Datanomics: Indian Economy SLI

Datanomics: Indian Economy SLI

India’s economy set to grow to ₹346.36 trillion in 2025-26 (FY26). This was slightly higher than the ₹345.47 trillion estimated in the second advance estimate. The revision reinforces the picture of a growing economy, with gross domestic product (GDP) at current prices growing at a compound annual growth rate of 10.8 per cent between FY11…

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SBI Mutual Fund bought stake

SBI Mutual Fund bought stake

SBI Mutual Fund on Friday bought stake in Adani Enterprises and Adani Energy Solutions from US-based GQG Partners for ₹5,747 crore through an open market transaction. According to block deal data on the National Stock Exchange (NSE), SBI Mutual Fund bought 1,64,39,984 shares representing about 1.3 per cent stake in Adani Enterprises, the flagship unit…

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Now Meesho has more than 75% orders

Now Meesho has more than 75% orders

Meesho said its PRISM recommendation engine is helping shift product discovery away from traditional keyword searches on the platform that serves 264 million annual transaction users. Meesho said more than 75 percent of orders on its platform now come from AI-powered personalized product feeds powered by its proprietary recommendation engine, reflecting the growing role of…

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India's foreign exchange reserves

India’s foreign exchange reserves

India’s foreign exchange reserves rose by US$938 million to US$682.321 billion during the week ended May 28, the Reserve Bank of India said on Friday. In the last reporting week, the kitty fell by US$7.511 billion to US$681.384 billion. The kitty had surged to an all-time high of US$728.494 billion during the week ending February…

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Coal India offers record 35 MT

Coal India offers record 35 MT

CIL will also conduct the next round of short-term auction under the Shakti policy on June 8, in which about 34 million tonnes of coal will be offered to power producers. Image: Bloomberg read 2 minutes Last update: June 05 2026 | 2:52 pm First Coal India Limited (CIL) on Friday announced several measures to…

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The Global North must stop growing

The Global North must stop growing

“However, this requires preventing the Global North from rising, as we have to take seriously the aspiration of countries like India to reach the same level of prosperity as the Global North,” Piketty, a professor at the Paris School of Economics, said on Thursday. “This aspiration is not going to go away, even if people…

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India's $2 billion drone acquisition

India’s $2 billion drone acquisition

The proposed acquisition, being fast-tracked following the recent hostilities with Pakistan and amid growing recognition of drones as critical battlefield assets, is expected to boost indigenous drone production, strengthen supply chains and accelerate investment in defense intensive technology manufacturing. Drone manufacturers said the proposed acquisition is expected to have a multiplier effect on the country’s…

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GMP indicates favorable sentiment

GMP indicates favorable sentiment

Early gray market trends indicate positive investor sentiment towards the initial public offering (IPO) of research-oriented pure-play nutrition company Hexagon Nutrition, which is scheduled to open for public subscription on Friday, June 5, 2026. Through its maiden share sale, the company aims to raise ₹138.87 crore entirely through an offer-for-sale (OFS) issue. The offer involves…

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SNAP stands for achieving the highest F

SNAP stands for achieving the highest F

Pulkit Trivedi, managing director (MD) for India of photo and video-sharing platform Snap. The social media intermediary, with more than 250 million monthly active users, stands to gain the most from this increase in ad spending, Trivedi said, adding that Snap will play to its strengths of being a “GenZ” platform. “The biggest difference we…

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