US President Donald Trump during a meeting with Pakistan Prime Minister Shehbaz Sharif and Field Marshal Asim Munir at the White House last month Advisers to Pakistan’s military chief, Asim Munir, have reportedly approached US officials with a proposal to construct and operate a port at Pasni on the Arabian Sea, offering Washington a strategic…
The Reserve Bank of India (RBI) has kept its policy interest rate unchanged at 5.5 per cent for the second consecutive meeting, while retaining flexibility for future reductions. This comes after the monetary policy committee (MPC) significantly lowered its inflation projections, according to a Crisil Intelligence analysis cited by PTI.The central bank, in its October…
US trade representative Jamieson Greer (Image credits: AP) NEW DELHI: US trade representative Jamieson Greer claimed that India is already beginning to diversify away from Russian oil, even as the United States has imposed a 50% tariff on India over its oil imports from Russia.Speaking at the Economic Club of New York, Greer explained that…
Fugitive diamantaire Nirav Modi NEW DELHI: Fugitive diamantaire Nirav Modi will be back in a London courtroom on November 23, as judges hear his petition to reopen the extradition trial on the grounds that he could face interrogation if repatriated to India.Nirav Modi argued before the Westminster Court that questioning by Indian agencies may amount…
Union finance minister Nirmala Sitharaman (ANI photo) NEW DELHI: Finance minister Nirmala Sitharaman said on Friday there will be limited impact of external shocks on India’s growth, due to strong domestic consumption and investment.“The Indian economy is resilient and continues to grow sustainably,” she said at the Kautilya Economic Conclave.The Indian economy is estimated to…
NEW DELHI: Gold demand this Dussehra witnessed a significant decline, with sales falling 25% to 18 tonnes compared to 24 tonnes during the same festival last year, according to the India Bullion & Jewellers Association (IBJA).“Last year Dussehra was a better one as the volume of gold sold was 24 tonnes. This year, the prices…
The tunnel holds strategic significance due to its proximity to Arunachal Pradesh, which borders China. (AI image for representative purpose) India may get its first underwater road tunnel under a major river in the coming years. The new road tunnel project planned under the Brahmaputra river is awaiting a nod from the Union Cabinet.The tunnel…
NEW DELHI: Securities and Exchange Board of India (Sebi) has approved eyewear retailer Lenskart’s draft red herring prospectus (DRHP) to launch its initial public offering (IPO), marking the way for a major milestone in the company’s growth journey. The Gurugram-based firm plans to file its updated prospectus in the coming weeks, with a target to…
NEW DELHI: Govt’s policy tank Niti Aayog proposed a comprehensive designed framework to enhance tax certainty and predictability for foreign investors. It recommended the introduction of an optional, industry-specific presumptive taxation scheme for foreign firms.Releasing a working paper on Friday, it also backed broader legislative clarity, administrative efficiency, robust dispute resolution mechanisms, and strategic alignment…
The US Treasury is considering a $1 coin featuring President Donald Trump to mark the country’s 250th anniversary, a Treasury spokesperson said on Friday. In a post on X, Treasurer Brandon Beach shared a coin draft and said that the first drafts, photos shared by a user on X, honor America’s 250th Birthday. “No fake…
