NEW DELHI: Days after a diktat by the maritime regulator against overcharging, shipping companies have started refunding additional charges to exporters.An industry executive said that some of the companies have started issuing credit notes to exporters for vessels that had reached their destination before the West Asia conflict broke out on Feb 28. “These were…
In her recent book ‘Having It All’ gender economist and associate professor of business economics and public policy at the Wharton School, University of Pennsylvania, Corinne Low talks about how women are caught in a ‘squeeze’ and what they must do to escape it.What made you write this book?I was caught in “the squeeze”- that…
With fears growing over the economic impact of surging oil costs, U.S. Treasury Secretary Scott Bessent said Thursday evening that the Trump administration is taking steps to promote stability and lower energy prices. “To increase the global reach of existing supply, the U.S. Treasury is providing a temporary authorization to permit countries to purchase Russian…
MUMBAI: The rupee hit a record low of 92.36 against the dollar on Thursday after attacks on oil tankers in the Strait of Hormuz pushed up crude prices, though the currency recovered to close at 92.19, down 15 paise from the previous session. It ended the session down 0.16%.Brent crude futures rose to a peak…
MUMBAI: A technical tweak in the way banks report fortnightly balance-sheet data may swell India’s credit numbers by more than Rs 2 lakh crore this year and lift measured loan growth by over a percentage point. The change concerns the date on which banks report credit and deposit figures to the RBI, a schedule that…
NEW DELHI: Centre on Thursday justified the exclusion of transgender persons, men having sex with men, and female sex workers from list of potential blood donors, saying the decision was not discriminatory but one based on health studies which found six to 13 times higher incidence of HIV among these groups.Additional solicitor general Aishwarya Bhati…
The United States has temporarily permitted the sale of Russian oil already in transit, according to a treasury department notice issued on Friday. This comes as energy prices surged following US-Israeli strikes on Iran that pushed the Middle East into war.The treasury granted a license allowing transactions involving Russian crude oil and petroleum products loaded…
NEW DELHI: Retail inflation inched up by 47 basis points in Feb, largely led by an increase in food & beverages and personal care & effects inflation. The West Asia conflict is likely to add further pressure.Data released by the National Statistics Office (NSO) on Thursday showed retail inflation, as measured by the consumer price…
The European Union’s recently-adopted Markets in Crypto Assets (MiCA) regulations is beginning to reshape the region’s digital-asset industry, creating new opportunities and barriers for firms seeking to operate across the bloc, a Swiss-based crypto wealth platform said. Swissborg, which boasts one million registered users and $1.3 billion in assets under management (AUM), is among the…
NEW DELHI: In an unusual development, TMC MPs had sought an appointment with President Droupadi Murmu to apprise her about the welfare initiatives taken by the Bengal govt. However, Rashtrapati Bhavan turned down their request citing “paucity of time”, as per sources.This comes after a political row errupted over allegations of protocol lapses during Murmu’s…
