NEW DELHI: India will eliminate or reduce tariffs on a wide range of US food and agricultural products, a move that is expected to make several American imports cheaper for Indian consumers, according to a joint statement released by India and the United States on Saturday announcing the framework for an interim trade agreement.Products that … Read more
India and the United States released a joint statement on Saturday, announcing the framework for an interim trade agreement. Under the newly announced trade pact, tariffs on Indian goods will drop from 50% to 18%. “The US and India are pleased to announce that they have reached a framework for an Interim Agreement regarding reciprocal … Read more
Mumbai: The board of the National Stock Exchange (NSE), the biggest stock exchange in India in terms of turnover and number of trades, on Friday gave its nod for the exchange to go for its long-awaited public offering. The NSE IPO will be an offer-for-sale. Currently, LIC, with a 10% stake in the bourse, is … Read more
Reliance has returned to Venezuelan crude after a pause that began in the middle of last year, as India seeks to diversify its supply and US intervention brings the South American country’s oil back to market.The refining giant has taken one very large crude carrier with a cargo of around 2 million barrels, according to … Read more
US President Donald Trump on Friday signed an executive order revoking the additional 25 per cent tariff imposed on all imports from India over New Delhi’s purchases of Russian oil, the White House said.The move comes days after India and the United States finalised a long-pending trade deal, following nearly a year of trade tensions … Read more
File photo: Traders work on the floor of the New York Stock Exchange (Picture credit: AP) US stock markets moved higher on Friday, clawing back part of the heavy losses seen earlier in the week, as technology shares recovered and bitcoin halted its recent slide. The rebound came after several volatile sessions driven by worries … Read more
Gold price today: Precious metal prices fell sharply in the national capital on Friday as investors continued to book profits for the second consecutive session. Silver plunged nearly 5%, while gold also registered a steep decline.According to the All India Sarafa Association, silver prices dropped by Rs 13,000, or 4.85%, to Rs 2,55,000 per kilogram … Read more
The 7 high-speed rail corridors have been identified with an aim to provide high-speed connectivity across key economic centres. (AI image) Indian Railways is looking to move to a passenger train services model that offers faster, more comfortable, and premium travel experience. In that context Finance Minister Nirmala Sitharaman’s Union Budget announcement of seven new … Read more
Equity markets ended slightly higher on Friday after the Reserve Bank of India left interest rates unchanged, a move that was widely expected, and announced a proposal to allow banks to lend to Real Estate Investment Trusts (REITs) under prudential safeguards.The 30-share BSE Sensex rose 266.47 points, or 0.32 per cent, to close at 83,580.40. … Read more
Market regulator Sebi has put forward proposals to widen the investment possibilities for Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs) in liquid mutual fund schemes on Thursday.Currently, these trusts can only invest in liquid funds with the highest credit risk rating, limiting their options.These measures are part of Sebi’s push to make … Read more