’Not far apart on tariff deal’: Trump’s India ambassador nominee says issues to be resolved ‘in weeks’; calls India a strategic partner

[ad_1] The US ambassador-designate to Delhi, Sergio Gor, emphasised that India’s role as a strategic ally will influence regional and international developments. (AI image) US President Donald Trump’s nominee to be the American ambassador to India, Sergio Gor has said that India-US trade deal issues will be sorted within weeks. At a Senate committee hearing…

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Currency watch: Rupee slips to record closing low of 88.35 vs US dollar; strong dollar index, crude gains add pressure

[ad_1] The rupee closed at a fresh all-time low of 88.35 against the US dollar on Thursday, tumbling 24 paise amid sustained tariff tensions between India and the US, foreign fund outflows, and rising crude oil prices.Forex dealers said a stronger dollar ahead of US inflation data further weighed on the Indian unit, which continues…

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Infosys share buy back: IT giant announces its largest-ever Rs 18,000 crore share buyback; 19% premium for shareholders

[ad_1] Infosys Ltd on Thursday announced a Rs 18,000 crore share buyback programme, signalling confidence in its long-term cash flows and growth prospects even as the IT services major faces muted revenue growth this fiscal.The company said it will repurchase around 10 crore shares at Rs 1,800 apiece, a 19% premium over the stock’s Thursday…

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‘We are going to sort out with India’: US commerce secretary confident of trade deal; wants a stop on Russian oil purchase

[ad_1] US President Donald Trump and Prime Minister Narendra Modi have recently indicated an improvement in relations. (AI image) With US President Donald Trump saying that the trade deal negotiations between India and America will continue, a key government official has struck an optimistic note on issues being sorted out.The US Commerce Secretary Howard Lutnick…

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ECB policy: Rates left unchanged at 2% as eurozone weathers Trump tariffs; Christine Lagarde faces France test

[ad_1] The European Central Bank (ECB) kept its benchmark deposit rate steady at 2% on Thursday, with inflation back under control and the eurozone economy showing resilience despite US President Donald Trump’s tariff measures.At the post-decision news conference, attention is expected to focus on ECB President Christine Lagarde’s remarks on France’s fiscal crisis and whether…

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Highway toll policy: Nitin Gadkari says plan to benefit bus operators, green hydrogen truck corridors identified

[ad_1] The road transport ministry is preparing a toll policy to extend benefits to both state and private bus operators who use national highways, Union minister Nitin Gadkari said on Thursday.The government has already rolled out a FASTag-based annual pass for non-commercial vehicles at Rs 3,000 from August 15, aimed at easing highway travel. The…

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Auto sector: India moves to boost high-grade steel production to reduce import dependence; Kumaraswamy assures ‘all necessary support’

[ad_1] India moves to boost high-grade steel production to reduce import dependence; Kumaraswamy assures ‘all necessary support’ India is stepping up efforts to manufacture specialised high-grade steel for the automobile sector in order to cut down reliance on imports, Union minister for steel and heavy industries H D Kumaraswamy said on Thursday.Speaking at the annual…

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$4 billion P-8I naval aircraft defence deal: US team may come to India to negotiate sale; talks amid fresh trade deal push

[ad_1] The discussions will focus on India acquiring six P-8I naval patrol aircraft. (File photo) Amid signs of progress in India-US trade deal talks, a US team of defence officials and Boeing representatives is likely to visit India next week for talks on a multi-billion dollar deal for patrol aircraft.According to a Bloomberg report, officials…

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