News
India's May exports rise 18 per cent to $45. 2 billion; trade deficit widens to $28. 2 billion
5+ hour, 46+ min ago (350+ words) Exports rose to a six-month high of 18 per cent to USD 45. 2 billion in May, while trade deficit widened to USD 28. 21 billion driven by a rise in imports of petroleum products amid a surge in crude oil prices. However, the trade…...
Unemployment rate hits 5. 5 per cent in May, highest in 11 month
2+ hour, 36+ min ago (355+ words) NEW DELHI: Unemployment rate in India rose to 5. 5% in May compared to 5. 2% in April, according to the government data released on Monday. The country reported the highest unemployment rate in 11 months. The Periodic Labour Force Survey (PLFS) data released by…...
Crude prices plunge, stocks surge on US-Iran peace deal
8+ hour, 4+ min ago (756+ words) HONG KONG: Oil prices tumbled and stocks soared Monday after the United States and Iran said they had reached a deal to end their war that will reopen the Strait of Hormuz, sending a wave of relief through global markets....
Govt ropes in Infosys to help bankers navigate risks from Mythos AI; Microsoft to assist with training
4+ day, 17+ hour ago (310+ words) The Finance Ministry has sought assistance from Infosys to help identify risks and challenges associated with Mythos AI, according to sources aware of the development. Sources said personnel from the Bengaluru-based IT major have been deployed to the Indian Banks…...
Inflation hits 3-year high, highlighting affordability challenge for Americans
4+ day, 23+ hour ago (491+ words) WASHINGTON: Rising gas prices pushed inflation in the US to its highest level in three years last month, a headache for the Federal Reserve and a potential political challenge for the Trump administration as midterm elections near. Consumer prices rose…...
India unlikely to need additional borrowing as GDP growth momentum remains intact
5+ day, 23+ hour ago (394+ words) The Indian economy is facing external pressures from rising fuel and fertiliser import costs due to the West Asia crisis, though the GDP growth momentum remains strong, supported by resilient domestic consumption. Government sources told PTI on Tuesday that the…...
Mining crackdown or cartels at work? construction material cost shoots up in TN
6+ day, 10+ hour ago (413+ words) CHENNAI: Prices of construction materials have shot up in Tamil Nadu amid government clampdown on illegal mining, prompting fears of artificial supply crunch and cost escalation by cartels. As the prices of key construction materials such as m-sand (manufactured sand),…...
GDP euphoria faces reality check, time for extraordinary measures
6+ day, 17+ hour ago (412+ words) The New Indian Express GDP euphoria faces reality check, time for extraordinary measures Last week's revision in GDP growth for January-March 2026 at 7. 8 percent came as a pleasant surprise, given that the markets had expected it to be 7-7. 4 percent. It suggested…...
India's sees current account surplus of $7. 1 billion in Q4
6+ day, 18+ hour ago (243+ words) According to preliminary Balance of Payments (Bo P) data released by the Reserve Bank of India (RBI) on Monday, the country's merchandise trade deficit widened to $83. 4 billion in the fourth quarter of FY26 from $59. 3 billion in the year-ago period. Merchandise imports rose…...
India posts 7. 7% GDP growth in 2025-26, economy strong amid global turmoil: PM Modi
1+ week, 2+ day ago (701+ words) Prime Minister Narendra Modi on Friday said that the 7. 7 per cent GDP growth for fiscal 202526 demonstrates the strong foundation of India's economy, adding that the country is capable of navigating global turmoil through the collective efforts of its 140 crore citizens....