IMF said that the emerging market and developing economies have experienced \"powerful crosswinds\" in recent months, courtesy factors like higher yields in the United States, dollar appreciation, escalating trade tensions, geopolitical conflict, and rising oil prices.

The trade deficit in June 2018 is the highest since November 2014 when the gap was USD 16.86 billion. The deficit in June 2017 stood at USD 12.96 billion.

The trade deficit in June is the highest since November 2014 when the gap was $16.86 billion. Oil imports during the month were up 56.61 per cent to $12.73 billion.

The Sensex is at an all time high with multiple factors fuelling the rally; the process of selection of the 'Institutes of Eminence' continues to create controversy; the US has threatened 10% tariff on $200 billion worth of imports from China. BusinessToday.In Editor Rajeev Dubey explains this and more on The Good, The Bad and The Ugly.

It has also been agreed that South Korea would permit Indians to set up yoga training institutes and send yoga trainers, while the Korean would do the same for Taekwondo.

A Donald Trump visit on Republic Day may well be tom-tommed by the government as India's biggest foreign policy coup in the run up to general elections next year.

The maker of Reva, India's first electric car, Chetan Maini and Uday Khemka's SUN Mobility has joined hands with American tech giant Microsoft to build a smart network to effectively deploy its universal energy infrastructure.

With rupee hitting its lowest against dollar, prices of imported commodities, ranging from petroleum products to electronics went up, driving consumer inflation up. High crude oil prices also made an impact.

Though India is yet to make its stand on Iran oil official, Indian refiners have reportedly already started cutting down on imports.

Eighteen companies have raised over Rs 23,000 crore via IPOs in the first half of this calendar so far; US has asked India to reduce its oil imports from Iran from 27 million tonne last year to nil by November 4; the substantial increase in MSP announced on Kharif crops were meant to prepare the grounds for the government in the run-up to general elections 2019. BusinessToday.In Editor Rajeev Dubey explains this and more on The Good, The Bad and The Ugly.

If the venture takes off, it will help the country build a strategic reserve of key minerals.

The OPEC nations that comprised 15-member countries and Non-OPECnations, led by Russia, have been withholding oil production to boost the prices. The US plan to reintroduce oil exporting sanctions against Iran from November has also given rise to crude oil prices.

The three state-owned fuel retailers, IOC, Bharat Petroleum Corp Ltd (BPCL) and Hindustan Petroleum Corp Ltd (HPCL) had not revised petrol and diesel prices since June 26 before which it was on a steady decline.

CBI seeks custodial interrogation of P Chidambaram in INX Media caseThe Central Bureau of Investigation (CBI) on Tuesday moved a plea in the High Court for permission to go ahead with the custodial interrogation of former finance minister P Chidambaram in the INX Media corruption case as he was not allegedly cooperating in the investigation. The investigating agency moved its application merely a few hours after Chidambaram's plea for extension of interim protection from arrest wa...

India imported 771,000 barrels of crude oil a day from Iran in May, a 35 per cent increase from the previous month.

India's oil ministry has asked refiners to prepare for a 'drastic reduction or zero' imports of Iranian oil from November, two industry sources said, the first sign that New Delhi is responding to a push by the United States to cut trade ties with Iran.

The rupee collapsed to a lifetime low of 69.10 against the US dollar by plunging 49 paise in early trade today. Rising crude oil prices deepened concerns about the country's current account deficit and inflation dynamics. Watch BusinessToday.In video to find out about what led to the fall of the Indian currency.

Rupee collapsed to a record low of 69.10 against the US dollar by plunging 49 paise in early trade today as rising crude oil prices deepened concerns about the country's current account deficit and inflation dynamics.

The format the 2+2 Dialogue had been agreed upon when Prime Minister Narendra Modi met US President Donald Trump for the first time in the White House last June.

The rupee today depreciated by 30 paise in early trade on strong month-end dollar demand from importers and banks amid sustained foreign capital outflows.