India-China bilateral trade has expanded steadily over the years, but the trade gap remains heavily skewed in China’s favour, raising long-standing concerns in New Delhi.Prime Minister Narendra Modi, during his recent statement on August 29, said it is vital for India and China to work together to stabilise the global economic order. He emphasised that…
Russian President Vladimir Putin criticised Western sanctions ahead of his four-day visit to China, warning that trade restrictions and the costs of the Ukraine war have pushed Russia’s economy into recession, as reported by Reuters. In a written interview with China’s Xinhua news agency on Saturday, Putin said Russia and China were united in rejecting…
US President Donald Trump (Pic credit: AP) The US federal court’s ruling over the tariff, calling it “illegal”, came as a major setback for President Donald Trump. The court said that the Republican leader overstepped his authority when he declared trade deficits and border issues as “national emergencies” to justify sweeping tariffs he imposed on…
Mumbai: The rupee on Friday breached the 88-mark for the first time, hitting a record intra-day low of 88.31 against the dollar before recovering slightly to close at 88.20. The currency ended 57 paise weaker than its previous close of 87.63 – its sharpest one-day fall in three months. Dealers said the losses would have…
China’s trade representative Li Chenggang conducted meetings in the United States, between August 27-29, engaging with US officials regarding economic and trade relationships between the two nations, according to the Chinese commerce ministry on Saturday, quoted by Reuters.During his visit, Li conducted meetings with officials from the US department of the treasury, department of commerce,…
Mumbai: India’s private investment cycle is showing divergent trends, RBI said in its August bulletin. The total cost of projects sanctioned by banks and financial institutions fell to Rs 3.7 lakh crore in 2024-25 from Rs 3.9 lakh crore a year earlier, reflecting “tepid investment optimism.“In contrast, envisaged capex from pipeline projects across funding channels…
Mumbai: The share of mutual funds in the household sector’s gross financial savings increased from 0.9% in 2011-12 to 6% in 2022-23. Assets under management have grown at a compounded annual growth rate (CAGR) of 17.1%. This has made mutual funds a stabilising force in equities and helped cushion the equity market against volatility triggered…
Spirit Airlines to file for bankruptcy (Representative image) US Budget airline Spirit Airlines announced on Friday that has filed file for bankruptcy again within a year, but will maintain normal operations, ticket sales and flights.Following its initial bankruptcy filing in November, Spirit had completed a debt restructuring agreement with creditors in March, reducing its liabilities…
Mumbai: Remittance by Indians for studies abroad dipped to a 5-year low of $138.8 million in June 2025 as countries tightened restrictions on taking in Indian students.The remittances for study are less than half of the $314 million average during the last five years and a far cry from the $718 million in Sept 2021….
Mukesh Ambani outlined five transformative contributions by Jio. (AI image) Reliance Jio IPO: At Reliance Industries’ 48th Annual General Meeting, Chairman and Managing Director Mukesh Ambani said that Jio is preparing for its initial public offering (IPO), targeting a listing in the first half of 2026.The announcement comes with the caveat that it remains contingent…