastal Shipping Act, 2025 for chartering foreign vessels for export-import (EXIM) and international trade operations, in a move aimed at streng...
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Investor participation through systematic investment plans (SIPs) strengthened in June, with the mutual fund industry recording the highest net monthly increase in contributing SIP accounts since February 2026.
The industry registered 5.55 million new SIPs during the month against 5.06 million discontinuat...
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A decade ago, it was not too difficult to spot a person who had achieved financial success. That success was easily identifiable: a luxury vehicle in the driveway or an expensive watch on the wrist. Or simply a very extravagant lifestyle which was impossible for others to ignore.
However, today, with growi...
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GLOBAL CORPORATE
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U.S. oilfield services firm Baker Hughes BKR.O secured EU antitrust approval on Friday for its $13.6 billion acquisition of Chart Industries GTLS.N after agreeing to sell a Chart business.
Baker Hughes announced the deal in July last year to boost its presence in industrial technology servicing liquefied n...
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German carmakers' sales collapsed further in China during the second quarter, as a protracted slowdown in the world's biggest auto market cranked up the pressure on legacy brands in a bruising battle with local competitors.
Volkswagen, Mercedes-Benz and BMW all saw a drop of at least 30% in the April to Ju...
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Russia's decision to ban diesel exports this week has roiled global energy markets, exacerbating shortages of the industrial fuel and sending prices soaring, even in countries that no longer buy the fuel from Moscow.
Diesel accounts for the largest share of global oil consumption, and soaring prices can ri...
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Apple has sued OpenAI and two former employees on Friday, accusing them of trade secret theft amid simmering tensions between the two tech giants over the past few months. The lawsuit filed in federal court in Northern California underscored the Tim Cook-led Big Tech firm alleging that the ChatGPT maker orche...
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Banking
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Kotak Mahindra Bank will keep exploring acquisitions alongside organic growth to expand its business, managing director and chief executive officer Ashok Vaswani said in the bank's annual report.
"While our primary focus remains on organic growth, we will continue to pursue inorganic opportunities that enh...
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GLOBAL ECONOMY
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Consumer prices in France rose 2.0% year-on-year in June on an EU-harmonised basis, statistics office INSEE said on Friday, confirming a preliminary reading published earlier this month.
The harmonised inflation rate in the blo...
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Italian industrial output fell by more than expected in May, with a 0.3% month-on-month drop, official data showed on Friday, in a renewed sign of weakness for manufacturing in the euro zone's third-largest economy.
A Reuters s...
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Canada's economy added a net of 18,200 jobs in June and the unemployment rate edged down to 6.5%, data showed on Friday, slightly beating estimates and continuing the momentum seen in the prior month despite the lingering trade un...
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The Bank of Canada will hold its overnight rate at 2.25% on July 15 and keep it there well into next year as price pressures remain largely contained and the economy gradually recovers, a Reuters poll showed.
While inflation ro...
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U.S. inflation "stepped up further this spring" as the evolving impact of tariffs, a war-related rise in energy costs, and the booming artificial intelligence buildout boosted price pressures that took root last year, the Federal ...
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INDIAN CORPORATE
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State-run Hindustan Copper Ltd (HCL) on Friday said it was moving in a "positive direction" over the proposed takeover of four Chilean copper blocks from state-owned Codelco, with transaction advisors already appointed to study th...
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Bank of Maharashtra (BoM) on Friday reported a 26.84% year-on-year (y-o-y) jump in net profit to Rs 2,020 crore for the June quarter, driven by healthy growth in net interest income, improved asset quality and a sustained push tow...
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Vikram Solar on Friday signed a Memorandum of Understanding (MoU) to set up a battery energy storage systems (BESS) manufacturing facility at the SIPCOT Industrial Park at Gangaikondan in Tirunelveli district in Tamil Nadu at an i...
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Tata Consultancy Services‘ June-quarter performance suggests the recovery in technology spending is likely to remain gradual rather than broad-based, with analysts pointing to sustained strength in banking and financial services b...
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State-run oil marketing companies are expected to post a combined EBITDA loss of about Rs 60,000-62,000 crore year-on-year in Q1FY27, as the full impact of the West Asia supply shock, elevated crude prices, weaker rupee and sharp ...
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