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India-US WTO trade disputes resolved: Official
In 2019, India increased customs duties on 28 US products, including chickpeas, lentils, and apples, in response to US steel and aluminium tariffs.
In 5 years, there will be 10 times as many new businesses: Rajeev Chandrasekhar
Rajeev Chandrasekhar says that the number of new businesses will rise tenfold in the next five years. He also talked about how the country has made progress in building unicorns and start-ups and how they have done well in new technology…
India remains regional chipmaking hub after Foxconn loss.
India still dominates regional chipmaking after Foxconn loss. The fuss was pointless. Foxconn terminated the partnership. The project was delayed, but the breakup was unexpected.
Haworth to open Chennai plant.
Haworth to open Chennai factory. Figge told this publication that the new facility will be operating in three years, subject regulatory permits.
China’s Q2 growth is “artificially high”: Survey
Survey predicts "artificially high" Q2 growth for China. The administration targets 5.0 percent growth through 2023.
Russia’s oil exports reached their lowest level since March 2021
Profit falls to $1.5 billion as Russia's oil exports decline to their lowest level since March 2021, according to the monthly oil report of the International Energy Agency (IEA).
The stock market rises sharply, led by heavy purchasing of IT shares.
The equity market enjoys a strong rally, propelled by heavy purchasing of IT stocks. The 30share index reached a new peak of 66,160 on Friday and gained 502 points to close at 66,061
In IT enterprises, hiring will remain subdued; the emphasis will be on upskilling talent.
Focus on upskilling talents rather than hiring in IT companies. According to analysts, this suggests that IT companies confront a challenging demand environment.
India and UK negotiating IPRs, rules of origin under proposed FTA.
India and UK negotiating FTA IPR and rules of origin problems. UK agreement discussions are in their 11th round. Trade negotiations began in January 2021.
Retail investors show a lot of interest in the Utkarsh IPO.
The quota allotted for non-institutional investors (NIIs) was filled 27.72 times. 8.48% of the portion for employees was subscribed, while 3.88 times as many qualified institutional buyers were subscribed.
Market reaches 66K, giving up early gains as it does so.
Nifty reached an all-time peak of 19,567 in the first half but closed merely 30 points higher at 19,413.
Rice crops are in danger from El Nino, and the Ukraine crisis is already squeezing grain supply.
This year’s El Nino may amplify other woes for rice-producing countries, such as reduced availability of fertilizer due to the war and some countries’ export restrictions on rice.
TCS net profit up 17 per cent, beats estimates
Net profit at Rs 11,074 crore as against analysts’ prediction of about Rs 10,890 crore; sequentially profit down 2.8%.
HCL’s Q1 net profit rises by 7 percent to Rs 3,534 crore, revenue at Rs 26,296 crore
On a quarter-on-quarter basis, the net profit fell 11 per cent, when compared to Rs 3,983 crore earnings in January-March.
‘Vedanta will foray into chip making this year’
Its ambitious project to venture into semiconductor manufacturing faced a setback as Taiwanese electronics giant Foxconn pulled out from a joint venture with Vedanta Ltd.
Utility vehicles expected to see price increase after 2 per cent rise in cess
Some of the models which may see a price hike include Maruti Suzuki’s recently launched Invicto and Toyota’s Innova Crysta and Hycross Petrol.
GST Council Meet 2023: Utility vehicles to attract 22 per cent cess
NEW DELHI: The GST Council in its 50th meeting on Tuesday decided to do away with the differential rate of compensation cess on utility vehicles, and bring all such vehicles under the 22% rate. This necessarily means that multi-utility…
Never trust manufactured headlines: Cong after Foxconn withdraws from Vedanta joint venture
In a statement, Foxconn, the world's largest contract electronics maker, said it "has determined it will not move forward on the joint venture with Vedanta.
British carrier Virgin Atlantic says goodbye to Pak skies
The British airline began its operations at Islamabad Airport in December 2020 with seven weekly flights.
Adani row: SEBI disagrees with expert panel, says will take action if any violation found
SEBI indicated it does not agree with the expert committee's views and action will be taken if any violation is found/established.