INDIAN ECONOMY
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Surplus rainfall of over 34% this month has reduced overall southwest monsoon deficiency in the current season till Sunday to 24% from close to 40% at the end of June, the India Meteorological Department (IMD) said on Sunday.
Cumulative rainfall during June 1-July 5 according to the met department is over ...
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The India-UK free trade agreement has pegged the minimum local value addition level for manufactured products to qualify for lower duties between 35% to 55%, depending on where the value of the finished product is calculated. For agricultural products, largely local origin would be insisted upon.
The mini...
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The first two months of FY27 have been marked by higher subsidy payouts and elevated interest expenditure. Faster spending on railway capex remains the key bright spot, while most other spending trends are broadly in line with expectations.
The customary additional tax devolution to states in June may not ha...
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Falling crude oil prices are giving the Reserve Bank of India and other Asian central banks more headroom to prioritise growth, as easing energy costs reduce pressure on the region's external accounts, according to Standard Chartered's Weekly Market View report dated July 3, 2026.
The global bank described...
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Amid growing momentum in their economic partnership, India and Russia are aiming to achieve $50 billion in mutual investments by 2030 through joint projects in advanced manufacturing, critical minerals, and green technology.
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A sharp decline in global crude oil prices following the easing of tensions in West Asia has improved India's fiscal outlook, with economists now expecting a much smaller slippage from the Centre's fiscal deficit target of 4.3% of gross domestic product (GDP) for 2026-27 than anticipated a few weeks ago....
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India’s proposed free trade agreement with Peru is unlikely to be concluded “soon”, Commerce and Industry Minister Piyush Goyal said on Saturday, even as bilateral trade between the two countries surged 67.5% to $10 billion in 2025-26.
Speaking to reporters on the sidelines of the 17th Toy Biz Internationa...
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In a major boost to soil nutrient supplies, 15 vessels carrying over 0.7 million tonne (MT) of fertiliser variant and raw materials – urea, di-ammonium phosphate (DAP) and sulphur – have crossed the Strait of Hormuz and is expected to reach India ports soon....
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MARKET & FINANCE
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Abu Dhabi's Mubadala Investment Co. is opening up one of its largest investment Dusinesses to outside investors for the first time, betting on its ability to attract nstitutional capital as demand for alternative lending rises.
The wealth fund is transferring a $25 billion credit portfolio to its alternati...
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Overseas funds are lately buying big into Indian debt. They, however, don't seem to share the same enthusiasm for local equities - at least, not yet.
Foreign portfolio investors (FPI) invested a record Rs 41,773 crore in June in securities that are included in the fully accessible route (FAR), CCIL data sh...
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Indian government bonds rose on Monday, tracking firmer U.S. Treasuries, while improved monsoon conditions and strong foreign demand underpinned sentiment.
The U.S. benchmark 10-year yield snapped a four-day rise in Asian trade, ahead of the Federal Reserve's policy meeting minutes, due Wednesday, with tra...
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GLOBAL CORPORATE
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For decades, consumer technology followed a predictable and reassuring script: when a new model arrived, older devices became cheaper. That safety net is disappearing.
Prices of smartphones, laptops and other electronics are now rising in the middle of product cycles, long before their successors reach the...
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Chinese artificial intelligence startup Z.ai is emerging as a fresh challenger to OpenAl and Anthropic after its latest flagship model, GLM-5.2, gained traction among developers for delivering advanced coding and Al agent capabilities at a significantly lower cost.
The Beijing-based company's latest model ...
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Taiwan's Foxconn, the world's largest contract electronics maker, reported a 39.8% year-on-year rise in second-quarter revenue that beat market forecasts on strong demand for AI products, though it cautioned about "volatile" global politics.
Revenue for Nvidia's biggest server maker and Apple's top iPhone ...
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A look at the day ahead in European and global markets from Wayne Cole.
It's been one of the quietest starts to a week in ages, with no new wars, or tariffs and much of the world watching the football.
There has been no reported progress in U.S.-Iran peace talks, but at least the Strait of Hormuz is par...
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Samsung Electronics is likely to estimate that its operating profit jumped about 18-fold to another record high from a year earlier in the second quarter, as AI growth continues to strain memory supply and push chip prices higher.
On Tuesday, the world's largest memory chipmaker by sales is likely to flag ...
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Airbus has set an internal goal of 900 deliveries this year after handing over 89 jets in June, while keeping its official full-year guidance of 870 deliveries unchanged, industry sources said.
June's total reflects an ongoing surge in deliveries as Airbus catches up on delayed deliveries to China and bene...
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Banking
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Bank lending accelerated in the April-June quarter of FY27, but deposit mobilisation continued to trail credit growth, widening the funding gap across the banking system and highlighting mounting pressure on banks' liability franchises, according to business updates reported by The Times of India.
While se...
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Indian lenders are pulling back short-term debt sales as the central bank’s recent push to attract foreign-currency deposits has opened up a cheaper and more durable source of funding.
Banks haven’t issued any certificates of deposit — debt instruments maturing within one year — in the three trading sessio...
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GLOBAL ECONOMY
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The United States may continue to lead the global economy, but its growing debt burden has emerged as the biggest risk to its economic pillar....
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The number of Australian job advertisements dipped slightly in June, private-sector data showed on Monday, suggesting labour demand was only gradually easing amid higher borrowing costs....
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German industrial orders rose more than expected in May, posting a considerable increase even when large-scale orders of aircraft, ships, trains and military vehicles are excluded....
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Donald Trump’s war against Iran may be over, but the repercussions for global monetary policy are here to stay.
With a shaky ceasefire largely holding following the US president’s onslaught in the Middle East, the path for cent...
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INDIAN CORPORATE
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New Delhi, Mumbai-based Oberoi Realty Ltd on Sunday said it has sold luxury homes worth Rs 8,109 crore in its newly launched project in Gurugram on strong consumer demand.
The company had on June 29 announced its foray into the...
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Adani Enterprises’ defence arm, Adani Defence & Aerospace, has announced an investment of Rs 2,500 crore to set up what it calls South Asia’s largest private-sector missile manufacturing ecosystem in Shivpuri, Madhya Pradesh.
T...
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