India and Oman on Thursday signed a Comprehensive Economic Partnership Agreement (CEPA) that will give duty-free access to over 98% of India’s exports to Oman.India agreed to cut tariffs on select Omani products such as dates, marbles and petrochemicals. The agreement is expected to come into force from the first quarter of the next calendar…
In 2025, Wall Street recorded new highs.Investors did not pay attention to the worries about Trump administration’s massive tariffs and the AI bubble concerns. The S&P 500 benchmark skyrocketed 15% so far this year, till December 17. S&P 500, another benchmark however, lagged behind its 23% jump last year. The S&P 500 has done well…
The TOI correspondent from Washington: In an animated prime time address from the Diplomatic Room in the White House on Wednesday night that was anything but diplomatic, President Donald Trump doubled down on a protectionist agenda that is sending ripples through the global financial system, emphasizing the benefits of broad tariffs and steep reductions in…
The Comptroller and Auditor General (CAG) on Thursday said that the Central Board of Indirect Taxes and Customs (CBIC) faces a sizeable staffing shortage in its audit formations, with 38 percent of positions vacant as of July 1, 2024, leading to gaps between planned and completed audits.The CAG’s report on the Department of Revenue for…
MUMBAI: US-based private equity (PE) firm L Catterton has picked up a minority stake in Haldiram Snacks Food amid a rush among investors to take a bite of India’s growing consumer market. The latest investment in Haldiram’s, known for its wide range of namkeen (snacks), sweets and ready to eat products comes less than a…
FILE – Nissan signage at Nissan headquarters in Yokohama, near Tokyo, on May 13, 2025. (AP Photo/Louise Delmotte, File) NEW DELHI: As it struggles to get sales and market share in India, Japanese automaker Nissan on Thursday said it will launch three new models in the country over the next 14-16 months, the first of…
Venezuela is producing approximately 900,000 barrels per day (kbd) of crude oil and condensate, which makes up about 1% of the global oil supply. (AI image) US President Donald Trump’s latest escalation in tensions and blockade of Venezuela oil tankers may have little impact on the global crude oil market, believes global real-time data and…
The India–Oman Comprehensive Economic Partnership Agreement (CEPA) will add to India’s growing network of preferential trade arrangements in the Gulf, but its significance lies more in consolidating market access and investment presence than in sharply expanding trade volumes, Ajay Srivastava, founder of the Global Trade Research Initiative (GTRI) said.India and Oman signed the agreement on…
Representative image (AI-generated) NEW DELHI: Defence production in India increased more than three times over the last 10 years, reaching an all-time high of Rs 1.54 lakh crore in 2024-25, up from Rs 46,429 crore in 2014-15, Union Minister of State for power Shripad Yesso Naik said on Thursday.Talking about India’s “aatmanirbharata” (self-reliance) in the…
For high-income taxpayers, buyback proceeds may now be taxed at slab rates up to 35.88%, despite the fact that the shareholder is surrendering and extinguishing their rights in the shares. (AI image) When the Finance Act, 2024 rewired the tax treatment of share buybacks, it upended a long-standing system that had—with all its imperfections—at least…
