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India’s external accounts have deteriorated modestly, though less than expected. Data released by the RBI showed that the current account deficit (CAD) widened to $13.2 billion or 1.3% of GDP, in Dec quarter of FY26 from $11.3 billion (1.1% of GDP) a year earlier.The slippage was driven largely by merchandise trade, as exports to the…
The US trade deficit in goods widened to a record level in 2025 even as overall trade flows expanded, underscoring persistent import strength despite tariffs imposed during President Donald Trump’s first year back in office, according to the US government data.Data released by the Commerce Department showed the US goods deficit reached $1.24 trillion in…
Benchmarking its market access strategy to product sensitivity, India will grant quota-based duty concessions in the automobile sector while offering market access to alcoholic beverages under tariff reduction and minimum import price-based formulations under the trade pact with the United States, the government said on Monday, PTI reported. Under the agreement, tariffs on $30.94 billion…
New Delhi: India’s trade deficit widened to $25 billion in Dec as imports grew 9% to $63.6 billion, driven by electronics, fertiliser and silver shipments. In contrast, exports went up 1.9% to $38.5 billion with the value of consignments to the US staying flat.Exports to the US, where Indian goods face a 50% tariff, were…
The Centre’s fiscal deficit stood at Rs 9.76 lakh crore at the end of November, accounting for 62.3% of the full-year budget estimate for 2025-26, government data released on Wednesday showed, PTI reported.The deficit was higher than the 52.5% recorded during the same period last year, reflecting a faster pace of expenditure relative to revenue…
The mutual fund industry in India reached a milestone in November, with total assets under management rising to Rs 80.80 lakh crore, marking a 18.7 per cent year-over-year growth from Rs 68.08 lakh crore. It added over Rs 12.7 lakh crore to its asset base in the past year, according to Franklin Templeton’s “Mutual Fund…
Luthra brothers (File photo) NEW DELHI: A Goa court on Wednesday sent Saurav Luthra and Gaurav Luthra to 5-day police custody in connection with the devastating fire at an Arpora club venue. The Luthra brothers are the owners of the Birch by Romeo Lane nightclub, which was engulfed in fire that claimed 25 lives.The brothers…
Emergency workers transport a person on a stretcher after shooting at Bondi Beach in Sydney. (Photo: AP/PTI) Australian police on Sunday said they had discovered an “improvised explosive device” inside a vehicle linked to a suspect in the deadly shooting at Sydney’s Bondi Beach.“We have found an improvised explosive device in a car which is…
Lalu Prasad’s daughter, Rohini Acharya, has voiced concerns about women’s safety in Bihar, advocating for parental homes to be secure havens. Her appeal follows a public fallout with her family, where she alleged accusations of ulterior motives behind her kidney donation to her father. Acharya believes societal and political shifts are crucial to protect women…
Luxury home prices in India’s top seven cities appreciated 40% between 2022 and 2025, while affordable homes saw a more modest rise of 26%, according to an ANAROCK Research analysis of average price trends.Delhi and NCR recorded the highest average luxury home price appreciation at 72%, with prices jumping from Rs 13,450 per sq. ft….
