The Press Editor

New Delhi: Australia and Canada have offered to sell gas to India as the country looks for other alternative energy sources amid the escalating West Asia conflict, government sources said on Thursday. The government is scouting for alternative markets to buy gas, as India currently imports 195 million metric standard cubic metres per day (mmscmd) of gas, of which Qatar supplies 60 million mmscmd. India is in talks with major oil producers and traders to buy crude and LPG. Sources said the government is in discussions with the International Energy Agency (IEA) and the Organization of the Petroleum Exporting Countries…

Mumbai: State-owned NHAI-sponsored Raajmarg Infra Investment Trust (RIIT) has fixed the price band for its initial public offering (IPO). According to the information available, the price band has been fixed in the range of Rs 99 to Rs 100 per unit for its upcoming Rs 6,000-crore Initial Public Offering (IPO). However, the issue size was planned at around Rs 5,700 at the time of filing draft papers in January. For the uninitiated, the National Highways Authority of India (NHAI) incorporated Raajmarg Infra Investment Managers Pvt. Ltd. (RIIMPL) as the investment manager for the Raajmarg Infra Investment Trust. Raajmarg Infra Investment…

Washington: In a setback for the Trump administration, a federal judge in New York ruled on Wednesday that companies that paid tariffs struck down last month by the Supreme Court are entitled to refunds. Judge Richard Eaton of the US Court of International Trade stated that “all importers of record” are “entitled to benefit” from the Supreme Court ruling that invalidated sweeping double-digit import taxes imposed by President Donald Trump last year under the 1977 International Emergency Economic Powers Act (IEEPA). Supreme Court Declared Tariffs Unconstitutional The Supreme Court ruled that the tariffs were unconstitutional under the emergency powers law.…