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NEW DELHI: The government on Wednesday raised import tariffs on gold and silver to 15% from 6%, according to Reuters. The move is aimed at curbing precious metal imports and easing pressure on India’s foreign exchange reserves.The sharp increase in duties comes just days after Prime Minister Narendra Modi urged Indians to avoid buying gold…
Did Banks Start Leaving Dubai? Standard Chartered Issues Urgent Statement Amid Iran vs US-Israel War The intensifying geopolitical conflict between Iran, the United States and Israel is beginning to ripple through global financial markets, prompting international banks to reassess operations in the Gulf. At the center of the latest developments is Standard Chartered, which has…
In the last year, steel-stock gains have been between 20% and 40%, while the Nifty has gained 9-10%, marking a clear out performance. The strong performance is even more pronounced against a highly-volatile global back-drop, given the trade disruptions, geo-political disturbances and slowing growth. Everyone knows that Chinese production and exports are the biggest variable…
File photo: Ajit Pawar and Sharad Pawar NEW DELHI: The Sharad Pawar-led faction of the Nationalist Congress Party (NCP) on Saturday dismissed what it termed a “perception” that it had been aggressively pursuing a merger with the rival NCP group headed by Ajit Pawar, who died in a plane crash last month.The final decision on…
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MUMBAI: Outward remittances by resident Indians under the Liberalised Remittance Scheme fell in Nov 2025 to a two-year low partly because of a dip in education-related travel and also because of seasonality.Total outflows slipped to $1,937.2 million from $2,364.5 million in Oct, an ~18% sequential drop, and edged below $1,946.4 million in Nov 2024. The…
The concluded India–New Zealand free trade agreement includes a tightly ring-fenced investment arrangement that will allow New Zealand firms to process dairy inputs in India exclusively for re-export, while keeping India’s domestic dairy market fully protected, Commerce and Industry Minister Piyush Goyal said on Monday, PTI reported.Under the arrangement, firms from New Zealand can bring…
Coinbase CEO Brian Armstrong said any attempt to reopen the GENIUS Act would cross a “red line,” accusing banks of using political pressure to block competition from stablecoins and fintech platforms. In a Sunday post on X, Armstrong said he was “impressed” banks could lobby Congress so openly without backlash, adding that Coinbase would continue…
NEW DELHI: Power and road transport ministries have been asked for clarity on recovery of penalties imposed on carmakers for failing to meet the Corporate Average Fuel Efficiency (CAFE) norms. CAFE, a mandatory regulatory standard, sets limits on average CO2 emissions or fuel consumption for the entire fleet of vehicles sold by a carmaker.It’s learnt…
