Category: Business

Business

Norway will invest half of $100 billion under EFTA: Norwegian envoy May-Elin Stener

March 20, 2024 admin

Norwegian Ambassador to India May-Elin Stener. Photo: Special Arrangement Switzerland being the largest player is likely to contribute more than half of the $100 billion free trade pact India recently signed with the European Free Trade Association (EFTA), while Norway will bring in the rest, with Iceland and Liechtenstein contributing as well, Norwegian Ambassador to…

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Guaranteed MSP is an ethical imperative

March 19, 2024 admin

The perennial issue of fair pricing of farm produce reigns supreme, now coupled with calls for legal assurances of Minimum Support Price. File | Photo Credit: PTI As the general elections draw closer, agrarian concerns have once again taken centre stage. Farmers from the heartland of the Green Revolution have travelled to the border of…

Business

Regulator snubs revenue projections at Adani-controlled Thiruvananthapuram Airport

March 19, 2024 admin

The Thiruvananthapuram Kerala International Airport Ltd (TKIAL) is a wholly-owned subsidiary of Adani Enterprises Ltd, which signed a concession agreement with the Airports Authority of India in January 2021. Photo: Special Arrangement The Adani-controlled Thiruvananthapuram Airport’s projection of revenue from non-aeronautical services such as the sale of food and beverages — used to subsidise costs…

Business

India can sustain 8% GDP growth: RBI bulletin

March 19, 2024 admin

A worker cuts metal inside a workshop manufacturing metal pipes in Mumbai, India August 11, 2017. REUTERS/Shailesh Andrade | Photo Credit: SHAILESH ANDRADE India can sustain 8% annual GDP growth and the conducive macroeconomic configuration may become a launching pad for a step-up in the country’s growth trajectory, said an article on the ‘State of…

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Sensex, Nifty down 1% amid slump in TCS, foreign fund outflows

March 19, 2024 admin

A view of the Bombay Stock Exchange | Photo Credit: Paul Noronha Benchmark equity indices Sensex and Nifty tumbled 1% each on Tuesday dragged down by a heavy sell-off in TCS, Infosys and Reliance Industries amid weak Asian markets and fresh foreign fund outflows. The 30-share BSE Sensex tanked 736.37 points or 1.01% to settle…

Business

Rupee declines 12 paise to close at 83.02 against U.S. dollar

March 19, 2024 admin

On March 18, the Rupee dropped four paise to settle at 82.90 against the U.S. dollar. | Photo Credit: The Hindu The Rupee depreciated 12 paise to 83.02 (provisional) against the U.S. dollar on March 18, weighed down by a heavy sell-off in domestic equities and persistent foreign capital outflows. “Besides, a surging greenback against…

Business

H-1B initial registration period to close on March 22

March 19, 2024 admin

USCIS will begin accepting online filing of the forms for H-1B cap petitions on April 1. File | Photo Credit: AP The initial registration period for the H-1B visas, the most sought-after by Indian IT professionals, for fiscal 2025 closes on March 22, a federal agency has said. The H-1B visa is a non-immigrant visa…

Business

Uber to pay $178 million in Australia taxi class action settlement

March 19, 2024 admin

Uber has agreed to pay $178 million to settle a lawsuit brought by Australian taxi operators and drivers. File | Photo Credit: Reuters Uber has agreed to pay A$271.8 million ($178 million) to settle a lawsuit brought by Australian taxi operators and drivers, who say they lost income when the ride-hailing company moved into the…

Business

Pressure builds for charge on global shipping sector’s CO2 emissions

March 19, 2024 admin

Representational image of cargo ships at a harbour. Carbon tax on shipping will cut developing countries’ GDP by 0.13% | Photo Credit: Reuters The European Union, Canada, Japan and climate-vulnerable Pacific Island states are among 47 countries rallying support for a charge on the international shipping sector’s greenhouse gas emissions, documents reviewed by Reuters showed….

Business

Sensex, Nifty tank in early trade amid weak Asian markets, foreign fund outflows

March 19, 2024 admin

Benchmark equity indices Sensex and Nifty declined in early trade on Tuesday, March 19, 2024, in-tandem with weak Asian markets and fresh foreign fund outflows. Also, investors turned cautious ahead of the US Fed interest rate decision this week. The 30-share BSE Sensex tanked 420.56 points to 72,327.86 after opening on a weak note. The…

Business