New Delhi, Mar 16 (PTI) The interim trade agreement between India and the US will be signed once the new global tariff architecture of America is in place, a senior government official said on Monday. “Because at the end of it, each country is doing a deal as a part of a package where one is at comparative advantage…vis a vis competitors,” the official said. India and the US last month announced finalisation of a framework for the first phase of the bilateral trade agreement. According to that framework, the US had agreed to reduce tariffs on India to 18

Mumbai, Mar 16 (PTI): The rupee stayed weak and lost 13 paise to 92.43 against the US dollar in early trade on Monday, weighed down by massive withdrawal of foreign funds and surging crude oil prices amid geopolitical uncertainties. Volatile sentiment in domestic equity markets further dragged the currency down even as the greenback retreated from higher levels, according to forex traders. At the interbank foreign exchange, the local unit opened at 92.44 and stayed close to its lowest-ever intra-day level, trading at 92.43 against the greenback, registering a loss of 13 paise from its previous close. In the preceding

BENGALURU, Mar 16 (Reuters) – Shares of IDBI Bank (IDBI.NS), slumped as much as 16.5% on Monday after reports that the Indian government ​would shelve bids for a majority stake in the lender, as the ‌offers were below the minimum price expectation. The shares were trading 15.2% lower at 78.20 rupees as of 12:57 a.m. IST, set for their biggest single-day drop since June 2024. The government has been ​trying to sell a stake in IDBI Bank for the last four years ​as part of a broader push to privatise state-run firms. The planned ⁠sale included a 30.48% stake held