The UK Treasury has agreed to recognise India’s carbon credit trading scheme, potentially allowing exporters to avoid paying carbon charges twice. NEW DELHI: In a boost for businesses, the UK has agreed to recognize India’s carbon credit trading scheme, which will enable exporters to avoid “double taxation”.Officials said that the UK treasury has agreed to…

Oil prices hold weekly gains as traders turn cautious over Strait of Hormuz reopening Oil prices stayed near their highest level in more than a week on Tuesday as hopes of a US-Iran deal to end their war and reopen the Strait of Hormuz weakened. WTI crude stood 0.09% up to $82.22 a barrel, while…

Most of the quarter was marked by average 8-10% raw material cost hike NEW DELHI: The consumer goods sector is seeing signs of a firmer consumption recovery, with volume growth becoming more visible across companies, even as cost pressures remain. This comes as the West Asia conflict has pushed up crude-linked inputs, packaging and freight…