US President Donald Trump said the United States will raise tariffs on cars and trucks imported from the European Union to 25 per cent next week, claiming the bloc was not complying with a previously agreed trade deal.“I am pleased to announce that, based on the fact the European Union is not complying with our…
The US dollar was set for a second straight day of losses against the Japanese yen on Friday after Japan was reported to have intervened in currency markets to support its weakening currency, Reuters reported.The greenback was on course for its sharpest weekly fall versus the yen since early February, down about 1.7 per cent…
The University of Chicago on Friday said it has conferred its prestigious Alumni Award for Professional Achievement to India’s former chief economic adviser Krishnamurthy V Subramanian.Subramanian is the first Indian economist to receive the honour since its inception in 1941, placing him in an elite global cohort that includes Nobel laureates and intellectual giants such…
Strong indirect tax collections work well for government finances, especially at a time when the economy is facing global headwinds. (AI image) India’s gross Goods and Services Tax (GST) collections rose to a record high of Rs 2.43 lakh crore in April 2026. The number assumes greater significance in the backdrop of the Middle East…
Wall Street moved higher on Friday and edged closer to fresh record highs as strong quarterly earnings from Apple, Estee Lauder and other companies lifted sentiment while a mild retreat in oil prices offered additional support.The S&P 500 rose 0.6 per cent, extending gains after closing at an all-time high on Thursday. The Dow Jones…
India’s mining and metals sector needs a fresh look at environmental compliance norms as rising exploration costs and depletion of high-grade mineral reserves create new pressures for the industry, experts said on Thursday, PTI reported.The sector, which is estimated to account for up to 7 per cent of global greenhouse gas emissions, currently requires environmental…
Weeks of conflict have worsened Iran’s economic pressures, deepening strain on its financial system even as the Islamic Republic continues to function under a standoff in the Gulf following a truce and ongoing maritime restrictions.The situation has left Iran in a stalemate with the United States and Israel, with ceasefire talks stalled while key Gulf…
NEW DELHI: An increase in petrol and diesel prices in the near future is not ruled out, government sources said on Friday, as losses mount from a four-year-old freeze in retail rates despite the sharp rise in global crude oil prices.International crude oil prices this week climbed to a four-year high of USD 126 per…
Union Minister Nitin Gadkari on Friday announced the rollout of India’s first Multi-Lane Free Flow (MLFF) barrier-less tolling system at the Chorayasi Toll Plaza on the Surat–Bharuch stretch of NH-48 in Gujarat.The new system allows vehicles to pass through toll plazas without stopping, using technologies such as Automatic Number Plate Recognition (ANPR) and FASTag for…
India’s workforce has grown significantly over the past decade—a clear sign of progress on paper. But dig deeper, and the picture darkens.Jobs and unemployment are not just economic terms; they shape everyday life. They are the parameters that influence conversations at home, college choices, election rallies, office corridors and chai stalls alike. From farms and…