Monday, August 24
India has decided not to extend import duty concessions to New Zealand for several sensitive sectors, including dairy, vegetables, sugar, copper, and aluminium, under the free trade agreement (FTA) set to be signed within the next three months. Officials said the move aims to safeguard the interests of Indian farmers and MSMEs.The two countries announced on Monday that negotiations for the FTA have concluded, with the pact expected to be implemented next year.Under the agreement, a detailed exclusion list will protect key domestic sectors. It includes dairy products such as milk, cream, whey, yoghurt, and cheese; animal products other than sheep meat; vegetables like onions, chana, peas, corn, and almonds; sugar and artificial honey; and animal, vegetable, or microbial fats and oils. Non-a
BSE shares jumped over 3% to the day's high of Rs 2,769.90 after ET Markets reported that the stock exchange intends to launch more monthly index option products as well as revamp its Bankex index.BSE shares are already up around 53% this year, and the stock is among the best-performing capital market infrastructure-related stocks with a 4,000% rally in the last 5 years.Earlier in the day, ET reported that BSE is planning to launch more monthly index option products to increase its market share in the lucrative derivatives segment and also give its Bankex index a complete makeover."We are making it a stronger index," BSE MD and CEO Sundararaman Ramamurthy told ET Markets in an exclusive interaction. "We want to make monthly derivatives for Bankex a big product by telling people to try mont
New Delhi: Gold and critical minerals exploration and mining firm Deccan Gold Mines Ltd on Monday announced the commencement of initial trials ahead of the commissioning of its gold mining project in Kyrgyzstan.The breakthrough paves the way for full-scale gold production.In the pre-commissioning phase, the company is likely to process approximately 20,000-30,000 tonnes of ore. Gold recovered during the trial phase will be produced as saleable concentrate or dore bars, providing early validation of process performance before progressive commissioning."Deccan Gold Mines Ltd...announced the commencement of pre-commissioning trials at its Altyn Tor Gold Project in Kyrgyzstan," the company said in a statement. Deccan Gold Mines Ltd Managing Director Hanuma Prasad Modali said as the project adv
New Delhi: Electric two-wheeler maker Ather Energy on Monday said it will hike prices of its scooter lineup up to Rs 3,000 across models from January 1 citing rise in input costs and adverse forex impact.The increase comes as raw material, forex and key electronics components prices rise globally, Ather Energy said in a statement.The company's current product portfolio consists of the 450 series of performance scooters and family scooter Rizta with starting prices ranging from Rs 1,14,546 to Rs 1,82,946 (ex-New Delhi).Ather said it is currently offering its 'Electric December' scheme with benefits of up to Rs 20,000 across select cities. Ather Energy shares made their stock market debut in May this year. The stock has already given double digit returns, rallying 118% from its issue price i
