Economy

Summer forecasts are pointing to higher-than-normal temperatures across Asia, while an El Nio weather pattern could make things even hotter. That will boost air-conditioning use and strain power grids when energy prices are already elevated.

Canada Prime Minister Mark Carney said Goyal's visit is a very timely visit with the Comprehensive Economic Partnership Agreement (CEPA) and CAD 2.6 billion uranium deal in March.

The prices of petrol and diesel have been hiked for the fourth time in less than 12 days, with the latest increase of Rs 2.6 and Rs 2.7 per litre respectively yesterday.

Brent crude rose toward $98 a barrel, while West Texas Intermediate traded near $91, recovering part of Monday's sharp decline of more than 7%.

District supply officers have also been instructed to maintain constant monitoring of petrol and diesel stocks.

Piyush Goyal's Canada visit with a 150-member business delegation signals India's aggressive push to deepen trade and investment cooperation.

A rate hike is possible only towards the end of the year if price pressures persist.

The Zerodha founder warned that a weak monsoon alongside elevated crude prices linked to the Iran conflict could trigger a difficult inflation cycle for India.

Long-term competitiveness will depend not only on compute infrastructure and regulation, but also on workforce readiness, federal coordination and widespread adoption of AI across the real economy.

Delhi's power demand hit a record 8,439 MW in May as the heatwave intensified, with SLDC projecting demand may cross 9,000 MW this summer.

The comment was made by a Moody's official during a joint presser with ICRA, and comes in the backdrop of a fresh fuel price hike introduced by the Centre.

Officials have reiterated that accurate SFT reporting is critical for maintaining a transparent and taxpayer-friendly compliance ecosystem.

The under-recoveries stood at 1,000 crore per day before the government introduced fuel price hikes.

The finance minister said climate change, supply-chain disruptions and technology-led labour displacement are reshaping industries worldwide.

Sitharaman also linked Prime Minister Narendra Modi's recent appeal for austerity to rising global crude oil, fertiliser and gold prices, saying the pressure on imports had implications for both inflation and foreign exchange reserves.

Former NITI Aayog Vice-Chairman Arvind Panagariya in an exclusive conversation with NDTV Profit, said that defending the INR may exhaust India's forex reserves.

Global benchmark Brent crude fell as much as 5.4% to $97.97 a barrel, while West Texas Intermediate traded below $92.

"The US is the most welcoming country in the world on immigration," Rubio said.

The remarks come amid concerns in India over changes to US immigration rules, including higher H1B visa fees and revised green-card procedures that reportedly require applicants to file from their home countries.

Responding to questions about Washington's evolving ties with China and Pakistan, Rubio said the US engagement with other countries should not be viewed as coming at the expense of its strategic partnership with India.