Business
China Deploys Soybeans in Trade War, But May Hit Own Foot
The world's top importer of the oilseed will impose the tariffs on soybeans and 105 other U.S. products, state broadcaster CCTV said on Wednesday, an expected retaliation following Washington's aggressive trade actions.
Jet Airways Stock Rises 3% on Aircraft Pact
In a regulatory filing on Tuesday Jet Airways said it had entered an agreement with Boeing for buying 75 B-737 Max aircraft, as it looks to strengthen presence in the fast growing domestic aviation market.
Asia's Cryptocurrency Arbitrage Boom Fizzles, But Profits Persist
Bitcoin arbitrage thrived last year as the cryptocurrency grew more volatile and some governments stepped in with rules to curtail trading.
IL&FS Transportation Directors Approve Plan to Raise Rs 175 Crore via NCDs
IL&FS Transportation Networks Limited (IL&FS Transportation) is a market leader in the transport infrastructure sector with presence also in metro rail, city bus services and border check-posts.
Major Delhi Markets Shut as Traders Down Shutters Against Sealing
A large number of traders, their family members and employees gathered at the Ramlila grounds to participate in a mega rally to mark their protest at the attack on their livelihoods, trade association leaders said.
GlaxoSmithKline Buys Novartis Stake in Consumer Healthcare Venture for $13 billion
GSK last week quit the race to buy Pfizer's consumer healthcare business, endangering an auction the U.S. drugmaker hoped would bring in as much as $20 billion.
Once Hot Favourite, India Bonds Lose Their Charm for Foreign Investors
With only three trading sessions left in March, foreign investors have sold a net $1.12 billion in Indian debt, the strongest monthly outflow since December 2016, and are now on the verge of turning net sellers for the year so far.
India to Negotiate FTA with AfCFTA: Suresh Prabhu
In his address at the inaugural session of the 13th CII-Exim Bank Conclave on "India-Africa Project Partnership", he said the current bilateral trade between India and Africa of $53 billion was "far below potential and efforts needed to be made to step up...
Punjab Brings New Tax For Salaried Class, Budget Focuses on Fiscal Consolidation
The budget's key focus areas remained agriculture and farmer welfare, industry, health, employees and students.
Current Account Deficit May Treble to $10-12 Billion in Q4 on Higher Trade Deficit: Report
The current account deficit had increased to USD 13.5 billion, or 2 per cent of the gross domestic product (GDP) in the third quarter as well, against USD 8 billion, or 1.4 per cent of GDP in the same year-ago period.
Kumar Mangalam Birla to be Chairman of Merged Vodafone-Idea Entity
Announcing the top deck for the merged entity, a regulatory filing by Idea Cellular said that Balesh Sharma (currently Chief Operating Officer of Vodafone India) will be the CEO.
WTO Member Nations Say US Actions Threaten Trade Body's Credibility
Though, Union Commerce Minister Suresh Prabhu did not refer to the United States by name, WTO Director General Roberto Azevedo said the recent unilateral trade measures have the potential to escalate tensions and called for a united front to respond to th...
News18 Rising India Summit: We've Taken 'Atithi Devo Bhava' Too Seriously, Says MakeMyTrip CEO
The startup CEO also expressed concerns about India stagnating itself to IT giants and not making progress on the manufacturing front.
Diamond Industry Down in the Dumps Post Nirav Modi Scam: Assocham Study
While the well-known branded jewellery makers issue certificates of purity, bulk of the trade is still concentrated in the unorganised market, which is based on faith between consumers and jewellers, a survey by industry body Assocham said.
Row Over Subsidies Not the Beginning of Trade War with US, Says Government
The United States on Wednesday launched a challenge to Indian export subsidies at the World Trade Organization, saying they hurt US companies by letting Indian exporters sell goods more cheaply.
India Growth Story Credible, GDP to Grow at 7.3% in FY19: World Bank
The World Bank report further said that accelerating the growth rate will also require continued integration into global economy. It pitches for making growth more inclusive and enhancing the effectiveness of the Indian public sector.