The commerce ministry’s investigation arm has recommended a three-year safeguard duty on imports of certain flat steel products, citing a sudden surge in shipments that threatened serious injury to domestic producers, PTI reported.In its final findings, the Directorate General of Trade Remedies (DGTR) said it observed “a recent, sudden, sharp and significant increase in imports […]
US tariffs impact on jobs: Nearly 3 lakh workers at risk in textiles and gems; Here’s what experts say
The steep tariffs imposed on Indian exports to the US have triggered sharp debate among staffing specialists, with some flagging the risk of immediate job losses and others suggesting that India’s domestic demand and trade diversification could soften the blow.“The recent imposition of additional US tariffs is expected to have a direct and substantial impact […]
Trade balance: India’s current account deficit may double to 1.2% of GDP in FY26, says Union Bank report
India’s current account deficit (CAD) is projected to nearly double in the next fiscal, touching 1.2 per cent of GDP in FY26 compared with 0.6 per cent in FY25, Union Bank of India said in a report.The bank cautioned that evolving trade dynamics, global commodity prices, and geopolitical developments could add further pressure. “We see […]
Gold outlook: Yellow metal prices may consolidate next week, traders eye Fed signals and global data cues
Gold prices are expected to witness a phase of consolidation in the coming week as investors focus on fresh global economic data, commentary from central bankers and evolving geopolitical developments, according to analysts.Traders will keep a close watch on US housing numbers, consumer price data from the UK and Eurozone, and provisional PMI releases from […]
Air Canada strike: Government ends flight attendants’ walkout, services to resume but cancellations linger
Air Canada will restart flights on Sunday evening after the Canadian government intervened to end a strike by its 10,000 flight attendants that left more than 100,000 travellers stranded during the peak summer season.The airline, Canada’s largest, said it will take several days before operations return to normal and warned that some flights would remain […]
FPI selloff: Rs 21,000 crore offloaded from Indian markets in August first half; Analysts cite US tariffs, Q1 earnings and rupee depreciation
Foreign portfolio investors offloaded Indian equity holdings by approximately Rs 21,000 crore in early August 2025, driven by US-India trade disputes, muted Q1 corporate results, and rupee depreciation.The total FPI equity outflows reached Rs 1.16 lakh crore in 2025, as per depository records. Meanwhile, depository data also show that FPIs withdrew Rs 20,975 crore from […]
Sebi report shows surge in settlement pleas, 703 cases filed in FY25, Rs 799 crore collected in charges
Markets regulator Sebi has reported a sharp rise in settlement pleas, receiving 703 applications in 2024-25 to resolve alleged violations of securities laws without prolonged litigation. This marked a steep increase from 434 applications filed in 2023-24.According to Sebi’s 2024-25 annual report, 284 of these pleas were settled through appropriate orders, while 272 applications were […]
E20 rollout sparks consumer concerns: Mileage dip, engine woes reported — what car owners say about use of ethanol-blended petrol
Ethanol-blended petrol worries consumers (AI-image) The nationwide rollout of 20 per cent ethanol-blended petrol (E20) has triggered a wave of questions and concerns from vehicle owners, with many claiming declining fuel efficiency, sluggish performance and higher maintenance costs. Service centres say non-E20-compliant vehicles — which still account for a majority on Indian roads — are […]
Market outlook: How will D-Street react to Alaska meeting, GST announcement? Here is what experts say
Markets are set for a strong start on Monday, with both global and domestic factors likely to lift investor sentiment. The twin triggers include Prime Minister Narendra Modi’s Independence Day announcement of GST reforms and the “understanding” reached between US President Donald Trump and Russian President Vladimir Putin.The Alaska meetingTrump and Putin held a close […]
GST 2.0 to treat more than rate cuts: Revamp to fix classification disputes, duty inversions- What officials say
GST (representative image) The proposed revamped goods and services tax (GST) 2.0, developed through extensive consultations, aims to be more comprehensive than just rate adjustments. Officials, quoted by Economic Times, indicate it will fundamentally restructure the eight-year-old indirect tax system. The changes focus on resolving classification conflicts, duty inversions and operational challenges to provide businesses […]