MUMBAI: RBI said it has formed an independent panel to strengthen the stakeholder engagement in regulatory process and leverage industry expertise on a continued basis. The independent advisory group on regulation (AGR) has been formed, comprising external experts, to channel industry feedback into periodic review of regulations through regulatory review cell (RRC). SBI MD Rana…
WTO director-general Ngozi Okonjo-Iweala NEW DELHI: Artificial Intelligence (AI) could lead to significant increases in trade and GDP by 2040, with global trade projected to rise by 34-37% across different scenarios, a report released by the World Trade Organisation said on Wednesday. The report said that the largest growth occurs in trade of digitally deliverable…
Indian IT giants are preparing for a wave of contract renewals worth about $13 billion to December end, offering companies like Tata Consultancy Services (TCS), Infosys, HCLTech, and Wipro a chance to secure a share of the info tech market.The surge comes as clients push for cost savings and AI-driven efficiency, according to data from…
PepsiCo’s global chairman and CEO, Ramon Laguarta, met Prime Minister Narendra Modi in New Delhi on Tuesday evening, as per sources cited by ET. The meeting marks the first time Modi has met a top US CEO in India amid rising trade tensions and new GST taxes. Laguarta was accompanied by PepsiCo’s entire board, representing…
The government has put forward a plan to set up multi-disciplinary partnership (MDP) firms that can compete with global consulting and auditing giants. These new firms would provide a range of services under one umbrella. This includes cost record maintenance, accounting, auditing, assurance, company secretarial work, legal services, valuation and management. The move is aimed…
US Federal Reserve Chairman Jerome Powell (File photo) US Fed FOMC Meeting: Led by chairman Jerome Powell, the US Federal Reserve on Wednesday announced a 25 basis points rate cut after the FOMC meeting. “In support of its goals and in light of the shift in the balance of risks, the Committee decided to lower…
NEW DELHI: Reduction of GST (goods and services tax) from 12% to 5% across the renewable energy value chain is expected to bring down the power procurement costs of discoms (distribution utilities) across the country by roughly Rs 3,000 crore annually, the government said on Wednesday.The savings may not lead to reduction in consumer tariffs…
India’s fundamental growth story remains strong, but the stock market volatility has been particularly significant this year. (AI image) The US Federal Reserve Chairman Jerome Powell-led Federal Open Market Committee (FOMC) cut rates by 25 basis points on Wednesday. The rate cut was on expected lines, and came amidst rising pressure from US President Donald…
The European Union on Wednesday unveiled its strongest plan so far to pressurise Israel to end the war in Gaza, which has now dragged on for 23 months. EU foreign policy chief Kaja Kallas has called on the bloc’s 27 countries to raise tariffs on some Israeli goods and place sanctions on Israeli settlers, as…
Apollo Tyres on Wednesday announced that it will be passing on the benefits of the recent GST rate cut to customers by lowering the tyre prices. Depending on the product, prices will drop by Rs 300 to Rs 2,000.Passenger car tyres will become cheaper by Rs 300 to Rs 1,500, while truck and bus radial…
