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INDIAN ECONOMY
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At a time when India and the US are negotiating the proposed Bilateral Trade Agreement (BTA), Commerce and Industry Minister Piyush Goyal on Wednesday proposed creating dedicated plug-and-play industrial parks for US companies looking to invest in India.
US Ambassador to India Sergio Gor also said the two ...
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Defying expectations, India's private sector announced fresh investment projects worth Rs 15.4 lakh core in April-June quarter (Q1), a 97% jump compared to corresponding quarter of the previous financial year, latest CMIE data showed. This improvement in confidence was led by fresh investments in the electric...
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India's strong economic growth is prompting global investors to reassess the country's prospects, with greater regulatory opening needed to attract more foreign direct investment, including capital market flows, Atul Keshap, President of the US-India Business Council at the US Chamber of Commerce, said.
Spea...
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Russia and India, the second-largest importer of Russian oil, have built a functioning payments infrastructure using roubles and rupees, which account for 96% of bilateral trade, a senior Russian banker said on Wednesday.
Russia's trade with India reached a record $70 billion in 2024, tripling since the st...
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India will announce the final details of its trade deal with the United States as soon as Washington is able to give New Delhi a tariff advantage over competing economies, Commerce and Industry Minister Piyush Goyal said on Thursday.
Speaking at a workshop on leveraging free trade agreements (FTAs), Goyal sa...
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India's dominant services sector accelerated slightly in August but persistently subdued new business kept overall activity near its weakest in more than four years, a survey showed, though firms ramped up hiring at the fastest pace in over a year. HSBC's India Services Purchasing Managers' Index (PMI), compi...
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The job market has shown early signs of revival in August with the foundit hiring index rising 5% month-on-month last month after falling for five consecutive months. Despite the latest rebound, the index is still 18% below its February peak.
Travel and Tourism Soar
The biggest trend is the widening gap b...
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India’s crude imports from Russia plunged 26.3% month-on-month to 2.08 million barrels per day (bpd) in August, from a historic high of 2.82 million bpd in July, as lower Russian seaborne exports, stronger Chinese competition and higher risks around Black Sea shipments reduced the availability of barrels for ...
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India’s latest Q1 gross domestic product (GDP) number at 7.8% has triggered a debate that goes beyond the headline growth rate. Responding to some of the recent chatter on whether the new GDP base year is making the economy look stronger than it is, Neelkanth Mishra, Executive Director at the World Bank for I...
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MARKET & FINANCE
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Bharti Airtel’s mobile average revenue per user (Arpu) could rise to Rs 325 by FY29 as it seeks to extract more value from its existing customer base through premiumisation, higher data usage and a sharper pricing strategy, analysts said.
Brokerage HSBC expects Airtel’s mobile Arpu to rise from Rs 264 at t...
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Reliance Retail’s push to build a large digital customer base is running into a more difficult challenge: turning its reach and distribution muscle into regular user habits.
Two of the three Reliance consumer apps tracked by CLSA — JioMart and Ajio — have lost weekly active users this year, even as their m...
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The Maharashtra Charity Commissioner has dismissed a complaint seeking an inquiry into the transfer of 833 shares of Tata Sons Private Limited from Navajbai Ratan Tata Trust (NRTT) to Naval H. Tata in 1989, saying no further inquiry into the transaction is warranted.
The order, dated September 2, 2026, dis...
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SpiceJet has finalised lease agreements with three aircraft operators to induct 20 aircraft that include 15 Boeing and five Airbus models under damp and wet lease arrangements. The aircraft are expected to join the fleet in phases between mid-October and mid-November, ahead of the winter travel peak beginning...
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Uber Technologies is cutting about 10% of its global workforce i.e. roughly 3,300 jobs. The step is being taken as the ride-hailing company moves to reduce management layers, consolidate teams and free up resources for future investments, including autonomous mobility.
Chief Executive Dara Khosrowshahi ann...
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GLOBAL CORPORATE
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eading global technology companies OpenAI, Anthropic, and Google on Wednesday announced new AI models, offering new capabilities but also sparking safety concerns. OpenAI announced Astra, the first AI model to reach the 'Critical' cybersecurity capability tier under its Preparedness Framework, sparking a deba...
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Revenue from Taiwan's semiconductor chip sector is expected to soar 40 per cent this year, a top industry official said Wednesday, driven by skyrocketing demand for artificial intelligence technology....
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Oil giant Chevron is confirming that it will expand its operations in Venezuela, just days after President Donald Trump announced an ambitious deal to develop the nation’s oil reserves and give the Pentagon a stake in the profits....
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Iraq boosted its oil exports in August, with September shipments also set to climb, as wide profits and Iranian approval for its tankers to pass through the Strait of Hormuz have encouraged buyers, according to industry sources and shipping data....
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New US tariffs of up to 100 percent took effect Thursday on drones and certain components, as Washington pushes to lower its import reliance in an industry that China dominates....
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Banking
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Indian banks have collected FCNR(B) deposits worth $127 billion under the RBI’s Swap Facility, which closed earlier than originally planned, on August 31.
As reported by Authorised Dealer Banks as of August 31, 2026, forex inflows under the facility totaled $1,36,377 million ($136 billion). Of this, FCNR(B...
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Banking system liquidity surged to a four-year high of Rs 7.7 lakh crore on Tuesday, driven largely by foreign currency inflows through FCNR(B) deposits, prompting the Reserve Bank of India (RBI) to step up liquidity absorption operations.
System liquidity averaged Rs 3.67 lakh crore in August, more than t...
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GLOBAL ECONOMY
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U.S. private payrolls increased less than expected in August as strength in the education and health services sector was offset by job losses in manufacturing and a few other industries....
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