logo
India-US Trade Deal Likely To Be Finalised Within A Week: Sources

India-US Trade Deal Likely To Be Finalised Within A Week: Sources

News188 hours ago

Last Updated:
India and the US are set to finalise a trade deal within a week, with mutual concessions on agriculture and automobiles, sources have said.
The trade deal between India and the United States would be finalised within a week, sources have said. This comes as Donald Trump said he is not planning to extend a 90-day pause on tariffs on most nations beyond July 9.
Rajesh Agarwal, Special Secretary, Department of Commerce, speaking in the US said that India would protect its agricultural issues, specifically on rice, fruits, millets, and wheat.
Some American automobiles, like Tesla, will receive incentives here in the US, while select parts and spares will also benefit from market access, Agarwal said.
Similarly, Indian auto components will get tariff relief in the US market, he said.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

₹8.5 crore for a 5 BHK apartment in Mumbai's Borivali sparks social media reactions
₹8.5 crore for a 5 BHK apartment in Mumbai's Borivali sparks social media reactions

Hindustan Times

time33 minutes ago

  • Hindustan Times

₹8.5 crore for a 5 BHK apartment in Mumbai's Borivali sparks social media reactions

A 5 BHK apartment in Mumbai's Borivali has been listed for over ₹ 8.52 crore. Spanning more than 2,300 sq ft, the asking price comes to around ₹ 35,000 per sq ft. The listing has sparked a buzz on social media platform X, with users reflecting on the sharp rise in property prices in the suburb over the past two decades. Mumbai real estate update: A 5 BHK apartment in Mumbai's Borivali has been listed for over ₹ 8.52 crore. Spanning more than 2,300 sq ft, the asking price comes to around ₹ 35,000 per sq ft.. (Picture for representational purposes only)(Mehul R Thakkar/HT) While many expressed disbelief, real estate experts say the surge aligns with post-pandemic market trends, with per sq ft rates in Borivali now reaching up to ₹ 56,000. Notably, in 2024, the suburb saw one of its most expensive deals, a 4 BHK luxury apartment sold for ₹ 14 crore at ₹ 56,000 per sq ft. Borivali in the western suburbs of Mumbai is approximately a 2-hour drive from South Mumbai, depending on traffic conditions. According to a listing on a 5 BHK apartment located within a 1-km radius of Borivali railway station was listed for resale at ₹ 8.52 crore. Reacting to the listing, users recalled a time 20 years back when 2 BHK apartments in Borivali were priced between ₹ 15–20 lakh, and 5 BHK units weren't even part of the market supply. "Borivali sells 5 BHK apartments for ₹ 8 crore++ can't believe.. 20+ years ago, during my childhood: 2 BHK was available for ₹ 15-20 lakh in Borivali and 5 BHK didn't exist certainly," said an X user. While some users expressed shock at the current price tag, others said the rise was expected. ' ₹ 1.5 crore with 10% inflation for a BHK over 20+ years... ₹ 8 crore for a 5 BHK today isn't surprising,' one user commented. Another X user cited growth in the stock market over 25 years and said "with the Indian growth story and stock market performance, this much is expected." Also Read: Mumbai records 11,521 property registrations in June, sees 1% YoY dip Borivali's most expensive deal: 4 BHK apartment sold for ₹ 14 crore It should be noted that in 2024, Borivali recorded one of its priciest deals when a 4 BHK luxury apartment sold for ₹ 14 crore, clocking in at ₹ 56,000 per sq ft, according to property registration data accessed by According to the documents, the 4 BHK apartment, which is 2,497 sq ft, is located in a Grade A residential building named Aquaria Grande constructed by the Wadhwa Group. Also Read: Top real estate deal in Mumbai's suburbs: 4 BHK apartment in Borivali sells for ₹ 14 crore at ₹ 56,000 per sq ft This deal was perhaps the highest rate at which a property has been sold in Borivali and the price is at par with other locations like Andheri, Vile Parle, Dadar and Mahim of Mumbai, real estate experts had told Move to Dubai if you have ₹ 8 crore, says X user amid Borivali price buzz Amid the buzz over Borivali's ₹ 8.5 crore apartment listing, one X user suggested that those with such a budget should consider relocating to Dubai instead. 'If you have ₹ 8 crore, it's better to move to Dubai. Start a company in a free zone, get a 2-year resident visa, earn tax-free income, and invest ₹ 4.5 crore in property to qualify for a golden visa. Plus, home loan rates there are down to 3.5%,' the user wrote. What real estate experts say about Borivali's soaring real estate prices According to local brokers, the average price of apartments in Borivali ranges between ₹ 25,000 and ₹ 40,000 per sq ft, with most projects trading around ₹ 30,000 per sq ft. 'Residential apartments in Borivali are typically fetching ₹ 30,000 to ₹ 35,000 per sq ft across most projects,' said Dhiren Joshi, a real estate consultant based in the area. 'In some luxury projects, prices have touched ₹ 40,000 to ₹ 45,000 per sq ft, and the highest so far has been ₹ 56,000 per sq ft,' he said. While Borivali is seeing rapid appreciation, it still remains more affordable compared to Mumbai's most expensive pockets like Pali Hill in Bandra and Worli, where luxury apartment prices range from over ₹ 1 lakh to as high as ₹ 2.84 lakh per sq ft, according to brokers. According to Wikipedia, Borivali gets its name from the abundance of 'bor' bushes that once thrived in the area. These bushes bear a sweet fruit known as 'ber' in English, or berries. The name is believed to be derived from the Marathi words bori-vali, meaning "place of berries." Historically, the region was known for these berry-laden shrubs, which played a key role in shaping its identity and name. Borivali-Goregaon belt witnesses ₹ 40,083 crore in home sales in FY25, driven by redevelopment and demand surge The Borivali-Goregaon corridor recorded home sales worth ₹ 40,083 crore in FY 2024–25, marking a 39% year-on-year growth. The surge has been largely driven by a wave of redevelopment projects and strong end-user and investor demand, said media reports, cementing Borivali's status as a key real estate hotspot in Mumbai. Also Read: Mumbai's housing affordability is at a 15-year high, but homeownership still remains out of reach for most buyers Improved connectivity has further boosted the area's appeal. With the operational Metro Line 2A, seamless access via the Western Express Highway, and the upcoming Mumbai-Ahmedabad bullet train hub, commuting has become significantly easier, making Borivali a preferred choice for homebuyers, reports said.

Electoral roll must be updated to remove ineligible names, add new voters: EC
Electoral roll must be updated to remove ineligible names, add new voters: EC

Time of India

time35 minutes ago

  • Time of India

Electoral roll must be updated to remove ineligible names, add new voters: EC

Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel Amid protests by opposition parties, the Election Commission on Monday said the special intensive revision is needed as the electoral roll keeps changing due to a variety of reasons and the Constitution mandates it to ensure that only eligible citizens are part of the voters' list and those not, do not get to opposition parties have said that the intensive revision carries the risk of willful exclusion of voters using the state a statement, the poll panel said the revision of electoral rolls is must as it is a dynamic list which keeps changing due to deaths, shifting of people due to migration and addition of new voters who have turned 18."Further, Article 326 of the Constitution specifies the eligibility to become an elector. Only Indian citizens, above 18 years and ordinary residents in that constituency, are eligible to be registered as an elector," it Election Commission said it has uploaded the 2003 electoral roll of Bihar comprising details of 4.96 crore electors, on its can be used by those in the 2003 list as a documentary evidence while submitting their enumeration also said that the ease of availability of 2003 electoral rolls of Bihar -- published after the last intensive review -- would hugely facilitate the ongoing Special Intensive Revision (SIR) in the state as now nearly 60 per cent of the total electorate would not have to submit any have to just verify their details from the 2003 electoral rolls and submit the filled-up enumeration the electors as well the booth level officers (BLOs) would be able to readily access these noted that anyone whose name is not in the 2003 Bihar electoral roll can still use the extract of 2003 electoral roll rather than providing any other documents for his/her mother or such cases, no other document would be required for his/her mother or father. Only the relevant extract/details of the 2003 ER would be electors would have to submit the documents only for themselves along with the filled-up enumeration asserted that before every election, revision of electoral roll is mandatory according to the Representation of People Act 1950 and Rule 25 of the Registration of Elector Rules 1960. EC has been conducting annual revisions, intensive as well as summary revision for 75 years now.

Meta puts finfluencers on notice: Sebi verification now mandatory for investment ads on Facebook, Instagram
Meta puts finfluencers on notice: Sebi verification now mandatory for investment ads on Facebook, Instagram

Time of India

time35 minutes ago

  • Time of India

Meta puts finfluencers on notice: Sebi verification now mandatory for investment ads on Facebook, Instagram

Ads without Sebi? You'll still need to verify Live Events Sebi and Meta's joint front against fraud (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Meta has put self-styled financial influencers on notice by mandating Securities and Exchange Board of India (Sebi) registration verification for all securities and investment ads targeting users in India, a sweeping move aimed at curbing the rise of unregulated market advisors on social media platforms like Facebook and Instagram Announced on June 26, the policy requires all advertisers promoting investment products to Indian audiences, including those running global campaigns, to verify the person or organisation benefiting from and paying for the ad by submitting valid Sebi registration details. The verified name, Sebi number, and location will be publicly displayed on the advertisement, along with disclaimers set during ad new rules take effect from July 31, 2025, with verification tools being gradually rolled out. Meta will begin rolling out the verification process on June 26, while verification is expected to be available to 100% of all eligible advertisers globally by July 28, 2025, the company said, adding that advertisers will have at least one month to complete the process from the date they become has introduced alternate verification pathways for advertisers who are exempt from Sebi registration, such as financial educators or training providers. These individuals must submit a government-issued ID, while organisations will need to upload business documents. The verified identity will still be disclosed on the ads, Meta company added that ads solely focused on financial education, skill-building, or training may not require Sebi verification, though verification under alternate criteria will still that go live before July 31 will not need to be retroactively edited, provided the advertiser account has been verified under the new move is the result of sustained engagement between Meta and Sebi. Earlier this year, after extensive consultations, the market regulator worked with digital platforms to bring transparency to financial advertising amid growing concerns over fraud by so-called "finfluencers."In a March 21 press release, Sebi had urged all registered intermediaries advertising on digital platforms to register their verified contact details with the regulator, citing a surge in securities-related scams on platforms such as Facebook, Instagram, YouTube, WhatsApp, Telegram, X (formerly Twitter), Google Play Store, and Apple App said its updated policy aims to prevent fraud, impersonation, and enhance consumer safety, and added that similar rules may be expanded to cover other financial product categories in the future.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store