India on its part has drawn its red lines on the trade deal, refusing to open its agricultural and dairy sectors. Commerce and industry minister Piysuh Goyal on Tuesday said that India and the US are negotiating a trade deal. The comments assume significance at a time when US President Donald Trump has imposed 50%…
NEW DELHI: Russian oil prices are dropping further for Indian buyers, with discounts widening to $3-4 per barrel. This comes as the Trump administration hits India with a 50% tariff over its growing Russian oil purchases amid tensions between Washington and New Delhi. The US has accused India of helping fund Russia’s war in Ukraine…
File photo: Laurent Freixe Swiss food giant Nestlé has dismissed its chief executive Laurent Freixe with immediate effect after an internal investigation found he had an “undisclosed romantic relationship with a direct subordinate,” in violation of the company’s code of business conduct. The move was confirmed by the group on Monday, with chairman Paul Bulcke…
PM Modi hails semiconductor mission at Semicon India 2025 Prime Minister Narendra Modi on Tuesday inaugurated the Semicon India 2025 conference in New Delhi, where Union IT minister Ashwini Vaishnaw presented the first made-in-India Vikram 32-bit processor to him. Addressing industry leaders and global participants, PM Modi underlined India’s growing role in the semiconductor ecosystem,…
Donald Trump described the trade dynamics as unbalanced, highlighted India’s allegedly high tariff rates. (AI image) US President Donald Trump believes that America’s trade relationship with India is a ‘one-sided disaster’. The reality actually presents a completely different picture! The US actually enjoys a $35–40 billion surplus once all earnings are counted, according to an…
PM Modi receives first made-in-India chip Prime Minister Narendra Modi on Tuesday received the country’s first made-in-India semiconductor chip at the inauguration of Semicon India 2025 in New Delhi. Union IT minister Ashwini Vaishnaw presented the Vikram 32-bit processor, developed by Isro’s Semiconductor Lab, along with test chips from four approved projects.According to news agency…
MUMBAI: The ongoing US-India tariff-related issues took its toll on the rupee on Monday, sending it to a record low level of 88.33 per dollar. In the bullion market, the increasing chances of a cut in interest rates in the US revived the rally in precious metals globally. Combined with the weakness of the rupee,…
NEW DELHI: GST collections rose 6.5% to Rs 1,86,315 crore in Aug, driven entirely by domestic mop up.Collections in Aug, based on transactions in July, are typically a little muted due to rains in most parts of the country and sales begin to pick up in Aug due to the start of the festival season.According…
NEW DELHI: Manufacturing activity continued to gather momentum in Aug with robust new orders and an increase in production, which rose at its fastest pace since late 2020, a survey showed on Monday. Up from 59.1 in July to 59.3 in Aug, the HSBC India Manufacturing Purchasing Managers’ Index (PMI) – a single-figure indicator of…
Gold price prediction: Buying the dips is the preferred strategy. A test of all-time high at $3500 (Rs 105,500) looks highly likely. (AI image) Gold price prediction today: Gold rates have been hitting life-time highs and analysts are of the view that hopes of Federal Reserve rate cuts are driving the rally. Praveen Singh, Senior…
