INDIAN ECONOMY
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Reserve Bank's FI-Index, which captures the extent of financial inclusion in the country, rose 4.48 per cent during the year ending March 2026, the central bank said on Thursday.
The Reserve Bank of India had constructed a composite Financial Inclusion Index (FI-Index) in consultation with concerned stakeh...
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The European Union and India agreed to start formal talks on New Delhi’s participation in the bloc’s flagship Horizon research program, broadening ties beyond a landmark free trade agreement that’s expected to come into force next year.
The two sides aim to conclude negotiations before year-end on India’s as...
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India should reconsider its economic approach towards China and allow more Chinese investment into its manufacturing sector as changing global trade dynamics make the US a less dependable partner, according to a member of Prime Minister Narendra Modi's Economic Advisory Council.
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India’s inflation remains elevated, with ongoing tensions in the Middle East and prospects of a weak monsoon season seen as key risks for the economy, according to Reserve Bank of India Governor Sanjay Malhotra.
In an interview with Doordarshan on Friday, Malhotra said recent price pressures were largely d...
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The number of new projects announced plunged to the lowest level in more than two decades in the June quarter (Q1FY27), reflecting the uncertainty caused by the West Asia war and persisting investor wariness in most capital-intensive sectors other than data centres and nuclear plants....
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India’s macroeconomic outlook could turn more challenging in 2026-27, with inflation expected to rise sharply and economic growth projected to moderate, even as easing geopolitical tensions and lower crude oil prices have improved several key indicators, according to a Crisil report published on Thursday....
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MARKET & FINANCE
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Foreign Institutional Investors (FIls) have bought more than Rs 15,000 crore of Indian equities in the first two weeks of July, marking their strongest sustained buying streak this year and signalling a shift in sentiment after seven straight months of selling.
The turnaround comes as global investors beg...
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Indian government bonds moved sideways early on Friday, as traders braced for heavy debt supply, while range-bound oil prices and softer U.S. Treasury yields offered some breathing room. New Delhi is set to auction 320 billion rupee ($3.32 billion) worth of three- and 30-year bonds later in the day. Brent has...
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Inflows into foreign currency non-resident bank (FCNR-B) deposit have been slower than expected since the Reserve Bank of India (RBI) unveiled measures to attract overseas deposits, global brokerage Barclays said in a note on Thursday.
“The pace of take up so far has indeed been lower than the run rate tha...
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Arbitrage funds staged a sharp recovery in the first quarter of FY27, attracting net inflows of Rs 23,875 crore after recording net outflows of Rs 17,229 crore in the January-March quarter of FY26.
The weak showing in Q4FY26 was largely due to massive net outflows of Rs 21,113 crore in March 2026—nearly 10...
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The Centre may reintroduce a merchant discount rate (MDR) on UPI transactions of Rs 2,000 and above for large merchants to compensate banks and payment service providers for rising operational costs and technology investments, sources said.
The proposed MDR on UPI payments accepted by large merchants won’t...
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GLOBAL CORPORATE
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Brazil's instant coffee is exempt from a new 25% U.S. tariff on Brazilian imports, a move eagerly awaited by the industry, which had previously been the only segment of Brazil's coffee sector subject to the U.S. duties....
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China's biggest airlines enter the peak summer travel season facing a more challenging outlook after warning of heavy first-half losses, with weakening demand raising doubts that they can absorb higher fuel costs during the industry's busiest months....
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Chinese President Xi Jinping on Friday cast Beijing as the champion of a new global AI order, using China's premier tech conference to promote open-source technology and challenge U.S. influence over the rules governing the fast-moving sector....
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Burberry said conflict in the Middle East was hurting tourist spending in Europe, sending the British luxury brand's shares down more than 6% on Friday even though sales in its April-June quarter were strong in the U.S. and China....
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Weeks after OpenAI’s grand release of GPT-5.6 globally, China’s homegrown AI firm, Moonshot AI, has released a ‘Fable-class’ AI model. Beijing’s AI startup brings Kimi K3 – a massive 2.8-trillion-parameter open-weight Mixture-of-Experts (MoE) model that’s acing the benchmarks, competing with frontier-tier AI ...
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Banking
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MUMBAI: RBI has barred defaulting borrowers from buying back properties acquired by lenders to satisfy a defaulter's debt, tightening norms for resolution of stressed accounts under its new directions effective Oct 1, 2026.
Defaulters and their related parties, as defined under the Insolvency and Bankruptcy ...
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Indian state-run lenders have told senior government officials they expect to raise nearly $30 billion through the central bank's subsidised dollar deposit window, five bankers familiar with the matter told Reuters.
The estimate was shared by the heads of state-run banks at a meeting with Finance Minister ...
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GLOBAL ECONOMY
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Federal Reserve Vice Chair Philip Jefferson on Thursday suggested he would be open to raising interest rates if there is no near-term improvement in inflation, though for now he believes it will be enough to hold short-term borrow...
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Israel's economy shrank an annualised 3.8% in the first quarter, The Central Bureau of Statistics said on Thursday, in its third estimate in which growth was hurt by Israel's war with Iran that ended with a ceasefire in April....
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France's government plans to sharply restrain most public spending growth in 2027 as rising defence outlays and borrowing costs consume an increasing share of the budget, spending ceilings published on Thursday showed....
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Most Gulf economies will contract more sharply this year than expected three months ago before rebounding in 2027, a Reuters poll found, as crumbling hopes of a quick U.S.-Iran de-escalation keep the Strait of Hormuz - the region'...
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The International Monetary Fund said on Thursday that its staff team had concluded a visit to Bangladesh at the government's request and that discussions on the parameters of a new arrangement would take place in the coming months...
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The euro zone's seasonally adjusted current account surplus widened in May as a rise in primary income, which includes items like interest, profit or dividend income, offset a narrowing trade surplus, European Central Bank data Sh...
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Filings for unemployment benefits fell last week to the lowest level in 10 weeks as U.S. layoffs remain historically low....
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INDIAN CORPORATE
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Tech Mahindra posted 8.2% sequential rise in net profit for the first quarter of the fiscal at Rs 1,465 crore (Q4: Rs 1,353.8 crore), buoyed by healthy revenue growth, the tax tech major announced on Thursday. The net profit howev...
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Tata Electronics Pvt. is preparing to make India’s first semiconductor wafers on far older technology than it originally expected, underscoring the challenges the country faces in trying to build a domestic chip industry from scra...
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ACME Solar Holdings has secured long-term project funding of Rs 2,646.64 crore from REC for its 450 MW/1,800 MWh Assured Peak Power Project being developed through its subsidiary, ACME Greentech Seventh.
The company said it wil...
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IT firm Wipro reported flat profit at Rs 3,352 crore, rising 0.6% year-on-year. Wipro Q1 revenue also came lower-than-expected, hurt by weakness in its manufacturing segment and a part of its Americas business.
Consolidated re...
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Jio Financial Services posted its June quarter profit at Rs 830 crore, surging nearly 156% from Rs 325 crore reported in the year-ago period. The sequential jump in profit was even sharper at 209% from Rs 272 crore posted in Q4FY2...
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JSW MG Motor India will invest Rs 1,400 crore this year to step up localisation, launch new products and expand manufacturing capacity, with a broader investment plan of around Rs 4,000 crore over the next phase of growth as it pr...
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COMMERCIAL LAW
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The government is likely to broaden the definition of services under the Special Economic Zones (SEZ) Act and align it with the Goods and Services Tax (GST) law, to remove the long-standing restriction that requires service export...
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A bill to give national song Vande Mataram the same statutory protection as the national anthem Jana Gana Mana and another legislation to ensure that foreign contributions to NGOs are not utilised in a manner prejudicial to the na...
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