Economy

Merchandise exports stood at $38.51 billion during the month, registering a modest year-on-year increase from $37.80 billion in December 2024.

Initial claims decreased by 9,000 to 198,000 in the week ended Jan. 10, according to Labor Department data released Thursday. The figure was below all estimates in a Bloomberg survey of economists.

India-EU Trade Deal: The Commerce Secretary said the intent on both sides is to wrap up the negotiations before the January 26 meeting, when senior EU leaders are expected to be in India.

Speaking at the unveiling of the latest trade data, Agrawal went on to provide further clarity, revealing that discussions between India and the US never actually broke down.

Imports rose 8.8% in December from a year earlier to $63.55 billion while exports rose 1.9% to $38.51 billion.

Indian refiners are adjusting their procurement patterns, becoming more active in the market for non-sensitive substitutes from the Middle East, West Africa and Latin America that can replace Russias flagship Urals blend, though at a higher cost.

A new trader on the online gambling platform placed a bet of $40,000 that the US will strike Iran by Jan. 14.

In an interview with Reuters, Trump said, "I don't have any plan to do that," when asked if he would take steps to remove Powell from his job.

About $250 million loan has been allocated for School Education and Adolescent Wellbeing Project for improving learning outcomes for more than 2 million primary school students

The RBI has issued separate directions for commercial banks, small finance banks, payments banks, non-banking financial companies, non-bank prepaid payment instrument issuers, and credit information companies.

At the current pace, services are very likely to surpass goods exports in absolute terms in the next one-and-a-half to two years," said SEPC Director General Abhay Sinha.

The US Supreme Court on Wednesday issued no ruling on the legality of tariffs imposed by President Donald Trump last year.

On a longer-term 10-year horizon, extreme weather events remain the biggest risk, followed by biodiversity loss and ecosystem collapse, critical change to earth systems, misinformation and disinformation and adverse outcomes of AI technologies.

The EU market accounts for about 17% of India's total exports, and the bloc's exports to India constitute 9% of its total overseas shipments.

Food inflation rose to a flatline as compared to a fall of 2.6% in November.

US President Donald Trump is set to interview Rick Rieder, BlackRock’s chief investment officer, as a potential successor to Jerome Powell as Federal Reserve chair.

West Texas Intermediate traded near $61 a barrel, after adding more than 9% over the previous four sessions, while Brent closed above $65

The earlier sanctions imposed by OFAC of the US Department of the Treasury in November 2018 led to a sharp fall in bilateral trade between India and Iran.

"Discussed trade, critical minerals, nuclear cooperation, defence and energy. Agreed to remain in touch on these and other issues," Jaishankar said.

The chief economic advisor said inclusive finance institutions are intermediaries for the economically vulnerable section.