INDIAN ECONOMY
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Indian exporters are seeing a sharp surge in orders from the United Kingdom ahead of the India-UK Comprehensive Economic and Trade Agreement (CETA) coming into force on July 15, as buyers move quickly to take advantage of the proposed tariff cuts.
Textile and garment exporters are seeing 12% higher orders ...
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Around 35 lakh more electric vehicles (EVs) are expected to replace petrol vehicles during 2027-2030, helping India save nearly Rs 1 lakh crore in crude oil import bills if EVs account for 20 per cent of the vehicle market by 2030, according to a report by the State Bank of India (SBI).
The report said EV ...
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Food inflation in India is projected to average around 6 per cent in the 2027 fiscal year, while the headline Consumer Price Index (CPI) inflation is expected to settle at 5 per cent. A severe rainfall deficit at the start of the monsoon season is driving these projections, posing a direct threat to agricultu...
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India's dominant services sector expanded at its slowest pace in 17 months in June as domestic demand weakened sharply and overall new business grew at its slowest rate in over two-and-a-half years, according to a survey that also showed hiring nearly stalling.
HSBC's India Services Purchasing Managers' In...
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India and Japan on Thursday unveiled a series of major agreements covering defence, artificial intelligence (AI), critical minerals, energy and investment during the 16th India-Japan Annual Summit in New Delhi.
Prime Minister Narendra Modi and his Japanese counterpart Sanae Takaichi also announced a new ec...
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As India pushes toward its ambitious ‘Viksit Bharat 2047’ vision, World Bank India’s Executive Director Neelkanth Mishra has offered a detailed blueprint on what the country must achieve economically to be officially considered a developed nation and why the next two decades could be decisive.
In a recent ...
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A cut in petrol and diesel prices may not come immediately despite the sharp decline in global crude oil prices. Union Petroleum Minister Hardeep Singh Puri on Thursday explained the reason behind it during a presser.
According to Puri, the state-run oil marketing companies (OMCs) are still refining expens...
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Russia supplied more than half of India’s crude oil imports in June, with shipments surging 39% month on month to 2.61 million barrels per day, even as the country’s overall imports remained nearly flat at 4.98 million bpd, the highest June volume on record.
Russian crude accounted for 52.4% of India’s tot...
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India has a youth unemployment problem. That much is clear from the numbers. Unemployment among Indians aged 15-29 stood at around 15% in April 2026. Behind this figure sit millions of young people caught between classrooms and careers, watching rising living costs and unaffordable housing eat into whatever c...
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MARKET & FINANCE
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Foreign investors continued to exit Indian equities for yet another month, with June witnessing withdrawals of Rs 49,340 crore $5.16 billion), as global and domestic factors continued to weigh on investment sentiment.
The latest sell-off has pushed cumulative Foreign Portfolio Investor (FPI) outflows from Da...
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The Reserve Bank of India on Thursday told a parliamentary panel that virtual digital assets like cryptocurrency are a threat to an emerging economy like India and such assets should not be legalised in the country.
The RBI also told the Parliamentary Standing Committee on Finance, headed by BJP member Bha...
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Top officials of Reserve Bank of India (RBI), in a submission to a parliamentary panel, backed a containment strategy leaning towards prohibition, recommending that banks and other regulated financial institutions remain completely insulated from crypto assets and privately issued stablecoins.
RBI deputy g...
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GLOBAL CORPORATE
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Tesla's China-made electric vehicle sales rose for an eighth month in June, supported by an extended recovery in the U.S. automaker's European sales.
Deliveries of Model 3 and Model Y vehicles made in its Shanghai plant, which is also an export hub for Europe, grew 24.4% from a year earlier to 89,091 units...
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Microsoft said on Thursday it is creating a new company that will help customers select AI technologies that work for their businesses and generate returns on their investment.
Microsoft Frontier Company, as the new operating entity is called, will kick off with $2.5 billion in funding from the tech giant ...
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Tesla on Thursday posted record-setting second-quarter delivery numbers that smashed past Wall Street estimates, led by a rebound in Europe, feeding hopes that in 2026 the electric vehicle maker can end its two-year streak of annual declines.
Strong results from Tesla's mainstay auto business offer a cruci...
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Ford on Thursday reported a 10.3% drop in U.S. sales in the second quarter, as the automaker reeled from lower inventory of its F-150 pickup trucks.
It notched quarterly sales of 549,200 units, lower than the 612,095 units it sold a year earlier....
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A Moscow car dealership is struggling to keep up with demand for new electric vehicles from China as drivers look to sidestep a fuel crisis that has led to long queues and soaring prices across much of Russia.
Escalating Ukrainian strikes on Russian energy infrastructure have squeezed gasoline and diesel s...
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Meta Chief Executive Mark Zuckerberg acknowledged shortcomings in the company's sweeping restructuring at an internal town hall on Thursday, saying the systems known as AI agents had not progressed as quickly as he had expected, according to a recording heard by Reuters.
Zuckerberg added that a company re...
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Europe’s highest court on Thursday upheld a €4.1 billion ($4.67 billion) antitrust fine against Google, bringing an end to one of the European Union’s biggest competition cases against a technology company. The ruling confirms that Google abused the dominant position of its Android mobile operating system to ...
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RBI
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Two separate regulatory notes put out on Wednesday have assuaged concerns over a new norm that could have ended up questioning the autonomy exercised by the International Financial Services Centres Authority (IFSCA), a unified regulator, over GIFT IFSC entities.
An FAQ issued on Wednesday has clarified t...
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Banking
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State Bank of India (SBI) is targeting Rs 1.20 lakh crore in fresh home loan disbursements during the current financial year, aiming to increase its market share by one percentage point in one of the fastest-growing retail lending segments.
With the planned addition, the country’s largest lender expects it...
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GLOBAL ECONOMY
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taly's unemployment rate fell slightly to 5.0% in May but a net 22,000 jobs were lost during the month, with the fall in the jobless rate due to people no longer looking for work, national statistics bureau ISTAT reported on Thurs...
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atastrophe and risk modeling firm Verisk said on Thursday it expects economic losses from the Venezuelan earthquake to exceed $10 billion.
Here are some details:
• Two powerful earthquakes struck north-central Venezuela near d...
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Canada's manufacturing sector expanded further in June as production and employment rose, but not all was positive for the sector as intensifying supply shortages helped lift cost inflation to a near four-year high....
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New orders for U.S. factory goods fell in May amid a decline in bookings for commercial aircraft, but demand elsewhere remained strong, partly driven by investment in artificial intelligence. ...
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Consumer confidence in New Zealand rose in June as two-year inflation expectations eased, returning nearer to January levels before the oil price spike, ANZ-Roy Morgan data showed on Friday....
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Japan's services sector returned to expansion in June after stalling the previous month, though business confidence remained subdued amid concerns over Middle East tensions and intensifying cost pressures, a private survey showed ...
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China's services activity expanded at a slightly slower pace in June as growth in new business eased, though overseas demand rose at the fastest rate in 20 months, a private-sector survey showed on Friday....
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INDIAN CORPORATE
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Despite being a late entrant, Tata Electronics has overtaken Taiwanese electronics manufacturing services (EMS) giant Foxconn to grab a larger share of assembling iPhones, which are exported from the country, during the five-year ...
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Jaguar Land Rover retail sales fell 15.3% year-on-year to 80,000 units in the first quarter of fiscal year 2027 as it grapples with supply constraints and softening demand, parent India's Tata Motors Passenger Vehicles said on Thu...
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Ahmedabad-based Adani Enterprises on Friday upsized its qualified institutional placement (QIP) to Rs 15,000 crore from a base size of Rs 10,000 crore, noticing huge investor demand for the issue. The share sale drew bids worth ro...
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IRB Infrastructure Developers will act as project manager for two national highway stretches currently under its infrastructure investment trust in a deal valued at approximately Rs 2,663 crore. This includes the Solapur–Yedeshi a...
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Tata Steel is progressing towards its long-term target of building 40 million tonne per annum (MTPA) of steelmaking capacity, with recent and planned expansions expected to strengthen its manufacturing footprint across India. The ...
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Adani Enterprises and Abu Dhabi-based International Resources Holding (IRH), an IHC Group company, through 2PointZero, announced plans to form a 50:50 joint venture (JV) to develop an integrated greenfield aluminium project in Odi...
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Insolvency
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The insolvency regulator on Thursday proposed the withdrawal of interim moratorium protection for personal guarantors to a stressed firm, seeking to align the regulation with the recently amended bankruptcy law to ensure such guar...
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