Business

India-EU FTA to open nearly entire European market for Indian exports by 2027: Goyal India and the European Union are set to sign their long-awaited free trade agreement (FTA) by December this year, with the pact likely to come into force between February and March 2027, commerce and industry minister Piyush Goyal said on Sunday.Addressing…

3 Indian-flagged oil tankers cross Strait of Hormuz NEW DELHI: Three Indian-flagged crude oil tankers carrying more than 8.6 lakh metric tonnes of cargo and 94 Indian crew members successfully transited the Strait of Hormuz on Saturday and are now sailing towards India, Union ports, shipping and waterways minister Sarbananda Sonowal said.The development comes days…

NSE highlights key risks for India’s 2026 economy India’s macroeconomic outlook for 2026 will largely depend on monsoon performance, while the country’s equity investor base continues to expand beyond traditional markets and become younger and more diverse, the National Stock Exchange (NSE) said in its latest report.The exchange, however, highlighted that despite the rapid growth…

India is among the world’s largest economies, with its GDP nearly doubling in the last 10 years. Yet, when it comes to the strength of its passport, it doesn’t rank even among the top 50. Neither does China for that matter. The United States of America – the world’s largest economy – also sits at…

Representational image, used only for representational purpose India’s high-speed rail ambitions received a new push as the Centre has approved seven bullet train corridors across the country, promising shorter travel times between major cities and stronger rail connectivity. The seven high speed rail corridors are: Mumbai to Ahmedabad will take 1 hour 57 minutes. Mumbai…

China’s domestic economy continues to face significant headwinds despite robust export growth, with consumer spending, property activity and credit demand remaining weak, according to a recent market strategy report by Jefferies.The report said there is “a continuing lack of any evidence of a pickup in domestic demand”, underscoring persistent challenges in the world’s second-largest economy…

20 million barrels leave Iran port after peace breakthrough After months of disruption, oil exports from Iran finally picked up after Tehran and Washington reached a peace deal. According to shipping data cited by Bloomberg a wave of 11 tankers carrying 20 million barrels of crude left the Gulf of Oman port. The vessels had…

Sebi allows easier transfer of shares of dead investors MUMBAI: The board of Sebi on Friday decided to make it easier for transfer of securities that are in the name of deceased investors to the legal heirs and claimants by simplifying and standardising the process. It also created a new category of claimants where the…

Union finance minister Nirmala Sitharaman on Friday said externally aided projects (EAPs) should not be seen merely as financing tools but as instruments to help local products from the Northeast access global markets, strengthen livelihoods and turn the region’s geographical challenges into economic opportunities.Chairing a conference on “Leveraging externally aided projects in the northeastern states”,…

SBI Mutual Fund, the country’s largest asset management company, has received Sebi’s approval for its proposed initial public offering, clearing the way for a share sale estimated at around Rs 13,000 crore, PTI reported citing a person familiar with the development.The IPO, for which draft papers were filed in March, is entirely an offer for…