Diamond jewellery, textile and marine product exporters are rushing to clear US orders via air and sea before August 27, when President Trump’s proposed 25 per cent additional tariff on Indian imports takes effect. Over the past week, exporters completed pending US orders mainly through sea transport, while using air cargo—despite higher costs—for final consignments […]
Not considering any relief to Voda Idea: MoS
New Delhi: Telecom department is not contemplating providing any relief to Vodafone Idea with regard to adjusted gross revenue, minister of state for communications Chandra Sekhar Pemmasani said on Monday.“We have recently converted a lot of their debt into equity. Govt has done whatever we thought we could do. At this time, we do not […]
US-China trade row: Donald Trump says he could ‘destroy China’; hints at 200% tariffs on rare earths
File photo: US President Donald Trump (Picture credit: AP) US President Donald Trump has claimed that the United States holds overwhelming leverage over China, even suggesting that if he chose to use it, he could “destroy” the world’s second-largest economy.Speaking in the Oval Office on Monday before a bilateral meeting with South Korean President Lee […]
Aviation growth: Govt sets target of 350 airports by 2047, Union minister says states and smaller cities will drive expansion
Civil aviation minister Ram Mohan Naidu Kinjarapu on Monday said the Centre aims to build 350 airports across India by 2047 as part of its vision for a ‘Viksit Bharat’, more than doubling the current tally of 162 airports, ANI reported.Speaking at the Eastern Region Ministers’ Conference on Civil Aviation, Kinjarapu said civil aviation was […]
CPI overhaul: Govt to track Amazon and Flipkart prices, inflation gauge to reflect digital shopping boom
India’s inflation index is set for its biggest makeover in years, with the government preparing to pull price data straight from e-commerce platforms such as Amazon and Walmart-owned Flipkart. The plan marks a decisive shift in how retail inflation will be measured — bringing online shopping, streaming services and digital airfares into the equation.Officials say […]
NRI banking explained: How NRE and NRO accounts differ; and which one works better for you
Managing money across borders can be tricky for non-resident Indians (NRIs), especially since they are not allowed to open regular savings accounts in India. To meet their unique needs, banks offer two specialised options — the Non-Resident External (NRE) account and the Non-Resident Ordinary (NRO) account. While both accounts can be held simultaneously, their purpose […]
Corporate earnings: RBI data shows listed firms’ sales growth slows to 5.5% in Q1, IT and manufacturing drag overall pace
Sales growth of listed private non-financial companies slowed to 5.5 per cent in the first quarter of FY26, down from 6.9 per cent in the same period last year, according to data released by the Reserve Bank of India (RBI) on Monday. The figures were compiled from the quarterly financial results of 3,079 listed private […]
US market today: Wall Street dips as Nvidia earnings awaited, Fed signals keep investors cautious
Wall Street stocks slipped on Monday as investors turned cautious ahead of Nvidia’s earnings and fresh inflation data, with the pullback coming after a strong rally driven by expectations of potential interest rate cuts.The Dow Jones Industrial Average eased 0.1% to 45,577.09, while the S&P 500 shed 0.2% to 6,455.88. The Nasdaq Composite lost 0.4% […]
‘Completely unlinked to…’: Piyush Goyal says India’s China shift not linked to US trade talks; hints at ‘tons’ of reforms
Talking about the shift in India’s policy towards China, Piyush Goyal said, “I think that shift has nothing to do with this current situation. Amidst looming 50% Trump tariffs, Commerce minister Piyush Goyal has said that India’s bettering trade ties with China are independent of the India-US trade deal talks.Talking about the shift in India’s […]
Infra push: NBCC bags Rs 3,700 crore Rajasthan order, to build convention centre, IT tower and housing on 95-acre land
State-owned NBCC Ltd has secured a major order worth around Rs 3,700 crore from the Rajasthan government to develop and market a 95-acre mixed-use project in Jaipur.In a regulatory filing on Monday, the company said it has been selected as the lead agency to design, build and market the proposed project, which will include the […]