Eight key members of the OPEC+ alliance announced plans to raise oil production again, in a move analysts view as an effort to secure a larger share of the global crude market.The “Voluntary Eight” (V8) – Saudi Arabia, Russia, Iraq, United Arab Emirates, Kuwait, Kazakhstan, Algeria, and Oman, on Sunday said that they would increase…
India and Israel are set to sign a Bilateral Investment Treaty (BIT) during the visit of Israel’s finance minister Bezalel Smotrich later this week, in what is being seen as a step towards laying the groundwork for a free trade agreement (FTA), according to sources.Smotrich will be in India from 8 to 10 September on…
GST levy and hike in platform fees is set to make food delivery more expensive in the coming days. Zomato, Swiggy and magicpin have recently raised their platform fees, just ahead of the festive season.Add to that: the cost of ordering food online is likely to rise further after the 18% GST on delivery charges,…
India’s diaspora also plays a major role in the economy. (AI image) India’s diaspora population has expanded to 3.43 crore, making it the largest in the world, according to a government reply in Lok Sabha quoted in an ET report. It is evenly split between Persons of Indian Origin (PIOs) and Non-Resident Indians (NRIs), each…
Bessent made these observations shortly after Russia conducted its most extensive aerial assault since the war began. US Treasury Secretary Scott Bessent has called on the European Union to join America in adding pressure on Russia, and indicating possibility of more tariffs on countries buying Russian crude oil. The Donald Trump administration has already imposed…
Auto giants Hyundai Motor India and Tata Motors on Sunday announced major price reductions across their vehicle ranges, passing on the benefits of the recent Goods and Services Tax (GST) cuts to customers. Hyundai has slashed prices of its entire model lineup by up to Rs 2.4 lakh, while Tata Motors is reducing prices of…
The strengthening economic ties with China, the second-largest world economy, complement other positive factors for India. (AI image) Indian stock markets may see a boost with several positive catalysts fuelling bullish sentiment. Prime Minister Narendra Modi’s meeting with Chinese President Xi Jinping, alongside recent GST rate cuts, have generated positive sentiment regarding the potential for…
Vietnam’s VinFast enters India with ‘whole ecosystem’; launches VF 6 and VF 7 SUVs (Picture credit: X/@VinFastIN) Vietnamese electric vehicle (EV) maker VinFast has formally stepped into the Indian market with a strategy that goes beyond selling cars, aiming instead to build a complete ecosystem spanning mobility, infrastructure and lifestyle.Pham Sanh Chau, CEO of VinFast…
PhysicsWallah, the edtech giant, is set to make its stock market debut, having submitted updated draft papers to Sebi to raise Rs 3,820 crore through an initial public offering (IPO) aimed at expansion and growth initiatives.The IPO structure includes a fresh issue of shares worth Rs 3,100 crore and an offer for sale of Rs…
South Korea struck a deal with the United States, on Sunday, securing the release of its nationals detained during an immigration raid at a Hyundai plant in Georgia.Presidential chief of staff, Kang Hoon-sik, declared that the two nations had completed negotiations and only administrative formalities were pending. He further added that Seoul would arrange a…
