Retail inflation rose to 4.4% in June, crossing the 4% mark. Food prices accelerated, and fuel price hikes contributed to this increase. Restaurants and accommodation services saw inflation rise to 6.9 percent. Personal transportation costs also increased significantly after recent fuel price adjustments. This marks the first time inflation surpassed 4% in the new CPI
India’s trade deficit reached a five-month high as imports surged significantly. Exports showed continued growth, but were overshadowed by increased import costs. Crude oil and fertilizer imports saw substantial year-on-year expansion in June. Electronics and engineering goods led export growth, while gold imports remained stable. Analysts anticipate a widening current account deficit for the fiscal
India and the United States are making good progress on their bilateral trade deal. A framework agreement for the trade pact is now ready for signing. Both nations have reaffirmed their commitment to a balanced and commercially meaningful agreement. Discussions are ongoing to finalize the deal, which will benefit businesses and consumers. The timing of
The acquisition will bring nearly 5 gigawatt-peak (GWp) of contracted renewable energy capacity into ABRen’s portfolio, comprising around 3.3 GWp of operational projects and another 1.7 GWp currently under construction. Following the transaction, ABRen’s total portfolio will expand to about 9.3 GWp.
Dubai’s residential property sales saw a sixteen percent decrease in early 2026. This slowdown occurred as regional geopolitical tensions impacted buyer sentiment and demand. Despite this, sales remained fifteen percent higher than in the first half of 2024. Residential property prices saw a slight decline between February and April. However, 2025 was a record year
Trump’s announcement comes after another major exchange of fire cast fresh uncertainty over efforts to negotiate an end to the conflict. Before Iran asserted control over the Strait of Hormuz after the war began, about one-fifth of the world’s oil and gas supplies moved through the strategic waterway.
India-US trade deal: India is seeking a tariff structure under the proposed agreement that provides it with a comparative advantage over competing countries.
India’s retail inflation increased to 4.38 percent in June from May’s 3.93 percent. Higher food prices significantly pushed up the overall Consumer Price Index for the month. Ginger and tomatoes saw substantial year-on-year price increases, contributing to the overall rise. However, some items like potatoes and peas became cheaper compared to last year. Rural areas
ITR filing: What are the various sections under which income tax penalties are applicable? When does a default happen and what are the penalty amounts that have to be paid by taxpayers? Here is a list of 10 top 10 penalties that can be imposed:
