This is an AI-generated image, used for representational purposes only. An Indian company that exported $1.4 million worth of an explosive compound to Russia last December said it complied with Indian rules and that the shipment was strictly for civilian industrial purposes, not military use.According to news agency Reuters, Ideal Detonators Private Limited confirmed that…
File photo: Union minister Piyush Goyal (Picture credit: PTI) India’s Free Trade Agreement (FTA) with Oman is at an advanced stage and nearly finalised, Union Commerce and Industry Minister Piyush Goyal confirmed on Saturday. He also noted that negotiations with the European Union, United States, Peru, and Chile are progressing rapidly and making ‘fast progress’….
Kotak Mahindra Bank reported a consolidated net profit of Rs 4,472 crore for the June quarter, marking a significant drop from Rs 7,448 crore in the same period last year. The previous year’s figure, however, included a one-time gain of over Rs 3,000 crore from the sale of a stake in its general insurance business,…
File photo: Finance minister Nirmala Sitharaman (Picture credit: PTI) Finance minister Nirmala Sitharaman on Saturday said that sustaining economic growth in the face of global uncertainties remains India’s foremost priority. She also underlined that the government will continue to rely on increased public capital expenditure as a major tool to drive development.Speaking at a book…
File photo: Union minister Piyush Goyal (Picture credit: PTI) Union commerce and industry minister Piyush Goyal on Saturday said the European Union’s Carbon Border Adjustment Mechanism (CBAM) is likely to harm European industries more than its intended targets, including India. “There is a lot of opposition to CBAM in the EU also. EU’s infrastructure will…
MUMBAI: RBI governor Sanjay Malhotra voiced support for US Fed chief Jerome Powell, who faces growing political pressure in the US, calling central bank autonomy essential. “Maintaining the independence of the central bank is very important,” he said after an event here. Malhotra cited a recent G20 meeting where Powell’s remarks on independence drew rare…
This is a representative AI image (Pic credit: Lexica) NEW DELHI: The India-UK Comprehensive Economic & Trade Agreement (CETA) provides Indian pharma companies access to the procurement programme of the National Health Scheme and other govt agencies, which are estimated to be to the tune of $122 billion.NHS in England alone buys medicines of $25…
The India-UK Comprehensive Economic and Trade Agreement (CETA) is likely to provide a major boost to India’s seafood and export sectors. The landmark pact was signed on Thursday, in the presence of Prime Minister Narendra Modi and UK Prime Minister Keir Starmer and was formalised by commerce minister Piyush Goyal and UK secretary of state…
Union minister Piyush Goyal (left) and Britain’s secretary of state for business and trade, Jonathan Reynolds, shake hands after they signed the free trade agreement. (Picture credit: AP) India has secured the right to impose temporary trade safeguards under its newly signed free trade agreement (FTA) with the United Kingdom, the commerce ministry confirmed on…
Representative image (TOI) Only around one fourth of the UK’s exports by value will receive immediate duty-free access to the Indian market, with most sensitive sectors remaining safeguarded, the government said on Friday, according to ET.Commerce secretary Sunil Barthwal, addressing the media, explained that product-specific rules of origin have been established. These include value-addition requirements…