The Department of Fertilisers (DoF) has issued an Invitation for Expression of Interest (EOI) for setting up Green Urea plants and recently held a high-level pre-EOI meeting. The Centre has drawn up a roadmap to kickstart Green Urea production in India, proposing annual procurement of 7.24 lakh metric tonnes (MT) of Green Ammonia under the…
The Middle East conflict had triggered concerns across global markets as tensions around the Strait of Hormuz threatened energy supplies and raised fears of slower economic growth. However, with the US and Iran reaching a ceasefire and energy markets showing signs of stabilisation, the outlook has improved.Crisil Ratings now expects the impact on corporate India’s…
Bessent said tariff rates could revert to their earlier levels if the ongoing Section 301 investigations lead to the imposition of new duties. (AI image) US Treasury Secretary Scott Bessent’s latest warning of additional tariffs under Section 301 comes at a time when US Trade Representative Jamieson Greer was in India this week.Greer met Commerce…
If there is one consistent feature of India-US trade relations over the past three decades, it is that major agreements rarely emerge from a single round of negotiations. (AI image) By Shishir Priyadarshi, President, Chintan Research Foundation (CRF) & a former Director, WTOThe trade discussions between US Trade Representative Jamieson Greer and Commerce Minister Piyush…
The long choked Strait of Hormuz is finally seeing business with supplies from Qatar entering the market for the first time since the war broke out. After being mostly quiet during the conflict, oil flows are picking up again as Gulf countries restart crude exports. This comes as regional activity improves and talks between the…
Market participants said the tax relief has also strengthened expectations that Indian government bonds could find a place in Bloomberg’s Global Aggregate Index. (AI image) The government and RBI’s steps to attract capital inflows seems to be yielding results with foreign investors pouring in a record Rs 39,640 crore, or around $4.2 billion, in Indian…
Sensex Today Live: ‘Positive momentum likely’ “Indian equities are expected to regain their positive momentum, supported by renewed buying interest and lower energy prices. Brent crude is at near four-month levels, as vessel movement through the Strait of Hormuz is witnessing steady improvement. Additionally, the southwest monsoon has resumed its advance across the country, improving…
What began as a crypto heist operated from North Korea spiralled into a web of transactions linked to Iran’s central bank!The trail started with investigators tracking the movement of the $1.5 billion stolen from Bybit across the crypto ecosystem. Along the way, they found two wallets linked to the Central Bank of Iran, before the…
AI generated image, used only for representational purpose Crude oil prices edged lower on Friday as concerns over supply disruptions eased with more oil tankers moving through the Strait of Hormuz. Around 7 am IST, Brent crude was trading at $74.95 a barrel, down 31 cents or 0.41%, while US West Texas Intermediate (WTI) crude…
The trend sends a signal that global corporations increasingly view India as a major long-term growth market. (AI image) Global majors are lining up billions of dollars worth investment in India despite the global economic uncertainty around war and trade policies. Recent announcements by tech giants and other global companies indicate the rising importance of…