NEW DELHI: Nearly two decades after a working group was formed to compile producer price index (PPI), govt Tuesday finally laid out a road map for its introduction. On June 15, govt will unveil the revised wholesale price index, with 2022-23 base, and along with it will come PPI.In five years, govt intends to phase…
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Los Angeles Mayor Karen Bass (L) and Los Angeles mayoral candidate Spencer Pratt. Los Angeles Times | Getty Images Los Angeles voters are heading to the polls Tuesday to elect their next mayor, a race that has put all eyes on the nation’s second-largest city. But if no one reaches more than 50% of the…
TOI correspondent from Washington: US Secretary of State Marco Rubio has renewed pressure on New Delhi’s purchases of Russian oil, telling Congress on Tuesday that the Trump administration wants to end “as soon as possible” sanctions waivers and special arrangements that have allowed countries such as India to import Russian oilRubio’s remarks during a Senate…
The Reserve Bank of India (RBI) on Tuesday announced a Rs 50,000 crore two-day Variable Rate Repo (VRR) auction, a move aimed at managing short-term liquidity conditions ahead of the central bank’s monetary policy review.The auction will be conducted on June 3 between 9:30 am and 10 am, while the reversal of funds will take…
Galaxy Digital (GLXY) said Tuesday it had launched over-the-counter (OTC) prediction markets trading for institutional investors, becoming one of the first major digital asset firms to offer large-scale access to event-driven markets through a bilateral trading framework. The Nasdaq-listed company said that the new service, offered through its global markets trading desk, will allow hedge…
SRINAGAR: Airports Authority of India plans to suspend operations at Srinagar airport for 16 days in Oct for runway maintenance and other repairs, raising alarm among tour operators who fear the shutdown would deal a blow to an industry still reeling from last year’s Pahalgam attack during peak Durga Puja holiday season when droves of…
A few months after taking over from Warren Buffett , Greg Abel is making it clear he intends to put Berkshire Hathaway ‘s cash hoard to work. In the span of just a few days, Berkshire committed nearly $17 billion across two major transactions, agreeing to acquire homebuilder Taylor Morrison Home for $6.8 billion, excluding…
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India and the UK on Tuesday discussed the key issues delaying the implementation of the Comprehensive Economic and Trade Agreement (CETA), as both sides reviewed progress under the trade pact signed in July last year.The issues came up during a meeting between Commerce Secretary Rajesh Agarwal and UK Permanent Secretary Amanda Brooks.“Engaged in extensive discussions…
