Paytm’s parent company One97 Communications reported a reduced consolidated loss of Rs 545 crore for the quarter ending March 31, 2025, helped by lower payment processing charges and employee benefit expenses. The results include a notional, non-cash loss of Rs 522 crore, comprising Rs 492 crore in ESOP expenses and Rs 30 crore in impairments,…
Officials have characterised the UK-India FTA as India’s most extensive agreement. (AI image) India-UK trade deal: Prime Minister Narendra Modi announced on X (formerly Twitter), the ‘historic milestone’ that India and the UK have achieved in concluding a Free Trade Agreement (FTA) between the two countries. The agreement is anticipated to be officially signed when…
The United States recorded its highest trade deficit in March, with the total shortfall expanding by 14.0 percent to $140.5 billion, according to the latest government data released on Tuesday. This marks the largest trade deficit since 1992, reflecting a $17.3 billion increase from February’s revised figure of $123.2 billion. The Commerce Department’s report highlights…
Donald Trump (File photo) Donald Trump deals a blow to Indian films! The proposed 100% tariffs on foreign films by US President Donald Trump presents an unexpected challenge for the Indian film industry, potentially impacting its commercial success and sustainability in a crucial international market, according to industry leaders. Trump’s justification for this measure stems…
The central bank’s income from foreign exchange reserves deployment in FY25 appears higher than the previous year, influenced by sustained elevated US treasury yields throughout several months, based on recent RBI data quoted by the Economic Times.This income, stemming from interest earnings on foreign assets, could contribute to an increase in the central bank’s dividend…
AI-generated image (Credit: Bing image creator) China’s finance minister has criticized US tariffs for introducing “unprecedented huge risks” to global economic stability, according to a ministry publication released Tuesday. Simultaneously, China’s foreign ministry, via state-run Xinhua news agency, stated that the US must change its “threatening” stance if it hopes to reach any agreement. The…
Industry organisations on Tuesday welcomed the India-UK Free Trade Agreement (FTA), asserting it will significantly support Indian exporters aiming to expand their presence in the UK market, particularly in the face of current global economic uncertainties. The agreement aspires to elevate bilateral trade to USD 100 billion by 2030. Experts cited by news agency PTI…
India and the UK have finalized the Free Trade Agreement (FTA) and Double Contribution Convention on Tuesday, hailed by Commerce Minister Piyush Goyal as a progressive step towards growth and innovation. Prime Minister Modi and UK Prime Minister Keir Starmer acknowledged the agreement’s potential to enhance trade, investment, and employment. NEW DELHI: Following the finalisation…
PWC to lay off employees in US PwC, one of the Big Four accounting firms, has announced a reduction of approximately 1,500 positions across its United States operations, as confirmed by a company representative to Reuters on Monday.The staff reduction represents about 2 per cent of the company’s United States workforce, according to the spokesperson.The…
US stock markets opens at a low Wall Street opened lower for a second consecutive day on Tuesday, with technology stocks leading the decline. The S&P 500 dropped 0.7 per cent, ending its nine-day positive streak. The Dow Jones Industrial Average fell 255 points (0.6 per cent), while the Nasdaq composite declined 1 per cent….
