India cuts Nov. gold imports by record $5 billion

After miscalculation, India cuts April-November gold import estimate by $11.7 billion
India Fixing Record Trade Deficit After Overstating Gold Imports
India’s government is still finalizing revisions to gold import figures and trade data after discovering discrepancies in their calculation last month, according to people familiar with the matter.
India revises November gold import data, uncovering $5 billion error
India's gold import figures for November have been revised sharply downward to $9.8 billion, significantly lower than the previously announced $14.8 billion, according to data from the Directorate General of Commercial Intelligence and Statistics (DGCIS) released on Wednesday.
India's TCS misses Q3 revenue estimate
Tata Consultancy Services , India's largest software company, posted a smaller-than-expected third-quarter revenue on Thursday as clients pared tech spends on account of macro-economic uncertainty.
Mercedes to expand in India's smaller cities as younger generations splurge
Germany's Mercedes-Benz , fresh off a year of record sales in India, plans to add another 20 dealerships or service outlets in 2025 - mainly in smaller cities where young, well-travelled business owners are indulging in luxury goods.
India temple apologises after six killed in crush
One of India's richest temples has apologised after a crush there killed six people and injured dozens. The stampede took place on Wednesday night after thousands gathered at the Tirupati temple in the southern Andhra Pradesh state for tickets to a special festival.
Survivor recounts harrowing escape from deadly mine collapse in India
A survivor of a coal mine disaster in India has shared a harrowing account of the moments after the tunnel was suddenly engulfed by water. Ravi Rai was working in the mine in the north-eastern state of Assam on Monday morning when water entered the pit.
Pakistan, Bangladesh Invited For An 'Undivided India' Event, Islamabad Confirms
India has invited Pakistan and Bangladesh, among other neighbouring countries to participate in an 'undivided India' seminar being organised in New Delhi.
India's TCS misses Q3 revenue estimate as N.America market drags
By Sai Ishwarbharath B and Haripriya Suresh BENGALURU/MUMBAI (Reuters) -Tata Consultancy Services, India's largest software company, posted a smaller-than-expected third-quarter revenue on Thursday as its key North America market underperformed for the fifth consecutive quarter.
Corporate capital expenditure recovery ruled out in FY26: India Ratings
Amid multiple headwinds and weak macroeconomic and microeconomic conditions, a sustained easing of banking system liquidity is necessary, the agency added
India slips 5 positions in most powerful passport ranking, Singapore reclaims top spot
India’s passport ranking has fluctuated significantly. It peaked at 71st in 2006 but has seen declines, particularly from 2015 to 2021, with a notable drop to 90th in 2021.
After a last visit from Biden’s team, India readies itself for Trump
U.S.-India relations grew under President Joe Biden, and New Delhi hopes they will blossom with the new Trump administration. But numerous differences exist under the surface.
India’s Economy Set for Weakest Growth Since the Pandemic
India’s government lowered its economic growth projection for the fiscal year to the weakest since the pandemic, with economists saying even that forecast may be too optimistic.
Growth of Dirtiest Steelmaking Tests India’s Carbon Mission
India’s construction frenzy has triggered a rush to make steel on the cheap, using some of the dirtiest technology and straining Prime Minister Narendra Modi’s plans to slash carbon emissions.