INDIAN ECONOMY
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India's crude oil import bill surged 48 percent to $74.8 billion during the April-August period on, higher global prices even as volumes remained largely unchanged, according to data from the Petroleum Planning and Analysis Cell (PPAC). On the afternoon of September 21, Brent crude was trading at around $102 ...
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India requires Rs 168-172 trillion of infrastructure investment through FY31, with Rs 78-80 trillion yet to translate into an announced project pipeline, according to a joint report by the National Bank for Financing Infrastructure and Development (NaBFID) and Boston Consulting Group (BCG).
The report, title...
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A shift from corridor-led expansion to customer-centric design forms the core principle needed to drive the next stage of India's cross-border payment ecosystem, according to a report by Deloitte.
The report outlined that future policy frameworks, digital infrastructure, and regulatory platforms require real...
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India is on track to record real GDP growth of 6.5-7 per cent in the current fiscal, with nominal GDP growth expected at around 11-12 per cent, while corporate earnings growth could accelerate to 17 per cent next fiscal from 14 per cent, Jefferies said in its latest report.
The brokerage said India's structu...
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India’s growth has remained remarkably resilient, with domestic demand—particularly consumption—providing an important anchor. Despite geopolitical disruptions and higher crude oil prices, activity has held up well. A key support has been the relatively limited pass-through of higher global energy prices to r...
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Crude oil staying above $100 a barrel could push India's retail inflation towards 6% by the next quarter and put the Reserve Bank of India under pressure to raise interest rates by as much as 50 basis points this financial year, according to Anindya Banerjee, Head - Commodity and Currency at Kotak Securities....
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Andhra Pradesh cleared fresh industrial investments worth Rs 22,177.84 crore across 28 projects, expected to generate employment for 19,739 people, the state government said.
The approvals came at the 21st meeting of the State Investment Promotion Board (SIPB), chaired by Chief Minister Nara Chandrababu Na...
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India’s labour market is coming into sharper local focus, with new district-level estimates showing differences in employment and workforce participation that broader averages can obscure. The National Statistics Office (NSO) has released district-level labour market estimates for the first time under the Per...
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States should focus on attracting private investment, improving project quality and access to finance, and boosting capital spending, even amid fiscal constraints, Chief Economic Adviser V. Anantha Nageswaran said on Saturday.
Speaking on the concluding day of a two-day conclave of state finance ministers ...
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India’s merchandise exports surged 26% in August, with the first five months of FY27 reflecting an underlying momentum. But its import bill too is rising. So, policy should not merely focus on the size of the trade deficit, but on whether imports are strengthening India’s productive capacity, explains Ajay Sa...
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India’s latest GDP growth figures have faced criticism from former bureaucrats and policymakers regarding issues ranging from allegedly “sharp revisions” of previous quarter prints to a perceived lack of transparency in employing the double deflation method to compute estimates of real GDP.
Ministry of St...
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India’s exports to the four core BRICS economies of Brazil, China, Russia and South Africa surged 34% in April-August this year to $19.9 billion, from $14.9 billion in the corresponding period last year, signalling a sharp acceleration.
The growth in exports to the core BRICS members was substantially fast...
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Delhi is not among the world’s 100 highest-ranked cities today. However, by 2050, it could be one of the cities that reshapes the global economy. As per Oxford Economics’ Global Cities Index 2026, some of the cities that appear relatively unremarkable on today’s global league tables could become the engines o...
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MARKET & FINANCE
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Indian government bonds were muted on Monday, as softer Brent tempered anxiety over a US Treasury selloff and the Reserve Bank of India's liquidity-draining bond sales.
The benchmark 6.94% 2036 bond yield was at 7.0614% by 11:00 a.m. IST, barely moving from Friday's close, after rising 31 basis points over f...
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The credit-guarantee scheme for microfinance companies has failed to gain traction. Banks have sanctioned around Rs 8,500 crore under the scheme, well short of the Rs 20,000 crore, according to sources.
“Smaller MFIs struggled to raise funds, securing only about Rs 300 crore, while small and medium-sized l...
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Housing finance companies (HFCs) are seeking a wider pool of long-term funding beyond the National Housing Bank (NHB), particularly for affordable housing lenders, as bank funding remains largely short to medium term and access to longer-tenure capital remains limited.
Long-term funding is relatively expen...
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GLOBAL CORPORATE
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Venezuela Interim President Delcy Rodriguez on Saturday signed a memorandum of understanding with French oil and gas company Total Energies, according to local media.
It was the latest of a flurry of oil deals signed between multinational oil companies and Venezuela's new government, following the U.S.'s t...
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Around 7,000 humanoid robots were sold worldwide last year for industrial and professional service use, figures compiled by the International Federation of Robotics showed.
The relatively small number contrasts with forecasts for a boom in the coming years, particularly in China, the world's largest market f...
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Tue Vuong had secured four cargoes of wheat harvested from fertile lands around the Black Sea, roughly a fifth of what his milling company 5,000 miles away in Vietnam uses annually. Then he was told it wouldn’t get shipped following a summer escalation in Russia’s war with Ukraine.
“I was very panicked,” sai...
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A new shuttling system is reshaping the Middle East oil market, as producers seek to keep exports flowing despite the escalating regional conflict. The question now is whether this complex, expensive process is a stopgap measure or the global energy market's new normal.
Several miles off Oman's coast, south ...
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A global scramble for money to fund artificial intelligence (AI) infrastructure and rising government borrowing are driving up the cost of capital worldwide, forcing companies to tap debt and equity markets more aggressively, according to a new report by Goldman Sachs.
The bank says a surge in AI-related c...
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GLOBAL ECONOMY
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France's debt is expected to reach a record high of 119.3% of output in 2026, with a projected debt-to-GDP ratio of 121.7% in 2027, the finance ministry said on Saturday, in the latest indication of the country's deteriorating pub...
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Germany's economy is set to grow by nearly 1.2% in 2026, helped by stronger exports and government spending in the first half, according to new forecats by the German Economic Institute (IW) seen by Reuters on Sunday....
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Minneapolis Federal Reserve President Neel Kashkari said on Sunday that inflation is too high and is affecting all aspects of the US economy, not just oil prices.
"So even if we strip out energy, which is really volatile, and s...
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China kept its benchmark lending rates unchanged for the 16th straight month on Sunday, in line with market expectations....
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INDIAN CORPORATE
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NMDC is working on strategies to achieve the 60 MT iron ore production mark this fiscal to meet growing demand from domestic steelmakers for the key raw material, its Chairman Amitava Mukherjee said.
Aligned with the National Ste...
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US coffee chain Starbucks is set to establish its first Global Capability Centre (GCC) in India in Chennai, with the facility expected to create more than 800 technology jobs in Tamil Nadu.
The company signed a Memorandum of Unde...
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Adani Power will invest Rs 48000 crore in its upcoming 3,200 MW thermal power in Assam.
Assam chief minister Himanta Biswa Sarma on Sunday laid the foundation stone for Adani Power (APL) 3,200 MW ultra-supercritical thermal po...
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Welspun Corp said its associate company East Pipes Integrated Company for Industry (EPIC), a listed entity in Saudi Arabia, has secured a contract worth more than 771 million Saudi riyals (around Rs 2,000 crore) from Saudi Arabian...
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Premier Energies has commissioned India’s largest solar cell manufacturing plant. The company said in a regulatory filing that it has commissioned its 7 GW N-type TOPCon G12R solar cell manufacturing facility at Naidupeta in Andhr...
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GST
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This is an advance information to the all users – Taxpayers and Tax Officers, of GST System who use Digital Certificate Signature on the GST Portal.
A new version of emSigner (v3.3) is being made available for download for the purpose of providing compatibility with tokens (USB dongles) that are issued on ...
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