Business

Royal Mail post office (AP) European postal services are suspending shipments to the United States after Washington announced the end of the long-standing “de minimis” tariff exemption, sparking confusion over new customs rules and duties.The de minimis exemption, which currently allows packages worth less than $800 to enter the US duty-free, will expire Friday. According…

Although Nayara Energy faces no direct sanctions, it is facing heat due to Russian state energy corporation Rosneft PJSC’s 49.13% ownership stake in the organisation. (AI image) Nayara Energy, India’s second largest private oil refinery, is facing fresh trouble from the impact of US, EU sanctions. Although the Russia-backed Nayara Energy faces no direct sanctions,…

India’s leather industry, a vital labour-intensive sector with exports worth $4.1 billion, has been hit hard by US President Donald Trump’s decision to impose a 25% tariff on imports from India. The move, coupled with an additional 25% tariff on Russian oil purchases from 27 August 2025, is expected to deepen the crisis exporters are…

Japan’s Sumitomo Mitsui Banking Corporation (SMBC) has received the Reserve Bank of India’s (RBI) approval to acquire up to 24.99% stake in Yes Bank, the private sector lender announced on Saturday.The development comes after Yes Bank’s May 9 disclosure about SMBC’s plan to purchase a 20% holding in the bank through a secondary stake buy,…

Are you looking for a fixed deposit with attractive returns?Many leading banks in the country have rolled out special fixed deposit (FD) schemes with a 444-day tenure, offering some of the best returns to general, senior and super senior citizens. Take a look at the current interest rates offered on these special FDs and what…

India is at the centre of major trade talks as it negotiates free trade agreements (FTAs) with several key partners, including the European Union, the United States, Chile, and Peru, commerce and industry minister Piyush Goyal said on Saturday.Speaking at the Entrepreneur and Traders Leadership Summit, Goyal said that the world is looking at India…

India and Australia have taken another big step towards sealing a trade deal, as officials wrapped up the latest round of negotiations in New Delhi, on Saturday. The two countries, which have already implemented an interim trade agreement in December 2022, are now pushing to expand its scope into a Comprehensive Economic Cooperation Agreement (CECA).“The…

Sebi representative image NEW DELHI: Markets regulator Sebi has proposed raising the minimum order size for block deals on stock exchanges to Rs 25 crore from Rs 10 crore. A block deal is a single large share transaction executed between a buyer and a seller during a 15-minute window offered twice a day. The existing…

India’s seafood exports held steady at $7.45 billion in 2024-25, despite overall shipment volumes declining, the commerce ministry said on Saturday.The country exported 16,98,170 tonnes of seafood last fiscal, down from 17,81,602 tonnes recorded a year earlier. In 2023-24, the exports had been valued at Rs 60,523.89 crore ($7.38 billion), according to a ministry statement…

India’s cement demand set to expand at a 7–8% compound annual growth NEW DELHI: India’s cement demand is set to expand at a 7–8% compound annual growth rate over the medium term, powered by housing, infrastructure, and commercial projects, with prices expected to rebound after a sharp fall in FY25, UBS said in a report.UBS…