INDIAN ECONOMY
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The government has kicked off the retirement of the Wholesale Price Index (WPI), rolling out India's first set of Producer Price Index (PPI) data on June 15 and setting a five-year transition period before WPI is discontinued, according to a press release issued by the Ministry of Commerce and Industry.
Th...
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India's GDP growth in 2026/27 faces key downside risks from a widening war in the Middle East that is driving up oil prices and a monsoon weakened by the El Nino weather effect, an International Monetary Fund official said.
Asia's third-largest economy imports almost 80% of its oil needs, making it vulnera...
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With the rain-fed monsoon core zone of central India getting adequate rainfall in the first fortnight of this month, sowing of key kharif crops — rice, pulses, oilseeds and cotton — has picked up pace.
Overall sown area, so far, is at 65.81 million hectare (Mha), a 6% year-on-year decline. Until a week ago...
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The Centre’s interest-free capex loans to states reached Rs 44,544 crore till July 15 of the current financial year, nearly 50% more than in the year-ago period, latest data showed.
Under the FY27 capex loan scheme, the Centre has budgeted Rs 2 lakh crore for states. The funds will support infrastructure s...
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India paid an additional Rs 2.02 lakh crore for crude oil imports in April-June quarter of the current fiscal year despite import volumes declining by 4.5%, as the West Asia war pushed up international prices.
The country’s crude import bill jumped about 77% to Rs 4.64 lakh crore during April-June FY27, fr...
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MARKET & FINANCE
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According to BofA Global Research's latest weekly fund-flow tracker, global emerging-market equity funds attracted $25 billion in the week to July 15 - the largest weekly inflow since April 2025. It formed part of a broader risk-on week: global equity funds took in $55.8 billion overall, bonds added $20 billi...
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GLOBAL CORPORATE
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China is building more large-scale wind and solar than the rest of the world combined, but inadequate transmission links and a continued reliance on coal-fired power are limiting its use, according to a report published on Tuesday.
Wind and solar make up around 20% of the power sent through China's ultra-h...
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The Trump administration on Monday announced a fresh 50% tariff on certain goods imported from Canada. According to the White House, the move comes in response to what it called Canada’s “discriminatory treatment” of American cars, alcohol and dairy products.
US President Donald Trump signed three proclam...
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Chipmakers are in focus on Wall Street, with their shares turning mercurial this month and investors banking on a few dozen newly valuable companies to deliver nearly half of S&P 500 profit growth for the second quarter.
The PHLX Semiconductor index has surged this year, reflecting massive gains at firms s...
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Mexican sales of Chinese-brand vehicles jumped nearly 30% in the first six months of the year despite steep tariffs imposed in January that were intended to slow the rise of Asian imports, according to a sales report obtained by Reuters.
The undated report from the Mexican Association of Automobile Distrib...
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A federal judge in San Francisco on Monday signed off on artificial intelligence company Anthropic's landmark $1.5 billion settlement of a class action lawsuit brought by a group of authors who accused it of misusing their books to train its AI chatbot Claude.
U.S. District Judge Araceli Martinez-Olguin gr...
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The US tariff policy has been "wildly successful," and the Trump administration was planning such measures to replace those overturned by the Supreme Court, US Trade Representative Jamieson Greer said.
Greer, in an interview with The New York Times, said the Trump administration had changed the US trade po...
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Banking
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Top Indian banks have reported margin pressure in Q1FY27. However, analysts continue to be positive on the sector as strong loan growth continues. Among the four lenders, ICICI Bank stood out compared to HDFC Bank, Axis Bank and Kotak Mahindra with resilient margins and strong earnings according to JM Financi...
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GLOBAL ECONOMY
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German producer prices rose less than expected in June, rising by 1.8% on the year, the federal statistics office reported on Monday.
Analysts polled by Reuters had expected a 1.9% increase....
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China's surveyed urban unemployment rate for youths in June dropped to the lowest level in 12 months, data released by the National Bureau of Statistics showed on Monday....
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Canada's annual inflation rate cooled more than expected to 2.8% in June, data showed on Monday, as gasoline costs fell sharply after the U.S. and Iran signed their memorandum of understanding to end the war....
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Mexico's economy will grow more slowly this year and next than previously forecast as concerns over trade rules with the United States continue to erode investment, a Reuters poll of economists found....
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Britain's new prime minister, Andy Burnham, said on Monday he would never take risks with the economy, re-committing to a pledge to stick to the previous government's fiscal rules....
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New Zealand's annual inflation accelerated in the second quarter to a 2-1/2-year high, reinforcing expectations the central bank will raise the cash rate when it next meets in September....
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South Korea's economy likely grew at a much slower pace in the second quarter compared to the first three months of the year, as robust export growth was offset by weakening domestic demand, a Reuters poll of economists showed....
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Japanese Prime Minister Sanae Takaichi vowed to boost investment in growth areas in her first economic blueprint finalised on Tuesday, a pledge overshadowed by rising bond yields reflecting concerns that the government could meddl...
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US inflation data was tamer than expected in June, which led investors to lower bets on a Federal Reserve interest-rate increase later this month. Meanwhile, the Chinese economy slowed more than expected in the second quarter, put...
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INDIAN CORPORATE
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Profit and revenue jump: Net profit rose 79% YoY to Rs 220 crore, while revenue climbed 28% to Rs 2,448 crore, supported by payments and financial services growth.
Record operating margin: EBITDA surged 182% to Rs 203 crore wit...
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Bajaj Auto Ltd on Tuesday reported a strong set of consolidated earnings for the fiscal first quarter, with net profit and revenue registering sharp year-on-year growth. The two-wheeler and three-wheeler maker posted a consolidate...
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Volkswagen AG is in advanced discussions with India’s JSW Group, said people familiar with the matter, as the German automaker seeks an ally to infuse fresh capital and bolster its local unit in the world’s third-largest auto mark...
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A Gulf-based airline has conducted preliminary due diligence to evaluate a potential acquisition of troubled carrier, SpiceJet, according to people familiar with the matter.
The exercise, carried out through an advisory firm a ...
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The country’s largest cement maker, UltraTech Cement, on Monday reported better-than-expected June quarter (Q1FY26) numbers as demand remained resilient from user industries such as infrastructure, housing and real estate. The ear...
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Singapore Airlines has indicated its willingness to infuse fresh funds into Air India despite a steady string of losses. The Indian carrier posted a record annual loss of Rs 22,000 crore in FY26 — prompting bailout discussions bet...
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GST
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The Central Board of Indirect Taxes and Customs (CBIC) is thinking about letting businesses with branches in different states deal with a single central GST authority for audits and compliance instead of multiple tax offices.
An expert panel, led by Chief Commissioner Vinayak Chandra Gupta, will figure out...
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