What the Nvidia Chip Payoff Deal Says About Trump’s Trade War
A deal for Nvidia and AMD to give the Trump administration a cut of chip sales to China raises questions about national security and trade policy goals. Source link
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US chip policy: Nvidia, AMD agrees to share 15% China sales revenue with Washington; deal tied to AI export license
Nvidia and AMD have agreed to hand over 15% of their revenues from chip sales to China to the US government, a senior US official confirmed, according to the Associated Press. The arrangement is part of a deal allowing the companies to resume sales of specific artificial intelligence chips to the Chinese market.The revenue-sharing terms…
Higher Tariffs Loom as U.S.-China Trade Truce Nears Expiration
President Trump has yet to formally sign off on an agreement to extend an economic cease-fire with China, which expires on Tuesday. Source link
IPO watch: BlueStone Jewellery issue subscribed 39% on debut; QIBs drive demand as retail stays steady
The initial public offering (IPO) of BlueStone Jewellery and Lifestyle Ltd, which sells contemporary jewellery under its flagship brand ‘BlueStone’, was subscribed 39% on the first day of bidding on Monday.According to NSE data, the three-day issue received bids for 63,89,570 shares against 1,65,14,421 shares on offer, reported PTI. The quota for qualified institutional buyers…
Paramount Strikes Seven-Year Deal to Stream UFC Fights
The seven-year $7.7 billion deal is an early win for the company’s new chairman, David Ellison, who took over last week. CBS will also show some marquee fights. Source link
Donald Trump tariffs on India: Can Indian refiners do without Russian oil? ‘Major economic and strategic trade-offs involved…’
Indian refiners have the technical capability to operate without Russian crude, but such a move would come with significant economic and strategic consequences, energy analytics firm Kpler has warned. Russian oil currently makes up nearly 38 per cent of India’s refinery feedstock, prized for its high diesel and jet fuel yields, competitive pricing, and reliable…
Donald Trump’s 50% tariffs on India spark outrage: Calls for boycotting US-based brands grow on social media; self-reliance in focus
The implementation of a 50% tariff on Indian goods by Donald Trump has strained diplomatic relations between New Delhi and Washington. Major American brands in India, including McDonald’s, Coca-Cola, Amazon and Apple, are faced with boycott demands as corporate leaders and supporters of Prime Minister Narendra Modi respond to US tariffs. India’s vast population makes…
Tesla expands India footprint: 2nd showroom for Elon Musk-owned automaker opens in Delhi Aerocity; wider supercharging network planned
Elon Musk-owned vehicle manufacturer Tesla inaugurated its second showroom in India at Delhi’s Aerocity, expanding its presence in the country.The American automaker giant is further set to expand its supercharging network across key Indian metropolitan regions ahead of its September delivery commencement, according to a senior company representative on Monday, quoted by ET. Tesla’s India…
Small Businesses Brace for the Punishing Side Effects of Trump’s Tariffs
Large firms with big bank balances, workers already in jobs and households near the top of the income ladder will have an easier time navigating the economic waves. Source link
New Income Tax Bill 2025 introduced in Parliament: What are the top Parliamentary panel suggestions being included? Check details
The Income-Tax Bill, 2025 was designed to update and simplify India’s taxation system. New Income Tax Bill 2025: Finance Minister Nirmala Sitharaman has introduced modified New Income Tax Bill 2025 in Parliament on Monday. The government had officially withdrawn the Income-Tax Bill, 2025 on Friday, which had been presented in the Lok Sabha on February…