Business

Mumbai, Oct 25 (PTI) The rupee ended 18 paise lower at 75.08 (provisional) against the US currency on Monday due to a spike in crude oil prices and a stronger greenback against key rivals overseas.

At the interbank forex market, the local unit opened on a weak note at 74.98 and witnessed an intra-day high of 74.97 and a low of 75.10 against the American currency during day trade.

New Delhi, Oct 22 (PTI) The Samyukt Kisan Morcha has decided to postponed its October 26 Kisan Mahapanchayat in Lucknow due to adverse weather conditions and the ongoing harvest season.

After the Lakhimpur Kheri incident in which eight people, including four farmers, were killed, the SKM announced a Kisan Mahapanchayat to be organised in Lucknow on October 26.

New Delhi, Oct 22 (PTI) Commerce and Industry Minister Piyush Goyal on Friday said there are a lot of non-tariff barriers that need to be addressed and wherever India will face an unfair treatment at trade front, it will take reciprocal action.

Non-tariff barriers to trade are restrictive practices which create impediments in smooth flow of imports and exports.

New Delhi, Oct 22 (PTI) India is looking to bring together PSU and private sector refiners to seek better crude oil import deals from Saudi Arabia and other nations, Oil Minister Hardeep Singh Puri said on Friday.

As the country grapples with record-high fuel prices, he said joint procurement will bring better bargaining power and help cut the import bill.

22 Oct 2021; MEMO: Less than a third of Brits support UK trade deals with Saudi Arabia, according to recently released government figures on public attitudes which were revealed as the foreign secretary, Liz Truss, meets senior figures in the oil-rich kingdom.

A survey carried out by the Department for International Trade (DIT) earlier this year showed just 27 per cent of the public would support a trade deal with Saudi Arabia compared with 64 per cent for both Australia and New Zealand, for example, and 57 per cent for the US.

21 Oct 2021; MEMO: With a four-day Africa tour by Turkey's president having come to a close on Wednesday, Ankara enjoys a striking presence on the continent as a result of 20 years of efforts to improve relations, Anadolu News Agency reports.

President Recep Tayyip Erdogan has paid official visits to 30 out of the 54 countries in Africa, with his latest tour on 17 – 20 October comprising  Angola, Togo and Nigeria.

21 Oct 2021; MEMO: Turkey has been "grey listed" by a global financial watchdog over its alleged failure to fight money laundering and the financing of terror, in a major blow that could see Turkey lose billions in foreign investment.

According to the Financial Times newspaper, two anonymous Western officials revealed to it yesterday that the Paris-based Financial Action Task Force (FATF) was "very likely" to approve the decision to place Turkey on its grey list, following discussions today.

21 Oct 2021; MEMO: Iranian Interior Minister, Ahmad Vahidi, hosted his Turkish counterpart, Suleyman Soylu, in the capital Tehran on Wednesday, Anadolu News Agency reporting.

In a statement following the bilateral meeting, Soylu wished Vahidi all the best in his new office.

"To date, we have had very successful cooperation on various issues," he said, adding many problems were solved.

20 Oct 2021; MEMO: Dubai has signed a memorandum of understanding with the far-right Hindu nationalist government of Narendra Modi to build infrastructure in Indian-occupied Jammu and Kashmir. Details of the MoU were announced by India on Monday, but the value of the accord was not provided.

20 Oct 2021; MEMO: Turkish President Recep Tayyip Erdogan was today welcomed by his Nigerian counterpart Muhammadu Buhari with an official ceremony at the Presidential Palace in the capital Abuja.