File photo (Picture credit: AP) Asian markets traded mixed on Tuesday as investors weighed fresh hopes of possible US-Iran peace talks against lingering geopolitical risks and elevated oil prices, while technology shares lent support to key regional indices.Tokyo’s Nikkei 225 rose 1.1 per cent to 59,485.54, driven by strong gains in technology counters. As per…
MUMBAI: RBI governor Sanjay Malhotra has indicated that capital account liberalisation cannot come at the cost of macroeconomic sovereignty. He said that while some regard this as conservatism, he sees it as prudence.Highlighting some of the prudent measures taken by RBI in the past, Malhotra said that there were controls on the capital account for…
MUMBAI: RBI on Monday partially unwound emergency curbs on rupee derivatives, signalling a shift from firefighting to restoring normal market function after a spell of currency volatility.The central bank withdrew its April 1 directive, which had barred banks from offering non-deliverable forwards (NDFs)—offshore rupee derivatives settled in foreign currency—and prevented users from rebooking cancelled forward…
The US government launched a portal Monday to refund more than $166 billion in revenue from tariffs imposed by President Donald Trump and struck down by the Supreme Court.In February, the conservative-majority high court ruled against a swath of Trump’s tariffs. The decision marked a stinging rebuke of his key economic policy and opened the…
Air India is beginning a makeover of its older planes, rolling out upgraded cabins on older aircraft, inducting new planes, and introducing premium airport lounges as part of a broader push to strengthen revenue and return to profitability. The airline is now shifting its focus on high-value passengers to improve earnings and move back towards…
Ongoing conflict in the Middle East might have a direct impact on India’s economy. According to NITI Aayog, the Iran war poses risks to New Delhi’s trade and macroeconomic landscape, putting pressure on the current account deficit (CAD) and the exchange rate. In its quarterly report Trade Watch Oct–Dec (Q3) FY 2025-26, released on Monday,…
India and the United States are set to resume trade talks this week, taking a “great step to finalize” the proposed agreement. Taking to social media platform X, US Ambassador to India Sergio Gor said “The Indian trade delegation will be arriving in Washington this week. A great step to finalize our bilateral trade deal….
US stocks today: Wall Street fell in red on Monday, as uncertainty over the Middle East conflict intensified after Iran’s closure of the Strait of Hormuz after a brief reopening. Dow Jones dipped 10 points to 49,437 while Nasdaq tumbled 100 before recovering to 54 points or 0.2% to 24,413. S&P 500 was also down,…
NEW DELHI: Government may hike the foreign direct investment (FDI) limit in the pension sector to up to 100% and a Bill in this regard is expected in the next Parliament session, according to sources. This would align with the insurance sector where up to 100% FDI is permitted.Last year, Parliament approved a Bill to…
MUMBAI: Tata Trusts is moving the charity commissioner to dismantle a century-old provision barring non-Zoroastrians from serving as trustees of the Bai Hirabai Jamsetji Tata Navsari Charitable Institution.The decision was taken at the board meeting held last Friday. Tata Trusts said the trustees decided to seek alteration of restrictive clauses governing trustee eligibility “to correct…
