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Goyal said India can produce goods in areas where US manufacturers may not be competitive. India is looking to diversify its sources of crude oil, Commerce Minister Piyush Goyal has said. Goyal’s comments assume significance in light of the India-US trade deal joint statement which lowers tariffs on Indian exports to 18%. The Donald Trump…
How is gold taxed? (AI image) Gold is a safe haven asset globally – and it’s also the traditional go-to savings and investment bet in India. Gold prices have been rising unprecedentedly over the last 18 months and investors are rushing to buy the yellow metal amidst global economic and geopolitical uncertainty.Investment in gold can…
New Delhi, Markets regulator Sebi on Wednesday said it has formed a working group to undertake a review of the regulatory framework governing ESG Rating Providers (ERPs). The decision has been taken based on feedback received from market participants and stakeholders regarding the existing regulatory framework. The working group comprises representatives from issuers, investors/ ESG…
For millions of salaried professionals and self-employed Indians, financial concern is not just job loss or market volatility — it is securing a safety net in retirement.Unlike most government employees who are covered under pension schemes, most private sector workers today must build their own retirement fund. This has made the National Pension System (NPS),…
Market ended in green for the third straight session on Wednesday, with benchmark equity indices rising on the back of last-hour buying in banking, metal and FMCG stocks.The 30-share BSE Sensex jumped 283.29 points, or 0.34 per cent, to settle at 83,734.25 in a volatile trade. The 50-share NSE Nifty gained 93.95 points, or 0.37…
NEW DELHI: India “doesn’t engage as a meek country,” Union commerce minister Piyush Goyal said on Wednesday asserting that “trust and negotiation from a position of strength,” have defined the country’s recent trade successes.Speaking at the Global Economic Cooperation Summit in Mumbai, Goyal said India’s approach to economic diplomacy is rooted in engagement, confidence and…
Gold price today: Gold prices surged on Wednesday, rising Rs 1,297 to Rs 1,52,715 per 10 grams in futures trade, driven by firm spot demand and fresh buying by speculators.On the Multi Commodity Exchange (MCX), gold contracts for April delivery climbed Rs 1,297, or 0.86%, to Rs 1,52,715 per 10 grams, with a business turnover…
A senior executive of NVIDIA said on Wednesday India needs to significantly scale up its investment in Artificial Intelligence (AI) infrastructure from the current $1.2 billion to align with global levels, describing the Union Budget’s 20-year tax holiday for foreign companies as a major opportunity to build foundational AI capacity. Speaking at the AI Impact…
Cigarette stocks lit up Dalal Street on Wednesday after reports that manufacturers had raised prices to counter higher tax outgo. Shares of ITC Ltd, Godfrey Phillips India Ltd and VST Industries Ltd climbed by as much as 15%, following media reports that companies have implemented price hikes to pass on the impact of the recent…
Oman’s New Tiered Expat Work Permit Fees: Incentives for Omanisation Compliance The Sultanate of Oman is shaking up how companies hire foreign workers by introducing a tiered fee structure for expatriate work permits that directly ties costs to compliance with national employment targets known as Omanisation. The move, announced this week by the Ministry of…
