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India's trade deficit may surge to USD 300 bn in FY26 despite lower oil pr
Updated : 8 months, 3 weeks ago IST
India's trade deficit is likely to widen to USD 300 billion in the financial year 2025-26, even though oil prices are expected to remain moderate, according to a recent report by ICICI Bank.
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India's forex reserves dip by USD 1.02 billion to USD 697.93 billion
Updated : 8 months, 3 weeks ago IST
India's foreign exchange reserves (forex) declined by USD 1.02 billion this week after extending gains in the previous week stabilising at USD 697.93 billion, official data released by the Reserve Bank of India showed.
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'Never heard of this ridiculous idea': Trump rejects reports of US conside
Updated : 8 months, 3 weeks ago IST
US President Donald Trump dismissed reports suggesting his administration is considering a USD 30 billion deal with Iran to develop civilian nuclear facilities.
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Dollar weakness not driven by changing interest rates, but because capital
Updated : 8 months, 3 weeks ago IST
The recent fall in the US dollar is no longer being driven only by changing expectations around interest rates.
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India records $13.5 billion current account surplus in Q4-FY25
Updated : 8 months, 3 weeks ago IST
India's current account recorded a surplus of USD 13.5 billion (or 1.3 per cent of GDP) in the January-March quarter of 2024-25 as compared with USD 4.6 billion (or 0.5 per cent of GDP) in the same quarter of 2023-24, RBI data showed Friday.
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Mazagon Dock Shipbuilders to acquire controlling stake in Colombo Dockyard
Updated : 8 months, 3 weeks ago IST
Mazagon Dock Shipbuilders announced on Friday it is set to acquire a controlling stake in Colombo Dockyard PLC (CDPLC), Sri Lanka's largest shipyard, in a deal worth up to USD 52.96 million.
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Copper prices expected to peak at USD 10,050/t in August: Goldman Sachs
Updated : 8 months, 3 weeks ago IST
Copper prices are expected to surge in the coming months, with a peak forecast to USD 10,050 in August, according to a recent report by Goldman Sachs.
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Indian engineering exports face headwinds in May 2025 amid geopolitical te
Updated : 8 months, 3 weeks ago IST
India's engineering goods exports experienced a marginal 0.82 per cent year-on-year dip in May 2025, to USD 9.89 billion, weighed down by escalating geopolitical tensions in the Middle East and West Asia, and a high statistical base from the previous year, according to a recent report by EEP
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India emerged top destination in global south for greenfield investments w
Updated : 8 months, 3 weeks ago IST
India has emerged as the top destination in the Global South for greenfield investments in the digital economy, according to a recent report released by the Reserve Bank of India (RBI).
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DBS Bank Leads Maiden Green Finance Facility of USD80 Million for Aseem In
Updated : 8 months, 3 weeks ago IST
Mumbai (Maharashtra) [India], June 26: DBS Bank announced the completion of Aseem Infrastructure Finance Limited's (AIFL) first External Commercial Borrowing (ECB) and green loan of USD80 million. AIFL is an RBI registered NBFC - IFC (Non-Banking Finance Company - Infrastructure Finance Comp
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TSMC's investment arm to raise capital of USD10 bn to cut forex hedging co
Updated : 8 months, 3 weeks ago IST
The world's largest contract chipmaker, Taiwan Semiconductor Manufacturing Co. (TSMC) on Wednesday announced that, company's financial investment arm, has decided to increase its capital by USD 10 billion, with an aim to cut foreign exchange hedging costs as Taiwanese dollar appreciates agai
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Global leisure travel market to triple to USD 15 trillion by 2040: BCG Rep
Updated : 8 months, 3 weeks ago IST
The global leisure travel industry is set to become a USD 15 trillion opportunity by 2040, a significant increase from USD 5 trillion in 2024, revealed a recent report by BCG.
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