NEW DELHI: Senior officials of India and the 27-nation European Union (EU) will commence the next round of talks for a proposed free trade agreement today in Brussels to iron out differences on issues for early conclusion of the negotiations, an official said.This will be the 14th round of negotiations between the two sides. Commerce…
NEW DELHI: Foreign portfolio investors (FPIs) remained net sellers of Indian equities in September, withdrawing Rs 23,885 crore and taking year-to-date outflow to Rs 1.58 lakh crore. This marks the third consecutive month of withdrawals, following heavy outflows of Rs 34,990 crore in August and Rs 17,700 crore in July, data obtained from depositories showed….
MUMBAI: RBI‘s move to get merchants to store tokens instead of card data since 2022 has cut down frauds and improved transaction success rates. Now, allowing alternatives to one-time passwords (OTP) for authentication is expected to make the system more efficient. Speaking to TOI, Visa’s head of products and innovation for South Asia, Ramakrishna Gopalan,…
NEW DELHI: Asian Infrastructure Investment Bank chief economist Erik Berglof says that US tariffs have created more uncertainty than the Covid pandemic or the global financial crisis and argues that global supply chains are here to stay. Excerpts from an interview with TOI:What do you make of current global situation in the wake of the…
Shares of streaming platform Netflix have tumbled almost 5% over the past 5 trading sessions ever since Tesla CEO Elon Musk has started urging his followers to boycott the company and cancel their subscriptions.Netflix shares fell on Friday, marking their biggest weekly decline since April, even as the broader market rallied. Though major indices rose…
French automaker Renault is planning to reduce about 3,000 jobs through a voluntary redundancy programme for staff in support function; Reuters reported on Saturday citing French newsletter L’Informe. The cost-cutting initiative, named “Arrow,” targets human resources, finance, marketing, and other support services, aiming to lower staff numbers by roughly 15% at its headquarters in Boulogne-Billancourt…
Indian equity markets this week will be guided by macroeconomic data, global developments, and quarterly results from IT giant TCS, analysts said. Investors will also keep an eye on foreign fund flows, which have continued to show caution.In September, foreign portfolio investors (FPIs) were net sellers, withdrawing Rs 23,885 crore from Indian equities. This pushed…
States must strengthen their financial position to accelerate poverty reduction and ensure sustained development, Iqbal Singh Dhaliwal, Global Executive Director of the Abdul Latif Jameel Poverty Action Lab (J-PAL), part of the Massachusetts Institute of Technology (MIT), has said.“The central government’s fiscal deficit is fine, but the state governments are facing considerable challenges in terms…
As Commerce and Industry minister Piyush Goyal is set to begin his two-day visit to Doha from October 6, India and Qatar are expected to finalise the terms of reference (ToR) for a proposed free trade agreement (FTA) this week. According to the trade policy think-tank GTRI report, India–Qatar trade stood at $14.15 billion in…
India and Qatar are expected to finalise the terms of reference (ToR) this week to initiate talks for a free trade agreement (FTA), the commerce ministry said on Sunday. The move comes ahead of Commerce and Industry Minister Piyush Goyal’s two-day visit to Doha, beginning October 6.Goyal will attend the Qatar-India Joint Commission on Trade…