India’s services sector has emerged as a key pillar of external sector resilience, cushioning the impact of a widening merchandise trade deficit, according to the April Monthly Economic Review.

The domestic share market indices traded on a positive note on Monday, with the Nifty finishing above 24,100 mark, amid intraday volatility.

The US-carrier Spirit Airlines, known for its budget-friendly fares, has announced that it is ceasing operations effective immediately.

The Union government Centre on Saturday notified 100 per cent Foreign Direct Investment (FDI) in insurance companies under the automatic route, opening the door for greater participation by overseas investors.

India and Tanzania have reinforced their commitment to expanding bilateral trade and economic cooperation, with total trade between the two countries surpassing the $9 billion mark in 2025–26.

India is among six countries, including China and Russia, on the priority watch list in a special report released by the US Trade Rep.