Tata Capital, the financial services arm of the Tata Group, has filed updated draft papers with Sebi for a mega initial public offering (IPO) estimated at $2 billion (Rs 17,200 crore), people familiar with the matter said. The IPO is expected to value the company at around $11 billion.According to the updated Draft Red Herring […]
High on tariff war: 250 per cent! Donald Trump warns of incoming pharma duties
US President Donald Trump on Tuesday warned of a whopping 250% tariffs on the pharma industry one year, one-and-a-half years. “We’ll be putting (an) initially small tariff on pharmaceuticals, but in one year, one-and-a-half years, maximum, it’s going to go to 150 percent and then it’s going to go to 250 percent because we want […]
EU-US trade talks: European bloc halts tariff retaliation after Trump deal; pause expected to last six months
US President Donald Trump and European Commission President Ursula von der Leyen (Photo: AP) In a major step towards easing trade tensions, the European Union announced on Tuesday that it will suspend its planned retaliatory tariffs on US goods worth 93 billion euros ($107 billion).The move follows a deal struck last month between US President […]
I-T officials investigating Jane Street for tax treaty breach; Singapore link under scrutiny: Report
Jane Street under scrutiny Tax authorities are conducting an investigation into Jane Street’s potential tax treaty violations, specifically examining if the firm routed profits through Singapore entities for its Indian market derivative trades, according to three informed sources, quoted by Reuters (anonymously).Income tax officials have been conducting searches at the American trading firm’s Indian offices […]
Trump’s tariff threats & jibes: India calls out US, EU hypocrisy in clear message, says ‘revealing that countries criticizing…’ – top 10 points
After imposing a 25% tariff on India last week, Trump targeted Russia and India, calling them ‘dead economies’. (AI image) US President Donald Trump’s 25% tariff, threats of higher duties, additional penalties, and jibes calling India a ‘dead economy’ don’t appear to have gone down well with India. The Narendra Modi government is calling out […]
Gold price prediction today: Where are gold rates headed on August 5, 2025? Here’s the outlook
Gold price prediction: Gold is still stuck in its nearly 11-week-old range of $3250-$3450. (AI image) Gold price prediction today: Gold rates are likely to trade with a positive bias though they have been stuck in a range for some time now.Praveen Singh, Senior Fundamental Research Analyst- Currencies and Commodities at Mirae Asset Sharekhan shares […]
SEBI wants bigger slice for MFs, Ulips and pension funds in IPO pie
SEBI has also proposed trimming the retail quota from 35% to 25% in a staggered manner, while boosting the qualified institutional buyer quota from 50% to 60% to ensure demand stability. (AI image) Mumbai: The Securities and Exchange Board of India (Sebi) has proposed increasing the reservation for anchor investors in initial public offerings (IPOs) […]
US effective tariff rate on Indian goods rises to 20.7%, up from 2.4% in 2024; escalating trade tensions cast shadow on growth outlook: Fitch report
The effective US tariff rate on Indian goods jumped to 20.7 per cent in 2025 from just 2.4 per cent in 2024, Fitch Ratings said in its latest assessment. Fitch reported, quoted by ET, noted that the overall US effective tariff rate stands at 17 per cent- about 8 percentage points lower than the estimate […]
P B Balaji to be 1st Indian CEO of JLR
New Delhi: PB Balaji, the group CFO of Tata Motors, will take charge as the CEO of British marquee Jaguar Land Rover from Nov this year, becoming the first Indian to lead the luxury car ompany in an executive role. Balaji will succeed Adrian Mardell, who expressed his desire to retire from JLR after three […]
How India, China may not come to Trump’s rescue to get Putin to stop Russia-Ukraine war
Both India and China, faced with the prospect of 100% tariffs, penalties and so on – have so far not stopped buying crude from Russia. (AI image) US President Donald Trump’s threats and warnings to get Vladimir Putin to stop the Russia-Ukraine war don’t seem to be working as of now. His tactic of pressuring […]