INDIAN ECONOMY
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India’s employment market is set for stronger hiring momentum in the second half of FY27 (October 2026-March 2027), with employers projecting a 5.4% increase in workforce, up from 4.7% in the preceding six months and 4.4% in the corresponding period last year, according to the latest Employment Outlook Report...
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India will need a deeper and more diversified financial system to finance the next phase of growth, with stronger banks complemented by deeper corporate bond markets, foreign direct investment and infrastructure funds for its development ambitions, Principal Secretary to the Prime Minister PK Mishra said on W...
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India’s new GDP series is not just a change in the base year. The Ministry of Statistics and Programme Implementation’s (MoSPI) detailed methodology document shows that the 2022-23 base-year series also brings changes in what is measured, how household activity is captured and which data sources are used to e...
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India’s economic outlook for the current financial year has brightened despite the ongoing conflict in West Asia and elevated energy prices, with four major global institutions raising their forecasts for the country’s FY27 GDP growth on Wednesday.
S&P Global Ratings, Fitch Ratings, the Organisation for Ec...
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The rupee could stabilise and potentially appreciate from current levels as India’s balance of payments (BoP) position improves, Reserve Bank of India Deputy Governor Poonam Gupta said at the 13th SBI Banking and Economics Conclave.
Gupta said the current account deficit (CAD) is expected to narrow in the ...
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MARKET & FINANCE
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For NPS investors, the rise in global bond yields is becoming something worth watching.
The US 10-year Treasury yield is hovering close to 5%, while the 30-year yield is above 5.2%. On September 22, the 10-year US Treasury yield stood at 4.96% and the 30-year yield at 5.29%, according to US Treasury data.
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GLOBAL CORPORATE
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When Apple's new desktop computers start shipping Tuesday, the company's executives will make an unusual pitch to corporate buyers: They are cheaper than renting data centers.
Apple's upgraded Mac Minis and Mac Studios which can cost nearly $20,000 and handle AI tasks locally will go head-to-head against n...
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Microsoft is planning to invest more than $10 billion across the United Arab Emirates, Saudi Arabia, Qatar and Kuwait between now and 2030, including in cloud and AI infrastructure, a senior executive said on Wednesday.
The US tech giant is making digital resilience a key part of its strategy for the regio...
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Technology investor SoftBank Group has issued a total of $11.1 billion in dollar- and euro-denominated bonds, a filing showed on Thursday, as it looks to generate cash to continue its investments in artificial intelligence.
SoftBank issued dollar-denominated senior notes of $1 billion at a 3-1/2-year term,...
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Hopes for a new China commitment to buy Boeing planes are sinking ahead of a Thursday summit between the US and Chinese presidents, two people briefed on the matter said on Wednesday, with negotiations still in flux.
The planemaker instead is trying to finalize a May deal for China to buy 200 planes, rathe...
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Japan's Honda Motor is in the final stages of preparations to build a new hybrid vehicle production plant in Ohio, the Nikkei business daily said on Thursday.
Honda plans to invest about 300 billion yen to 400 billion yen ($1.90 billion to $2.53 billion) in the new plant, expected to start production in 20...
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Private investment in space companies globally climbed to $23 billion in the year through June, more than double the $9.7 billion raised a year earlier, according to a report by Relm Insurance and British investment firm Seraphim on Wednesday.
SpaceX's June IPO has reshaped the funding landscape for the s...
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“If we’re not at the table, we’re on the menu,” was Mark Carney’s warning to fellow “middle powers” earlier this year. Looking at this week’s US-China summit, the European Union will know exactly what the Canadian leader was getting at.
As Donald Trump and Xi Jinping prepare to discuss artificial intelligenc...
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Banking
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State Bank of India (SBI) expects the new merchant discount rate (MDR) framework for UPI transactions to help it recover most of the costs associated with processing such payments and also generate a modest surplus, a senior bank official said.
“From the MDR guidelines, we expect to recover most of it and ...
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GLOBAL ECONOMY
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The United States and China have agreed to extend their trade truce by two months, giving US President Donald Trump and Chinese President Xi Jinping more time to manage their wider economic rivalry. This truce extension comes as X...
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The European Central Bank is not seeing significant wage pressures in response to this year's energy-driven inflation surge, the bank's chief economist said on Wednesday, downplaying concerns that rapid price growth was at risk of...
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Japan's manufacturing activity rose at a slower pace in September from the previous month as output and new orders softened, while solid overseas demand helped firms' activity, a private-sector survey showed on Thursday....
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Australian employment rose more than forecast in August but the unemployment rate still hit a five-year high as more people went looking for work, data showed on Thursday.
The mixed report was not enough to shift already firm m...
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Brazil's central bank monetary policy director Nilton David said on Wednesday that the best response to the current uncertainty was to pursue smooth and predictable interest rate moves.
Speaking at an event hosted by J. Safra, ...
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US business activity rose at the fastest pace in more than five years as robust demand pushed up new orders and employment at manufacturers and service providers. The S&P Global flash US composite purchasing managers index climbed...
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INDIAN CORPORATE
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Welspun Corp’s order book stood at Rs 44,100 crore so far in FY27. This includes Rs 24,750 crore order received by the company till July 22, according to their Q1FY27 earnings release and its record largest-ever single order for p...
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Bharti Airtel‘s cloud arm is stepping up its push into the enterprise and government market, with the company in active discussions with some of the country’s largest banks, insurers and public sector institutions to migrate criti...
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GST
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A cinematographic film is not IT software under the GST law, even if delivered via a digital link or hard disk, the Bombay High Court has held while setting aside a tax demand of over Rs 79.7 crore from Karan Johar's two production companies.
The mode of delivery remains irrelevant to tax classification, a...
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Insolvency
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The Insolvency and Bankruptcy Board of India has allowed liquidators to modify entries in the list of stakeholders when additional information is received without seeking prior approvals.
“The liquidator may modify an entry in ...
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