A 10% rise in imports, despite a steep decline in inbound shipments from West Asia amid the continuing geopolitical disruptions, widened the trade deficit to $28.38 billion in April from $27.1 billion a year ago. The exports growth came despite…
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Larger banks are dominating the home loan market. Mid-sized private banks are struggling as competition squeezes profits. State Bank of India, ICICI Bank, HDFC Bank and Kotak Mahindra Bank are expanding their mortgage books using lower funding costs and wider…
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Market regulator Securities and Exchange Board of India (SEBI) has eased PAN-related compliance requirements for Foreign Portfolio Investors (FPIs) using the Common Application Form (CAF), a single form used by overseas investors for registration, opening bank and demat accounts, and…
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Air India has faced staggering losses exceeding INR 25,000 crore in the previous fiscal year, sending ripples through the aviation industry. This downturn has impacted Singapore Airlines, which has a vested interest in the Indian carrier. Factors such as volatile…
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Prime Minister Narendra Modi has strongly refuted media reports suggesting a new tax on foreign travel. He stated there is absolutely no truth to claims of discussions about imposing a cess or surcharge. The Prime Minister emphasized the government’s commitment…
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The move seeks to prevent smaller benches from deciding cases involving important legal questions, ensure consistent rulings, and streamline the process of resolving disputes.
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