INDIAN ECONOMY
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India is projected to have 10.8 crore affluent consumers by 2036, marginally surpassing China's 10.3 crore, according to the latest report by NielsenlQ (NIQ) and World Data Lab.
The report defines affluent consumers as people spending more than $90 a day, making it a spending category rather than a measure o...
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India is enhancing its focus on South America as part of its trade diversification strategy, particularly Chile, Argentina, and Brazil, which present significant export opportunities and are expected to strengthen trade ties during Commerce Secretary Rajesh Agrawal's visit from August 24 to 28, an official sa...
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India is in negotiations with at least 8-9 more groups of countries and individual nations that together account for another USD 15 trillion of GDP, Commerce and Industry Minister Piyush Goyal said on Monday.
He added that the country's free trade agreements would eventually cover about 75 per cent of global...
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Growth in India’s private sector activity improved slightly in August after falling to an over four-year low in July, S&P Global said on Friday. A recovery in services sector growth offset the slowest rise in manufacturing output in five years.
The HSBC Flash India Composite Purchasing Managers’ Index (PMI...
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A key economic data point is set to be released next week – the Q1 GDP number is due on August 31. Despite the global tension, India’s economy continues to show resilience and is likely to post 7.3% growth in Q1, as per Care Edge Rating.
The rating agency has also revised its FY27 GDP growth projection to...
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For decades, the United States acted as the buyer of last resort for the world’s manufacturing economies. Asia produced, America consumed and the dollars that flowed out of the United States came back as purchases of US Treasuries.
That loop is coming apart and a new research note argued that India is stan...
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With a better assessment of the impact of the West Asia crisis on the economy and lower-than-anticipated subsidy pressures, the Centre is hopeful of containing the fiscal deficit at around the Budget Estimate (BE) of 4.3% of GDP for FY27, despite the revenue loss from the recent cut in petrol and diesel excis...
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MARKET & FINANCE
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Foreign Portfolio Investors (FPIs) have accelerated buying in Indian equities this month, infusing Rs 23,544 crore so far as improving quarterly earnings, a stable rupee and better market prospects lift sentiment.
The inflow comes after FPIs invested Rs 20,200 crore in July, marking a sharp turnaround from f...
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India’s alternative investment market could expand more than five-fold to over $2 trillion by 2034, driven by rising participation from wealthy investors and a growing search for assets that offer higher returns and move differently from public markets, according to a Julius Baer-EY report.
The study estim...
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GLOBAL CORPORATE
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Battery electric vehicle registrations in Europe continued to rise in July, with electric cars accounting for more than one in four new vehicles sold as strong growth in France and Germany offset weaker demand in some other markets.
Battery electric vehicle, or BEV, registrations across 16 key European mar...
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Chinese smartphone maker Xiaomi on Monday unveiled a new version of its in-house Xring smartphone processor, betting that deeper control over key components will help strengthen its supply chain and reduce reliance on external chip suppliers.
The introduction of Xring O3 comes a year after Xiaomi launched it...
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Nvidia is in talks to invest in Perplexity as part of an equity funding round that would value the AI startup at more than $30 billion, The Information reported on Sunday, citing people with knowledge of the discussion.
The funding round would increase Perplexity's valuation by more than 50% from its previ...
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Broadcom is in talks with a group of lenders to raise between $70 billion and $80 billion in debt, according to Bloomberg. The overall financing package could eventually reach $100 billion.
The money would be used to build more custom AI chip capacity for artificial intelligence companies, with Anthropic ...
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Banking
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State Bank of India's total business could potentially double to around Rs 200 lakh crore by 2030, when the bank celebrates its platinum jubilee, given the current growth trajectory, Chairman C S Setty said.
SBI came into existence on July 1, 1955 through an Act of Parliament, which, among other things, pr...
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Indian banks are in their best shape in a decade, with non-performing assets (NPAs) near historic lows and balance sheets strengthened by robust capital buffers, Motilal Oswal Financial Services Ltd said in a post on social media platform X.
The financial services firm highlighted the significant improvement...
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GLOBAL ECONOMY
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US fiscal deterioration is emerging as a growing risk for global markets, with rising Treasury yields potentially putting pressure on equities and limiting the Federal Reserve's room for manoeuvre, brokerage firm Jefferies said in...
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Britain's economic productivity is starting to show signs of sustained improvement, economists said on Monday, potentially marking the end of a prolonged slump that began around the 2008 financial crisis and appeared to worsen aft...
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A look at the day ahead in European and global markets from Wayne Cole.
It's been a nervy start to the week for markets in Asia with the main move being a 1.5% drop in oil prices as investors await details of President Trump's ...
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Singapore's key consumer price gauge rose 2.0% in July from a year earlier, official data showed on Monday.
The core inflation rate, which excludes private road transport and accommodation costs, was lower than the median forec...
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The UK labor market continued to weaken last month and inflationary pressures mounted on higher energy costs.
In the euro area, private-sector business activity expanded modestly even as a gauge of the French economy sank deeper ...
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Iran has discovered more than 7.5 trillion cubic feet (212.4 billion cubic metres) of natural gas in a field in the southern part of Fars province, Oil Minister Mohsen Paknejad said on Sunday, reported Reuters citing Iranian state...
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US Treasury Secretary Scott Bessent said the United States does not need to create as many jobs as it did in the past because deportations and lower immigration under President Donald Trump have reduced the size of the workforce....
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INDIAN CORPORATE
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Larsen & Toubro (L&T) on Monday said it signed an ultra-mega contract worth more than Rs 15,000 crore to build gas compression facilities and related infrastructure for a client in the Middle East. The project was awarded through ...
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GMR Airports Ltd., the main competitor to Adani Group's airports operator, is planning to spend as much as 194 billion rupees ($2 billion) to expand its New Delhi and Hyderabad facilities, a sign of bullish expectations for India'...
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Suzlon Energy is making a statement with stronger order book, record deliveries and a wider renewable energy play. However, it is now facing a familiar challenge in a different form: How to convert rapid growth into sustainable pr...
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GST
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The Goods and Services Tax Appellate Tribunal (GSTAT) has disposed of 83 cases out of 75,155 cases filed before it. Of the total cases filed, 5,819 have been registered.
As many as 3,492 cases were filed in August alone, taking the cumulative number of filings above 75,000.
The principal Bench in New De...
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The Centre has approached the Supreme Court against a 5 March 2026 order of the Madras high court that granted relief to telecom company Reliance Jio Infocomm in a dispute over the distribution of goods and services (GST) credits among its various registrations.
The government filed its plea on 20 August, se...
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