Ambani’s comments come at a time when the Donald Trump administration is waging a trade war, with India faced with a 50% US tariff. Reliance Industries Chairman Mukesh Ambani on Friday said that India’s rise is unstoppable. Ambani was addressing Reliance shareholders at the company’s Annual General Meeting. “Despite geopolitical uncertainty, one truth is crystal…
PM Modi at India-Japan Economic Forum Prime Minister Narendra Modi on Friday said India and Japan are poised to jointly influence the Asian century’s trajectory towards stability, growth and prosperity. He made the remarks while addressing the India-Japan Economic Forum during his two-day visit to Tokyo.“In India, capital doesn’t just grow, it multiplies. You are…
Indian refineries, alongside their Asian counterparts, have increased their orders when US crude. (AI image) Indian refiners have stepped up their purchase of US oil in August, as competitive prices have enhanced the appeal of American crude. The move comes at a time when the Donald Trump administration has imposed 50% tariffs on Indian goods…
Piyush Goyal at Bharat Buildcore curtain raiser Union commerce and industry Minister Piyush Goyal on Friday said India would not compromise its self-respect in trade negotiations. His comments come at a time when India has been hit by 50% US tariffs and trade deal negotiations between the countries have hit a stalemate.“If any country wants…
Gold price prediction: Intraday traders can look for buying opportunities on dips near ₹1,01,850, with a stop-loss placed at ₹1,01,450. (AI image) Gold price prediction today: Gold rates suggest a ‘buy on dips’ strategy, says Jateen Trivedi, VP Research Analyst – Commodity and Currency, LKP Securities. Here is his strategy for gold investors:Gold futures on…
NEW DELHI: The push for diversification of India’s exports to other countries is not just a short-term phenomenon but a larger policy shift for the medium- to long term as government realises the risk of putting all eggs in one basket.“In the past we have faced challenges in imports due to over reliance on some…
Chris Wood further observed that India’s ongoing Russian oil purchases have become a major point. (AI image) The Donald Trump administration’s move to impose 50% tariffs on India is ‘draconian’, according to Jefferies’ emerging markets strategist Chris Wood, who believes that the step will lead to a direct hit of $55-60 billion.According to an ET…
US ends exemptions on parcel imports under $800 (AI image) The US ended its $800 tariff exemption for package shipments on Friday, introducing a transitional period of six months where postal service shippers may choose to pay a fixed duty between $80 to $200 per package, based on the country of origin, according to Trump…
Urjit Patel appointed executive Director to IMF (File photo) Former Reserve Bank of India (RBI) governor Dr Urjit Patel has been appointed as Executive Director of the International Monetary Fund (IMF) from India for a three-year term, according to a Personnel Ministry order. The appointment was cleared by the Appointments Committee of the Cabinet. Patel,…
Mumbai: India’s yearly gains from buying crude oil from Russia at a discount since the Ukraine war started in Feb 2022 is estimated to be just about $2.5 billion, a report by foreign broking major CLSA has said. This comes days after US treasury secretary Scott Bessent said that India’s total gain from buying cheap…
