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30
Jul
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Requesting Co-operative for Drug Free Mumbai
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INDIAN ECONOMY
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The country's merchandise export during August 1-21 is estimated to rise by 15 per cent to more than USD 25 billion, an official said on Wednesday.
During April-August 21 this fiscal, the exports crossed USD 200 billion, the official said.
The commerce ministry will release the exports and imports data ...
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Commerce and Industry Minister Piyush Goyal on Wednesday said that Japanese firms have already invested Rs 1 lakh crore of the 10 trillion Yen (Rs seven lakh crore) investment target in India over a decade, as committed in 2025.
He said that with this pace, the 10 trillion yen may be invested in India in the...
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India is pitching its expanding digital economy as a new area of opportunity for Canadian investors. Addressing members of the Indian business community in Toronto, Union Finance Minister Nirmala Sitharaman highlighted the potential for cooperation between Indian and Canadian banks, fintech companies and regu...
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With a monsoon deficit of 13% against the benchmark after the near-close of the three months of the 2026 southwest monsoon season (June-September), overall rainfall is likely to be the lowest since 2009.
The quantum of rainfall and its spatial distribution in September would be crucial for this season’s mo...
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India’s manufacturing activity is improving, credit growth and government capex remain strong, currency is stable, while urban consumption continues to hold up. So, is India’s economy getting better?
BNP Paribas believes the answer is yes. The brokerage said, “Over the past two months, the macro environmen...
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Japanese firms have pumped over Rs 1 lakh crore into India in just 10 months, fulfilling nearly 15% of Tokyo’s 10-year, 10-trillion-yen investment pledge announced in 2025, Commerce Minister Piyush Goyal said on Wednesday.
Speaking to reporters in Tokyo, Goyal expressed confidence that, at the current pace...
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MARKET & FINANCE
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India's stock market will trade lower by the middle of next year than it did at the start of 2026, according to a Reuters poll of equity analysts - the third quarter in a row they have cut their outlook as foreign investors move to other Asian markets.
Indian shares are down more than 7.0% this year and ar...
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Wooing investors in Toronto, Finance Minister Nirmala Sitharaman pitched opportunities for Canadian banks, fintech firms and institutional investors in India, spanning digital payments, GIFT City, insurance, asset management and pensions.
Sitharaman said India’s real GDP growth was 7.6% in 2025-26, while r...
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The Bank of Korea raised its benchmark interest rate by a quarter percentage point to 3.00% on Thursday, as expected, delivering a second straight increase as inflation stays above target while financial stability risks persist....
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GLOBAL CORPORATE
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The Donald Trump administration's road to economically choke Iran will have to go through China - if it wants to cripple the Middle East country. However, with a fragile trade peace in place between the world's two largest economies, it's unclear whether the Trump administration would choose to take on China ...
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Nvidia on Wednesday forecast a 70% jump in revenue next fiscal year, underscoring unabated demand for AI computing, while warning that shortages of memory components would continue to curb how quickly it can expand.
The chip company's shares rose nearly 5% in extended trading, after having dipped over 1% i...
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China is making a big bet on green hydrogen that could make or break a fuel long-touted as holding the keys to the global energy transition.
The stakes are substantial. China has more than tripled its annual operational capacity since the end of 2024, and now hosts nearly 250,000 tons — over twice that of th...
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Anthropic will spend $45 billion to rent AI cloud computing power from Nscale's West Virginia data center campus, a person familiar with the matter said on Wednesday, as the AI startup gears up for a major IPO.
Anthropic has been aggressively expanding its computing power to meet demand growth it expects f...
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Shipping traffic at the Strait of Hormuzrose slightly even as a geopolitical standoff persisted between the United States and Iran, while the market also monitored Iran-Oman talks about the waterway, data showed on Thursday.
Visible commodity vessel transits at Hormuz totalled 10 on Wednesday, up slightly fr...
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Microsoft co-founder Bill Gates wants the United States and China to cooperate on one of the biggest risks created by artificial intelligence, even as the two countries build competing technology partnerships around the world.
Gates told Reuters that he is seeking a meeting with Chinese President Xi Jinpin...
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India paid an additional $22.5 billion for fossil-fuel imports between March and August 2026 as the Hormuz crisis drove up oil and gas prices, making it the second-most affected importing country globally after China and adding a fresh burden to the country’s energy import costs.
China faced the highest ad...
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Banking
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Credit card spends topped Rs 2 trillion for the third consecutive month in July, with the average monthly spend in 2026 rising to Rs 2 trillion, compared with Rs 1.93 trillion in 2025, latest data released by the Reserve Bank of India (RBI) showed.
Credit card spends in July stood at Rs 2.08 trillion, up f...
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The case for bigger public sector banks has returned to the policy debate just as the banks themselves are in much better shape than they were a decade ago.
A new Economic Advisory Council to the Prime Minister (EAC-PM) paper says India should consolidate banks into a few large institutions of broadly compar...
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India should make efforts to consolidate banks in such a manner that a few big banks of equal size would be created, without compromising market competition in the industry, the Economic Advisory Council to the Prime Minister (EAC-PM) said in a working paper.
The paper titled 'Reforms, Efficiency, and Produc...
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GLOBAL ECONOMY
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Colombia central bank chief Leonardo Villar said on Wednesday that the bank's models suggest inflation in the country will approach the 3% target by mid-2028....
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China's industrial firms reported slower profit growth in July, with export-focused sectors riding the global AI boom, while industries reliant on domestic demand remained under pressure....
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German consumer sentiment is set to increase going into September, with gains in economic and income expectations helping to counter households' persistent caution on spending, a survey found on Thursday....
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Annual U.S. inflation unexpectedly held steady in July well above the Federal Reserve's 2% target for the 65th straight month, and the pause in the decline from a recent war-induced peak is likely to intensify the central bank's d...
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The global economy has absorbed the economic shock from the war in the Middle East better than the International Monetary Fund initially expected, but the cushion could weaken if oil prices rise again....
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INDIAN CORPORATE
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Hindustan Aeronautics and Safran Helicopter Engines have inked a contract with SAFHAL Helicopter Engines Private for the launch and development of high-power helicopter engine named “Aravalli”.
HAL-Safran: Project details
Acc...
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JSW MG Motor India is looking to raise fresh capital to expand beyond the 2.2 lakh-unit capacity planned at its Halol plant. Parth Jindal, director, JSW MG Motor India, said the current expansion is funded through a mix of debt an...
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Adani Energy Solutions (AESL) on Wednesday said it has won a 4,500-MW transmission project for evacuation of renewable energy generated in Karnataka to major load centres in Maharashtra.
The project, which entails an estimated ...
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Titagarh Rail Systems (TRSL) has signed a non-binding Memorandum of Understanding (MoU) with Siemens to jointly evaluate and explore opportunities in the international metro rolling stock market.
Titagarh Rail Systems in its re...
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