INDIAN ECONOMY
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India's economic growth is expected to slow sharply this fiscal year from last year's robust expansion and recover only modestly the following year, a Reuters poll of economists found, as weak private investment and higher oil prices triggered by the Iran war weigh on domestic demand.
Gross domestic produc...
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To reduce the impact of global fertiliser price fluctuations due to geo-political factors, the Parliamentary Standing Committee on Chemicals and Fertilisers on Monday recommended more long-term agreements and joint venture projects with countries rich in raw materials, especially for phosphorus (P) & potassiu...
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India’s engineering goods exports recorded strong growth in June, rising 21% year-on-year to $11.48 billion, as demand from key markets including China, the United States, Germany and Oman helped the sector remain resilient amid disruptions to global shipping routes. The latest data from the Engineering Expor...
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With a ‘normal’ rainfall in July after hugely deficient June, the sowing of Kharif crops—paddy, pulses, oilseeds, cotton and sugarcane – across the country has got a huge boost especially in the last fortnight.
This has somewhat allayed fears of a major flare-up in food prices. Consumer Price Index inflati...
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MARKET & FINANCE
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As many as 576 individuals have reported a gross total income of Rs 100 crore or more in their income tax returns in the 2025-26 assessment year, registering a 4-fold growth over the past five years, Parliament was informed on Monday.
This was stated by Minister of State for Finance Pankaj Chaudhary in the...
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The Reserve Bank of India’s recent forex measures could draw $80–85 billion in inflows, according to a report by the SBI research department released on Monday.
“We believe that the total amount mobilised so far in 45 days has crossed the number mobilised in 2013 in three months… Overall, we believe, FCNR ...
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GLOBAL CORPORATE
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China has begun manufacturing domestically developed immersion deep ultraviolet lithography machines, a key chipmaking tool long dominated by Dutch supplier ASML, The Information reported on Monday.
The machines are expected to be delivered this year to leading Chinese chipmakers, including Semiconductor M...
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Nvidia will make a $5 billion equity investment in Safe Superintelligence as part of a strategic partnership between the chipmaker and the startup co-founded by OpenAI's former chief scientist Ilya Sutskever, a person briefed on the deal said.
The two companies announced the deal Monday morning without dis...
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China’s tightening control over critical minerals and export restrictions on rare earth elements could put around $6.5 trillion a year of downstream production outside China at risk, as industries from automobiles and defence to clean energy and high-tech manufacturing remain exposed to concentrated supply ch...
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German premium carmaker Mercedes-Benz reported a 22% rise in second-quarter operating profit but flagged weakness in its core cars business on Tuesday, now forecasting a drop in overall sales due to problems in China.
Group earnings before interest and tax (EBIT) came in at €1.5 billion ($1.71 billion), sl...
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Fresh signs of resilience emerged from the U.S. manufacturing sector in June as businesses stepped up investment in equipment, reinforcing expectations that the world's largest economy maintained steady growth through the second quarter.
Data released by the Commerce Department's Census Bureau on Monday sh...
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China's BYD launched an electric mini-car in Japan on Tuesday, hoping the Racco model will revive sales in a market where it has struggled to gain traction since entering the passenger-car segment in 2023.
The Shenzhen-based automaker said buyers could get the entry-level Racco for less than 2 million yen ...
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First official customer deliveries of Tesla’s Cybertruck started rolling out in late 2023. Since then, the EV-maker’s CEO, Elon Musk, has repeatedly hailed the futuristic line of vehicles as the company’s “best product ever,” while envisioning the electric pickup truck could reach annual sales of 250,000. How...
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Banking
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The US and India are expanding defence and civil nuclear cooperation, including the adoption of trusted AI and other emerging technologies powering the economy, US Assistant Secretary of State S Paul Kapur said.
Kapur made these remarks at a roundtable on India at the Hoover Institution, which saw the part...
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GLOBAL ECONOMY
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An impending "super" El Niño is likely to inflict a combined $10 billion to $20 billion hit on affected African countries and trigger mass migration from hard-hit areas, the African Development Bank's top climate expert told Reute...
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Profits at China's industrial firms grew at a solid, though slower, pace as resilient exports helped cushion sluggish domestic demand, highlighting the economy's uneven recovery despite policymakers' efforts to spur consumption....
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Emerging economies already strained by the Middle East conflict face a new threat: a potentially powerful El Niño that could push up food prices and slow growth....
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German business morale grew more than expected in July as the outlook for companies improved across sectors, a survey showed on Monday, although they continue to face risks from the impact of the Iran war....
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The first 18 months of President Donald Trump's second term in the White House have seen a series of policy-driven economic shocks, highlighted by the immigration crackdown and higher tariffs that he promised during his 2024 campa...
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International Monetary Fund Managing Director Kristalina Georgieva expressed confidence on Monday in President Javier Milei's economic reforms and the country's ability to navigate a looming debt repayment crunch next year that co...
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Mexico's economy is likely to have recovered in the second quarter, driven mainly by a rebound in industrial activity, according to a Reuters poll on Monday....
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U.S. Trade Representative Jamieson Greer said on Monday President Donald Trump's new tariffs on 60 trading partners over their alleged lax enforcement of forced labor bans will likely not have an economic impact in part because th...
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INDIAN CORPORATE
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FMCG major Hindustan Unilever Ltd (HUL) on Tuesday reported a 3.17 per cent year-on-year decline in consolidated net profit to Rs 2,680 crore for the June quarter.
The company had logged a net profit of Rs 2,768 crore in the...
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Tata Sons posted a 22% jump in profit in FY26, lifted by gains from the listing of Tata Capital - even as its chairman N Chandrasekaran faces a crucial annual general meeting over his future at the conglomerate.
Net profit at the...
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State-owned Canara Bank posted its Q1FY27 net profit at Rs 4,856 crore, rising 2.2% year-on-year from Rs 4,752 crore reported in the year-ago period. Sequentially, the lender’s profit advanced 7.7% from Rs 4,506 crore reported in ...
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Defence PSU, Bharat Electronics (BEL) posted its Q1FY27 net profit at Rs 1,054 crore, rising nearly 9% year-on-year from Rs 969 crore reported in the year-ago period. However, sequentially the company’s profit declined more than...
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Tata Power on Monday reported an 11% year-on-year rise in consolidated net profit to Rs 1,176 crore for the first quarter of FY27, marginally beating analysts’ estimates, driven by steady operational performance across businesses....
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Larsen & Toubro has signed a Framework Cooperation Agreement with Dutch grid operator TenneT for a 2 GW offshore wind transmission programme, the engineering and construction major said in a stock exchange filing. The order falls ...
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Tata Sons Chairman N Chandrasekaran believes that the transformation of Air India is a “long journey” spanning five to ten years. He noted that the domestic carrier continued to face global supply chain disruptions, legacy operati...
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COMMERCIAL LAW
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The Reserve Bank of India’s (RBI) proposed overhaul of foreign investment rules last week is a welcome attempt to simplify a regulatory architecture that has grown increasingly complex through years of amendments, clarifications, ...
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