INDIAN ECONOMY
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India is likely to pitch a cross-border digital payment system at the 18th BRICS Summit, scheduled to be held in New Delhi on September 12 and 13, government sources aware of the matter said.
A senior government official clarified that de-dollarisation or the creation of a BRICS currency is not currently o...
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Area under paddy declined 4% to 42.18 million hectares (Mha) in the ongoing kharif season compared to the previous year owing to deficient monsoon rains, the Agriculture Ministry said on Tuesday.
“Overall, the decline in rice area coverage is mainly attributable to substantial reductions in Karnataka, Tela...
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As the delayed monsoon hampered the kharif sowing schedule and dampened consumer sentiment, the country’s average wage rate declined by 1.5% in July. This was the fifth monthly decline in the 12-month period ending July.
Data from the Centre for Monitoring Indian Economy (CMIE) show that the real wage rat...
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A renewed surge in crude oil towards $100 a barrel rattled Indian financial markets on Tuesday, sending the rupee to its steepest fall in nearly two months and dragging benchmark equity indices to three-month lows.
The rupee ended at 94.82 against the dollar, down 34 paise from its previous close, accordin...
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India’s consumer price index (CPI) inflation likely rose to a 20-month high of 4.8% in August driven by higher food prices, according to an FE poll of 13 economists.
A quicker increase in prices in August would mark the 10th consecutive month of rise in retail inflation. It would also be the third consecut...
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The Strategy for BRICS Economic Partnership 2030 is set to emerge as the central economic deliverable of the upcoming BRICS summit in New Delhi, with members seeking to provide the grouping a longer-term roadmap for trade and investment as US tariff actions and geopolitical tensions reshape global supply chai...
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GLOBAL CORPORATE
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After months of negotiations, JSW Group and Skoda Auto Volkswagen India Pvt Ltd have signed a non-binding agreement with Skoda Auto Volkswagen India?to explore a strategic partnership in India.
While the two companies have yet to announce any proposed shareholding structure, JSW Group is expected to hold a...
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The US and Canada trade dispute escalated on Tuesday (local time) with Washington announcing fresh restrictions on Canadian goods, after Ottawa introduced new tariffs on American products.
The latest US measures will hit Canadian alcohol, dairy products, motorcycles and mopeds, while Canadian goods will also...
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Alphabet's Google on Tuesday rolled out changes ?to ?its online search results in Europe ?to satisfy EU antitrust regulators, a move which it said will degrade users' ?experience and ratchet up costs for European businesses.
The changes mark the largest reduction in quality of service at the world's most ?...
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Disruptions in the Strait of ?Hormuz ?could push small and medium-sized ?businesses out of global supply chains, increasing economic concentration and weakening ?the resilience of international trade, the United Nations Conference on Trade and Development said on Tuesday.
• ?Rising energy bills, freight ra...
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Boeing ?said on Tuesday that ?it delivered 51 jets in August, a ?slight dip from the previous month and down from 57 ?jets a year earlier, as ?the number of 787 Dreamliners handed to customers ?declined.
• ?The U.S. planemaker delivered only four 787s, down from nine ?the prior August. A spokesperson said ...
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Business confidence ?among ?big Japanese manufacturers climbed in ?September to its highest level since December 2021, buoyed by ?robust semiconductor and data-centre-related demand, a Reuters monthly poll showed on Wednesday.
The Reuters Tankan ?sentiment index for manufacturers rose ?to plus-21 from plus...
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Following are facts about Venezuela's mining sector, which is ?attracting ?interest from U.S. President Donald Trump's administration.
CONFUSION ?OVER RESERVES AND RESOURCES
In 2019, then-Venezuelan President Nicolas Maduro and Delcy Rodriguez, who is ?acting president, announced a five-year mining plan...
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Cognizant’s US green-card filings have been suspended amid an investigation into possible fraud and misuse of employment visa programmes, Inspector General Anthony D’Esposito of the US Department of Labor said on X.
The announcement could affect foreign employees whose employers are preparing or continuing...
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Cognizant’s US immigration practices have come under renewed scrutiny after the Department of Labor suspended the company’s filings for employment-based green cards amid an investigation into alleged fraud and abuse in visa programmes.
Anthony D’Esposito, Inspector General of the US Department of Labor, an...
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GLOBAL ECONOMY
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The Bank of England will hold Bank Rate at 3.75% ?for ?the rest of the year and through at ?least mid-2027, according to a Reuters poll of economists who still judge inflation is not strong enough for a ?majority of policymakers t...
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Consumer ?prices in ?Chile rose 0.6% in ?August from the previous month, ?data from statistics agency ?INE showed on ?Tuesday, ?exceeding a prediction of a 0.3% increase ?in a Reuters poll of economists....
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Japan's economy grew faster than initially ?estimated ?in the April-June quarter from the ?previous three months, supported by business spending that was less weak than the ?first reading, revised data showed on Tuesday....
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Japanese ?Finance ?Minister Satsuki ?Katayama said on Tuesday that Tokyo ?and Washington remain aligned in their ?approach to currency markets ?and will continue close ?communication ?to ensure orderly foreign exchange movements....
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German exports unexpectedly fell ?in ?July, as weaker shipments to ?European Union countries and China underscored the fragility of a ?trade-led recovery in Europe's largest economy....
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South ?Africa's ?economy shrank for the ?first time in almost two years in the second ?quarter of 2026, official data showed on Tuesday, as the Iran ?war depressed domestic demand and ?the mining and manufacturing sectors performe...
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Britain sold £4.25 billion ($5.75 billion) of 30-year ?bonds ?on Tuesday with the highest yield since ?comparable records began in 1998, as rising global borrowing costs cast a shadow over new finance ?minister John Healey's plans...
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INDIAN CORPORATE
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PhonePe, the country's largest digital payments app, is expanding beyond its UPI-led payments model with a suite of card-based offerings in partnership with card network player Visa, The Bengaluru-based fintech firm on September 9...
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Rating agencies Moody's and S&P assigned investment-grade ratings to Sun Pharmaceutical Industries -- India's largest pharmaceutical company -- over the proposed USD 11.75-billion acquisition of US-based Organon & Co.
S&P Global ...
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Singapore Airlines, backed by state investor Temasek, is expected to seek greater influence over management and stronger governance rights before approving a capital injection into Air India, said two people familiar with the matt...
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Larsen & Toubro Limited (L&T) on Wednesday announced its energy hydrocarbon offshore business has secured a 'large' offshore order from state-run Oil and Natural Gas Corporation (ONGC) for additional development projects off India...
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Serentica Renewables is looking to build a dedicated infrastructure platform for data centres and could invest Rs 15,000-18,000 crore over four-five years in renewable energy capacity linked to a potential 1-GW power purchase agre...
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Adani Airport Holdings (AAHL) has signed binding agreements to raise Rs 9,825 crore, or roughly $1 billion, in fresh equity from a group of domestic and global investors. The deal values the airports arm at a pre-money valuation o...
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State-run National Aluminium Company Ltd (NALCO) has signed a technology licensing agreement with Emirates Global Aluminium (EGA) to deploy the UAE company’s DX+ Ultra aluminium smelting technology for its proposed 0.5-million-ton...
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