During their latest meeting in South Korea, US President Donald Trump and Chinese President Xi Jinping managed to cool the intense trade stand-off between their countries briefly. The two leaders reached a provisional deal: the US would trim tariffs on Chinese goods by 10%, bringing the rate down to 47%, while China would pause its…
US treasury secretary Scott Bessent criticised China’s decision to tighten control of rare earth exports, calling it a “mistake” that cautioned everyone.Reflecting on China’s decision to introduce new export restrictions in October, Bessent said the move had revealed Beijing’s willingness to weaponise rare earths, a group of minerals that are vital to defence systems, electric…
Global Trade Research Initiative (GTRI) has proposed a three-step strategy to safeguard India’s trade interests as discussions with the United States have stepped into the “advanced stage.” The agency has suggested measures like scaling back Russian oil imports, seeking trade parity and resuming talks on fair terms.Here’s what GTRI’s 3 step plan says: 1. Halting…
Even as Moscow’s crude dominates headlines, it’s not the only Russian oil flowing into India. Russia has now surpassed Ukraine to become India’s biggest supplier of sunflower oil, with shipments soaring twelvefold over the past four years, according to industry data cited by ET.“Russia is the largest and most reliable source of sunflower oil in…
BENGALURU: Narayana Health has acquired UK-based Practice Plus Group Hospitals for Rs 2,200 crore, marking its entry into the UK healthcare market. The acquisition expands Narayana Health’s global footprint, positioning the company among India’s top three healthcare providers by revenue.Narayana Health operates a comprehensive network of primary, secondary, and super-specialty tertiary-care facilities across India and…
Apple’s operations in India stood out once again for the US tech and electronics major which set an all-time revenue record in the country just as it clocked an 8% growth in global revenues — at $102.5 billion, led by “a tremendous response” to the new iPhone17 series and the previous-gen iPhone16.Tim Cook, the global…
MUMBAI: Markets regulator Sebi will not ban weekly derivatives contracts that have emerged as one of the most traded contracts in the country but will bring in changes to the futures & options (F&O) segment in a calibrated manner, Sebi chairman Tuhin Kanta Pandey reiterated his stand on the issue on Friday.Over the last few…
The United States is nearing the longest federal government shutdown in history, having remained closed for the entire month with no resolution in sight. Economists have warned that the longer the impasse drags on, the greater the risk that the economy, already showing signs of strain, could shift from bending to breaking.“The economy is fragile…
MUMBAI: The Rs 7,278-crore IPO of Lenskart Solutions, the tech-driven eyewear company, was fully subscribed on day 1 with institutional and retail investors taking the lead. According to data from BSE, the institutional part was subscribed 1.4 times while the retail part was subscribed 1.3 times. Data also showed that the employee portion was also…
MUMBAI: Markets regulator Sebi is investigating the four-and-half-hour trading disruption on MCX, the biggest commodities derivatives exchange in India, on October 28 that delayed the start of operations. If it finds faults with the exchange’s systems, MCX could face a monetary penalty.“Sebi has started an investigation into the same (trading halt on MCX),” a source…
