RBI directs banks to reduce speculative trading against rupee: Report
Nov 23, 2024, at 07:29 pm
Mumbai/IBNS: In a rare intervention, the Reserve Bank of India (RBI) directed certain banks on Friday (Nov. 22) to reduce their long positions in the dollar-rupee trade to counter speculative activities affecting the rupee, which has fallen to an all-time low, Reuters reported, citing its sources.
Byju Raveendran accused of trying to regain firm with hidden cash
Nov 21, 2024, at 08:23 pm
Bengaluru/IBNS: Byju Raveendran, the founder of the bankrupt Indian edtech company Byju’s, allegedly attempted to use hidden loan funds to secretly buy back a US-based software company under the control of an American trustee, according to new court filings.
Bitcoin surges past $97,000 for the first time amid optimism over Trump’s crypto-friendly policies
Nov 21, 2024, at 07:09 pm
New York/IBNS: Bitcoin reached an all-time high of $97,628 on Thursday (Nov. 21), fueled by expectations of a favourable regulatory environment for cryptocurrencies under President-elect Donald Trump.
Adani Group stocks plunge up to 20% after Gautam Adani charged with bribery and fraud in the US
Nov 21, 2024, at 06:22 pm
Mumbai/IBNS: Shares of Adani Group companies plummeted by up to 20 percent on Thursday (Nov. 21) following allegations against Gautam Adani and seven others in the United States for orchestrating a multibillion-dollar bribery and fraud scheme.
Bitcoin soars past $94,000, hits record all-time high
Nov 20, 2024, at 06:08 pm
New York/IBNS: Bitcoin has surpassed the $94,000 mark for the first time, achieving a record all-time high, fueled by reports of potential crypto-friendly moves under US President-elect Donald Trump.
India may consider lowering tariffs on goods that don't impact domestic industry: Sitharaman
Nov 13, 2024, at 02:51 am
New Delhi: In response to U.S. President-elect Donald Trump’s recent remarks labelling India as the ‘biggest’ imposer of import tariffs, Finance Minister Nirmala Sitharaman indicated on Tuesday that she may reconsider increased tariffs on goods that do not impact the domestic industry, media reports said.
India set to benefit from Trump's possible tariff hike on Chinese imports: Report
Nov 09, 2024, at 09:44 pm
New Delhi/IBNS: After Donald Trump's win in the US presidential election, a report from CareEdge suggests that India might gain from shifts in global trade if Trump proceeds with plans to impose hefty tariffs on Chinese imports.
Global oil prices shoot up for third consecutive day amid escalating Middle East conflicts
Oct 03, 2024, at 08:38 pm
New York/IBNS: Escalating tensions between Israel and Iran in the Middle East have driven global crude oil prices upward, and the situation could worsen following Iran's launch of around 180 ballistic missiles at Israel in response to the deaths of Hamas, Hezbollah, and Iranian military leaders.
Ship queue increases at major US ports as dockworkers' strike enters third day
Oct 03, 2024, at 08:18 pm
New York/IBNS: A growing number of container ships were lined up outside major ports in the United States on Thursday (Oct. 1) as the largest dockworker strike in nearly 50 years entered its third day, disrupting cargo unloading and threatening shortages of goods ranging from bananas to auto parts, media reports said.
Intel and US set to finalize $8.5 billion chip funding deal by 2024 end: Report
Sep 27, 2024, at 06:05 pm
California/IBNS: Intel and the US government are expected to finalize $8.5 billion in direct funding for the chipmaker by the end of the year, the Financial Times reported, citing sources familiar with the matter.
India surpasses China in world's largest investable stock index
Sep 19, 2024, at 07:51 pm
New Delhi/IBNS: India has surpassed China in its weighting within one of the world’s largest stock market benchmarks, as increased share sales and liquidity make Indian companies more accessible to global investors, reports Financial Times.
Coal India to explore lithium blocks in Argentina in collab with US company: Report
Jun 18, 2024, at 10:22 pm
New Delhi: State-owned Coal India Ltd is exploring lithium blocks in Argentina in collaboration with a US company to secure supplies of this crucial battery material, reported Reuters.
Ambassador Eric Garcetti says US investing $3.8 bn to meet India's renewable energy, infra goals
May 24, 2024, at 08:20 pm
US Ambassador Eric Garcetti said the United States International Development Finance Corporation is planning to invest $3.8 billion to meet India's renewable energy and infrastructure goals.
US inflation eases, grows by 0.3% in April, core CPI also cools
May 16, 2024, at 04:55 am
Washington: US inflation showed signs of easing as the growth was less than anticipated, indicating a continuation of its downward trajectory at the beginning of the second quarter.
China surpasses US to become India's largest trading partner in FY24: Reports
May 13, 2024, at 09:56 pm
New Delhi/IBNS: Replacing the United States, China has become the largest trading partner of India for the fiscal year 2023-24, reports said.
The Body Shop ceases US operations, shuts down several stores in Canada
Mar 11, 2024, at 08:48 pm
UK-based cosmetic brand The Body Shop, which recently filed for bankruptcy, will cease its operation in the US and will shut down several stores in Canada.
APEDA facilitates India’s first commercial trial shipment of Sangola pomegranates to the US via sea
Mar 02, 2024, at 08:12 am
New Delhi: India successfully flagged off its first commercial trial shipment of pomegranates to the United States via sea on Wednesday.
Waaree completes 50MW solar module supply to a USA firm
Dec 22, 2023, at 11:29 pm
Indian solar panel manufacturing firm WAAREE Energies ltd on Thursday said it has completed the timely delivery of 50 MW Solar modules Fortune 500 Company, in USA.
Dec 15, 2023, at 06:07 am
Kolkata: Seventeen start-ups from India, Nepal, Bhutan and Bangladesh are participating in a three-day workshop organised by the U.S. Consulate General Kolkata and KIIT-Technology Business Incubator (KIIT-TBI) here on Wednesday.
Commerce and Industry Minister Piyush Goyal to visit US from Nov 13-16 for IPEF ministerial meet
Nov 11, 2023, at 07:10 am
New Delhi: Commerce and Industry Minister Piyush Goyal is scheduled to visit San Francisco from November 13-16 to take part in the ministerial meeting of the Indo-Pacific Economic Framework (IPEF).
US invests $553 million in Adani port in Sri Lanka amid growing Chinese influence
Nov 09, 2023, at 06:36 am
Colombo: U.S. International Development Finance Corporation (DFC) has announced a funding of $553 million in Colombo West International Terminal Pvt. Ltd. (CWIT) – a consortium of India's largest port operator Adani Ports and SEZ Ltd., Sri Lanka's leading enterprise John Keells Holdings (JKH) and the Sri Lanka Ports Authority.
'Washington Moment': When Mukesh Ambani and Anand Mahindra waited for Uber ride in the US
Jun 29, 2023, at 05:52 pm
Top industrialists, Reliance Industries chairman and MD Mukesh Ambani and Mahindra and Mahindra chairman Anand Mahindra, were a part of the Indian business delegation to the United States during Prime Minister Narendra Modi's historic America tour.
India, US resolve 6 out 7 WTO disputes through discussions amid PM Modi's State visit to the US
Jun 24, 2023, at 02:58 am
New Delhi: India and the US successfully resolved six out of seven disputes at the World Trade Organization (WTO) through bilateral discussions during Prime Minister Narendra Modi's State visit to the US, according to Commerce Minister Piyush Goyal.
US reaches debt ceiling deal amid a looming financial crisis
May 29, 2023, at 03:34 am
Washington: As the US faces a potential debt default, President Joe Biden and his Republican opponents have reached an in-principle agreement to raise the US debt ceiling to avert a default, media reports said.
Embattled SVB Financial Group seeks protection from bankruptcy: Report
Mar 18, 2023, at 02:40 am
SVB Financial Group on Friday said it has applied for court-monitored restructuring under Chapter 11 bankruptcy protection to find potential buyers for its assets, Reuters reported.
Mar 13, 2023, at 01:23 pm
There will be no bail out for investors of the now-collapsed Silicon Valley Bank (SVB) that recently appeared in Forbes magazine's annual ranking of the best banks in America, for the fifth year in a row, according to media reports.
Indigenous Koo launched in the US, first market outside India
Nov 18, 2022, at 07:43 pm
In its first market outside India, indigenous Koo, which is seen as an alternative to Twitter, has been launched in the United States.
India can purchase as much Russian oil it wants, above price cap: US Treasury secy Janet Yellen
Nov 14, 2022, at 11:29 pm
New Delhi/IBNS: The US is happy for India to continue buying as much Russian oil as it wants, till it steers clear of Western Insurance, finance and maritime services, bound by the cap, US Treasury Secretary Janet Yellen said Friday as per a Reuters report.
Nov 13, 2022, at 11:30 pm
New Delhi: U.S. Treasury Secretary Janet Yellen has said her nation is keen to further deepen economic and trade links with India under its ‘friendshoring’ approach in a bid to reduce supply chain dependence on countries like China.
Central banks across the world have a tough role ahead: Deepak Parekh
Nov 05, 2022, at 01:48 am
Kolkata/IBNS: Global growth which was 6.1 percent last year is estimated to fall by half to 3.2 percent in 2022, said HDFC Chairman Deepak Parekh.