INDIAN ECONOMY
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India's dependence on imported primary energy has declined to around 42% in FY25 from 47% in FY17, driven largely by lower coal imports due to higher domestic production. However, crude oil imports continue to meet nearly 90% of domestic demand, underlining the country's continued reliance on imported oil, ac...
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Indian executives looking to travel to China on business trips are finding it increasingly harder to procure visas, with Beijing imposing stricter controls, impacting manufacturing operations in several sectors. Chinese officials sanctioned only 20-40% of visa applications for several companies in the past fe...
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Indian households expect inflation to moderate in the near-term but see prices rising at a quicker pace a year ahead, according to a Reserve Bank of India (RBI) survey released on Wednesday.
“In the short-term, the proportion of respondents anticipating a rise in general prices and inflation has declined w...
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The Reserve Bank of India (RBI) may begin raising interest rates from December, according to a report by Morgan Stanley. Earlier the global brokerage was expecting the rate hike to begin from April 2027.
“We bring forward our expected rate hike cycle to December 2026 (from April 2027 previously), reflecti...
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The government should negotiate for complete exemption from any unexpected future tariff increases on India’s key exports to the US like generic medicines, critical minerals and smartphones in the proposed Bilateral Trade Agreement (BTA), the parliamentary standing committee on commerce said in a report on Th...
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The Reserve Bank of India (RBI) on Wednesday raised its GDP growth forecast for the April-June quarter by 40 basis points to 7%, saying that several indicators suggested the Indian economy performed better than expected in Q1. Barclays India Chief Economist Aastha Gudwani believes that growth in the first qua...
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India must focus on boosting investment, savings, and entrepreneurship while undertaking structural reforms to sustain long-term economic growth, Niti Aayog vice chairman Ashok Lahiri said on Thursday.
Addressing the NCAER’s India Policy Forum 2026, Lahiri stressed that economic growth depends on expanding...
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The white-collar job market has come under pressure in FY27 with hiring falling for the third straight month in July when recruitment activity recorded its sharpest decline of the financial year. According to the latest foundit Insights Tracker (fit), white-collar hiring dropped 12% year-on-year in July follo...
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MARKET & FINANCE
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Indian government bonds fell early on Friday, giving up part of the week's gains, as higher oil prices weighed on sentiment ahead of New Delhi's hefty debt sale.
Higher crude prices also pushed the U.S. 10-year Treasury yield up 7 basis points overnight and in Asian trade to 4.68%, reducing the appeal of r...
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The Reserve Bank of India's (RBI) Foreign Currency Non-Resident Bank (FCNR-B) deposit scheme has attracted stronger-than-expected inflows, with around USD 41 billion mobilised so far, and the total is expected to reach USD 80-100 billion by the time the scheme closes on September 30, according to a latest rep...
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Reserve Bank of India Governor Sanjay Malhotra and four deputy governors on Wednesday defended the central bank’s policy stance, saying the current rate was appropriate amid evolving growth-inflation dynamics. The RBI reiterated its focus on headline inflation, while saying the liquidity surplus could peak ar...
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India must not rewrite its UPI policies under US pressure, and it must defend competition, policy autonomy and the long-term sustainability of its payments ecosystem, think tank GTRI said on Thursday.
Lok Sabha on Thursday passed a bill to amend the Payment and Settlement Systems Act, 2007, which authorise...
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GLOBAL CORPORATE
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Microchip Technology forecast second-quarter revenue and profit above Wall Street estimates on Thursday, on strengthening demand for its chips used in AI data centers as well as the industrial, automotive and aerospace sectors....
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A proposed deal between Iran and Oman that would give Tehran control over ships entering the Gulf through the Strait of Hormuz is not easily workable due to U.S. sanctions and restrictive insurance clauses on any payments, four industry sources said. Until U.S.-Israeli airstrikes at the end of February unleas...
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Every justification for trade restrictions in 2026 must dress itself up in paranoia about Chinese industrial policy. If there’s one way to further entrench Beijing’s position in high-tech supply chains, however, it’s to give in to that protectionist urge.
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RBI
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The Reserve Bank of India (RBI) on Thursday proposed banning non-banking finance companies (NBFCs) from offering revolving credit products.
“NBFC shall only offer credit products which are in nature of term loans and shall not offer any revolving credit products,” the RBI said in the release.
A revolvin...
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Banking
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The Reserve Bank of India (RBI) guidelines on having a bank approved policy on recovery agents will now come into effect from January 1, 2027 giving banks and other regulated entities more time to modify systems, workflows and train recovery agents.
Entities newly brought under the mandatory certification...
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Custom
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Finance Minister Nirmala Sitharaman on Thursday said the government aims to complete customs tariff rationalisation by the 2027–28 Budget, with a reduction in the number of slabs to single digits.
“At present, only around 13 (slabs) remain. Ultimately, the number of tariff slabs will come down to single di...
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GLOBAL ECONOMY
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Canada's services economy contracted for a second straight month in July as economic uncertainty depressed market demand and business sentiment, S&P Global's Canada services PMI data showed on Thursday....
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Mexico's annual headline inflation likely slowed in July to its lowest level since May 2020, according to a Reuters poll, as lower food prices offset seasonal increases in tourism costs....
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Analysts lowered their 2026 economic growth forecast for Argentina while also lowering inflation expectations, a central bank survey showed on Thursday....
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Mexico's central bank held its benchmark interest rate at 6.50% on Thursday, extending a pause that began in June and pushing back the timeline for inflation to return to target, underscoring the challenge of taming price pressure...
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The Philippine economy grew 2.3% in the second quarter from a year earlier, the statistics agency said on Friday, slower than expected....
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U.S. job growth likely picked up in July, offering reassurance that the labor market remained resilient and allowing the Federal Reserve to maintain its focus on inflation....
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apan's economy is expected to have expanded for a third straight quarter in April-June, as solid domestic demand and a decline in imports offset headwinds from the Middle East conflict, a Reuters poll showed on Friday....
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German exports and industrial production rose more than expected in June, adding to signs that Europe's largest economy gained momentum in the second quarter....
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U.S. worker productivity grew faster than expected in the second quarter and further gains are likely as businesses invest in artificial intelligence, which is expected to keep wage inflation contained.
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President Donald Trump has been extolling his economic accomplishments on social media and at events like a rally at a Las Vegas resort Wednesday....
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INDIAN CORPORATE
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Larsen & Toubro (L&T) has secured a batch of offshore orders from the Oil & Natural Gas Corporation (ONGC), the company said in a stock exchange filing on Thursday.
The orders, classified as "Major" under L&T's internal order c...
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Life Insurance Corporation of India (LIC) on Thursday reported a 23% year-on-year rise in standalone net profit to 13,492 crore for the first quarter ended June 2026 (Q1FY27), driven by growth in group insurance premiums and inves...
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Infosys has signed a 10-year strategic agreement with global footwear company Crocs to help modernise its business and technology systems using artificial intelligence (AI).
Infosys said in its regulatory filing that it will us...
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Food delivery and quick commerce platform Swiggy on Thursday set out a five-year financial target of 10,000 crore in adjusted Ebitda by FY31, laying out a plan that requires its loss-making quick commerce arm Instamart to swing fr...
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Britannia Industries on Thursday reported a 13.6% year-on-year rise in consolidated net profit to Rs 591 crore for the June quarter (Q1) of FY27, helped by volume and price increases. However, the company missed street estimates o...
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A parliamentary panel has flagged several financial and planning lapses in Bharat Sanchar Nigam Limited‘s (BSNL) scheme to set up 25,000 Wi-Fi hotspots at rural telephone exchanges, saying the state-run telco lost Rs 1.15 crore in...
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The National Highways Authority of India (NHAI) has saved Rs 34,369 crore in interest payments by proactively bringing down its debt, Parliament was informed on Thursday.
The total debt of NHAI stood at Rs 2,02,276 crore at the...
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Hero MotoCorp on Thursday reported better-than-expected earnings for the June quarter, with standalone net profit rising 29% year-on-year as strong volume growth, higher realisations and sustained momentum across its premium, elec...
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