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The Centre’s fiscal deficit stood at Rs 9.8 lakh crore at the end of January, accounting for 63 per cent of the full-year Budget target for 2025-26, according to data released by the Controller General of Accounts (CGA), PTI reported.The deficit level was lower compared with 74.5 per cent of the annual target recorded during…
BENGALURU: Ola Electric Mobility reported revenue of Rs 504 crore for the Dec quarter, down 57% year-on-year from Rs 1,172 crore and 33% from Rs 756 crore in the Sept quarter. The company reported a loss of Rs 487 crore, narrower than the Rs 564 crore loss a year earlier but wider than the Rs…
MUMBAI: A new flyover in Mira-Bhayander has triggered public scrutiny after a viral social media post flagged what appeared to be an abrupt reduction from four lanes to two. Responding to the criticism, MMRDA denied any design flaw, maintaining that the lane transition is a planned engineering decision.The row erupted after a post by the…
IndiGo’s dominance of India’s domestic aviation market weakened in November after operational disruptions earlier in the month, with the carrier’s market share sliding to 63.6 per cent, according to official data released by the Directorate General of Civil Aviation (DGCA), PTI reported. Despite remaining the country’s largest domestic airline, IndiGo’s share declined from 65.6 per…
Decline in trade deficit is attributable to decreased imports of gold, oil and coal. (AI image) India’s merchandise trade deficit of India dropped to $24.53 billion in November from $41.68 billion in October. This decline is attributable to decreased imports of gold, oil and coal, as shown in official government data released on Monday.India’s exports…
MUMBAI: India’s current account deficit narrowed to $ 12.3 billion, or 1.3% of GDP, in the Sept quarter, improving sharply from $20.8 billion, or 2.2% of GDP, a year earlier. The deficit, however, deteriorated quarter-on-quarter from $2.4 billion, or 0.2% of GDP, recorded in the June quarter. For the first half of FY26, the gap…
Public sector banks (PSBs) have registered their strongest advance growth since 2010, surpassing private lenders for the first time in over a decade. According to a Systematix Group report cited by news agency ANI, PSBs reported 12.2% year-on-year growth in advances in FY25, compared to 9.5% by private sector banks (PVBs).The report noted that PSBs…
NEW DELHI: Goods exports rose 6.7% to $35.1 billion in Aug – possibly due to exporters advancing shipments to beat higher US tariffs – while imports dropped 10% to $61.6 billion, helping narrow the trade deficit.“Despite global uncertainty, the trade policy uncertainty, India’s exports have done extremely well. It shows that the policies have worked…
This exports and imports data report marks the first since the United States imposed a 25% tariff on Indian products on August 7. (AI image) With businesses front-loading shipments, India’s exports experienced a second consecutive monthly increase during August, following the implementation of US President Donald Trump’s tariffs.This exports and imports data report marks the…
India’s merchandise exports rose 6.7 per cent year-on-year to $35.1 billion in August, while imports fell 10.12 per cent to $61.59 billion, according to government data released on Monday.Exports were valued at $32.89 billion in the same month last year, while imports had stood at $68.53 billion, PTI reported.The country’s trade deficit narrowed to $26.49…
