Centre exempt all customs duties on cotton import from June 1 till Oct 30 IANS | 30 May, 2026 The government on Saturday announced a temporary exemption on all customs duties on the import of cotton from June 1 till October 30, to augment its availability for the Indian textile sector amid geopolitical tensions.
The Indian equity benchmarks posted notable losses during the week due to sustained FII selling and below-normal monsoon forecast, causing fears of food inflation.
Adani Ports and Special Economic Zone Ltd (APSEZ) on Thursday said it has signed a definitive agreement to acquire Jaypee Fertilizers & Industries Ltd (JFIL) for Rs 1,500 crore as part of the NCLT-approved resolution plan for Jaiprakash Associates Ltd (JAL).
Gold and silver showed volatility on Monday amid rising geopolitical tensions in West Asia, which typically support safe-haven demand, and a sharp rise in US Treasury yields.
The marginal Rs 3 per litre hike in petrol and diesel prices announced by the government is a mere drop in the bucket compared to the huge losses that the public sector oil companies are absorbing due to soaring global prices of crude oil, which have crossed $100 a barrel, a senior official said on Friday.
