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Mumbai: India’s current account deficit is set to widen to 2.3 per cent of GDP in FY27 from 0.9 per cent in FY26, a foreign brokerage said on Monday.The balance of payments (BoP) deficit is estimated to widen to USD 65 billion in the current fiscal from the last fiscal year’s USD 35 billion, it said.Also read: WPI inflation crossing 10% mark not a tail risk but a near-term base case: ReportHSBC said it has assumed crude prices to average USD 95 a barrel, and combined it with sensitivities in oil, gold, core goods, services trade and remittances to arrive…

New Delhi: Several retail pharmacy associations across the country have declined to participate in the one-day nationwide strike, making a significant nationwide disruption to medicine availability increasingly unlikely.Sources in India’s Central Drugs Standard Control Organisation (CDSCO) said on Monday that the regulator is actively reviewing retail pharmacy concerns over e-pharmacy operations.The review follows a meeting between CDSCO and AIOCD representatives, who had called for the bandh over grievances linked to the growing presence of e-pharmacies and the regulatory framework governing online drug sales.Following the meeting, AIOCD was assured that the issues raised are under active consideration and that the regulatory…

Investors caught up in AI euphoria may need to be reminded that some industries go through slow periods. Source link

Mumbai: The Reserve Bank of India on Monday said it has decided against activating countercyclical capital buffer (CCyB) as the measure is not required in the current circumstances.As per the framework on countercyclical capital buffer (CCyB) laid out in the RBI (Commercial Banks – Prudential Norms on Capital Adequacy) Directions, 2025, CCyB would be activated as and when circumstances warranted, and the decision would normally be pre-announced.Also read: RBI tightens scrutiny of overseas investments as outflows surge to $27 billion in FY26The framework envisages the credit-to-GDP gap as the main indicator, which may be used in conjunction with other supplementary…

Rescuers have located the bodies of four Italian divers deep inside an underwater cave in an atoll in the Maldives, four days after they were reported missing.Searches had resumed after being suspended following the death of a local military diver during a perilous mission to try to reach them.The government of the Indian Ocean island nation confirmed on Monday the bodies were spotted in the innermost part of the cave by three Finnish diving experts, supported by the Maldives police and the military.“As was previously thought, the four bodies were found inside the cave, not only inside the cave but…

Federal authorities say a Chinese national who worked as a research scholar at the University of Michigan lied about his work on drones in the People’s Republic of China. According to a criminal complaint filed last week, Chuan Wang allegedly denied involvement in the production of military products during an interview with customs officers in 2023 when in reality he ran a company that designs and manufactures unmanned aerial vehicles and drones for the Chinese military. According to the complaint, Wang entered the United States in 2012 on a visa for visiting students and scholars to conduct research on aeroelastic…

Dharmendra Pradhan (File photo) NEW DELHI: Already facing calls to resign over the NEET-UG 2026 paper leak, Union education minister Dharmendra Pradhan may now have to face privilege proceedings in the Rajya Sabha after a notice was submitted against him for allegedly lowering the dignity of Parliament through remarks made at a press conference following the paper leak.Congress chief whip in the Rajya Sabha Jairam Ramesh on Monday moved the notice against Pradhan, accusing him of making “derogatory” comments against a parliamentary committee that, according to Ramesh, “reveal his contempt for Parliament.””I have given notice of a question of privilege…

NEWYou can now listen to Fox News articles! A New York judge has ruled that some key evidence seized from Luigi Mangione’s backpack during his arrest at a Pennsylvania McDonald’s is inadmissible at trial, while some of it can still be shown to jurors, including the suspected murder weapon.Judge Gregory Carro’s written ruling was posted online ahead of a hearing Monday morning. He agreed with the defense argument that a search of Mangione’s backpack at McDonald’s was unconstitutional because it had been moved away from arm’s reach, however, he found that a subsequent search of the bag at the police…

The higher education sector in the United Kingdom generated a total income of £53.9 billion in 2024-25. At the same time, combined expenditure climbed close behind to £53.1 billion, according to newly released financial data from the UK’s Higher Education Statistics Agency (HESA). The figures cover 299 higher education providers across the country and come at a time when universities are grappling with slowing international student enrolments, rising operational costs, and ever-tightening financial margins.International students continued to remain fundamental to university finances. HESA data showed overseas students’ fees accounted for 23% of the sector’s total income in 2024-25, the same…

The view out the window of the Orion capsule “Integrity” during NASA’s Artemis 2 mission around the moon. (Image credit: NASA)NASA’s Artemis 2 astronauts had quite the view on their “roadtrip” to the moon.In this image, captured by the astronauts onboard the mission’s Orion capsule “Integrity,” you can see the swirling stars of space from the window as the crew journeyed from our home planet to the moon.What is it?This past April, four astronauts — commander Reid Wiseman, pilot Victor Glover and mission specialist Christina Koch of NASA and Canadian Space Agency mission specialist Jeremy Hansen — blasted off on…