Indian exports to Iran declined from $3.5 billion in FY2019 to $1.2 billion in FY2026. Launching an ‘economic onslaught’ on Iran, US Treasury Secretary Scott Bessent said that President Donald Trump is making phone calls to world leaders with specific requests to stop all interactions with Iran.The move comes amid the ongoing US-Iran conflict which…
Iran blacklists 45 tankers over Strait of Hormuz rules amid fresh US sanctions threat Iran has blacklisted 45 tankers for allegedly violating its rules for crossing the Strait of Hormuz and warned that vessels conducting ship-to-ship transfers with them could also face action, escalating tensions over the key waterway nearly six months into the war.The…
Infosys employees are now awaiting details on the annual salary revisions. Infosys, India’s second largest IT services major, has reportedly awarded its eligible employees an average performance bonus of 70% for the April-June quarter. While the average payout is similar to the last quarter, it is around 10 percentage points lower than what was awarded…
Technology stocks led the losses after experiencing sharp swings over the summer. US stock market today: Wall Street indices were subdued on Monday as investors looked ahead to a week filled with events that could have a significant impact on markets. Meanwhile, the parts of the bond market that the US Treasury Department is seeking…
ISMA says India has enough stocks, expects prices to cool down soon India does not have a sugar shortage, industry body ISMA said on Monday, soothing concerns over the sweetner’s supplies amid a recent rise in retail prices. The industry body also expects sugar prices to come down in the comingIndian Sugar Mills Association president…
Instant payments network grows from 1.78 crore annual transactions to 24,162 crore Ten years ago, instant digital payments through a common platform were just taking off in India. Today, the Unified Payments Interface (UPI) processes more than 66 crore transactions every day, becoming a central part of the country’s digital payments ecosystem.Launched on August 25,…
Iranian currency sinks to record low as US works on new sanctions Iran’s rial hit rock bottom on Monday, falling to a record low as Washington prepared what it called an “economic D-Day”. The fresh sanctions are set to pile more pressure on an economy already battered by existing restrictions and a US naval blockade.The…
India has generally relied on long-term LNG contracts with Qatar, the world’s second largest supplier of the fuel. Middle East war impact: The ongoing marine traffic disruptions in the Strait of Hormuz due to the US-Iran conflict are forcing India’s energy majors to purchase liquified natural gas or LNG at some of the highest prices…
Piyush Goyal is heading a business delegation of more than 200 representatives in Japan. Continuing with its push for free trade agreements (FTAs), India is currently negotiating with at least 8-9 additional groups of countries and individual nations. This together represents another $15 trillion in GDP, Commerce and Industry Minister Piyush Goyal said on Monday.He…
The Court restored the orders passed by the authorities under the Senior Citizens Act directing the eviction of the appellant’s son and daughter-in-law. The Supreme Court has held that tribunals constituted under the Maintenance and Welfare of Parents and Senior Citizens Act, 2007 can order eviction of children or other occupants from a senior citizen’s…
