President Donald Trump on Friday said he would like to keep his top economic adviser, Kevin Hassett, at the White House rather than potentially nominate him to replace Jerome Powell as chair of the Federal Reserve. “I actually want to keep you where you are, if you want to know the truth,” Trump said at…
Brazilian President Luiz Inacio Lula da Silva and European Commission President Ursula von der Leyen on Friday celebrated the expected signing of the free trade agreement between the EU and four South American countries the following day at a ceremony that Lula will not attend. This is the first major trade agreement for Mercosur, which…
NEW DELHI: Ambassador of Italy to India, Antonio Bartoli, emphasised the “reliable” partnership between Rome and New Delhi and said it will be further enhanced by the conclusion of the European Union-Indian Free Trade Agreement. Speaking with ANI, Antonio Bartoli said Europe provides many advantages in the current era of “geopolitical turmoil.”“In an era of…
AMARAVATI: A $10-billion green hydrogen and green ammonia project at the port city of Kakinada in Andhra Pradesh is set to reach a key construction milestone with its first major equipment erection ceremony, underscoring India’s push to emerge as a supplier of green energy to global markets including Germany, Japan and Singapore. The first major…
MUMBAI: RBI is stepping up efforts to promote internationalisation of the Indian rupee by amending foreign trade rules to allow exporters more time to realise export proceeds when transactions are invoiced and settled in rupees, signalling a clear policy preference for Indian rupee-denominated trade.Under the revised 2026 regulations, exporters invoicing in foreign currency will continue…
BENGALURU : The implementation of the new labour code has led to significant one-time charges across India’s top IT companies, reflecting increased gratuity and leave liabilities. TCS took the largest hit at Rs 2,128 crore, followed by Infosys at Rs 1,289 crore, HCLTech at Rs 956 crore, Wipro at Rs 302 crore, and Tech Mahindra…
BENGALURU: With just 17 net hires in the first nine months of the 2025-26 financial year, India’s top five IT companies eased off the hiring throttle and moved firmly into caution mode. The muted performance marked a sharp contrast to the 17,764 net additions recorded during the same period last year, highlighting how the hiring…
MUMBAI: Sebi chairman Tuhin Kanta Pandey on Friday said the regulator is working towards introducing a series of reforms in the capital markets, including some that would make it easier for foreign investors to invest in India. The Sebi chief also said that the regulator was working on a plan to introduce a closing auction…
Piyush Goyal (File photo) Piyush Goyal (File photo) Piyush Goyal (File photo) NEW DELHI: Commerce and industry minister Piyush Goyal on Friday said the free trade agreement between India and EU, where negotiations are in the final phase, will be the “mother of all deals” signed by the country so far.“I have done seven deals…
India’s market regulator Sebi has approved a major change in how closing stock prices are discovered, moving away from the existing volume-weighted average price method to an auction-based system aimed at improving transparency, fairness and execution quality at the market close.The new framework, called the Closing Auction Session (CAS), will be rolled out in phases…
