India puts on hold proposal to cut import tax on edible oils: Sources

India has put on hold a proposal to reduce import taxes on edible oils as cooking oil prices started to fall in the world market after hitting record highs, two government and one industry officials said. The world’s biggest vegetable oil importer was considering reducing import taxes after domestic soyoil and palm oil prices more […]

Exports zoom 46.4% in 2 weeks; UAE, Italy top markets

Getty ImagesIndia’s outbound shipments rose 46.43% to $14.06 billion in the first fortnight of this month, led by healthy growth in the exports of engineering, gems and jewellery and petroleum products. Exports grew 52.39% to $7.71 billion during the first week of this month but the rate slowed to around 40% to $6.35 billion in […]

Top homebuilder says the housing boom isn’t over just yet

New York (CNN Business)Intense bidding wars and supply shortages for lumber and other building materials threaten to finally derail the housing market. But one top homebuilder says the good times — for builders, anyway — aren’t over just yet. Lennar (LEN), a Miami-based builder, reported earnings and revenue after the closing bell Wednesday that topped […]

Aashish Chandorkar appointed director at India’s WTO mission

Agencies“Aashish Chandorkar, a private person, is appointed to the post of Councillor, Permanent Mission of India, WTO, Geneva at director level for a period of three years,” the department of commerce said in an office order.The government on Wednesday appointed Aashish Chandorkar, a private person, as Counsellor at the level of director in India’s Permanent […]

Bybit-backed BitDAO Announces USD 230M Funding Round to Fuel R&D

Source: Adobe/Siarhei The recently created decentralized autonomous organization (DAO) BitDAO says it has raised over USD 230m from a private sale funding round. In a press release shared with Cryptonews.com, the DeFi group stated that it had received support from the likes of Peter Thiel, the Founders Fund, Pantera Capital and Dragonfly Capital. The Bybit […]

Pre-Fed jitters keep S&P 500, Nasdaq below record highs at open

June 16 (Reuters) – The S&P 500 and the Nasdaq opened just below record highs on Wednesday, with investors on edge before potential hints from the Federal Reserve on when it would taper its massive monetary stimulus. The S&P 500 (.SPX) opened higher by 2.28 points, or 0.05%, at 4,248.87, while the Nasdaq Composite (.IXIC) […]