Global investors have sold nearly $24 billion worth of Indian equities so far this year as capital shifted towards the artificial intelligence-driven rally in Taiwan. (AI image) After months of AI-led rallies, Taiwan has finally overtaken India in terms of total stock market valuation, driven largely by the sharp rally in shares of Taiwan Semiconductor…
India and Canada are looking to fast-track negotiations for a proposed free trade agreement as both countries push to deepen economic engagement and raise bilateral trade to $50 billion by 2030.Canadian Prime Minister Mark Carney said that negotiations on the trade pact with India could prove transformational for businesses and workers in Canada.“We’re negotiating a…
The government on Monday permitted consumers to retain the option of restoring their surrendered domestic liquefied petroleum gas (LPG or cooking gas) connections in future if they move to areas that do not have piped natural gas (PNG) infrastructure. Workers stack LPG cylinders at a gas agency in Jammu. (PTI) “The Government of India has…
Indian equity markets climbed to their highest level in two weeks on Monday after indications of progress in peace discussions between the United States and Iran pushed crude oil prices lower and improved investor sentiment towards riskier assets. US President Donald Trump said on Saturday that Washington and Tehran had “largely negotiated” a memorandum of…
The government is open to stakeholder views on reducing capital gains tax on investments in stock markets, aiming to make domestic markets more attractive to foreign portfolio investors (FPIs), Finance Minister Nirmala Sitharaman said on Monday. Mumbai: Union Finance Minister Nirmala Sitharaman addresses the 37th Foundation Day event of the Small Industries Development Bank of…
Indraprastha Gas Limited (IGL) on Tuesday announced another increase in Compressed Natural Gas (CNG) rates, taking the tally of hikes to four within a span of less than two weeks. The latest revision saw CNG prices go up by Rs 2 per kg. The latest increase comes after IGL raised CNG prices by Rs 2…
Oil prices remained mixed on Tuesday as hopes of progress in US-Iran talks were offset by fresh US military strikes in Iran. While the US oil benchmark West Texas Intermediate slipped 5.46% to $91.33 a barrel, Brent crude from the North Sea moved higher, gaining 2.35% to trade at $98.40 per barrel.The market reaction came…
CHENNAI: Free trade agreements offer the Indian textile industry a significant opportunity to expand its share in the EU, UK, and other markets, as they boost competitiveness. Large players, including Gokaldas Exports, KPR Mill, Arvind, Welspun Living, Vardhman Textiles, and Pearl Global Industries, have signaled export growth in these markets. Some, such as Trident and…
MUMBAI: Tata Trusts’ plans to review its representation on the Tata Sons board have hit a roadblock, with the Maharashtra charity commissioner’s freeze on Sir Ratan Tata Trust board meetings spilling over to Sir Dorabji Tata Trust, even though the commissioner’s order applies only to SRTT.The complication arises from Tata Sons’ articles of association, which…
MUMBAI: Indian shares rose to a two-week high on Monday as signs of progress in US-Iran peace talks pushed oil prices lower and boosted investor appetite for risk assets.US President Donald Trump said on Saturday that Washington and Iran had “largely negotiated” an MoU on a peace deal that would reopen the Strait of Hormuz,…
