A rough week on Dalal Street wiped out Rs 2.74 lakh crore from the combined market value of nine of India’s 10 most-valued companies, as weak investor sentiment weighed on equities. HDFC Bank took the biggest hit, while Hindustan Unilever stood out as the only company in the top-10 pack to end the week with…
Donald Trump‘s tariff strategy is once again under legal scrutiny.Just as temporary 10% worldwide tariffs expired, two groups of small businesses headed to court to challenge the administration’s latest trade measures. The lawsuits target the sweeping tariffs announced earlier this week, which impose double-digit levies on goods from 60 trading partners and cover 99% of…
Experts point out that India’s strategic petroleum reserve policy should evolve into a broader energy security strategy that covers crude oil, LPG, and LNG. India’s energy security has been in sharp focus since the start of the US-Iran conflict. The need for robust strategic reserves to counter impact of global supply disruptions cannot be overstated….
Bank of Baroda and Bank of India are aiming to raise over $6 billion in foreign capital MUMBAI: Bank of Baroda and Bank of India, the two largest public sector banks in terms of overseas branches, are aiming to raise over $6 billion in foreign capital through schemes where RBI undertakes to cover forex risk…
The IT firm will establish the AI data centre in partnership with homegrown AI startup Sarvam and Odisha govt BENGALURU: HCLTech plans to invest Rs 14,257 crore to set up its first AI data centre at the upcoming Odisha Sovereign AI Park, marking one of the country’s largest investments in sovereign AI infrastructure.The IT firm…
Trump loses bid to impose $100k fee on H-1B visa The Trump administration suffered a setback on Friday after a US federal appeals court refused to lift a ruling that blocks the government from charging a $100,000 fee for new H-1B visas.The 1st US Circuit Court of Appeals in Boston left in place a June…
Trump administration imposes tariffs Trump slaps 10% tariff on India, no major impact seen | page 23New Delhi: The US Trade Representative has announced 10% additional tariffs on India and several other countries for allowing import of goods using forced labour.The “permanent” levy after a Section 301 probe, which was on expected lines, will replace…
Global benchmark Brent crude topped the $100-per-barrel mark NEW DELHI: Global benchmark Brent crude topped the $100-per-barrel mark Thursday for the first time in nine weeks as the renewed conflict between US and Iran in West Asia disrupted shipments thr-ough Strait of Hormuz, while Tehran-backed Houthi rebels continued to target shipping through Bab el-Mandeb Strait.Brent…
Rahul Bhatia, promoter and MD of India’s largest carrier IndiGo NEW DELHI: Rahul Bhatia, promoter and MD of India’s largest carrier IndiGo, has opposed the proposed move to allow airport operators in India to own and run airlines too. “There is no global precedent for this. It raises massive conflict-of-interest concerns, and it is unclear…
US President Donald Trump on Thursday imposed fresh tariffs on imports from 60 economies over concerns related to forced labour practices, with India among 17 economies that will face a lower 10% tariff instead of the proposed 12.5% duty.The new tariffs, imposed under Section 301 of the Trade Act of 1974 took effect at 12.01…
