Business

India-New Zealand FTA: The India-New Zealand trade deal or Free Trade Agreement signed on Monday has been called a ‘once-in-a-generation’ trade pact. For one, it gives Indian exporters duty-free or zero duty access to all exports. The implementation of the trade deal is now contingent on New Zealand Parliament’s approval, and in the case of…

The last meeting between US President Donald Trump and Chinese President Xi Jinping ended on a positive note. Trump had rated the summit a “12 out of 10”, and White House said China would “effectively eliminate” rare earth export controls and stop retaliatory actions against American firms.However, recent developments suggest that Beijing has altered its…

South Korea’s stock markets scaled a historic peak on Monday, as the total valuation of listed companies moved past the 6,000 trillion won ($4.1 trillion) mark for the first time during trading hours. According to figures cited by The Korea Herald, based on data from the Korea Exchange, the combined market capitalisation of domestic bourses…

Infosys is no longer enjoying the strong investor confidence that it once did. This year, the IT giant, long seen as one of Dalal Street’s reliable compounders, has come under heavy pressure. The company fallen out of India’s top 10 most valued companies, after seeing a wipe out of more than Rs 2 lakh crore…

Gold prices declined in futures trade on Monday, tracking weak global cues and softer spot demand. The fall comes even as retail prices across major Indian cities showed a mixed trend, with some markets seeing marginal gains while others remained flat.On the Multi Commodity Exchange (MCX), gold contracts for June delivery fell by Rs 349,…

India is lining up major fertiliser imports ahead of the upcoming kharif season as global prices have almost doubled due the ongoing Middle East crisis, pushing import bill higher. The government on Monday said that it plans to import 64 lakh tonnes of urea and 19 lakh tonnes of other fertilisers, even as domestic availability…

Ongoing crisis in the Middle East has strained global energy supplies, but availability within the country continues to remain steady, the government has assured. Addressing a ministerial briefing, Aparna Sharma, additional secretary in the department of fertilizers, said, “The fertiliser availability remains robust, and the supplies continue to exceed the requirement. The department of fertilizers…

As the United States continues to tighten its blockade on Iranian oil flows, Tehran is repeatedly scrambling to manage excess crude, with its key export hub Kharg Island rapidly approaching storage limits.Tehran is now reportedly moving to expand crude storage at Kharg Island by reactivating the 30-year-old crude carrier M/T Nasha, signalling mounting pressure on…

Hengli represents a far more significant target. It is one of China’s most advanced private refiners. (AI image) The Donald Trump administration’s step to sanction one of China’s largest privately owned refiners over its links to Iran will have implications beyond oil! China has for years remained the largest buyer of Iranian crude, much of…

SkyHop Aviation founder & CEO Avani Singh NEW DELHI: After some fits and starts in the past, India will again see seaplane services. The Directorate General of Civil Aviation (DGCA) has granted air operator certificate (AOC or licence) to SkyHop Aviation which plans to become India’s first dedicated commercial seaplane operator.In the first phase, SkyHop…