Nobel laureate Abhijit Banerjee has said India should reassess whether importing cheap oil from Russia is “worth it” after the Trump administration imposed an additional 25 per cent tariff on Indian goods, taking the total levy to 50 per cent — one of the highest by the US on any country.The latest tariff hike, signed…
Over the last five years, India has expanded its international trade relationships by signing five major Free Trade Agreements (FTAs) whilst progressing with several new negotiations, as detailed in Minister of State for Commerce and Industry Jitin Prasada‘s written response to the Rajya Sabha.The Minister provided this information in response to Congress member Jebi Mather…
Nayara Energy is responsible for approximately 8% of India’s refining capacity and 7% of its retail fuel station network. (AI image) Nayara Energy, the Russia-backed Indian refinery, is facing a perfect storm – hit by European Union sanctions, currently faces multiple challenges: disrupted global shipping, domestic regulatory constraints, changes in leadership and concerns regarding digital…
NEW DELHI: Six of the country’s 10 most valued companies saw a combined erosion of Rs 1,36,151.24 crore in market capitalisation last week, dragged down by weak sentiment in equity markets, with Reliance Industries suffering the steepest loss. The BSE Sensex fell for the sixth straight week, shedding 742.12 points or 0.92 per cent, while…
Yellow Line of Namma Metro to be inaugurated by Prime Minister Narendra Modi (PTI photo) NEW DELHI: Prime Minister Narendra Modi will inaugurate the Yellow Line of Bengaluru’s Namma Metro on Sunday, marking a major expansion of the city’s mass transit system. The 19-km corridor from RV Road (Ragigudda) to Bommasandra under Phase-2 will link…
Sebi revises norms on InvITs Sebi has modified the framework governing the transformation of private listed Infrastructure Investment Trusts (InvITs) to public InvITs, with updated sponsor holding requirements and harmonised disclosure norms.The market regulator implemented these modifications with immediate effect, following industry feedback and guidance from the Hybrid Securities Advisory Committee, according to The updated…
MUMBAI: At the heart of India’s non-leather footwear manufacturing hub in Tamil Nadu where global brands such as Nike, Puma, Crocs and Adidas are pouring in several thousand crores of investments, there is worry over the looming US tariff threat of 50%. Brands are looking to reroute some of their orders to the US through…
NEW DELHI: There is a need to redefine the role of independent directors, and company boards must treat them as “stewards of accountability” and not as honorary appointees, Sebi chairman Tuhin Kanta Pandey said on Friday. He called on boards to equip themselves to meet the challenges of the future.“They must be viewed and treated…
Michigan Governor Gretchen Whitmer met privately with President Donald Trump this week to deliver a message she knew he might resist: his tariffs are hurting the state’s automotive industry, threatening jobs and profits in a sector central to Michigan’s economy.The Democrat brought a slide presentation to the Oval Office meeting on Tuesday, highlighting how Trump’s…
The Reserve Bank of India (RBI) has announced that investors in Sovereign Gold Bonds (SGB) 2019-20 Series-IX and 2020-21 Series-V can opt for premature redemption on August 11, 2025, at Rs 10,070 per unit.These government-backed bonds, with an eight-year tenure, allow early redemption only after the fifth year from the date of issue and exclusively…
