India brought in more than 32 lakh tonnes of key fertilisers during the first quarter of the current financial year, with imports of urea and di-ammonium phosphate (DAP) supplementing domestic production to meet demand, according to information shared by the government in Parliament.In a written reply to the Lok Sabha, chemicals and fertilizers minister J…
US President Donald Trump on Thursday imposed fresh tariffs on imports from 60 economies over concerns related to forced labour practices, with India among 17 economies that will face a lower 10% tariff instead of the proposed 12.5% duty.The new tariffs, imposed under Section 301 of the Trade Act of 1974 took effect at 12.01…
The United States has imposed a 10% tariff on Indian goods under Section 301, but economists believe the immediate impact on India’s exports will be limited.While the move offers some relief compared with higher tariff proposals, they say that the real challenge lies in reducing the country’s dependence on a single export market by broadening…
Rahul Bhatia, promoter and MD of India’s largest carrier IndiGo NEW DELHI: Rahul Bhatia, promoter and MD of India’s largest carrier IndiGo, has opposed the proposed move to allow airport operators in India to own and run airlines too. “There is no global precedent for this. It raises massive conflict-of-interest concerns, and it is unclear…
With less than a month before US President Donald Trump‘s proposed 50% tariffs are due to take effect, Canadian Prime Minister Mark Carney has said Ottawa will not retaliate in advance, instead, will continue negotiations. Carney said that the country does not need to respond “in advance” and any such measure would be “counterproductive”. With…
Rupee staged a recovery in early trade on Friday, rising 22 paise against the US dollar after opening on a weak note, with likely intervention by the Reserve Bank of India helping the domestic currency steady despite crude oil prices breaching the $100-a-barrel mark.The currency, which had ended 20 paise weaker at 96.73 on Thursday,…
ITC chairperson Sanjiv Puri, on Thursday, said the company aspires to become India’s number one FMCG player, telling shareholders at the annual general meeting that its non-tobacco FMCG business has crossed Rs 24,000 crore in revenue.The milestone makes it the second-largest FMCG company by revenue after Hindustan Unilever, ahead of Nestle (Rs 23,200 crore in…
Sensex plunges over 700 points, slips below 75,700 in early trade The BSE Sensex slumped 715.85 points (0.94%) to 75,675.54 at 9:42 am, extending early losses as soaring crude oil prices, escalating Middle East tensions and weak global cues dampened investor sentiment. Source link
Fidelity International-backed Eight Roads Investments, Flipkart and IMM India Fund are collectively selling up to 9% stake in Shadowfax MUMBAI: Fidelity International-backed Eight Roads Investments, Flipkart and IMM India Fund are collectively selling up to 9% stake in Shadowfax through block deals worth around $108 million (Rs 1,048 crore), the term sheet of the…
Gold, silver price today: International gold tumbles over 2% after hitting two-week high Global gold prices witnessed a sharp correction after climbing to a two-week high in the previous session. Spot gold dropped more than 2% to around $4,043 per ounce during US trading, after earlier touching its highest level since July 7. Silver also…
