ONGC and Oil India are key beneficiaries if Brent price remains elevated above USD 70/bbl as their CMP is discounting ~USD 65/bbl net crude realisation amidst low risk of windfall tax, said analysts. Shares of Indian upstream oil companies rallied up to 4 per cent on the BSE in Tuesday’s intra-day trade. Individually, Oil…
The agreement, concluded in December, will see New Zealand eliminate duties on all Indian exports, while India will reduce tariffs on 95 per cent of imports from the South Pacific nation India and New Zealand on Monday signed a free-trade agreement (FTA) that significantly lowers tariffs on goods, expands market access, and eases entry for…
Nifty IT index has plunged 21% in February so far, and is poised for its worst monthly performance in nearly 23 years. This has also weighed on the performance of the Indian stock market’s benchmark index, as the IT companies command over 10% weightage. IT stocks witnessed a breather on Wednesday, February 25, in an…
US Ambassador Sergio Gor took charge in Delhi, saying India and the US remain actively engaged on trade talks, with the next call expected soon. Newly appointed US Ambassador Sergio Gor said India and the US remain actively engaged on trade, with the next round of talks expected shortly. US Ambassador to India Sergio…
Quick commerce now accounts for nearly half of Eternal’s annualised net order value (NOV), with Blinkit surpassing food delivery on key metrics. In a significant milestone for Eternal, quick commerce platform Blinkit has overtaken the company’s food delivery business (formerly Zomato) in both gross and net order value for the first time in the June…
New trade penalties against Canada, Mexico and China that President Donald Trump plans to impose Saturday represent an aggressive early move against America’s three largest trading partners, but at the risk of higher inflation and possible disruptions to the global economy. In Trump’s view, the 25 per cent tariffs against the two North American allies…