INDIAN ECONOMY
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India's growing trade gap with China is no longer just about buying more and selling less, but it is also about how deeply Indian manufacturing relies on Chinese industrial supplies at present.
A new report by think tank Global Trade Research Initiative has flagged that while China makes up around 16% of Ind...
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India is accelerating negotiations for a proposed free trade agreement (FTA) with Canada and talks are ongoing with Chile and Peru though engagements with the six-nation Gulf Cooperation Council (GCC), have paused due to the West Asia conflict, commerce and industry minister Piyush Goyal said Tuesday at the A...
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Supplies from Saudi Arabia to India have normalised while the UAE shipments are running well above last year's average, as both countries ramp up loadings from alternative ports that bypass the Strait of Hormuz disruption.
Increasing flows from Saudi Arabia and the UAE along with resumed imports from Iran ...
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India is expected to withstand global economic shocks despite rising uncertainty due to its strong macroeconomic fundamentals, according to a report by Bank of Baroda.
The report noted that global headwinds such as a slowdown in the world economy and geopolitical uncertainty could impact India's exports, d...
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India needs a comprehensive and structural policy response to manage rising risks from rupee depreciation, imported inflation and a widening balance of payments (BoP) deficit, according to a report by the State Bank of India.
The report highlighted that the key concern at present is the "second-round effec...
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India needs a comprehensive and structural policy response to manage rising risks from rupee depreciation, imported inflation and a widening balance of payments (BoP) deficit, according to a report by the State Bank of India.
The report highlighted that the key concern at present is the "second-round effec...
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India's engineering exports to New Zealand are poised to double over the next five years from USD 140.5 million to USD 280-300 million, following the signing of a free trade agreement (FTA) that grants zero-duty market access to all Indian goods, officials said....
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The government has clarified that when goods are supplied from SEZ units to the domestic market after paying applicable duties and later re-exported, they will be treated as imported goods for the purposes of disbursement of duty drawback....
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The finance ministry will review the progress of financial inclusion with banks and stakeholders this week as it firms up the roadmap for Financial Inclusion 2.0. It will also assess the performance of existing schemes, including the Atal Pension Yojana, amid demands to expand coverage under insurance and pen...
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Sagar Adani, Executive Director of Adani Green Energy, on Wednesday said that any potential move by the UAE to withdraw from OPEC or OPEC+ could be a “net positive” for India and underscored the central role of energy in shaping economic resilience....
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India’s industrial production growth slowed down to a 5-month low of 4.1% in March, mainly due to subdued performance of manufacturing and power sector amid the West Asia crisis, according to official data released on Tuesday.
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High-frequency indicators still point to resilience, but policy action will hinge on whether supply shocks spill into broader inflation, RBI MPC Member Saugata Bhattacharya tells Kshipra Petkar. He emphasised caution amid global spillovers and rising uncertainty, noting there remains space to respond if growt...
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The Ministry of Statistics and Programme Implementation (MoSPI) is considering using aggregated Goods and Services Tax (GST) data on outward supplies as a key proxy to track short-term production trends in India’s dominant services sector.
The proposal forms part of MoSPI’s broader initiative to develop an...
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RBI
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Indian banks are well prepared for the implementation of the final expected credit loss (ECL) guidelines released by the Reserve Bank of India on Monday, according to market participants and analysts.
“Banks have been preparing for this for quite some time—over the past two years—so they are largely ready ...
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GLOBAL ECONOMY
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The Canadian ?government ?on Tuesday said ?the 2025/26 budget deficit would be lower ?than estimated and trimmed its growth forecasts for the next ?two fiscal years.
In a ?spring economic statement, the finance ministry said ?t...
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The Bank ?of ?Mexico expects inflation ?will soon resume a gradual decline ?towards the bank's 3% target despite a recent ?jump in the prices ?of some fruits and vegetables, the ?central ?bank's governor, Victoria Rodriguez, said ...
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China's factory activity likely grew at ?a ?slower pace in April as rising ?cost pressures stemming from the Middle East conflict test Beijing's reliance on ?manufacturing to underpin economic growth.
The official manufacturing...
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Australian consumer prices surged in the first quarter as ?war ?in the Middle East drove up energy costs, ?while core inflation stayed uncomfortably high for policymakers, keeping pressure on for a rate hike next week.
The cons...
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New Zealand's ?top ?central banker on ?Wednesday said that measures of core inflation ?in the first quarter had remained stable within its ?target band of 1% ?to 3%, adding that it remained focused on ?balancing ?inflation control...
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South Korean exports likely rose ?in ?April for an 11th straight month, with ?a surge in chip demand driven by artificial intelligence investment more than offsetting a ?hit from the Middle East conflict, a Reuters poll showed on ...
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The European Union (EU) is moving to redraw the rules of industrial competition within its borders, setting the stage for a sharper economic confrontation with China. Its proposed “Made in Europe” framework, embedded in the Indust...
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US consumer confidence unexpectedly ticked up in April as a ceasefire in the war with Iran boosted stock prices while labor market perceptions ?improved, a ?survey ?showed on Tuesday.
The Conference Board ?said its consumer co...
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The UAE’s exit from the Organization of the Petroleum Exporting Countries (OPEC) is likely to have greater implications for geopolitics in the Persian Gulf than for global oil markets grappling with the impact of the Iran conflict...
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INDIAN CORPORATE
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When the central bank initiated action on Paytm Payments Bank Ltd.(PPBL) in early 2024, Paytm (One 97 Communications Ltd.) moved to clearly separate its core operations from the entity, ensuring its payments and financial services...
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Dr Reddy's Laboratories on Wednesday said it has received a notice of compliance (NOC) from Health Canada for its generic semaglutide injection indicated for the management of type-2 diabetes.
Dr Reddy's becomes the first compa...
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State-run infrastructure financier REC Ltd. reported a 22% decline in consolidated net profit to ?3,375.08 crore in Q4 FY26, impacted by lower interest income, even as it posted its highest-ever annual profit of ?16,308.17 crore f...
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Maruti Suzuki India on Tuesday reported a 6.9% year-on-year decline in standalone net profit for the January-March quarter, even as revenue and operating performance exceeded Bloomberg estimates, with higher input costs and tax ou...
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The Centre is planning to infuse ?8,097 crore as equity capital into the ailing Rashtriya Ispat Nigam Limited (RINL) to keep it operational, marking its second rescue package in as many years, sources said. The privatisation plan ...
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The Enforcement Directorate (ED) has attached fresh assets worth Rs 3,034 crore, according to PTI, as part of its ongoing alleged money laundering probe against the Reliance Anil Ambani Group companies.
As per PTI, the attached...
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