🏦 Economy / Policy
• Asian Development Bank has cut regional growth forecasts due to the economic impact of the West Asia war 🌍📉
• India’s GDP growth could slip to ~6% in FY27 if crude averages $120/barrel, according to EY 📊
• Government has proposed motor vehicle rule changes to accelerate 100% ethanol fuel adoption, boosting energy security 🛢️🌱
• Rupee hit a record closing low of 94.85/$ amid crude-led pressure on the currency 💱⚠️
• Rare Earth Corridor is gaining traction with Andhra Pradesh targeting ₹50,000 crore investment, strengthening strategic minerals ecosystem 📈
🏢 Companies / Sectors
• Cognizant launched Project Leap, signalling layoffs and a shift toward an AI-led operating model 💻📉
• ICRA estimates oil marketing companies may face ₹80,000 crore LPG under-recoveries in FY27 if global prices stay elevated 🛢️📊
• Electronics manufacturers plan to cut output by 10–20% due to a global memory-chip shortage, impacting near-term volumes 📉
🌍 Global / World
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