India and the European Union will hold detailed discussions this week on boosting the security and resilience of undersea cables in the Indian Ocean, weeks before the annual India-EU summit scheduled for January 27 in New Delhi. Cooperation on protecting critical submarine infrastructure is likely to feature prominently at the summit, PTI reported.According to the…
India’s exports posted a healthy rise in November after a sharp fall in October, Commerce and Industry Minister Piyush Goyal said on Wednesday, indicating that outbound shipments had regained momentum despite global volatility. He did not reveal the numbers, with the commerce ministry set to release official data on December 15.According to PTI, Goyal said…
Veteran banker Uday Kotak on Wednesday said the rupee’s fall past the 90-per-dollar mark reflects persistent selling by foreign portfolio investors (FPIs) and private equity funds routing money through the FDI channel, even as domestic investors continue to buy into the market, ET reported. His comments came as the currency extended its eight-month decline against…
NEW DELHI: Income tax refunds are experiencing significant delays this assessment year, with tax professionals reporting extended processing times even for routine cases. Official CBDT data shows personal income-tax refunds have dropped to Rs 88,548 crore by early November compared to Rs 1.42 lakh crore in the same period last year. According to official data…
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Gold prices surged on Wednesday, extending their upward momentum in both domestic and international markets, as a weak rupee and expectations of monetary easing in the United States boosted investor appetite for bullion. The sharp depreciation of rupee, which slipped to an all-time low against the US dollar, played a key role in lifting local…
The European Union has agreed on a timeline to completely halt Russian gas imports by autumn 2027, marking a significant escalation in efforts to curb Moscow’s energy revenues as the war in Ukraine approaches its fourth year.The agreement was reached during overnight talks between EU institutions and national governments, ending months of negotiations over how…
The rupee plunged to a historic low on Wednesday, slipping past the 90-per-dollar threshold for the first time amid foreign fund outflows, firm crude oil prices and uncertainty around the India–US trade deal, according to PTI. The lack of visible RBI intervention through most of the session added to market pressure, forex traders said.At the…
India’s exports to the United States have dropped sharply over the last five months after the US increased import tariffs on Indian goods, doubling them from 25% to 50%. A report by the Global Trade Research Initiative (GTRI) shows that exports fell 28.5%, from $8.83 billion in May 2025 to $6.31 billion in October 2025….
