INDIAN ECONOMY
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Macroeconomic fundamentals of the Indian economy remain strong, supported by robust domestic demand, healthy corporate balance sheets and sustained fiscal discipline amid global challenges, Union Minister Pankaj Chaudhary told Parliament on Tuesday.
Further, according to the RBI's Financial Stability Repo...
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Infrastructure projects worth above Rs 150 crore each registered a cumulative cost overrun of around Rs 4,92,752 crore, according to a monthly government report for June 2026.
A total of 1,847 ongoing infrastructure projects across 17 Central Ministries/ Departments were monitored and it was found that the...
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Pithoragarh, India-China border trade via Uttarakhand's Lipulekh Pass is set to resume on August 1 after a gap of more than six years, with the neighbouring country granting permission to 20 Indian traders to visit Purang (Taklakot), according to officials.
For the first phase, the Chinese administration i...
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Vessel traffic through the Bab el-Mandeb Strait rose to 28 on Monday, a four-day high, but remained well below the July 14 peak of 46, keeping India exposed to higher freight, insurance and delivery costs as Houthi threats put Saudi Arabia’s alternative oil-export corridor at risk.
Saudi Arabia’s East-West...
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India’s industrial output, as measured by the Index of Industrial Production (IIP), grew at the quickest pace in nearly two years in June on the back of a broad-based improvement in industrial activity, data released by the Ministry of Statistics and Programme Implementation on Tuesday showed.
IIP growth r...
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India’s cities will require an estimated $2.4 trillion in investments by 2050 to become climate-resilient and low-carbon, but municipal corporations have mobilised only a fraction of the required capital, news ageny ANI reported on Tuesday quoting a joint report by the Federation of Indian Chambers of Commerc...
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Despite the supply disruption from the West Asia crisis, fertiliser companies have sold close to 17 million tonne (MT) of urea, di-ammonium phosphate (DAP), muriate of potash, and NPK variants of soil nutrients to farmers halfway through the current Kharif season. This is against a requirement of 38 MT for th...
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MARKET & FINANCE
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Indian government bonds ended flat on Tuesday after the previous session's sharp rally, as a hefty supply of 10-year notes later this week and the looming Federal Reserve policy decision kept risk appetite in check.
The benchmark 6.94% 2036 bond yield erased its early fall to end at 6.7774%. It settled at ...
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ACME Solar Holdings has secured long-term project financing of Rs 3,404.57 crore from Power Finance Corporation (PFC) for its 250 MW Firm and Dispatchable Renewable Energy (FDRE) project. The FDRE project is being developed through its subsidiary, ACME Urja One (Phase III).
Power Finance Corporation will a...
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Adani Ports and Special Economic Zone Ltd (APSEZ) reported a 10 percent year-on-year rise in consolidated net profit for the first quarter of FY27, supported by strong growth in revenue and operating profit across its domestic and international businesses. Consolidated net profit for the April-June quarter ro...
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GLOBAL CORPORATE
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UBS Group on Wednesday reported a net profit attributable to shareholders of $2.8 billion in the second quarter, which compares with an average estimate of $2.39 billion in a company-provided poll of analysts....
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A look at the day ahead in European and global markets from Ankur Banerjee
Blockbuster earnings from chipmaker SK Hynix did little to quell investor fear about AI risk as a rout in chip stocks deepened, setting the stage for results from Big Tech firms this week.
SK Hynix's April-June operating profit s...
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The American Petroleum Institute opposes tolls or transit fees for vessels crossing the Strait of Hormuz, the top U.S. oil industry trade group's chief executive Mike Sommers told Reuters in an interview on Tuesday.
Reuters reported that Oman has presented Iran with a plan backed by Gulf states to manage t...
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The U.S. government should not block Chinese models to gain an edge in the AI race, Meta Platforms CEO Mark Zuckerberg told the Financial Times in an interview published on Tuesday, as Washington warns that Chinese companies could face penalties over the alleged theft of U.S. technology.
Zuckerberg said th...
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China's market regulator will meet with solar industry representatives on Friday to provide guidance on pricing compliance and the implementation of industry cost-accounting standards, local media outlet Cailianshe reported on Wednesday.
The meeting is aimed at curbing what authorities describe as irration...
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Ford Motor on Tuesday raised its annual profit outlook for a second time this year, following rival GM's move last week, citing "resilient" customers who are buying the company's pricey pickup trucks.
Ford's shares were up 5.4% in after-hours trading after closing the regular session at $14.96, up 1.9%....
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Banking
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Canara Bank’s new MD & CEO, Brajesh Kumar Singh, says raising low-cost resources is his top priority. Singh tells Manju AB that the bank is shedding bulk deposits and focusing on retail and term deposits to improve its net interest margins (NIMs). Excerpts:
Since it has been less than two months since you ...
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GLOBAL ECONOMY
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The prospect of persistently high inflation in the global economy is rising, according to a Reuters poll of nearly 500 economists who mostly raised inflation forecasts and cut growth views as the war in the Middle East entered its...
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The U.S. trade deficit in goods narrowed in June amid a broad decline in imports, but the improvement was probably insufficient to prevent trade from again subtracting from economic growth in the second quarter....
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Brazil's 12-month inflation rate undershot forecasts and moved closer to the central bank's target range in its mid-July reading, official data showed on Tuesday, paving the way for a fourth consecutive interest rate cut next week...
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U.S. consumer confidence ebbed in July and households' perceptions of the labor market remained generally weak, a survey showed on Tuesday....
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Australian consumer prices rose at a slower pace in the June quarter as fuel costs eased from peaks, while core inflation undershot forecasts and lessened pressure for a further hike in interest rates....
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The US goods trade deficit narrowed in June as imports declined more sharply than exports, though economists expect trade to remain a drag on second-quarter economic growth....
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INDIAN CORPORATE
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Coca-Cola lost value share in India's non-alcoholic ready-to-drink (NARTD) beverage market during the June quarter, dragging on its broader Asia Pacific segment even as the company posted strong headline growth globally, according...
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Adani Ports and Special Economic Zone (APSEZ) is evaluating a potential bid for Associated British Ports (ABP), the United Kingdom's largest port operator, as the Gautam Adani-led group looks to expand its international footprint,...
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The High Court of Delhi has ordered that Paytm Payments Bank Limited (PPBL) be wound up, the Reserve Bank said on Tuesday.
RBI's Initial Action and Rationale
In April this year, the Reserve Bank of India (RBI) had cancelled th...
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Net profit of India's public-sector banks (PSBs) nearly trebled over the past five years to a record Rs 1.98 trillion in 2025-26 (FY26), driven by a sharp improvement in asset quality and sustained lending growth across key sector...
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State-owned engineering major Bharat Heavy Electricals Ltd (BHEL) has bagged an order from Nigeria's Dangote Petroleum Refinery and Petrochemicals Free Zone Enterprise for the supply and commissioning supervision of eight gas turb...
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The country’s largest consumer goods company, Hindustan Unilever (HUL), on Tuesday reported a 3% year-on-year decline in consolidated net profit to Rs 2,673 crore for the June quarter (Q1FY27), impacted by a one-off tax credit in ...
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Jaguar Land Rover (JLR) India reported an 11% year-on-year rise in retail sales to a record 1,665 units in the first quarter of FY27, driven by sustained demand for its flagship Range Rover and Defender models. Wholesale dispatche...
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State-owned Coal India Ltd‘s capital expenditure rose 16.64% year-on-year to Rs 3,399 crore in the first quarter of FY27, exceeding its quarterly target as the state-owned miner stepped up spending on land acquisition, mining equi...
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Larsen & Toubro (L&T) on Tuesday reported a better-than-expected performance for the April-June quarter, with consolidated net profit rising 14% year-on-year to Rs 4,123 crore, driven by healthy execution and strong order inflows ...
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Adani Group’s cement and building materials arm, Ambuja Cements, reported a 33.6% year-on-year (y-o-y) dip in net profit attributable to owners for the first quarter of FY27, due to declining revenues. Profit attributable to owner...
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COMMERCIAL LAW
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The government is considering a proposal to ease foreign direct investment (FDI) norms for downstream investments to boost overseas fund inflows and create jobs, sources said.
The proposal is currently under inter-ministerial d...
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GST
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he number of and amount involved in fake input tax credit (ITC) cases detected by the government under the Goods and Services Tax (GST) have seen sharp spikes over the last two years, data shared by the finance ministry on Tuesday showed. This rise, according to experts, shows not only higher tax evasion but ...
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