Oil products now account for a much larger share of India’s exports to several destinations. India’s oil-products export map is expanding and the country is fast emerging as an important ‘swing supplier’ in the world’s refined fuel markets as the Middle East crisis continues to disrupt flows.As TOI recently reported, Singapore has become India’s third-largest…
SBI cash withdrawal rules change from October 1 From October 1, SBI customers will have to pay Rs 15 plus applicable GST for cash withdrawals beyond the existing limit of four free withdrawals a month. The charge will apply to Basic Savings Bank Deposit (BSBD) accounts opened through the branch channel.The bank said that customers…
Centre may cut local-remedy wait for foreign investors from 5 years to 1 NEW DELHI: Seeking to address a long-pending grouse of overseas investors, govt is all set to amend the model bilateral investment treaty (BIT) to allow for international arbitration one year after exhaustion of local remedies, instead of the current five-year clause that…
Sebi bars 2 entities after Sensex CAS manipulation, orders Rs 3.76cr disgorgement MUMBAI: The first Sebi order relating to the recently introduced Closing Auction Session (CAS) system showed how, using money power, large institutions could manipulate the system and turn loss-making trades into profits in their books.In the order published late on Wednesday, Sebi’s investigation…
The plan will also include local value-addition targets for machines that are currently fully imported (representative image) India is set to approve a $1.2-billion incentive scheme for manufacturing high-value and technologically advanced construction and infrastructure equipment, as the government seeks to reduce the country’s dependence on China for critical machinery, according to two government sources…
RBI’s Poonam Gupta sees India growing above 6.7% forecast, says 7.5% is ‘a given’ CHENNAI: Despite multiple challenges, including the oil and tariff crises, heightened global uncertainty and the possibility of a rainfall deficit, India’s GDP is likely to grow faster than Reserve Bank of India‘s projected 6.7% this fiscal, RBI deputy governor Poonam Gupta…
PM Narendra Modi had last month flagged off India’s first hydrogen-powered train. Within a month of launching its first hydrogen-powered train, Indian Railways is now looking for cheaper green hydrogen options to expand operations. Indian Railways is considering several measures to expand the pool of green hydrogen suppliers and bring down procurement expenses, including providing…
Gold’s technical structure remains strongly bullish, supported by a sustained sequence of higher highs and higher lows. Gold price prediction today: Gold prices are showing a technically bullish trend, says Jateen Trivedi, VP Research Analyst – Commodity and Currency, LKP Securities. However, he believes that traders should not look to chase the rally at higher…
Gold prices remained steady on Friday as the precious metal headed for a third consecutive weekly gain, supported by a weaker US dollar and US treasury department efforts to keep longer-term yields under control. Spot gold was little changed at $4,514.23 per ounce as of 0031 GMT, after reaching its highest level since early June…
Rupee rises 9 paise against US dollar Rupee began Friday on a strong note against the US dollar, gaining 9 paise to 95.65 as the American currency weakened in overseas markets.The recovery, however, remained constrained by elevated crude oil prices, according to forex traders.At the interbank foreign exchange, rupee started the session at 95.69 before…
