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India on Sunday signed a trade and economic partnership agreement with the European Free Trade Association (EFTA) – a grouping of Switzerland, Norway, Liechtenstein and Iceland – that includes a binding $100-billion investment commitment. As part of the Trade and Economic Partnership Agreement (TEPA), EFTA has committed to promote...
NEW DELHI: The Centre may a draw up a comprehensive scheme to provide concessional capital support to the tune of Rs 1 trillion to private sector to encourage them to adopt indigenous deep-tech and cutting-edge technologies in defence, energy and electronics. The scheme, to be run for an initial...
While Tata Sons’ initial public offer (IPO) has been in focus for the past week, but there are five other companies who also have to launch their offers in slightly-over one year. These include companies like Bajaj Housing Finance and five other shadow banks including Piramal Capital and Housing...
NEW DELHI: Fast-moving consumer goods (FMCG) companies may hike prices by 2-3% by the second half of 2024-25, led by volatile commodity prices, notably of food and crude oil, and wage inflation. Small, calibrated price hikes may also boost price-led growth, which has been flat to negative for most...
MUMBAI: Nearly 665 million Indians or 45 per cent of the rural population did not have access to the internet as of 2023. Difficulty in understanding internet procedures, insufficient awareness of its benefits, and a lack of interest have emerged as the top reasons for a gap in internet...
NEW DELHI: The income tax department on Sunday said it has started sending emails and SMSs to assessees whose taxes paid during the current fiscal are not commensurate with financial transactions. The department is undertaking an e-campaign, which aims to inform such persons/entities of significant financial transactions, through email...
NEW DELHI: Many developed and developing countries including Bangladesh, Sri Lanka, and nations of the Gulf region are keen to start trade in rupee with India as it would help cut transaction costs for businesses, Commerce and Industry Minister Piyush Goyal has said. He expressed confidence that the development...
NEW DELHI: Premium spirits and wine importers’ body ISWAI has urged state governments to implement an inflation-based pricing model, highlighting that industry margins have shrunk due to a rise in raw material costs. As the cost of raw materials used to produce alcohol has gone up substantially and theP...
NEW DELHI: After delivering back-to-back innovations in fuel grades, Indian Oil Corporation (IOC) has now set sight on the Grand Prix and will in next three months start producing fuel used in adrenaline-pumping Formula One or F1, motor racing. The firm’s refinery at Paradip in Odisha will in three...
NEW DELHI: The combined market valuation of seven of the top-10 most valued firms climbed Rs 71,301.34 crore in the holiday-shortened last week, with Bharti Airtel emerging as the lead gainer. In a record-breaking rally last week, the BSE benchmark climbed 374.04 points or 0.50 per cent. Stock markets...