File photo: Cargo ship (representative image) NEW DELHI: Government has extended the facility to provide up to 95% risk coverage for shipments under Resilience & Logistics Intervention for Export Facilitation or relief until March 2027. The extension has been given in view of continued geopolitical disruptions in West Asia and impact on maritime logistics across … Read more
“This Trade Facilitation Portal is a landmark initiative,” said Piyush Goyal The India-US Trade Facilitation Portal has attracted around 3,500 registrations within months of its launch, commerce and industry minister Piyush Goyal said, highlighting its role in helping Indian exporters, particularly MSMEs and first-time exporters, connect with American buyers.In a post on X, Goyal described … Read more
NEW DELHI: Having received disclosures from 1,100 taxpayers with undisclosed overseas income and assets, the I-T department has nudged select taxpayers with investments in residential and commercial property in the UAE to come clean. The move offers one-time opportunity to disclose foreign assets and income. Source link
Domestic equity benchmarks traded lower in early deals on Tuesday as elevated oil prices and caution ahead of the US Federal Reserve’s policy announcement weighed on sentiment. The Sensex dropped 281.95 points to 73,316.21, while the Nifty slipped 63.15 points to 22,694.60. Brent crude remained near a six-month high following attacks on Saudi Arabia, renewing … Read more
Brent crude fell 0.57% to $115.15 a barrel, while WTI slipped 0.43% to $101.32 Oil prices edged lower on Tuesday as fresh diplomatic efforts to ease the US-Israeli war on Iran raised hopes of reduced supply disruptions, although continued attacks on Saudi Arabia kept the global benchmark Brent crude near six-month highs.Brent crude futures fell … Read more
Meta Platforms Inc is seeking to raise as much as $95 billion from selling common and preferred stock, supporting its development in AI with one of the largest equity offerings in history. The company is offering about $35 billion of common and preferred stock, according to a statement Monday. It also plans to raise as … Read more
MUMBAI: Tata Motors’3.9 billion (Rs 42,561 crore) acquisition of Italian commercial vehicle maker Iveco has cleared a key acceptance threshold, paving the way for the Indian group to take full ownership of the company and delist it within months. The offer secured acceptances representing 87.8% of Iveco’s shares by the close of the tender period … Read more
BENGALURU: Blackstone has launched a global capability centre (GCC) in Bengaluru, its first outside the US, underscoring India’s growing importance to the investment firm’s global operations. The move comes as the firm looks to double its India investments to $100 billion over the next five years from about $51 billion to date.Blackstone vice-chairman and CFO … Read more
File photo: Commerce and industry minister Piyush Goyal HAGUE: Highlighting the growing regulatory burden in Europe, commerce and industry minister Piyush Goyal Monday said businesses wanted greater freedom, simpler procedures and less paperwork, while urging Dutch companies to deepen their engagement with India and tap opportunities in its expanding economy.Goyal said he had repeatedly raised … Read more
Geopolitical tensions and soaring crude prices are fuelling market volatility, weakening the rupee and driving foreign investors away from Indian stocks. MUMBAI: Rising geopolitical risks, elevated crude oil prices, a weakening rupee and unabated foreign fund selling have combined to force Dalal Street investors on the back foot. As a result, markets are bracing for … Read more