INDIAN ECONOMY
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India's inflation is likely to remain relatively contained in the coming months, supported by the recent correction in crude oil prices and softening of key input costs, including urea, following the cessation of the West Asia conflict, the finance ministry said in its latest Monthly Economic Report released ...
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The Reserve Bank on Tuesday said the interim peace deal between Iran and the US can provide tailwinds to Indian economic growth.
In its bi-annual financial stability report released on Tuesday, the central bank also said that the growth in gold imports has decelerated "substantially" in May 2026 over April...
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The overall debt of the household sector reached 45.5 per cent of the country's gross domestic product (GDP) due to an uptick in non-housing retail loans, according to the RBI's latest Financial Stability Report (FSR).
The Reserve Bank of India said the increase in household sector debt was due to rising n...
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The rationalisation in the goods and services tax rates last September delivered a larger-than-expected expansion in the tax base, with higher taxable supplies more than offsetting the revenue foregone from lower tax rates, according to a government analysis. Average monthly taxable supply, an indicator of re...
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India remains the world's fastest-growing major economy despite a challenging global environment, and sustaining high growth will require continued reforms, investments and execution, HUL Chairman Nitin Paranjpe said on Tuesday.
Addressing shareholders at the 93rd AGM, India has demonstrated "structural re...
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India has secured adequate crude oil and liquefied petroleum gas supplies through at least August, easing concerns over domestic availability as the rapid return of Gulf barrels shifts the global oil market increasingly in favour of buyers.
“We have secured adequate LPG supplies through at least August, wh...
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India’s manufacturing sector activity growth eased in June as demand moderated and export orders weakened. The seasonally adjusted HSBC India Manufacturing Purchasing Managers’ Index (PMI) fell to 54.2 in June from 55.0 in May. The June reading marked the second-weakest improvement in manufacturing health sin...
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Deficient monsoon rainfall has delayed sowing of key Kharif crops— rice, pulses, oilseeds, maize and cotton—with overall sown area being 18.27 million hectares (Mha) as on June 25, a 23% year-on-year decline.
According to the Agriculture Ministry, total sowing till last Thursday was about 16% of the normal...
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The Centre’s fiscal deficit widened sharply year-on-year in the first two months of 2026-27, reflecting higher spending and weaker tax receipts. However, public-finance experts said the fiscal position is likely to improve over the rest of the year as crude oil prices ease and non-tax revenues remain robust.
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The cessation of the conflict in West Asia has significantly improved India’s macroeconomic outlook by easing risks to growth, inflation and the external sector, finance ministry economists said on Tuesday. They, however, cautioned that deficient monsoon rainfall and rising climate-related uncertainties remai...
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India’s financial sector stability risks remain contained, but recurring external shocks could spill over and affect the macroeconomic outlook, the Reserve Bank of India (RBI) said in its Financial Stability Report (FSR) released on Tuesday. However, the central bank asserted that strong fundamentals provide ...
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MARKET & FINANCE
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After sustained intervention by the Reserve Bank of India's (RBI) to support the rupee during a period of heightened volatility triggered by the Middle East conflict, the central bank's net short forward position in the foreign exchange market widened to a record $106.6 billion in May, up from $95 billion in ...
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Net investment by foreign portfolio investors (FPIs) in the domestic debt market surpassed their equity selloff in June, driven by strong demand for government securities following a series of measures announced by the Reserve Bank of India and the central government to attract foreign capital.
FPIs infuse...
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Fintech lenders continued to tighten their grip on India's small-ticket personal loan market, accounting for more than half of all loans below Rs 50,000 by March 2026, even as rising delinquencies signalled growing stress in the segment.
According to the Reserve Bank of India's latest data from the Financi...
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China is intensifying its scrutiny of investments overseas with broad "national security" regulations taking effect from Wednesday, at a time of rising tech competition with Washington.
The new rules, originally announced on June 1, provide authorities with a sweeping legal framework to influence flows of ...
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GLOBAL CORPORATE
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Bloom Energy and Brookfield said on Tuesday they had expanded their partnership to finance power projects for AI infrastructure, boosting their funding framework fivefold to $25 billion to accelerate the global deployment of Bloom's fuel cells.
Shares of Bloom Energy surged 12% in extended trading.
Broo...
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Tesla is expected to report a 5% rise in vehicle deliveries on Thursday for the second quarter.
The gain is likely to stem from higher demand in Europe, where a sharp jump in fuel prices has pushed consumers to choose battery-powered cars.
While demand in China is expected to be stable, U.S. sales are ...
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The lines are growing at Russian gas stations -- and so is the frustration and uncertainty as several months of Ukrainian attacks have set oil refineries ablaze and choked supplies for motorists across the vast country.
Fuel rationing has been introduced in many regions, with hourslong queues of cars snaki...
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Anthropic will restore global access to its most advanced artificial intelligence models on Wednesday following a change in US policy. Claude Fable and Mythos had gone offline for all users last month after the Donald Trump government announced export control curbs to prevent usage by foreign nationals. The ...
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Banking
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The Reserve Bank on Tuesday said Indian financial system remains resilient, underpinned by strong bank and non-bank balance sheets, as gross non-performing assets of banks have touched a multi-decadal low of 1.8 per cent at end-March 2026.
Despite repeated shocks, the global financial system has thus far d...
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Kotak Mahindra Bank will acquire Deutsche Bank’s retail banking, private banking and wealth management business in India, the bank informed the exchanges on Tuesday. The deal size is pegged at Rs 282 crore. The transaction is subject to regulatory approvals, including clearance from the Competition Commission...
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GLOBAL ECONOMY
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New Zealand's economic recovery has been delayed by the oil price shock and heightened global uncertainty, while inflation is expected to rise temporarily to around 4% in mid-2026, the International Monetary Fund said on Wednesday...
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The World Bank will phase out its lending to China by 2031 after years of declining loans, reflecting the country's rise to become the world's second-largest economy, three sources familiar with the plan said on Tuesday.
The Wo...
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Brazil's Treasury said on Tuesday that fiscal targets will become unfeasible from 2028 without new measures, as rising mandatory spending outpaces efforts to contain costs even with maximum freezes on discretionary outlays.
The...
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Japanese business mood climbed to an eight-year high and corporate inflation expectations rose to record levels, a quarterly survey showed, underlining the economy's resilience to the Middle East war and bolstering the case for mo...
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Indonesia's annual inflation rate accelerated to 3.34% in June from 3.08% the previous month, data showed on Wednesday, higher than the median forecast in a Reuters poll and moving closer to the top end of the central bank's targe...
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Turkey's manufacturing sector contracted in June as the war in the Middle East disrupted demand and supply, a business survey showed on Wednesday.
The Istanbul Chamber of Industry's Turkey Manufacturing Purchasing Managers' Ind...
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Cost pressures and supply chain disruption in Italy's manufacturing sector eased in June, a survey showed on Wednesday, reflecting signs of de-escalation in the conflict in the Middle East.
The measure of input cost inflation i...
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France's manufacturing activity grew slightly faster in June than initially forecast, despite ongoing supply-chain pressures caused by transport disruptions due to the Iran war, a business survey showed on Wednesday.
The S&P Gl...
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German factory activity expanded modestly in June as output growth ticked up and new orders rebounded, while the outlook for price trends depends on developments in the Middle East, a survey showed on Wednesday.
The S&P Global ...
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The global AI boom powered Asia's manufacturing sector in June, with brisk demand for technology-related goods offsetting the drag from the Iran war, private surveys showed on Wednesday, offering some relief for the region's expor...
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INDIAN CORPORATE
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Adani Green Energy Ltd on Wednesday said it has surpassed 20 gigawatts (GW) of operational renewable energy capacity, becoming the first clean energy player in India to achieve the milestone through greenfield development.
The ...
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Germany’s Everllence SE is in talks with Indian companies to manufacture two-stroke engines locally for big commercial ships under a licensing agreement and is also weighing plans to make its high-speed, four-stroke engine, the 17...
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In the largest foreign private investment in Indian ports segment, Swiss transport and logistics conglomerate Mediterranean Shipping Company (MSC) will acquire a 49% stake in Adani Vizhinjam Port (AVPPL), the concessionaire for Vi...
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GST
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India's gross Goods and Services Tax (GST) collections rose 13.9% year-on-year to Rs 1,94,812 crore in June 2026, compared with Rs 1,71,105 crore in the same month last year, according to provisional data released by the finance ministry on Wednesday.
The increase was driven by higher domestic and import r...
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Insolvency
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The bankruptcy watchdog on Tuesday proposed a raft of steps, including the exclusion of completed or unaffected housing projects from the rescue process with financial creditors’ approval, as it sought to streamline regulations an...
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