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Posted in Economy

Actis NXT-Infra Trust: Actis merges 11 India road assets into $1 billion trust

Actis LLP has rolled 11 road assets from two funds into an infrastructure investment trust valued at about ₹10,000 crore ($1 billion) after raising ₹1,180…

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Posted in Economy

RBI withdraws relaxation on export earnings repatriation

Mumbai: The Reserve Bank of India (RBI) has withdrawn a relaxation that would have allowed exporters more time to bring overseas earnings back to the…

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Foreign secretary Vikram Misri flags tariff move in talks with US undersecretary
Posted in Economy

Foreign secretary Vikram Misri flags tariff move in talks with US undersecretary

New Delhi: Foreign secretary Vikram Misri held a series of meetings in New York, including with US undersecretary of state Allison Hooker, on Thursday and…

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Posted in Economy

US’ Graham Act, trade restrictions are sustained coercion; US, China, EU weaponise trade: CEA

New Delhi: The US’ Graham Act, tariffs and other trade restrictions should be seen as “sustained coercion” aimed at making countries choose between competing geopolitical…

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India-UK trade deal: CBIC eases paperwork for UK imports seeking preferential tariffs
Posted in Economy

India-UK trade deal: CBIC eases paperwork for UK imports seeking preferential tariffs

The central board of indirect taxes and customs (CBIC) customs authority has eased documentation requirements for importers seeking preferential tariffs under the India-UK trade agreement,…

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Indian startups funding: ETtech Deals Digest: Ultraviolette leads weekly startup funding of $110 million
Posted in Startups

Indian startups funding: ETtech Deals Digest: Ultraviolette leads weekly startup funding of $110 million

Indian startups raised $110 million across 17 rounds during the week ended September 25, up more than sevenfold from $15.6 million in the previous week,…

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Posted in Economy

India reserves third-party rights in Russia-EU CBAM trade dispute in WTO: Official

New Delhi: India, along with several other countries, has reserved its third-party rights to participate in proceedings related to a trade dispute filed by Russia…

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Posted in Economy

Infra projects see cost overrun of Rs 2.88 lakh crore in August: MoSPI

New Delhi: Infrastructure projects worth more than Rs 150 crore each recorded a cumulative cost overrun of around Rs 2,88,122 crore, according to a monthly…

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Posted in Economy

US, UK, China drive India’s engineering goods exports in August

New Delhi: Strong demand from the US, UK, South Korea China and Indonesia aided India’s engineering goods exports to grow 25% on-year in August, continuing…

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Posted in Economy

India plans Rs 7.86 lakh crore bond sales in H2, trims borrowing amid yield pressure

Mumbai: The Indian government plans to raise 7.86 trillion rupees ($82 billion) through bond sales between October and March, slightly less than previously planned, as…

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