The higher duty on the Chinese company is expected to raise the landed cost of Chinese fumed silica in India, potentially benefiting domestic producers India on Tuesday increased the anti-dumping duty on Chinese untreated fumed silica after finding evidence that the firm in question was absorbing the duty. The Directorate General of Trade Remedies (DGTR)…
Chakri Lokapriya, CIO-Equities, LGT Wealth, says the resolution of Trump’s tariffs at 50% has reduced uncertainty, while hopes for US-Russia trade talks are fueling expectations of eased oil purchases for India. However, the market’s assumption that a US-Russia agreement will automatically eliminate the extra 25% tariff is uncertain Read More…
According to the calculation, investors in the 2019-20 Series-IX, issued in September 2019 at Rs 4,070 per gram, will see an absolute gain of 147% or Rs 6,000 per unit. The Reserve Bank of India has announced Sovereign Gold Bonds (SGB) 2019-20 Series-IX and 2020-21 Series-V premature redemption date. The investors can opt for premature…
Prime Minister Narendra Modi and Brazil President Luiz Inácio Lula da Silva spoke on phone on Thursday amid ongoing tariff tensions from the US. The two leaders exchanged views on various “regional and global issues of mutual interest.” Both the nations face 50% tariffs from the US. Prime Minister Narendra Modi and Brazil President Luiz…
The European Union’s liquefied natural gas (LNG) imports from Russia have been increasing since the start of the Russia-Ukraine war in February 2022, even as EU sanctioned the Nayara Energy refinery in India last month owing to the 49.13% stake held in it by Russian oil firm Rosneft, saying profits from the refinery were fuelling…
The Reserve Bank of India’s (RBI) decision to keep the repo rates unchanged in the August Monetary policy cycle is seen as a technical pause driven by inflation projections and growth dynamics, according to a report by SBI. The SBI report noted that inflation is expected to remain below 3 per cent till the third…
Almost a million more deaths than births were recorded in Japan last year, representing the steepest annual population decline since government surveys began in 1968. Prime Minister Shigeru Ishiba has described the demographic crisis of Japan’s ageing population as a “quiet emergency”, pledging family-friendly policies such as free childcare and more flexible work hours. But…
The government has proposed 2022-23 as the new base year for the Index of Industrial Production (IIP) and Gross Domestic Product (GDP), and 2024 for the Consumer Price Index (CPI), Parliament was informed on Wednesday. Read More…
Tim cook walked into the oval office Wednesday whit a carefully crafted peace offering -a gleaming piece of Kentucky -made corning glass etched with Donald Trump’s name and mounted on 24-karat Utah gold,and another $100 billion . it’s as American as it could be But the APPLE CEO wasn’t there just to present a present…
Amid rising concerns over Donald Trump’s steep tariff hike on Indian exports, Prime Minister Narendra Modi on Thursday said India would never compromise on the interests of its farmers, even if it means facing economic consequences. Read More…