New Delhi: Indian Oil Corporation (IOC), the nation’s largest oil firm, will invest over Rs 61,000 crore in setting up a mega petrochemical complex at Paradip in Odisha to meet the rising demand for petrochemicals in the world’s fastest-growing economy, its chairman AS Sahney said. IOC has signed a memorandum of understanding with the Odisha…
New Delhi: India’s merchandise exports to the US from sectors such as marine items, gold, electrical, and electronics are expected to decline by USD 5.76 billion this year due to increased American duties, according to the data analysis of think tank GTRI. However, it added that India’s competitive position in select product segments may help…
Mumbai: Stock market benchmark indices went into a tailspin in early trade on Monday, with the Sensex and Nifty crashing over 5 per cent, mirroring a sharp fall in global equities, after US President Donald Trump’s tariff hikes and retaliation from China fanned fears that a full-blown trade war will impact economic growth across the…
Online Desk The People’s #Bank of #China suddenly announced that the digital RMB (Renminbi, Chinese Yuan) cross-border settlement system will be fully connected to the ten ASEAN countries and six Middle Eastern countries, which means that 38% of the world’s #trade volume will bypass the SWIFT system dominated by the US dollar and directly enter…
Colombo: On Saturday, Sri Lanka conferred its highest civilian award, the Mithra Vibhushana, on Prime Minister Narendra Modi in recognition of his role in strengthening the ties between the two countries. The award was bestowed on Modi by President Anura Kumara Dissanayake at a ceremony held at the presidential secretariat. “It is a matter of…
Mumbai: The Reserve Bank of India on Friday said it will shortly issue Rs 10 and Rs 500 denomination banknotes in the Mahatma Gandhi (New) Series, bearing the signature of Governor Sanjay Malhotra. The design of these notes is similar in all respects to Rs 10 and Rs 500 banknotes in Mahatma Gandhi (New) Series,…
Beijing: China announced 34 percent tariffs on US imports on Friday, the first major economy to fire back against President Donald Trump’s swingeing new levies in an escalating global trade war that sent markets deep into the red. Countries and companies alike weighed their options and the EU readied for talks with US officials. Potential…
Mumbai: The latest tariff measures by the US administration will not have any material impact on India’s passenger vehicle exports due to the meagre volumes of such shipments, ICRA said on Thursday. As part of reciprocal tariffs on about 60 countries to counter higher duties on American products imposed globally, US President Donald Trump on…
New Delhi: Both India and the US want to expedite the negotiations for the proposed bilateral trade agreement (BTA) as the two countries are looking at promoting two-way commerce. The talks for the proposed pact could be used to deal with the reciprocal tariffs imposed by the US to get them rescinded or settled bilaterally….
Chennai: Taking strong exception to the passage of the Waqf Bill in the Lok Sabha, Tamil Nadu Chief Minister and DMK president M K Stalin on Thursday said his party would file a case in the Supreme Court against the Bill. The CM, who came to the Assembly wearing a black badge to protest against…
