Nayara Energy, an Indian refiner backed by Russia, requires government assistance. The company needs equipment and materials for maintenance. European Union sanctions are creating procurement challenges. Nayara has approached the Centre for High Technology for help. A refinery shutdown is…
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India’s exports experienced a notable surge of 6.7 percent, reaching USD 35.1 billion in August, while imports witnessed a decline of 10.12 percent, totaling USD 61.59 billion. This resulted in a reduced trade deficit of USD 26.49 billion compared to…
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The Reserve Bank of India (RBI) expected to ease rates by 25 bps in Q4 CY25, owing to anticipated growth weakness from declining export orders and slower government spending, a report has said.
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Chinese regulators have initiated a further investigation into Nvidia for potential anti-monopoly violations related to its acquisition of Mellanox Technologies. This action coincides with ongoing trade discussions between U.S. and Chinese officials in Spain. Beijing is also intensifying its scrutiny…
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Indian equity benchmarks edged lower on Monday, influenced by declines in information technology stocks, as investors awaited the U.S. Federal Reserve’s policy meeting. The Nifty 50 snapped its eight-session winning streak, while the BSE Sensex also dipped. Realty shares gained…
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The CBIC has clarified the GST treatment of post-sale discounts, ensuring that buyers can claim full Input Tax Credit even with financial credit notes. Discounts from manufacturers to dealers for competitive pricing are considered price reductions, not taxable services. However,…
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