“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…
MUMBAI: Tata Motors’ €3.91 billion (Rs 42,561 crore) acquisition of Italian commercial vehicle maker Iveco has cleared the key acceptance threshold, paving the way for the Indian group to take full ownership of the company and delist the stock from Euronext Milan.The offer secured acceptances representing 87.8% of Iveco’s shares by the close of the…
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
Indian equities are likely to start Tuesday’s session on a weak note, with high crude oil prices and uncertainty over the US Federal Reserve’s policy outlook keeping investors cautious. GIFT Nifty pointed to a lower opening for the Nifty 50 after the Sensex and Nifty gained 0.7% each on Monday, ending a four-session losing streak….
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…
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…
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…
File photo: Prime Minister Narendra Modi NEW DELHI: Having focused on providing access to banking to everyone over the last 10 years, Prime Minister Narendra Modi has said that coming decade will focus on making it more efficient and dependable, for which cybersecurity must play a critical role.“If we are to keep the banking system…
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…
Govt has energy and fertiliser stocks ready, but higher oil and freight costs will strain the rupee, deficits and foreign investment. NEW DELHI: As war clouds gather over West Asia once again, govt seems better prepared with energy and fertiliser stocks, but higher oil prices will hurt the currency and deficit levels, apart from foreign…
