New Delhi: Global energy major BP has agreed to sell a majority stake in its Castrol lubricants business to investment firm Stonepeak, valuing the iconic brand at approximately $8 billion. The transaction marks BP’s largest single divestiture in recent years and reflects the company’s ongoing strategy to streamline its portfolio…
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GI-Tagged Indi Lime from Karnataka Exports to Oman
In a landmark move for India’s agricultural exports, 3 metric tonnes (MTs) of GI-tagged Indi Lime from Vijayapura district, Karnataka, were exported to Oman on 19 December 2025. This shipment marks the entry of India’s renowned citrus fruit into a new international market, further strengthening the country’s agri-trade footprint. Building…
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NCEL Boosts Cooperative Exports with ₹10.3 Crore Orders
National Cooperative Exports Limited (NCEL) has successfully secured export orders worth ₹10.3 crore in the third quarter of FY 2025–26. The orders cover a range of agricultural commodities including turmeric, cumin, wheat, millets, and other allied products. Established to provide cooperative societies with access to international markets, NCEL exports surplus…
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India–Oman Free Trade Pact Unlocks New Opportunities
The India–Oman Free Trade Agreement (FTA) is set to unlock significant opportunities across key sectors including textiles, food processing, automobiles, gems and jewellery, agrochemicals, renewable energy, and auto components, said Union Minister of Commerce and Industry, Shri Piyush Goyal, while addressing the India–Oman Business Forum in Muscat on 17 December…
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Indian Markets Rally After Fed Rate Cut Despite Rupee Weakness
Mumbai Indian equity benchmarks snapped a three-session losing streak on Thursday as the US Federal Reserve’s 25-basis-point interest rate cut bolstered global liquidity and market sentiment. The S&P BSE Sensex climbed 0.51% to 84,818.13 points, while the NSE Nifty 50 rose 0.55% to 25,898.55, led by broad gains across sectors….
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FDDI Convocation: President Murmu & Piyush Goyal Inspire Graduates
The President of India, Smt. Droupadi Murmu, presided over the convocation ceremony of the Footwear Design and Development Institute (FDDI) in New Delhi, conferring certificates to over 500 graduating students. She highlighted FDDI’s status as an Institute of national importance since 2017 and underscored India’s global standing as the second-largest…
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Trump–Xi Summit: Tariff Cuts and Soybean Truce
U.S. President Donald Trump and Chinese President Xi Jinping held a high-stakes bilateral meeting in Busan on October 30 that produced a tentative trade truce cuts to selected tariffs, a major soybean purchase commitment by Beijing and a pause on some rare-earth export curbs. Officials said follow-up deals could be…
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Fed Cuts Rates Again, Powell Hints No December Easing
The US Federal Reserve has approved its second consecutive interest rate cut, lowering the benchmark federal funds rate to a range between 3.75% and 4%. However, Fed Chair Jerome Powell has signaled uncertainty over whether another reduction will follow in December, dampening market optimism. Rate Cut Aimed at Supporting Slowing…
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Oil Prices Surge 5% After US Sanctions on Russian Giants
Global oil prices spiked sharply on Thursday after the United States imposed sweeping sanctions on Russia’s largest oil companies, Rosneft PJSC and Lukoil PJSC. Brent crude surged by more than 5%, trading near $66 a barrel — its biggest single-day gain since the Israel-Iran conflict began in mid-June. The sanctions,…
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India Risks Becoming ‘Anti-AI Play’ in Global Markets: HSBC
New Delhi, October 20, 2025: Global brokerage firm HSBC has warned that India may be positioning itself as an “anti-AI play” in global markets, as the rest of the world accelerates adoption of artificial intelligence across sectors. The report raises concerns that the Indian IT and services sectors could face…