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NEW DELHI: India has recorded a trade deficit, the difference between imports and exports, with nine of its top 10 trading partners, including China, Russia, Singapore, and Korea, in 2023-24, according to official data. The data also showed that the deficit with China, Russia, Korea, and Hong Kong increased...
NEW DELHI: India’s GDP in the fourth quarter of financial year 2023-24 is expected to have grown within the range of 6.1-6.7 per cent, lower than over 8 per cent rate recorded in the previous three quarters, according to projections by various economists. The GDP numbers for the fourth...
NEW DELHI: The government has directed telecom operators to block all incoming international spoofed calls that display Indian mobile numbers, an official statement said on Sunday. The Department of Telecom (DoT) said that it has been reported that fraudsters are making international spoofed calls displaying Indian mobile numbers to...
NEW DELHI: Domestic airfares are sailing northwards, surging up to 40 per cent in key routes on higher traffic and capacity constraints in the last six quarters. Still, ticket prices are among the lowest in the world, according to experts. India is one of the world’s fastest growing civil...
NEW DELHI: Foreign investors have pulled out a massive Rs 22,000 crore from Indian equities so far this month, due to uncertainty surrounding the outcome of the Lok Sabha elections and outperformance of Chinese markets. This came following a net outflow of over Rs 8,700 crore in the entire...
NEW DELHI: Fintech unicorns BharatPe Group and PhonePe Group have amicably settled all long-standing legal disputes pertaining to the use of the trademark with the suffix ‘Pe’, both companies said in a joint statement. BharatPe and PhonePe had been involved in long-drawn legal disputes across multiple courts, over the...
A larger-than-expected surplus transfer by the RBI will have a limited impact on India’s medium-term fiscal consolidation, Fitch Ratings said Friday. “While supportive of near-term fiscal performance, the one-off nature of the dividend, however, means the medium-term impact of this windfall on India’s consolidation and debt path will be...
NEW DELHI: With strong growth surpassing market expectations in FY24, early indications suggest a continuation of the economic momentum in the first quarter of FY25, the monthly economic review for April 2024 by the Ministry of Finance said on Friday. “The emerging robust trends in important high-frequency indicators of...
NEW DELHI: The department of telecommunications’ (DoT) receipts for FY24 will be around Rs 10,000 crore less than the revised budgeted target of Rs 93,541 crore, officials said. This is because of some payment related adjustments pertaining to state-owned Bharat Sanchar Nigam (BSNL) that will be accounted for in...
MUMBAI: With liquidity deficit rising consistently, the Reserve Bank of India on Friday conducted a variable rate repo (VRR) auction of Rs 1.25 trillion. This has taken the total liquidity infused through the auctions so far this month to Rs 7.75 trillion. Cash-starved banks have placed bids worth Rs...
MUMBAI: Google is learnt to have invested about $350 million in Flipkart as part of the e-commerce major’s near $1 billion funding round led by parent Walmart. Flipkart did not comment on the specifics of the funding, but sources told TOI that the tech giant has infused about $350...
NEW DELHI: Meet AI Krish and AI Bhoomi, the world’s first Government TV channel Artificial Intelligence (AI) anchors on Doordarshan Kisan. Powered by artificial intelligence, these virtual presenters are poised to redefine the way farmers across India receive agricultural information. Scheduled to debut on May 26, the same day...
NEW DELHI: Global rating agencies on Friday said windfall of Rs 2.1 lakh crore dividend from the RBI is positive for the country’s fiscal metrics and its usage will provide a signal around the new government’s fiscal priorities. The board of India’s central bank earlier this week decided to...
MUMBAI: Even as overall job opportunities in the IT sector declined by 3.6 per cent nationwide, openings gained traction in technology hubs Bengaluru and Hyderabad that saw a growth of 24 per cent and 41.5 per cent, respectively, during April, a report said on Friday. According to data from...
NEW DELHI: India needs to impose a 2 per cent tax on net wealth exceeding Rs 10 crore and a 33 per cent inheritance tax to deal with the problem of rising inequality in the country, a new research paper co-authored by economist Thomas Piketty has suggested. The paper...
MUMBAI: Tata Motors owned Jaguar Land Rover will start producing its Range Rover and Range Rover Sport in India, marking a first for the iconic models in their 54-year long history, to be rolled out from a country outside of the UK. Till now the two models were only...
The total market capitalisation of BSE-listed stocks closed above $5 trillion on Thursday as the benchmark indices ended at record levels led by banks and auto stocks. India’s market capitalisation to Gross Domestic Product (GDP) — a measure to determine if a market is under-valued or over-valued — surged...
NEW DELHI: To develop a comprehensive framework for protection of the global workforce in the care economy and respond to the emerging challenges in the sector, the International Labour Organisation (ILO) is gearing up to hold a discussion on the care economy in its upcoming annual conference next month....