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Michael Patra | Photo Credit: Corporate investments are the missing links in the Indian economy which had a three-year average annual growth rate of 8.1% in fiscal 2024, according to former RBI deputy governor and economist Michael Patra. India spends among the lowest per capita on physical infrastructure ($90), Dr. Patra said. “We need to…
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India’s current account deficit (CAD) narrowed to $2.4 billion (0.2% of GDP) in the April-June quarter (Q1FY26) from $ 8.6 billion (0.9% of GDP) in the year ago period and against a surplus of $13.5 billion (1.3% of GDP) in Q4:FY25, according to data released by the Reserve Bank of India (RBI) on Monday (September…
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Maruti Suzuki India Ltd. reported a more than 7% fall in domestic sales at 1,44,145 units from 1,55,779 units sold in August 2024. | Photo Credit: Reuters Top passenger car companies witnessed reduced sales in August 2025 possibly due to buyers deferring purchase decisions to pay lower goods and services tax (GST) as and when…
Deutsche’s retail banking revenue in India in the financial year to March 2025 stood at $278.3 million, its disclosures show. File. | Photo Credit: Reuters Deutsche Bank is exploring the sale of its Indian retail banking assets and has invited bids from domestic and foreign lenders in the country, two sources told Reuters, making it…
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Russian President Vladimir Putin, left, and Chinese President Xi Jinping walk together at the Shanghai Cooperation Organization (SCO) summit in Tianjin, China , on September 1, 2025. | Photo Credit: AP UN Security Council permanent members China and Russia backed Iran on Monday in rejecting a move by European countries to reimpose UN sanctions on…
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