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Exports Contract To $36.91 Billion In February, Trade Deficit Narrows
India's exports declined for the fourth month in a row in February to USD 36.91 billion due to volatility in petroleum prices and global uncertainties.
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Sensex Gains 40 Points In Early Trade, Rupee Rises 8 Paise
Equity market benchmarks Sensex and Nifty climbed in early trade on Thursday driven by buying in index heavyweights ICICI Bank and Reliance Industries amid a robust domestic macroeconomic data and firm trend in the global peers.
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US Was 5th Top Oil Seller To India In January, Russia At No.1: Report
India's oil imports from the United States rose sharply in January from December, turning Washington as the fifth largest oil supplier to New Delhi, data obtained from trade sources show.
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Rupee Settles On Flat Note, Up 1 Paisa At 84.90 Against US Dollar
The rupee consolidated in a narrow range and settled for the day higher by 1 paisa at 84.90 (provisional) against the US dollar on Tuesday, weighed down by disappointing trade balance data and weak domestic markets.
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Laptop, PC Import: Deadline Ends, Here's What Government Will Do Now
This marks a significant shift from the government's previous decision to require licenses for importing these products.
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Google Has Created Digital Data Hegemony, CCI Alleges Before NCLAT
Fair trade regulator CCI on Thursday alleged that Google has created a digital data hegemony and called for a market space with "free, fair and open competition". Concluding the arguments of the Competition Commission of India (CCI) before the appellate tribunal NCLAT in the Google matter, Additional Solicitor General N Venkataraman said a market w...
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Ransomware Attack on Data Firm ION Said to Take Days to Fix
A ransomware attack that hit ION Trading UK could take days to fix, leaving scores of brokers unable to process derivatives trades, sources familiar with the matter told Reuters. ION Group, the financial data firm's parent company, said in a statement on its website that the attack began on Tuesday.
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In Increasing Oil Trade Between India And Russia, An Unusual Development
Russia is sending more crude oil produced in the Arctic region to China and India, and at steeper discounts, after Europe slammed its doors shut on Russian supplies last month, trade sources and data show.
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India Uses Technology Extensively to Protect Clients' Securities, SEBI Chairperson Says
SEBI chairperson Madhabi Puri Buch on Friday said there was no other country better than India in terms of "margin protection" that could offer extensive protection for clients' securities with the use of technology. The regulatory body is also using technology to check 'front running' in the mutual fund market, she revealed.
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How India's Bingeing On Russian Oil Is Hitting Middle East
India's oil imports from the Middle East fell to a 19-month low in September while Russian imports rebounded although refining outages hit overall crude imports, data from trade and shipping sources showed.
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India-UK Free Trade Agreement Talks Face Deadlock In Final Stages: Report
Data localisation and UK companies being allowed to bid for Indian government contracts are among the issues causing a possible deadlock in the final stages of the India-UK free trade agreement (FTA) negotiations, according to a UK media report.
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WazirX Lays Off 40 Percent Workforce to Deal With Crypto Winter
Indian exchange WazirX laid off 40 percent of its total workforce, the company said in a statement. The company said the laid-off was done to weather the bearish week for the crypto market. It said its priority was to be financially stable and to continue serving our customers. A week ago, the enforcement directorate (ED) had frozen the bank accoun...
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Saudi Overtakes Russia To Be India's No. 2 Oil Supplier
Saudi Arabia emerged as the second-biggest oil supplier to India after a three-month gap, overtaking Russia by a thin margin, while Iraq retained the top spot in August, data from industry and trade sources showed.
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India's June Oil Imports From Russia Surge To Record High: Report
India's oil imports from Russia surged to a record of around 950,000 barrels per day (bpd) in June, accounting for nearly a fifth of overall imports by the world's third largest oil consumer, data provided by trade sources showed.
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India 10-Year Bond Yield Rises To 3-Week High; GDP Data In Focus
India's benchmark 10-year bond yield touched a three-week high in early trade, as global crude oil prices rose further raising concerns over the need for the central bank to tighten monetary policy to contain inflation.
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Exports Contract To $36.91 Billion In February, Trade Deficit Narrows
India's exports declined for the fourth month in a row in February to USD 36.91 billion due to volatility in petroleum prices and global uncertainties.
-
Sensex Gains 40 Points In Early Trade, Rupee Rises 8 Paise
Equity market benchmarks Sensex and Nifty climbed in early trade on Thursday driven by buying in index heavyweights ICICI Bank and Reliance Industries amid a robust domestic macroeconomic data and firm trend in the global peers.
-
US Was 5th Top Oil Seller To India In January, Russia At No.1: Report
India's oil imports from the United States rose sharply in January from December, turning Washington as the fifth largest oil supplier to New Delhi, data obtained from trade sources show.
-
Rupee Settles On Flat Note, Up 1 Paisa At 84.90 Against US Dollar
The rupee consolidated in a narrow range and settled for the day higher by 1 paisa at 84.90 (provisional) against the US dollar on Tuesday, weighed down by disappointing trade balance data and weak domestic markets.
-
Laptop, PC Import: Deadline Ends, Here's What Government Will Do Now
This marks a significant shift from the government's previous decision to require licenses for importing these products.
-
Google Has Created Digital Data Hegemony, CCI Alleges Before NCLAT
Fair trade regulator CCI on Thursday alleged that Google has created a digital data hegemony and called for a market space with "free, fair and open competition". Concluding the arguments of the Competition Commission of India (CCI) before the appellate tribunal NCLAT in the Google matter, Additional Solicitor General N Venkataraman said a market w...
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Ransomware Attack on Data Firm ION Said to Take Days to Fix
A ransomware attack that hit ION Trading UK could take days to fix, leaving scores of brokers unable to process derivatives trades, sources familiar with the matter told Reuters. ION Group, the financial data firm's parent company, said in a statement on its website that the attack began on Tuesday.
-
In Increasing Oil Trade Between India And Russia, An Unusual Development
Russia is sending more crude oil produced in the Arctic region to China and India, and at steeper discounts, after Europe slammed its doors shut on Russian supplies last month, trade sources and data show.
-
India Uses Technology Extensively to Protect Clients' Securities, SEBI Chairperson Says
SEBI chairperson Madhabi Puri Buch on Friday said there was no other country better than India in terms of "margin protection" that could offer extensive protection for clients' securities with the use of technology. The regulatory body is also using technology to check 'front running' in the mutual fund market, she revealed.
-
How India's Bingeing On Russian Oil Is Hitting Middle East
India's oil imports from the Middle East fell to a 19-month low in September while Russian imports rebounded although refining outages hit overall crude imports, data from trade and shipping sources showed.
-
India-UK Free Trade Agreement Talks Face Deadlock In Final Stages: Report
Data localisation and UK companies being allowed to bid for Indian government contracts are among the issues causing a possible deadlock in the final stages of the India-UK free trade agreement (FTA) negotiations, according to a UK media report.
-
WazirX Lays Off 40 Percent Workforce to Deal With Crypto Winter
Indian exchange WazirX laid off 40 percent of its total workforce, the company said in a statement. The company said the laid-off was done to weather the bearish week for the crypto market. It said its priority was to be financially stable and to continue serving our customers. A week ago, the enforcement directorate (ED) had frozen the bank accoun...
-
Saudi Overtakes Russia To Be India's No. 2 Oil Supplier
Saudi Arabia emerged as the second-biggest oil supplier to India after a three-month gap, overtaking Russia by a thin margin, while Iraq retained the top spot in August, data from industry and trade sources showed.
-
India's June Oil Imports From Russia Surge To Record High: Report
India's oil imports from Russia surged to a record of around 950,000 barrels per day (bpd) in June, accounting for nearly a fifth of overall imports by the world's third largest oil consumer, data provided by trade sources showed.
-
India 10-Year Bond Yield Rises To 3-Week High; GDP Data In Focus
India's benchmark 10-year bond yield touched a three-week high in early trade, as global crude oil prices rose further raising concerns over the need for the central bank to tighten monetary policy to contain inflation.
