Business

US sanctions 8 Indians, firms over Iran energy trade

Washington: Eight Indian nationals and several India-based firms are among the over 50 entities and persons sanctioned by the US for allegedly facilitating Iranian energy trade, according to an official statement. The State Department imposed sanctions on approximately 40 entities, individuals and vessels to "deny...

Donald Trump and Xi Jinping

Trump threatens 100% tariff on Chinese imports from November 1

Washington: President Donald Trump Friday threatened to place an additional 100 per cent tax on Chinese imports starting November 1 or sooner, potentially escalating tariff rates close to levels that in April fanned fears of a global recession. The president expressed frustration with new export...

foreign exchange reserves

India’s forex reserves stand at $699.96 billion

Mumbai: India's foreign exchange reserves stood at $699.96 billion for the week ended Oct 3, data released by the RBI Friday showed. Foreign currency assets, a major component of the reserves, stood at $577.71 billion during the week. Expressed in dollar terms, the foreign currency...

 

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