MUMBAI: Vis Raghavan, head of banking and executive vice chair of Citi, was in India for its annual India conference, which unites all businesses and 1,000 corporates. It is part of a global push to bring buy/sell side participants, policymakers, and decision-makers onto one platform. Raghavan is credited as a seasoned investment banker and dealmaker…
NEW DELHI: Nearly two decades after a working group was formed to compile producer price index (PPI), govt Tuesday finally laid out a road map for its introduction. On June 15, govt will unveil the revised wholesale price index, with 2022-23 base, and along with it will come PPI.In five years, govt intends to phase…
The Reserve Bank of India (RBI) on Tuesday announced a Rs 50,000 crore two-day Variable Rate Repo (VRR) auction, a move aimed at managing short-term liquidity conditions ahead of the central bank’s monetary policy review.The auction will be conducted on June 3 between 9:30 am and 10 am, while the reversal of funds will take…
TOI correspondent from Washington: US Secretary of State Marco Rubio has renewed pressure on New Delhi’s purchases of Russian oil, telling Congress on Tuesday that the Trump administration wants to end “as soon as possible” sanctions waivers and special arrangements that have allowed countries such as India to import Russian oilRubio’s remarks during a Senate…
India and the UK on Tuesday discussed the key issues delaying the implementation of the Comprehensive Economic and Trade Agreement (CETA), as both sides reviewed progress under the trade pact signed in July last year.The issues came up during a meeting between Commerce Secretary Rajesh Agarwal and UK Permanent Secretary Amanda Brooks.“Engaged in extensive discussions…
Mumbai: Prism, the parent company of Oyo, has secured markets regulator Sebi’s nod to go ahead with its IPO in what will be its third attempt at going public, said people aware of the matter. The company is seeking to raise up to Rs 6,650 crore through fresh issues of shares and is targeting a…
India has tightened restrictions on silver imports by bringing additional categories, including silver grains and powder, under the restricted list and requiring prior government approval for shipments, according to a government order issued on Tuesday.Under the revised rules, imports of silver in the form of grains, powder, other forms, and products containing 99.9 per cent…
Wall Street’s record-breaking rally slowed on Tuesday as shares of Alphabet fell sharply after the Google parent announced plans to raise fresh capital to fund its growing investments in artificial intelligence.The S&P 500 slipped 0.1 per cent after hitting another all-time high a day earlier. The Dow Jones Industrial Average rose 65 points, or 0.1…
The US-India Business Council (USIBC) on Tuesday said dialogue on India-US agricultural cooperation held in Washington, describing it as an important initiative to strengthen collaboration between the two countries in the farm sector.The discussions took place during a meeting hosted by USIBC with a PHDCCI delegation led by IFFCO Chairman Dileep Sanghani.Following the engagement, USIBC…
Gold prices spiked in Delhi on Tuesday after a rise in the prices of the metal globally and the weakness in the US dollar, PTI news agency reported. Gold had closed at ₹1,60,400 per 10 grams in the previous trading session on Monday. (Representational image) The price of pure gold (99.9%) increased by ₹1,050 to…
