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…
Bangladesh is weighing a proposal that would see Russian crude oil refined in India before the finished fuel is imported back, as the country grapples with supply pressures triggered by the Middle East conflict. According to people aware of the development, the arrangement under consideration would require Bangladesh to pay for the import of crude,…
The collapse of talks between Iran and the US is likely to weigh on investor sentiment when markets open on Monday, analysts said, with crude oil prices and key macroeconomic data also set to drive trends in a holiday-shortened week, PTI reported.Stock markets will remain closed on Tuesday on account of Baba Saheb Ambedkar Jayanti.The…
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…
Indraprastha Gas Ltd (IGL) is pushing expansion of PNG connections across Delhi-NCR as it looks to rapidly grow its user base and reduce dependence on LPG, its chief executive Kamal Kishore Chatiwal said.The expansion comes amid disruptions to energy supplies triggered by the Middle East conflict, which has strengthened the government’s push towards wider adoption…
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…
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…