National Payments Corporation of India (NPCI) has directed banks and payment apps to stop all peer-to-peer (P2P) ‘collect requests’ on UPI from October 1, 2025, in an effort to curb financial fraud.In a circular dated July 29, NPCI said, “It is hereby informed that by October 1, 2025 UPI P2P collect shall not be allowed…
US President Donald Trump on Thursday said that the secondary tariffs imposed on India may have influenced Russian President Vladimir Putin’s decision to meet him, ahead of their scheduled summit in Alaska on Friday. Trump said the tariffs “probably” played a part in bringing Moscow to the table as he seeks a peace deal in…
AI image A rising number of overseas firms battling financial strain are seeking alliances with Indian companies to set up semiconductor manufacturing plants in the country, driven by generous state incentives, a vast domestic market and a large talent pool.As per ET, electronics major Sharp and US semiconductor producer Onsemi are among those exploring tie-ups,…
Russian oil major Rosneft-backed Nayara Energy Ltd is engaging with the Indian government and trade partners to ensure smooth transactions and maintain operational stability at its Vadinar refinery in Gujarat, which has been impacted by European Union sanctions.The company, included in the EU’s 18th sanctions package on Russia over the Ukraine conflict, has faced challenges…
The number of Americans filing for unemployment benefits edged down last week, remaining within historically low levels they’ve held since the economy clawed its way back from the COVID-19 slump.According to the Labour Department, applications for jobless claims for the week ending August 9 fell by 3,000 to 224,000. It was below the economists’ forecast…
India’s goods exports to the US surged 19.94% to $8.01 billion in July, while imports rose 13.78% to about $4.55 billion, according to commerce ministry data.During April-July 2025-26, exports to the US jumped 21.64% to $33.53 billion and imports climbed 12.33% to $17.41 billion, the data showed. The US retained its position as India’s largest…
US producer price inflation surged in July to its highest level since 2022, with fresh signs that President Donald Trump’s tariffs are driving up business costs, official data showed Thursday.The producer price index (PPI) jumped 0.9% month-on-month after being flat in June, according to the Department of Labor, AFP reported. The figure far exceeded the…
S&P has said that the impact of US tariffs is not likely to be extensive on India’s economy. S&P Global, the US-based credit ratings agency, has upgraded India’s rating to ‘BBB’ from ‘BBB-) citing several positive factors in favour of the world’s fifth largest economy. S&P’s confidence in India’s growth story comes at a time…
Wall Street retreated from record levels on Thursday after US government data showed wholesale inflation rose more than expected last month, dimming hopes for imminent interest rate cuts.The S&P 500 slipped 0.2% from its all-time high set on Wednesday, while the Dow Jones Industrial Average fell 104 points, or 0.2%, and the Nasdaq composite eased…
Renowned for brokering peace between long-feuding nations, US President Donald Trump may have unwittingly achieved what once seemed improbable — a thaw in India-China relations, or at least the first signs of one.Despite Beijing’s backing of Pakistan during Operation Sindoor in the wake of the Pahalgam terror attack, the recent easing of tensions between New…
