BENGALURU: Titan Company reported a 52.5% year-on-year increase in net profit to Rs 1,091 crore for June quarter, backed by strong performances in jewellery and watches businesses, despite elevated gold prices. The Tata group firm’s revenue rose 24% to Rs 16,628 crore in the same period. Sequentially, it rose to about 11% from Rs 15,032 […]
Trump tariffs: 17% effective rate, $50bn monthly customs revenue
NEW DELHI: For all the noise over India being the tariff king, the US effective tariff rate for all countries is now estimated at 17%, Fitch Ratings has estimated after the latest reciprocal tariff announcements. The effective rate that Indian goods will pay to enter US before Aug 27 was estimated at 20.8%, including exempted […]
India-US tariff tussle: ‘Time to take ahead transformative reforms’; FICCI president calls for strengthening industrial economy
FICCI president Harsha Vardhan Agarwal on Thursday called for urgent and bold economic reforms to strengthen India’s industrial base and services sector, In response to the US imposing an additional 25% import tariff on Indian goods.The latest move from Washington takes the total tariff burden on Indian imports to 50%, sparking concerns across domestic export-facing […]
Monetary policy: Bank of England trims rate to 4%; signals cautious easing ahead
Bank of England (Picture credit: AP) The Bank of England on Thursday trimmed its key interest rate by 25 basis points to 4 per cent, marking the fifth reduction since August 2024, as it seeks to support Britain’s slowing economy amid concerns over rising US tariffs and domestic tax hikes.The latest cut brings borrowing costs […]
US-India trade row: MEA official calls Donald Trump’s tariff hike a ‘unilateral decision’; says both sides were ‘very close to a solution’
US President Donald Trump (AI image) A senior Indian diplomat on Thursday criticised the Donald Trump administration’s imposition of 50 per cent tariffs on Indian exports to the US, calling the move “unilateral” and lacking any “logic or reason”, even as he confirmed that bilateral trade negotiations between the two sides would continue.“This is a […]
India in crosshairs: Trump’s Russia oil tariffs- How it could make China great again
President Donald Trump has hit India with a 50% tariff on its exports to the US, punishing New Delhi for continuing to buy Russian crude. He accuses India of “funding Russia’s war machine” and vows more penalties if Prime Minister Narendra Modi doesn’t halt oil imports from Moscow.This follows Trump’s prior 25% tariff on Indian […]
Amidst Donald Trump’s 50% tariff on India, PM Modi to speak to Brazil President Lula; meeting with China’s Xi planned at SCO
Modi’s discussions with Lula have gained additional importance following Trump’s implementation of 50% tariffs. (File photo) Prime Minister Narendra Modi is scheduled to talk to Brazil’s President Luiz Inacio Lula da Silva on Thursday and plans to visit China in August for the first time since 2018, amid deteriorating relations with the United States.Brazilian President […]
Donald Trump’s tariff tussle: Duties on Indian pharma would be ‘counterproductive’; America may take at least 3 years to match India’s scale, says Pharmexcil
US President Donald Trump imposed an additional 25% tariff on Indian imports on the top of an already existing 25% duty, pushing the total to 50%. These high tariffs, announced on August 6, would take effect from August 27.The pharmaceutical sector, however, received a temporary exemption from the tariff hike, highlighting India’s crucial role in […]
RBI survey: Merchandise imports to grow twice more than exports in FY26; check details
India’s merchandise imports are set to grow at more than double the pace of exports in the current financial year, according to the Reserve Bank of India’s latest economic outlook.The central bank released the Survey of Professional Forecasters on Macroeconomic Indicators (95th Round) on Wednesday.According to the apex bank’s findings, “Merchandise exports and imports are […]
Trade war: Donald Trump’s ‘reciprocal’ tariffs go into effect on dozens of countries today – check full list
US President Donald Trump’s sweeping “reciprocal” tariffs officially came into effect just after midnight on Thursday, hitting exports from over 60 countries and the European Union with higher import duties.The move marks a significant escalation in Trump’s aggressive trade policy, aimed at penalising nations he claims have taken “unfair advantage of the US.” “IT’S MIDNIGHT!!! […]