23 lines
1.2 KiB
Plaintext
23 lines
1.2 KiB
Plaintext
Markets & Economy:
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* The Reserve Bank of India (RBI) has kept the repo rate unchanged at 5.5% and maintained its GDP growth forecast at 6.5%.
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* The RBI has lowered its inflation forecast for the 2026 fiscal year to 3.1%.
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* India's foreign exchange reserves have decreased by $9 billion to $689 billion.
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* The rupee has seen a rise of 15 paise, reaching 87.73 against the U.S. dollar in early trading.
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* In the U.K., the services sector has experienced its most significant drop in orders in nearly three years.
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Corporate News:
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* Intel is reportedly facing challenges with a crucial manufacturing process for its upcoming PC chip.
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* Shareholders are suing Elon Musk, alleging that he made exaggerated claims about Tesla's Robotaxi.
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* News Corp has issued a warning that Donald Trump's AI is using content from his book, "The Art of the Deal."
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* Chinese automakers, including BYD, saw significant increases in their U.K. sales in July.
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Global Trade:
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* There are concerns about the potential impact of tariffs proposed by Donald Trump on the Indian economy.
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Other News:
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* Central GST officers in India have uncovered significant tax evasion amounting to approximately Rs 7.08 lakh crore over the past five fiscal years.
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