BUSINESS
FPIs Infuse ₹8,831 Crore into Indian Stocks — Biggest Single-Day Investment Since March
This has been according to provisional figures issued by the National Stock Exchange (NSE) on Saturday.
Air India Refutes Claims of Lobbying Against IndiGo's Turkish Lease
"Air India refutes the gross misrepresentation and malicious reporting of a competitor's business model in some sections of the media. We, as a respectable corporate entity, refrain from commenting on competition," the airline said.
Moody’s Downgrades US Credit Rating to AA1 Amid Mounting Debt and Political Stalemate
The agency reduced the U.S. rating to its highest grade of Aaa from Aa1, though it noted that the country "remains exceptional credit strengths such as the size, resilience and dynamism of its economy and the status of the U.S. dollar as global reserve currency."
USA Proposes 5% Remittance Tax on Non-Citizens: What It Means for Indian Workers
But that consistent stream of money could soon be threatened with a new challenge: a planned 5% excise tax in the U.S. on money transfers going overseas.
India willing to remove 100 pc tariffs on US goods, Says Donald Trump
During a recent Fox News interview, Trump mentioned India as a quintessential example of a country with trade barriers he will seek to eliminate.
India's Forex Reserves Climb $4.5 Billion to Reach $690.6 Billion, Driven by Gold Holdings
Foreign currency assets (FCA), the largest component of the reserves, increased by $196 million to $581.37 billion.
UK High Court Denies Nirav Modi Bail Again, Citing Massive PNB Fraud
The ruling, made on Thursday, came after a thorough hearing that considered the defense's arguments along with the prosecution's counterarguments—on behalf of the Indian government—and took on board written submissions from the ED.
EaseMyTrip Founder Claims Half of MakeMyTrip's Directors Have Chinese Ties, Citing National Security Risks
"Five of the 10 directors on MakeMyTrip's board have direct connections to China, including key appointments by Trip.com, which is Chinese-owned," Pitti said on Friday, alleging the structure of the board could potentially undermine strategic decision-making.".
Celebi Shares Plunge 10% Following India's Revocation of Security Clearance
The stock fell by 222 points to 2,002, adding to its losses to the tune of almost 30% in the last four sessions. The company had been under increasing pressure as calls grew for action against its Indian operations.
India-UK FTA to Drive 15% Annual Growth in Bilateral Trade Through 2030
The just-finished India-UK FTA presents a strategic chance for Indian industries to further their presence in the UK market, boost domestic manufacturing, and generate overall economic growth, noted the CareEdge Ratings report.
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