INDIAN ECONOMY
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The government has raised duties on diesel exports from Rs 21.50 to Rs 55.50 a litre and on aviation turbine fuel (ATF) from Rs 29.50 to Rs 42 a litre, mainly targeting private refiners who were making windfall gains through exports even as they rationed their sales in the unprofitable domestic market.
The...
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India's coal import dropped 8.5 per cent to 16.55 million tonnes in February on record stockpile of domestic coal and firmness in seaborne prices.
The country's coal import is poised to maintain a weak trend this month with domestic miners making efforts to liquidate stockpiles....
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India's palm oil imports in March dropped nearly 19% on-month and hit a three-month low after a rally in tropical oil prices, in line with energy markets, prompted refiners to hold back purchases, a trade body said on Monday.
Lower imports could deplete stocks and support local oilseed prices, but may forc...
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India is widening its mineral strategy to tap red mud, tailings and fly ash while pursuing technology collaboration with Russia, as it looks to unlock new sources of critical minerals and reduce import dependence.
Speaking to reporters, Mines Secretary Piyush Goyal said efforts are underway to extract mine...
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The India-UK free trade agreement, signed in July last year, is likely to come into force from the second week of May, according to an official.
India and the UK, on July 24, 2025, signed the Comprehensive Economic and Trade Agreement (CETA), under which 99 per cent of Indian exports will enter the British...
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Construction on the 1,200 MW Punatsangchhu-I hydropower project in Bhutan has resumed after nearly seven years, with the start of dam concrete work marking a major milestone in reviving one of India’s largest cross-border energy projects.
The restart was formalised during a concrete pouring ceremony attend...
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Several countries including Egypt, Indonesia, Myanmar and Bangladesh have envisaged interest in importing wheat after India lifted nearly four-year old ban on wheat exports.
The Directorate General of Foreign Trade is likely to allocate wheat exports quota soon, sources said....
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Patent filing in India went up by 30.2% on year in 2025-26 to 1.43 lakh with domestic filings accounting for almost all of the bump, according to government data.
While overall filings went up to 1.43 lakh in 2025-26 from 1.10 lakh in 2024-25, the domestic filings went up to 99,721 applications last financ...
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GLOBAL CORPORATE
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The co-founder of Dolce & Gabbana, Stefano Gabbana, has stepped down as chair of the company he set up with Domenico Dolce in 1985.
The fashion house is grappling with a debt pile of around €450m (£391m/$528m) and a downturn in the luxury retail sector, with a slowdown in spending, particularly in China.
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Europe could see jet fuel shortages if the Strait of Hormuz does not reopen in the next three weeks, the trade body for European airports has warned.
The Gulf is a major source of aviation fuel, accounting for about 50% of Europe's imports.
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OpenAI has announced it’s opening its first permanent London office with a capacity of over 500 team members, after the company halted a major AI infrastructure project in the U.K.
The U.S.-based AI firm said it had signed the lease for an 88,500 square foot space on Monday. In February OpenAI announced it...
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Saudi Arabia's crude sales to top importer China are set to halve next month as the war in the Middle East upends flows and lifts prices, according to traders familiar with the matter.
The world's biggest exporter is set to ship around 20 million barrels of oil to its customers in China for May, the trader...
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Oilfield services provider Baker Hughes sold its Waygate Technologies unit to Swedish industrial technology group Hexagon for about $1.45 billion in cash, the two companies said on Monday.
The deal comes as Baker Hughes attempts to reshape itself to adapt to the global energy transition nL4N3Z71U8, sheddin...
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GLOBAL ECONOMY
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China's export engine likely slowed in March as buyers chasing an AI-fuelled future confront the hard reality of war https://www.reuters.com/world/iran/ in the Middle East, which has sparked an energy shock and revived market anxi...
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The Middle East war will dominate global finance officials' talks this week in Washington, but World Bank President Ajay Banga is sounding the alarm about a bigger, looming crisis: a huge gap in jobs for the 1.2 billion people who...
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Global economic growth is expected to slow to 3.2 per cent in calendar year 2026 from 3.4 per cent in the previous year, as the ongoing West Asia conflict triggers what is being described as the largest energy shock on record, acc...
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INDIAN CORPORATE
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Global energy major Shell plc has ramped up natural gas supplies to India in the wake of disruptions triggered by the West Asia conflict, leveraging its global liquefied natural gas (LNG) portfolio to capture a larger share of spo...
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Ahmedabad-based HRS Aluglaze, engaged in the design, manufacturing, and installation of aluminium products, on Friday announced securing multiple orders from KEC International, Safal Goyal Realty and other companies worth over Rs ...
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Over the next two-three years, Indian Bank expects business to grow at 12-13% with retail, agriculture and MSME its primary growth engines, Managing Director Binod Kumar tells Narayanan V. Excerpts:
The bank’s business has gr...
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Engineering and construction major L&T is looking at three times growth in revenue from nuclear energy as India gears up for expansion in the segment and other countries add to their capacities.
The company’s order inflows from...
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When Campbell Wilson landed in Delhi in July 2022 to take charge of Air India, he was, by his own account, not the first person the Tata Group had called. The job had initially been offered to a former chairman of Turkish Airlines...
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With a Rs 22,000 crore combined investment across solar generation, battery storage and pumped hydro projects, Avaada Group is scaling up capacity as India’s renewable penetration deepens and grid-balancing requirements intensify....
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GST
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In a significant ruling, the Karnataka High Court has held that pigmy agents—engaged in collecting deposits for banks—are to be treated as employees and not independent contractors, thereby exempting their remuneration from Goods and Services Tax (GST).
The order was passed by a single-judge bench of Justi...
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