Indian Oil Corporation Limited (IOCL) on Tuesday assured that supplies of petrol and diesel remain stable in the country despite ongoing supplies triggered by the Middle East conflict. Speaking at a press conference, Ashutosh Gupta, Executive Director and State Head, IOCL Punjab State Office, said the company currently holds sufficient reserves across Punjab, Himachal Pradesh,…
To receive repayments, importers in the US are required to submit claims which include shipment details, applicable tariff classifications. (AI image) The US government has rolled out a system to facilitate refunds of over $166 billion from tariffs introduced by Donald Trump and later invalidated by the US Supreme Court. In February, the court struck…
Gold price prediction today: Gold prices are likely to take cues from the US Federal Reserve stance on rate cuts in the near future, says Praveen Singh, Head Currencies and Commodities, Mirae Asset ShareKhan. Source link
The US government launched a portal Monday to refund more than $166 billion in revenue from tariffs imposed by President Donald Trump and struck down by the Supreme Court.In February, the conservative-majority high court ruled against a swath of Trump’s tariffs. The decision marked a stinging rebuke of his key economic policy and opened the…
US equity markets retreated slightly on Monday, trimming some of their recent record-setting gains, even as oil prices moved higher amid renewed tensions between the United States and Iran. The increase in crude prices was more restrained compared to earlier phases of the conflict. The S&P 500 declined 0.2% from its record high, shedding 16.92…
NEW DELHI: India is looking to renegotiate its free trade agreement with South Korea to address the widening trade deficit and make the pact more contemporary, commerce and industry minister Piyush Goyal said on Monday.“All options are on the table… we may even consider rewriting it into a completely new FTA because it should be…
New Delhi: Geopolitical tensions in West Asia pose risks to India’s trade and macroeconomic stability by widening the current account deficit (CAD), exerting pressure on the exchange rate, Niti Aayog said on Monday.The Aayog in its quarterly ‘Trade Watch Oct-Dec (Q3) FY 2025-26’ report further said that geopolitical instability in West Asia has slowed the…
CHENNAI: India’s carbon emissions have, for once, paused. In 2025, the country’s carbon dioxide output edged down, breaking a decades-long trend of steady increases. This is also the first time on record that emissions have fallen during normal economic conditions. Previous declines were seen only during exceptional disruptions, such as the 2020 pandemic and the…
MUMBAI: Public sector insurers led by GIC Re and New India Assurance have anchored the Bharat Maritime Insurance Pool with commitments exceeding the targeted $100 million, while a $1.5 billion sovereign backstop from the govt remains central to its capacity to underwrite large risks. The pool aims to enable sea trade with countries in the…
MUMBAI: RBI governor Sanjay Malhotra has indicated that capital account liberalisation cannot come at the cost of macroeconomic sovereignty. He said that while some regard this as conservatism, he sees it as prudence.Highlighting some of the prudent measures taken by RBI in the past, Malhotra said that there were controls on the capital account for…