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INDIAN ECONOMY
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India is expected to face oil price volatility and broader macroeconomic effects from the escalating Iran crisis, analysts said, adding the country's oil supply chain does not yet face structural insecurity.
Rising tensions around the Strait of Hormuz - through which a significant share of India's crude an...
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India’s manufacturing PMI rises to 56.9 in February, up from 55.4 in January. The manufacturing activity gathered pace in February, driven by a strong pick-up in domestic demand even as export growth slowed to a 17-month low.
According to the HSBC India Manufacturing Purchasing Managers’ Index (PMI), a rea...
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India is unlikely to face any immediate physical disruption in oil supplies despite escalating tensions around Iran and the Strait of Hormuz, but higher crude prices and broader macroeconomic pressures are expected in the near term, officials and analysts said.
Indian refiners currently hold sufficient cru...
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The revamped national income accounts, with 2022-23 as the new base year, have revealed major differences in sectoral performance compared with the earlier 2011-12 series. According to the data provided by the National Statistics Office (NSO), the most striking divergence has occurred in manufacturing, “minin...
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The fresh Israel-US war with Iran puts India’s economy on watch, as economists say inflation, deficits, and trade risks hinge less on the shock itself than on how long the tensions persist.
India is a net commodity importer, especially oil and fertilisers. Indian oil marketing companies will be able to abs...
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What does the rising geopolitical tensions around the Strait of Hormuz mean for India? As the US-Iran conflict sees a significant escalation, all eyes are on nearly 50% of India’s total monthly crude oil imports and more than a tenth of India’s non-oil exports, which are at risk.
Israel and the United Stat...
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The quick widening of war in West Asia has set the panic among exporters and logistics providers as fresh bookings and loading have been put on hold while ships on seas get stranded.
“The panic button has already been pressed. There are no freight carriers available to book the shipments, The ships that h...
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Interest rates in India will remain "around this level or lower" for a long time, barring any shocks, the country's central bank governor told the Economic Times newspaper in an interview published on Monday....
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MARKET & FINANCE
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Indian government bonds declined on Monday, as oil prices jumped after military conflict in the Middle East looked set to last for weeks, pushing investors away from risk assets.
The benchmark 6.48% 2035 bond yield was at 6.68% as of 10:05 a.m. IST, after ending at 6.66% on Friday. Bond yields move inverse...
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Foreign portfolio investors (FPIs) infused Rs 22,615 crore into Indian equities, marking the highest monthly inflow in 17 months, driven by the interim India-US trade deal, correction in domestic market valuations and robust third-quarter corporate earnings.
The latest buying follows three consecutive mont...
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GLOBAL CORPORATE
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Saudi Aramco has shut down its Ras Tanura refinery as a precautionary measure after the facility was hit by a drone, in an escalation of the Iran war that now threatens to ensnare the whole of the Middle East. Crude oil prices surged to $80/barrel on the news.
Two drones were intercepted at the facility, w...
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In a major development, OPEC+ has agreed in principle to raise oil production by about 206,000 barrels per day (bpd), even as the US-Israel military action against Iran has disrupted shipments across the Gulf, Reuters reported citing sources.
The decision comes after US strikes on Iran – which killed Supre...
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Key members of the OPEC+ oil cartel announced a greater-than-expected increase to production quotas on Sunday following US and Israeli strikes on Iran that triggered retaliation by Tehran across the Middle East.
The eight-strong V8 (Voluntary Eight) group in the alliance, which includes top oil producers S...
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Chinese electric vehicle maker BYD recorded the biggest fall in global sales in six years last month against a backdrop of fierce competition in the world's largest auto market.
BYD's February sales dropped 41.1% from a year earlier, the sixth consecutive month of decline, according to a stock market filin...
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Indian exporters must brace for higher freight and insurance costs as tensions in West Asia escalate following the US and Israel’s strike on Iran. Industry players say the disruption in the Strait of Hormuz, coupled with renewed Houthi threats in the Red Sea, could force vessels to reroute, pushing up freight...
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Banking
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Remittance flows to India are expected to remain largely stable despite rising tensions in the West Asia, according to bankers and economists. Any meaningful disruption is unlikely unless the conflict deepens and begins to hurt the region’s economies or the employment prospects of Indian migrant workers.
B...
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Custom
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The Central Board of Indirect Taxes and Customs (CBIC) has introduced a deferred customs duty payment facility for eligible manufacturer importers. The step, first announced in the FY27 budget, is aimed at helping companies effectively manage cash flows and working capital, supporting local manufacturing.
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GLOBAL ECONOMY
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Russia's manufacturing sector continued to contract in February, but the pace of decline eased for the second consecutive month as new orders stabilised, S&P Global reported on Monday.
The Purchasing Managers' Index (PMI) for R...
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Turkey's manufacturing sector showed signs of improvement in February as declines in output, employment and inventories eased, while new orders neared stabilisation suggesting improving customer demand, S&P Global reported on Mond...
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German retail sales fell more than expected in January, decreasing by 0.9% compared to the previous month, data showed on Monday.
Analysts polled by Reuters had predicted a 0.2% decrease.
The federal statistics office publis...
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Turkey's economy grew 3.4% year-on-year in the fourth quarter of last year, with full-year growth also just below forecast at 3.6%, official data showed on Monday.
Fourth-quarter gross domestic product (GDP) rose 0.4% from the ...
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A sharp escalation in the Middle East has triggered concerns across Asia-Pacific, with a Moody’s Analytics report warning that the region’s most advanced economies could face the heaviest immediate fallout due to their reliance on...
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INDIAN CORPORATE
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The new government in Bangladesh will not cancel the power purchase agreement with Adani Power. Minister of Power, Energy, and Mineral Resources Iqbal Hasan Mahmud said that the BNP-led government will retain the power purchase ag...
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Mumbai based GTL Group companies repaid Rs 28,120 crore to lenders as of January this year – marking a key milestone in a 15-year restructuring cycle shaped by India’s telecom sector downturn and recent court rulings that quashed ...
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The appellate tribunal NCLAT has dismissed petitions filed by two Dhoot brothers - Rajkumar Nandlal Dhoot and Pradeep Nandlal Dhoot, challenging the initiation of personal insolvency against them over a default committed by debt-r...
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Car market leader Maruti Suzuki India on Sunday reported a 7.32 per cent rise in total sales to 2,13,995 units in February 2026 compared to 1,99,400 units a year earlier.
Total domestic passenger vehicle sales were marginally ...
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Honda Cars India Ltd on Sunday reported a 30.11 per cent year-on-year decline in total sales at 7,212 units in February 2026.
The company had sold a total of 10,320 units in February 2025....
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India's gross Goods and Services Tax (GST) collection rose to Rs 1.83 lakh crore in February 2026, reporting a rise of by 8.1% as compared to the same period last month, as per official data released on Sunday. The total gross GST...
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State-owned gas utility company GAIL (India) will invest Rs 1,736.25 crore to set up a wind power project in Maharashtra, expanding its renewable energy portfolio as it targets net-zero carbon emissions by 2035.
In a regulatory...
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GST
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India's gross Goods and Services Tax (GST) collection rose to Rs 1.83 lakh crore in February 2026, reporting a rise of by 8.1% as compared to the same period last month, as per official data released on Sunday. The total gross GST revenue for FY26 as on February 28 stood at Rs 20.27 lakh crore, up 8.3% YoY.
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SEBI
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The Securities and Exchange Board of India (Sebi) has allowed equity funds to allocate a portion of their portfolios to gold and silver funds, scrapped solution-oriented funds as a category, and introduced sectoral debt funds.
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