US-Iran war hits Indian carriers harder as international passenger traffic falls 26% NEW DELHI: The US-Iran war’s impact on international air travel globally has, from an Indian perspective, hit homegrown carriers harder than foreign ones.While people flying in and out of India fell 10.5% to 1.7 crore during April-June, the traditional peak summer quarter, Indian…
Brent crude continues to rise amid Hormuz disruption Oil prices remained close to recent highs, above the $90 per barrel mark in early trade on Thursday as investors assessed uncertainty surrounding the US-Iran war and the shipping status through the Strait of Hormuz.Around 7:30 am IST, WTI crude was trading at $84.66 a barrel, up…
The bond market remains at the heart of the recent market turbulence. US stock market today: Wall Street benchmarks retreated on Thursday as a rise in oil prices renewed concerns about inflation and pushed bond yields higher. This reversed some of the relief that followed the US Treasury Department’s announcement a day earlier. The US…
Domestic solar cell supply shortage short term, market set to realign soon India’s shortage of domestically made solar cells is expected to ease as manufacturers increase production to meet local-content rules, industry players have said. At present, the country has around 32 GW of solar cell manufacturing capacity and is expected to rise to around…
The move could also help broaden the international use of the rupee. In a bid to push for greater adoption of rupee for trade settlement purposes, the government on Thursday revised parts of the Foreign Trade Policy to give exporters greater flexibility to invoice overseas transactions and receive export proceeds in Indian rupees.The changes apply…
Alongside the import decision, the government has introduced tighter restrictions on sugar inventories held by large consumers. India has allowed duty-free imports of 1 million metric tons of raw sugar until October 31, the commerce ministry said on Thursday, as the government moves to boost domestic supplies and contain record prices ahead of the country’s…
The H-1B visa route is becoming more selective, compliance-intensive, and less forgiving. Has the Donald Trump administration effectively killed the H-1B visa dream? Frequent policy changes, increasing restrictions and selective picking – the H-1B visa path for Indian professionals is becoming tougher to navigate – with unpredictability serving as the biggest obstruction.H-1B visas have long…
MUMBAI: Within hours of Sebi chairman Tuhin Kanta Pandey warning market players about strict regulatory actions against any manipulation with the recently introduced Closing Auction Session (CAS), the regulator late Wednesday banned Copthall Mauritius Investments, a foreign fund from the market till further orders and impounded nearly Rs 3 crore.Sebi alleged that Copthall Mauritius had,…
NSE shares may trade on its platform under ‘permitted-to-trade’ route NSE could soon have its own shares trading on its platform, even as they are already listed on another stock exchange first. The exchange may not need a separate Sebi approval to do this, as the move could come under its existing ‘permitted-to-trade’ system, an…
NEW DELHI: Uneven demand, commodity price volatility, trade related uncertainty due to heightened geopolitical tensions and cheap imports are impacting capex decisions of the corporate sector as the investment confidence is still “catching up”, said a paper prepared for the two-day banking conclave this week, which was attended by FM Nirmala Sitharaman.“Large capital projects require…
