Recognising the importance of commercial and investment partnerships in each other's energy sector, India and Canada Tuesday signed a joint statement on energy cooperation. Under this agreement, Ottawa will ship more crude oil, liquefied natural gas and liquefied petroleum gas to India, while New Delhi will send more refined petroleum products to Canada.
The joint statement was agreed upon by Minister of Petroleum and Natural Gas Hardeep Singh Puri and Minister of Energy and Natural Resources of Canada Timothy Hodgson during the ongoing India Energy Week in Goa. The two countries agreed to d
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The government has raised the base import price of silver by $595 to $3,545 per kg, according to a notification issued by the Central Board of Indirect Taxes and Customs late on Tuesday. The base import price of gold has been kept unchanged at $1,567 per 10 gm. The base import price of silver was last revised on Jan. 22.
The government normally revises base import prices of gold and silver every fortnight, and these are used to calculate the duty on these precious metals that individuals bring into the country. India is one of the world’s biggest importers of silver and the largest consumer
The government normally revises base import prices of gold and silver every fortnight, and these are used to calculate the duty on these precious metals that individuals bring into the country. India is one of the world’s biggest importers of silver and the largest consumer
India and the European Union agreed to a very big agreement, which some have called the "mother of all deals", on Monday, Prime Minister Narendra Modi said Tuesday. The deal represents one-third of global trade and 25% of global GDP, Modi added. European Commission President Ursula von der Leyen and European Council President Antonio Costa are currently in New Delhi.
The free trade agreement concluded between New Delhi and Brussels will strengthen trade, manufacturing, and supply chain for India, Modi said in an address in online mode at the India Energy Week. This deal will compliment India
The free trade agreement concluded between New Delhi and Brussels will strengthen trade, manufacturing, and supply chain for India, Modi said in an address in online mode at the India Energy Week. This deal will compliment India
The government is likely to miss its tax collection target for 2025-26 (Apr-Mar) by as much as INR 2 trillion, with both direct and indirect tax collections trailing the growth assumed in the Budget. The shortfall in collection of direct taxes alone, which is the biggest component of the government's total tax revenue, and the driver of strong revenue in the last few fiscal years, is expected to be INR 1.5 trillion, based on latest available data for eight months and the trend of collection in the last four months of the year across the last three fiscal years. The actual shortfall in total t
India and the European Union agreed to a very big agreement, which some have called the "mother of all deals", on Monday, Prime Minister Narendra Modi said Tuesday. The deal represents one-third of global trade and 25% of global GDP, Modi added. European Commission President Ursula von der Leyen and European Council President Antonio Costa are currently in New Delhi.
The free trade agreement concluded between New Delhi and Brussels will strengthen trade, manufacturing, and supply chain for India, Modi said in an address in online mode at the India Energy Week. This deal will compliment India
The free trade agreement concluded between New Delhi and Brussels will strengthen trade, manufacturing, and supply chain for India, Modi said in an address in online mode at the India Energy Week. This deal will compliment India
Futures contracts of gold and silver on the Multi Commodity Exchange hit fresh all-time highs on Tuesday after contracts on COMEX hit a record high on Monday. Prices of the silver contract on COMEX hit $117.7 per ounce and the gold contract rose to $5,107.9 per ounce on Monday due to a surge in safe-haven demand. Though both contracts on COMEX fell slightly on Tuesday, silver prices remained elevated above the $100 per ounce mark, and the gold contract also stayed above the $5,000 per ounce level as geopolitical tensions persisted.
Futures contracts of gold and silver hit fresh all-time highs on the Multi Commodity Exchange, tracking contracts on COMEX. Prices rose to a new record high, with the COMEX silver contract nearing $100 per ounce and the gold contract nearing $5,000 per ounce, as geopolitical tensions lingered even as US President Donald Trump walked back on his threats of imposing tariffs on European Union nations in his push to acquire Greenland.
Prices also rose as the dollar remained weak. The dollar remained down Friday, on track for its worst week in a year, after falling the most in a month in the US t
Prices also rose as the dollar remained weak. The dollar remained down Friday, on track for its worst week in a year, after falling the most in a month in the US t
Adani Energy Solutions Ltd. reported a significant growth on a year-on-year basis in its top line for the December quarter, supported by a jump in sales across its transmission, distribution, and smart meter operation segments. However, the company's consolidated net profit fell marginally on year due to a tax outgo of INR 2.26 billion against a tax writeback of INR 661 million in the year-ago quarter.
Growth in India's private sector activity recovered in January, after having lost momentum at the end of 2025, with quicker increases in new orders and output, and higher job creation, S&P Global said Friday. The HSBC Flash Composite Purchasing Managers' Index rose to 59.5 in January from 57.8 in December.
Activity picked up in both the manufacturing and services sectors. The flash manufacturing PMI rose to a three-month high of 56.8 in January from the final print of 55.0 in December. The flash services PMI rose to 59.3 in January from 58.0 in December. A PMI reading of more than 50 denotes
Activity picked up in both the manufacturing and services sectors. The flash manufacturing PMI rose to a three-month high of 56.8 in January from the final print of 55.0 in December. The flash services PMI rose to 59.3 in January from 58.0 in December. A PMI reading of more than 50 denotes
Futures contracts of gold and silver hit fresh all-time highs on the Multi Commodity Exchange, tracking contracts on COMEX. Prices rose to a new record high, with the COMEX silver contract nearing $100 per ounce and the gold contract nearing $5,000 per ounce, as geopolitical tensions lingered even as US President Donald Trump walked back on his threats of imposing tariffs on European Union nations in his push to acquire Greenland.
Prices also rose as the dollar remained weak. The dollar remained down Friday, on track for its worst week in a year, after falling the most in a month in the US t
Prices also rose as the dollar remained weak. The dollar remained down Friday, on track for its worst week in a year, after falling the most in a month in the US t
Spot gold prices opened lower Thursday as the yellow metal's safe-haven demand faded following the retreat by US President Donald Trump from tariff threats tied to Greenland tensions. In the Mumbai spot market, price of gold of 99.9% purity was INR 151,499 per 10 grams, down from INR 154,227 per 10 grams Wednesday, said Kumar Jain, spokesperson for India Bullion and Jewellers Association. Dealers are charging a premium of INR 1,000 per 10 grams on gold prices, Jain said. The MCX spot price was down at INR 150,890 per 10 grams.
Eternal Ltd., formerly known as Zomato, topped top-line and bottom-line expectations for the December quarter despite a marked increase in expenses. Founder of Eternal, Deepinder Goyal will step down as the company's Managing Director and Chief Executive Officer effective Feb. 1. Albinder Singh Dhindsa, who currently leads their quick commerce platform Blinkit, will replace Goyal, who will be appointed as the vice-chairman of Eternal.
Its consolidated net profit for the reporting quarter was INR 1.02 billion, up 73% from INR 590 million in the year-ago quarter. Analysts had pegged the consum
Its consolidated net profit for the reporting quarter was INR 1.02 billion, up 73% from INR 590 million in the year-ago quarter. Analysts had pegged the consum
The Union Budget may project a 9.0% growth in total tax collections in 2026-27 (Apr-Mar) from the revised estimate for FY26, with personal income tax and corporate tax collections driving growth. The Budget is likely to project the gross tax collections in FY27 at INR 43.6 trillion, according to an Informist poll of eight economists. While this is just 2.1% higher than the FY26 Budget estimate of INR 42.7 trillion, a sharp shortfall in collections is expected this year, resulting in a 9.0% growth compared with the revised estimate.
The government's total tax collection in FY26 is seen at INR
The government's total tax collection in FY26 is seen at INR
The government is reportedly close to approving a genetically modified hybrid variety of mustard, the Solvent Extractors’ Association said. In a letter addressing members of the association, Sanjeev Asthana, president of SEA, said approval of the genetically modified variety could mark a significant milestone in India’s agri-biotechnology.
The proposal follows extensive biosafety assessments and field trials and is expected to focus on traits such as higher yields, improved disease tolerance, and better oil recovery, Asthana said. If the proposal is cleared, genetically modified mustard coul
The proposal follows extensive biosafety assessments and field trials and is expected to focus on traits such as higher yields, improved disease tolerance, and better oil recovery, Asthana said. If the proposal is cleared, genetically modified mustard coul
Demand for gold remains resilient in India with investment demand likely to be the key driver in the coming months, according to Kavita Chacko, research head, India, at the World Gold Council. Festival and wedding related purchases could lend incremental support to demand for gold jewellery, Chacko said.
Market feedback and interactions with trade participants indicate that the domestic gold demand environment remains resilient, though measured," Chacko said. Surging gold prices have tempered purchase volumes of gold jewellery and average ticket sizes as consumers adhere to fixed budgets and
Market feedback and interactions with trade participants indicate that the domestic gold demand environment remains resilient, though measured," Chacko said. Surging gold prices have tempered purchase volumes of gold jewellery and average ticket sizes as consumers adhere to fixed budgets and
India's gross exports of gems and jewellery fell nearly 5% on year to $1.89 billion in December and gross imports were up around 4% on year at $1.65 billion, according to data from the Gem and Jewellery Export Promotion Council. The country's gross gems and jewellery exports during Apr-Dec fell 0.4% to $20.75 billion, while imports rose nearly 7% to $15.47 billion.
Overall exports of cut and polished diamonds rose nearly 3% on year to $794.93 million in December and imports rose around 85% on year to $168.65 million. In Apr-Dec, exports of cut and polished diamonds fell nearly 8% on year to
Overall exports of cut and polished diamonds rose nearly 3% on year to $794.93 million in December and imports rose around 85% on year to $168.65 million. In Apr-Dec, exports of cut and polished diamonds fell nearly 8% on year to
Futures contracts of gold and silver hit a fresh all-time high on the Multi Commodity Exchange on Wednesday for the third consecutive day. Prices of the gold contract on COMEX also hit record highs. Prices of the precious metals soared on the back of safe-haven demand as tensions between the US and the European Union showed no signs of dissipation. Multiple European countries reacted negatively to US President Donald Trump’s consistent push for acquiring Greenland, which persisted after his threat over the weekend.
The European Parliament is planning to suspend approval of the US trade deal
The European Parliament is planning to suspend approval of the US trade deal
India and the United Arab Emirates look to double their bilateral trade to $200 billion by 2032 by enhancing cooperation in newer areas and facilitating easy payments, Foreign Secretary Vikram Misri said here Monday on the conclusion of the visit of UAE President Sheikh Mohamed bin Zayed Al Nahyan.
Prime Minister Narendra Modi and Sheikh Mohamed bin Zayed Al Nahyan reviewed the bilateral cooperation and endorsed the outcomes of the 13th meeting of the high-level task force on investments held in September. They agreed to work to connect micro, small, and medium enterprises in both countries.
Prime Minister Narendra Modi and Sheikh Mohamed bin Zayed Al Nahyan reviewed the bilateral cooperation and endorsed the outcomes of the 13th meeting of the high-level task force on investments held in September. They agreed to work to connect micro, small, and medium enterprises in both countries.
The area sown under rabi crops across India was 65.2 million hectares as of Friday, up 3.3% from 63.1 million hectares a year ago, according to a release from the agriculture ministry Monday. The acreage under wheat was up nearly 2% at 33.4 million hectares compared with 32.8 million hectares in the corresponding period a year ago. Wheat, the biggest rabi crop, is grown only in the rabi season in India.
The acreage under paddy was 2.6 million hectares as of Friday, an increase of 22% from 2.1 million hectares last year. The area under coarse cereals, promoted as "Shri Anna" by the government
The acreage under paddy was 2.6 million hectares as of Friday, an increase of 22% from 2.1 million hectares last year. The area under coarse cereals, promoted as "Shri Anna" by the government
India and the United Arab Emirates look to double their bilateral trade to $200 billion by 2032 by enhancing cooperation in newer areas and facilitating easy payments, Foreign Secretary Vikram Misri said here Monday on the conclusion of the visit of UAE President Sheikh Mohamed bin Zayed Al Nahyan.
Prime Minister Narendra Modi and Sheikh Mohamed bin Zayed Al Nahyan reviewed the bilateral cooperation and endorsed the outcomes of the 13th meeting of the high-level task force on investments held in September. They agreed to work to connect micro, small, and medium enterprises in both countries.
Prime Minister Narendra Modi and Sheikh Mohamed bin Zayed Al Nahyan reviewed the bilateral cooperation and endorsed the outcomes of the 13th meeting of the high-level task force on investments held in September. They agreed to work to connect micro, small, and medium enterprises in both countries.