Rising Oil Prices, Gold Imports May Widen Trade Deficit
ICICI Securities warns that rising oil prices and gold imports could widen India's trade deficit, with CAD potentially reaching 1.5-2% of GDP.
ICICI Securities warns that rising oil prices and gold imports could widen India's trade deficit, with CAD potentially reaching 1.5-2% of GDP.
Gig workers in India plan a temporary nationwide strike on Saturday from 12 pm to 5 pm, protesting rising fuel prices and low payment rates. The Gig and Platform Services Workers Union calls for the shutdown.
Markets regulator Sebi and CBDT have simplified PAN-related rules for foreign portfolio investors (FPIs), easing registration. The move allows authorized signatories to sign forms and relaxes TIN and contact details requirements.
India and the UK are negotiating a unique solution to Britain's steel safeguard measure that is delaying the operationalisation of their trade agreement, signed in July 2025.
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RecommendedDespite a hike in retail fuel prices, oil marketing company stocks fell as analysts say the increase is insufficient to cover daily losses. More price hikes are expected.
India's exports surged 13.8% to $43.6 billion in April, the highest in over four years, driven by a 34.7% jump in petroleum product exports. Imports rose 9.9% to $71.9 billion, widening the trade deficit to $28.3 billion.
Retail petrol and diesel price hikes are expected to increase headline inflation by 10-25 basis points, with analysts cautioning that cascading effects may force RBI to reassess its inflation projections for the year.
Bengaluru's BDA launched luxury flats under a new scheme, but high pricing has put off prospective buyers, raising concerns about affordability and demand.
Gig workers in Karnataka are concerned about rising petrol prices leading to reduced orders and income, affecting their livelihoods and sustainability.
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RecommendedKarnataka traders and transporters worry about the cascading effect as petrol prices soar to Rs 106.21 per litre and diesel nears Rs 94.1, increasing operational costs and inflation.
A new study reveals that the disability sector receives merely 1% of corporate social responsibility (CSR) funds in India, highlighting major funding gaps.
Chandigarh's excise revenue for FY 2026-27 is projected to exceed the target by Rs 9 crore, driven by improved compliance and policy changes.
Punjab's paddy farmers face dual challenges of rising fuel prices and fertiliser shortages, threatening crop yields and increasing production costs.
Gautam Adani and his nephew Sagar will pay $18 million to settle a US SEC civil fraud case over alleged bribery in solar contracts. DOJ separately drops charges.
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RecommendedPublic sector oil companies raised petrol and diesel prices by around Rs 3 per litre across metros, partially covering losses. Further hikes may depend on government approval.
Karnataka's new alcohol taxation system slashes prices of premium whisky, gin, and tequila by 5-23%, benefiting high-end brands while budget liquor may see hikes.
Kolkata's housing market saw mild slowdown in April 2026 but registrations remained second-highest in five years. Demand shifted to larger homes, with apartments over 1,000 sq ft rising 179% YoY.
Micro-investing in digital gold via UPI is rising as gold prices increase by Rs10,000 per 10 grams. Experts note higher volumes, small ticket sizes, and growing interest from young investors.
Mcleod Russell India accepts a Rs 150 crore one-time settlement with JC Flowers ARC, representing 20.6% of institutional loans, as part of debt restructuring.
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RecommendedPaul Parmar, an Indian-origin investor known for his lavish lifestyle, was sentenced to five years in prison for securities fraud involving over $212 million. He pleaded guilty to inflating revenues and misleading investors in a healthcare company.
Air India Engineering Services faces a manpower crisis as 180 technicians resign and others shun work at MRO depots across India, impacting operations in Nagpur, Hyderabad, Delhi, Trivandrum, Mumbai, and Kolkata.
Kolkata's real estate market faces delays and price hikes as the West Asia war disrupts construction material supplies, with costs rising up to 74% and project timelines extended.
Diesel price surge above Rs 95 per litre in Kolkata pushes private bus operators to demand fare revision, with proposals for restructured minimum fares and incremental hikes.
Silver prices in India witnessed a sharp decline of Rs 21,600 per kilogram, tracking global cues and a strong dollar. The drop impacts investors and industries.
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RecommendedTata Steel reported a 2-fold jump in Q4 net profit to Rs 2,900 crore, driven by strong operational performance and higher steel prices.
MSME minister Rakesh Sachan says Uttar Pradesh has emerged as one of India's fastest-growing economies due to improved infrastructure, law and order, and MSME support.
Industrial bodies in Tamil Nadu urge the new TVK government to reduce electricity tariffs and introduce tax relief measures to revive the struggling MSME sector, citing mounting operational costs.
Nagpur's petrol and diesel prices rose by ₹3 per litre, triggering concerns over inflation. Transport, freight, and milk sectors face cost hikes, with auto-rickshaw drivers demanding fare revision.
Textile exporters and research bodies thank the Union government for extending the ECLGS scheme and launching ECLGS 5.0, highlighting crucial support for the sector, while urging withdrawal of the 11% cotton duty.
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RecommendedAt the GCCI Gujarat Sustainability Summit 2026 in Ahmedabad, leaders urged private sector to embed ESG into strategy, citing profitability and resilience. AMC commissioner highlighted climate budget and tree planting.