The Times of India - Business (31 minutes ago)
India's trade with BRICS countries surged over five years, with imports growing significantly faster than exports. This has led to a near doubling of India's trade deficit with the bloc, now reaching $224 billion, primarily driven by increased purchases from Russia and China.
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Get ready for pricier meals as India's restaurants and delivery apps plan a 5-10% food cost increase from next week. Soaring fuel prices, coupled with LPG shortages and staff issues, are forcing businesses to pass on rising transportation, packaging, and input expenses. This move disrupts annual pricing cycles, impacting dining out and delivery...
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Indian consumers may soon face higher prices as wholesale inflation surges, driven by global conflicts impacting commodity and energy costs. While retail inflation remains soft for now, a widening gap between wholesale and consumer price indices suggests businesses will likely pass on increased production expenses, leading to costlier everyday...
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Gig workers are staging a temporary nationwide strike, halting app-based services from 12 pm to 5 pm on Saturday. This protest, organized by GIPSWU, targets rising fuel prices and inadequate payment rates, which are significantly impacting drivers' daily earnings. The union aims to highlight the financial strain caused by increased fuel costs and...
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The government has imposed a Rs 3 per litre windfall tax on petrol exports while reducing levies on diesel and aviation fuel. These revised rates, effective May 16, aim to ensure domestic fuel availability and prevent excessive profits from elevated global crude oil prices amid the West Asia conflict.
ReadThe Times of India - Business (16 hours ago)
Tata Steel reported a more than two-fold jump in consolidated net profit to Rs 2,965 crore for the January-March quarter of FY26, driven by strong India operations and improved volumes. For the full fiscal year, net profit surged over three times to Rs 10,885.82 crore, with steel production and deliveries also seeing an increase.
ReadThe Times of India - Business (18 hours ago)
India has kept its petrol and diesel prices unchanged for four years now - ever since the Russia-Ukraine conflict. But the rising global oil prices, past the $100 per barrel mark has made the math unsustainable for oil marketing companies.
ReadThe Times of India - Business (19 hours ago)
India and the UAE solidified their friendship with seven key agreements during PM Modi's visit. These pacts focus on energy security, including strategic petroleum reserves and LPG supply, alongside a significant defense partnership. Further collaborations will boost India's maritime sector and establish a supercomputer cluster, with the UAE...
ReadThe Times of India - Business (20 hours ago)
Rupee hit a fresh record low of 96.07 against the US dollar on Friday, extending its losing streak over three straight sessions amid soaring crude oil prices and escalating tensions in West Asia. At the interbank foreign exchange market, the rupee opened at 95.86 against the US dollar and slipped further to 95.94, down 30 paise from its previous...
ReadThe Times of India - Business (21 hours ago)
A US delegation is expected to visit India next month for trade negotiations concerning a proposed bilateral trade agreement (BTA). This visit follows earlier discussions in Washington D.C. to finalize details of an interim trade pact and advance broader BTA negotiations. Both nations are committed to a mutually beneficial trade framework, with the...
ReadThe Times of India - Business (22 hours ago)
India's merchandise trade deficit surged to $28.38 billion in April, driven by a 10% rise in imports despite a significant drop in shipments from the Middle East. Elevated crude oil prices and global supply disruptions contributed to increased import costs, raising concerns about the external sector and the rupee's stability.
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