BCCL files DRHP for IPO
In a regulatory filing on Saturday, CIL said the DRHP, pertains to an offer for sale (OFS) of up to 46.57 crore equity shares by Coal India. The IPO remains subject to receipt of necessary approvals, market conditions, and other considerations, it added.
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Economic Times
43 minutes ago
- Economic Times
Gold will not be tariffed, says Trump amid chaos that shook the bullion markets
Synopsis Donald Trump has announced that gold imports will not face additional tariffs. This statement comes after confusion arose regarding recent duty hikes. US customs authorities had suggested certain gold bars might be subject to duties. The initial letter caused concerns about potential disruptions to global gold trade. Trump clarified his stance on Truth Social, stating gold will not be tariffed. PTI US President Donald Trump said Monday that gold imports will not face additional tariffs, days after confusion flared on whether his recent duty hikes applied to certain gold bars, threatening to upend global trade of the precious metal."Gold will not be Tariffed!" Trump said on his Truth Social platform, without providing further details. Last week, US customs authorities issued a letter saying that gold bars at two standard weights -- one kilogram and 100 ounces (2.8 kilos) -- should be classified as subject to duties.
The Print
an hour ago
- The Print
UP govt to soon decide developer for multimodal logistics park in Greater Noida
Adani Ports and Special Economic Zone Ltd, Super Handlers and Empezar Logistics have made their bids, and a high-powered committee is going to look at their proposals and take a call after that. Greater Noida Industrial Development Authority recently invited bids for the project, with an aim to attract over Rs 1,200 crore in investment, create at least 5,000 jobs, and speed up freight movement. New Delhi, Aug 9 (PTI) The Uttar Pradesh government will soon finalise a developer to set up the 174-acre multimodal logistics park in Greater Nodia. 'Three companies have submitted their bid for developing a multimodal logistics park at Greater Noida. A high-powered committee headed by the Chief Secretary will soon evaluate the proposal and take a call accordingly,' Uttar Pradesh Minister for Industrial Development, Export Promotion, NRI, and Investment Promotion, Nand Gopal Gupta Nandi said. The objective is to make Uttar Pradesh the most preferred investment destination in the country, and towards this end, the government is formulating investor-friendly policies, he added. 'The development of a multimodal logistics park in Greater Noida is a quest in that direction. With the upcoming Jewar Airport in its proximity, the multimodal logistics park may play an important role in the economic development of the region and would lead to thousands of employment generation, both direct and indirect,' he pointed out. The proposed logistics park will have proximity to Noida International Airport and easy access to Eastern and Western Dedicated Freight Corridors. It is also close to the Concor-operated dry port that handles container storage and processing. Other salient features of the park include cargo handling yards, warehousing facilities, a skill development centre, and other logistics services for the cargo terminal process. According to the 'Scheme for Allotment of Plot for Development of Multi-Modal Logistic Park at Greater Noida', a minimum of Rs 1,200 crore investment is envisaged for the development, excluding the cost of land. The allotment of 174.12 acres of contiguous land at Kappa 2 will be made on a leasehold basis for 90 years from the date of execution of the lease deed. PTI DP BAL BAL This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
News18
an hour ago
- News18
US tariffs on Indian oil imports from Russia a 'big blow' to Moscow: Trump
Agency: Last Updated: August 11, 2025, 22:45 IST Representational image (Image: News18) Washington/New York, Aug 11 (PTI) President Donald Trump on Monday said American tariffs imposed on India for purchasing Russian oil have dealt a 'big blow" to Moscow's economy, which is not doing well, as he referred to New Delhi as Russia's 'largest or second largest oil buyer". Addressing a press conference at the White House, Trump claimed that Russia's economy has been severely disrupted by the ongoing global pressures due to the imposition of US tariffs on several countries. 'I think Russia has to get back into building their country. It's a massive country… They have tremendous potential in Russia to do well. They're not doing well. Their economy is not doing well right now because it's been very well disturbed by this," he said. 'Doesn't help when the President of the United States tells their largest or second-largest oil buyer that we're putting a 50% tariff on you if you buy oil from Russia. That was a big blow," Trump said, in an apparent reference to India. Trump has imposed 25 per cent reciprocal tariffs on India, along with an additional 25 per cent levy on its purchases of Russian oil, resulting in a total of 50 per cent duties. Trump is scheduled to meet Russian President Vladimir Putin in Alaska on Friday, where he expects 'constructive conversations". 'I thought it was very respectful that the President of Russia is coming to our country, as opposed to us going to his country or even a third-party place. But I think we'll have constructive conversations," he said, adding that he would speak with European leaders after the meeting. Trump also mentioned his plans to engage with Ukrainian President Volodymyr Zelenskyy. 'The next meeting will be with Zelenskyy and Putin, or Zelenskyy and Putin and me. I'll be there if they need but I want to have a meeting set up between the two leaders," he said. Trump also claimed that he has solved five wars so far in his second term in the White House and again claimed he stopped the conflict between India and Pakistan. India has been consistently maintaining that the understanding on cessation of hostilities with Pakistan was reached following direct talks between the Directors General of Military Operations (DGMOs) of the two militaries. Swipe Left For Next Video View all 'We solved five wars. Pakistan and India, we just solved one," between Azerbaijan and Armenia, he said. On relations with China, Trump remarked, 'We've been dealing very nicely with China… They have tremendous tariffs that they're paying to the United States of America. And we'll see what happens. They've been dealing quite nicely. The relationship is very good with President Xi and myself." PTI YAS SCY SCY (This story has not been edited by News18 staff and is published from a syndicated news agency feed - PTI) view comments News agency-feeds US tariffs on Indian oil imports from Russia a big blow to Moscow: Trump Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy. Read More
