INDIAN ECONOMY
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Rising global crude oil prices could increase India's inflationary pressures by up to 1 percentage point through higher diesel and logistics costs, while also affecting household savings, lending and economic growth, according to Gaurav Moda, Partner and Energy Industry Leader at EY India.
Speaking exclusi...
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Corporate India’s white-collar hiring in October grew 14% from a year earlier, driven by production and manufacturing roles, according to a report.
Hiring for production and manufacturing functions grew 39%. AI/ML roles saw a 32% increase in hiring, continuing a run of strong growth, while global capabilit...
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The National Land Monetization Corporation (NLMC) has helped public sector companies monetise assets worth over Rs 9,000 crore so far in the current financial year, according to Rohan Chand Thakur, chief executive officer, NLMC.
Assets worth Rs 6,000 crore are expected to be monetised in the rest of FY27, ...
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MARKET & FINANCE
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Debt issuances by corporates have gathered steam over the past couple days, as government bond yields have rallied on the back of softer oil prices. The pickup in issuance this week also reflects a view among traders that the current window of relatively low borrowing costs may not last.
The aggregate prop...
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GLOBAL CORPORATE
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Hong Kong's economy expanded by 5.2% in the third quarter from a year earlier, official advance estimates showed on Tuesday, the 15th consecutive quarter of growth underpinned by accelerating exports and solid domestic demand.
• It compared with a mean forecast of 3.6% year-on-year growth by 10 economists ...
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Tesla's China-made electric vehicle sales grew at a faster annual pace in October, data from the China Passenger Car Association showed on Tuesday.
Deliveries of Model 3 and Model Y vehicles produced at its Shanghai plant, including exports to Europe, Asia Pacific and Canada, rose 10.3% year-on-year to 67,...
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DuPont raised its annual profit forecasts on Tuesday and projected fourth-quarter earnings above Wall Street estimates as strong demand in its healthcare, aerospace and industrial water markets helped drive a third-quarter earnings beat.
The industrial materials maker has been streamlining its portfolio an...
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Toyota is forecast to report its first increase in operating income in six quarters on Thursday, as a weaker yen and robust demand for its more profitable hybrid vehicles offset slumping sales in China and the Middle East....
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Meta Platforms said on Tuesday it is raising $15 billion through a five-part US dollar bond offering, as the Facebook parent turns to debt markets to help finance its accelerating investments in AI infrastructure.
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RBI
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The RBI on Tuesday eased foreign-exchange reporting rules for services exports and imports, exempting certain transactions of up to Rs 10 lakh from separate filings under the revised framework that requires the Export Declaration Form....
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GLOBAL ECONOMY
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New orders for US factory goods increased more than expected in September, boosted by bookings for aircraft and a range of other goods, government data showed on Tuesday.
Factory orders rose 1.8% after an upwardly revised 0.3% ...
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Private sector analysts polled by Mexico's central bank edged up their expectations for headline inflation this year and 2027, while also nudging up their economic growth estimates for both years, the bank said on Tuesday.
Head...
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New Zealand's jobless rate rose to 5.7% in the third quarter, its highest level since 2015, while employment fell 0.1% from the previous quarter, according to data released by Statistics New Zealand on Wednesday. ...
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China's services activity in October expanded at its slowest pace since July, with business confidence easing as firms grappled with fierce competition and rising costs, a private-sector survey showed on Wednesday.
The RatingDo...
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US job openings increased sharply in September while layoffs fell, supporting economists' views that the labor market remained on firmer footing despite tepid employment gains during that month.
Job openings, a measure of labor...
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INDIAN CORPORATE
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Air India expects to return to profitability “very soon”, its chief executive Tewolde Gebremariam said on Tuesday, adding that he was more impatient to see the loss-making airline turn profitable than its shareholders. The airline...
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The National Stock Exchange of India (NSE) on Tuesday reported a 23% year-on-year increase in consolidated net profit to Rs 2,578 crore for the second quarter of FY27, compared with Rs 2,098 crore in the corresponding quarter last...
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By Abhijit Lele
State Bank of India’s (SBI) on Tuesday reported double digit growth in its net profit and net interest income for the July-September quarter beating the analyst estimates. The country’s largest lender’s standalo...
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Footwear retailer Bata India reported a 30.45% year-on-year increase in consolidated net profit to Rs 18 crore in the September quarter, compared with Rs 13.9 crore in the corresponding period last year, while revenue from operati...
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Pharma major Lupin posted a double-digit decline in its Q2 FY27 net profit, as increased competition and loss of key products affected the company’s financial performance. For the second quarter of FY27, Lupin’s net profit fell 22...
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Tata Motors and Iveco Group will pursue global growth through product synergies, localisation and technology sharing, with India emerging as a key manufacturing base. The partnership will initially explore semi-knocked-down (SKD) ...
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