MUMBAI: Strong gains in index heavyweights Reliance Industries and HDFC Bank on Thursday propelled sensex to within half a percentage point of its all-time high peak of 85,978 points, recorded nearly 14 months ago. Sensex closed the session 446 points up at 85,633 points, its fourth consecutive day of gains. At Thursday’s close, while sensex…
NEW DELHI: Reliance Industries (RIL) has stopped accepting Russian crude for the export-oriented unit at its Jamnagar refining complex in Gujarat from Thursday, a day before the deadline for accepting pre-ordered shipments under the latest round of US sanctions and a month before EU curbs on products made from barrels from Kremlin-backed exporters.From Dec, all…
TEL AVIV/ NEW DELHI: India and Israel on Thursday inked terms of reference (ToR) to formally launch negotiations for a free trade agreement, commerce & industry minister Piyush Goyal said.The ToR, which will be the basis for talks, includes market access for goods by eliminating tariff and non-tariff barriers, investment facilitation, simplification of customs procedures,…
The government has postponed the implementation of mandatory quality standards for certain imported steel and stainless-steel products until March 2026, in order to secure the supply of crucial steel items. Quality Control Orders (QCOs), which prevent non-BIS-compliant steel from entering the country, had earlier seen certain exemptions. The Ministry of Steel had allowed specified steel…
Tata Consultancy Services (TCS), India’s largest software exporter, is set to launch a multi-billion dollar joint venture with private equity firm TPG to create AI and sovereign data centres, sources close to the matter said. The move marks a strategic shift for TCS, which has historically favoured a capex-light, organic growth model, as it aims…
India and Israel have moved a step closer to a deepen their economic partnership, as the two nations signed the Terms of Reference (ToR) in Tel Aviv on Thursday, formally launching negotiations for a Free Trade Agreement. The document was endorsed by commerce and industry minister Piyush Goyal and Israel’s economy and industry minister Nir…
The United States finally released its long-awaited September employment data after a seven-week delay caused by the federal government shutdown, showing that employers added 119,000 jobs, more than twice what economists had expected. Though the figure offered a bright headline after weeks of uncertainty, the underlying numbers painted an uneven picture of the job market.Revisions…
US markets traded in green on Thursday as investors welcomed fresh signs that pressure on Wall Street may be easing, with Nvidia’s latest earnings and renewed hopes of another interest rate cut by the Federal Reserve. Dow jumped 662 points or 1.44% to 46,801. Nasdaq also rose to 23,134 up, 569 points or 2.5% at…
India can walk into the negotiating room with the US far more confidently than ever, thanks to a strong economy and a milder-than-expected hit to its exports, according to officials and analysts cited by Reuters.Despite the United States slapping tariffs of up to 50% on Indian imports, the drop in New Delhi’s shipments has been…
Within the next one decade, the Indian semiconductor industry is expected to come at par with global chipmaking leaders like the US and China.Union minister Ashwini Vaishnaw on Thursday outlined the government’s most ambitious technology targets, saying that the country’s plans for the sector have advanced far more quickly than anticipated. Speaking at Bloomberg’s New…
