The Indian government has urged the USTR to withdraw its proposal to levy the additional 12.5% tariff. (AI image) The Donald Trump administration’s Section 301 probe and threat of fresh tariffs has added a layer of uncertainty for several countries including India.The United States Trade Representative (USTR) has advanced one of its two investigations into…
Rupee began Wednesday on a weak note against the US dollar, surrendering gains it made in the previous session. The currency began the day at 95.15 in the interbank foreign exchange market and slipped to 95.16 in early trade, a decline of 20 paise from its previous close of 94.96 against the greenback. On Tuesday,…
Equity markets head into Wednesday with global developments taking centre stage after crude oil prices jumped nearly 3% in early trade following US military strikes on Iran, reviving concerns over disruptions in the Strait of Hormuz. Back home, Sensex ended Tuesday 104.35 points lower at 78,180.72, while Nifty50 slipped 31.65 points to 24,398.70, with gains…
Top stocks to buy today (AI image) Stock market recommendations: Hero MotoCorp, Tata Steel are the top stocks to buy recommended by Mehul Kothari, DVP – Technical Research at Anand Rathi Shares for July 7, 2026. He also recommends buying Nippon India ETF Nifty IT (ITBEES).Hero MotoCorp: Rebound Expected from Long-Term Trendline SupportBuy: Rs 5,020–Rs…
Gold price today: Yellow metal fell Rs 1,400 in previous session Gold prices have recorded a steep decline in the domestic market, with the price of 99.9% purity gold falling by Rs 1,400 to Rs 1,49,250 per 10 grams from the previous session. Silver also moved lower, shedding Rs 200 to Rs 2,39,800 per kilogram…
New Delhi: Starting next Tuesday, India’s official statistical machinery is set to release the index of services production (ISP), with base year 2024-25, which will act as a high frequency indicator to gauge short- term economic momentum, covering nearly two-third of gross value added (GVA) of the sector.Till now, policymakers have only relied on the…
New Delhi: India moved up two places to emerge as the 11th biggest recipient of foreign direct investment (FDI in 2025, with inflows jumping 44% to $39 billion. The country is emerging as a preferred destination for investments in electronics, automobiles material and industrial manufacturing, the latest World Investment Report said.The UNCTAD publication also said…
New Delhi: Top companies, including American giants, have cautioned USTR that its move to impose additional tariff of up to 12.5% on 60 countries, including India, will push up costs for consumers and businesses, with several of them seeking exemptions for specific products.“The practical effect would be to make it more expensive to build in…
Apart from strategic petroleum reserves and LPG reserves,, India is now looking to build emergency liquefied natural gas (LNG) reserves. (AI image) Even as it focuses on building its strategic petroleum reserves, India is now looking to build emergency liquefied natural gas (LNG) reserves. The plan is to have storage at import terminals by allowing…
The United States on Tuesday (local time) revoked a 60-day sanctions waiver that had allowed the sale of Iranian oil, according to the Treasury Department. The license, issued last month as part of an interim agreement to halt fighting between the US and Iran, had temporarily eased restrictions on Iranian oil exports. Treasury officials did…
