Category: Business

Business

Government unfazed by high import bills and trade deficit spikes

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Government unfazed by high import bills and trade deficit spikes

The Centre is non-plussed about the recent spate of record-high import bills and is not actively mulling any import compression measures. File | Photo Credit: The Hindu The Centre is non-plussed about the recent spate of record-high import bills and is not actively mulling any import compression measures, top trade officials asserted, attributing the rising…

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In the name of open economy, we gave unfair advantages to others: EAM Jaishankar

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In the name of open economy, we gave unfair advantages to others: EAM Jaishankar

External Affairs Minister S. Jaishankar virtually participates in the India Foundation’s Ideas Conclave on ‘Building Brand Bharat’. | Photo Credit: PTI In the name of open economy, we allowed other countries to get an advantageous playing field in the country and this has to stop, said External Affairs Minister S. Jaishankar on Saturday (November 23,…

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Commerce Secretary visits Norway to discuss early implementation of trade pact with EFTA bloc

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Commerce Secretary visits Norway to discuss early implementation of trade pact with EFTA bloc

Secretary of Department of Commerce in Ministry of Commerce & Industry Sunil Barthwal. File. | Photo Credit: PTI Commerce Secretary Sunil Barthwal has visited Norway to discuss the possibility of an early implementation of a free trade agreement between India and the four-nation European bloc EFTA, an official statement said on Saturday. The agreement, officially…

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U.S. SEC summons Gautam Adani, nephew Sagar in bribery case

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U.S. SEC summons Gautam Adani, nephew Sagar in bribery case

Indian billionaire Gautam Adani. File | Photo Credit: Reuters Adani group founder and chairman Gautam Adani and his nephew Sagar have been summoned to explain their stand on the U.S. Securities and Exchange Commission (SEC) allegation of paying $265 million (₹2,200 crore) in bribes to secure lucrative solar power contracts. Summons have been sent to…

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None of Adani portfolio firms subject to any legal case: Group CFO

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None of Adani portfolio firms subject to any legal case: Group CFO

Adani Group CFO Jugeshinder Singh. | Photo Credit: Reuters None of Adani group portfolio companies, comprising 11 listed firms, have been accused of any wrongdoing, conglomerate’s CFO Jugeshinder Robbie Singh said on founder and chairman Gautam Adani’s indictment on bribery charges in the US. In a post on X (formerly Twitter), Mr. Singh said the…

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Adani Green Energy’s CFO defends against U.S. charges, says linked to one business contract

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Adani Green Energy’s CFO defends against U.S. charges, says linked to one business contract

Represesntational image. File | Photo Credit: AP A U.S. bribery indictment of Indian billionaire Gautam Adani is linked to one contract of Adani Green Energy comprising some 10% of its business, and none of the conglomerate’s other companies are accused of wrongdoing, the group’s CFO said on Saturday (November 23, 2024). On Wednesday (November 20,…

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FTA talks with India to relaunch early in 2025: U.K. PM tells Parliament

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FTA talks with India to relaunch early in 2025: U.K. PM tells Parliament

British Prime Minister Keir Starmer delivers his statement on COP29 and G20 Summits at the House of Commons in London on November 21, 2024. | Photo Credit: Reuters The Free Trade Agreement negotiations with India — expected to significantly boost the estimated GBP 42 billion a year bilateral trade partnership — will be relaunched early…

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India’s forex reserves see sharpest weekly drop on record, hit over four-month low

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India’s forex reserves see sharpest weekly drop on record, hit over four-month low

Image used for representational purposes. File India’s foreign exchange reserves logged their sharpest weekly fall on record to a more-than-four-month low last week, as the dollar strengthened following the U.S. election verdict, and the central bank sold from its reserves to limit the rupee’s decline. The reserves fell by $17.8 billion in the week of…

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Govt notifies telecom cyber security rules; sets timelines for telcos to report security incidents

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Govt notifies telecom cyber security rules; sets timelines for telcos to report security incidents

The government has notified the telecom cyber security rules, that aim to safeguard India’s communication networks. File | Photo Credit: The Hindu The government has notified the telecom cyber security rules, that aim to safeguard India’s communication networks and services, through a host of measures including specified timelines for telcos to report security incidents and…

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Markets stage sharp recovery; Sensex reclaims 79k level, Nifty surges 557.35 points

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Markets stage sharp recovery; Sensex reclaims 79k level, Nifty surges 557.35 points

SBI, TCS, Titan, ITC, Infosys, L&T, Reliance Industries and Bajaj Finance were the biggest gainers. File | Photo Credit: PTI Benchmark equity indices rebounded sharply on Friday (November 22, 2024), with the Sensex climbing 2.54% to reclaim the 79,000 level, driven by across-the-board rally and value buying at lower levels. Strong buying by domestic institutional…

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