INDIAN ECONOMY
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India's exports grew around 15 percent in the April-July period this fiscal, commerce and industry minister Piyush Goyal said on August 12, highlighting the resilience of the country's external sector amid global trade uncertainty.For the June quarter, merchandise and services exports were estimated at $232.7...
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India was the world's sixth-largest economy in 2025-26, with a nominal gross domestic product of $3.92 trillion, according to the International Monetary Fund's April 2026 World Economic Outlook, Parliament was informed on Tuesday.
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It is an odd confession to make about a statistic, I realize, but then again I am an economist, so I am just going to go ahead: I love GDP. There. I said it.
GDP — for gross domestic product, the total market value of all final goods and services produced within a county’s borders — is in many ways the ideal...
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Russia has started importing petrol from India, as Ukrainian attacks on its refineries trigger severe local shortages, reported Bloomberg on Wednesday.
It’s the first time Moscow has imported the motor fuel from the South Asian nation, according to Kpler data, “with the lengthy journey required an indicati...
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Tucked away in temples, velvet pouches, and secret wooden drawers across India lies a staggering $5 trillion fortune doing absolutely nothing. It’s not stocks, cash, or even cryptos; it’s the nation’s favourite, age-old shiny obsession: gold (and jewellery).
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Fitch Ratings affirmed India’s sovereign rating at ‘BBB-‘ with a stable outlook on Tuesday. With this, the credit ratings agency has left the long-term issuer default rating, the ‘F3’ short-term rating and the country ceiling unchanged....
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The BRICS group of nations are discussing the possibility of linkages between their respective fast payment systems and central ?bank digital currencies (CBDCs), Reserve Bank of India (RBI) Governor Sanjay Malhotra said on Tuesday....
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India’s direct tax collections after refunds grew at an impressive 23.1% year-on-year to Rs 8.11 lakh crore during April 1-August 10, data released by the Central Board of Direct Taxes (CBDT) on Tuesday showed. The rise in direct tax mop-up was broad-based but was supported by a slowing pace of refunds....
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The Indian economy likely grew 8% in the April-June quarter, with the underlying momentum remaining broad-based, according to State Bank of India’s (SBI) research department. The projection is sharply higher than the Reserve Bank of India’s forecast of 7% for the quarter....
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Only seven Foreign Direct Investment (FDI) proposals have required approval of the Cabinet Committee on Economic Affairs (CCEA) since the floor above which projects need clearance from the top decision-making body was raised to Rs 5,000 crore in March 2016. Other than the FDI transaction of Rs 25,000 crore re...
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GLOBAL CORPORATE
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Nvidia is turning to some of the world's biggest financial groups to help fund the next phase of the artificial intelligence boom. Six Wall Street giants have joined the effort, which could raise more than $500 billion for Al infrastructure.
The firms: Apollo Global Management, Blackstone, BlackRock, Brookfi...
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Boeing said ?Tuesday ?that it delivered ?53 jets in July, five more than ?a year earlier, but a sharp drop from the ?64 jets it handed over ?in June. The U.S. planemaker trailed European rival ?Airbus, ?which delivered 67 planes in July.
Boeing also booked 30 ?new orders after adjusting for cancellations ...
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Britain's government ?will ?do what it can to ?help lower costs for business but against the backdrop of ?a "difficult financial outlook", Prime Minister Andy Burnham said in an interview on Wednesday.
Speaking to BBC ?Radio's 'Wake Up to Money' programme, Burnham ?said his government's budget, due on Oct...
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Norway's $2.3 ?trillion sovereign wealth ?fund, the ?world's largest, posted ?a ?record ?1.75 trillion Norwegian crowns ($184.3 billion) profit ?for the first half ?of the year, lifted ?by ?technology stocks, ?it said ?on Wednesday.
Late on Tuesday, ?it ?said for the first time ?it held a 0.05% stake wort...
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Taiwan's Foxconn, ?the ?world's largest contract electronics ?maker, reported on Wednesday a 35% rise ?in second-quarter profit, beating analyst forecasts, on continued strong demand ?for AI, which it predicted ?would drive growth this year.
Net profit for the ?April ?to June period for Nvidia's biggest se...
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Oracle is reportedly planning another round of job cuts as the cloud giant looks to reduce payroll while spending billions of dollars to build AI infrastructure.The potential layoffs could affect double-digit percentages of employees on some teams, Business Insider reported, citing people familiar with the pl...
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Global spending on infrastructure designed for artificial intelligence (AI) workloads is expected to almost double in 2026, according to Gartner.
As per the report, total AI-optimized IaaS (Infrastructure as a Service) in 2025 was at $21.5 billion. In 2026, it increased to $42.2 billion. This is 96.4% incr...
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GLOBAL ECONOMY
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Brazil's annual ?inflation ?eased in July, broadly ?in line with market expectations, data from statistics ?agency IBGE showed on Tuesday, returning to the central bank's tolerance range ?as the effects of ?tight monetary policy c...
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Federal Reserve Bank of Chicago President Austan ?Goolsbee ?is more concerned about too-high inflation ?than about any labor market weakness, though it is not clear if that worry ?translated into support for the interest-rate hike...
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Global youth unemployment increased ?in ?2025 as weaker economic growth, geopolitical ?tensions and sluggish job creation made it harder for young people to find ?work, the International Labour Organization said on Wednesday, warn...
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Japanese business confidence ?improved ?in August as manufacturers ?benefited from robust semiconductor demand while non-manufacturers were supported ?by strong domestic consumption, the latest Reuters Tankan survey showed....
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U.S. consumer prices likely increased moderately in July, which ?could ?further reduce financial market expectations for the Federal Reserve ?to raise interest rates this year.
The Labor Department's Consumer Price Index report...
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Malaysia's economic growth likely ?accelerated ?in the second quarter, supported ?by strong exports and resilient domestic demand, according to a Reuters ?poll.
Gross domestic product was expected to have grown 5.8% year-on-yea...
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INDIAN CORPORATE
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India's Vodafone Idea reaffirmed plans to grow revenue by double digits, triple cash EBITDA and invest 450 billion rupees ($4.72 billion) in its network over three years, CEO Abhijit Kishore said during an earnings call on Tuesday...
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Petronas subsidiary Gentari has put its green mobility unit in India on the block after an unsuccessful attempt to divest a significant minority stake in its renewable generation unit in the country last year, according to people ...
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NBCC reported a 17.01% year-on-year (YoY) increase in its Q1FY27 consolidated net profit to Rs 158.01 crore, from Rs 135.03 crore reported in Q1FY26.
Revenue from operations of NBCC declined 5.56% YoY to Rs 2,259.53 crore in Q1...
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Vodafone Idea is in discussions with a consortium of public sector banks led by State Bank of India (SBI) for additional debt funding and is “hopeful of closing” the deal, as the telecom operator looks to secure financing for its ...
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Tata Sons Chairman N Chandrasekaran has resigned from his post, but will complete his current term at the principal holding company of India’s $400-billion Tata Group.
Chandrasekaran joined the Tata group in 1987. He became TCS...
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