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US treasury secretary Scott Bessent criticised China’s decision to tighten control of rare earth exports, calling it a “mistake” that cautioned everyone.Reflecting on China’s decision to introduce new export restrictions in October, Bessent said the move had revealed Beijing’s willingness to weaponise rare earths, a group of minerals that are vital to defence systems, electric…
Global Trade Research Initiative (GTRI) has proposed a three-step strategy to safeguard India’s trade interests as discussions with the United States have stepped into the “advanced stage.” The agency has suggested measures like scaling back Russian oil imports, seeking trade parity and resuming talks on fair terms.Here’s what GTRI’s 3 step plan says: 1. Halting…
Even as Moscow’s crude dominates headlines, it’s not the only Russian oil flowing into India. Russia has now surpassed Ukraine to become India’s biggest supplier of sunflower oil, with shipments soaring twelvefold over the past four years, according to industry data cited by ET.“Russia is the largest and most reliable source of sunflower oil in…
Apple’s operations in India stood out once again for the US tech and electronics major which set an all-time revenue record in the country just as it clocked an 8% growth in global revenues — at $102.5 billion, led by “a tremendous response” to the new iPhone17 series and the previous-gen iPhone16.Tim Cook, the global…
MUMBAI: Markets regulator Sebi will not ban weekly derivatives contracts that have emerged as one of the most traded contracts in the country but will bring in changes to the futures & options (F&O) segment in a calibrated manner, Sebi chairman Tuhin Kanta Pandey reiterated his stand on the issue on Friday.Over the last few…
MUMBAI: The Rs 7,278-crore IPO of Lenskart Solutions, the tech-driven eyewear company, was fully subscribed on day 1 with institutional and retail investors taking the lead. According to data from BSE, the institutional part was subscribed 1.4 times while the retail part was subscribed 1.3 times. Data also showed that the employee portion was also…
MUMBAI: Markets regulator Sebi is investigating the four-and-half-hour trading disruption on MCX, the biggest commodities derivatives exchange in India, on October 28 that delayed the start of operations. If it finds faults with the exchange’s systems, MCX could face a monetary penalty.“Sebi has started an investigation into the same (trading halt on MCX),” a source…
TOKYO: After being on the fringes for years, Japan’s Honda is charting an aggressive comeback with the launch of as many as ten new cars, including seven SUVs.Honda Motor Co president and CEO Toshihiro Mibe is pivoting the automaker’s global strategy towards India, announcing a dedicated project team, a renewed EV and hybrid plan, and…
Bank of Baroda Bank of Baroda MUMBAI: Public sector banking major Bank of Baroda on Friday said that its net profit for the quarter ended Sept 30 was Rs 4,809 crore, down 8% from Rs 5,239 crore reported during the same period of the previous fiscal. The slide in profits was due to lower income…
Months after US President Donald Trump settled a $16 million lawsuit with CBS News, he is set to return to “60 Minutes” this Sunday, marking his first appearance on the programme since the dispute.CBS confirmed that Norah O’Donnell conducted the interview at Mar-a-Lago on Friday. The network has, however, not disclosed how this week’s interview…
