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INDIAN ECONOMY
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Amid the growing debate over the 7.8% first-quarter GDP growth number, the government has clarified that revisions to India’s GDP estimates from 2022-23 onwards are the result of incorporating new and improved economic indicators and should not be seen as a correction of errors in earlier estimates.
Some a...
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India's economy is showing early signs that a long-awaited private investment revival is taking hold, broadening the growth engines and making it more resilient to global shocks.
Asia's third-biggest economy grew 7.8% in the April-June quarter, beating economists' forecasts for a 12th consecutive quarter....
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The Centre's fiscal position remains comfortable in the early months of FY27, but slower nominal GDP growth could put pressure on the government's fiscal deficit target of 4.3 per cent of GDP, Union Bank Research said in a report.
The report said the government has managed to increase capital spending while ...
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Several macro indicators released on Tuesday brought further economic cheer, underscoring domestic resilience in the face of tariff headwinds and the lingering crisis in West Asia. India's total goods and services tax (GST) collections rose 14.8% from a year earlier to Rs 2 lakh crore in August, while bulk ca...
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India's 7.8% GDP growth in the April-June quarter of FY27 decisively beat expectations despite an oil shock, geopolitical tensions, supply-chain disruptions and uncertainty over global trade. The figure was well above the 7% forecast of the RBI and the 7.1% Reuters poll median, defying predictions of a meanin...
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The Japan Credit Rating Agency (JCR) has upgraded India’s sovereign credit rating by one notch to A- from BBB+, citing the country’s sustained high economic growth, stronger financial system and policies aimed at improving productivity and economic development. JCR has assigned a Stable outlook to both India’...
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Slamming “naysayers” for allegedly spreading negativity despite India’s 7.8% growth in Q1FY27, Prime Minister Narendra Modi said the pace must be maintained.
Calling for greater support for domestic production, Modi invoked the “Swadeshi Mantra” and “vocal for local”, urging citizens to strengthen India’s...
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The Commerce Ministry on Tuesday held a meeting with exporters and industry to hear their concerns about exports to the US market, which Commerce and Industry Minister Piyush Goyal can then take up with US officials during his meetings later this month.
Goyal will be in the US to attend the G-20 trade mini...
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India’s current account deficit widened to $4.2 billion in Q1FY27, driven by higher energy prices and trade deficit amid West Asia war, but remains manageable with strong capital inflows and forex reserves. Current account seen comfortable around 1% of GDP in FY27 Shubham Rana New Delhi, September 1 India's c...
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With a whopping $100 billion flowing in via the special FCNR (B) deposit scheme alone, the system will be awash with dollar funds. For the Reserve Bank of India managing surplus liquidity could be a challenge. FE explains the impact of the dollar inflows. The Indian currency has gained enormously from the lar...
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MARKET & FINANCE
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Indian government bonds sank early on Wednesday, with the benchmark 10-year yield briefly topping 7% for the first time in three months as a deepening global debt selloff and a fresh spike in oil prices rattled investors.
The yield on the benchmark 6.94% 2036 bond was up 3 basis points at 6.9898% as of 10:45...
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Non-resident Indians continue to be a meaningful part of the Indian mutual fund ecosystem, with the UAE, US, UK and Singapore remaining the largest sources of such investment year after year.
The Reserve Bank of India (RBI) has released the findings of its 2025-26 Survey of Foreign Liabilities and Assets o...
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Capital inflows under the Foreign Currency Non-Resident (Bank), or FCNR(B), deposit scheme crossed the $100-billion mark by the August 31 deadline, according to official sources privy to the matter.
The Reserve Bank of India’s special swap window also attracted additional inflows through external commercia...
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GLOBAL CORPORATE
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Dell Technologies on Tuesday boosted its annual revenue and profit forecasts for the second time this year, driven by soaring demand for its AI servers from technology companies pouring billions into data centers....
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While Nvidia is synonymous with the AI boom, a lesser-known group of power and cooling equipment suppliers is cashing in on a global data centre construction spree as developers race to avoid infrastructure bottlenecks....
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Taiwanese companies are planning another $20 billion of investments in the U.S. driven by demand for AI applications, the island's economy minister said on Wednesday without giving details, though drawing a warm response from a visiting U.S. official....
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Anthropic's $35 billion cloud computing deal with Lambda shows Nvidia's expanding role in AI infrastructure, holding the data center lease and investing in cloud providers to support AI growth....
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Banking
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A look at headline banking metrics suggests that India's Public Sector Banks (PSBs) hold an enviable advantage over their private peers. With a system-wide credit expansion running at a multi-year high of ~20% year-on-year (or ~18% adjusted figure), state-owned lenders appear to have substantial balance sheet...
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Banks have shown preference for lending to microfinance institutions over individual borrowers during the April-June quarter, indicating a strategic shift to keep off those seeking loan at the bottom of the economic pyramid, a report said on Tuesday.
The microfinance portfolio outstanding of banks, where the...
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GLOBAL ECONOMY
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Brazil's Congress on Tuesday approved a bill exempting data-center-related equipment from federal taxes, part of the government's plan to lure such projects to the country.
The Senate approved the bill on Tuesday, following a pre...
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Britain's economy is set to grow a bit faster than previously expected in 2026 after withstanding the initial impact of the Iran war but firms remain wary about investment, the British Chambers of Commerce said on Tuesday....
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South Korea's consumer prices rose 3.1% in August from a year earlier, government data showed on Wednesday, coming in below market expectations.
That was faster than the 2.8% rise in July but weaker than a 3.2% increase forecas...
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Brazil's economic growth slowed in the second quarter as elevated borrowing costs continued to weigh on activity and household consumption shrank, with the government now likely to lower its full-year GDP forecast as economists wa...
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Canada's manufacturing sector expanded for a fifth straight month in August as output and employment rose but the recent increase in trade tensions between the U.S. and Canada cast doubt on the pace of growth being sustained....
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manufacturing activity eased in August after strong growth in the prior month, with new orders slowing and input prices remaining high amid persistent supply-chain strains....
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U.S. job openings increased in July amid a surge in manufacturing vacancies, but weak hiring suggested the labor market remained in a holding pattern....
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Concerns over America's fiscal outlook are mounting. Long-dated Treasury yields are at their highest levels since 2007, while the national debt has surpassed $40 trillion.
It is not the first time Washington has faced an imposing...
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INDIAN CORPORATE
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Coal India (CIL) is pursuing an aggressive diversification strategy beyond its mainstay of coal mining.
The world's biggest producer of the fossil fuel is lining up nearly Rs 50,000 crore in coal-gasification projects while scout...
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VinFast has suspended plans to manufacture three electric vehicles in India and ordered suppliers to halt work on the projects while it reassesses costs, according to two sources and a company memo reviewed by Reuters - a year aft...
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Mukesh Ambani is bringing Reliance’s tried-and-tested disruption playbook to India’s ice-cream market. Reliance Consumer Products has entered the segment with Bombay Creamery, offering cups, cones and sticks starting at an aggress...
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Mphasis has announced its collaboration with Japanese tech firm TechnoPro Holdings as the IT firm seeks to enter the Japanese market by offering its AI-powered enterprise solutions. As part of the partnership, both companies will ...
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Vietnamese electric vehicle maker VinFast on Tuesday said it has not changed or suspended its production plans in India, the world’s third-largest automobile market. “For the models currently being sold in India, VinFast has not c...
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JioHotstar, the streaming platform of JioStar, has launched in the UK, Canada and Singapore, marking its first major international expansion as the company looks to take its Indian entertainment ecosystem to global audiences.
A...
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A five-member bench of the National Company Law Tribunal (NCLT) on Tuesday stayed the operation of the August 25 verdict by a smaller bench of the tribunal in the personal insolvency case against Zee Group founder Subhash Chandra....
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