India’s much-talked-about savings from importing discounted Russian oil is not as large as believed. The gains are estimated to be just $2.5 per annum, far lower than the $10–25 billion, which is often quoted in media reports, a CLSA report showed on Thursday.“Benefit from Russian oil imports is way less than exaggerated media numbers,” CLSA…
The Indian aviation sector is expected to encounter greater turbulence in FY2026, with projected net losses that can climb to Rs 95,000 to Rs 1,05,000 crore compared to Rs 55,000 crore in FY2025. The escalation in losses is driven by slowing passenger traffic growth alongside increasing aircraft deliveries, as cited by ICRA. “During FY2025, the…
Representative Image (AI-generated) Ontario Premier Doug Ford on Wednesday said that the province’s ban on American alcohol will stay in place until US President Donald Trump removes tariffs on Canadian goods or a new free trade deal is reached. He cautioned that such an agreement could take a long time.Ford introduced the ban in March,…
New Delhi: Commercial vehicle from companies to dealers are expected to witness a volume growth of 3-5 per cent year-on-year in the current fiscal, rating agency Icra said. Domestic commercial vehicle wholesale volumes reported a 6.1% year-on-year rise in July 2025, even as volumes declined sequentially by 2.7%. Source link
New Delhi: Resurgent India Special Situations Fund has moved the Mumbai bench of the NCLT, filing an application to initiate insolvency proceedings against Future Consumer. Future Consumer in a regulatory filing earlier this week said: “The company would be making appropriate representation”. Source link
The government on Thursday announced a three-month extension for duty-free cotton imports, allowing the benefit to continue until December 31 to aid textile exporters hit by 50 percent US tariffs.“In order to support exporters further, the Central government has decided to extend the import duty exemption on cotton (HS 5201) from 30th September 2025 till…
NEW DELHI: Government is going to push for bridging the gaps on several contentious issues in trade talks with the European Union next month, while also demanding that the trading bloc offer concessions on carbon tax on the lines of the deal with the US, an official said Wednesday.“We are in the last mile, quite…
Slowing global growth, rising tariffs, and geopolitical tensions are forcing businesses to rethink strategy, even as AI promises “faster, better, cheaper” solutions. Sir Martin Sorrell, who built WPP into the world’s largest advertising group and now leads the digital-first ad firm, S4 Capital, says in an interview that India will play a leading role in…
Gold price prediction: The bullish sentiment in gold is supported by both technical and fundamental factors. (AI image) Gold and silver price prediction today: Gold prices are likely to continue their bullish trend in the near term, says Abhilash Koikkara, Head – Forex & Commodities, Nuvama Professional Clients Group. The analyst also believes that the…
Gurgaon: Either side of Delhi, the mood was grim Wednesday at India’s largest export hubs for readymade garments as 50% tariffs announced by US President Donald Trump kicked in, coinciding with the start of India’s festive season.The immediate effect is a halt in orders and bargaining from clients asking exporters to share the burden, industry…