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NEW DELHI: India is set to sign an agreement with Iran to manage Chabahar Port for the next 10 years. The move, in the midst of hectic election season, is regarded as a significant geopolitical outreach to Iran that will have major regional ramifications. ET has reliably learnt that...
MUMBAI: A brush with the harsh Black Money law can sometimes be an unwanted consequence of employee stock ownership plan (Esop) offered by overseas companies. A number of resident individuals working in Indian subsidiaries and arms of offshore parents have recently received notices from the income tax (I-T) department,...
NEW DELHI: Private sector capital expenditure is likely to see a gradual expansion amid expectations of high growth though geopolitical uncertainties and tepid consumption remain a concern, say economists. CII’s business confidence index touched a 12-quarter high in Q4FY24, with 51% of firms expecting capacity utilisation of 75% and...
NEW DELHI: The Asian Development Bank (ADB) will complete by August-September its study on the infrastructure required to meet the demand for movement of higher volumes of goods as the country aims to more than double its exports in the next six years. The study will pinpoint geographies and...
NEW DELHI: Large public sector companies have spent a little over Rs 50,200 crore towards capital expenditure in April FY25 alone, which is 6.46 per cent of their full fiscal target of Rs 7.77 lakh crore, an official said. The pace albeit is slower than Rs 54,177 crore capex...
NEW DELHI: Senior officials of India and the 10-nation bloc of Southeast Asian nations —ASEAN — will hold the next round of talks in July to review the existing free trade agreement in Jakarta, Indonesia, an official statement said on Sunday. The last round of the three-day negotiations concluded...
NEW DELHI: China has emerged as the largest trading partner of India with USD 118.4 billion two-way commerce in 2023-24, slightly edging past the US, according to the data of economic think tank GTRI. The bilateral trade between India and the US stood at USD 118.3 billion in 2023-24....
NEW DELHI: Stock markets will be driven by domestic inflation data, ongoing quarterly earnings from corporates and global trends this week, analysts said. News flows around the general election would also be tracked by investors, market experts said. Besides, investors would also take cues from the trading activity of...
NEW DELHI: A study to assess required infrastructure and identify main industry clusters for achieving the USD 1 trillion merchandise exports target by 2030 may be submitted by August-September to the commerce ministry, an official said. The official said that the Asian Development Bank (ADB) is doing that study...
NEW DELHI: Gold Exchange Traded Fund (ETF) witness a net outflow of Rs 396 crore last month, making it the first withdrawal after March 2023, owing to profit booking. Despite the decline, the asset under management (AUM) of gold funds rose 5 per cent to Rs 32,789 crore at...