Economy

Despite Trump’s assurance, oil giants voice caution, citing infrastructure handicaps

Addressing a meeting of 35 Export Promotion Councils (EPCs) and leading industry associations, Goyal said the trade deals with the UK, European Union and the United States have created unprecedented market access.

The oil is being transported to Bazan Group, the Mediterranean country's top crude processor, people with knowledge of the deal said, asking not to be identified because the information isn't public.

The Revised Estimate for direct taxes has already been trimmed by about Rs 1 lakh crore from the Budget Estimate.

FM Sitharaman asserted that the Centre has adhered to the Finance Commission's recommendation on tax devolution.

The persistent surplus has kept overnight money market rates under pressure, often trading below the repo rate, and this may prompt the central bank to consider active liquidity management measures.

India's gross direct tax collection increased 4.09% to Rs 22.78 lakh crore till February 10 of FY26.

Across sectors, optimism is back, but exporters say execution details will determine how much of the opportunity India ultimately captures.

The changes follow public remarks by Commerce and Industry Minister Piyush Goyal, who rejected the idea that India was under any obligation to import a fixed quantum of US goods.

Asian stocks stayed near record highs ahead of the US jobs report, with weak retail sales fueling expectations of Federal Reserve rate cuts later this year.

Trump was actually reflecting on his decision to pick the Fed chair in 2017, during the first term of his presidency.

Will Indian exporters suffer on account of the US offering zero duties on select Bangladeshi textile and apparel products? Tax Compaas CEO Ajay Rotti weighs in.

Foreign Minister Sergey Lavrov also accused the US of using "unfair methods" to suppress competitors by imposing sanctions on Russian oil companies.

The RBI had announced the review of the lending norms for Urban Co-operative Bank in the February monetary policy.

The most fundamental issue is the risk of substituting other governmental schemes and duties.

As India moves toward Viksit Bharat 2047 and Net Zero 2070, the power sector's growth will determine whether growth can be both inclusive and sustainable.

Foreign holding in State Bank of India stood at 11.07% at end of March 2025, the highest in state-owned banks.

Central government employees in Levels 1-5 are expected to receive substantial arrears under the 8th Pay Commission.

India aims to replicate parts of a critical minerals agreement it signed with Germany in January, which covers exploration, processing and recycling, the report said.

ASML's decision to deepen its Vietnam presence has sparked questions around India's semiconductor strategy. The contrast reveals how supply chains, not announcements, shape where advanced manufacturing takes root.