MUMBAI: India has cut its November gold import estimates by an unprecedented $5 billion, the largest revision for any commodity in history, after errors in preliminary calculations inflated the figure to a record, government data showed on Wednesday.
New Delhi said last month its gold imports hit a record high of $14.8 billion in November, more than doubling from $7.13 billion in October.
The spike widened the country's merchandise trade deficit to a record $37.84 billion in November, exceeding economists' forecast of $23.9 billion and spooking financial markets.
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Refiners pull all levers to replace Russian shipments
RUSSIA RANKED AS INDIA'S NO. 1 OIL SUPPLIER BY VOLUME LAST YEAR, BEATING IRAQ AND SAUDI ARABIA
UGC Opens New Front in Federalism Battle
The draft UGC (Minimum Qualifications for Appointment and Promotion of Teachers and Academic Staff in Universities and Colleges and Measures for the Maintenance of Standards in Higher Education) Regulations, 2025 has become a new flashpoint in Centre-state relations.
Scientific Temper, Social Benefit the Only Holy Cows
Can there be \"public science of cow sacrality\"? Veezhinathan Kamakoti, the director of the Indian Institute of Technology (IIT) Madras, recently attempted this when he advocated cow worship based on some scientific research and considerable religious passion.
Shubhankar eyes a happy homecoming
In terms of statistics alone, Shubhankar Sharma has had a pretty consistent 2024 where he made the cut 21 times in 26 starts and had two top-10 finishes in Europe's DP World Tour.
Why India badly needs a trauma care ministry
As we head into India's annual Budget exercise, I have a suggestion for finance minister Nirmala Sitharaman. Even as she balances priorities and determines who gets how much out of the growing pie of tax money, can a new ministry (or department) for trauma care be considered?
Tata Motors Says Profits Hurt by China Economic Slowdown
Jaguar Land Rover's Indian owner said profitability is being hurt by economic challenges in China, a market where weak demand and consumer preference for electric vehicles are hurting sales of traditional top-end cars.
'Star culture' and BCCI's leaked, unofficial diktat
You know that BCCI policy document? The version floating around which reads as if it was written by Chat GPT wasn't meant to be released to the public.
NRAI Plans to Approach CCI Over 'Private Labelling' by Zomato, Swiggy
NRAI Has Raised Concerns Over 'Anti-Competitive' Practices of Food Delivery Aggregators, Data Masking and 'Deep Discounting'
Rubio Discusses Iran Issue, Gaza Hostages With Israeli Premier
US Secretary of State Marco Rubio spoke with Israeli Prime Minister Benjamin Netanyahu on Wednesday to reiterate Washington's support for its ally, and the two also discussed Iran and Israeli hostages in Gaza, the State Department said.
178 Troops Freed Over Deadly 2009 Mutiny
Bangladesh let 178 former paramilitary troops walk free from jail on Thursday, nearly 16 years after they were detained over a violent mutiny that massacred dozens of senior army officers.
