India’s trade with Brics countries gathered pace over the past five years, making the bloc a significant part of the country’s imports. However, this growing trade also reflects a bigger problem: India is relying more on imports from the bloc, pushing its trade deficit higher.A report by Rubix Data Sciences said India’s bilateral trade with…
Your next biryani bowl, burger or that cheesy treat may soon cost a little extra. With fuel prices rising, India’s restaurants and delivery apps are bracing to make food 5-10% pricier from next week, as an industry already battling LPG shortages, soaring gas costs and staff crunches adds yet another expense to the menu.With LPG…
MUMBAI: The rupee hit a record low of 96.14 against the US dollar on Friday before settling at 95.97, one paise lower than its previous close, as global and domestic pressures weighed on the currency.The decline comes amid a widening current account deficit, continued selling by foreign investors, and broader macroeconomic pressures, while global developments…
MUMBAI : Markets regulator Sebi and the Central Board of Direct Taxes (CBDT) have removed some of the Income Tax Permanent Account Number (PAN)-related difficulties that foreign funds were facing in order to register themselves in India. The move is part of Sebi’s ease of investing initiative to simplify registration process for foreign portfolio investors.After…
NEW DELHI: India and the UK are working on a “unique and creative solution” to address issues arising from Britain’s recent steel safeguard measure, which is delaying the operationalisation of the Comprehensive Economic and Trade Agreement (CETA).The two countries, on July 24, 2025, signed the pact, under which 99% of Indian exports would enter the…
NEW DELHI: Higher petroleum prices propelled India’s exports to $43.6 billion, the highest monthly level in over four years, showing a 13.8% growth, which is fastest in five months. Imports rose at a more moderate pace of 9.9% to $71.9 billion, resulting in a trade deficit of 28.3 billion, a three-month high.Oil product exports jumped…
MUMBAI: Despite a hike in retail fuel prices for petrol and diesel, stocks of oil marketing companies (OMCs) were deep in the red as market players said the price hike was not enough to offset daily losses these companies are incurring. Reports from Crisil and ICRA indicated that more price hikes are expected. Among the…
NEW DELHI : Your daily consumption basket, including staples, packaged foods and household essentials, could become more expensive in the months ahead as rising fuel prices push up supply chain and input costs. The fuel price revision, amid the ongoing West Asia conflict, is expected to add fresh pressure on FMCG companies, prompting them to…
Maharashtra’s charity commissioner has ordered Tata Trusts to defer board meetings and launched an inquiry into complaints filed by vice-chairman Venu Srinivasan and advocate Katyayani Agrawal, stating that “the issues highlighted by them are serious and require due consideration.” The development deepens a governance dispute at one of India’s most influential philanthropic institutions where Srinivasan…
NEW DELHI: Amid mounting losses, public sector oil firms announced the much-anticipated increase in petrol and diesel prices, raising it by around Rs 3 a litre across metros on Friday, which was lower than expected. Piped kitchen gas prices were, however, left unchanged.Oil company executives did not rule out the possibility of a further increase…