Commerce and Industry Minister Piyush Goyal has said there are "limitless opportunities" for US investors and companies to grow in and with India across sectors and this is the "right time" for them to increase their engagement with the country. “India and US relations have been at an all-time high. In addition to strong bilateral [...]
The crucial India-US Trade Policy Forum meeting here is unlikely to make much progress, given the sharp differences, but would hopefully ignite trade talks between the world's two largest democracies, according to eminent trade experts. Minister of Commerce and Industry Piyush Goyal, who is in the US on an official visit, held a series of [...]
Prime Minister Narendra Modi will virtually inaugurate the 7th edition of 'Invest Madhya Pradesh-Global Investors Summit', a flagship event of the state government, in Indore on Wednesday. The theme of the two-day summit is 'Madhya Pradesh-The Future Ready State', an official said. After the inaugural address by Modi, Guyana President Dr Mohamed Irfaan Ali and [...]
Equity benchmarks declined in initial trade on Wednesday amid unabated foreign fund outflows and a weak trend in index heavyweight Reliance Industries. Continuing its previous day decline, the 30-share BSE Sensex fell 309.7 points to 59,805.78 in initial trade. The broader NSE Nifty dipped 89.8 points to 17,824.35. From the Sensex pack, Bharti Airtel, Mahindra [...]
Shares of Tata Motors jumped 6 per cent on Tuesday after the company-owned Jaguar Land Rover reported a 15 per cent increase in wholesales to 79,591 units for the third quarter ended December 2022. The stock rallied 6.07 per cent to settle at Rs 413.05 apiece on the BSE. During the day, it climbed 7.26 [...]
Steel prices increased by 5 per cent to hit a three-month high of Rs 56,900 per tonne in January, according to SteelMint. In its latest report, the research firm attributed the rise to "export duty removal and rise in raw material prices". According to SteelMint data, the price of per tonne hot rolled coil (HRC) [...]
India has extended anti-dumping duty on imports of certain jute products from Nepal and Bangladesh for five years, a move aimed at protecting domestic players from cheap inbound shipments. These duties were imposed following recommendations of the commerce ministry's investigation arm Directorate General of Trade Remedies (DGTR). The DGTR, in its probe in September last [...]
The forthcoming budget is likely to meet the targeted 6.4 per cent fiscal deficit and pencil in for a 50 bps reduction in the same for the next fiscal, according to a foreign brokerage report. The Modi government will present its last full budget on February 1 as the budget 2024 will be a vote [...]
Equity benchmarks Sensex and Nifty ended 1 per cent lower on Tuesday, dragged down by Reliance Industries and banking stocks along with a weak trend in European markets. Unabated foreign fund outflows also negatively impacted the domestic equity market. The 30-share BSE Sensex tanked 631.83 points or 1.04 per cent to settle at 60,115.48. During [...]
Data adoption and tariff hike-led revenue growth as well as 5G rollouts are key monitorables for 2023 which will also be a decisive year for Vodafone Idea as a viable third player, according to a report. The telecom sector's Average Revenue Per User (ARPU) when adjusted for inflation is still 17 per cent below pre-Reliance [...]
