March 7, 2026

Business

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Trade push: India seeks faster Russian clearances as both sides target $100 bn by 2030; pharma and marine approvals on priority

contact@dailyupdatesindia.com02 mins

India has asked Russia to fast-track approvals for Indian exporters –including expedited listing of domestic establishments and quicker registration of marine and pharmaceutical products — as part of a broader push to expand two-way trade, the commerce ministry said on Thursday.Commerce secretary Rajesh Agrawal, currently in Moscow, stressed the need for “confidence-building measures to unlock…

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Market pulse: Is India the contrarian bet against the global AI frenzy? Jefferies explains the ‘reverse AI trade’

contact@dailyupdatesindia.com04 mins

India has slipped into the “reverse AI trade” category within emerging markets after an unusually weak year, even as strong domestic inflows prevented a sharper slide, ET reported, citing Chris Wood, global head of equity strategy at Jefferies.In his Greed & Fear note, Wood pointed out that India has lagged the MSCI Emerging Markets Index…

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Forex tracker: Reserves drop $2.7 bn to $687 bn; weekly decline driven by FCA and gold

contact@dailyupdatesindia.com01 mins

India’s foreign exchange reserves fell for the third consecutive week, slipping by $2.699 billion to $687.034 billion for the week ended November 7, according to data released by the Reserve Bank of India (RBI) on Friday.The forex kitty had already declined by $5.623 billion in the previous week to $689.733 billion, extending what has become…

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Regulatory shift: India withdraws QCOs on key raw materials; GTRI warns of import-surge risks

contact@dailyupdatesindia.com03 mins

India’s move to scrap Quality Control Orders (QCOs) on a wide basket of raw materials across textiles, plastics and mining has brought immediate relief to manufacturers, even as the Global Trade Research Initiative (GTRI) has urged the government to keep a tight watch on possible import surges, ANI reported.The withdrawal, notified on November 13, eliminates…

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Another AI boost for Andhra! Ambani’s Reliance announces 1 GW data centre; soon after Google’s investment

contact@dailyupdatesindia.com02 mins

Andhra Pradesh is set to see another major AI boost, months after Google announced its AI data centre investment. This time, Reliance Industries has announced setting up a 1 GW AI-focused data centre in the south Indian state. The upcoming Reliance facility will be built as a modular unit equipped with graphic processing units, tensor…

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IPO boom: Large IPOs hit 17x subscription on strong liquidity; what it means for investors

contact@dailyupdatesindia.com03 mins

Large public issues, usually known for testing investor appetite, have emerged as the standout theme of India’s 2025 primary market. Contrary to earlier cycles where big IPOs struggled to draw heavy bids, this year has seen large issues attract some of their strongest-ever subscriptions, supported by abundant institutional liquidity and sharper investor selectivity.According to an…

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Gold price today: How much 22K and 24K gold costs in your city; know rates for Delhi, Mumbai & more

contact@dailyupdatesindia.com02 mins

Gold prices slipped in the domestic derivatives market on Friday, mirroring the softer trend overseas as traders reacted to easing expectations of a near-term US Federal Reserve rate cut.Gold contracts on the Multi Commodity Exchange (MCX) opened weak and stayed under pressure through the session. The December futures dropped by Rs 345, or 0.27%, settling…

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Chinese retail sales: Slowest growth recorded since August 2024; external instability, domestic pressures & more concerns weigh

contact@dailyupdatesindia.com03 mins

China’s consumer spending lost further momentum in October, with official figures showing the weakest pace of retail growth in more than a year.The numbers, released on Friday highlight the difficulty authorities are facing as they try to lift confidence among households still reluctant to spend.According to the National Bureau of Statistics (NBS), retail sales were…

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India’s FTA push: Negotiations with EU, US, Oman, New Zealand, & more ongoing; ‘many more wanting us to start,’ says Goyal

contact@dailyupdatesindia.com02 mins

Commerce and industry minister Piyush Goyal on Friday outlined India’s ongoing plan to expand its free trade agreement network, saying that discussions are underway with the US, the European Union, New Zealand, Oman, Peru and Chile.Speaking at the CII Partnership Summit 2025, Goyal also highlighted the scope for infrastructure collaboration, stating that the India Trade…

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