NEW DELHI: Industry associations Solvent Extractors’ Association (SEA) and Indian Vegetable Oil Producers’ Association (IVPA) have welcomed the government’s decision to reduce the basic customs duty on crude edible oils to 10 per cent, calling it a timely intervention that supports domestic refiners and discourages imports of finished products.Announced on Friday, the policy reduces the…
Chinese customs officers recently made an unusual discovery, finding dozens of Pop Mart’s popular Labubu toys hidden in suitcases and being smuggled for resale. Far from drugs or weapons, these quirky and popular toys are now part of a growing illegal resale market. The plush characters, created by Hong Kong illustrator Kasing Lung, have become…
NEW DELHI: Foreign portfolio investments in Indian markets reached record levels in May 2025, as confirmed by National Securities Depository Ltd (NSDL) statistics, quoted by ANI. The month recorded net FPI inflows of Rs 19,860 crore, establishing May as the strongest month for foreign investments in 2025.The period from May 26 to May 30 saw…
Australian woman claimed she was detained, strip-searched and then deported out of the US while she wanted to meet her military husband. The US administration debunked the claims of 25-year-old Nicolle Saroukos, an Australian woman who claimed that she was arrested and then deported when she was in the US to visit his American husband…
VIENNA: Saudi Arabia, Russia and six other key OPEC+ members announced on Saturday a huge increase in crude production for July.They will produce an additional 411,000 barrels a day — the same target set for May and then June — according to a statement, which is more than three times greater than the group had…
Elon Musk ‘shoved’ Scott Bessent and it was not just an argument, Steve Bannon told Daily Mail. Elon Musk physically ‘shoved’ Donald Trump’s treasury secretary Scott Bessent and it was not an argument but a full-blown physical fight when Bessent asked Elon Musk about his promises of a trillion-dollar cuts, Daily Mail reported, citing Trump’s…
Finance minister Nirmala Sitharaman NEW DELHI: Finance Minister Nirmala Sitharaman on Saturday endorsed the Central Board of Indirect Taxes and Customs (CBIC) for its detailed clarification on social media allegations surrounding delays and alleged corruption in GST registration processing.Her remarks came after a Twitter user posted screenshot of posted accusations by a LinkedIn user alleging…
Megha Vemuri said MIT’s ban on her from the event Friday was an overreach. Megha Vemuri, the class president of MIT 2025, strongly reacted to the administration’s decision to ban her from the rest of the commencement event Friday and said the institute’s decision was an overreach. Boston Globe reported that Indian-origin Vemuri replied to…
NEW DELHI: The Indian bond market is gaining momentum due to lower inflation and expectations that the Reserve Bank of India will cut interest rates, according to a report by Jefferies.The report indicates favourable conditions for domestic bonds, particularly appealing to long-term investors amid evolving global financial conditions. India’s consumer price inflation has shown a…
Earthquake of magnitute 6.1 strikes Japan JAPAN: A strong earthquake of magnitude of 6.1 struck off the eastern coast of Hokkaido on Saturday evening, according to Japan’s Meteorological Agency (JMA).The quake occurred at 5:37 pm local time (0837 GMT) at a depth of approximately 20 kilometers beneath the seabed. The epicenter was located off the…
