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FM Sitharaman hails economy’s resilience amid global turmoil

Mint Mumbai

|

September 26, 2025

Finance minister Nirmala Sitharaman hailed India’s economic resilience amid global turbulence, emphasizing that proactive fiscal and monetary measures, structural reforms and extensive infrastructure development have helped the country withstand uncertainties.

- Rhik Kundu

FM Sitharaman hails economy’s resilience amid global turmoil

Sitharaman noted that rating agencies have revisited their assessment of India.

(PT)

Speaking on Thursday at the foundation day celebrations of state-run Bank of Maharashtra in Pune, Sitharaman said that despite the upheaval felt across the globe, India’s strong macroeconomic fundamentals, a young demographic profile and reliance on domestic demand form the core strength of the economy, enabling it to see off global shocks and maintain a high growth momentum.

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IndoSpace Core acquires six logistics parks for over $300 mn

IndoSpace Core, a joint venture between the Canada Pension Plan Investment Board, or CPP Investments, and IndoSpace, has acquired six industrial and logistics parks valued at over $300 million.

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Businesses mustn't wait for a global climate consensus

This year’s United Nations climate summit in Belém, Brazil, ended last week. Countries made promises on paper and avoided hard decisions. Having gathered nearly 200 nations to chart out climate action, CoP-30 produced a ‘Belém Political Package’ that deferred questions rather than answer them. We should not pretend that this is progress.

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Husk Power aims to raise $400 mn

Husk Power Systems, the world’s biggest solar mini-grid operator, has begun an industry-record capital raise of $400 million as it seeks to grow revenue 10-fold by 2030 and prepare for an initial public offering (IPO).

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Don't make AI models but make the most of what exists

Earlier this year, Amazon announced that it was eliminating 4,000 management positions because artificial intelligence (Al) tools had rendered those middle-management roles redundant.

time to read

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The Federal Reserve’s tool for calming short-term funding markets is being tested

The Federal Reserve is struggling to persuade some banks to use a lending tool designed to improve the central bank’s control over short-term money markets.

time to read

3 mins

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Wipro to enter pet foods with ‘HappyFur’

Wipro Consumer Care and Lighting, the consumer venture of Wipro Enterprises, is set to enter India’s fast-growing pet food market with a new brand, ‘HappyFur’, said three people aware of the plan.

time to read

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KKR strengthens its play in Lighthouse

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time to read

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JioMart pulled up for uncertified walkie-talkies

India's top consumer watchdog has held Reliance JioMart guilty of misleading advertisements and unfair trade practices by allowing the sale of uncertified walkie-talkies on its platform, government officials aware of the matter said, in a first such action against an e-commerce portal.

time to read

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Old medical history vs current claims: What do Irdai rules say?

My insurer has rejected my claim for acute motor axonal polyneuropathy, citing nondisclosure of resolved 2008 ankylosing spondylitis diagnosis. As it was fully cleared, I didn’t consider it relevant when buying the policy. Can insurers deny the claim on this basis, and what do Irdai rules say?

time to read

2 mins

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