INDIAN ECONOMY
|
|
|
Finance Minister Nirmala Sitharaman on Tuesday said the Indian economy is poised to cross the USD 5-trillion mark in FY29 as per the International Monetary Fund (IMF) prediction. The government has adopted a broad-based growth strategy to achieve the milestone, she said in the Rajya Sabha.
As per the World...
Read More
|
|
The country's exports from special economic zones (SEZs) rose by 11.8 per cent year-on-year to Rs 16,36,192 crore (USD 185.28 billion) in 2025-26, Parliament was informed on Tuesday.
The exports from these zones in 2024-25 were Rs 14,63,669 crore (USD 173.07 billion), according to the data provided by Minist...
Read More
|
|
Household savings as a share of GDP have risen from 20 per cent in FY23 to 21.7 per cent in 2024-25, and both the government and the RBI have undertaken measures to enhance incomes, Parliament was informed on Tuesday.
"According to the new series of GDP estimates (Base Year 2022-23) released by the Ministr...
Read More
|
|
India's private consumption is projected to touch nearly $1.9 trillion by 2030, driven by rising disposable incomes, rapid urbanisation, a growing middle class, deeper internet penetration and a robust digital payments ecosystem, according to a report by FICCI and Deloitte.
The report, 'Consumer Trends: IG...
Read More
|
|
The central government’s flagship PM Surya Ghar: Muft Bijli Yojana has crossed a major milestone, with more than 50.06 lakh households now equipped with rooftop solar systems across the country. This marks one of the fastest expansions of distributed renewable energy globally, the Ministry of New and Renewabl...
Read More
|
|
The India-UK Comprehensive Economic and Trade Agreement (CETA) could unlock an additional $1 billion of export opportunity for the domestic textile industry, according to a report by India Ratings and Research.
By eliminating the earlier 12% tariff on Indian textile sector, the agreement is expected to bo...
Read More
|
|
State governments controlled their spending in the first quarter of FY27 despite weak revenue growth. But they are still likely to overshoot the aggregate fiscal deficit target of 3.1% of GDP for the year by 20 basis points due to weaker revenues amid a focus on capital expenditure, Emkay Global Financial Ser...
Read More
|
|
|
MARKET & FINANCE
|
|
|
In 1991-92, when Dhirubhai Ambani became India’s first self-made dollar billionaire, he was nearly 60. The journey involved decades of licence-raj navigation and running textile mills and refineries.
Eight years later, Azim Premji joined the club when Wipro’s IT valuation exploded during the dot-com boom. ...
Read More
|
|
The share of Foreign Institutional Investors (FIIs) of private sector companies in companies listed on the National Stock Exchange (NSE) has further declined to a 14-year low of 15.88 per cent as on June 30, 2026 (from 16.12 per cent as on March 31, 2026), according to a report by PRIME Database Group. The de...
Read More
|
|
Treasuries rose on Tuesday as signs of progress toward a diplomatic resolution of the Iran war sent oil prices lower, curbing expectations for more than one Federal Reserve interest-rate hike in the coming year.
Yields fell across maturities by four to six basis points, with the yield on the two-year note ...
Read More
|
|
Market participants are closely watching foreign portfolio investor (FPI) activity in fully accessible route (FAR) securities as some investors, who had bought into them in anticipation of their inclusion in the Bloomberg global bond gauge, are expected to lighten positions accumulated over the past two month...
Read More
|
|
With legislative changes introduced in Parliament, the Centre may reintroduce a merchant discount rate (MDR) of 0.25-0.35% on UPI transactions over Rs 2,000 for large merchants to compensate banks and payment service providers for rising operational costs and technology investments, sources said, citing ongoi...
Read More
|
|
|
GLOBAL CORPORATE
|
|
|
Samsung Electronics introduced a new generation of artificial intelligence memory technology on Tuesday, seeking to reinforce its chipmaking lead in the booming AI market.
The world's largest memory chip manufacturer chose this year's Future of Memory and Storage (FMS) conference in Santa Clara, California...
Read More
|
|
Tesla's China-made electric vehicle sales rose 37.8% in July from a year earlier, marking the ninth straight month of growth as the US automaker reports a mixed performance across its markets. Sales of Model 3 and Model Y vehicles from its Shanghai plant, including exports to Europe and other markets, totalle...
Read More
|
|
Big oil companies continue to book massive profits as fighting in Iran disrupts energy markets and sends oil and gasoline prices sharply higher.
Six of Europe's largest oil companies posted combined first-quarter profits of $22 billion, more than 40% higher than last year. Profits at BP, based in London, mor...
Read More
|
|
|
|
|
|
|
|
|
Banking
|
|
|
“Banking system liquidity has improved on the back of robust FCNR (B) inflows. With less intervention required by the RBI in the currency market, FCNR (B) flows are translating into more system liquidity. We expect liquidity conditions to strengthen further as inflows continue to rise,” said Alok Singh, treas...
Read More
|
|
|
|
|
|
|
|
|
|
|
|
|
GLOBAL ECONOMY
|
|
|
|
Canada's manufacturing sector expanded in July at the fastest pace in more than four years as rising domestic activity boosted production and new orders, but weak international demand raised doubt over the sustainability of the in...
Read More
|
|
New orders for U.S. factory goods unexpectedly fell in June, but demand elsewhere was solid as businesses continued to boost investment in artificial intelligence infrastructure....
Read More
|
|
New Zealand's jobless rate climbed to a decade-high in the June quarter as a sharp rise in the number of people looking for work outweighed gains in employment, a blow for the centre-right government months ahead of a general elec...
Read More
|
|
Federal Reserve Bank of Kansas City President Jeff Schmid said on Tuesday that some sort of monetary policy tightening is needed to get “too high” inflation back to the 2% target....
Read More
|
|
Japan's services sector expanded at a slower pace in July as demand weakened and firms grappled with intense cost pressures, leading to the hottest inflation in selling prices since April 2014, a private survey showed....
Read More
|
|
The U.S. trade deficit narrowed in June, but the trend is unlikely to be sustained amid strong domestic demand that is being satiated with imports....
Read More
|
|
The World Bank on Tuesday urged developing countries to embrace artificial intelligence, arguing that adapting small, low-cost AI tools to local needs could significantly improve access to healthcare, education, judicial services ...
Read More
|
|
Amid a perceived slowing of momentum in bilateral trade talks, Commerce and Industry Minister Piyush Goyal is likely to travel to the US next month to participate in the G-20 Trade Ministerial Meeting, scheduled to take place in M...
Read More
|
|
|
INDIAN CORPORATE
|
|
|
Bharti Airtel on Tuesday reported an 11.2% sequential rise in consolidated net profit for the April-June quarter, although earnings missed Bloomberg estimates, while revenue and operating profit exceeded Street expectations on the...
Read More
|
|
Apple Inc. exceeded $10 billion in annual sales in India for the first time last fiscal year, underscoring surging demand for its pricey devices in a market where it’s steadily ramping up its retail network.
Revenue grew at dou...
Read More
|
|
FSN E-Commerce Ventures, which runs the Nykaa platform, reported a net profit of Rs 80 crore for the quarter ended June 30, 2026, as compared to Rs 24 crore in the same period last year, as both its beauty and fashion businesses p...
Read More
|
|
Packaged food major Nestle India cautioned on Tuesday that consumption would moderate in the coming months as the West Asia conflict, inflation, El Nino concerns and shipping disruptions pose risks to demand, costs and supply chai...
Read More
|
|
State-owned Oil And Natural Gas Corporation‘s standalone net profit more than doubled to Rs 17,033.81 crore in the June quarter, supported by sharply higher crude oil and gas realisations.
Net profit rose 112.3% from Rs 8,024.2...
Read More
|
|
|
|
|
|
|
|
|
|
|
|
|
|