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The Congressional Budget Office has lowered its projection of how much President Donald Trump’s tariff increases will reduce US budget deficits over the next decade. The non-partisan agency now expects the duties to cut deficits by $3 trillion through 2035, down from the $4 trillion estimated in August, as per news agency Reuters.According to the…
Reliance Industries on Thursday announced that it stopped importing Russian oil for processing at its export-only refinery from November 20. The company, according to PTI, said that from December 1, all exports from its only-for-exports facility will be produced exclusively from non-Russian oil.This is a developing story. Source link
Oil market participants are intently monitoring India’s immediate and long-term acquisitions of crude oil. (AI image) As US President Donald Trump’s sanctions on Russian oil firms come into effect later this week, Indian refineries are already looking at the Middle-East for their crude oil supply. An increase in oil tanker bookings for Middle East-India routes…
MUMBAI: What’s in store for the Indian markets and the corporates in 2026? As the year 2025-marked by high volatility and single-digit returns for sensex and Nifty-nears its end, brokerages and analysts are queuing up to come out with their predictions and expectations for the coming year.Analysts and strategists from a host of foreign and…
The US trade deficit narrowed by about 24 per cent in August as sweeping tariffs imposed by President Donald Trump reduced imports, according to a delayed Commerce Department report released Wednesday. According to Associated Press, citing the report, the trade gap fell to $59.6 billion in August from $78.2 billion in July. Imports declined 5…
India has stood its ground, continuing buying crude from Russia, despite repeated objections from US President Donald TrumpIn October, crude oil worth $2.5 billion flowed into the country from Moscow, making it the world’s second-largest buyer. India was second only to China, which purchased $3.7 billion, according to the Helsinki-based Centre for Research on Energy…
Toy exporters, who began the financial year with strong dispatches due to early festive shipments and advance buying from US customers, are now having to cut prices and change packaging to cope with the slowdown. The slump comes after American buyers shifted to other sourcing markets following the United States’ decision to impose a 50%…
Lucknow: In a nail-biting contest between BSP’s Satish Kumar Singh Yadav and BJP’s Ashok Kumar Singh in the Ramgarh constituency, the BSP candidate managed to pip his rival by a mere 30 votes. Ramgarh is the only seat that the BSP won out of the 190 it contested in Bihar this time. Yadav secured 72,689…
Ratings agency Moody has predicted that India’s economy will grow at a strong 6.5% through 2026 and 2027. (AI image) India will continue to be the world’s fastest growing major economy in the coming years, despite its exports taking a hit after Donald Trump administration’s 50% tariffs, according to the latest global economic outlook report…
The Union Cabinet on Wednesday approved the Export Promotion Mission (EPM) to establish a structure for enhancing India’s export capabilities. (AI image) The Modi government’s move to approve an Export Promotion Mission aimed at countering the impact of the global trade situation may be laced with implementation challenges, says Ajay Srivastava, founder of Global Trade…
