Benchmark equity indices Sensex and Nifty ended lower on Tuesday as renewed geopolitical tensions around the Strait of Hormuz and a record-low rupee weighed on investor sentiment, PTI reported.In a volatile session, the 30-share BSE Sensex fell 251.61 points, or 0.33 per cent, to close at 77,017.79. During the day, it dropped as much as…
In a broad-based policy push spanning agriculture, infrastructure, manufacturing and financial support, the Union Cabinet on Tuesday cleared projects and schemes worth over Rs 1.52 lakh crore, signalling a strong focus on productivity, capacity expansion and strategic sectors.At the centre of the decisions is the Mission for Cotton Productivity – Kapas Kanti, with an outlay…
For India, these measures directly support long-term human capital development. (AI image) By Amarpal S. ChadhaIndia has consistently expanded its global trade partnerships with the objective of strengthening economic growth, generating employment, and enhancing its position in the global economy. Over the past few years, the country has signed nine Free Trade Agreements (FTAs) spanning…
The government has identified 40 sub-sectors, including rare earth magnets and printed circuit boards, for expedited clearance of foreign direct investment (FDI) proposals from countries sharing land borders with India, PTI reported.Under the revised framework, proposals from countries such as China, Pakistan, Bangladesh, Nepal, Bhutan, Myanmar and Afghanistan in these sectors will be processed within…
The Department for Promotion of Industry and Internal Trade (DPIIT) has issued an updated standard operating procedure (SOP) for processing foreign direct investment (FDI) proposals introducing a defined 12-week timeline and a fully paperless application system, PTI reported.Under the revised framework, decisions on FDI proposals will be taken within 12 weeks, excluding the time taken…
The OPEC member is offering reductions of up to $33.40 per barrel on its benchmark Basrah Medium grade. (AI image) With oil supplies via the Strait of Hormuz still disrupted, Iraq is now offering deep discounts to buyers for picking crude from the country. Iraq has rolled out steep price cuts for buyers with term…
The report points out that India has consistently demonstrated notable strength during periods of global volatility. (AI image) Amid the ongoing Middle East conflict, a recent report by Moody’s Ratings says that recent global shocks have shown India’s resilience among emerging economies to withstand pressures. The report credits the resilience to timely policy measures and…
Indian companies are strengthening their presence in the United States, pouring billions in investment, job creation and growing participation across key sectors, senior officials said at the SelectUSA Investment Summit in Maryland. At the CII India Reception held at National Harbour on Monday (local time), Brandon Remington, US Deputy Undersecretary (Policy and International Trade Administration)…
“In the previous session, Nifty 50 witnessed a recovery during the day but failed to sustain at higher levels, facing resistance around the 24,300 zone. This indicates continued supply pressure at elevated levels and suggests that the recent upmove was more of a pullback rather than a confirmed breakout.From a technical perspective, Nifty 50 continues…
Gold of 99.9% purity moved lower, declining by Rs 2,000, or 1.3%, to Rs 1,52,800 per 10 grams (inclusive of all taxes), compared to its previous close of Rs 1,54,800 per 10 grams, according to the All India Sarafa Association. Market participants noted that gold came under pressure in a relatively thin trading environment, as…