1. Business & Economy

Business & Economy

US may not impose additional 25 pc tariffs on India over Russian oil, hints Trump

New Delhi: The Donald Trump administration may not impose secondary tariffs on India over purchasing Russian energy, as the US President said that Russia has already lost a key oil client. Speaking to Fox News…

Trump has slapped higher tariffs despite India buying more oil, gas from US

New Delhi: While US President Donald Trump has slapped a 50 per cent tariff on Indian exports, he appears to have quite overlooked the fact that India has also sharply increased its purchases of oil…

Big Bang reform: Finance Ministry proposes two-slab GST system after PM Modi’s speech

New Delhi: The Finance Ministry on Friday put forth the proposal about a simplified, two-tier Goods and Services Tax (GST) system with a “standard” and “merit” slab, alongside special rates for select goods.   The…

RBI may cut repo rate if GDP further declines: Report

New Delhi: The Reserve Bank of India’s Monetary Policy Committee (MPC) could consider further policy rate cuts if upcoming GDP data falls short of expectations and the US Federal Reserve begins aggressive easing in response…

Banks to clear cheques within few hours starting October 4: RBI

Mumbai: The Reserve Bank of India (RBI) has announced that bank cheques must be cleared within a few hours from October 4 — down from the current clearance time of up to two working days.…

Bitcoin touches record high on hopes of US Fed rate cut

Mumbai: Leading cryptocurrency Bitcoin hit a record high of $124,210 on Thursday over increasing expectations for more lenient monetary policy from the US Federal Reserve. The development, coupled with supportive financial reforms, particularly under the…

S&P Global upgrades India sovereign credit rating to ‘BBB’, outlook stable

New Delhi: Citing economic resilience and sustained fiscal consolidation, global credit ratings agency S&P Global on Thursday upgraded India’s long-term unsolicited sovereign credit rating to “BBB” from the earlier “BBB-“, ahead of the 79th Independence…

Apple denies Elon Musk’s allegations of favoritism to ChatGPT

New Delhi: Tech giant Apple has denied any foul play, insisting its platform is “fair and free of bias” after Tesla and SpaceX owner Elon Musk accused the iPhone maker of favouritism in App Store…

Crackdown on Russian oil exports a big setback for Reliance, shares dip

New Delhi: US President Donald Trump’s crackdown on Russian oil exports has come as a major blow to Mukesh Ambani-led Reliance Industries Ltd. (RIL), which was a major importer of the cheap crude for processing…

India bans imports of more goods from Bangladesh

New Delhi: India has expanded the list of imports from Bangladesh that are banned from entry through any land port on the border by including more jute products amid deteriorating relations with the neighbouring country.…

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