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Vegetable oil imports jump 51% in September: Surge in crude palm oil drives growth; refined shipments fall to zero

India’s vegetable oil imports rose sharply by 51% in September to 16.39 lakh tonnes, boosted by higher crude palm oil (CPO) shipments, even as refined oil imports fell to zero for the first time since 2021, the Solvent Extractors’ Association of India (SEA) said on Wednesday.Total vegetable oil imports — including both edible and non-edible…

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‘Drivers of India’s economic growth’: PSU banks post stronger credit growth; DFS Secretary push for digital services

Public sector banks have demonstrated stronger performance and resilience recently, with credit growth surpassing that of private banks, Financial Services Secretary M Nagaraju said on Tuesday. He attributed the trend to improved due diligence, enhanced credit underwriting standards, and better monitoring of project loans.Speaking at the inauguration of Punjab & Sind Bank’s MSME Sports Cluster…

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Trump tariffs: IMF upgrades US & global economy growth outlook; but cautions on impact of trade tensions flaring up

The IMF predicts that the US economy will achieve 2% growth in 2025, surpassing their July projection of 1.9%. (AI image) Donald Trump’s tariff policies have not proved to be as detrimental to US and global economic growth prospects as previously envisioned by the International Monetary Fund. In its latest World Economic Outlook for 2025,…

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India’s GDP growth: IMF revises forecast upwards to 6.6%; 2026 outlook revised downwards on Trump tariff impact

In India, growth is projected to be 6.6 percent in 2025 and 6.2 percent in 2026. (AI image) The International Monetary Fund (IMF) on Tuesday raised India’s GDP growth outlook for 2025 to 6.6% from 6.4% earlier, while downgrading the GDP growth projections for 2026 to 6.2%.“In India, growth is projected to be 6.6 percent…

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EY and Microsoft launch AI skills passport: Free program to train youth in AI; focus on career growth

EY and Microsoft on Saturday launched the AI Skills Passport, a free online learning initiative aimed at equipping Indian students and early-career professionals with essential artificial intelligence (AI) skills. The program targets individuals aged 16 and above and is designed to bridge the country’s growing AI skills gap, according to an EY statement, ANI reported.Part…

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‘Kantara: Chapter 1’ box office collection day 11 (LIVE): The Rishab Shetty movie crosses Rs 420 crore in India, sees growth on second Sunday | Hindi Movie News

‘Kantara: Chapter 1’ has taken over the box office and how. While the Rishab Shetty directorial also starring him along with Rukmini Vasanth and other actors had a huge opening of over Rs 60 crore on day 1 in all languages, it slowly began to see a drop. It had released on October 2 which…

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Bilateral reset: India, Canada explore new growth avenues as ministers meet; clean tech and minerals on focus

Commerce and Industry Minister Piyush Goyal on Saturday held discussions with his Canadian counterpart Maninder Sidhu on strengthening economic cooperation, signalling a possible thaw in bilateral trade relations that had soured in recent years.“We discussed ways to find mutually beneficial opportunities for our businesses to capitalise on the complementarities offered by our two economies. I…

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India poised to drive one-fifth of global GDP growth; resilient to external shocks: Shaktikanta Das

India is expected to contribute about 20% of global GDP growth, underpinned by strong domestic demand and prudent macroeconomic and financial sector policies that have helped it withstand external shocks, Shaktikanta Das, Principal Secretary-2 to Prime Minister Narendra Modi, said on Saturday.Addressing the 85th Kale Memorial Lecture on “Indian Economy in a changing global order”…

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