Business

ECB signals higher inflation forecast as Iran conflict strengthens case for June rate hike

The European Central Bank is expected to raise its inflation forecasts next month as rising energy prices linked to the Iran conflict strengthen the case for a June interest-rate hike across the eurozone

'Terrific work': Marco Rubio says India has committed to buying $500 billion in US goods over 5 years

While on his visit to India, the US Secretary of State Marco Rubio announced on Sunday that India has committed to purchasing $500 billion in US goods over the next five years, focusing on energy, technology, and agriculture.

From inflation to bond chaos: 5 crises Kevin Warsh may inherit as Fed chair

Rising US Treasury yields, sticky inflation and market volatility are emerging as the first major challenge for incoming Federal Reserve Chair Kevin Warsh, with investors increasingly betting against rate cuts this year.

India’s forex reserves fall by $8 billion to $688.9 billion

RBI data shows forex reserves decline sharply amid rupee pressure and global uncertainty

RBI balance sheet expands 20.6 per cent; transfers Rs 2.87 lakh crore surplus to government

RBI sharply increases contingency risk buffer allocation amid global and domestic macroeconomic uncertainties; gross income rises 26.4 per cent in FY26.

Iran-Hormuz crisis: Oil shock fears mount as banks warn Brent crude could surge to $150–$200

Barclays, Citi and Wood Mackenzie have warned of escalating risks to global oil markets as disruptions around the Strait of Hormuz tighten supply, raise inflation concerns and threaten global economic growth.

RBI sells $2–3 billion to defend rupee, pushes currency past 96 per dollar: Report

The rupee rebounded sharply after the Reserve Bank of India sold an estimated $2–3 billion and intervened again on Friday, pushing the currency back above 96 per dollar

India considers scrapping met coke import duty as steelmakers flag supply crunch: Report

India’s Steel Ministry has urged the Finance Ministry to withdraw anti-dumping duties on low-ash metallurgical coke imports, citing supply shortages and rising prices that have increased costs for steelmakers

Germany to reduce air traffic tax from July, easing costs for airlines

Germany will cut its air traffic tax from July, rolling rates back to May 2024 levels to ease costs for airlines and improve competitiveness. The move follows industry criticism over high operating expenses and will reduce ticket levies across short-, medium-, and long-haul flights

Japan’s cooling inflation may force the Bank of Japan to pause further rate hikes

Subsidies, slowing consumer prices and a fragile yen are complicating the BOJ’s tightening path even as underlying inflation pressures refuse to disappear.

Indian expats in UAE rush to send money home as rupee weakens to historic low

Indian rupee hits a record low against the UAE dirham, prompting a surge in remittances from Indian expatriates in the Gulf even as economists warn of inflationary pressures and widening external imbalances

Sunbird France moves Delhi High Court to enforce Rs 70 crore UK judgment against SpiceJet

France-based engine lessor Sunbird has moved the Delhi High Court seeking enforcement of a UK Commercial Court judgment against SpiceJet for nearly $8 million (around Rs 70 crore) in unpaid lease rentals and maintenance dues, adding to the airline’s ongoing financial and legal challenges

PM Modi’s Europe tour opens new playbook for India’s trade and supply-chain ambitions: Experts

Prime Minister Narendra Modi’s Europe tour has opened new opportunities for India’s trade and supply-chain ambitions, the visit has strengthened investor confidence and deepened cooperation in semiconductors, clean energy, manufacturing and logistics, said industry observers

Ebola alarm: India and Africa are connected with 99 weekly flights

At a time when the Ebola virus is spreading in the Democratic Republic of Congo (DRC) and Uganda, India and Africa are connected by 99 weekly flights. While links with the DRC remain limited, there is significant traffic between Uganda and India because of centuries-old ties and the presence of a large Indian diaspora.