US President Donald Trump Donald Trump has again pushed his tariff strategy against China, saying Europe could end the Ukraine war if it imposed sanctions on Beijing. He asserted that China is “the biggest buyer of Russian oil by far.“In an interview with Fox News, when asked, “Did you tell UK PM Starmer that Europe […]
JK Tyre raises exports from Mexico unit to US
CHENNAI: JK Tyre is increasing exports from its manufacturing units in Mexico to America in view of the US imposing 50% tariff on goods coming from India. The company has two facilities in Mexico catering for Latin America, Brazil and US.“Currently, 65% of tyres made in Mexico are used for the domestic . We are […]
Nvidia gives Intel $5 billion lifeline
Nvidia agreed to invest $5 billion in Intel and said the two will co-develop chips for PCs and data centres, a surprise move to help prop up an ailing archrival that sent Intel shares soaring.Nvidia will buy Intel common stock at $23 per share, the two companies said on Thursday. Intel will use Nvidia’s graphics […]
Sebi gives clean chit to Adani, group on Hindenburg charges
NEW DELHI: Stock market regulator Sebi on Thursday dismissed allegations of stock manipulation against Gautam Adani and Adani group companies by US based short seller Hindenburg Research and said there was no evidence of the group using related parties to route funds to listed companies. In two orders posted on its website, the Securities and […]
‘Feel pain for investors who lost money’
MUMBAI: Adani Group chairman Gautam Adani welcomed Sebi’s decision dismissing the allegations made by the US-based short seller Hindenburg Research. He also expressed sympathy for investors affected by the Jan 2023 Hindenburg report and called for an apology from those “spreading misleading narratives”. The infra tycoon, through a post on X, said: “After an exhaustive […]
Consumers set to save big! FMCG giants P&G Emami and HUL roll out rate cuts; here’s what gets cheaper
Leading FMCG makers Procter & Gamble, Emami and Hindustan Unilever Ltd (HUL) on Thursday announced sweeping price cuts across a wide range of products — from soaps and shampoos to toothpaste, coffee and baby diapers — to pass on the Goods and Services Tax (GST) rate cut benefits to consumers. The new price lists will […]
US mortgage rates dip to lowest since October, 30-year loans fall to 6.26%; refinancing demand surges
The average rate on a 30-year US mortgage fell again this week, reaching 6.26%, marking the lowest level since early October, amid a decline in long-term Treasury yields and the Federal Reserve’s first rate cut of 2025, mortgage buyer Freddie Mac said Thursday. Last week, the rate was 6.35%, and a year ago it averaged […]
Net direct tax mop-up rises 9% to Rs 10.82 lakh cr, corporate advance tax grows; refunds fall
Net direct tax collection climbed 9.18 per cent to over Rs 10.82 lakh crore till September 17 in the current fiscal, driven by higher advance tax payments from corporates and slower issuance of refunds, the government said. Refunds issued during the period dropped 24 per cent to Rs 1.61 lakh crore, PTI reported.Corporate advance tax […]
Fiscal discipline crucial for growth; states to prioritise quality spending: RBI governor
Emphasising the role of fiscal discipline in fostering economic growth and prosperity, RBI Governor Sanjay Malhotra on Thursday urged states to focus on the quality of expenditure and exercise prudence in off-budget borrowings.Speaking at the 35th Conference of State Finance Secretaries, themed ‘Journey towards Economic Prosperity through the Path of Fiscal Consolidation’, Malhotra highlighted the […]
US Fed rate cut: How does it impact mortgages, credit card and savings accounts interest of Americans? Explained
Federal Reserve policy adjustments influence consumer costs for various financial products. (AI image) How does the US Federal Reserve’s decision to cut the benchmark rate by 25 basis points to the 4-4.25% range impact the lives of common people in America? The Federal Reserve establishes the federal funds rate, which governs inter-bank lending practices. Although […]