Veteran banker Uday Kotak said India needs to address its high gold imports, warning the gross import bill could rise to $88-90 billion in FY27. Speaking at a conference attended by Finance…
India imports over 85% of its crude oil, making it the country's single largest import item. In FY24, crude imports cost roughly USD 180 billion, nearly one-fourth of total imports. A USD…
Tata Mutual Fund, HDFC Mutual Fund, Axis Mutual Fund, and Aditya Birla Sun Life Mutual Fund have resumed accepting large lump-sum investments in their gold exchange-traded funds (ETFs) and gold fund of…
India's current account deficit (CAD) could widen in FY27, but strong capital inflows are expected to support the rupee and keep the balance of payments (BoP) in surplus of nearly $50 billion,…
The government has called a two-day meeting with state-owned lenders on August 17-18 to attract foreign investment and stabilise the rupee. Finance minister Nirmala Sitharaman will review proposals on the second day.…
