The United States is hoping to finalise its rare earths agreement with China by Thanksgiving, US Treasury Secretary Scott Bessent said on Sunday, signalling momentum in the negotiations launched after Presidents Donald Trump and Xi Jinping met in South Korea last month, AFP reported.The tentative deal reached in late October includes a one-year suspension of…
Prime Minister Narendra Modi has asked engineers working on the Mumbai–Ahmedabad bullet train project to systematically document their technical and on-ground experiences, saying such a record would help India replicate high-speed rail projects across the country without “repeated experimentation.”Interacting with engineers and workers of the Mumbai–Ahmedabad High Speed Railway (MAHSR) corridor in Surat on Saturday,…
The Indian rupee may finally have found a floor after months of sustained depreciation, with Jefferies indicating that the currency has likely bottomed out following its sharp underperformance against major emerging market peers, ANI reported.In its latest GREED & fear note, Jefferies said the rupee has been “the worst performer year to date amongst major…
File photo: Ex-Fed governor Adriana Kugler (Picture credit: AP) Former Federal Reserve governor Adriana Kugler, who resigned abruptly in August, repeatedly broke the central bank’s strict trading rules before stepping down, according to new disclosures released by US ethics authorities.A report by the US Office of Government Ethics, reviewed after the Federal Reserve referred the…
Rajahmundry Railway station (File photo) New Delhi: Passengers may soon find popular food chains such as KFC, McDonald’s, Baskin Robbins, Pizza Hut, Haldiram’s and Bikanerwala at railway stations. The railway board has revised its catering policy to allow premium brand catering outlets to operate at stations across the country.The proposal to issue guidelines for premium…
The United States has told Serbia it will not lift sanctions on the country’s largest oil company, NIS, unless Belgrade ensures a complete withdrawal of Russian ownership, Serbian Energy Minister Dubravka Djedovic Handanovic said on Saturday, calling the weeks ahead “some of the most difficult decisions in our history”.NIS — the Petroleum Industry of Serbia…
India could secure a marginal competitive advantage in a select group of agricultural products after the United States removed several items from its reciprocal tariff list, the Global Trade Research Initiative (GTRI) has said in a new analysis.A White House Executive Order issued on November 12 exempted coffee, tea, tropical fruits, fruit juices, cocoa, spices,…
India’s gems and jewellery exports fell sharply in October, sliding 30.57% to $2.17 billion (Rs 19,172.89 crore) compared to the same month last year, according to data released by the Gems and Jewellery Export Promotion Council (GJEPC), PTI reported.Exports in October 2024 had stood at $3.12 billion (Rs 26,237.1 crore).GJEPC chairman Kirit Bhansali said the…
Commerce and industry minister Piyush Goyal has indicated that India is keeping every option open as it looks at the possibility of restarting free trade agreement (FTA) talks with Canada. His comments follow a fresh round of ministerial interactions aimed at lifting bilateral engagement. “All options open…” Piyush Goyal on ongoing India-Canada talks after two…
Infosys announced its latest round of performance-linked payouts for the September quarter, issuing bonus letters on Friday to employees across several job levels. The Bengaluru based company, which is also India’s second-largest in the IT sector, has granted an average bonus of 75% of the eligible or target amount for the period. Employees told ET…