M Nagaraju, Secretary, Department of Financial Services Mumbai: Govt is keeping a watch on the geopolitical situation in West Asia and is taking stock of India’s exposure in the region in case of conflict, said finance secretary M Nagaraju, while discussing external challenges facing banks and the economy. He also said that govt is looking […]
‘Effective from February 24’: All you need to know about Trump’s new 10% global tariffs
US President Donald Trump on Thursday signed a proclamation imposing a 10 per cent temporary import surcharge on most goods entering the United States, after the Supreme Court deemed the tariffs imposed on different countries “illegal”.Thereafter, invoking emergency powers under Section 122 of the Trade Act of 1974 to address what he described as “fundamental […]
PM Modi to meet Brazilian President Lula: Critical minerals, trade cooperation – what’s on agenda
NEW DELHI: Prime Minister Narendra Modi will hold talks with Brazilian President Luiz Inacio Lula da Silva in New Delhi on Saturday, with a focus on strengthening cooperation in critical minerals, boosting trade ties, and advancing strategic supply chain partnerships. The visit comes amid India’s push to reduce dependence on China, which dominates global rare […]
‘Ridiculous opinion’, ‘disgrace to nation’: What Trump said after US SC verdict on tariffs
In a sharp rebuke to his trade agenda, US President Donald Trump lashed out at the Supreme Court of the United States on Friday after it struck down his sweeping global tariffs, calling the decision “ridiculous” and accusing some justices of undermining the country’s economic interests.In a strongly worded response, Trump said those members of […]
Peak XV raises $1.3bn with focus on Indian startups
Mumbai: Nearly three years after splitting from its Silicon Valley parent Sequoia Capital, Peak XV Partners (formerly Sequoia Capital India and Southeast Asia) has raised $1.3 billion for a clutch of funds to bet on startup founders building in India and the Asia-Pacific region. The capital will be deployed across three funds-India seed, India venture […]
Tata Electronics ties up with Qualcomm
Qualcomm and Tata Electronics partner to manufacture automotive modules in India New Delhi: Tata Electronics has joined Qualcomm Technologies’ global network of module manufacturing partners to produce advanced automotive module products in India, securing a key anchor customer for its upcoming $3 billion semiconductor assembly and test (OSAT) facility in Jagiroad in Assam. Through its […]
$2.2bn India investment on track: Kyndryl CEO
PM Modi meets Chairman & CEO of Kyndryl, Martin Schroeter New Delhi: Artificial intelligence is no longer experimental, said Martin Schroeter, CEO of Kyndryl, one of the world’s largest IT infrastructure services providers. It is, he said, already reshaping how govts and enterprises operate, including in India. “It is the discussion that every customer wants […]
US Supreme Court ruling: Top court’s decision impacts some, but not all of Trump’s tariffs
The US Supreme Court on Friday struck down a series of sweeping tariffs imposed by President Donald Trump, ruling that he exceeded his authority under emergency economic powers. However, the decision does not affect several sector-specific duties that remain in place.In a 6-3 ruling, the conservative-majority court held that the International Emergency Economic Powers Act […]
Received an ITR refund email or SMS alert? Income Tax Department has an important warning for taxpayers
The Income Tax Department has cautioned taxpayers against a surge in refund-related fraud attempts, warning that scammers are exploiting delays and heightened expectations around tax refunds through fake emails, phone calls and SMS messages.In a message posted on X, the department urged taxpayers not to share one-time passwords (OTPs), bank details or personal information in […]
Saudi crude imports narrow gap with Russia, set to become biggest supplier
Crude imports from Saudi hit highest level New Delhi: Crude oil imports from Saudi Arabia have hit their highest levels since Nov 2019, clocking nearly 1-1.1 million barrels per day (bpd) in Feb, and overtaking Russia temporarily to emerge as the biggest supplier to India.According to data shared by Kpler, a global data and analytics […]