In early February, India and the US announced a trade deal framework under which the US cut tariffs on Indian exports to 18%. (AI image) India-US trade deal update: Amidst ongoing uncertainty related to tariffs under the Donald Trump administration, Commerce Secretary Rajesh Agrawal has shared an update on the India-US trade deal. The official…
Gold started the week on a shaky note, slipping Rs 2,225 to hit Rs 1.56 lakh per 10 grams in Monday’s futures trade, dragged down by a firm US dollar and weak overseas markets. On the Multi Commodity Exchange, April gold contracts fell 1.4% to Rs 1,56,241 on a turnover of 7,881 lots. “Rising energy…
China on Monday pushed back against the United States over a new set of trade investigations launched last week, saying that it has “lodged representations” with Washington and calling on the US to “correct its erroneous ways.” The response comes as trade negotiators from the two countries gather in Paris for talks. The latest US…
US President Donald Trump on Monday criticised the US Supreme Court’s decision to invalidate his global tariffs, warning that the ruling could cost the United States trillions of dollars. He said that the verdict will benefit foreign countries and companies that have been “ripping off the United States of America” for decades.” Commenting on his…
Stock market today (AI image) Stock market today: After a week of selloff, Nifty50 and BSE Sensex opened flat in trade on Monday. While Nifty50 was below 23,150, BSE Sensex was down around 100 points. At 9:17 AM, Nifty50 was trading at 23,127.30, down 24 points or 0.10%. BSE Sensex was at 74,472.58, down 91…
MUMBAI: Tata Trusts has appointed Tata veteran Farokh Subedar, 71, as a consultant, according to people in the know. Subedar, who was with the Tata Group until last year, had shared the board at Tata Investment Corporation with Noel Tata, chair of Tata Trusts.The foundations are also considering former Tata Steel VP (corporate services) Chanakya…
MUMBAI: India’s choc-a-block equity-raise calendar is shifting gears, with many companies pushing back fundraises amid West Asia-driven market volatility. Deals remain on hold, not off. “The immediate impact is that investors are less willing to add risk through new deals in the near term. This isn’t so much a pricing issue but a case of…
The Trump administration has intensified efforts to recoup about $1.6 trillion in tariff revenue lost after the Supreme Court struck down a range of the president’s import duties, with officials turning to new investigations and legal provisions to impose replacement levies, according to news agency AP report.Experts say recovering the revenue–which the White House had…
The Income Tax department on Saturday asked taxpayers to ignore emails, if any, received alerting them about ‘significant transactions’ as part of the Advance Tax e-campaign.In a post on X, the Central Board of Direct Taxes (CBDT) said certain taxpayers have received emails containing inaccurate details regarding ‘significant transactions’ undertaken by them under the ongoing…
What is force majeure and why have some Gulf countries invoked it during the Iran vs US-Israel war? As the Middle East conflict between Iran, the United States and Israel intensifies, a legal term rarely discussed outside corporate boardrooms has suddenly become headline news and that is force majeure. Several Gulf energy producers, including Qatar,…