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Business
Power and Infrastructure Sectors Propel 17% Credit Growth in Industry
Bank lending to the industrial sector in India has shown a notable shift in focus during the first two months of FY27, with the power sector leading the charge. Gross…
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Business
Crude Oil Prices Decline as OPEC+ Reveals Plans to Increase Output Targets Starting in August
Oil prices dipped early on Monday following OPEC+’s decision to raise production targets for the fifth consecutive month. Brent crude fell 0.58% to $71.70 a barrel, while WTI crude decreased…
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Business
Rupee Declines 10 Paise Amid Strong Dollar and Geopolitical Concerns, Overlooking Positive Signals
Rupee began the week on a weaker note, slipping 10 paise to 95.28 against the US dollar in early trade. The decline was attributed to a stronger dollar overseas and…
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Business
Apple Industry Faces Challenges in Himachal Pradesh Amid Climate Pressures Impacting Rs 5,000 Crore Economy
Himachal Pradesh’s apple economy, valued at ₹5,000 crore, is facing a significant downturn this year due to adverse climate conditions. Unseasonal rains, hailstorms, and erratic weather patterns are expected to…
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Business
Nuclear Power Initiative: India Seeks Uranium Supply Agreement with Australia During PM Modi’s Visit
Prime Minister Narendra Modi’s visit to Australia this week is expected to culminate in a significant uranium supply agreement. This deal aims to bolster India’s nuclear power program as the…
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Business
Essential Checklist: Common Mistakes to Avoid in Online ITR Filing for FY 2025-26
Filing income tax returns (ITR) for the financial year 2025-26 requires careful attention to detail. Taxpayers must ensure they select the correct ITR form and accurately report their income to…
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Business
IOCL and HPCL Secure 7 Million Barrels of Crude Oil Supplies
India’s state-owned oil refining companies have ramped up crude oil purchases, securing approximately 7 million barrels through recent tenders. Indian Oil Corporation (IOC) and Hindustan Petroleum Corporation (HPCL) are the…
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Business
Morgan Stanley Maintains Optimistic Outlook on Indian Equities Amid Market Challenges
India’s recent market cool-off may be a temporary phase, according to Morgan Stanley. The brokerage suggests that stronger economic growth could help the country regain lost valuation ground and bolster…
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Business
Crude Oil Relief: OMCs Poised to Achieve Break-Even on Petrol and Diesel Rates, Implications for Retail Prices
Public sector refiners in India have reported staggering losses exceeding Rs 75,000 crore during the first quarter of the current financial year. Despite a potential break-even point for state-run oil…
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Business
India’s LPG Imports Surge: Doubling Gas Purchases from the US to Reduce Dependence on Gulf Supply
India is actively seeking to diversify its Liquefied Petroleum Gas (LPG) supply sources, with the United States emerging as a significant supplier amid ongoing geopolitical tensions in the Middle East.…
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Business
OPEC+ Approves New Oil Production Increase for August Following Reopening of Strait of Hormuz
OPEC+ has announced an increase in its oil production targets, raising output quotas by 188,000 barrels per day (bpd) starting in August. This decision, made during an online meeting, follows…
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Business
Government Reports 15 Ships Transporting Urea, DAP, and Sulphur to India Cross Hormuz
Despite recent disruptions in the Middle East, India’s fertiliser supply chain remains stable. The Ministry of Chemicals and Fertilisers reported that 15 out of 20 vessels carrying fertilisers and raw…
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Business
Stable Demand in FMCG Sector for Q1; Companies Highlight El Nino Risks
MUMBAI: Demand for soaps, shampoos, packaged food, and other household supplies remained stable in the June quarter, despite price hikes amid a broader inflationary environment influenced by the West Asia…
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Business
Urban Buyers Allocate Two-Thirds of Weekly Spending on Saturdays and Sundays
NEW DELHI: Urban consumers in India are significantly increasing their spending on weekends, with nearly two-thirds of their weekly expenditure occurring on Saturdays and Sundays. A study by PRICE and…
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Business
Increase in Early Life Policy Exits Signals Potential Mis-selling Issues
MUMBAI: The Reserve Bank of India’s (RBI) Financial Stability Report has highlighted a concerning trend in the life insurance sector, noting a significant increase in early exits from policies. Surrenders…
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