Steel stocks crash, OMCs mixed after cut in duties

MUMBAI: Stocks of iron & steel producers crashed on Monday, while that of oil marketing companies (OMCs) witnessed selling following the government’s Saturday decision to increase export duty on some steel products and iron pellets, and cut levies on petro products. The move led to speculation in the bond market too, about whether it would … Read more

A Russian diplomat resigns over war, says he’s never been so ashamed of his country

GENEVA: A diplomat in Russia’s mission to the United Nations in Geneva quit his post on Monday, expressing shame over Russia’s invasion of Ukraine and describing it as a crime against both countries. Boris Bondarev, a counselor in the Russian mission since 2019 who described himself as a 20-year veteran of Russia’s foreign ministry, announced … Read more

CGHS payment delay worries private hospitals | India News

NEW DELHI: Private hospitals have raised concerns over delay in payment for treating patients under government’s Central Government Health Services (CGHS) scheme. Max hospital has stopped out-patient services for CGHS beneficiaries from today citing long delays in reimbursement, sources said. Some other hospitals may also follow suit. In a meeting with the health ministry on … Read more

Pact inked for enhanced US investment support in India

NEW DELHI: India and the US signed an investment incentive agreement (IIA) in Tokyo that will supersede the earlier agreement of 1997. The agreement for enhanced US investment support was signed by foreign secretary Vinay Kwatra and US International Development Finance Corporation (DFC) CEO Scott Nathan. “Significant developments have taken place since signing of the … Read more

US’s Indo-Pacific economic plan gets a move on even as China looms

While a dozen countries joined the US in welcoming and launching the IPEF, the joint statement as expected was carefully worded. It said the 13 partner countries Monday launched “collective discussions toward future negotiations’’ on 4 pillars – trade, supply chains, clean energy and tax and anti-corruption. The US was reported to have diluted the … Read more