India on Saturday said it has strongly opposed the China-led Investment Facilitation for Development (IFD) Agreement being incorporated into the World Trade Organisation (WTO) framework, flagging concerns over its systemic implications, PTI reported.The issue was raised at the ongoing 14th ministerial conference (MC14) of the WTO in Yaounde, Cameroon, where Commerce and Industry Minister Piyush…
Commercial operations at the Noida International Airport are expected to begin within 45 to 60 days, Civil Aviation Minister K Rammohan Naidu said on Saturday, indicating that the final preparatory steps are underway, reported PTI.The greenfield airport at Jewar in Uttar Pradesh was inaugurated earlier in the day by Prime Minister Narendra Modi, marking a…
“Energy can never be created, nor destroyed; it can only be changed from one form to another.”The first law of thermodynamics remains a quiet scientific truth despite a broken supply of crude oil due to the ongoing Middle East crisis. As geopolitical disruption tightens its grip around the Strait of Hormuz, that law reads less…
Russia has begun selling physical gold from its central bank reserves for the first time in 25 years, as the government seeks to plug a widening budget deficit driven by sustained military expenditure, according to a report by Berlin-based news outlet bne IntelliNews.Regulatory data show that between 2022 and 2025, Russia sold gold and foreign…
Hyderabad: India’s rubber industry has sought urgent govt intervention as global supply disruptions linked to the West Asia conflict have pushed up raw material and freight costs, threatening thousands of small manufacturers and exporters across the country.In a representation to the commerce ministry, the All-India Rubber Industries Association said SMEs are facing severe stress as…
The govt on Friday moved to cushion key industries from the ongoing gas supply disruption, boosting commercial LPG allocations by 20% to reach 70% of pre-crisis levels. The extra supply will prioritise labour-intensive sectors such as steel, automobiles, textiles, dyes, chemicals, and plastics, which are critical for broader economic activity.The move is aimed at stabilising…
Government head-hunter Public Enterprises Selection Board (PESB) has recommended Ashok Kumar Panda, Director (Finance) at Steel Authority of India Ltd (SAIL), for the post of Chairman and Managing Director (CMD) at the state-run steel major, PTI reported.Panda was among 10 shortlisted candidates interviewed for the top post at India’s largest public-sector steel-making entity.The position will…
The Central Board of Indirect Taxes and Customs (CBIC) on Friday conducted a hybrid outreach programme in the national capital to familiarise stakeholders with the Duty Deferment Scheme for Eligible Manufacturer Importers (EMI), a key trade facilitation measure announced in the Union Budget 2026-27.The session, organised in New Delhi, brought together senior officials and industry…
MUMBAI: For the first time in nearly 15 years, the RBI has placed curbs on the size of bets that banks can take in the currency markets, taking away powers, hitherto, vested with bank boards. The move comes at a time when the rupee is under pressure due to a combination of sales by foreign…
MUMBAI: The day the war in West Asia completed a month, Dalal Street witnessed one of its most brutal sell-offs since the conflict began on Feb 28. During Friday’s session, with sensex-heavyweight Reliance Industries tanking 4.6%, the index closed 1,690 points or 2.3% lower at 73,583 points.The crash in RIL’s stock price that came on…
