The February deficit is lower than the $34.68 billion recorded in January, when a sharp rise in imports widened the trade gap to the highest level in several months. NEW DELHI: India’s merchandise trade deficit narrowed to $27.1 billion in February as imports moderated from the previous month, though elevated purchases of energy, gold and…
S&P Global Ratings have recently revised its 2026 average price assumption for Brent crude oil prices by $5 to $65 S&P Global Ratings on Wednesday said profit margins of oil marketing companies like IOC, BPCL and HPCL, could suffer as they are likely to keep retail prices of petrol and diesel unchanged to curb inflationary…
After Gurugram and Mumbai, Noida and Greater Noida were the favorites as the twin cities together sold Rs 9,358 crore worth homes in the ultra-luxury segment in CY 2025. Gurugram clocked transactions worth Rs 24,120 crore in the Rs 10-crore-plus segment during calendar year 2025 — a record for any Indian city In a…
Underscoring the growing importance of small and medium enterprises (SME) platforms as “powerful engines” for capital formation, the Securities and Exchange Board of India (Sebi) Chairman Tuhin Kanta Pandey on Wednesday flagged “egregious instances” of SMEs misusing regulatory relaxations, including diversion of funds and market manipulation. “These instances adversely affected investor confidence,” Pandey said,…
RBI announced over $23 billion in liquidity measures via repos, FX swaps and bond buys to ease banking system stress amid rising yields and rupee pressure The RBI has bought 3 trillion rupees of bonds during December-January, boosting the note-purchase tally for the fiscal year to a record high of 5.7 trillion rupees The…
Zomato’s Deepinder Goyal on Wednesday announced that he is stepping down from the role of Eternal Group Chief Executive Officer, effective February 1, according to a company filing. In a letter to shareholders, Goyal said, “Of late, I have found myself drawn to a set of new ideas that involve significantly higher-risk exploration…
Ahead of its IPO, Bharat Coking raised ₹273.13 crore from 15 institutional investors through an anchor book on January 8 Bharat Coking Coal IPO:The initial public offering (IPO) of Bharat Coking Coal, a subsidiary of Coal India, opens for public subscription on Friday, January 9, 2026. The ₹1,071.11 crore mainline offering comprises an offer for…
Rates of expansion in incoming new work and output eased to the slowest in 11 months, with companies refraining from recruiting additional staff New Delhi: India’s services sector growth declined to an 11-month low in December amid slow expansion in new businesses, according to a private survey on Tuesday. The seasonally adjusted HSBC…
US military operation in Venezuela followed months of rising tensions, during which Washington sank more than 30 suspected drug-smuggling vessels since September 2025 The US military operation in Venezuela has raised concerns about who else may be on President Donald Trump’s firing line. On January 3, the US launched a large-scale operation in Venezuela’s capital…
Zomato clarified that the higher incentive move for delivery workers on December 31 was a regular process and did not relate to the ongoing strike by gig workers. Food delivery platform Zomato has hiked the incentive for its delivery partners during peak hours and year-end days as the company expects demand to go up during…