March 03, 2026

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INDIAN ECONOMY

India a picture of stability in turmoil; to shape global growth in next decade: Shaktikanta Das

Former RBI governor Shaktikanta Das has said that amid the global turmoil, India is a picture of stability, influencing the global direction. "The coming decade will not be one where India simply participates in global growth, but one where India shapes it," he said, framing macroeconomic stability and infla...

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Brent jumps 7%; India may pivot beyond Gulf

Crude oil prices jumped nearly 7% on Monday, as the war in West Asia escalated and brought tanker traffic via the Strait of Hormuz — through which about 20% of global petroleum liquids consumption transit — to a near standstill. The virtual closure of the key shipping channel — only one crude vessel transi...

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India, Canada to conclude FTA by 2026-end, ink long-term uranium supply deal

India and Canada on Monday signed Terms of Reference of the Comprehensive Economic Partnership Agreement (CEPA) which they aim to conclude by the end of this year. Other than the proposed trade pact, the visit of Canadian Prime Minister Mark Carney to India resulted in a 2.6 billion Canadian dollar deal to su...

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CAD widens to 1.3% in Q3, reserves shrink by $24.4-bn

India’s current account deficit (CAD) increased to $13.2 billion or 1.3% of the gross domestic product in Q3 2025-26 from $11.3 billion (1.1%) in the year-ago period mainly due to a higher merchandise trade deficit, according to data released by the Reserve Bank of India (RBI) on Monday. The merchandise tr...

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IIP growth slows to 3-month low of 4.8% in Jan

India’s factory output growth moderated to a three-month low of 4.8% year-on-year (y-o-y) in January 2026, after hitting a 26-month high of 8% in December, according to data released by the Ministry of Statistics and Programme Implementation (MoSPI) on Monday. The slowdown was broad-based across mining, manuf...

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MARKET & FINANCE

JGB yields jump as Iran war raises inflation fears

Japanese government bond (JGB) yields jumped on Tuesday on fears that a prolonged U.S. and Israeli war against Iran would boost energy prices and accelerate inflation globally. The benchmark 10-year JGB yield rose 6 basis points (bps) to 2.12%. The two-year yield climbed 3.5 bps to 1.25% and the five-year ...

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GLOBAL CORPORATE

LNG prices surge by 50% in Europe after Qatar shuts world's largest gas plant

LNG prices in Europe surged more than 50% after Qatar shut down production at the world’s largest export facility after it was targeted in an Iranian drone attack. The unprecedented halt marks a dramatic escalation of the Iran war that now threatens energy security worldwide. European benchmark gas futures...

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Oil prices surge 10% as US-Israel strikes on Iran rattle global markets

Oil prices surged by as much as 10 per cent as markets opened in Asia, after US and Israeli strikes on Iran heightened fears of a wider conflict in the Middle East and potential disruption to global energy supplies. Brent crude and Nymex light sweet crude both leapt sharply in early trading on Monday, before...

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Global economy is facing the prospect of another profound shock

In the most hopeful scenario for the global economy, the latest war in the Middle East ends within a few weeks. The region continues to produce oil and gas. Shipping resumes in the Strait of Hormuz, preventing a shock to the world's energy supplies. Fear of inflation subsides. But experts cautioned against...

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50% oil via war zone; $10 rise = $14bn hit, Russian cargoes back in focus

The war that erupted in West Asia on February 28 has triggered an oil shock that is now rippling through global markets and straight into India’s economic calculus. Within days of the joint US–Israel strike on Iran, crude prices surged from around $65 per barrel to $72–73, jolting energy markets and placing t...

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Aramco under threat: What attack on Saudi’s Ras Tanura oil refinery means for global energy supply

The world woke up on Monday to a sight that global energy markets have long feared: smoke rising from the Arabian Gulf’s industrial heart. For the second time in less than a decade, Saudi Aramco’s infrastructure has become a primary target in a direct clash between regional powers. As per reports from loca...

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GLOBAL ECONOMY

Canadian Manufacturing PMI Rises to 13-Month High in February

Canada's manufacturing sector grew for a second straight month in February as new business increased despite weak export sales and rising inflation pressures, data showed on Monday. The S&P Global Canada Manufacturing Purchasin...

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Iran War Poses New Risk to US Economic Resilience

A U.S. economy that has weathered a year of trade, immigration and other shocks now faces a new test likely to ratchet up uncertainty after President Donald Trump's decision to launch open-ended attacks against Iran with the state...

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Brazil to Mobilize Nearly $50 Billion in Sustainable Investments Under Lula's Current Term

Brazil's government expects to mobilize more than 250 billion reais ($48.4 billion) in sustainable investments during President Luiz Inacio Lula da Silva's current four-year term, with 2026 centered on consolidating initiatives al...

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South Korea Factory Activity Expands for Third Month on Output Jump, PMI Shows

South Korea's factory activity expanded for a third straight month in February, as output increased at the fastest pace in one-and-a-half years driven by strong chip demand, a private-sector survey showed on Tuesday. The purcha...

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Japan Quarterly Capex Rises 6.5% as Government Seeks to Spur Investment

Japanese spending on factories and equipment rose 6.5% on-year in the fourth quarter, Ministry of Finance data showed on Tuesday, indicating resilient investment demand continued to support a barely growing economy. The encoura...

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China Poised to Trim Growth Ambitions, Pursue Timid Rebalancing Efforts

China’s annual parliament meeting is expected to show tolerance for slightly slower economic growth this year, opening the door for greater, albeit not decisive, efforts to curb industrial overcapacity and rebalance the export-rel...

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Explainer-How China Could Boost Its Weak Consumption

For more than a decade China pledged to make the consumer sector a more prominent driver of economic growth but has struggled to achieve this goal. Analysts say potential costs in the trillions of dollars and risks that reform ...

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Saudi Arabia's Non-Oil Business Growth Slowed in February, PMI Shows

Growth in Saudi Arabia's non-oil private sector slowed slightly in February, reaching its lowest level in nine months, as competitive pressures weighed on expansion, a survey showed on Tuesday, although demand remained strong. ...

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Euro Zone Inflation Could Surge on Lengthy Iran War, ECB's Chief Economist Warns

A prolonged war in the Middle East could cause a substantial spike in euro zone inflation and reduce economic growth, European Central Bank Chief Economist Philip Lane told the Financial Times in an interview published on Tuesday....

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US factory activity eases slightly in February: Survey

US manufacturing activity expanded at a slower rate in February, survey data showed Monday, as growth in new orders and production cooled over the month. The Institute for Supply Management's (ISM) manufacturing index came in a...

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China's 15th five-year plan: Economic goals, tech innovation & consumption boost

China is set to unveil its new five-year plan when parliament opens on March 5, outlining the policy agenda for 2026-2030. The blueprint is expected to detail how Beijing intends to lift consumption, drive technological innovation...

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INDIAN CORPORATE

EPFO retains interest rate at 8.25% for FY26; loss in FY26 to be more than offset by past surplus

The board of the Employees’ Provident Fund Organisation (EPFO) on Monday recommended retaining the interest rate on provident fund deposits at 8.25% for FY26. This marks the third consecutive year that EPF subscribers get this rat...

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Tata Steel to invest Rs 11,000 cr in Jharkhand; aims to ramp-up advanced grade steel production

Tata Steel will invest Rs 11,000 crore in Jharkhand for developing advanced grade steel at its Jamsehdpur facility, Tata Group Chairman N Chandrasekaran said on Monday. The technology developed by the Tata Group for advanced st...

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GAIL to invest Rs 1,736 Crore in 178 MW wind power project, Eyes net zero by 2035

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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Decoding Nykaa’s profit-first beauty play

Nykaa’s record December quarter may have grabbed investor attention, but the numbers are less a one-off spike and more the culmination of a decade-long transformation — from a niche online beauty retailer into a capital-efficient,...

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