Fox to Acquire Roku, Joining the Battle for the Living Room
The $22 billion deal will bolster Fox Corp.’s efforts to reach consumers on streaming platforms. Source link
business
Read More
India, UK work to resolve issues holding up trade pact implementation, says official
India and the UK are working to resolve outstanding issues that have delayed the implementation of their free trade agreement, with both sides holding discussions to operationalise the pact signed in July last year, PTI reported.Commerce Secretary Rajesh Agrawal said an Indian team is already in London to take forward the discussions and ensure that…
Deal to Reopen Hormuz Kicks Off Long Effort to Ease Energy Crisis
The pace of the recovery will depend on how confident companies are that the deal between the United States and Iran will hold and be extended. Source link
India’s exports rise 18% in May; trade deficit at $28.2 billion
India’s merchandise exports rose 18% year-on-year to $45.2 billion in May, the highest monthly growth in six months, even as the trade deficit widened to $28.21 billion due to higher imports of petroleum products amid a surge in crude oil prices.The trade gap, however, narrowed marginally from $28.38 billion in April. It stood at $21.88…
Shipping Firms, Awaiting Details, Are Cautious of U.S.-Iran Deal
Shipowners welcomed the agreement to reopen the Strait of Hormuz, but said they would need more security guarantees before resuming transits. Source link
Rupee rallies to five-week high on crude oil plunge; RBI measures add to momentum
The rupee rose against the US dollar for a second straight session on Monday, helped by a sharp decline in crude oil prices after a preliminary US-Iran agreement to end the conflict and reopen the Strait of Hormuz, Reuters reported.The currency also extended gains seen after the Reserve Bank of India’s June 5 measures to…
China Moves the Price of Oil, Even When It Buys Less
China is the world’s largest purchaser of oil. But three months after the war with Iran began, it cut its imports, cushioning the global market. Source link
Arvind Panagariya seeks for dedicated privatisation ministry; says govt should revive PSU, bank disinvestment
Former Niti Aayog vice chairman Arvind Panagariya has called for reviving the government’s privatisation agenda for public sector undertakings (PSUs) and public sector banks (PSBs), arguing that disinvestment remains a key pillar of India’s economic reforms.In an interview with PTI, Panagariya also advocated the creation of an independent privatisation ministry to accelerate the government’s disinvestment…
‘First step, not end of the story’: FM Sitharaman hints at more measures to attract foreign capital inflows
Sitharaman said the new measures were a beginning of a broader strategy to draw international capital back into India. Terming the recent measures to attract foreign capital as the “first step”, Finance minister Nirmala Sitharaman on Monday said that India is preparing for exigencies in wake of the ongoing geopolitical crisis and US-Iran conflict.Sitharaman described…
Skilled blue-collar talent in demand amid AI surge
NEW DELHI: Most of the conversation around AI has been about the jobs it could disrupt. What the technology has also triggered, far less visibly, is an unprecedented surge in demand for certain skilled human talent. An analysis by talent firm Randstad of over 50 million job postings, shared exclusively with TOI, shows the demand…