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Meloni meeting, IMEC, trade, FAO — what’s on his agenda?

NEW DELHI: Prime Minister Narendra Modi arrived in Rome on Tuesday for the final leg of his five-nation tour, where he is scheduled to meet Italian President Sergio Mattarella, hold bilateral talks with Prime Minister Giorgia Meloni, and participate in diplomatic engagements before departing for India on Wednesday.“Welcome to Rome, my friend!” Italian Prime Minister…

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Oil prices ease as investors await US-Iran talks; Brent crude falls to $72 per barrel

AI generated image, used only for representative purpose Oil prices continued to ease on Tuesday as markets tracked the outcome of potential US-Iran engagement in Doha, even as weekend missile exchanges signalled instability. This comes after the two sides reached an interim peace deal aimed at ending the four-month conflict.Around 7 am IST, WTI crude…

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Gold import quota licences under India-UAE pact get extended till June 30

The Centre has extended the validity of tariff rate quota (TRQ) licences issued for gold imports under the India-UAE free trade agreement, offering relief to importers facing supply disruptions amid the ongoing geopolitical crisis, reported PTI.India allows quota-based duty concessions on gold imports under the TRQ mechanism as part of the Comprehensive Economic Partnership Agreement…

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Stock market outlook: Fed rate call and FII flows set the tone; CPI, rupee in focus this week

Global cues are likely to take centre stage for Indian equities in the coming week, with investors bracing for the US Federal Reserve’s interest rate decision and closely tracking foreign institutional investor (FII) activity for direction, PTI reported.Analysts said domestic markets, which ended last week largely flat, are expected to react to a mix of…

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Rupee ends higher for second day, settles at 94.33 as trade deal hopes offset oil concerns

The rupee extended its gains for a second straight session on Friday, closing 7 paise higher at 94.33 against the US dollar as optimism around India-US trade negotiations supported sentiment, though a stronger dollar and lingering geopolitical uncertainties capped gains.The local currency opened at 94.30 against the greenback and traded in a range of 94.20-94.52…

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