Reliance Industries Ltd had a weak start to 2026, losing nearly Rs 1.4 lakh crore in market capitalisation. The stock is down about 7% so far this year, dragged by concerns over exposure to Russian crude and slowing growth in organised retail. The fall comes after a strong 2025, when the Mukesh Ambani led company’s…
Wholesale prices increased in December, with inflation measured by the Wholesale Price Index (WPI) rising to 0.83%. This marks the second consecutive month of upward movement after two months of deflation, official data released on Wednesday showed. The return to positive inflation came after wholesale prices contracted in October and November, when WPI inflation stood…
The upcoming Union Budget offers a moment to consider how crypto taxation can better align incentives with outcomes. By Nischal ShettyCrypto taxation in India was introduced at a moment when digital assets were gaining rapid adoption, but regulatory clarity was still evolving globally. In the Union Budget of 2022, the government implemented a flat 30…
China registered a trade surplus of nearly $1.2 trillion in 2025, the government reported on Wednesday. The record figure comes as strong exports to international markets offset slowing shipments to the United States. According to customs data cited by AP, the country’s exports rose 5.5% to $3.77 trillion last year, while imports remained steady at…
Rupee started Wednesday on a weak note but recovered to gain 11 paise against the US dollar in early trade, buoyed by easing crude oil prices and a softer US currency in overseas markets. In the interbank foreign exchange market, the domestic unit opened weaker at 90.26 against the greenback but soon inched higher touching…
NEW DELHI: The World Bank on Tuesday raised India’s growth projection for the current financial year to 7.2%, compared with 6.3% estimated in June, citing robust domestic demand due to strong consumption on the back of tax cuts and higher real rural income. For next year, the World Bank has retained its growth projection at…
Representatives of Venezuela’s state oil company PDVSA said Tuesday they had appealed the US-forced sale of its prized Houston-based subsidiary Citgo to pay off creditors.Citgo is in the crosshairs of creditors seeking the settlement of debts in excess of $20 billion that cash-strapped Caracas has been unable or unwilling to pay.In late November, a Delaware…
New Delhi: External affairs minister S Jaishankar spoke to his US counterpart Marco Rubio Tuesday, discussing the next steps regarding ongoing trade negotiations and a possible meeting next month. The chat took place a day after new US envoy Sergio Gor assumed office and backed trade negotiations, saying his mission was to take the US-India…
NEW DELHI: India’s import of Russian crude recorded a sharp 29% month-on-month decline, falling to the lowest volumes since implementation of the price cap policy, but is making a strong turnaround in January this year, Centre for Research on Energy and Clean Air (CREA) said in its monthly analysis of Russian fossil fuel exports for…
President Donald Trump speaks with Corey Williams, Ford River Rouge Plant Manager, during a tour of the Ford River Rogue complex, Tuesday, Jan. 13 (AP photo) US President Donald Trump a visited a Ford Motor Co. assembly line in Michigan on Tuesday in an attempt to push his manufacturing agenda, as his administration works to…
