Trade

US Warns Of Sanctions For Any Arms Sales To Iran After Embargo Expires

World News | Agence France-Presse | Sunday October 18, 2020

US Secretary of State Mike Pompeo on Sunday said that arms sales to Iran would breach UN resolutions and result in sanctions, after Tehran said the longstanding UN embargo on arms trade with the Islamic republic had expired.

JK Tyre, Other Firms Face Fair Trade Regulator's Probe In Bid-Rigging Case: Report

Business | Reuters | Friday October 16, 2020

According to documents in the filing, Haryana state told CCI that JK Tyre was the sole bidder in a tender and quoted high prices.

Sensex, Nifty On Track To Break 10-Day Winning Streak

Business | Written by Abhishek Vasudev | Thursday October 15, 2020

Nine of 11 sector gauges compiled by the National Stock Exchange were trading lower led by the Nifty IT index's 3 per cent decline.

A Big Vaccine Challenge: Moving Millions Of Vials In Constant Deep-Freeze

World News | Brendan Murray, Bloomberg | Friday October 16, 2020

The medical industry's dash to produce the world's first coronavirus vaccines in just a few months is heightening the urgency for the workhorses of global trade to be ready for the historic charge to defeat the disease.

Sensex, Nifty Gain For Tenth Session In A Row Led By Financials

Business | Written by Abhishek Vasudev | Wednesday October 14, 2020

In the last ten trading sessions, the Sensex has gained 7.43 per cent and Nifty has rallied 6.67 per cent.

Rupee Edges Higher To Close At 73.29 Against Dollar

Business | Edited by Sandeep Singh (with inputs from agencies) | Thursday October 15, 2020

Rupee Vs Dollar: The dollar index - which measures the dollar against six other currencies - was last seen trading 0.06 per cent.

India, Norway Resolved To Boost Trade, Investment Ties

India News | Press Trust of India | Tuesday October 13, 2020

India and Norway carried out a comprehensive review of their fast expanding relationship and resolved to further boost trade and investment ties.

Amazon Workers in Germany Strike on Prime Day for Better Pay, Work Conditions

Reuters | Tuesday October 13, 2020

A German trade union called on workers at seven Amazon warehouses to go on strike on Tuesday to coincide with the global "Prime Day" promotion event that was postponed due to operational challenges from the coronavirus pandemic.

Vedanta Hits Lower Circuit Due To Failure Of Delisting Plans

Business | Edited by Peter Noronha | Monday October 12, 2020

The shares of Vedanta hit the lower circuit in mid-morning trading due to the miner's failure to buy back shares and delist itself, compelling it to return all tendered shares.

US Imposes Tariffs On Aluminum Sheet From India, 17 Other Countries

Business | Reuters | Saturday October 10, 2020

US Commerce Secretary Wilbur Ross said the US International Trade Commission would make the final determination in February 2021.

Rs 1.5 Crore Cash, Jewellery Seized After Raids On Gujarat Business Group

Ahmedabad News | Press Trust of India | Friday October 9, 2020

The Income Tax department has seized cash and jewellery worth about Rs 1.5 crore after it raided an Ahmedabad-based group engaged in the business of real estate, construction and land trading, the CBDT said on Friday.

Huawei Ousted From Heart of EU as Nokia Wins Belgian 5G Contracts

Reuters | Friday October 9, 2020

Orange and Proximus have picked Nokia to help build 5G networks in Belgium as they drop Huawei amid US pressure to exclude the Chinese firm from supplying key telecoms equipment.

Esther Duflo To Address Conference Organised By IIM Calcutta And Stern School of Business

Education | Reported by Press Trust of India | Friday October 9, 2020

Nobel laureate will address the virtual meet organised by the Financial Research and Trading Laboratory, IIM Calcutta (IIMC) and Stern School of Business, New York University (NYU).

Rate-Sensitive Stocks Trade Higher Ahead Of RBI Policy

Business | Edited by Peter Noronha | Friday October 9, 2020

The RBI Governor Shaktikanta Das will announce decisions of the Monetary Policy Committee (MPC) in an address to the media at 10:00 am.

World Trade Body To Have Its First Woman Leader Soon

World News | Agence France-Presse | Thursday October 8, 2020

The World Trade Organization is set to have its first female leader after Nigeria's Ngozi Okonjo-Iweala and South Korea's Yoo Myung-hee made it through Thursday to the final run-off, a WTO spokesman announced.