Trump said that the US will always focus on having zero tariffs on its products. (AI image) US President Donald Trump on Wednesday said that he is willing to lower tariff rates for countries that will open their markets to America. Trump’s comments come at a time when countries are fast-tracking trade deal negotiations with…
BENGALURU: The Enforcement Directorate has filed a formal complaint against Myntra Designs Pvt Ltd and its related entities for allegedly violating India’s foreign direct investment (FDI) norms under the guise of wholesale operations.The complaint, filed under Section 16(3) of the Foreign Exchange Management Act (Fema), 1999, alleged contraventions to the tune of Rs 1,654.35 crore…
NEW DELHI: The Enforcement Directorate (ED) has filed a complaint under the Foreign Exchange Management Act (Fema), 1999 against Myntra Designs Private Limited (Myntra), its related entities, and directors for alleged FDI violations worth Rs 1,654.35 crore, the agency announced Wednesday.The action was initiated by the ED’s Bengaluru Zonal Office based on credible inputs that…
This is an Ai-generated image, used for representational purposes only. The Indian Railways has issued a new circular revising its emergency quota (EQ) guidelines, requiring all requests to be submitted at least a day before travel.The move, aimed at ensuring timely chart preparation and avoiding operational delays, follows recent changes in reservation chart timings and…
GTRI emphasised that the US-Indonesia agreement should serve as a cautionary example for India. (AI image) India-US trade deal: America’s trade agreement with Indonesia is ‘one-sided’ and India should look to avoid falling into the same trap, the Global Trade Research Initiative (GTRI) has warned. Even as the two countries continue discussions amid US President…
Shipbrokers, vessel operators have become hesitant to engage with Nayara this week. (AI image) European Union’s latest round of sanctions on Russian oil have already begun to hit a refinery in India. Oil companies and vessel operators are distancing themselves from India’s Nayara Energy Ltd., following the European Union’s recent sanctions that specifically targeted the…
The 28% year-on-year operational revenue growth was attributed to increased subscription-based merchants. Paytm share price today: One 97 Communications, Paytm’s parent firm, saw its stock price increase by 3.5% on Wednesday, reaching a new 52-week peak of Rs 1,090 on BSE. The share price rise comes on the back of the company achieving a significant…
Due to Pakistan’s poor credit rating at junk level, the nation remains excluded from global capital markets. (AI image) Pakistan’s economy is deeply troubled, and its drowning in debt – its dependency on external support increasing every year. Pakistan got a record $26.7 billion in foreign loans in the previous fiscal year – a fact…
The issue came to light after it was reported that vendors in Bengaluru are increasingly declining UPI as a payment mode, asking customers to pay in cash instead. (AI image) Bengaluru GST row: Small scale traders and merchants in Karnataka have expressed grave apprehension following the receipt of GST notifications from the commercial tax authorities…
Representative image (TOI) Asian markets surged on Wednesday, led by the rally in Japanese shares, after US President Donald Trump announced a trade deal with Japan that eased tariffs and boosted investor sentiments.Japan’s Nikkei surged 2.6% on Wednesday, driven by a rally in automaker stocks after news that the auto tariff would be cut to…
