Business Recorder

India scraps capital gains tax on foreign investors in government debt to support Indian rupee

NEW DELHI: India said on Friday it would exempt foreign institutional investors and the Bank for International Settlements from capital gains tax on receipts arising from interest or sale of government securities. The decision, announced through a…

#IndiaUS #EconomicGrowth

Business Recorder

First tranche of US-India trade deal likely by mid-July, says India trade minister

NEW DELHI: India and the United States are moving swiftly toward finalising the first tranche of a bilateral trade agreement that could be concluded by mid-July, Indians Trade Minister Piyush Goyal said on Friday. The U.S. and India reached an ini…

#IndiaUS #Agreement

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UAE markets gain despite stalled US-Iran peace talks

Stock markets in the United Arab Emirates closed higher on Friday, with Dubai outperforming its regional peer despite fading hopes for a diplomatic breakthrough in the U.S.-Israeli conflict with Iran. The Hezbollah rejected a new ceasefire in Leba…

#GulfCountries #IranNegotiation #CrudeOil

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Pakistan risks missing global supply chain shift without pro-export budget measures: PTC

Pakistan could miss a major opportunity to boost exports and attract global buyers relocating supply chains unless the federal budget for FY27 provides immediate relief to exporters, the Pakistan Textile Council (PTC) warned on Friday. In a letter…

#FBR #EconomicGrowth #BudgetFunds

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Indian companies willing to deepen presence in Venezuela, India’s oil minister says

Indian companies are willing to deepen their presence in Venezuela, the South Asian nation’s oil minister Hardeep Singh Puri told the South American country’s Interim President Delcy Rodriguez when they met in New Delhi on Thursday. New Delhi was …

#IndiaUS #CrudeOil

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Indian rupee posts biggest daily gain in 2 months as RBI ramps up currency defence

MUMBAI: The Indian rupee advanced on Friday to post its best session in two months, after the central bank held its policy rate and announced a host of measures to attract dollar inflows over the medium term. The Indian rupee gained 0.9% to end at…

#Region

Business Recorder

Fading hopes of a US-Iran peace deal push copper lower

LONDON: Copper prices fell on Friday, with risk sentiment in growth-dependent metals affected by renewed worries about inflation as hopes for a U.S.-Iran peace deal dim. Benchmark three-month copper on the London Metal Exchange was down 1.1% at $1…

#CrudeOil #IranNegotiation

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Iran declares support for Hezbollah with wider peace deal in doubt

DUBAI: Iran has reaffirmed support for its Lebanese ally Hezbollah and demanded Israel withdraw from southern Lebanon, underscoring complications facing an interim deal to end the broader conflict between the U.S. and Iran. Iran has made a ceasefi…

#LebanonCeasefire #AyatollahKhamenei

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India’s measures to protect Indian rupee seen drawing about $40 billion, analysts say

MUMBAI: India on Friday announced a raft of measures to attract dollar inflows into the country, at a time when rising crude oil prices and record outflows from equities have pushed the rupee to all-time lows. All new 15-year, 30-year and 40-year …

#EconomicGrowth #IndiaUS

Business Recorder

US forces board sanctioned vessel in Indian Ocean, Pentagon says

WASHINGTON: US forces overnight conducted an interdiction of the sanctioned stateless vessel M/T DAVINA in the Indian Ocean, the Indo-Pacific Command said on Friday. “We will continue global maritime enforcement to disrupt illicit networks and int…

#USCongress #IndianTerrorism