Giri world

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The Commerce Ministry is convening a stakeholder meeting on June 30 to discuss crucial reforms for Special Economic Zones (SEZs). The focus will be on harmonizing export promotion schemes and simplifying business operations within these enclaves. Discussions will cover issues like domestic payments, job work, and import substitution, aiming to modernize the SEZ policy in line with evolving global trade dynamics. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/BU8DCpy >

A Zurich Group report reveals that most of India's planned renewable energy projects face significant climate risks by 2030. Ninety percent of these sites are at high or critical risk from hazards like floods and wildfires. However, with many projects still in development, incorporating resilience measures now, costing around 2% of CAPEX, could slash severe loss exposure by 75%, ensuring sustainable energy infrastructure. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/Nkm0Q7C >

US economic growth surprised on the upside, while job losses remained low. However, persistent inflation, fueled by rising fuel and electronics costs, is squeezing consumers. Despite a slowdown in spending, businesses are investing heavily in AI, leading to price hikes on tech products like Apple's Macs and iPads. Mortgage rates also saw a slight increase, adding to financial pressures. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/VHPgJ5v >

Ship traffic through the Strait of Hormuz surged briefly following US sanctions relief and a humanitarian evacuation effort. However, a fresh attack in the Gulf of Oman halted the operation, causing traffic to plummet. Iran's warning about safe passage routes further heightened concerns, leaving major global carriers hesitant to return to the volatile waterway. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/h4uSFxn >

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Increasingly Investing Substantial Amounts In AWS, Cloud & AI Biz: Amazon CEO Jassy from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/Eml1GbW >

A bold gamble on high-bandwidth memory (HBM) chips has propelled SK Hynix to the forefront of the AI revolution, briefly making it South Korea's most valuable company. This strategic pivot, once met with skepticism, proved crucial as demand for AI servers surged, allowing SK Hynix to outpace rivals like Samsung Electronics and reshape the global semiconductor landscape. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/103aXMm >

Crude oil prices have plummeted towards pre-war levels as tanker traffic through the Strait of Hormuz resumes, alleviating supply worries. Following a surge past $126, oil is now hovering around $70. Improved shipping and potential Iranian exports have eased fears of disruptions, leading to a significant price drop. Traders are now anticipating a surplus as physical crude trades at discounts. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/5p3msAf >

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India and the European Union are poised to sign their landmark free trade agreement by December, with implementation expected by early 2027. This pact promises Indian exporters near-zero duty access to the vast European market, opening up significant opportunities. Discussions are also progressing on trade deals with the US and Canada, highlighting India's growing global economic influence. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/s8Fl4AI >

Indian equity markets witnessed a significant surge last week, adding Rs 2.15 lakh crore to the valuation of nine out of the top 10 most valuable companies. Bharti Airtel emerged as the top gainer, followed by LIC and Bajaj Finance. This rally was fueled by improved global risk appetite and easing geopolitical concerns, boosting investor sentiment across the board. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/xZpWMXS >

India's merchandise exports have demonstrated remarkable resilience, surging approximately 15% from April 1 to June 14, despite global economic headwinds and increased US tariffs. Minister Piyush Goyal highlighted this robust growth, even as international trade faces significant challenges. This positive trend follows a strong May performance, underscoring India's continued strength in outbound shipments. Goyal also urged chartered accountants to contribute to India's developed nation goal, emphasizing local cleanliness efforts. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/R8Vb9Mn >

Petrol and diesel prices may soon see a dip as India receives cheaper crude oil, Union Minister Hardeep Singh Puri indicated. He defended domestic fuel pricing, stating increases have been minimal globally despite market volatility. The government has absorbed significant costs through excise duty cuts, shielding consumers from the full impact of rising international rates. Puri also highlighted Sonbhadra's development progress. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/zIobZt3 >

Iran's oil exports have surged following a peace deal with Washington, with 11 tankers carrying 20 million barrels departing the Gulf of Oman. This increase coincides with new maritime regulations for the Strait of Hormuz. However, the delay of permanent peace talks due to regional clashes casts a shadow on the long-term outlook, with lighter traffic observed on Friday. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/Df6bu30 >

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Oil prices experienced volatility following US Vice President JD Vance's comments, raising concerns about the Iran-US ceasefire's stability. Brent and WTI crude saw declines as Vance warned Israel against further attacks on Hezbollah, casting doubt on the accord's durability. The market now watches the Strait of Hormuz, a key oil transit route, for signs of recovery under the new agreement. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/mpYHJL7 >

Emirates NBD's significant acquisition of a 60% stake in RBL Bank for Rs 26,015 crore signifies a strategic shift in India-UAE economic ties, moving beyond trade to capital and control. This move positions India as a core growth market for the Dubai-based lender, reflecting historical financial linkages and a desire to deepen the relationship with substantial capital. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/JfLW2Ok >

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G7 leaders are uniting to lessen reliance on China for vital minerals, essential for defense and green tech. Plans include coordinated stockpiling, enhanced recycling, and a new platform with the IEA. The goal is to significantly cut dependence on single suppliers by 2030, fostering more secure global supply chains. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/QcAI3uJ >

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India is seeking rare earth samples from Russia. This move aims to diversify critical mineral supplies away from China. State miner IREL is in talks with Rosneft for samples from Siberia's Tomtor deposit. India will study the mineral composition before further engagement. This effort supports India's growing demand for rare earths in electric vehicles and clean energy. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/vJaBxpw >

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Commerce and Industry Minister Piyush Goyal urged French companies to invest in India's manufacturing sector, highlighting the nation as a reliable partner offering scale, talent, and innovation. Speaking at the 'Bharat Innovates' event, Goyal emphasized India's potential as both a large domestic market and a global export hub, driven by a vibrant startup ecosystem. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/IHiO29u >

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India assures ample energy supplies, with over 60 days of crude oil and natural gas reserves. Domestic LPG production has significantly reduced import reliance, ensuring 75-80 days of stock. Despite global price hikes due to the Iran conflict, India has kept domestic fuel prices stable, even seeing a slight decrease due to excise duty cuts. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/1l50NtZ >

The General Insurance Corporation had estimated claims of over $400 million last year from the Air India Ahmedabad crash. Since then, reinsurers have settled some claims. Tata AIG, which was the lead insurer, had a 45% share of the risk. “We fully provided for it in that same quarter itself. Net of reinsurance, our exposure was less than Rs 50 crore,” said Amit Ganorkar, MD & CEO, Tata AIG General. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/L1CJq3d >

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India navigates global trade challenges by fostering dialogue and partnerships, even as nations increasingly protect domestic industries like steel. Minister Piyush Goyal highlighted that despite a less effective WTO, international trade largely operates under its framework. India is actively pursuing free trade agreements to boost market access and attract significant investments, underscoring a commitment to innovation and long-term global integration. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/Pz8luKm >

Global crude benchmarks surged over 2% as Iran declared the Strait of Hormuz closed to all vessels following fresh US military strikes. Brent crude rose to $95.40 and WTI to $92.63 a barrel. Iran's IRGC warned any vessel attempting to transit the strait would be targeted amid escalating regional tensions. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/VxGNLS2 >

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US President Trump is pushing for major AI firms to "give back" to the public, potentially through government stakes or benefit mechanisms. He plans to meet top tech executives soon to discuss this proposal, aiming to enrich citizens and boost AI's popularity. Discussions about a "Public Wealth Fund" model, distributing AI investment returns, are reportedly already underway. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/3YXC6eF >

Chairman Chandra says AI most significant opportunity for enterprise IT, will slow hiring from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/hZP6Q09 >

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