Monday, October 26
Rishabh Pant smashed the fastest Test half-century on Australian soil by a visiting batter during the ongoing fifth Test of the Border-Gavaskar Trophy series at Sydney Cricket Ground on Saturday.Pant, who was struggling with the bat in the series so far, rose to the occasion to unleash his attacking prowess on day two of the series finale.Pant reached his fifty in just 29 balls, hitting a six off Mitchell Starc. This surpassed the previous record of 33 balls held by England's John Brown (Melbourne 1895) and West Indies' Roy Fredericks (Perth 1975). It also marked the second-fastest half-century by an Indian batter in Test cricket.The fastest half-century record by an Indian batter in a Test match also belongs to Pant which he attained in 28-ball against Sri Lanka in Bengaluru in 2022.The w
India's current account deficit (CAD) is expected to remain elevated in FY26 due to stringent global trade policies, according to a report by JM Financial.The report highlighted that the country's imports have consistently outpaced exports, leading to a widening trade deficit. The risk of a further deterioration in India's trade balance due to sluggish exports, which will keep the country's current account deficit (CAD) elevated.It said, "the global supply chain gets re-aligned with Trump's trade policies, India's exports will be impacted the most vs. imports; hence we expect exports to trail imports in 2025 as well".In November 2024, the trade deficit expanded to USD 37 billion, significantly higher than the monthly average of USD 23.5 billion recorded during April-October 2024.The report
Shipments to China of foreign-branded smartphones, including Apple Inc's iPhone, fell by 47.4% in November from a year earlier, according to data released on Friday from a government-affiliated research firm. Calculations based on the data from the China Academy of Information and Communications Technology (CAICT) showed that foreign brand shipments decreased to 3.04 million units from 5.769 million units a year earlier. The decline follows October's 44.25% year-on-year drop in foreign smartphone shipments, extending a sharp downward trend in the world's largest smartphone market. Apple, the dominant foreign smartphone maker in China, faces a slowing economy and surging competition from domestic rivals like Huawei. Chinese consumer prices fell in November to their lowest in five months, as
