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 […]
US eyes defence pie! After Intel, will Donald Trump administration buy stakes in Lockheed Martin, Boeing? Commerce Secretary makes big statement
The US government is evaluating potential ownership stakes in defence industry firms. (AI image) The Donald Trump administration seems to be eyeing America’s top defence giants for a stake after it struck a deal with Intel last week. The US government is evaluating potential ownership stakes in defence industry firms, including Lockheed Martin Corp, US […]
Tariff trauma spooks D-St as sensex slides 849 points
Mumbai: The higher US tariffs against select Indian imports to the world’s largest economy that is set to kick off today, and no end in sight to the India-US impasse, spooked Dalal Street as investors pressed the sell button on Tuesday. In addition, Wednesday being a trading holiday also weighed on investor sentiment since any […]
Donald Trump vs Fed governor: US President’s attempts to fire Lisa Cook might land in legal battle; Biden appointee vows not to resign
US President Donald Trump’s attempt to dismissal Federal Reserve governor Lisa Cook is expected to land in court, raising questions over the extent of presidential powers against the traditionally independent central bank.Legal experts say Trump’s claim that he can fire Cook, a Biden appointee, is legally weak but unprecedented. The Supreme Court has recently allowed […]
`Indian pharma resilient to potential US tariffs’
Potential tariff on pharma imports into the US, while still under Section 232 investigation, is unlikely to impact the credit profiles of Indian pharma companies, India Ratings and Research (Ind-Ra) said.While the US contributes around 35% to the total revenue for leading domestic pharma companies, this proportion has been steadily declining over the past few […]