After registering a positive growth for two months, India’s exports slipped into negative territory again, contracting 2.17 per cent year-on-year to $38.73 billion in May due to a fall in global petroleum prices, while trade deficit narrowed at $21.88 billion
Wholesale price inflation (WPI) declined to a 14-month low of 0.39 per cent in May on easing prices of food articles and fuel, and experts said geopolitical tensions could push up prices. Photograph: PTI Photo from the Rediff Archives WPI-based
Stock investors will track the ongoing conflict between Iran and Israel, Brent crude oil prices, inflation data and the US Fed interest rate decision for further cues this week, analysts said. Tariff-related news would also dictate trends in the equity
Indian billionaire Gautam Adani-led group’s Haifa port in Israel was unharmed by the Iranian ballistic missile attack, with cargo operations progressing unhampered, sources said. Photograph: Ilan Rosenberg/Reuters Late on Saturday night, Iran targeted Israel’s Haifa port and a nearby oil
The Iran-Israel conflict has further increased global economic uncertainties, impacting world trade, including India’s exports, as it is expected to drive up both air and sea freight rates, exporters say. An anti-missile system operates after Iran launched drones and missiles
‘India is a very strategic geography. The business is growing over 37-38 per cent year-on-year.’ Kindly note the image has been published only for representational purposes. Photograph: Kind courtesy Pixabay Chaitanya Kalipatnapu, co-founder and executive director of edtech unicorn Eruditus,
‘There is nothing bilateral about this deal.’ Photograph: Dado Ruvic/Reuters India is seeking a binding commitment from the United States on pre-April 2 tariff levels for labour-intensive sectors as part of an early tranche of the proposed bilateral trade
India is planning to amend the Mines and Minerals (Development and Regulation) Amendment Act 2023 to specify the use of funds currently earmarked at ₹5,600 crore for exploring critical mineral mines overseas, according to a top official. IMAGE: A worker
Tata Sons’ dividend from Tata group companies for last financial year is expected to show a decline of 3.5 per cent to Rs 36,514 crore from Rs 37,832 crore a year earlier. Photograph: Toby Melville/Reuters This should be the first
Following the disruption in the supply of rare earth or permanent magnets after China’s notification on April 4, the mines ministry is planning to introduce a Rs 1,500 crore incentive scheme to recycle critical minerals, according to a top official.
