Category: Business

Container freight rates are expected to remain subdued for the rest of FY26 as uncertainty in global trade continues, driven by US President Donald Trump’s unpredictable tariff policies, industry experts said. According to ET, exporters rushed shipments to the US ahead of the August 27 deadline for a steep 50% tariff on Indian goods, targeting […]

Japanese and Taiwanese electronics and semiconductor companies are exploring the development of country-specific housing corridors in Dholera, Gujarat, to accommodate expat employees working on India’s first chip fabrication unit.Tokyo Electron Ltd (TEL) from Japan and Taiwan’s PSMC, both partners in the Tata Group’s upcoming Dholera fab, are reportedly considering private housing facilities for their staff. […]

NEW DELHI: The third round of negotiations for the India-New Zealand Free Trade Agreement (FTA) concluded on Friday in Queenstown, with both sides vowing to conclude a deal. The discussions reaffirmed the shared commitment of both nations to strengthen economic ties and work towards the early conclusion of a mutually beneficial agreement. Against the backdrop […]

BENGALURU: BharatGen, India’s first government-backed multimodal sovereign AI initiative, was awarded Rs 988.6 crore in funding by the ministry of electronics and information technology (MeitY). The announcement was made by Union IT minister Ashwini Vaishnaw in New Delhi on Friday. The allocation makes BharatGen the largest beneficiary of the Rs 1,500 crore IndiaAI Mission 2025, […]

Trump sings order to increase H1-B visa application fees US President Donald Trump has signed a new proclamation on Friday (US time) introducing a $100,000 annual fee for H-1B visa applications, along with other changes to the skilled foreign worker programme, which has been under scrutiny for years.Originally designed to attract exceptional foreign talent for […]

RBI governor Sanjay Malhotra (File photo) MUMBAI: RBI governor Sanjay Malhotra on Thursday urged the Clearing Corporation of India (CCIL) to expand beyond dollar-rupee trades by creating settlement infrastructure for other currency pairs, as part of efforts to deepen markets and internationalise the rupee.“Given the broader objective of internationalisation of INR, CCIL could explore the […]

NEW DELHI: Japanese credit rating agency Rating and Investment Information (R&I) on Friday upgraded India’s long-term sovereign credit rating to ‘BBB+’ from ‘BBB’ and retained the “stable” outlook, citing growth prospects, progress on fiscal consolidation, and reforms undertaken by govt. This is the third upgrade by a sovereign credit rating agency this year, following S&P’s […]

Adani Group companies gained over Rs 66,000 crore in market cap in a single session on Friday, fuelled by a buying frenzy following Sebi’s clean chit in the Hindenburg case. The gain marked the best day for the Gautam Adani-led group’s stocks since May, Bloomberg reported.The regulator’s order, which dismissed allegations of stock manipulation and […]

Arunachal Pradesh has witnessed a dramatic rise in Goods and Services Tax (GST) collections, with revenue climbing over 700 per cent in six years to nearly Rs 1,900 crore in 2023-24 from just Rs 227 crore in 2017-18, Deputy Chief Minister Chowna Mein said on Friday.Speaking at a BJP programme on GST reforms in Namsai […]

Donald Trump (File photo) The US administration plans a major change to the H-1B visa programme, with President Donald Trump expected to sign a proclamation Friday imposing a $100,000 application fee, according to a White House official, quoted in a Bloomberg report.The order is intended to curb misuse of the visa category and its perceived […]