NEW DELHI: Industry associations Solvent Extractors’ Association (SEA) and Indian Vegetable Oil Producers’ Association (IVPA) have welcomed the government’s decision to reduce the basic customs duty on crude edible oils to 10 per cent, calling it a timely intervention that supports domestic refiners and discourages imports of finished products.Announced on Friday, the policy reduces the…
NEW DELHI: Foreign portfolio investments in Indian markets reached record levels in May 2025, as confirmed by National Securities Depository Ltd (NSDL) statistics, quoted by ANI. The month recorded net FPI inflows of Rs 19,860 crore, establishing May as the strongest month for foreign investments in 2025.The period from May 26 to May 30 saw…
NEW DELHI: Two men running a cyber fraud network with alleged links to Chinese nationals have been arrested for cheating a retired Army colonel of Rs 41.45 lakh through a fake digital gold trading scheme, Delhi Police said on Saturday.The accused, Indra Kumar Sahani (36) and Rahim Khan (24), were operating out of Ahmedabad and…
MUMBAI: BMC, which has floated tenders for the design, construction, and commissioning of a 200 million litres per day (MLD) desalination plant for the fourth time, plans to draw water from 2.5 km into the sea due to the rocky terrain closer to the shoreline.BMC officials said that the Maharashtra Coastal Zone Management Authority (MCZMA)…
VIENNA: Saudi Arabia, Russia and six other key OPEC+ members announced on Saturday a huge increase in crude production for July.They will produce an additional 411,000 barrels a day — the same target set for May and then June — according to a statement, which is more than three times greater than the group had…
NEW DELHI: PM Modi praised the courage of BSF women personnel for their frontline role in Operation Sindoor, India’s largest counter-terrorism action, and reiterated a strong stance against terrorism. Meanwhile, Chief of Defence Staff General Anil Chauhan, speaking at the Shangri-La Dialogue in Singapore, dismissed Pakistan’s claims of shooting down six Indian jets and rejected…
Finance minister Nirmala Sitharaman NEW DELHI: Finance Minister Nirmala Sitharaman on Saturday endorsed the Central Board of Indirect Taxes and Customs (CBIC) for its detailed clarification on social media allegations surrounding delays and alleged corruption in GST registration processing.Her remarks came after a Twitter user posted screenshot of posted accusations by a LinkedIn user alleging…
NEW DELHI: The Congress on Saturday latched on to Chief of Defence Staff General Anil Chauhan’s remarks in a bid to corner the Centre over alleged loss of fighter jets during the four-day conflict with Pakistan during Operation Sindoor.In a press conference, Telangana minister and Congress leader Uttam Kumar Reddy claimed that General Chauhan confirmed…
MUMBAI: The Vehicular Underpass (VUP), a part of the Coastal Road project near the Worli end of the Bandra-Worli Sea Link, was opened to traffic on Friday. The underpass, which goes below the existing Abdul Gaffar Khan Road, connects JK Kapoor Chowk, handling traffic from Prabhadevi and Dadar to the Mumbai Coastal Road.After the cut-and-cover…
The upcoming hike in US tariffs on steel and aluminium imports, announced by President Donald Trump, is set to impact Indian metal exports worth $4.56 billion, according to a new analysis by the Global Trade Research Initiative (GTRI).Beginning June 4, the higher duties are expected to raise product costs for Indian manufacturers and exporters in…
