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duties on about half a dozen US products, including chickpeas, lentils and apples, which were imposed in 2019 in response to America's decision to increase tariffs on certain steel and aluminium products. India had imposed these duties on 28 US products in 2019 in retaliation to the US' move. The finance ministry through a notification dated September 5 informed about removal of duties on the products, including chickpeas, lentils (masur), apples, walnut in shell and almonds fresh or dried, as well as almond shelled. The move comes ahead of US President Joe Biden's visit to India to attend the G20 Summit on September 9-10, which would be preceded by a bilateral meeting with Prime Minister Narendra Modi on Friday. During the prime minister's state visit to the US in June, both countries decided to terminate six WTO (World Trade Organization) disputes and also remove the retaliatory tariffs on certain US products. As part of the agreement, India will be removing additional duty on chickpeas (10 per cent), lentils (20 per cent), almonds fresh or dried (Rs 7 per kg), almonds shelled (Rs 20 per kg), walnuts (20 per cent), and apples fresh (20 per cent). In July, Minister of State for Commerce and Industry Anupriya Patel in a written reply to the Rajya Sabha had said the government has decided to remove retaliatory customs duties on import of almonds (fresh or dried, in shell), walnuts, chickpeas, lentils, apples, medical diagnostic reagents, and boric acid. The removal of retaliatory tariffs or cuts in import duty with the US did not result in a loss to India, she had said. The US is the largest trading partner of India.

map," China has been questioned by various countries with many of them lodging protests against the nation. Japan is the latest country to join the others in rejecting Beijing's map. According to Matsuno Hirokazu, chief cabinet secretary of Japan, the map's description of the Senkaku Islands is based on Beijing's claims. Hirokazu said the islands are unquestionably an «inherent part» of Japan's territory, in terms of both history and international law, according to Japanese public broadcaster, NHK World. He said that Japan has lodged a strong protest with Beijing via diplomatic channels and has demanded an immediate retraction of the description on the map. However, a Chinese foreign ministry spokesperson dismissed the Japanese government's protest over a description of Japan's Senkaku Islands in a new map released by Beijing, according to NHK. Notably, Japan controls the islands.

China plans to expand a ban on the use of iPhones in sensitive departments to government-backed agencies and state companies, a sign of growing challenges for Apple Inc. in its biggest foreign market and global production base. Several agencies have begun instructing staff not to bring their iPhones to work, people familiar with the matter said, affirming a previous report from the Wall Street Journal.

consumer spending in the economy. According to customs data released on Thursday, China’s exports dipped 8.8% year-on-year (YoY) to $284.87 billion in August, registering its fourth straight month of decline. However, exports beat a forecast of 9.2% fall in a Reuters poll and off a 14.5% drop in July.

On the Comex, Brent Oil futures were trading at $90.420, down $0.180 or 0.200%. After a strong rally, crude oil futures are witnessing some profit-booking at higher levels, but the overall trend remains positive, and a buy-on-dips strategy is recommended, analyst Anuj Gupta, Head Commodity & Currency at HDFC Securities, told ETMarkets. He suggests a buy at Rs 7,050 with a stop loss of Rs 6,950 and a target of Rs 7,300. The prices are at 10-month high levels, the analyst informed. Crude oil futures have gained 5.47% or Rs 377/bbl in September while the year-to-day gains stand at Rs 694 or 10.59%, Gupta said. Analyst Prathamesh Mallya, Deputy Vice President, Research, Non-Agro Commodities & Currency at Angel One, believes that the uptick in prices is on the back of declining US inventories and sustained production cuts by Saudi Arabia and Russia, and the situation could remain as it is, going ahead. Earlier, Reuters reported the US crude oil inventories were projected to fall by 5.5 million barrels in the week ending September 1, quoting market sources in the American Petroleum Institute.

opposing Sanatana, it should be eradicated," Udhayanidhi Stalin said and came under intense criticism from the Bharatiya Janata Party (BJP). As a result of the remark on Sanatana Dharma, Udhayanidhi Stalin, the son of Tamil Nadu Chief Minister MK Stalin, and Congress leader Priyank Kharge were booked on Wednesday for "hurting religious sentiments".

A massive blowout in costs at Bubs Australia was due to $17 million in marketing and travel expenses, as well as $2 million spent on legal fees and another $3.6 million outlay on consulting charges, the infant formula company’s annual report shows.

CEO of Man Group Robyn Grew

'We will extend our review to cover similar issues relating to a wider set of national accounts measures as appropriate,' the OSR said.

Two federal agencies of the United States — the Department of the Treasury and the Internal Revenue Service (IRS) — have released a set of cryptocurrency regulations proposal detailing brokers' reporting requirement.

Google is making updates to its political content policy to include a new mandate that all verified election advertisers must disclose uses of artificial intelligence (AI) in campaign content. 

Probal Sen, V-P, Equity Reearch, ICICI Securities, says “higher demand from gas fired power would definitely drive prospects for Petronet, GAIL, as well as GSPL. As far as the CGDs is concerned, there was a little bit of a correction post the first quarter results across the board. Specifically, if I look at IGL and MGL, post the first quarter results. I think that confidence is coming back. That is why LNG prices continue to be in a fairly limited range, European inventory remains very comfortable so there is very little chance of additional buying coming through from that continent for LNG cargoes.”China is not coming back the way everybody expected. Europe is still in a disarray. The US economic growth is uneven and crude prices are up. Historically, crude is a function of demand or supply. Both are balancing each other yet crude prices have gone from $75 to $90. Why?I would not quite say that demand and supply are that balanced.

The Financial Accounting Standards Board (FASB) in the United States has given unanimous approval to new accounting standards for disclosure of cryptocurrency holdings. 

Nifty are up nearly 2 per cent in September so far. While the sentiment seems to have slightly improved, the market has to deal with many headwinds in the short term. The risk of inflation is not gone, interest rates are high and central banks have been saying they can still raise rates.

Narendra Modi, amid the unfolding controversy, advised his ministerial team to steer clear of the escalating debate around the name 'Bharat'. During a meeting with the Union Council of Ministers, PM Modi stated that 'Bharat' is an ancient name for the country.

The United States’ legal system is set to bring the crypto industry “back in the game” after the Biden administration “screwed up” its crypto policy, says Ripple Labs chair and co-founder Chris Larsen.

The United States Financial Accounting Standards Board’s new rules for crypto accounting will eliminate the “poor optics” that plagued companies holding digital assets, according to analysts from Berenberg Capital.

IFM Investors’ private equity unit has invested $80 million into software business Tally Group, which specialises in administering and billing for customers who use the grid for drawing and sending power.

Ruby Franke, a Utah mother of six who documented her family’s life on the now-defunct YouTube channel “8 Passengers,” has been charged with six counts of child abuse, along with her business partner Jodi Hildebrandt.

rupee fell 2 paise to hit the lowest level of 83.15 against the US dollar in early trade on Thursday amid a strong American currency and elevated crude oil prices. Forex traders said, massive selling of equities by foreign investors in the past few sessions and subdued market sentiment also put pressure on the Indian currency. Crude oil breached the level of USD 90 per barrel after oil producing countries agreed to extend supply cut till December this year, while dollar strengthened on safe-haven demand. At the interbank foreign exchange, the domestic unit opened at 83.15 against the dollar, 2 paise lower from its previous close.

Indian equity market has witnessed several upswings in recent years, but the current rally is particularly noteworthy for its strength and breadth. Though inflation concerns and risk aversion due to Fitch’s downgrade of US credit rating may have led to some sobering of sentiments in the India Equity, the long-term growth prospects look intact. If we look at the broader macro backdrop in the past cycle, there are notable differences between the current rally vs the pre-covid times — that is, 2013-2018 (especially in mid/small category). The current rally is positively different from the previous rally in the 2013-18 period in several ways.