Trump has consistently warned of sanctions and additional repercussions for Moscow. (AI image) US President Donald Trump has issued a fresh warning of ‘economic war’ to Russia if Russian President Vladimir Putin and Ukrainian President Volodymyr Zelenskiy fail to resolve their ongoing conflict.According to a Bloomberg report, Trump said the ‘economic war’ would be ‘very […]
Digital land records to boost FDI: Developers to gain from faster acquisitions; residential and commercial sectors set to benefit
The nationwide initiative for complete digitalisation of land records by December will significantly enhance foreign direct investment (FDI) in real estate, as land procurement remains the primary challenge for developers, according to industry specialists.Property acquisition for commercial spaces, including offices, logistics and data centres, will become more efficient, while the residential sector will see improvements […]
Trump’s 50% tariffs on India take effect: Industry analysts warn of fallout as export hubs brace for pain; trade deal still in limbo— key takeaways
Trump had announced 50% tariffs on India earlier this month, which went into effect on Wednesday (AI image) NEW DELHI: The additional 25 per cent tariff imposed by US President Donald Trump on Indian goods over New Delhi’s purchases of Russian oil have come into effect, raising the overall levy on exports to 50 per […]
50% tariffs on India to blowback on Trump? US GDP growth could shrink 40–50 bps, inflation to flare: SBI report
Trump imposed 50% tariffs on India (AI image) NEW DELHI: The recent US decision to impose steep tariffs on Indian goods could boomerang on the American economy by pushing up inflation and shaving growth, according to an analysis by the State Bank of India (SBI). The report, quoted by ANI, estimates that US GDP growth […]
Enhancing accessibility: PMS industry wants Sebi to lower Rs 50 lakh minimum investment; sees it has key hurdle
The industry is already facing pressure following the introduction of Specialised Investment Funds (SIFs) from April this year. (AI image) The Portfolio Management Services (PMS) industry has approached market regulator SEBI to reduce the minimum investment threshold of ₹50 lakh to make this investment channel accessible to a wider base of investors. Sebi had increased […]
Gangwal to sell 3.1% Indigo stake for over Rs 7k crore
MUMBAI: Rakesh Gangwal along with the family’s trust, part of the promoter family of Interglobe Aviation (Indigo), is selling about 1.2 crore shares of the airline, translating to 3.1% of its equity for at least Rs 7,028 crore (about $801 million).The Indian arms of Morgan Stanley, Goldman Sachs and JP Morgan are managing the block […]
Trump tariffs: Stories from the battlegrounds
Trump tariffs to take effect It’s here — Trump’s 50% tariffs on India. So, where do India’s exporters go from here? For some of India’s biggest exporters, the answer is any which way that helps them survive the biggest business shock of their entrepreneurial career.TOI spoke to companies across sectors for this story. Some companies […]
No de minimus? No parcels: 25 countries suspend postal services to the US; over Trump tariffs UN postal agency
The global flow of parcels to the United States has been thrown into chaos after 25 countries decided to halt shipments, as fears over US President’s looming tariffs grow.The Universal Postal Union (UPU), a United Nations agency, confirmed on Tuesday that several nations had suspended deliveries due to uncertainty created by President Donald Trump’s new […]
India not bowing to Trump’s pressure! As 50% US tariffs kick in, here’s how government aims to counter impact – from GST cuts to next-gen reforms
Having drawn its red lines, and safeguarding its strategic autonomy, India is looking to counter the impact of the high tariffs. (AI image) India is bracing to face 50% US tariffs from August 27, after the Donald Trump administration notified that 25% additional tariffs on Indian goods will come into effect from Wednesday. India is […]
US economy: Consumer confidence slips again in August; job market fears rise for eighth month
American consumers became less confident of the US economy in August, as worries over the jobs market continuing to mount for the eighth month in a row.Figures released on Tuesday by the Conference Board showed that its consumer confidence index slipped to 97.4 in August from 98.7 in July, a 1.3-point decline. The reading, though […]