INDIAN ECONOMY
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Metals and mining giant Vedanta Resources is set for a historic restructuring that will see the $18 billion conglomerate split in four.
In an exclusive interview with Saket Kumar, Sudheer Pal Singh and Asit Ranjan Mishra/Business Standard in New Delhi, Vedanta Founder and Chairman Anil Agarwal discusses th...
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India must expand its international engagement to realise its vision of becoming a USD 30 trillion economy by 2047, according to Union Minister of Commerce and Industry Piyush Goyal.
Speaking at the closing session of the 5th Annual Meeting of the India Global Innovation Connect, the Minister emphasised th...
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India's inflation trajectory is giving the Reserve Bank of India more room to hold rates through Q1FY27, but food and fuel risks could still flip the script in H2. Yes Securities expects headline CPI for Q1FY27 to undershoot RBI's 4.2 per cent forecast as the May print at 3.93 per cent YoY and benign base eff...
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India's labour productivity gap with China has widened by more than USD 30,000 per worker since 2000, despite decades of strong economic growth, with the country yet to achieve the industry-led productivity transformation seen in economies such as China, South Korea and Vietnam, according to an Equirus Securi...
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India's new generation of Free Trade Agreements can act as a catalyst for manufacturing expansion, private capex revival and supply-chain integration, with Electronics, Pharmaceuticals and Engineering & Machinery Goods positioned as the strongest beneficiaries.
Yes Securities said the agreements, combined ...
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Food inflation, as measured by the recently revised consumer food price index, rose sharply to 4.78% in May, primarily because tomatoes and ginger became costlier. Sequentially, the all-India Consumer Food Price Index (CFPI) rose by 0.91% in the month from the April level. Food inflation was 4.2% in April 202...
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MARKET & FINANCE
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India's measures to improve the attractiveness of its debt are welcome, though concerns over oil prices and their impact on the rupee remain big hurdles in drawing foreign investors to government bonds, a top official at BlackRock said.
Seeking to shore up the rupee and interest in bonds, India last week a...
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On Friday, Elon Musk’s image loomed large over Times Square from the giant TV screen of the Nasdaq stock exchange, as tourists outside snapped selfies, SpaceX investors in T-shirts grinned at their newfound fortunes and news cameras jostled for position.
“If people had told me this was going to happen, I w...
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India's forex reserves dropped $711 million to $681.610 billion during the week ending June 5 due to a sharp decline in foreign currency reserves, according to the latest data released by Reserve Bank of India (RBI).
The decline follows an increase of $938 million in the previous reporting week, when the f...
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Elon Musk is once again at the centre of global financial attention as his net worth surges to unprecedented levels, putting him on the brink of becoming the world’s first trillionaire. According to the latest Bloomberg Billionaires Index, his wealth has climbed to around $1.1 trillion, driven largely by a sh...
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Indian investors looking to diversity seyond domestic markets can now ccess global stocks, mutual funds, woods and other International westment products through the GIFT ty (Gujarat International Finance
ec City
It's India's first smart city and International Financial Services Centm (IFSC) acting as a gl...
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Securities and Exchange Board of India (Sebi) Chairman Tuhin Kanta Pandey on Friday said the regulator is working on developing longer-term futures and options (F&O) contracts in the equity derivatives market as part of its broader effort to strengthen the derivatives ecosystem.
Speaking at the ET Now Mark...
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After seven quarters of contraction, the microfinance sector’s gross loan portfolio (GLP) posted a sequential growth of 3% to Rs 3.25 lakh crore in Q4FY26, aided by a sharp recovery in disbursements and improving asset quality.
On a year-on-year basis, however, the sector’s GLP remained 13% lower than Rs 3...
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GLOBAL CORPORATE
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The US, country that once refused to export its fuel,
has now climbed to the top spot in the global oil export
rankings, overtaking crude heavyweights such as Saudi
Arabia and Russia. As the world continues to feel the
ripples of the ongoing Middle East crisis, US exports of
crude and fuel reached around...
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Anthropic said on Friday it will "abruptly disable" its most advanced AI models for all users after the U.S. government ordered it to suspend access to the models for foreign nationals, citing national security concerns.
The company received the export control directive to suspend access to Fable 5 and Myt...
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Banking
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The RBI's recent measures to incentivise overseas borrowings could lower funding costs for banks by 2-2.50 per cent through the external commercial borrowing (ECB) route, helping lenders raise resources at cheaper rates while improving liquidity conditions, according to a report.
It also said that the RBI'...
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GLOBAL ECONOMY
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Consumer prices in France rose 2.8% year-on-year in May, the highest level since February 2024, statistics office INSEE said on Friday, confirming a preliminary reading published last month.
The EU-harmonised inflation rate in ...
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Germany's economic recovery is likely to proceed in small steps at best, depending on the conflict in the Middle East, and energy and commodity prices, the economy ministry said on Friday.
The ministry added in its monthly repo...
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Heavy government spending on defence and infrastructure will stop Germany from slipping into recession this year, as the war in Iran takes its toll on Europe's biggest economy and lifts inflation, the Bundesbank said on Friday.
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Brazil's consumer inflation accelerated more than expected in May, official data showed on Friday, breaching the top of the central bank's target range for the first time since October ahead of a key rate decision next week.
An...
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U.S. consumer sentiment bounced off record lows in early June as easing gasoline prices offered households some relief, though concerns about inflation stoked by the Middle East conflict lingered.
Lower-income households led th...
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The Italian economy will grow by 0.6% this year and 0.4% in 2027, the country's central bank said on Friday, confirming its previous estimate for 2026 but trimming next year's outlook from a 0.5% projection made in early April.
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A growing number of Americans are falling behind on their credit card payments, pushing delinquency levels to their highest point since the years following the Great Recession and raising concerns about financial stress among a se...
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INDIAN CORPORATE
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To cut mounting losses in the backdrop of several headwinds, the Tata Group-run Air India is looking to defer aircraft deliveries, cut flights and postpone expansion plans. According to a Bloomberg report citing sources, Air India...
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Tata AIG General Insurance reported a net profit of Rs 1,008 crore for FY26 despite facing the largest claim in Indian aviation history last year. The company's books were protected due to its conservative policy of reinsuring the...
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Air India is looking to defer aircraft deliveries, cut flights and postpone expansion plans after majority owner Tata Group instructed the carrier to focus on reducing its record losses, according to people familiar with the matte...
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Tata Sons' board met on Friday to approve the company's financial results for the year ended March 31, 2026, recommending a dividend to equity shareholders, even as it kept chairman N Chandrasekaran's reappointment off the agenda ...
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COMMERCIAL LAW
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India's total outward foreign direct investment commitments declined 49.02 per cent month-on-month to USD 4.49 billion in May 2026 from USD 8.84 billion, mainly due to lower equity investments, loans, and guarantees issued by Indi...
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