INDIAN ECONOMY
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Net financial assets of households moderated to Rs 21.4 lakh crore or 6.2% of GDP in FY26, compared with Rs 22.3 lakh crore or 7% of GDP in the previous year as financial liabilities grew sharply, data from RBI’s July Bulletin show.
Financial liabilities rose to Rs 21.4 lakh crore or 6.2% of GDP in FY26 as...
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While the uneven progress of the southwest monsoon has delayed kharif sowing, its impact on food inflation is likely to be limited, the Reserve Bank of India’s staff said in its July Bulletin. High public foodgrain stocks should provide some cushion against price pressures, the central bank staff said.
“Th...
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India’s annual crude import bill could rise by $8-10 billion if Houthi threats force Saudi oil tankers to avoid the Red Sea, adding a fresh supply risk alongside tensions around the Strait of Hormuz. The first operational response to the deteriorating security situation is already visible. According to Marine...
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ndian exporters whose goods were subject to reciprocal and penal tariffs in the US market for about ten months since April, 2025 may recoup as much as $7-8 billion. The US Customs and Border Protection (CBP) has started settling the claims regarding these levies which the US Supreme Court invalidated, a senio...
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Rising foreign fund inflows have helped improve India's balance of payments position and strengthened confidence in the country's growth story, even as lingering geopolitical tensions in West Asia and inflationary pressures continue to pose risks, according to the Reserve Bank of India's (RBI) monthly bulleti...
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Only 27.7% of rural households reported an increase in their income compared to previous year, according to the latest survey by the National Bank for Agriculture and Rural Development (NABARD).
This is the lowest proportion of the population stating that their income has increased since NABARD launched th...
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The US is set to announce its final action on a Section 301 investigation into 60 major trading partners, including India, over concerns about forced labour in imported goods. The Section 301 law allows the US to act against unfair trade practices. It can also be used to impose tariffs or take other retaliato...
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MARKET & FINANCE
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The Reserve Bank of India (RBI) was a net seller of $6.1 billion in the foreign exchange market in May, data released on Wednesday showed, as heightened volatility in global energy markets and geopolitical tensions weighed on emerging-market currencies, including the rupee.
The central bank purchased $22.2...
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GLOBAL CORPORATE
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A new 25% US tariff on a range of Brazilian goods came into effect on Wednesday, escalating trade tensions between the United States and Brazil despite Washington maintaining a trade surplus with the South American nation.
The new duties apply to products including farm machinery, wood products, ethanol and ...
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Google-parent Alphabet has become the first company in the world to report more than $100 billion in quarterly profit, setting a new corporate record. In its second-quarter earnings released on July 22, the company posted a net income of $112.1 billion, nearly four times higher than a year ago. According to F...
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President Donald Trump is set to unveil on Thursday a pledge backed by governors, lawmakers, utilities and data center developers aimed at shielding households from electricity costs tied to the AI boom, as he pushes to make the United States the global leader in artificial intelligence.
It extends Trump's...
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The Brazilian government announced 18.5 billion reais ($3.66 billion) in financing for companies hit by the new U.S. tariffs valid as of Wednesday, adding the resources will also target firms hurt by international conflicts.
In a statement, the administration of President Luiz Inacio Lula da Silva said 13....
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IBM cut its annual revenue growth forecast on Wednesday, days after shocking Wall Street with a warning that corporate spending was shifting toward AI-focused data-center gear at the expense of its software and mainframe computers.
The company also missed profit and revenue expectations for the second quar...
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Nokia reported a bigger than expected rise in its quarterly comparable operating profit on Thursday, as the Finnish telecom gear maker got a boost from artificial intelligence and cloud customers, and expects the growth to continue.
Comparable operating profit jumped 18% to 434 million euros ($496.11 milli...
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Hyundai Motor reported a 21% fall in second-quarter operating profit on Thursday, missing analysts' estimates, as weaker vehicle sales, production disruptions, and higher costs offset support from a weaker won.
The weaker results highlight mounting challenges facing the auto industry, as carmakers contend ...
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Tesla CEO Elon Musk on Wednesday left the door open to the EV maker merging with his other trillion-dollar-plus-valued firm SpaceX, declining to dismiss the possibility and citing growing overlap between the companies.
"As you can tell from the many collaborations on so many fronts with SpaceX, there's mor...
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Nestlé expects to receive about €3 billion ($3.43 billion) in cash from the carve-out of its global water business into a 50:50 joint venture with US private equity firm Platinum Equity, as the Swiss food giant sharpens its focus on higher-growth core brands.
The new company, to be named Peranel, has been ...
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Tesla reported negative free cash flow in the second quarter for the first time in more than two years as the Elon Musk-led EV maker accelerated spending on AI infrastructure, battery capacity, robotaxis and next-generation manufacturing.
Tesla reported negative free cash flow of $1.1 billion, compared wit...
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Banking
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A sharp collapse in capital market mobilisation pushed bank credit to the forefront of funding for the commercial sector in the first quarter of FY27, with non-food bank lending rising more than ten-fold and driving a surge in overall resource flows.
The total flow of financial resources to the commercial se...
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Foreign banks have exhibited the strongest transmission of the Reserve Bank of India's policy easing during the current rate-cut cycle, lowering both lending and deposit rates more sharply than their public and private sector peers, according to the RBI's bulletin.
In its monthly bulletin released on Wedne...
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The new liquidity coverage ratio (LCR) norms that took effect in April have helped banks improve their ratio as well as freed up liquidity to support credit growth at a time when deposit growth is lagging.
Under the revised norms, deposits from non-financial entities such as trusts (educational, charitable...
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GLOBAL ECONOMY
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Pakistan continued to lean towards foreign funding in the last fiscal year, with total inflows touching around $27 billion. Saudi Arabia and China continued to roll over billions of dollars in loans, according to a provisional rep...
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South African inflation picked up more sharply than expected in June, bolstering expectations that the central bank will deliver a second consecutive interest rate hike on Thursday....
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Escalating hostilities between the United States and Iran could reignite inflation, drive interest rates higher and knock global growth back to as low as 1.3%, down from 2.9% last year, World Bank chief economist Indermit Gill tol...
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Italy is "cautiously optimistic" about a downward revision of its 2025 deficit, the economy minister said on Wednesday, reviving hopes that the country might later this year exit a European Union infringement procedure for its exc...
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U.S. Trade Representative Jamieson Greer said on Wednesday he hoped to strike some interim trade deals with Mexico and Canada this year while tackling thornier changes to the U.S.-Mexico-Canada Agreement in 2027, his strongest sig...
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South Korea's economy grew faster than expectations in the second quarter, driven by a semiconductor export boom that offset a decline in construction investment, advance estimates from the Bank of Korea showed on Thursday....
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Australian employment surged past all expectations in June, data showed on Thursday, in a sign of economic resilience that had markets wagering another hike in interest rates would be needed to restrain inflation....
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INDIAN CORPORATE
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The liabilities of Mahanagar Telephone Nigam Ltd (MTNL) have risen to Rs 40,000 crore in 2025-26 from Rs 30,960 crore in 2021-22, communications minister Jyotiraditya Scindia said in a written reply to Parliament on Wednesday.
...
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Food delivery giant Eternal on Wednesday reported a consolidated net profit of Rs 92 crore for the first quarter of FY27, registering a 268% year-on-year (YoY) jump from Rs 25 crore in the corresponding quarter last year.
The n...
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Blackstone has partnered with former HDFC Ergo managing director and chief executive Anuj Tyagi to launch a general insurance company, people familiar with the development said. This would be the first proposed new insurance ventu...
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Pharma major Cipla on Thursday reported a net profit of Rs 789 crore for the first quarter of FY27, marking a sharp 39% decline from Rs 1,298 crore posted in the same quarter of the previous financial year. The net profit is attri...
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Bharat Petroleum Corporation posted a consolidated net loss of Rs 1,872 crore for Q1FY27, against a net profit of Rs 6,839 crore reported in the year-ago period. On a sequential basis too, the PSU reported a loss against its net p...
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Pharma major Dr Reddy’s Laboratories posted its Q1FY27 net profit at Rs 443.5 crore, declining 69% year-on-year from Rs 1,417.8 crore reported in Q1FY26. However, on a sequential basis, its consolidated net profit surged 97% from ...
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Food major Nestle India‘s June quarter profit, revenue and operating margins beat street estimates, as demand for packaged food and beverages, including Munch chocolates, Maggi noodles and Nescafe remained robust. The performance ...
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The Defence Research and Development Organisation (DRDO) has signed two major agreements with AI Engineering Services Limited (AIESL) and Adani Defence Systems and Technologies Ltd (ADSTL) for the development and production of the...
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