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India-US trade deal: The newly announced trade agreement between India and the United States is expected to strengthen the ‘Make in India’ initiative by creating new opportunities for new youth and businesses. In a joint statement issued on Saturday, the two nations revealed the details of the pact, which will cut tariffs on Indian goods…
NEW DELHI: India will eliminate or reduce tariffs on a wide range of US food and agricultural products, a move that is expected to make several American imports cheaper for Indian consumers, according to a joint statement released by India and the United States on Saturday announcing the framework for an interim trade agreement.Products that…
India and the United States released a joint statement on Saturday, announcing the framework for an interim trade agreement. Under the newly announced trade pact, tariffs on Indian goods will drop from 50% to 18%. “The US and India are pleased to announce that they have reached a framework for an Interim Agreement regarding reciprocal…
Mumbai: The board of the National Stock Exchange (NSE), the biggest stock exchange in India in terms of turnover and number of trades, on Friday gave its nod for the exchange to go for its long-awaited public offering. The NSE IPO will be an offer-for-sale. Currently, LIC, with a 10% stake in the bourse, is…
NEW DELHI: Govt has received financial bids for the strategic disinvestment of IDBI Bank, signalling progress in the stake sale process of the lender.“They will be evaluated as per the prescribed procedure,” secretary, department of investment and public asset management (Dipam), said on microblogging site X while announcing that bids have been received. He did…
MUMBAI: The RBI is proposing to compensate customers for losses arising from small-value digital frauds, with payouts of up to Rs 25,000, as part of a broader overhaul of consumer protection rules amid rising risks from mis-selling, cyber fraud and aggressive loan recovery practices. The e-fraud compensation will be for 85% of the loss amount…
MUMBAI: RBI on Friday raised India’s GDP growth rate projections for the current fiscal to 7.4% from 7.3% earlier, while the central bank’s monetary policy committee (MPC) left the repo rate unchanged at 5.25%. The MPC also decided to continue with its neutral stance, a release from RBI said.RBI governor Sanjay Malhotra said that the…
MUMBAI: Amid steep rise in gold prices, Indian consumers are going for exchanges-swapping old gold for new and are also advancing their purchases of wedding jewellery to avoid bearing the brunt of even higher rates given gold’s glittering rally amid geopolitical tensions. “Right now, people are concerned about rates spiralling even more although there has…
MUMBAI: Banks will soon price deposit insurance by risk, while depositor protection stays unchanged. From April 1, 2026, RBI will adopt risk-based pricing for deposit insurance, a global norm, without altering coverage or payouts. Until now, all banks paid a flat premium of 12 paise per Rs 100 of deposits, regardless of financial strength. The…
File photo: Traders work on the floor of the New York Stock Exchange (Picture credit: AP) US stock markets moved higher on Friday, clawing back part of the heavy losses seen earlier in the week, as technology shares recovered and bitcoin halted its recent slide. The rebound came after several volatile sessions driven by worries…
