NEW DELHI: Smartphone exports rose 23.4% to $9.8 billion during the June quarter, with the segment accounting for nearly two-thirds of electronic shipments of about $15.2 billion during April-June.This was the highest-ever first-quarter smartphone exports by value and was driven by strong iPhone shipments to the US, reinforcing the country’s emergence as a key global…
File photo: Union minister of commerce and industry Piyush Goyal NEW DELHI: Exporters are worried due to uncertainty of orders, higher logistics costs, liquidity issues and possible disruption of raw material supply chain due to a prolonged crisis in West Asia, with other shipping channel (Bab el-Mandeb) also affected.The issue briefly came up for discussion…
MUMBAI: Gold loans are surging despite low growth in the number of borrowers as well as the quantity of gold that is pledged with lenders. Gold loans have grown over 50% in FY26 largely because of larger loans by existing borrowers and a shift from other personal loan products to secured gold loans.Gold loans accounted…
Minimum balance penalty (representative image) NEW DELHI: Banks collected nearly Rs 7,100 crore as penalties from customers for failing to maintain minimum average balance (MAB) in their accounts in financial year 2025-26, up from around Rs 6,800 crore in the preceding year, government has told Parliament. Nearly 70% of the charges, adding up to Rs…
MUMBAI: Employers are widening employee health benefits beyond conventional group medical insurance as companies seek protection against diseases that can quickly exhaust standard health covers. Reflecting this shift, AstraZeneca Pharma India has become the first company in India to buy a group cancer care policy that sits on top of its existing group health insurance,…
India’s growth momentum remains on a firm footing on the back of resilient domestic demand, despite the global challenges NEW DELHI: The finance ministry on Wednesday said that swifter policy responses and their implementation are critical to encourage foreign and domestic investment in the economy and underlined the need for reimagining responses to deal with…
Inflation has remained above the US Fed’s 2% target for more than five years. (AP photo) Kevin Warsh-led Federal Open Market Committee (FOMC) decided to keep the interest rate unchanged in the 3.5-3.75% range. The US Federal Reserve announced the monetary policy review after deliberations on July 28 and July 29. “The Committee decided to…
The long proposed India-US bilateral trade agreement will enter its first phase only after Washington restores India’s tariff competitiveness against rival exporting nations, Addressing concerns around the much awaited trade pact, commerce and industry minister Piyush Goyal on Wednesday, said that the understanding reached between the two countries was based on India receiving a comparative…
The report cautioned that a sustained increase in global crude oil prices could once again put pressure on both the fiscal deficit and the current account balance. Amid the ongoing US-Iran conflict, the Finance Ministry in its monthly economic review has called for reinventing approach to dealing with the evolving global challenges. India will need…
Oil prices rallied sharply on Wednesday, with benchmark crude contracts gaining over 7%, after a fresh wave of military action in the Middle East reignited concerns over global oil supplies. The rally was also supported by industry data showing a drawdown in US crude inventories.Around 9 pm IST, Brent crude rose $6.28, or 7.47%, to…
Technology stocks, particularly companies viewed as richly valued, remain under pressure. US stock market today: US equities traded in negative on Wednesday as investors awaited the outcome of the Federal Reserve’s latest policy meeting on interest rates. Meanwhile, oil prices climbed sharply.S&P 500 edged down 0.73%. The Dow Jones Industrial Average lost over 700 points,…
The Trump administration has previously imposed trade measures on India while exempting China. (AP file photo) Is India going to face 100% tariffs for its continued imports of Russian crude oil? A latest move by the US Senate has sparked buzz on countries like China and India, which import Russian crude oil in huge quantities,…
