INDIAN ECONOMY
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The Indian economy can escape the 'middle-income trap' with substantial investments in education, healthcare, and infrastructure, French economist and inequality specialist Thomas Piketty said on Tuesday, stressing that involvement in global coalitions is essential to driving inclusive and sustainable growth....
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Beijing, India and China discussed deepening energy cooperation as a senior Chinese oil corporation executive met Petroleum and Natural Gas Minister Hardeep Singh Puri in New Delhi on Monday.
China National Petroleum Corporation (CNPC) Chairman Dai Houliang met with Puri in New Delhi, with the two sides exch...
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China said Monday it stands ready to work with India to "properly" address each other's economic and trade concerns in a balanced manner and better benefit enterprises and people of both countries.
The statement came a day after Chinese commerce minister Wang Wentao met commerce and industry minister Piyush ...
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The Indian economy can escape the 'middle-income trap' with substantial investments in education, healthcare, and infrastructure, French economist and inequality specialist Thomas Piketty said on Tuesday, stressing that involvement in global coalitions is essential to driving inclusive and sustainable growth....
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India’s electric two-wheeler boom is no longer a race limited to legacy OEMs and new-age start-ups. Smaller brands such as Greaves Electric Mobility, River Mobility, Bgauss Auto and Simple Energy are clocking record volumes, prompting several players to raise funds for capacity expansion as they surpass their...
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Food inflation, as measured by the recently revised consumer food price index, continued to move upwards to touch 5.95% in August, primarily because ginger, garlic, onion, sugar, chicken, and edible oils became costlier.
Sequentially, the all-India Consumer Food Price Index (CFPI) rose by 0.92% last month ...
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Transfer of subsidies and welfare benefits through the Direct Benefit Transfer (DBT) system has reached Rs 2.08 lakh crore so far in the current financial year, with fertiliser, food and a range of welfare and rural-development schemes accounting for the bulk of the payouts.
Fertiliser subsidy is the large...
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Wholesale price index (WPI) inflation in India rose to 9.92% in August, staying near the 10% mark for the fourth consecutive month, data released by the commerce ministry on Monday showed.
The rise in wholesale inflation last month, from 9.78% in July, was primarily driven by higher fuel prices.
Wholesa...
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Retail inflation, as measured by the Consumer Price Index (CPI), rose to a 20-month high of 4.82% in August due to a broad-based rise in prices. However, the spike stemmed primarily from elevated prices of several food items including edible oils and sugar, according to data released by the statistics ministr...
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India and China have signalled a renewed push to stabilise economic ties, with Chinese Commerce Minister Wang Wentao meeting Commerce and Industry Minister Piyush Goyal in New Delhi over the weekend and stressing Beijing’s readiness to address bilateral trade and economic concerns.
“China stands ready to w...
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Once again, GDP turned into a reality show. Real GDP growth in the first quarter of this fiscal year was 7.8%. A solid eight! But it is not likeable, it seems.
Former Finance Secretary Subhash Chandra Garg didn’t buy it. He recalculated nominal GDP growth at 2.6%, while the real growth was zero. Opposition...
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MARKET & FINANCE
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A global bond market selloff is putting the Federal Reserve's interest-rate decision under intense scrutiny, with investors divided over whether another rate hike or a pause would pose the bigger risk to the economy and financial markets, Reuters reported.
The Fed is widely expected to raise its benchmark ...
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India's medium-term economic growth is expected to be driven by strong domestic consumption, sustained public infrastructure spending and a revival in private investment, while rising per-capita income is likely to sustain this growth and support a higher growth trajectory by 2030, according to a report by Cr...
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Benchmark 10-year Treasury yields hit the key psychological level of 5% on Monday for the first time since October 2023 ahead of this week’s Federal Reserve meeting, at which the U.S. central bank is widely expected to raise interest rates.The milestone is a threshold that analysts say could ripple through th...
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The Ministry of Finance has clarified that banks and system providers cannot levy charges on UPI transactions of up to Rs 2,000 or on payments made using RuPay debit cards. The ministry has notified the changes in the Payment and Settlement Systems Act, 2007 (51 of 2007). The provision bars banks and system p...
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SEBI’s proposed changes to the Closing Auction Session could ease expiry-day volatility and reduce uncertainty for derivatives traders, according to Jefferies and Anand James of Geojit Investments. Jefferies said the proposals are positive for brokers and exchanges, while James elaborated that the consultat...
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GLOBAL CORPORATE
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Chinese electric vehicle maker BYD plans to launch its first heavy-duty truck in Europe next year and ultimately manufacture trucks locally, a senior executive said at the IAA trade fair in Hanover on Monday.
"For the long term, we will produce everything we sell in Europe here locally," said Stella Li, BY...
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The European Union will propose a ban restricting under 15s from social media, video sharing platforms, AI chatbots and online games, in the most sweeping plan yet to protect children from online dangers, a European Commission document seen by Reuters shows.
Concerns have mounted globally about the imp...
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U.S. Interior Secretary Doug Burgum said on Monday that a ban on U.S. oil or fuel exports would be unlikely to help lower energy prices for consumers amidst the Iran war.
"We would consider an export ban if we thought that actually might lower prices, but that's not the case," Burgum told reporters at a G...
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Chevron is looking to expand its global gas portfolio from Argentina to the Mediterranean to meet growing demand from buyers concerned about energy security due to the crisis in the Middle East, President of Global Gas Freeman Shaheen said. Global gas markets have experienced two major disruptions in the past...
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A year after shifting production and sourcing out of China to avoid higher U.S. tariffs, some companies are learning that replicating the country's factory ecosystem is not so easy and are bringing manufacturing back.
Last year, as President Donald Trump's tariffs set off a global rush to diversify supply ...
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India’s domestic air travel growth is expected to remain the fastest in the Asia-Pacific region, with Airbus raising its forecast to 9.3% from 8.9%, a Reuters report said, citing the aircraft maker’s latest 2026-2045 market forecast.
The aircraft maker has also said it has not seen any softening in demand or...
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GLOBAL ECONOMY
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President Volodymyr Zelenskiy said on Monday that Kyiv was ready to support a U.S. proposal for a Russia-Ukraine ceasefire on energy sites only if Washington could ensure Moscow was genuinely ready to end its war on Ukraine.
Ze...
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Canada's annual inflation growth rate held at 3% in August, same as last month, as crude prices continued to stay firm affecting gasoline costs and food prices cooled only moderately, data showed on Monday....
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Europe must become a producer of artificial intelligence technology, partly to preserve its own autonomy and achieve the efficiency gains needed to maintain its way of living, ECB President Christine Lagarde said on Monday....
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China's industrial output grew 5.2% from a year earlier in August, quickening from a 4.5% increase in July, data released by the National Bureau of Statistics showed on Tuesday.
The reading exceeded expectations for a 4.8% rise...
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Japan's government is set to finalise on Tuesday an outline for a consumption tax cut and payouts to households with no mention of how to fund the measures, a move that may keep alive market concern over the nation's already strai...
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The Finnish economy is growing at a quicker pace than previously projected, driven by exports and investment, and is likely to push unemployment down from the current double-digit level, the country's central bank said on Tuesday....
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Britain's jobs market stayed weak with vacancies at a four-year low and pay growth steady, according to data published two days before the Bank of England is expected to keep interest rates on hold despite mounting inflation press...
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Germany's economic momentum slowed at the start of the third quarter, the economy ministry said in its monthly report on Monday, as a boom in energy-intensive industries fades and domestic consumption weakens amid higher energy pr...
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China's industrial output grew 5.2% from a year earlier in August, quickening from a 4.5% increase in July, data released by the National Bureau of Statistics showed on Tuesday....
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INDIAN CORPORATE
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Realty firm Jaypee Infratech, acquired by Suraksha Group through insolvency, on Monday said it will invest about Rs 3,000 crore over the next two years to complete all stalled housing projects and asserted that all stuck homebuyer...
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ET Intelligence Group: Shares of Larsen & Toubro (L&T) have declined 3.6% over the past month amid broader market volatility. However, analysts remain bullish on the stock, projecting 13-16% upside from Friday's closing price of R...
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Auto parts maker Samvardhana Motherson International has committed to invest Rs 11,000 crore in Tamil Nadu, with the potential to create around 7,000 jobs across design, engineering, manufacturing, assembly and logistics. An MoU t...
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Japanese equipment major Horiba on Monday said it plans to double its India revenue over the next five years and seeks to engage with chipmakers as the country’s semiconductor sector matures.
The company currently generates clo...
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Solar Industries India is set to acquire South Africa’s Omnia Holdings for $1.355 billion (around Rs 12,951 crore) in an all-cash transaction, significantly expanding its international mining and explosives platform as the Nagpur-...
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EET Retail, the retail arm of Essar Energy Transition Fuels, has acquired UK-based petrol station operator SGN Retail, creating the UK’s second-largest backward-integrated forecourt operator.
The deal is estimated at £400 milli...
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