Deficit widens 31.5% to $15bn in July, electronics exports surge 11-fold India’s trade gap widened in July as imports grew faster than exports, with the combined merchandise and services deficit rising 31.5% year-on-year to $15.03 billion, according to data released by the commerce ministry.Exports of goods and services rose 13.3% to $80.14 billion in July…
The latest wholesale inflation figures, coming a day after softer consumer inflation data, have reduced expectations of an imminent rate hike. US stock market today: Wall Street benchmarks moved closer to record territory on Thursday after fresh data suggested inflationary pressures continued to ease. Markets also found support from another decline in oil prices, extending…
Wholesale prices in the US cooled in July, offering a welcome sign that inflation may be losing some momentum as lower energy costs helped ease price pressures.Data released by the labor department showed that the producer price index (PPI), which tracks prices received by producers before they reach consumers, increased 4.7% from a year earlier…
Government plans processing parks in 4 states India’s critical mineral roadmap is advancing, with the government set to establish four dedicated critical mineral processing parks in Gujarat, Maharashtra, Andhra Pradesh and Odisha. The initial focus will be on building domestic processing capacity for lithium and nickel, mines secretary Keshav Chandra said on Thursday.The proposed parks…
A sharp cut in Russian crude imports could raise India’s oil import bill, disrupt refinery operations. With Russia’s share in India’s oil imports progressively climbing up, any abrupt shift away from Moscow’s crude appears unlikely in wake of the fresh Trump tariff threat emerging from the US, says Global Trade Research Initiative (GTRI) in its…
For IT professionals, the path to higher salaries is changing. The Indian IT sector is in the midst of an employment flux – hiring, firing, and increment trends are fast changing. The advent of artificial intelligence has rendered some roles redundant while also introducing newer job positions for specialised talent.The phase is marked by slower…
The proposed bill would empower US President to levy tariffs on countries that purchase large volumes of crude oil from Russia. India faces the fresh prospect of being levied up to 100% tariffs if the Donald Trump administration is able to get a new Russian sanctions bill cleared and the US President exercises the power…
Earlier this week, Parliament cleared amendments to the Payment and Settlement Systems Act, 2007. A Parliamentary panel has called for the early rollout of a calibrated Merchant Discount Rate (MDR) on high-value digital transactions. According to the panel the framework is essential to make the payments ecosystem financially viable and reduce the government’s subsidy burden.Earlier…
MCX Gold has initiated a bullish bias following a breakout from the consolidation. Gold and silver price prediction today: Both gold and silver prices are showing a bullish bias over the last few sessions, says Abhilash Koikkara, Head – Forex & Commodities, Nuvama Professional Clients Group. MCX Gold Price Outlook MCX Gold has initiated a…
India is bolstering its energy security by planning strategic reserves of crude oil (representative image) NEW DELHI: India is looking to expand its strategic petroleum reserves with new facilities at Bina in Madhya Pradesh and Bikaner in Rajasthan, besides adding storage capacity at Mangalore, to strengthen the country’s energy security against supply disruptions.According to a…
