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U.S. President Donald Trump threatened on Monday to impose a 10 percent tariff on $200 billion of Chinese goods, prompting a swift warning from Beijing of retaliation, as the trade conflict between the world’s two biggest economies quickly escalated. U.S. President Donald Trump threatened on Monday to impose a 10 percent tariff on $200 billion…
Continue ReadingIt was another hard landing for oil on Friday, closing 3.84% lower on the day and 1.9% lower for the week. Commodity prices across the board took a turn for the worse when U.S. President Donald Trump said he was pushing ahead with 25% tariffs on $50 billion of Chinese imports. Some press articles suggested…
Continue ReadingBerlin: German Chancellor Angela Merkel’s Bavarian allies, the Christian Social Union (CSU), will decide on Monday whether to defy her by implementing a plan to limit immigration at the German border and risk destabilising her three-month-old coalition. A showdown over immigration between Merkel and her conservative CSU allies has escalated in the last week but on…
Continue ReadingTrump yesterday accused China of intellectual property theft and unfair trade practices as he announced 25% tariff on $50 billion worth of Chinese goods In a tit-for-tat action, China, on June 16, imposed additional duties on $50 billion worth of American products, a day after US President Donald Trump slapped a stiff 25% tariff on…
Continue ReadingIn terms of the Securities and Exchange Board of India (Delisting of Equity Shares) Regulations, 2009 (“Regulations”), Section 21A of the Securities Contract (Regulations) Act, 1956, Securities Contract (Regulations) Rules, 1957 and Bye – Laws and Regulations of National Stock Exchange of India Limited (“Exchange”), it is hereby notified that it has been decided to…
Continue ReadingIndia has notified the WTO a revised list of 30 US imports, including apples, almonds, phosphoric acid and Harley-Davidson motorcycles, on which it intends to impose retaliatory tariffs. India is likely to introduce retaliatory tariffs worth $240 million next week on a revised list of 30 items imported from the US to counter the American…
Continue ReadingInfosys was established by NR Narayana Murthy and six engineers in Pune with an initial capital of $250 Legendary investors Warren Buffett once said, “Buy it thinking you will hold it forever”. This does look like a far-fetched idea at least for return hungry equity investors but who would have thought that a Bengaluru-based company,…
Continue ReadingPolls were deferred in Jayanagar in south Bengaluru because of the death of BJP candidate BN Vijayakumar. The Congress added to its Karnataka tally by winning the election in Bengaluru’s Jayanagar constituency, after assembly elections were held on June 11, with 55 percent voting recorded. The Congress won by close to 4,000 votes. Congress’ vote…
Continue ReadingThe proposed GST changes will do away with filing returns under GSTR2 and GSTR3, modify the composition scheme, and eliminate ambiguities in the laws The government is set to table amendments to goods and service tax laws in the monsoon session of Parliament to simplify GST returns filings, modify the composition scheme under which small…
Continue ReadingAccording to an official, another rail PSU — Rail Vikas Nigam Ltd (RVNL) — could be the second one to hit the market with the issue size likely to be around Rs 500 crore. The initial public offer of railways consultancy firm RITES will hit the market on June 20, with the government aiming to…
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