In another move aimed at trade enforcement, the US has unveiled a comprehensive revision of global tariff rates, targeting several countries and territories along with the European Union.The move, formalised via an executive order signed by President Donald Trump, marks a shift from negotiation-driven tariffs to a more systemic, penalty-oriented approach.The revised rates — ranging […]
India in, China out: Majority of iPhones sold in the US from India, says Apple CEO Cook
NEW DELHI: Despite US President Donald Trump’s regular rants about Apple’s manufacturing in India, company CEO Tim Cook on Thursday confirmed what is generally now more or less known – the “majority” of iPhones sold in the US in the past quarter were Made in India. China – the erstwhile production giant – is only […]
Oil earnings slip: Exxon and Chevron Q2 profit hits 4-year low; revenue dips as crude prices stay weak despite output rise
Exxon Mobil and Chevron on Friday reported their lowest second-quarter profits in four years, as lower global energy prices and a surge in oil supply from OPEC+ weighed on revenues. However, both US oil giants still managed to beat Wall Street’s earnings expectations, driven by higher production volumes.Texas-based Exxon Mobil posted a net profit of […]
GST collections: July gross mop-up at Rs 1.96 lakh crore; rises 7.5% year-on-year
India’s gross Goods and Services Tax (GST) collection rose 7.5 per cent year-on-year to Rs 1.96 lakh crore in July 2025, helped by higher domestic revenues, according to data released by the finance ministry on Friday.The gross GST mop-up in July 2024 stood at Rs 1.82 lakh crore, while the June 2025 collection was Rs […]
India’s manufacturing growth hits 16-month high: PMI for July jumps to 59.1; sales, output surge despite confidence level dip
India’s manufacturing sector achieved a 16-month peak of 59.1 in July, driven by increased orders and output amidst positive market conditions, according to a Friday survey report.The HSBC India Manufacturing Purchasing Managers’ Index increased to 59.1 in July from June’s 58.4, indicating the sector’s strongest performance since March 2024.For PMI measurements, readings above 50 indicate […]
Jane Street not cooperating with authorities; I-T probe faces hurdles: Report
Image used for representative purposes(AI image) NEW DELHI: Global trading company Jane Street is reportedly not assisting the Income Tax Department with their ongoing investigation, according to sources.Sources told ANI that the investigation faces significant challenges as the company’s essential servers are situated outside India, with officials encountering access limitations. “Access to the servers is […]
It’s raining NFOs! At least 10 new mutual fund schemes set to launch in August – check details
It’s raining NFOs in the monsoon. At least 10 new mutual fund schemes are slated for launch this month. (AI image) Mumbai: It’s raining NFOs in the monsoon. At least 10 new mutual fund schemes are slated for launch this month. This is in addition to the 10 ongoing NFOs that were launched in the […]
Donald Trump’s crackdown at pharma: ‘Americans need lower drug prices’; sets 29 September deadline or face action
US President Donald Trump issued a sharp warning to pharmaceutical giants, calling on them to slash prescription drug prices in the United States or face the consequences.In letters addressed to 17 major drug companies, Trump urged them to cooperate with his administration to implement sweeping reforms aimed at lowering costs for American patients, who currently […]
JLR CEO steps down after 3 years at helm
Jaguar Land Rover CEO Adrian Mardell is leaving the Tata Motors-owned carmaker, as it grapples with higher US tariffs and a controversial makeover of the Jaguar brand. “Mardell has expressed his desire to retire from JLR after three years as CEO and 35 years with the company,” a spokesperson said A video last year teasing […]
Trump’s Pak oil deal a move to counter China, pressure India?
NEW DELHI : President Donald Trump’s announcement of a deal to develop Pakistan’s “massive oil reserves” sounds more like a strategic manoeuvre on the South Asian chessboard to counter Islamabad’s growing dependence on Beijing and pressure India over the trade deal, rather than a realistic assessment of the country’s immediate hydrocarbons potential.Various estimates peg Pakistan’s […]