NEW DELHI: Centre on Monday firmly rejected reports claiming that India was delaying an interim trade agreement with the United States, calling them “completely false, baseless and misleading” and asserting that negotiations between the two countries remain on track.The clarification came after a Reuters report claimed that India was unwilling to rush into a trade…
India’s merchandise imports surged 31% year-on-year to $70.84 billion India’s merchandise imports surged 31% year-on-year to $70.84 billion in June. Merchandise exports rose 15.5% to $40.41 billion during the month, while imports climbed sharply, driven by higher purchases of crude oil, electronics, machinery and precious metals, commerce secretary Rajesh Agarwal said during a press briefing…
SC asks Centre to place rules before it within 2 weeks NEW DELHI: The Supreme Court on Monday directed the Centre to place before it, within two weeks, the rules framed under the Bharatiya Vayuyan Adhiniyam, 2024, while hearing a plea seeking regulatory guidelines to curb the “unpredictable fluctuations” in airfares and ancillary charges imposed…
The Supreme Court allowed the appeal, set aside the judgments of the Delhi High Court and the Additional Rent Controller, and restored the eviction order passed by the Additional Rent Control Tribunal. (AI image) The Supreme Court has held that tenancy rights transferred from one bank to another under a scheme of amalgamation framed under…
NSE’s benchmark to define real estate sector performance The Nifty Realty Index is a sectoral stock market index of the National Stock Exchange (NSE) that is benchmark of the performance of country’s listed real estate companies. It is designed to reflect the movement of companies primarily engaged in the construction and development of residential and…
Oil prices soared sharply on Monday as the Middle East was once again embroiled in chaos. Crude prices jumped 4% as fresh military action between Iran and the United States fuelled concerns over the security of the Strait of Hormuz, a key global energy route.As of 7:30 am, Brent crude was up 4.28% at $79.26…
NEW DELHI: The domestic pharmaceutical retail market is showing its strongest signs yet of a shift from price-led to demand-led growth. Volume growth crossed 3% in June, the first time in 24 months after hovering at around 1-2% during the first five months of the year.Encouraged by the strong trend during Jan to June, the…
MUMBAI: Foreign investors who rediscovered their appetite for Indian debt in June have now widened their interest to equities as well in July. After months of persistent selling, foreign portfolio investors (FPIs) have turned net buyers in July, investing $2.59 billion (Rs 24,662 crore) in the first 10 days of the month.The reversal, triggered by…
E20 sparks concerns among riders The Centre’s push for mandatory 20% ethanol-blended petrol, or E20, has triggered a political row, with Opposition leaders citing a 2021 NITI Aayog report to question the nationwide rollout. They argue that the Centre departed from the phased transition and safeguards proposed in the report before making E20 the standard…
Namo Bharat trains are completing a journey between Delhi and Meerut in just under an hour, with maximum operational speeds of 160 kmph. A train travelling at 160 kmph is speeding up the transformation of cities around Delhi-NCR, and helping decongest the national capital, one semi-high speed journey at a time. The Regional Rapid Transit…