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‘Ocean freight rates will come down eventually, we have seen this before’: DP World COO
Global ocean freight rates are predicted to decrease after a surge due to logistical disruptions from the US-Iran conflict. DP World rerouted shipping routes through India to mitigate the impact on trade, showcasing the importance of Indian partnerships. Investment in Jebel Ali Free Zone increased significantly, with over 270 new Indian companies starting operations recently. Alternative routes were implemented for Indian cargo to bypass maritime bottlenecks, enhancing connectivity for trade.
Nvidia shares drop 5.75% after reports of probe into Jensen Huang's alleged link to Chinese spy
Nvidia's stock plunged by more than 5 percent amid an inquiry into CEO Jensen Huang's connections to a businesswoman linked to intelligence work. Chris Weston emphasized that this growing uncertainty is detrimental for Nvidia's shares, particularly as the data center sector thrives. The inquiry also disrupted corporate interactions among Nvidia leaders. Analysts cautioned that the ongoing probe could have ripple effects on semiconductor investments across multiple regions.
Yuan holds firm against dollar as seasonal corporate selling offsets greenback strength
China's yuan remained stable against the US dollar as seasonal year-end dollar sales by exporters offset greenback strength following robust US jobs data. Beijing's efforts to manage currency appreciation, alongside foreign exchange reserve adjustments, supported stability. Meanwhile, inflation trends and subdued domestic demand continued influencing monetary policy and currency movements.
US midterm results may give India trade leverage, but tariff and AI risks remain
The US midterm results may give India some room in trade negotiations by increasing congressional scrutiny of executive action, but they do not remove tariff risks or alter Washington's strategic priorities. AI investment is also unlikely to retreat, with capital expected to remain within the US rather than shift significantly to emerging markets.
Horoscope Today, November 9, 2026: Cancer Reviews Home Expenses, Leo Gains Through Communication, Virgo Plans Savings
Today focuses on domestic stability, active communication, and structured resource management. The Moon in Libra highlights home workspace organization, short-distance business travel, and detailed financial administration. Avoid hasty expenditures or impulse shopping, and maintain clear communication with family and colleagues. Cancer can build home-front security; Leo can lead dynamic presentations and track micro-expenses; and Virgo can audit financial portfolios and clear administrative paperwork.
Horoscope Today, November 8, 2026: Cancer Seeks Emotional Clarity, Leo Embraces New Possibilities and Virgo Focuses on Balance This Diwali
Today focuses on domestic foundations, active communication, and structured resource management. The Moon in Libra highlights home workspace organization, client outreach, and detailed financial administration. Avoid hasty expenditures or impulse shopping, and maintain clear communication with family and colleagues. Cancer can build home-front stability; Leo can lead dynamic presentations and manage short trips; and Virgo can organize financial portfolios and clear administrative paperwork.
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DGFT invites applications for vehicle import quotas under India-UK FTA
The government of India has opened applications for importers seeking duty concessions under the India-UK trade pact. This initiative relates to a quota of 24,500 passenger cars and 2,750 transport vehicles. The applications are accepted from November 6, 2026 to November 21, 2026, according to the Directorate General of Foreign Trade. The Comprehensive Economic and Trade Agreement allows reduced tariffs on vehicle imports between the two nations.
Horoscope Today, November 7, 2026: Aries, Taurus and Gemini Focus on Relationships, Emotional Clarity and Important Choices
The Moon begins the day in Virgo and moves into Libra by afternoon, shifting attention toward partnerships, creativity, and personal connections. The planetary influences highlight work responsibilities, financial planning, domestic matters, and creative activities. Aries can overcome workplace challenges and strengthen business partnerships; Taurus can focus on creative ideas and improve daily work routines; and Gemini can manage domestic responsibilities while exploring new creative opportunities.
EU and India conclude negotiations on association to Horizon Europe to push innovation ties
India and the European Commission have completed negotiations for India’s association with Horizon Europe. The agreement is expected to enhance scientific cooperation between Europe and India significantly. Researchers from India will gain access to Horizon Europe funding and can lead joint projects addressing pressing global challenges. This association aims to facilitate collaboration in various fields, including health, climate, and energy.
ETtech Explainer: How House of Nykaa is emerging as a growth and margin driver
On Wednesday, Nykaa announced plans to acquire an 82% stake in Simply Nam for up to Rs 33 crore, bringing the brand into its House of Nykaa portfolio as it looks to tap into consumer segments beyond its core marketplace business.
American midterm results will not have an impact on India-US interim trade deal: Sources
The Democrats' sweeping victory in the US midterm elections is unlikely to affect the India-US interim trade agreement, as the pact does not require formal Congressional ratification, sources said. However, ongoing Section 301 investigations into forced labour and excess industrial capacity could influence Washington's tariff structure and the finalisation of the agreement.
Trump's midterm election setback may fast-track India-US trade deal within two months says founder, GTRI
Ajay Srivastava, Founder of the Global Trade Research Initiative (GTRI) said the election results could push Trump to focus more on trade negotiations and expedite the proposed agreement with India.
Rs 21.6 lakh speculative trading loss in stock market triggers Income Tax notice for no tax audit; Trader wins case at ITAT Cuttack
Mr. Kumar, a diligent stock trader, faced considerable financial setbacks but overlooked the necessity of a tax audit. In response to his failure to comply with audit rules, the Income Tax Department slapped him with a penalty. After an unsuccessful appeal to CIT (A), he sought relief from ITAT Cuttack, which determined that Kumar's trading did not equate to business income needing an audit.
Oman tightens expat worker recruitment rules from January 2027; agencies must provide insurance, refunds
Effective January 1, 2027, Oman is set to enforce new, tougher rules for hiring expatriate workers, which will necessitate insurance coverage and adherence to recruitment timelines. Recruitment agencies will shoulder increased financial duties, including the possibility of refunds for employers.
EAM Jaishankar discusses economic partnership, CETA with UK’s Burnham on CHOGM sidelines
S Jaishankar met UK Prime Minister Andy Burnham in Antigua and Barbuda for CHOGM 2026 discussions. They focused on strengthening economic partnerships under the Comprehensive Economic and Trade Agreement. Jaishankar emphasized the importance of digital solutions and climate initiatives during a Commonwealth meeting. He highlighted local distribution networks and the role of the Indian business community in fostering connections.
Reset will keep India busy as Trump’s midterm loss redraws US politics
The recent US midterm elections have significant implications for international relations and the economy. Incoming policies may impact trade agreements between India and the US, affecting both countries' economies. Additionally, potential conflicts involving Iran could influence energy prices in India, creating economic uncertainty. The evolving political landscape in Washington will require India to adjust its diplomatic strategies.
Crazy economics gets a stop button
After the US midterm elections, stock futures show a positive reaction despite ongoing economic uncertainties. Trump's legislative agenda faces gridlock, impacting his trade and immigration policies significantly. The focus will shift to regulating AI, potentially stalling infrastructure growth in the US economy. India's position in trade negotiations may improve due to Trump's need for success overseas.
Canada says US midterms won't change trade stance, sees talks with American officials
A senior Canadian cabinet minister stated that the US midterm election results will not affect trade negotiations. Dominic LeBlanc mentioned he would soon communicate with US officials regarding trade matters. President Trump suggested that a trade deal with Canada is close, but significant work remains. Canadian Prime Minister Mark Carney confirmed that certain US demands have been scaled back.
Sebi sets up working group to review Innovators Growth Platform framework
SEBI has formed a working group to review Innovators Growth Platform regulations and improve capital access for startups. The panel will examine listing eligibility, fundraising, investor participation, disclosures and migration to mainboards while safeguarding investor interests.
US trade deficit contracts slightly in September
In September, the US trade deficit decreased by 0.6 percent, driven by capital goods imports and strong exports. Imports rose by 1.2 percent to $426.6 billion, primarily fueled by computers and accessories. Additionally, crude oil imports saw a reduction of $1.3 billion during this period. On the other hand, exports climbed by 1.8 percent, reaching $321.5 billion due to oil, food, and capital goods.
From Iran to trade, how the US midterms impact the rest of the world
US Democrats' recent midterm election victories could influence global relations, especially concerning Iran and Israel. The potential for a peace deal with Iran seems viable as US voters oppose prolonged conflicts. In Ukraine, Democrats may propose increased financial and military aid, which could face delays. Additionally, Asian countries may reconsider investment pledges to avoid tariffs in light of these outcomes.
India-EU FTA to simplify and reinforce corporate cooperation, says Swedish Ambassador Petra Menander
The proposed India-European Union Free Trade Agreement (FTA) will simplify and reinforce bilateral corporate collaboration, said Sweden's Ambassador to India Petra Menander, pointing to expanded opportunities for technology transfers and joint industrial initiatives.
Trump's midterm setback may put India under pressure for quick trade deal on US terms: GTRI
Amid electoral challenges, US President Donald Trump is likely to ramp up pressure on India to seal a trade deal. This potential agreement would require India to decrease import tariffs on US goods while the US keeps its tariffs intact. Analysts caution that such an arrangement may breach WTO MFN principles, undermining India's trade credibility. Additionally, compromising energy security and development aspirations could have serious implications.
Chinese yuan hits over two-week low against dollar as PBOC signals caution on appreciation
China’s yuan weakened to a more than two-week low against the dollar after the central bank set a weaker daily fixing and raised foreign exchange reserve requirements. The moves signal Beijing’s efforts to moderate the currency’s rapid appreciation.
Sebi levies Rs 40 lakh penalty on four entities in Axis MF front-running case
Securities and Exchange Board of India has imposed a total penalty of Rs 40 lakh on four entities. This penalty includes fines on Woodstock Broking and Marfatia Stock Broking for front-running trades. The investigation spanned from April 1, 2021, to March 31, 2022, involving these entities. Evidence indicated that brokers facilitated these trades by providing necessary infrastructure and assistance.
Govt moves to resolve Scotch tariff dispute under UK trade pact, sources say
India has assured industry executives that it will honor the trade pact with Britain regarding Scotch whisky tariffs. Ongoing investigations into bulk Scotch imports are expected to result in a resolution. Commerce Secretary Rajesh Agrawal detailed steps to address concerns over duty concessions for bulk imports. The disagreement centers on customs classifications affecting the whisky industry significantly.
India-New Zealand FTA: Expanding India’s footprint in Oceania
More than a trade deal, the India-New Zealand FTA is a strategic gateway to new markets, fresh investment and stronger capabilities, positioning India to compete, connect, and grow across the Asia-Pacific.
Tesla, Samsung oppose new US tariffs on Vietnam as probe deadline nears
Businesses are divided over whether Washington should propose new tariffs on Vietnamese goods this month, with Tesla and Samsung not in favour, while others have called for penalties, submissions to the US government show.
Democratic wins would shift Congress' trade debate but fall short of US tariff rollbacks
If Democrats gain control of Congress, they will challenge many of Trump's tariffs through legislation and oversight. The party aims to repeal tariffs impacting communities on both sides of the Canadian border. However, Trump's veto power will hinder their efforts to pass significant reforms. Executive actions on trade may become more prominent under the Trump administration's agenda. Overall, the evolving dynamics in Congress will shape future trade discussions and policies.
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