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India's news, as it moves

Business

Business

India’s current account deficit narrows to $5.2 billion in August, RBI data shows

India's overall balance of payments showed a surplus of $45.4 billion in August 2026. This significant surplus is attributed to an increase in foreign currency inflows, especially from non-resident Indian deposits. The current account deficit also narrowed slightly to $5.2 billion during the same month. Foreign direct investment improved, with net inflows of $3.3 billion recorded.

15 OctTOI
Business

Flat redeveloped and sold for Rs 1.95 crore in 8 days; taxman denies LTCG, ITAT grants relief

The man had purchased a 510-square-foot flat in a housing society in Mumbai, during FY 2006-07, where he lived with his wife. Many years later, in FY 2012-13, the housing society entered into a redevelopment agreement with a builder. The builder handed over the redeveloped flat to the man after the two parties entered into an Agreement for Permanent Alternate Accommodation in 2018.

15 OctTOI
Business

India-China trade jumps 29% to $91.76 billion, overtakes US in first half of FY27

India's bilateral trade with China rose significantly in the first half of the financial year. Trade with the US also increased, although the surplus narrowed. Exports to various countries, including Singapore and Tanzania, showed substantial growth. However, imports from some nations declined during this period. Overall, projections for India's merchandise exports remain optimistic as growth tre…

15 OctTOI
Business

Rs 1 crore-plus salaries: Amid layoffs, which Indian IT jobs are getting huge salary premiums?

Even as restructuring and layoffs happen, some jobs in the IT sector are getting paid well - and across levels whether entry or senior. Which roles are in demand? What are the average salary levels for special capability sets and which roles are under pressure? The premium concentrates in four families, AI, Data, Cloud and Cybersecurity, and peaks where capability depth meets governance and scale.

15 OctTOI
Business

Russia begins diesel exports after Trump deal amid global oil market concerns

Russian diesel exports have started reaching global markets following an agreement with US President Donald Trump. The Kremlin stated that these supplies could help stabilize oil markets, but they will not suffice. Reports indicate that Russian shipments of diesel resumed from the Baltic port of Primorsk recently. Ukraine's leadership and various European officials have strongly criticized this d…

15 OctTOI