Economy

Several steps under consideration to curb CAD, says Piyush Goyal

Goyal said the government has no plans to cut non-essential imports into India as of now

India's peak power demand crosses projected 270 GW amid heatwave

India's peak electricity demand crossed 270 GW amid rising temperatures and severe heatwave conditions, surpassing previous records for the fourth time this month

US trade team likely to visit India next month for talks: Piyush Goyal

Goyal added that India needs to work closely with the US in areas such as technology, innovation, high-precision defence, digital data centres, quantum computing equipment, and medical devices

Several measures under consideration to contain widening CAD: Goyal

India's CAD rose to $13.2 billion, or 1.3 per cent of GDP, in the December quarter from $11.3 billion in the year-ago period, mainly due to a wider trade gap

RBI weighs all options including rate hike, forex swaps to stabilise rupee

The next scheduled monetary policy decision is on June 5, although the RBI has previously made an out-of-cycle adjustment in May 2022

Manufacturing drags down India's private sector activity in May: Flash PMI

India's pvt sector activity remained firmly in expansion territory in May, though growth in new orders, exports, employment and business activity softened marginally, HSBC's flash PMI survey showed

Composite Flash PMI eases to 58.1 in May, signals steady expansion

The latest reading pointed to continued expansion across both manufacturing and services, though at a slower pace due to weaker growth in new orders, exports, employment and overall business activity

US seeks to boost energy exports to India as Iran war disrupts supplies

India is struggling with an energy crisis caused by the nearly three-month-long war against Iran that the US and Israel launched in late February

Govt prepares to send oil tankers through Strait of Hormuz for new supply

India wants to continue importing energy from its traditional West Asia oil producers because supplies from alternate sources would take a longer time to reach the country

India and Italy to increase bilateral trade to €20 billion by 2029

The two countries elevated ties to a special strategic partnership and signed agreements spanning defence, critical minerals, mobility and trade cooperation

India, US industry clash at USTR hearings over subsidies and overcapacity

American industry groups sought punitive tariffs on Indian goods at USTR hearings, while Indian officials defended the country's manufacturing growth as demand-led and WTO-compliant

Rupee touches fresh low, nears 97/$ as RBI unveils $5 bn buy-sell swap

The 30-year US bond yield hit the highest level since 2007 on inflation concerns

Sitharaman, US envoy Gor discuss deepening India-US economic partnership

The finance minister and US Ambassador Sergio Gor discussed fintech collaboration, investment opportunities and bilateral economic ties amid ongoing trade negotiations

IMF backs targeted relief over broad subsidies amid oil price surge

The multilateral institution has urged governments to avoid broad-based subsidies and instead adopt targeted fiscal measures to manage inflation and protect vulnerable households

Fertiliser slump eases, nudges core sector growth up at 1.7% in April

India's core sector growth rose to 1.7% in April FY27, aided by steel, electricity and fertilizer recovery despite pressure from the West Asia crisis and energy supply disruptions

Odisha clears new marine fishing law, targets Rs 25,000 cr exports by 2036

The Odisha cabinet approved a new marine fishing Bill aimed at boosting deep-sea fishing, seafood exports, coastal security and sustainable marine resource management

Tea exports decline as West Asia tensions disrupt shipping routes

The Indian Tea Association said geopolitical tensions and higher freight costs have hurt exports, while climatic challenges continue to weigh on production

Odisha rolls out comprehensive data policy to drive governance reforms

The Odisha State Data Policy 2026 proposes centralised warehousing, consent management and advanced analytics to strengthen governance, privacy protection and public service delivery

India's core sector growth rises to 1.7% in April on steel, cement output

These eight sectors expanded by 1 per cent in the same month last year. The pace of expansion was 1.2 per cent in March

No relief in memory prices visible over next 12-18 months: IESA president

The price of devices, especially smartphones, as gone up by 20-30 per cent in the last six months