NEW DELHI: Commerce and industry minister Piyush Goyal and his counterpart US Trade Representative Jamieson Greer spent the last two days reviewing the progress of the trade deal with market access, digital trade, supply chain resilience, reduction of non-tariff barriers and expanded cooperation in strategic sectors being on the table.While the initial tranche of the…
MUMBAI: Amazon chief Andy Jassy is stepping up the company’s quick commerce push in India, having lost a lot of ground to local competitors Blinkit, Swiggy Instamart and Zepto and amid an aggressive ramp up of Minutes by e-commerce rival Flipkart.Jassy, who is on his first visit to India since assuming the CEO’s office in…
MUMBAI: Reserve Bank of India has rebuffed calls to raise the asset threshold for upper-layer NBFCs to Rs 2.5 lakh crore, sticking to Rs 1 lakh crore threshold—a decision that keeps Tata Sons, the holding company of India’s largest conglomerate, firmly within its supervisory bracket and subject to listing requirements.Industry stakeholders had argued that the…
RBI Governor says rate hike talk ‘premature’ as crude prices, monsoon remain uncertain NEW DELHI: Reserve Bank of India Governor Sanjay Malhotra has pushed back against expectations of an imminent interest rate hike, saying it is “premature” to discuss tightening given the fragile truce between the US and Iran and the uncertainty it creates for…
NEW DELHI: Crude oil prices fell below the $75-per-barrel mark on Wednesday as the Strait of Hormuz reopened but are yet to return to the pre-conflict levels of $65-70 a barrel.While Brent crude traded at nearly $73.4 per barrel at the time of filing this report, the Indian oil basket — a blend of sweet-grade…
Gold remains vulnerable to testing the key $4,000/oz support level and may even slide further. (AI image) Gold price prediction today: Gold prices are facing upward resistance and US Federal Reserve’s policy will continue to determine prices in the near-term, says Vedika Narvekar, Research Analyst – Commodities & Currencies, Anand Rathi Shares and Stock Brokers.Gold…
NEW DELHI/MUMBAI: An Air India aircraft inadvertently took a wrong turn while taxiing after landing at Ahmedabad airport on Wednesday evening, bringing it onto the same taxiway as an IndiGo plane preparing for departure.The Mumbai-bound IndiGo flight was taxiing for take-off when the Air India aircraft, which had just landed from Mumbai, entered the wrong…
Gautam Adani said land has already been identified for the proposed nuclear venture, Adani Atomic Energy. At the Adani group’s annual general meeting (AGM), chairman Gautam Adani said that there are plans to develop 10 gigawatts (GW) of nuclear power capacity by 2035. He signalled the conglomerate’s entry into the nuclear energy sector as it…
Airlines turn to AI to save fuel; IndiGo to start trials for thriftier take-offs NEW DELHI: After doing everything humanely possible to cut fuel burn, Indian airlines have turned to artificial intelligence (AI) to help save the prohibitively expensive black gold. IndiGo has asked its pilots to save fuel during the time when the aircraft…
India is turning to its overseas community to boost its foreign currency inflows, with banks expected to offer substantial leverage on special foreign-currency deposits. This comes after the Reserve Bank of India (RBI) cleared lenders to extend loans against such deposits.Earlier on Tuesday, the apex bank said that lenders can extend loans to overseas residents…
