INDIAN ECONOMY
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India has a strong foundation for economic growth and is expected to maintain robust growth momentum in the coming years despite global uncertainties, said Paul Procee, Operations Manager and Acting Country Director for India at the World Bank. Spea...
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The Indian economy is facing headwinds from external sectors with rising fuel and fertiliser import bills due to West Asia crisis, but GDP growth momentum remains intact with domestic consumption holding up, government sources said on Tuesday.
Sources said the FY27 Budget had taken into cognisance the unce...
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India's exports have witnessed consistent growth in recent years, driven by supportive government policies, improved digital infrastructure, better logistics and trade reforms, a senior commerce ministry official said on Tuesday.
Speaking at a regional media interaction organised by the Apparel Export Prom...
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The government plans to push ahead with reforms, including further measures to boost foreign investment, speeding up divestment and asset monetisation, as it seeks to preserve India's growth momentum in the face of rising fuel and fertiliser import costs triggered by the West Asia crisis, government sources s...
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The Centre has already mobilised close to Rs 20,000 crore through stake sales and asset monetisation in the first two months of the current financial year, as it looks to shore up revenues amid growing concerns over the fiscal impact of the conflict in West Asia, according to a TOI report.
The amount raise...
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Although the southwest monsoon is advancing up the west coast and interior peninsula, the prospect of El Niño-induced below-normal rainfall doesn’t augur well for the countryside and economy. The uneven spatial and temporal spread of rains will hit cultivation of kharif crops like paddy, coarse cereals, pulse...
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Even as the country is said to witness a “balance of payments stress test” in the current fiscal year due to rising energy import bill, subdued exports and an unusually weak capital account, data revealed by the Reserve Bank of India (RBI) on Monday showed a surprise current account surplus in the fourth quar...
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India’s economic growth is expected to moderate in FY27 after accelerating to 7.7% in FY26. According to economists at Elara Capital, the improvement in FY26 was a cyclical recovery in demand rather than a structural shift in the economy. Motilal Oswal expect the FY27 growth to slow to 6.5% broadly in line wi...
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Fitch Ratings has lowered its GDP growth projections for India amid the US-Israeli war against Iran. The credit rating agency estimates that the ongoing conflict will slow the economy in the September and December quarters. Fitch also projected 6.4% growth in the current fiscal — down from an earlier estimate...
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The central government has announced to provide financial support of about Rs 1.23 lakh crore to oil marketing companies to cushion losses triggered by the West Asia conflict and shield consumers from a sharper rise in fuel prices. However, no proposal has been made to curb capital outflow, PTI reported, quot...
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Despite mounting pressure from surging global commodity prices that could nearly double the Centre’s fertiliser subsidy bill to Rs 3.4 lakh crore and necessitate support of Rs 1.23 lakh crore for oil marketing companies, the government remains firmly in control of the fiscal situation and sees little risk to ...
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MARKET & FINANCE
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Net inflows into equity mutual funds dropped sharply by 40.4% month-on-month in May 2026, reflecting a more cautious investor mood amid heightened market volatility, geopolitical tensions, inflation worries, and pressure on the rupee, according to the latest AMFI monthly data of May 2026.
According to AMF...
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India's decision to exempt foreigners from taxes on government bonds and broaden access to the debt market is expected to make the country more attractive to overseas investors, catalyse fresh inflows and strengthen its case for inclusion in global indexes.
On Friday, policymakers unveiled a wide-ranging s...
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Foreign investors have purchased nearly 10,000 crore of Indian bonds over the past four trading sessions following the government’s decision to fully exempt taxes on gains from eligible debt investments and the central bank decision to expand the investable universe, data published by CCIL showed. Bond yields...
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The share of early stage delinquency in microfinance loans rose in April while the sector's overall credit risk eased, data from CRIF high Mark showed.
The portfolio at risk (PAR) for the 1-30 day bucket inched up to 0.8% in April from 0.6% a month prior while the ratio for 1-180 days was recorded at 2.5% ...
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A barrage of shares is heading toward investors in India, signalling a pickup in dealmaking at the end of a subdued first half of 2026.
About a dozen companies are expected to collectively raise more than 600 billion rupees ($6.3 billion) across initial public offerings, institutional placements and govern...
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GLOBAL CORPORATE
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The closure of the Strait of Hormuz has removed more than 80 million tonnes per annum (mtpa) of LNG from global markets — equivalent to nearly one-fifth of worldwide supply — creating conditions for a fresh wave of multi-billion-dollar LNG investments outside the Middle East even as energy buyers grapple with...
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Beijing: China's domestic car demand has declined more sharply than expected at the start of the year and will likely remain under heavy pressure throughout 2026, an auto association executive said on Wednesday.
"Stabilizing domestic demand this year should be regarded as a very important task for the auto...
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The world's largest chipmaker has told the BBC that inflation is pushing up the cost of doing business, and did not rule out price rises.
Taiwan Semiconductor Manufacturing Company (TSMC) makes the most advanced chips designed by companies such as Nvidia, AMD and Apple, so any increase in pricing could rip...
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South Korea's cabinet approved on Tuesday a presidential decree as part of the process to allow $350 billion of strategic investments in the United States to proceed under a trade deal struck between the countries last year.
The decree specified some terms and conditions in the investment plan, including ...
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China is preparing to spend around 2 trillion yuan ($295.43 billion) over the next five years on building data centers across the country, Bloomberg News reported on Tuesday, as Beijing looks to challenge the U.S. in the intensifying AI race.
National Development and Reform Commission is among key governme...
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Apollo and Blackstone are financing a $35 billion expansion of AI computing capacity for Anthropic using Broadcom's custom chips and networking solutions as part of a tie-up between the asset managers and the chipmaker.
The initial commitment will expand the Claude Code creator's AI computing capacity by o...
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Wang Chuanfu, chairman of BYD, on Tuesday said he expected the Chinese firm to become the world's largest automaker within five years, as he sought to reassure investors following a steep decline in the company's share price.
BYD, which ranked sixth globally in 2025 with 4.6 million vehicles sold, has stru...
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Beijing: China's domestic car demand has declined more sharply than expected at the start of the year and will likely remain under heavy pressure throughout 2026, an auto association executive said on Wednesday.
"Stabilizing domestic demand this year should be regarded as a very important task for the auto...
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The closure of the Strait of Hormuz has removed more than 80 million tonnes per annum (mtpa) of LNG from global markets — equivalent to nearly one-fifth of worldwide supply — creating conditions for a fresh wave of multi-billion-dollar LNG investments outside the Middle East even as energy buyers grapple with...
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Banking
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The banking sector expects to attract around $40–50 billion through Foreign Currency Non-Resident (Bank) [FCNR(B)] deposits after the Reserve Bank of India’s measures announced last week to boost foreign currency inflows.
According to an SBI Research Ecowrap report, fresh FCNR(B) inflows could reach $40–45...
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GLOBAL ECONOMY
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German industrial production rose less than expected in April and economists said the outlook for Europe's largest economy remains weak, despite an unexpected increase in exports.
Industrial production rose by 0.4% in April com...
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U.S. small-business sentiment fell in May and the share of owners planning to raise prices over the next three months increased to the highest level in nearly four years, suggesting inflation could remain elevated for a while.
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Japan's wholesale inflation accelerated in May at the fastest pace in three years as price pressures from the Middle East war broadened, adding to the case for further interest rate hikes by the central bank.
The Bank of Japan ...
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U.S. consumer inflation likely increased at its fastest pace in three years in May as the Middle East conflict raised prices of energy products, which would provide more ammunition for the Federal Reserve to keep interest rates un...
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Norway's annual core inflation rate rose unexpectedly in May, Statistics Norway (SSB) data showed on Wednesday, supporting expectations interest rates could increase further this year.
Core inflation, which strips out changing ...
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The US trade deficit shrank slightly in April, government data showed Tuesday, bolstered by energy exports on a supply crunch following war in the Middle East.
The overall trade gap narrowed 1.2 percent to $55.9 billion, said t...
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China's exports picked up pace in May, rising 19.4% from a year earlier, its customs agency said Tuesday, as technology-related shipments remained robust despite impacts from the Iran war.
The stronger than expected performance...
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China's producer prices rose for a third straight month in May to the highest since July 2022, while consumer prices stayed elevated as global energy prices piled cost pressures on manufacturers and drove up costs of living for ho...
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INDIAN CORPORATE
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Wanting to do something for the community is nothing new at Larsen & Toubro (L&T). Santosh Kumar Singh, its Chief Sustainability Officer, says the company’s first community health centre was set up in 1967. The number has grown to...
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Jio BlackRock Asset Management plans to launch its first exchange-traded funds in India by August, seeking to replicate BlackRock's global success in passive investing in a market where ETFs are still nascent.
The joint venture...
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Tata Consumer Products crossed the Rs 20,000 crore revenue milestone in FY26, the company said at its 63rd Annual General Meeting, reporting consolidated revenue of Rs 20,290 crore, a 15% increase over the previous year. Net profi...
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Vodafone Idea has secured a major legal victory. Bombay High Court quashed demand notices issued by the Department of Telecommunications (DoT) seeking one-time spectrum charges (OTSC) worth Rs 2,113 crore.
Vodafone Idea in its ...
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Grasim Industries, the Aditya Birla Group flagship, has announced a second phase of investment in lyocell manufacturing at its Harihar facility in Karnataka, committing Rs 3,094 crore to add 110,000 tonnes per annum of new capacit...
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Tata Consultancy Services (TCS), India’s largest IT services company, has indicated that it will no longer hire employees at the scale it once did as artificial intelligence increasingly takes over portions of work traditionally h...
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Mukesh Ambani-led Reliance Industries announced a partnership with Meta Platforms for an AI-enabled data centre in Jamnagar, Gujarat. This marks Meta’s first built-to-suit data centre project in India.
Under the agreement, Re...
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GST
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The Central Board of Indirect Taxes and Customs (CBIC) is drafting rules to operationalise Section 11A of the CGST Act, a provision that allows the government, on the GST Council's recommendation, to waive tax dues for an industry in exceptional cases, according to two government sources familiar with the mat...
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