‘Something being worked out’: Nirmala Sitharaman signals relief for exporters hit by US tariffs; government keeping close watch on rupee

[ad_1] File photo: Finance minister Nirmala Sitharaman (Picture credit: PTI) Finance minister Nirmala Sitharaman has said the government is preparing a comprehensive package to support Indian exporters impacted by the steep 50 per cent tariff imposed by the US. She noted that a multi-departmental exercise is underway to assess the effect on shipments.In an interview…

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Infosys buyback plan: Board to consider equity repurchase; company to hold key meeting on September 11

[ad_1] Infosys, India’s second-largest IT services company, on Monday said its board will consider a proposal for the buyback of equity shares on September 11, PTI reported.In a BSE filing, the company said, “…the Board of Directors of Infosys Limited will consider a proposal for buyback of fully paid-up equity shares of the company at…

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Food security: Smallholder farmers hold key to tackling global food crisis, says ICAR director

[ad_1] Complex challenges facing global agri-food systems require solutions centred on smallholder farmers, the country’s top agricultural research official said as international experts gathered in the capital to deliberate on the future of world food security.Department of Agricultural Research and Education Secretary and ICAR Director General Mangi Lal Jat was addressing DialogueNEXT in India, a…

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PNC expansion: Bank to acquire FirstBank for $4.1 billion, deal to boost presence in Colorado and Arizona

[ad_1] PNC Financial Services has announced plans to acquire Colorado-based FirstBank in a $4.1 billion transaction, marking a significant expansion of its footprint in the US retail banking market.Headquartered in Lakewood, Colorado, FirstBank—also known as 1stBank—operates 120 branches and holds $26.7 billion in assets. The lender is privately held, though shareholders owning 45.7% of the…

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‘US has long benefitted from free trade’: Chinese envoy slams 50% tariffs on India; calls them ‘unfair, unreasonable’

[ad_1] China took aim at the United States on Monday, sharply criticizing its 50% tariffs on Indian imports, calling the move “unfair, unreasonable” and making it clear that Beijing firmly opposes the move.China’s ambassador to India, Xu Feihong said that Washington has long taken advantage of free trade, but is now using it as a…

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Hyundai raid fallout, US work visa system hurdles: How Trump’s Made-in-US dream is being paralysed – explained

[ad_1] Trump has expressed his desire to facilitate the training of US workers by bringing in battery plant specialists. (AI image) US President Donald Trump’s ambitious ‘Made-in-USA’ dream is facing hurdles created by his own administration’s actions. The recent immigration raid on a Hyundai-LG Energy Solution battery facility in Georgia is an example of how…

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