India protecting exports amid US tariff threat Nirmala Sitharaman has acknowledged the potential impacts of US tariffs on India, emphasizing the need for strategic measures to safeguard the country’s exports. She highlighted concerns over trade restrictions and their possible consequences on Indian industries. Meanwhile, Commerce and Industry Minister Piyush Goyal is actively engaging in discussions […]
Saudi Arabia discovered oil 87 years ago today. Eighty-seven years ago, Saudi Arabia struck oil, a discovery that would transform the nation’s destiny. The first commercial oil well, Dammam No. 7, was struck in 1938, marking the beginning of the country’s rise as a global energy powerhouse. The newfound wealth from oil exports revolutionized Saudi
Tuhin Pandey Revenue Secretary named SEBI chief Revenue Secretary Tuhin Pandey Appointed SEBI Chief, Replacing Madhabi Puri Buch New Delhi: Revenue Secretary Tuhin Kanta Pandey has been appointed as the new chairperson of the Securities and Exchange Board of India (SEBI). He will take over from Madhabi Puri Buch, whose three-year tenure as SEBI chief
MrBeast rents pyramids; plans remain unclear. YouTube sensation MrBeast has once again captivated the internet with a bold new project, this time involving the ancient Pyramids of Egypt. Describing the series as something “never seen before,” MrBeast promised an exciting blend of intense competition and unexpected twists, a hallmark of his wildly popular videos. While
Rupee hits all-time low of 85.12. Following the US Federal Reserve’s recent decision, the dollar experienced a significant rally, strengthening against multiple currencies, including the Indian rupee. The decision to maintain or adjust interest rates by the Federal Reserve often has a profound impact on global currency markets. As a result of the Fed’s actions,
HC upholds Adani Group’s Dharavi redevelopment tender. Dharavi Slum Redevelopment: HC Upholds Adani Group’s Tender In a significant development concerning the much-awaited Dharavi slum redevelopment project, the Bombay High Court has upheld the tender awarded to the Adani Group. The decision came after a petition challenging the awarding of the contract was dismissed by the
HC upholds Adani Group’s Dharavi redevelopment tender. Read More »
Trump threatens reciprocal tax on India. US President-elect Donald Trump has issued a strong warning regarding trade policies, emphasizing his plans to introduce a reciprocal tax on countries imposing high tariffs on American products. Specifically naming nations like India and Brazil, Trump criticized what he described as unfair trade practices that disadvantage the United States.
Adani opts out of US Colombo funding. Gautam Adani-owned Adani Ports and Special Economic Zone (APSEZ) Limited has decided to withdraw from a $553 million loan agreement with the US International Development Finance Corporation (DFC). The project, part of the West Container Terminal development, is a strategic initiative aimed at enhancing Sri Lanka’s maritime infrastructure.
Sanjay Malhotra named next RBI governor. Sanjay Malhotra, a distinguished IAS officer from the 1990 batch of the Rajasthan cadre, has been named as the next Governor of the Reserve Bank of India (RBI). He will succeed Shaktikanta Das, whose tenure concludes on December 10. Malhotra’s appointment comes at a critical juncture for the Indian
RBI Holds Repo Rate, Lowers GDP Forecast The Reserve Bank of India (RBI) decided to leave the policy repo rate unchanged during its latest monetary policy meeting, marking the 11th consecutive instance of maintaining the status quo. However, in a significant move, the central bank revised its GDP growth forecast for the current fiscal year
