Bangladesh’s trade deficit jumps by 38 pc as exports decline

IANS | September 9, 2026 2:38 PM

New Delhi, Sep 9 (IANS) The trade deficit of Bangladesh, which shows the amount by which the value of the country’s exports fell short of its import bill, widened by 38.36 per cent to $2.08 billion in July, mainly due to high import growth amid a contraction in exports, according to a report in Dhaka-based The Daily Star newspaper.

Rentomojo flags supplier dependence, city concentration among key IPO risks

IANS | September 9, 2026 2:35 PM

New Delhi, Sep 9 (IANS) Furniture and appliance rental platform Rentomojo has flagged dependence on third-party suppliers, concentration of revenue in major cities and subscriber payment defaults among key risks to its business in its draft red herring prospectus (RHP) for its Rs 1,255.57-crore initial public offering.

How India’s $13 billion plan aims to boost self-reliance in chip production

IANS | September 9, 2026 2:06 PM

New Delhi, Sep 9 (IANS) India plans to invest $13 billion in the second phase of its semiconductor mission, as it seeks to build a domestic chip ecosystem covering design, manufacturing, assembly and testing. The aim is to reduce the country’s heavy dependence on imported chips while the surging domestic demand is expected to touch $200 billion by 2035, according to a new report.

DRI seizes about 740 kg of cannabis in eight operations; 13 held

IANS | September 9, 2026 1:04 PM

New Delhi, Sep 9 (IANS) The Directorate of Revenue Intelligence conducted eight major operations across the country in the last fortnight and seized around 740 kg of cannabis and charas and arrested 13 people, an official statement said on Wednesday.