Crude imports from Saudi hit highest level New Delhi: Crude oil imports from Saudi Arabia have hit their highest levels since Nov 2019, clocking nearly 1-1.1 million barrels per day (bpd) in Feb, and overtaking Russia temporarily to emerge as the biggest supplier to India.According to data shared by Kpler, a global data and analytics…
India found itself directly referenced in a landmark US Supreme Court judgment limiting presidential tariff authority, after justices examined how tariffs imposed under emergency powers were used as tools of foreign policy– including pressure linked to Russian oil imports.The ruling in Learning Resources, Inc. v. Trump held that the International Emergency Economic Powers Act (IEEPA)…
“I can do anything I want,” Donald Trump declared in his address as his first reaction to the Supreme Court’s landmark ruling on Friday, a major setback to his second stint in the presidency.“There are methods that are even stronger available to me,” he said in his White House address.Trump also said he was “absolutely…
MUMBAI: Nearly three years after splitting from its Silicon Valley parent Sequoia Capital, Peak XV Partners (formerly Sequoia Capital India and Southeast Asia) has raised $1.3 billion for a clutch of funds to bet on startup founders building in India and the broader APAC region. The capital will be deployed across three funds–India seed, India…
Thousands of US businesses scored a major victory after the US Supreme Court struck down emergency tariffs imposed by President Donald Trump. However, while companies welcomed the decision, the process of getting refunds worth billions of dollars is expected to be slow and complex.In a landmark ruling with global economic implications, the court said Trump…
US stocks traded with modest gains in tentative trading on Friday after the Supreme Court struck down President Donald Trump’s sweeping tariffs, a move that had previously contributed to market volatility, AP reported. The Dow Jones Industrial Average rose 128 points, or 0.3 per cent. The S&P 500 gained 0.4 per cent, while the Nasdaq…
US economic growth cooled more than expected in the final months of 2025, official estimates showed on Friday, marking a slower end to the first year of Donald Trump’s return to the presidency.The world’s largest economy expanded at an annualised rate of 1.4 per cent in the October–December quarter, the US Department of Commerce said,…
Foreign exchange reserves climbed sharply to a new record level in the week ended February 13, rising by $8.663 billion to $725.727 billion, the Reserve Bank of India (RBI) said on Friday, PTI reported.The latest increase follows a decline of $6.711 billion in the previous reporting week, when the reserves had slipped to $717.064 billion….
IMF MD Kristalina Georgieva IMF managing director Kristalina Georgieva said that artificial intelligence can fulfil India’s ambition of Viksit Bharat while boosting global growth by 0.8%.Speaking at the AI Impact Summit, Georgieva cited research by the International Monetary Fund and said that AI could accelerate growth significantly across the world. ‘Crucial Role For India In…
India is set to operationalise its recently signed trade deals with the United States, the United Kingdom, and other countries soon. Earlier this month, India and the US announced that they had reached an interim trade deal, scheduled for formalisation in March. Union commerce and industry minister Piyush Goyal said on Friday that the deal…
