Business

India and the UK are addressing key issues delaying the Comprehensive Economic and Trade Agreement (CETA) implementation, including Britain’s steel safeguard measure and carbon border adjustment mechanism. These concerns could lead India to rebalance duty concessions on British products like Scotch whisky, impacting bilateral trade.

Indian markets saw a mixed trend. Wall Street’s record rally paused on Tuesday. Alphabet’s shares dropped significantly after the Google parent announced plans to raise capital for its artificial intelligence investments. Other tech companies like Hewlett Packard Enterprise and Broadcom saw gains. Oil prices eased slightly. Bond markets remained stable ahead of US labor data.

The Reserve Bank of India’s Monetary Policy Committee begins its meeting amid inflation concerns. While interest rates are expected to remain unchanged this week, economists anticipate a tighter monetary stance later in the financial year. The RBI may also revise its inflation and GDP growth forecasts upward.

Rising fuel prices are poised to reignite inflation, a Crisil report warns. Expect higher costs for transport, logistics, and manufacturing, directly impacting food and consumer goods. Direct fuel price hikes could add nearly 48 basis points to inflation, with broader effects on supply chains. While GST cuts offer some relief, persistently high oil prices remain

A user on the r/delhi forum of Reddit shared the incident, saying he works in industrial fermentation and had been shortlisted for a fermentation-related role at a “major pharma company” in Hyderabad.