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India-Asean inch towards discussions on tariffs in FTA review

India and Association of Southeast Asian Nations (Asean) are inching towards initiating discussions on having a relook at tariffs or import duties on merchandise traded under the Asean-India Trade in Goods Agreement (AITIGA), a key part of the review of the pact. At the 6th joint committee meeting on the review of AITIGA that concluded

Portal to link petrochem companies with R&D centres 

The department of chemicals and petrochemicals (DCPC) on Friday launched a technology collaboration portal (TCL) that will feature the cutting-edge technologies developed by research institutions. This portal, featuring over 1,000 industries and 40 institutions, will give access to companies to innovations of the research institutes and enable them to ask for tailor-made tech from the

Housr in talks to raise $20–40 million in fresh funding 

HDFC Capital-backed co-living operator Housr is in advanced discussions to raise $20–40 million, according to co-founder and CEO Deepak Anand.  “We are engaging with two large funds, and the deal should close in the next 2-3 months,” Anand said, without disclosing the names of the investors. The Gurugram-based company currently operates 70 properties and claims

Did Sagar Adani know it all? Report indicates record of ‘bribe notes’, other details on mobile phone

In the latest on the US indictment of the top executives of Adani Group including Gautam Adani, the spotlight is on Sagar Adani. According to the Reuters report, the court filings indicate that Sagar Adani, the millennial scion of the company, kept track of the millions of dollars of alleged bribes to Indian officials on

Shipping, aviation products behind engineering exports surge

Engineering exports in October saw an increase of $ 3.1 billion on year in value terms to $ 11.2 billion and more than half of it is accounted for by exports by the shipping and aircraft products, according to the commerce ministry data. Exports under the head of ships, boats and floating products and parts

RE projects buoy SECI, net surges 120 per cent in 5 years

The finances of the state-owned Solar Energy Corporation of India (SECI) has seen a steady and rapid improvement in recent years, with it playing a crucial catalytic role in India’s massive renewable energy drive. Though SECI’s name figured in the US’s department of justice’s indictment of Adani group executives unsealed lately, no specific charge of

Pashmina to get ‘seal of authenticity’ by World Crafts Council

A knife maker from the Middle East, phulkari shawls from Patiala, resin artworks and home décor from Kuwait, crochet makers from Russia, carpet weavers from Persia, blue pottery from Rajasthan and many other global crafts are part of the global celebration at this year’s World Crafts Forum. Organised by the World Crafts Council (WCC) AISBL

Oberoi Hotels plans multiple properties to cash in on upscale holiday demand

With the demand for upscale holidays on the rise, Oberoi Hotels and Resorts has created a pipeline of around a dozen properties, luxury boats and cruisers, which will come up in the next five years. This fresh supply will see the addition of 1,350 keys, including about 288 outside India, starting 2026, the company said
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Maha Kumbh Mela 2025: Now get insured for missed flight, baggage loss, personal accident; see details

Maha Kumbh Mela 2025: Days before the start of the world’s largest religious congregation ‘Maha Kumbh 2025’, digital payment app PhonePe, in partnership with ICICI Lombard General Insurance, has launched a first-of-its-kind insurance coverage for devotees travelling to Prayagraj. The insurance plan is designed for travellers attending the upcoming Maha Kumbh Mela from January 13

Infosys, HCL set to address business outlook under Trump presidency

Shares of Indian IT outsourcing giants Infosys Ltd., HCL Technologies Ltd. and Wipro Ltd. got a boost from Donald Trump’s US election win. They will get a chance to comment on how his presidency might affect their businesses when they post earnings.  Overall, investors appear to view the incoming administration favorably for the sector, as

Larsen & Toubro Chairman faces backlash over 90-hour workweek remarks; Industry reacts

Larsen & Toubro’s chairman, SN Subrahmanyan, recently faced backlash after comments he made about wanting his employees to work 90 hours a week went viral. During an employee interaction, Subrahmanyan expressed regret over not being able to make employees work on Sundays, suggesting that working on weekends would lead to “extraordinary outcomes.” His remarks, which

Volatile Friday for markets: Nifty, Sensex down over 2% this week; Nifty IT Index outperforms

The equity markets end the highly volatile session on a lower note on Friday. The Nifty 50 closed the counter 95 points, or 40%, lower at 23,431.50, breaching its important support level of 23,500. The Sensex dropped 241.30 points, or 31%, finishing the day at 77,378.91. The Nifty 50 shed 2.5% this week while the

Rupee hits all-time low of 85.97 as dollar strengthens ahead of US jobs data

The Indian rupee slid to an all-time low on Friday, closing at 85.9650 against the US dollar, down 0.2% for the week. This marked its tenth consecutive weekly decline, surpassing the previous record low of 85.9325 reached on Thursday. The currency has faced consistent pressure from a strengthening dollar and weak capital inflows. The dollar