NEW DELHI: India and the US kicked off ministerial level trade talks on Monday to work out a deal before the expiry of the current 10% tariff imposed by the Trump administration on imports from all countries.“India and the US share a strong and growing economic partnership. We had productive discussions on advancing negotiations towards…
MUMBAI: Markets regulator Sebi is proposing a common advertisement code for all its regulated entities. Under the new code, even individual mutual funds will be allowed celebrity endorsement at the brand level, an option not allowed currently. At present AMFI as the industry trade body could use such endorsements for the MF industry as a…
MUMBAI: Reserve Bank of India has opened the floodgates for foreign capital, allowing Indian banks to route money from overseas branches to non-resident Indians for deposits back home under a revamped FCNR(B) scheme, while also removing key currency and credit risks to spur inflows.The second dispensation that will have a multiplier effect on NRI deposits…
MUMBAI: A massive slide in tech-heavy Korean stock market on Tuesday, which followed the overnight sell-off in US tech stocks, pulled sensex down by nearly 900 points to 76,201 points. However, despite the day’s tech-led sell-off, foreign funds were net buyers, something that market players said was a positive sign.The day’s session started on a…
MUMBAI: E-commerce arch-rivals Flipkart and Amazon are on an expansion spree of sorts-they are aggressively ramping up the count of fulfilment centres to gain market share in quick deliveries, a segment they have been late to enter, ceding most of the space to Eternal’s Blinkit, Swiggy’s Instamart and IPO-bound Zepto.As they play catch up in…
MUMBAI: Raymond, which has shed its apparel and real estate businesses through a series of demergers, is in talks to acquire Deharde, a German precision engineering company that supplies aerostructures to Airbus and others, people familiar with the matter said.If completed, the deal would mark Raymond’s first overseas acquisition since its 2024 restructuring and would…
BENGALURU: Infosys sees a $300-$400 billion opportunity in AI-led services by 2030 and believes the technology will amplify, rather than diminish, the role of IT services companies, chairman Nandan Nilekani said on Tuesday.“AI will not replace companies like ours. It will amplify those who move with purpose and adapt with speed,” Nilekani told shareholders at…
BENGALURU: IPO-bound real estate and mortgage platform Square Yards has raised Rs 900 crore through a mix of debt and equity, catapulting it into the unicorn club as it gears up for a public listing. The funding round was anchored by real estate investment firm EAAA Alternatives, with participation from global corporate credit manager Muzinich…
India and the United States might just be a month away from finalising a trade deal! The two sides entered fresh rounds of negotiations after Washington held high-level trade discussions in New Delhi on Tuesday aimed at revisiting and recalibrating the proposed bilateral agreement, following recent changes in US tariff policy that disrupted the earlier…
Iran hopes to make the most of the temporary reprieve that could allow it to restart exports. (AI image) With the Donald Trump administration announcing a 60-day waiver for Iran’s petroleum products, Tehran is reportedly rushing to sell oil to some of Asia’s biggest crude buyers, including India.For years, sanctions restrictions forced Iran to direct…
