To receive repayments, importers in the US are required to submit claims which include shipment details, applicable tariff classifications. (AI image) The US government has rolled out a system to facilitate refunds of over $166 billion from tariffs introduced by Donald Trump and later invalidated by the US Supreme Court. In February, the court struck…
Gold price prediction today: Gold prices are likely to take cues from the US Federal Reserve stance on rate cuts in the near future, says Praveen Singh, Head Currencies and Commodities, Mirae Asset ShareKhan. Source link
India’s economy is projected to grow at 6.4 per cent in 2026 and 6.6 per cent in 2027, according to a United Nations report, indicating the country’s continued position as a key driver of growth in the Asia-Pacific region.The United Nations Economic and Social Commission for Asia and the Pacific (ESCAP), in its latest Economic…
India and the US are nearing a bilateral trade agreement, with negotiators reporting significant progress and only a few issues remaining. Discussions are described as positive and productive, focusing on market access and tariff alignment. This potential deal, aimed at boosting trade between the two nations, is expected to be a win-win, marking a key…
BENGALURU: High attrition among Gen Z employees is driving a surge in backfilling across India’s global capability centre (GCC) ecosystem, even as overall hiring demand witnesses a sharp rebound.A report by Quess Corp shows Gen Z tenure has dropped below 24 months, with companies facing a 40% replacement hiring rate-meaning nearly two in five roles…
MUMBAI: RBI on Monday partially unwound emergency curbs on rupee derivatives, signalling a shift from firefighting to restoring normal market function after a spell of currency volatility.The central bank withdrew its April 1 directive, which had barred banks from offering non-deliverable forwards (NDFs)—offshore rupee derivatives settled in foreign currency—and prevented users from rebooking cancelled forward…
China’s increased purchases of ethane also come ahead of a planned mid-May visit by Donald Trump to Beijing. (AI image) China, the world’s second largest economy, is facing supply disruptions due to the ongoing Middle East conflict. China is on track to bring in an unprecedented volume of US ethane this month, as petrochemical firms…
MUMBAI : Multiple reports show that bankers are bracing for slower credit offtake in FY27 after a high base in FY26, with deposit mobilisation emerging as a constraint on margins.According to a survey by the Indian Banks Association and Ficci, lenders have entered FY27 with a constructive but more calibrated outlook, with nearly 71% of…
Indian workers are putting in fewer hours weekly compared to pre-pandemic levels, with self-employed individuals seeing the steepest decline. This trend, alongside modest real earnings growth, suggests lower aggregate demand and a recovery driven by a select few. Women’s increased labor force participation, particularly in rural agriculture, indicates distress-led employment. NEW DELHI: Indian workers put…
Prime Minister Narendra Modi is set to visit Rajasthan on Tuesday, where he will dedicate a major refinery-cum-petrochemical complex to the nation. The plant, located at Pachpadra in Balotra, has been developed by Hindustan Petroleum Corporation Limited in partnership with the Rajasthan government. The refinery is set to reduce reliance on energy imports and boost…