India rolled out a new trade measure on Tuesday, imposing safeguard duties on certain steel imports for a period of three years. The move comes as a push to protect domestic manufacturers from a surge in low-cost overseas supplies, particularly from China.As per a finance ministry notification, the safeguard duty will stand at 12% in…
GIFT City is also witnessing growing activity as an increasing number of fintech firms seek licences there to broaden their participation in cross-border financial transactions. (AI image) Looking to invest in US stocks? Leading Indian new-age brokerages, including Groww, Zerodha, Angel One and Upstox, are expanding into overseas equity investing after obtaining licences from the…
Around 80% of Qatar’s LNG exports are directed to Asia, but higher prices are forcing India to look for alternative supplies. (AI image) The US-Iran war has had far reaching implications beyond the immediate rise in global oil and gas prices. The Middle East conflict has led to hits on key energy infrastructure in Gulf…
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Check out the companies making headlines after the bell : Apple — Shares were up 2%. For the fiscal second quarter , Apple’s earnings came in at $2.01 per share, while revenue landed at $111.18 billion. This beat the earnings of $1.95 a share and $109.66 billion in revenue analysts were looking for, per LSEG….
NEW DELHI: Prime Minister Narendra Modi on Tuesday inaugurated a Rs 3,300 crore semiconductor plant by Kaynes Technology at Sanand GIDC in Ahmedabad, marking the second such facility in the country taking forward semiconductor manufacturing plans.The plant is part of the semiconductor mission and is expected to strengthen domestic chip production capacity. Speaking at the…
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MUMBAI: Kotak Bank’s statement that it is not in the race to acquire IDBI Bank would mean that the success of govt’s plan to sell IDBI Bank will depend upon the interest of foreign bidders. Kotak Bank, while never an official contender, was long seen as a potential acquirer given the bank’s high capital adequacy…
A lot happened in policy tied to crypto this year. Congress passed — and the president signed — the first major piece of crypto legislation in U.S. history this year. Federal regulators have dramatically scaled back their enforcement actions against crypto companies while announcing more rulemaking efforts aimed at bolstering the industry. Companies themselves have…
