INDIAN ECONOMY
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The finance ministry on Wednesday stressed the need for faster policy responses and stronger implementation to attract both domestic and foreign investment, Times of India reported, saying India must "reinvent itself" to navigate mounting global uncertainties and sustain long-term economic growth.
In its l...
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India’s wealth creation story continues to be anchored by traditional industries, but entrepreneurs from new-age sectors are rapidly narrowing the gap, according to the 360 ONE Wealth Creators List 2026, prepared in partnership with Crisil Intelligence.
Eighty-three percent of the Rs 104 lakh crore in indi...
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New Zealand is expected to complete the ratification of the India–New Zealand Free Trade Agreement (FTA) signed in April by the end of September, paving the way for the deal to come into force before the end of 2026. Direct flights between India and New Zealand are also expected to begin within the next coupl...
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In keeping with its policy to promote import substitution, the Union government has identified over 300 imported products for domestic manufacturing, expanding an initial target of 100 items.
The selected products could be manufactured locally by Indian firms through direct production, joint ventures, or t...
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MARKET & FINANCE
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UK bond yields and the pound fell slightly on Thursday after the Bank of England held interest rates at 3.75% as expected and said domestic conditions were likely reducing inflationary pressures.
Britain's two-year government bond yield, which is sensitive to BoE rate expectations, slightly extended its ea...
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GLOBAL CORPORATE
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Apple forecast sales for the current quarter ending in September would grow more slowly than Wall Street targeted as the iPhone maker struggled to get the parts it needed to deliver products, and shares fell 5.5% in after-hours trade.
Apple and the technology industry generally have been scrambling to meet...
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Shell's net profit more than doubled from last year to $9.84 billion in the second quarter, beating expectations, helped by higher energy prices and increased market volatility during the Middle East conflict. Higher oil and gas prices, stronger liquefied natural gas (LNG) and oil trading and improved chemica...
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U.S. officials told Vice Premier He Lifeng of China on Thursday that they expect Beijing to honor its commitments on rare earths and agricultural products, Treasury Secretary Scott Bessent said, as the two sides prepare for a possible September meeting between President Donald Trump and Chinese President Xi J...
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RBI
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The Reserve Bank of India on Thursday postponed the final Basel III disclosure guidelines for banks to April 2027, from September 30, 2026, after considering stakeholder feedback. This is intended to give banks time to implement the necessary system and process upgrades.
The RBI also accepted the feedback ...
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GLOBAL ECONOMY
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Mexico's finance ministry on Thursday maintained its 2026 economic growth forecast at 1.8% to 2.8%, saying the economy would have to contract in the second half of the year to miss a baseline of 1.5% growth....
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British businesses turned more confident about the economic outlook earlier this month, reflecting a brief fall in energy prices after a ceasefire in the Iran war, a survey by Lloyds showed on Friday....
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apan's factory output rose 1.3% in June from the previous month, versus the median market forecast for a 0.7% rise, government data showed on Friday....
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Japan posted a surplus of $31 billion from a special government account for foreign exchange reserves in the fiscal year that ended in March, the second-highest on record, thanks to a weaker yen boosting its yen returns on foreign...
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French consumer prices rose in line with expectations in July, preliminary data from statistics agency INSEE showed on Friday....
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The number of Americans filing claims for unemployment benefits increased less than expected last week, suggesting that labor market conditions remained stable. Initial claims for state unemployment benefits rose 9,000 to a season...
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The US economy expanded at a slower-than-expected annualised pace of 1.5% in the April-June quarter, as a widening trade deficit weighed on growth despite strong consumer spending and continued investment in artificial intelligenc...
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INDIAN CORPORATE
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Tata Steel is severing a quarter-century-old partnership with Germany's Martrade, buying out the logistics group's 23% stake in their joint shipping venture for Rs 335 crore.
The steelmaker is acquiring 41.4 lakh equity shares in...
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Vedanta Aluminium Metal has reported its Q1FY27 net profit at Rs 5,629 crore in Q1FY27, up from Rs 1,781 crore reported in Q1FY26. Revenue of Vedanta Aluminium stood at Rs 21,105 crore, up 44.98% year-on-year (YoY) from Rs 14,557 ...
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Mahindra & Mahindra (M&M) reported a 7% year-on-year rise in standalone net profit to Rs 3,685 crore for the quarter ended June 30, beating Bloomberg estimates of Rs 3,569 crore. Revenue from operations rose to Rs 41,980 crore, ah...
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Mahindra Group will shift into “attack mode” despite an increasingly uncertain global environment, Chairman Anand Mahindra said on Thursday, outlining an aggressive growth strategy centred on investments, manufacturing expansion a...
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Tata Steel‘s net profit attributable to promoters for Q1FY27 rose 11.6% to Rs 2,318 crore from Rs 2,078 crore in the same period a year ago, led by lower finance costs.
India’s oldest steelmaker missed the Bloomberg estimate of...
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Bajaj Finance (BFL) on Wednesday reported a 27.3% year-on-year rise in consolidated net profit to Rs 5,496 crore in the June quarter, driven by loan growth, steady net interest margins and resilient asset quality. There was a 20% ...
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Waaree Energies is targeting 50-60% growth in exports by FY28, with the additional business expected to come from Europe and Central Asia, a top company executive said.
The company has been actively bidding for projects in Euro...
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Vedanta on Thursday approved the demerger of its surplus real estate assets into a separate company, Vedanta Property Platforms (VPPL), as the mining and metals major reported a 72% jump in consolidated net profit for the first qu...
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GST
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The Goods and Services Tax Network (GSTN) has put on hold two proposed enhancements to the e-way bill system that were scheduled to come into effect from August 1, following feedback from industry over implementation challenges, PTI reported.
In an advisory, GSTN said its earlier advisories dated June 9 an...
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