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For over 25 years, members of the WTO have upheld a rule — no customs duties on electronic transmissions. While India has used it as a bargaining chip at every ministerial meeting. For India, the big win is managing to keep investment facilitation for development out of the WTO framework despite standing alone at the end. It has demanded “guardrails” against using plurilaterals, which are agreements between a select group of member nations. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/vuXfiZz >

Global crude markets are strained as Middle East conflict escalates, pushing oil prices up and impacting fuel supplies worldwide. Countries like India, Nepal, Bhutan, Pakistan, Sri Lanka, Myanmar, and Bangladesh are implementing measures such as price adjustments, import increases, and conservation efforts to manage the crisis. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/nAjYp1b >

Saudi Arabia has fully operationalized its East-West pipeline, moving 7 million barrels of oil daily to the Red Sea port of Yanbu. This crucial alternative route aims to maintain export supplies following disruptions to the Strait of Hormuz. While not fully replacing Hormuz volumes, the pipeline's operation is mitigating significant price increases amid escalating regional tensions. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/sZQGnm2 >

Global economies reel as Middle East conflict escalates, disrupting oil supplies via the Strait of Hormuz. Nations like Vietnam and India are cutting fuel taxes, while Japan and Germany consider increased coal use. Venezuela faces power cuts, and Pakistan grapples with soaring jet fuel prices. Sri Lanka implements strict fuel rationing, highlighting widespread energy challenges. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/jzGgpMV >

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Pankaj Chadha, chairman of engineering exports body EEPC India, said the measure will help steel mills, particularly smaller units, maintain production. “Steel is a key segment of the engineering goods sector, and its shortage could severely impact the production chain. The additional LPG allocation should minimise supply bottlenecks and ensure steady output,” he added. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/uWTwEFQ >

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India advocates for World Trade Organisation reform, emphasizing development for poorer nations and consensus-based decisions. Commerce Minister Piyush Goyal stressed the need to revive the dispute settlement mechanism and address long-pending issues like public stockholding for cotton-growing countries. India also signaled reservations about incorporating plurilateral agreements and continuing customs waivers for e-commerce. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/aJCy37v >

Industry has urged the government to address supply chain disruptions impacting sectors from pharmaceuticals to plastics. Suggestions include loan relief for small businesses, a "green corridor" for goods, and restricting certain input uses. Rising freight rates and a potential container crunch are also major concerns. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/RB0QrUk >

Airbus is considering establishing a final assembly line (FAL) in India for its ATR regional aircraft, driven by the government's focus on enhancing aerial connectivity. This move aligns with India's 'Make in India' vision and could reduce acquisition costs for local airlines, potentially boosting regional air travel. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/CW2FjuD >

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Precious metals like gold and silver have seen significant price drops despite global uncertainties and inflation fears. This trend is attributed to a slowdown in de-dollarisation, potential interest rate hikes, central bank selling, and reduced industrial demand for silver. The war in West Asia has disrupted traditional market dynamics, leading to a bearish sentiment. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/KNoWzVG >

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Lakshmi Mittal has launched his most ambitious greenfield project in India, breaking ground on an 8.2 million-tonne steel plant in Anakapalli, Andhra Pradesh. ArcelorMittal will invest over Rs 70,000 crore in the facility, expected to begin operations by early 2029. This marks a significant renewed push into India for the steel magnate, following earlier unmaterialized greenfield plans. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/6JhBEIx >

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A federal jury found Elon Musk liable for defrauding Twitter investors in 2022 by disparaging the company to secure a lower purchase price. Jurors concluded Musk intentionally misled shareholders through two tweets, including one stating the deal was "temporarily on hold," but absolved him of a broader scheme to defraud. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/oFmcSQR >

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As Eid ul Fitr nears, UAE workers can be asked to work but are entitled to either a compensatory day off or at least 50% extra pay on top of their regular wage. This ensures businesses can operate during peak periods while protecting employee rights. Uncompensated work is a violation, with recourse through the Ministry of Human Resources and Emiratisation. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/ztx6g0U >

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Gold prices in the UAE have seen a significant drop, falling over Dh50 from recent peaks, just in time for Eid ul Fitr. This price relief has spurred a rush of last-minute shoppers to Dubai's gold souks, eager to capitalise on the dip. The market experienced hesitation followed by a sudden surge in demand, driven by global factors and profit-taking. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/dzwrcKP >

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Brokerages reinstate 'add' and 'buy' ratings on Aster DM, Marico, and Hindalco, citing robust growth prospects driven by mergers, value-added products, and domestic demand. Tata Motors PV sees a target price cut due to JLR woes and rising costs, while JSW Infrastructure maintains strong growth targets despite geopolitical headwinds. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/rotD3TN >

Geopolitical tensions have left many expatriates stranded abroad, raising questions about salary continuation. UAE labour law dictates salary is tied to work but unavoidable absences due to conflict or travel bans are considered justified. Outcomes depend on remote work capability, employer agreement and clear communication, with flexibility and negotiation being key. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/Wo51V6j >

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Asia and Oceania will immediately receive strategic oil reserves, while the Americas and Europe will start releases by late March. This emergency action by the IEA aims to cushion the oil shock from the West Asia war, releasing 271.7 million barrels globally. Despite this, oil prices remain near $100, highlighting concerns over the Strait of Hormuz closure. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/TcPCvRx >

Amidst Middle East crisis concerns, India assures stable fertiliser supply for the upcoming Kharif season. Government data reveals urea stocks are higher than last year, with DAP and NPK reserves also significantly boosted. Domestic production is expected to exceed consumption, and global tenders have been issued to ensure uninterrupted shipments. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/Yj3ET8M >

Middle East conflict triggers force majeure declarations from Gulf energy producers like Qatar, Bahrain and Kuwait. Attacks and shipping disruptions in the Strait of Hormuz have halted oil and gas exports, causing global price spikes and supply chain concerns amid Iran vs US-Israel war. This legal clause highlights the immediate economic impact of geopolitical instability on energy markets. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/jaHKvyU >

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Iran has granted safe passage to two India-flagged LPG carriers through the Strait of Hormuz, a critical energy route. This assurance comes from Iran's Ambassador to India, who emphasized the strong friendship and shared interests between the two nations. The move occurs amidst regional tensions and follows Iran's criticism of US policy on Russian oil imports. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/qpJaSBH >

Amidst escalating Iran vs US-Israel war, Standard Chartered clarified reports of a Dubai office evacuation, stating it extended existing work-from-home measures as a precaution. The bank emphasised its regional operations remain active. This comes as other financial institutions also implement safety protocols, highlighting Dubai's crucial role as a financial hub facing geopolitical risks. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/I07PJRg >

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Despite escalating Iran vs US-Israel war, HSBC reaffirms strong confidence in GCC economies, signalling global banks are not retreating. The region's diversified economies, fiscal strength and strategic location continue to attract capital, even as markets grapple with conflict-driven volatility and energy price surges. Financial hubs like Dubai and Abu Dhabi are expanding, underscoring long-term appeal. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/EQZtf39 >

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