The commerce ministry’s investigation arm has recommended a three-year safeguard duty on imports of certain flat steel products, citing a sudden surge in shipments that threatened serious injury to domestic producers, PTI reported.In its final findings, the Directorate General of Trade Remedies (DGTR) said it observed “a recent, sudden, sharp and significant increase in imports…
The steep tariffs imposed on Indian exports to the US have triggered sharp debate among staffing specialists, with some flagging the risk of immediate job losses and others suggesting that India’s domestic demand and trade diversification could soften the blow.“The recent imposition of additional US tariffs is expected to have a direct and substantial impact…
India’s current account deficit (CAD) is projected to nearly double in the next fiscal, touching 1.2 per cent of GDP in FY26 compared with 0.6 per cent in FY25, Union Bank of India said in a report.The bank cautioned that evolving trade dynamics, global commodity prices, and geopolitical developments could add further pressure. “We see…
Gold prices are expected to witness a phase of consolidation in the coming week as investors focus on fresh global economic data, commentary from central bankers and evolving geopolitical developments, according to analysts.Traders will keep a close watch on US housing numbers, consumer price data from the UK and Eurozone, and provisional PMI releases from…
Air Canada will restart flights on Sunday evening after the Canadian government intervened to end a strike by its 10,000 flight attendants that left more than 100,000 travellers stranded during the peak summer season.The airline, Canada’s largest, said it will take several days before operations return to normal and warned that some flights would remain…
Foreign portfolio investors offloaded Indian equity holdings by approximately Rs 21,000 crore in early August 2025, driven by US-India trade disputes, muted Q1 corporate results, and rupee depreciation.The total FPI equity outflows reached Rs 1.16 lakh crore in 2025, as per depository records. Meanwhile, depository data also show that FPIs withdrew Rs 20,975 crore from…
Markets regulator Sebi has reported a sharp rise in settlement pleas, receiving 703 applications in 2024-25 to resolve alleged violations of securities laws without prolonged litigation. This marked a steep increase from 434 applications filed in 2023-24.According to Sebi’s 2024-25 annual report, 284 of these pleas were settled through appropriate orders, while 272 applications were…
Ethanol-blended petrol worries consumers (AI-image) The nationwide rollout of 20 per cent ethanol-blended petrol (E20) has triggered a wave of questions and concerns from vehicle owners, with many claiming declining fuel efficiency, sluggish performance and higher maintenance costs. Service centres say non-E20-compliant vehicles — which still account for a majority on Indian roads — are…
PM Modi inaugurates Dwarka Expressway’s Delhi section and UER-II projects Prime Minister Narendra Modi on Sunday inaugurated two major highway projects worth nearly Rs 11,000 crore in Delhi-NCR. The 10.1-km Delhi section of the Dwarka Expressway and the Alipur–Dichaon Kalan stretch of Urban Extension Road-II (UER-II) were given the greenlight on August 17 afternoon in…
Representative (AI-image) IndianOil’s Panipat refinery has received international certification to convert used cooking oil from homes and restaurants into sustainable aviation fuel (SAF), company chairman Arvinder Singh Sahney said. The refinery has obtained the ICAO’s ISCC CORSIA certification, developed under the Carbon Offsetting and Reduction Scheme for International Aviation, to produce SAF from used cooking…
