India’s gross Goods and Services Tax (GST) collection rose 7.5 per cent year-on-year to Rs 1.96 lakh crore in July 2025, helped by higher domestic revenues, according to data released by the finance ministry on Friday.The gross GST mop-up in July 2024 stood at Rs 1.82 lakh crore, while the June 2025 collection was Rs…
President Trump’s newest barrage of tariffs, major corporate earnings reports and an imminent reading on the U.S. labor market weighed on markets. Source link
Experts widely view Trump’s tariff move as a pressure tactic to get India to agree to US terms. The US decision to impose 25% tariffs will have minimal effect on India, sources told PTI. India is clear that duty exemptions for agricultural, dairy and genetically modified (GM) products in trade agreements is a no-go area,…
The largest U.S. energy companies reported their lowest second-quarter profits in years, as tariffs have weighed on oil prices. Source link
India’s manufacturing sector achieved a 16-month peak of 59.1 in July, driven by increased orders and output amidst positive market conditions, according to a Friday survey report.The HSBC India Manufacturing Purchasing Managers’ Index increased to 59.1 in July from June’s 58.4, indicating the sector’s strongest performance since March 2024.For PMI measurements, readings above 50 indicate…
Swiss officials plan to negotiate furiously for a lower rate in the coming days, before the punishing levy takes effect. Source link
The cryptocurrency market saw a sharp downturn on Friday, with Bitcoin slipping below $115,200 amid fresh US tariffs and widespread profit-taking that triggered large-scale liquidations. Bitcoin was trading at $115,149, down 3 per cent, while Ethereum dropped 5.5 per cent to $3,663 at 12.30 pm IST, according to CoinMarketCap data cited by Economic Times. The…
Amazon delivered a strong fiscal second quarter, with both profit and revenue surging year-over-year, even as trade uncertainty from tariffs by US President Donald Trump loom over the global business climate. For the quarter ended June 30, the tech giant reported net income of $18.16 billion, or $1.68 per share, up from $13.49 billion, or…
Image used for representative purposes(AI image) NEW DELHI: Global trading company Jane Street is reportedly not assisting the Income Tax Department with their ongoing investigation, according to sources.Sources told ANI that the investigation faces significant challenges as the company’s essential servers are situated outside India, with officials encountering access limitations. “Access to the servers is…
President Trump wants lower interest rates, but Jerome H. Powell, the chair of the Federal Reserve, is not yet ready to deliver them. Source link
