Finance leaders from across the world will meet in Washington this week under the shadow of the Middle East conflict, with the International Monetary Fund (IMF) and the World Bank expected to lower growth forecasts and raise inflation projections as the war disrupts the global economy, according to Reuters report.The conflict marks the third major…
Filing of patent applications in India rose 30.2 per cent to 1,43,729 in 2025-26 from 1,10,375 in the previous fiscal, Commerce and Industry Minister Piyush Goyal said on Sunday, attributing the increase to steps taken to strengthen the intellectual property rights ecosystem.India is currently the world’s sixth-largest patent filer.“Our patent filings soared to a historic…
The global economy is once again facing a surge in oil prices triggered by conflict in the Middle East, reviving memories of the 1970s energy crises that led to widespread economic disruption and stagflation.However, economists say the United States and other major economies are far better positioned today to absorb such shocks, reflecting structural changes…
Foreign investors continued exiting Indian equities in April, offloading Rs 48,213 crore ($5.14 billion) from the cash market in just the first ten days of the month, as global uncertainty and geopolitical tensions continued to weigh on sentiment. This sustained selling comes after a historic pullback in March, when foreign portfolio investors (FPIs) exited with…
With the production-linked incentive (PLI) scheme now over, India’s electronics industry has pitched a fresh expansion plan, seeking continued government support as it eyes a strong jump in manufacturing and exports over the next five years. During discussions with the ministry of electronics and IT (MeitY), the industry said that by FY31, India could capture…
Shockwaves from the Strait of Hormuz supply disruption are rippling across global oil markets, setting off a frantic race to rush in crude. As availability tightens, refiners and traders are scrambling against the clock to lock in cargoes that can be delivered without delay, intensifying competition for every available barrel. Out of 40 bids placed…
In a bid to curb the growing digital payment frauds, the Reserve Bank of India had put out a discussion paper proposing a range of new safeguards, including delays on certain fund transfers, added checks for vulnerable users, limits on suspect accounts, and an emergency mechanism for customers to instantly block transactions. The central bank…
NEW DELHI: Govt on Saturday significantly increased export duties on diesel and aviation turbine fuel to dissuade oil refiners from exporting these fuels and to ensure adequate availability in the domestic market amid ongoing tensions in West Asia. The ministry of finance issued a series of notifications hiking the export duty on diesel by more…
The finance ministry on Saturday announced a sharp increase in export duties on diesel and Aviation Turbine Fuel (ATF), while keeping the duty on petrol unchanged.According to the ministry, the export duty on diesel has been raised from Rs 21.5 per litre to Rs 55.5 per litre, while that on ATF has been increased from…
Securities and Exchange Board of India (Sebi) chairman Tuhin Kanta Pandey hailed India’s financial landscape and assured global investors that the country continues to be an open and attractive destination. In a bid to draw in global capital from across the globe, he further pitched India’s strong macroeconomic fundamentals, rapidly expanding investor base, and a…
