The government's initiative to migrate SEZ data from NSDL software to ICEGATE system for streamlined reporting of import data caused double counting of gold imports, resulting in inflated figures and the issue has now been largely rectified, government sources said. The downward revision has provided the actual picture of trade deficit (difference between imports and exports), which was earlier looking very high. The deficit for November will now be revised downwards from $37.84 billion to about $32.8 billion. Similarly, there will be a revision in overall import numbers as well.
Much of the the-foreign-media-is-biased hysteria that we see on social media these days is provoked by the bad press the regime is getting in the West, points out Vir Sanghvi.
Because of his proximity to Indira Gandhi, he was able to intervene directly at the level of the PMO, which he did in the days leading up to the partition of Pakistan in 1971 when he transferred crucial information about Pakistan's moves via information handed to him by an East Pakistani diplomat in Poland where he was posted.
Paytm will focus on its core business of payments and cross-selling financial services as it works to achieve "profitability soon", said Vijay Shekhar Sharma, founder and chief executive officer of the fintech, on Thursday. "The past six months have taught us many lessons, giving us the opportunity to thoroughly examine our business processes, compliance, and the way we operate from the inside out.
'The biggest near-term risk to Indian equities is the outflow of investments to China as tactical trades by foreign investors.'
By picking Rubio and Waltz as his top diplomat and NSA guarantees a continuation of bi-partisan support and further strengthening of India-US relationship under the second Trump administration.
Canada's envoy to the United Nations, Robert Rae, during his address to world leaders at the UN General Assembly on Tuesday raised the issue of 'foreign interference' adding that the rules of state-to-state relations, cannot be bent for 'political expediency'.
The impact of Trump's announcement of increasing import tariffs will have negligible benefit for India not because of companies trying to shift from China to other countries or their supply chains being affected due to their Chinese operations but because of our faulty policies, explains Mudit Jain.
Equity benchmark indices Sensex and Nifty settled higher on Thursday, powered by a rally in banking and power stocks amid a largely firm trend in global markets. The stock markets mostly traded range-bound in the absence of any major trigger and persistent foreign capital outflows, traders said. The 30-share BSE Sensex rose 144.31 points, or 0.18 per cent, to settle at 81,611.41.
The principal director of plans, policy, and resources management for the Maldives National Defence Force, Colonel Ahmed Mujuthaba Mohamed said that discussions are underway for withdrawing Indian troops from the Maldives.
MNC funds invest in companies where foreign promoters have more than 50 per cent shareholding.
All three agreed to have the proceedings heard in English and each of them nodded that they understood the charges of first-degree murder and conspiring to murder Nijjar, the report said.
According to IRDAI, Marsh India had held the premium received from the clients in an Insurance Bank Account for more than 15 days and did not remit the premium to the insurer/reinsurer within the time limit of 15 days.
With Donald Trump all set to become US president, Indian exporters may face high customs duties for goods like automobiles, textiles and pharmaceuticals if the new US administration decides to pursue the 'America First' agenda, opined trade experts. Experts also said that Trump could also tighten H-1B visa rules, impacting costs and growth for Indian IT firms. Over 80 per cent of India's IT export earnings come from the US, making it vulnerable to changes in visa policies.
There was no immediate confirmation from India's defence ministry on the withdrawal of the first batch of Indian military personnel from the Maldives as reported by the media in Maldives.
From the 30 Sensex firms, Tata Consultancy Services and HCL Technologies dropped over 3 per cent each. Infosys, Tech Mahindra, Sun Pharma and Tata Motors were the other major laggards. Bajaj Finance, Bajaj Finserv, Nestle, HDFC Bank, ICICI Bank and State Bank of India were among the biggest gainers.
'The big power struggle in faraway Europe erupted at a most critical juncture when India has been increasingly sceptical about American policies and statesmanship,' argues Ambassador M K Bhadrakumar.
Global firm Accenture's fourth quarter results prove that the worst is behind for the Indian information technology (IT) sector, said analysts on Friday (September 27). While the pace and the broadness of recovery is debatable, they said Accenture's results and revenue growth guidance for the next financial year (FY25) reduce downside risks for Indian IT companies.
'Any earnings, regardless of location, will be subject to Indian income tax.'
Shringla last served as India's envoy to the US. He will be serving a two-year term. In the course of a diplomatic career spanning 35 years, Shringla has held a variety of positions in New Delhi and abroad, and is considered an expert on India's neighbourhood.
From the 30-share pack, Adani Port, Bharti Airtel, Asian Paints, IndusInd Bank, Bajaj Finserv, Reliance Industries, Infosys, UltraTech Cement, HDFC Bank, HCL Technologies and ICICI Bank were among the laggards. Tata Motors, Axis Bank, Maruti, Larsen & Toubro, ITC and Tata Steel were among the gainers.
KPS Menon (Jr) had a quiet humility and playfulness, and was not motivated by money or power, recalls Ambassador M K Bhadrakumar.
On January 31, the Indian Army intercepted a Maldivian fishing boat engaged in fishing activities within the Maldives' Special Economic Zone (EEZ), located 72 nautical miles northeast of Dhidhdhoo, Haa Alifu Atoll, the Maldives' defence ministry claimed in a statement on Friday.
'It is a breathtaking journey towards the Tibet border, especially since the Border Road Organisation has accomplished a fabulous feat in black-topping the road till the border.' 'One is left with a salute for the dauntless Indian soldiers who spend the winter in these majestic, though inhospitable areas (we were told that the temperature comes down to minus 40 in winter),' recounts Claude Arpi.
India's stock markets are experiencing a shift in investor sentiment, with a 30 per cent surge in Chinese stocks, prompting investors to move money from domestic markets to China. This reversal of fortunes is a notable change from the past three years, where China's losses benefited India.
Private consumption is back driven by festive spending, and the medium-term economic outlook remains bullish as the innate strength of the macro-fundamentals reasserts itself, the Reserve Bank Bulletin said on Wednesday. Global economic activity remained resilient during Q4:2024 amidst fragile confidence and rising protectionism, said an article on 'State of the Economy' published in the November Bulletin.
'The economy is clearly at a very soft spot, and earnings growth is disappointing every day.' 'After three great years, the Indian economy has hit a rough patch.'
It was good fortune for India to have Atal Bihari Vajpayee lead the government at a crucial moment in our history. He avoided India meeting the fate of Iraq or Ukraine, asserts military historian Colonel Anil A Athale (retd).
US Vice President Kamala Harris remembered her maternal grandfather PV Gopalan, an Indian Foreign Service official, during her tour to Zambia and paid a visit to the Gopalan's family house in Lusaka.
Biden is not risking his reputation in a crucial election year, argues Ambassador M K Bhadrakumar.
The missile hit a plantation in Margaliot, a moshav (collective agricultural community), in the Galilee region in the north of Israel around 11 am on Monday, Zaki Heller, spokesperson for rescue services Magen David Adom (MDA), told PTI.
'While investors need to be prepared for making some losses, they should not lose big money chasing euphoria amid fear of missing out.'
Foreign portfolio investors (FPIs) have net sold domestic shares worth over $10 billion so far this month amid a shift to China, which not only offers attractive valuations compared to India but has also announced several measures to support the economy and the stock market in recent weeks. If the trend doesn't reverse, this will be the first time that overseas funds will yank out more than $10 billion from Indian equity markets in a month.
Foreign investors have adopted a cautious stance and infused Rs 7,320 crore in the Indian equities in August owing to high valuation of stocks and the unwinding of the Yen carry trade after Bank of Japan raised interest rates. This investment was way lower than Rs 32,365 crore in July and Rs 26,565 crore in June, according to data with the depositories. While September is likely to see continued interest from FPIs, the flows would be shaped by a combination of domestic political stability, economic indicators, global interest rate movements, market valuations, sectoral preferences, and the attractiveness of the debt market, Vipul Bhowar, Director Listed Investments, Waterfield Advisors, said.
Seers from various 'akharas' took the first 'Amrit Snan' at the Maha Kumbh on Makar Sankranti on Tuesday as an unbroken stream of people converged at the Triveni Sangam on the occasion with around 3.5 crore devotees taking a dip.
Credit card payments for foreign travel will be brought under the purview of the Liberalised Remittance Scheme (LRS) of the Reserve Bank, to ensure that such expenses do not escape TCS (Tax Collection at Source). While moving the Finance Bill 2023 for consideration and passage in the Lok Sabha on Friday, Finance Minister Nirmala Sitharaman said the Reserve Bank has been asked to look into ways to bring credit card payments on foreign tours under the LRS. "It has been represented that payments for foreign tours through a credit card are not being captured under the Liberalised Remittance Scheme (LRS) and such payments escape tax collection at source (TCS)," she said.
There are 88 military personnel manning the three Indian platforms that have been providing humanitarian and medical evacuation services to the people of the Maldives for the last few years using two helicopters and a Dornier aircraft.
Raising concern over the nearly 1.25 crore feedback submissions received by the parliamentary committee scrutinising the Waqf (Amendment) Bill, Bharatiya Janata Party member Nishikant Dubey has called for a probe into their sources, including in the possible role of Pakistan's Inter-Services Intelligence and China.
'Canada doesn't want to de-escalate and neither does India. There is war when one party wants it, but peace is won by both parties.'
'How can a citizen of this country having been a Member of Parliament, and the other who has seen enough of Foreign Service takes no time in saying that what happened in the neighbourhood will happen in India'
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