Economy

The sea route offers a substantial reduction in logistics costs, estimated at Rs 1320 per kg, compared to Rs 150250 per kg through air shipment.

With railway electrification nearing completion, greater use of rail-based logistics is expected to reduce diesel dependence, cut carbon emissions and lower transportation costs.

Iraq isn't considering leaving OPEC, the nation's oil ministry said.

Rubio said Trump would take prevailing market conditions into account before deciding whether to extend or terminate the waivers.

Commerce Minister says an India-US trade pact is "very close", but hinges on Washington offering terms that enhance India's competitiveness.

The RBI has currently opened a special concessional swap window allowing commercial banks to offer special FCNR(B) Deposits.

The discussions are expected to focus on cooperation across the oil and gas sector, including crude supplies, investment opportunities and broader energy ties between the two countries.

Iran's share in India's crude basket steadily increased through the second half of the last decade, peaking at more than one-tenth of the country's total oil imports.

Although many commentators remain optimistic about South Korea's economic trajectory, critics argue that the country's growth has become dependent on a handful of sectors.

If we focus only on values, we may ignore incentives and end up creating shortages, black markets, or unintended consequences. If we focus only on economic efficiency, we risk overlooking dignity, fairness, and exploitation.

Nationalism may drive demand for locally produced goods even when cheaper imported alternatives exist. Similarly, consumers often pay extra for organic, cruelty-free, responsibly sourced or environmentally friendly products.

Greer said India and the US are actively working towards a trade agreement, although he did not provide a timeline for concluding the talks.

Sources said Tata Sons is expected to continue as an upper layer NBFC, as the RBI is yet to take a final decision on the company's request for cancellation of its registration.

The yields on India's 10-year benchmark government bonds fell five basis points to 6.82%,

The Strait of Hormuz, located between Oman and Iran, is a key global maritime chokepoint through which a significant share of the world's oil, refined petroleum products and liquefied natural gas shipments pass.

Given the expected rise in inflation, S&P Global believes the RBI will begin raising the repo rate from October, marking the start of monetary policy tightening in the second half of the financial year.

Banks could offer leverage that may run into double digits, officials said, as India taps its 35-million-strong diaspora for support to shore up foreign currency buffers amid the US-Iran war.

Meta CEO Mark Zuckerberg has tasked a team to develop Arena, a prediction market app with a points-based system, allowing users to engage in live event predictions without real money stakes.

Jefferies cautioned that current FCNR(B) rates and investor returns remain relatively low, which could limit deposit inflows. Citi was more bullish on the implications of the RBI's clarification, describing it as a fundamental shift in the nature of the scheme.

Government says no widespread engine failures linked to E20 petrol; warns against misleading social media posts, recycled videos and misinformation around ethanol-blended fuel.