US and Canada hold last-minute talks to stop Trump’s 50% tariffs The United States and Canada are in a race against the clock to reach a tariff agreement before a 12:01 am Wednesday deadline imposed by US President Donald Trump.Failure to strike a deal could see Trump impose 50% tariffs on $20 billion worth of…
A large portion of Indian exports of these products already attract antidumping and countervailing duties in the US. India has approached the World Trade Organisation (WTO) over the Donald Trump administration’s move of announcing safeguard tariffs of 25% to 55% from August 15 for quartz surface products.India approached the WTO on August 14 seeking consultations…
Technology shares have swung sharply this summer as investors question whether valuations have risen too far. US stock market today: Wall Street benchmarks moved further away from their record high on Tuesday as technology shares related to the artificial-intelligence boom came under renewed selling pressure.The S&P 500 declined 0.5%, putting it on course for a…
Global oil stocks are under pressure, and the scale of disruption is particularly difficult to determine. The US-Iran war may have led the world to see one of the biggest oil supply disruptions in history but crude prices have largely seen a limited spike. But, for how long? The Middle East conflict is showing no…
AI is becoming a part of finance but governance has to catch up What if your next financial advisor is an AI?You could ask how much tax you owe, whether a particular investment is too risky, whether you can afford a home loan, or which financial product suits your needs.For companies, the questions get bigger:…
India’s chip story enters next phase India is likely to have five to six semiconductor projects in commercial production by the end of 2026, marking the next phase in the country’s efforts to build a semiconductor ecosystem, MeitY secretary S Krishnan said on Tuesday.Speaking at a press conference to announce the fifth edition of Semicon…
Bank holiday on August 19 If you are planning a bank visit on Wednesday, August 19, you may want to check your state’s holiday calendar first. Banks in Tripura will remain closed tomorrow to mark the birthday of Maharaja Bir Bikram Kishore Manikya Bahadur.The holiday, however, is not applicable to banks across India. Bank holidays…
Indian currency notes. Photo credit: Reuters MUMBAI: The US banknote, the most ubiquitous currency in the world used in everything from drug deals to legally accepted tender in multiple countries, falls short of the rupee when it comes to circulation numbers. RBI deputy governor Shirish Chandra Murmu said there are three times as many rupee…
For Indian ships, the Arctic route could reduce the sailing distance by as much as 40%. (Image for representative purpose) In an important move, India may look to send its first cargo ship via the Northern Sea Route (NSR) to Russia next year. Russia’s Arkhangelsk region has held discussions with New Delhi on ways to…
India exported around $380 million worth of quartz surface products to the US in FY26. As the Donald Trump administration continues to find ways to impose tariffs, India has approached the World Trade Organization (WTO) seeking consultations with the US over Washington’s tariff-rate quota on imports of quartz surface products. The measure took effect on…
