Latest News, Updates & Breaking Headlines
India has condemned attacks on commercial shipping in the Strait of Hormuz, calling them “unacceptable,” as the International Maritime Organization (IMO) urged coordinated action to safeguard civilian vessels in the Gulf region.Addressing the 36th extraordinary session of the IMO Council in London on Thursday, Vikram Doraiswamy, India’s ambassador to the UK, emphasised New Delhi’s commitment…
Gulf Air has opened passenger registration for a limited number of special flights operating from Saudi Arabia’s Dammam as the temporary closure of Bahrain’s airspace continues to disrupt normal operations. In an update shared with travellers, the Bahraini national carrier said it will operate daily return flights from King Fahad International Airport in Dammam starting…
The Middle East conflict is entering another week, and its ripple effects are already being felt across the global economy. As tensions intensify, trade flows, energy supplies and food production are coming under strain at a time when markets already spent the last year grappling with tariffs and other disruptions.Although the latest escalation began just…
The US economy unexpectedly shed jobs in February, marking a sharp reversal from the previous month and raising fresh concerns about the strength of the labour market.Data released by the US Labor Department on Friday showed the world’s largest economy lost 92,000 jobs in February, compared with job growth of 126,000 in January, reported AFP.The…
Maharashtra continues to remain India’s largest state economy in absolute terms, but its economic growth has been the slowest among the country’s four biggest state economies over the past four years, according to official data.The state’s Gross State Domestic Product (GSDP) is projected at Rs 42,67,771 crore in 2024-25, the highest among all states, reported…
Petroleum is the most immediate area of exposure. In 2025, India sourced roughly $70 billion crude oil and petroleum products from West Asia. (AI image) Beyond oil, the Middle East crisis has other implications for the Indian economy, especially if the US-Israel-Iran war continues for a long duration leading to major supply disruptions. In recent…
Raising a child in today’s economy isn’t just about love, care, and dreams. It’s more about smart planning and careful budgeting. Even before the baby is born, mamma and papa are already thinking ahead, carefully categorizing their everyday savings to secure their child’s future.As the cost of raising babies into full fledged adults continues to…
Canadian Prime Minister Mark Carney in India Canadian Prime Minister Mark Carney arrived in Mumbai on Friday, beginning a four-day visit to India. He will also travel to New Delhi on March 1 and hold talks with Prime Minister Narendra Modi on March 2, according to the official schedule.The Canadian PM made a statement on…
Several methodological improvements have been made in the way GDP is calculated. (AI image) India has retained its tag of the world’s fastest growing major economy in the third quarter of the financial year 2025-2026, with a better-than-expected GDP growth of 7.8%. This is despite the third quarter being the first full three months of…
Indian economy (AI image) India is the world’s fastest growing major economy – a feat it has consistently achieved for some time now. Based on the new GDP series, India’s economy grew at 7.8% in the third quarter of the current financial year, a marginal slowdown from 8.2% in the previous quarter, but above consensus…
