India close to finalising $100 bn deal with Norway, Switzerland among other EFTA nations
The European Free Trade Association (EFTA), which includes Norway, Iceland, Liechtenstein, and Switzerland, has committed as part of a trade pact currently in its final negotiation stage, as reported by Bloomberg, citing individuals familiar with the matter.
Follow usNews Arena Network - New Delhi - UPDATED: February 8, 2024, 06:51 AM - 2 mins read
The EFTA is close to investing $100 billion in India over the course of next 15 years.
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Economy
See AllJuly 7, 2024, 11:46 PM - 2 mins read
Among sector trends, FMCG and Pharma sectors were the bright spots. The FMCG index emerged as the frontrunner, led by gains in Hindustan Unilever, ITC, and Marico stocks. Conversely, the Nifty Bank index traded lower, slipping 0.6 percent, with major laggards including ICICI Bank and Bank of Baroda.
Read moreJuly 7, 2024, 11:41 PM - 2 mins read
Modi is set to meet with Russian President Vladimir Putin during the visit, which will extend into Tuesday. India’s Foreign Secretary Vinay Kwatra told reporters in New Delhi that given the lack of recent summits, several issues on the bilateral agenda “have piled up, which need to be addressed.” Senior Indian diplomats, speaking on condition of anonymity, said that while major announcements are unlikely, Modi’s visit is intended to send a signal that the two sides remain close.
Read moreJuly 7, 2024, 06:54 AM - 3 mins read
With the new government taking charge in Britain, senior officials of India and the UK will hold the next round of talks this month for the proposed free trade agreement to resolve the pending issues and close the negotiations, an official has said.
Read moreJuly 6, 2024, 01:36 AM - 2 mins read
The airport's integrated cargo terminal was formally launched on Friday in the presence of officials from AAHL Cargo, Mangaluru International Airport, Customs, IndiGo, Air India Express, and CISF.
Read moreJuly 5, 2024, 03:55 AM - 2 mins read
Despite the dip in major indices, most broader market indices ended in positive territory as volatility declined. Among sectoral indices, Nifty Financial Services and Nifty Bank were the top losers, primarily due to a significant 4.5% drop in HDFC Bank shares.
Read moreJuly 5, 2024, 02:55 AM - 2 mins read
The report highlighted that the cost of a vegetarian thali, which includes roti, vegetables (onions, tomatoes, and potatoes), rice, dal, curd, and salad, rose to Rs 29.4 per plate in June. This marks an increase from Rs 26.7 in the same period last year and from Rs 27.8 in May 2024.
Read moreJuly 5, 2024, 12:54 AM - 2 mins read
A source revealed that Swiggy has been testing the UPI service with its employees for the past month and plans to gradually roll out the service to all users in phases over the coming months. The UPI Plugin, launched by the National Payments Corporation of India (NPCI) in 2022, allows merchants to offer UPI payment services within their apps without needing a TPAP license.
Read moreJuly 4, 2024, 11:21 PM - 2 mins read
Sources reveal that ahead of the Council meeting, Finance Minister Nirmala Sitharaman will provide an initial overview of the ‘Viksit Bharat’ vision and action plan in the upcoming Budget later this month. The ambitious goal includes positioning India as a $30 trillion economy by 2047, driven by significant policy reforms and governance changes by 2030.
Read moreJuly 4, 2024, 04:06 AM - 2 mins read
Top gainers of the day included Tata Motors, HCL Tech, ICICI Bank, Sun Pharma and TCS. On the flip side, the day's laggards were HDFC Bank, Bajaj Finance, Adani Entertainment, Wipro, and Tech Mahindra. Sectoral indices showed a mixed performance. Financial services, FMCG, media, and metal ended the day in red.
Read moreJuly 4, 2024, 03:02 AM - 3 mins read
Industry leaders like Jasvinder Bedi and Ramesh Alluri Reddy have rightly pointed out the need for a focus on skill development and formal job creation. The staffing industry plays a vital role in this regard and deserves official recognition and support. The upcoming budget must prioritize initiatives that bridge the skill gap and create a workforce ready for the demands of the modern economy.
Read moreJuly 3, 2024, 11:29 PM - 2 mins read
Among the top performers in the Sensex pack were Tata Motors, ICICI Bank, Mahindra & Mahindra, Infosys, HCL Technologies, and Tata Consultancy Services. Conversely, HDFC Bank, IndusInd Bank, Adani Ports and Special Economic Zone, and Bharti Airtel were among the laggards.
Read moreJuly 3, 2024, 11:20 PM - 2 mins read
The announcement follows the finalisation of debt restructuring agreements with bilateral lenders, including India and China, in Paris on June 26. President Ranil Wickremesinghe described this earlier agreement as a “significant milestone” in bolstering international trust in Sri Lanka's debt-ridden economy.
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