Jio Financial Services, a unit of Mukesh Ambani's Reliance Industries (RIL), got valued at Rs 1.66 trillion ($20 billion) following an hour-long special trading session conducted by stock exchanges on Thursday. Shares of RIL's unit got priced at Rs 261.85 apiece - higher than analysts' expectations of Rs 134-224 per share. The price was arrived at after calculating the difference between RIL's Wednesday (July 19) close of Rs 2,840 and Rs 2,580, the price discovered during the first-of-its-kind pre-trade session.
Trump said India and China - the two economic giants from Asia - are no longer developing nations and as such they cannot take benefit from the WTO.
With OTDS being central issue in the Doha agriculture negotiations, trade negotiators said the latest move by the US was too little compared to its last year spending level of about $7 billion. US trade representative Ambassador Susan Schwab told reporters that its offer to bring the OTDS to $15 billion is contingent up on other advanced countries responding to ambitious market access offer in non-agricultural products and services.
Lockie Ferguson has previously represented KKR, the two-time champions, from 2017 to 2021.
Still the Reserve Bank of India will operate as usual and can provide funds via its overnight repo window, traders also said.
Sharma met US trade representative Ron Kirk, agriculture secretary Tom Vilsack and deputy assistant to the president and deputy national security advisor for International Economic Affairs Michael Froman and other senior Obama Administration officials.
Adani Group on Friday launched its Rs 31,000-crore open offer to acquire 26 per cent additional stake from the public shareholders of Swiss firm Holcim's two Indian listed entities ACC Ltd and Ambuja Cements. In May this year, the Adani Group had announced that it had clinched a deal to acquire a controlling stake in Holcim Ltd's businesses in India for $10.5 billion. Markets regulator Sebi granted approval for the open offer last week.
India, President of the G20, will host global leaders for the Summit scheduled to take place on September 9 and 10 in New Delhi.
'It was my late husband Durga Soren (Hemant Soren's elder brother) who built the party and strengthened it.' 'It was due to his strengthening efforts that we have today a JMM government in the state.'
In its annual report on telecom sector, the US Trade Representative also said there were barrier concerns regarding supplying satellite services in China and India.
Bajaj Auto's market capitalisation (market cap) hit Rs 2 trillion mark for the first time. The stock of the two and three-wheeler major rallied 6 per cent to hit a new high of Rs 7,420 on the BSE in Tuesday's (January 9) intraday trade after its board approved Rs 4,000 crore share buyback at Rs 10,000 per share. The stock ended the day at Rs 7,093.75, up 1.55 per cent and its market cap a shade above Rs 2 trillion.
Cricket and the Olympics made for strange bedfellows when the sport featured in its roster for the first and only time in the 1900 edition of the games in Paris.
Countries negotiating free trade agreements (FTAs) need to keep in mind eight "myths" which surround these pacts, like they lead to accelerated increase in exports and promote domestic manufacturing, according to a report by think-tank GTRI. The report by Global Trade Research Initiative (GTRI) claims to dispel these 'myths', including that FTAs weaken the WTO (World Trade Organisation), countries are rushing to do FTAs, and these pacts promote investment and lower prices. It is "erroneously" believed that most world trade happens through the FTA route, but in reality, it is less than 20 per cent, said the report titled 'FTAs: Fabulous, Futile, or Flawed?'.
The challenge for India will be to ensure the law does not get out of step with the demands of a country that needs foreign investment and new technologies.
Schwab, 54, will serve on the audit and finance committees.
Manish Market and Lamington Road in Mumbai, and Chenoy Trade Center and Hong Kong Bazar in Hyderabad are the other four "notorious markets" identified by the US Trade Representatives in its report released on Wednesday.
'They are geopolitical, commercial, educational, cultural and about innovation.' 'Also, they are about a common value system.'
The US Congress is likely to approve trade preferences for the least developed and developing countries in the next few weeks, a move which will help Indian exporters as well.
Any miscalculation and miscommunication are fraught with the risk of a major catastrophe, warns Rup Narayan Das.
The US continues to be concerned about the proposed 'Toys and Toy Products (Compulsory Registration) Order' being considered by the government of India.
Amid uncertainty over the mini-ministerial meeting starting today, the two powerful trade chiefs of the United States and the European Union sought India's assistance to break the deadlock over sectoral tariff elimination and the anti-concentration provision in return for supporting New Delhi's demand on enhanced flexibilities for special products and special safeguard mechanism
As among the fastest growing economies of the world, India, China and Brazil not only have developed a new level of influence at the global level, but are expected to take increased level of responsibilities to smoothen world trade, an official US report has said.
The coming assembly and Lok Sabha elections -- the choice of candidates, the campaign strategies and the negotiations with other Opposition parties --0 represent the real test for Mallikarjun Kharge.
Indian economy is gathering momentum in the second quarter, though inflation would continue to average above the central bank's comfort zone of 6 per cent, said an article in the RBI's monthly bulletin released on Thursday. The consumer price index (CPI) based retail inflation shot up significantly to 7.44 per cent in July, from 4.87 per cent in the preceding month, mainly due to soaring prices of tomato, vegetables and other food items. In his address to the nation on the Independence Day, Prime Minister Narendra Modi vowed to take more steps to contain price rise.
While the likes of senior Indian American officials in the Barack Obama administration -- namely Administrator of United States Agency for International Development Dr Rajiv Shah and Chief US Agricultural Negotiator in the Office of the US Trade Representative Islam 'Isi' Siddiqui -- enjoy a major public profile, there are others who have been flying under the radar but are rising stars nonetheless.
Securities regulator Guo Shuqing is tipped to take the helm at the $482 billion state investment vehicle, China Investment Corp, and China's chief trade representative, Gao Hucheng, is seen running the Commerce Ministry, two sources with leadership ties told Reuters.
With a view to advancing the US trade agenda and strengthening relations with Asian countries, the Deputy United States Trade Representative Karan Bhatia will visit India, Taiwan and Vietnam later this month.
Dr Siddiqui is currently the vice president, Science and Regulatory Affairs at the Washington, DC-based CropLife America, where he is responsible for regulatory and international trade issues related to crop protection chemicals.
There have been sharp differences between the Russia-China combine and the Western countries over the text to describe the Ukraine crisis.
The Obama administration has not received any specific assurances from India that it will help carry the developing countries with it to help successfully complete the stalled Doha Development Agenda, but the fact that New Delhi is hosting the World Trade Organization ministerial meeting exudes optimism in this regard, US Trade Representative Ron Kirk has acknowledged
Baramati Agro works in the fields of animal and poultry feed manufacturing, sugar and ethanol manufacturing, co-generation of power, trading of agri-commodities, fruits and vegetables and dairy products.
Russian energy giant Rosneft has appointed a former Indian Oil Corporation (IOC) director to its board in signs it may be looking at boosting trade links with India. G K Satish, who retired as director for business development at IOC in 2021, is one of the three new faces appointed to the 11-strong board of directors of Rosneft, according to a statement issued by the Russian firm. Satish, 62, is the first Indian to be appointed to the board of Rosneft.
There 'appears to be a conscious policy to create unfair preferences for Chinese industries by making raw materials cheaper for China's companies to get, and goods more economical for them to produce, US Trade Representative Ron Kirk said on Tuesday. The European Union has filed a similar complaint with the WTO.
More a lobbying group than a true union, association is a sign of changing times.
Bilateral trade between India and China, the two fastest growing economies, is forecast to touch a record level this year at $10 billion, compared with last year's $7.6 billion.
The two leaders also took positive note of the growing bilateral cooperation in defence, counter-terrorism and energy, besides the co-ordination on regional and global issues, the officials said.
US Under Secretary of Commerce for International Trade Franklin L Lavin, who will lead the largest American trade mission to India ever has said the delegation besides several senior administration officials will comprise 238 business leaders
India is most open to dialogue on the Doha round and trade negotiations among all major emerging markets, a top Obama Administration official has told the US lawmakers.
A division bench led by Justice Nitin Jamdar said the MPCB order was set aside for being 'disproportionate' and noted the order was passed in a 'hasty manner'.
