
Oil Dependence Keeps Trade Deficit Alive, but $1 Trillion Export Goal in Sight: IIFT VC
IIFT VC K. Rangarajan explains why India's trade deficit persists and how petroleum exports and new FTAs could push exports past $1 trillion.
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IIFT VC K. Rangarajan explains why India's trade deficit persists and how petroleum exports and new FTAs could push exports past $1 trillion.

Reliance Retail reports a 6.4% revenue jump to Rs 91,716 crore in Q2 FY27, though profits dipped to Rs 2,619 crore amid strategic investments.

Reliance Industries hits record Q2 revenue of Rs 3.62 lakh crore with profits surging 33.8%. Discover the growth in O2C and Jio's historic IPO.

Union Minister Piyush Goyal encourages young entrepreneurs to think global and leverage FTAs to create globally competitive Indian businesses.

Jio Platforms reports a 13.7% jump in Q2 FY27 profit and strong revenue growth in its first financial results after its historic IPO listing.

India's foreign exchange reserves dropped by USD 1.27 billion in the week ending Oct 23, primarily driven by a decline in gold value.

Indian Oil Corporation bounces back with a massive Rs 21,630 crore net profit in Q2 FY27, driven by lower crude prices and strong petrochemical margins.

RBI data reveals a sharp rise in bank lending across services, industry, and agriculture sectors for September 2026.

World Bank data shows India's poverty rate plummeted from 57.7% to 16.1%. FM Nirmala Sitharaman hails this as a win for the NDA government.

The RBI Central Board met in Mumbai to evaluate India's economic outlook, discuss potential risks, and review DICGC activities.

BharatPe reports 11% revenue growth and a 20% rise in adjusted EBITDA profit for FY26, driven by lending and AI-led financial services.

GAIL reports a strong Q2 FY27 with Rs 4,650 crore profit and announces the upcoming IPO for GAIL Gas. Read the full financial breakdown here.

Finance Minister Nirmala Sitharaman and Russian Ambassador Denis Alipov discuss boosting trade, investment, and financial connectivity in New Delhi.

Goa partners with ANVI for a Rs 5,000 crore LPG terminal at Mormugao Port to ensure energy security and create 2,450 jobs.

India's fiscal deficit reached Rs 7.14 lakh crore in April-September, marking 42.1% of the annual target. See the full expenditure and revenue breakdown.

SBI research reveals 45.6% of Indian households use digital payments, highlighting a huge income gap and shifts in shopping habits.

SEBI extends KYC review cycles up to eight years for eligible FPIs to reduce paperwork and boost ease of doing business in India.

Indian markets ended higher on Oct 30, 2026, as IT and Pharma gains offset broader selling. See the top gainers and losers here.

India's fisheries sector is shifting toward AI, IoT, and value-added processing with massive government investment to boost rural livelihoods.

ASSOCHAM urges India to invest in grid infrastructure and battery storage to meet climate goals, estimating a USD 2.5 trillion requirement.

Argentine Ambassador Mariano Caucino highlights growing ties, food security, and energy cooperation between India and Argentina.

Karnataka ranks second in India for FDI with USD 12,939 million. Minister MB Patil outlines the path to a USD 1 trillion economy via FTAs.

Airtel Africa reports a 20.2% jump in half-year profit to USD 452 million, driven by strong data and mobile money growth.

Sensex and Nifty gain 0.5% as IT and Pharma stocks rally, though high crude prices and foreign outflows limit the broader market momentum.