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30
Jul
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Requesting Co-operative for Drug Free Mumbai
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INDIAN ECONOMY
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The government has achieved about 78 per cent of the FY27 budgeted disinvestment and asset monetisation target of Rs 80,000 crore within 5 months of the financial year.
The government has raised Rs 55,757 crore so far this fiscal through minority stake sale in 9 PSUs, including the big ticket ones like LIC a...
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India could find fresh opportunities to expand exports to Canada as bilateral economic ties gather pace and Ottawa’s trade tensions with the US reshape its import landscape, according to an analysis by Rubix Data Sciences.
India and Canada are targeting an increase in two-way trade in goods and services to $...
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Argentina has committed to reduce barriers to facilitate entry of Indian pharmaceutical sector in the South American nation, the commerce ministry said on Saturday.
This is expected to provide greater opportunities for Indian pharmaceutical companies and contribute to improving access to quality and affordab...
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India’s demand story is throwing up an unusual split. Consumers are still buying cars, two-wheelers and tractors at a brisk pace but the labour market that normally underpins household spending looked softer through the first quarter of 2026-27.
Retail passenger vehicle sales rose 19.1% year-on-year in Jul...
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S&P Global Ratings on Thursday affirmed its ‘BBB’ long-term sovereign credit rating on India, with the fast-growing economy and strong external balance sheet seen counterbalanced by the government’s weak fiscal metrics, high debt stock, and a low per capita GDP.
High energy prices and challenging agricultu...
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India and Canada on Thursday agreed to move beyond traditional trade in goods and services and build a deeper economic partnership encompassing investment, finance, capital markets and regulatory cooperation, Finance Minister Nirmala Sitharaman said after the inaugural Economic and Financial Dialogue with her...
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The government will kick-start internal consultations for the Union Budget 2027-28 on October 12 and the process will extend to mid-November. The meetings, chaired by Expenditure Secretary V Vualnam, will review expenditure requirements, receipts, scheme approvals and fiscal priorities before final allocation...
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Growth in India’s industrial output, as measured by the Index of Industrial Production (IIP), slowed to 6.7% in July from a 27-month high in June, mainly because of a contraction in the mining output, data released by the Ministry of Statistics and Programme Implementation on Friday showed. A slowdown in manu...
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MARKET & FINANCE
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India has rarely been more digital in the way it pays. UPI is used for everything from a cup of tea to rentals, bank transfers can happen in seconds and QR codes are now a fixture at shops and street stalls across the country.
Yet the amount of physical currency Indians hold is still rising at a surprising...
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India’s foreign exchange reserves surged by $12.4 billion to a record $729.32 billion in the week ended August 21, supported by inflows through the special deposit window, according to RBI data released on Friday. The previous record high was at $728.5 billion at the end of February.
Within the reserves, f...
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GLOBAL CORPORATE
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For years, China was the market that global consumer companies could count on for growth. American brands expanded aggressively across the country, betting that rising incomes and the appeal of foreign labels would keep drawing consumers. That formula is no longer working as reliably as it once did.
Some o...
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President Donald Trump said Friday that his administration has entered a sweeping agreement with Venezuela that, if realized, could give the U.S. access to vast amounts of the South American country’s untapped oil reserves, at cost.
Trump in a social media post announcing the agreement said it was negotiated...
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RBI
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The Reserve Bank of India (RBI) has permitted banks to access the foreign exchange swap window for overseas deposits more than once a week, according to currency traders. This change comes as the window nears its closing date, prompting a rush to attract dollar inflows.
According to earlier guidelines, a b...
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GLOBAL ECONOMY
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South Korean exports likely extended their robust growth in August to mark a 15th consecutive month of gains, driven by surging global demand for AI chips, a Reuters poll showed on Thursday....
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China's factory activity is expected to have contracted for a second straight month in August, a Reuters poll showed on Friday, indicating that manufacturers' sentiment likely remained downbeat amid soft demand and extreme weather...
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The rise in French consumer prices accelerated in August, preliminary data from statistics agency INSEE showed on Friday.
France's harmonized inflation rate, adjusted for comparison with other euro zone countries, was 2.7% year...
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French growth flatlined in the second quarter, the national statistics agency said on Friday, revising down a preliminary reading and casting doubt on the outlook for the rest of the year....
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Russia's central bank will continue cutting its key rate, lowering it to 13.5% from 14% by the end of this year, Sberbank's chief economist Alexander Isakov told Reuters, despite Ukrainian attacks on economic targets....
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Italian business and consumer confidence rose in August, data showed n Friday, in a positive sign for the prospects of the euro zone's third largest economy....
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Japanese authorities spent a record 15.4 trillion yen ($96.5 billion) intervening in foreign exchange markets over the past month to support the local currency, Finance Ministry data showed on Friday....
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Canada's economy rebounded sharply in the second quarter after six months of virtually no growth, aided by a strong jump in exports and solid domestic demand, data showed on Friday, though a new round of U.S. tariffs brings new un...
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U.S. employment grew slightly less than previously estimated in the 12 months through March, the government said on Friday, suggesting the modest pace of job creation that has prevailed since President Donald Trump returned to the...
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Canada recorded a sharply lower C$370 million ($266.57 million) budget deficit for the first three months of the 2026/27 fiscal year as government expenditures grew slightly faster than revenues, the finance ministry said on Frida...
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Bank of England Governor Andrew Bailey said on Friday that he still saw little sign that the surge in energy prices caused by the U.S.-Iran conflict was creating serious longer-term inflation pressures in Britain....
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Brazil's central bank is studying measures to curb the rising debt burden of the country's consumers but plans first to implement limits on lenders rather than a cap on household debt service backed by the IMF, two people familiar...
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Iranian leaders are acknowledging the economic toll of war with the United States, with the supreme leader calling on the government to address the hardship while the president reported foreign trade has shrunk 35% due to the Amer...
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INDIAN CORPORATE
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Vodafone Idea (Vi) plans to repay nearly Rs 49,000 crore of spectrum dues over the next three years, a key affirmation that could strengthen lender confidence as the debt-ridden telco pushes ahead with its long-delayed bank fundra...
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Mahindra Group on Friday announced the expansion of its Battery-as-a-Service (BaaS) model across its entire eSUV portfolio.
Introduced with the launch of the performance-focussed born-electric SUV SPORTEQ, the BaaS model enables ...
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Wipro has expanded its partnership with Google Cloud to accelerate the adoption of Gemini Enterprise and agentic artificial intelligence (AI) across businesses.
As part of the expanded partnership, Wipro will also scale its int...
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After logistics, Welspun One, the warehousing arm of Welspun group, is set to foray into data centres and residential real estate. It also plans to launch new alternative investment funds (AIFs). The company is also evaluating mix...
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Hindalco Industries has commissioned a greenfield Superfine PPT ATH (Precipitated Aluminium Trihydrate) manufacturing plant in Belagavi, Karnataka, making it the first facility in India to produce the high-value specialty alumina ...
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Vodafone Idea is shifting its focus from repairing its balance sheet and strengthening its network to delivering growth, with Chairman Kumar Mangalam Birla saying FY27 would be a year of execution and delivery for the telecom oper...
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State-run power major NTPC plans to develop energy storage as a standalone business, rather than merely pairing batteries with renewable projects, as the country’s largest power generator broadens its operations across nuclear ene...
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Tata Steel acquired a stake worth Rs 1,340 crore or $140 million in its wholly owned foreign subsidiary, T Steel Holdings (TSHP), on Thursday. This comes as part of a broader investment plan announced by the company this year in M...
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COMMERCIAL LAW
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India is working on a set of clarifications to its foreign direct investment (FDI) policy aimed at providing greater clarity on rules governing investments from countries that share a land border with the country, people familiar ...
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Commerce and Industry Minister Piyush Goyal on Thursday said there is a tremendous scope to improve the processes, procedures and policies governing foreign direct investment (FDI) in India, adding that the government remained ope...
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GST
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The Goods and Services Tax (GST) Council may consider a cut in the 18% GST rate on mobile phones as it seeks to revive slowing handset demand and prevent the tax from becoming a drag on India's electronics manufacturing ambitions, two people aware of the matter said.
The proposal is expected to be discussed ...
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