Asian stock markets showed a mixed performance on Friday, with strong Japanese growth figures offset by weaker Chinese data, while oil prices slipped ahead of a high-stakes US-Russia summit on Ukraine.As per news agency AFP, Japan’s economy expanded by 0.3% in the April-June quarter, surpassing forecasts, while the previous quarter’s output was revised upwards, helping […]
‘We must achieve energy independence’: PM Modi unveils major push for nuclear, offshore oil; aims to cut imports
Prime Minister Narendra Modi on Friday outlined an ambitious roadmap to drastically cut India’s reliance on imported oil and gas, announcing rapid expansion in nuclear power, deep-sea oil exploration, and other clean energy initiatives. Speaking from the ramparts of the Red Fort on the country’s 79th Independence Day, he said energy self-reliance is critical for […]
Big GST cheer for common man! Two-slab tax structure to replace 5-28% rates; Finance ministry shares important details
The ministry of finance has released details on the proposed GST reforms, saying that a two-slab GST structure is being mulled. (AI image) Big GST relief soon! Prime Minister Narendra Modi in his Independence Day speech announced that the Goods and Services Tax (GST) burden on the common man is set to come down from […]
Japan-economy: Q2 expansion outpaces estimates; output avoids recession
Japan recorded modest economic growth in the April–June quarter, overcoming the pressure of steep US tariffs, official figures showed on Friday. Preliminary data from the Cabinet Office indicated that gross domestic product (GDP) grew 0.3% from the previous quarter, outpacing market expectations of 0.1%. The January–March reading was also revised up to 0.1% growth from […]
PM Modi promises big Diwali gift! GST reforms to lower tax burden for common man soon; here’s what he said in Independence Day speech
PM Modi promised a Diwali gift for people in the form of GST reforms and lower tax burden. (AI image) In a big cheer for the middle class and common man, Prime Minister Narendra Modi on Friday announced upcoming Goods and Services Tax (GST) reforms. Speaking from Red Fort on the occasion of the 79th […]
India-US trade ties: India’s exports to US rise nearly 20% in July, imports up 13.78%
India’s goods exports to the US surged 19.94% to $8.01 billion in July, while imports rose 13.78% to about $4.55 billion, according to commerce ministry data.During April-July 2025-26, exports to the US jumped 21.64% to $33.53 billion and imports climbed 12.33% to $17.41 billion, the data showed. The US retained its position as India’s largest […]
US tariffs on Indian goods: Govt plans four-pillar strategy to boost exports; here’s all you need to know
NEW DELHI: Government is rolling out a four-pronged strategy to boost India’s exports, focusing on fast-tracking trade pact negotiations, improving ease of doing business, enhancing export competitiveness, and diversifying both exports and imports, a top official said on Thursday.The move comes in response to steep new US tariffs on Indian goods, which have triggered concerns […]
This Independence -Day, brands go vocal for local
MUMBAI: From celebrating India’s rich cultural heritage and craftsmanship to being vocal for local, Independence Day campaigns crafted by companies this year are going all out to showcase the country’s potential. As India marks its 79th year of independence amid tariff turbulence, which risks derailing the country’s short-term growth trajectory, the show of Indian might […]
After 18 years, S&P upgrades India’s sovereign rating to BBB
NEW DELHI: Ratings agency S&P Global on Thursday raised India’s sovereign rating to BBB after an 18-year gap, citing robust growth and fiscal consolidation, and asserted that 50% US tariffs, if imposed, would have an “overall marginal” impact and will not derail the country’s long-term growth prospects.The ratings upgrade comes amid a tense tariff stand-off […]
Mistrys support Noel Tata joining Tata Sons board
MUMBAI: The Pallonji Mistry family, the largest individual shareholders of Tata Sons, have backed Noel Tata’s appointment to the board of the holding company of the $180 billion Tata Group. Noel, 69, is the son-in-law of the late Pallonji Mistry and was nominated to the board of Tata Sons by its largest shareholder, Tata Trusts. […]