NEW DELHI: Despite Indian exports seeing good growth in recent months, India’s trade deficit with China has topped the $100 billion mark for the first time, with still a month left for the fiscal year to close.Latest data released by the commerce department estimated the trade deficit during April-Feb at $102 billion, as against $91.1…
MUMBAI: Ahead of the onset of peak summers, a brisk business season for consumer durables companies, some air conditioner makers are feeling the heat of the West Asia conflict as restricted supplies of LPG and shortage of petrochemicals are beginning to hit production, industry executives said.LPG is used in processes such as brazing of copper…
MUMBAI: The rupee closed at 92.42/$, four paise firmer than 92.46, yet close to last week’s 92.48 record low. Losses stayed capped amid likely RBI support via state-run banks. Gulf tensions kept oil prices high, while US efforts to rally allies to secure Hormuz shipping lanes have made little headway. Brent crude rose over 1%…
MUMBAI: Shares of IDBI Bank fell as much as 16.5% on Monday to Rs 77. The decline wiped out over Rs 16,000 crore in market capitalisation after reports said govt may shelve bids for a majority stake in the lender because offers were below its minimum price expectations. Govt has been attempting to sell its…
NEW DELHI: Amid lobbying by car companies, govt may end up deferring the implementation of Corporate Average Fuel Efficiency norms (CAFE 3.0) beyond April 2027. The PM’s Office has held two meetings during the last three weeks and more deliberations on the issue are planned to work out a formula that is acceptable to industry…
NEW DELHI: Magicbricks has partnered with National Real Estate Development Council (NAREDCO) to institutionalise research-led conversations, structured policy dialogue, and large-scale knowledge dissemination across India’s real estate ecosystem. This collaboration is set to strengthen data-driven engagement in the system.\Coming at a time when the sector is transitioning from cyclical volatility to a more formalised and…
. NEW DELHI: HFCL has entered into a long-term supply agreement with an undisclosed company for high-quality, high-fibre-count Optical Fiber Cables (OFC) through its overseas wholly-owned subsidiary. It said the potential value was $1.1 billion. Ready to Make a Smarter Property Decision? Build Your Legacy with TOI Homes. Source link
Indian IT stocks had already experienced a notable drop earlier this year. (AI image) Indian IT shares tank! Shares of Indian IT companies dropped by as much as 6% on Tuesday after fresh artificial intelligence announcements from global chipmaker Nvidia, which reignited concerns about AI-driven disruption in the technology services sector. Investor caution also remained…
Gold price prediction today: Gold prices will continue to take cues from crude oil prices, says Praveen Singh, Head Currencies and Commodities, Mirae Asset ShareKhan. Source link
NEW DELHI: : WPI inflation inched up in Feb, led by rise in food and mineral product prices. Experts said elevated energy prices triggered by West Asia conflict could exert upward pressure. Inflation, as measured by wholesale price index rose annual 2.1% in Feb, higher than previous month’s 1.8%. Source link