‘Take it or leave it’: Donald Trump says US tariff letters ready for 12 countries ahead of July 9 deadline; will be sent out from…

The US president and his senior officials had initially planned to engage in tariff rate discussions with many countries. (AI image) Donald Trump’s tariff deadline: Ahead of his self-imposed deadline on reciprocal tariffs, US President Donald Trump has said that 12 countries will be getting letters Monday onwards detailing their tariff rates. It is yet…

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Brics summit: India pushes for trade without barriers; business leaders call for local currency use, digital collaboration

Representative image (Picture credit: AP) As Prime Minister Narendra Modi embarks on his visit to Brazil for the 17th Brics Summit, Indian business leaders and the Brics Business Council are pushing for deeper economic integration and seamless trade within the bloc. Onkar Kanwar, chairman of the Brics Business Council, underlined that the grouping’s central aim…

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Oil market watch: Saudi, Russia-led OPEC+ eyes fresh hike for August; focus to likely shift from price stability to market share

Saudi Arabia, Russia and six other major oil producers from the OPEC+ alliance will meet on Saturday to decide their crude output strategy for August, with analysts expecting the bloc to approve another production hike of 411,000 barrels per day (bpd), mirroring decisions made for May, June and July. The meeting will be held virtually…

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ONGC plaint: CCI seeks docs from UltraTech

NEW DELHI: Fair trade regulator CCI has directed Aditya Birla firm UltraTech, which now owns south-based cement firm India Cements, along with two other makers and their executives to submit financial documents, after its director general in its investigations found contravention of competition norms.The Competition Commission of India (CCI) has also directed Dalmia Bharat Cements…

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Gold gains on Trump’s latest tariff salvo

Gold rose – putting it on track for a 2% weekly gain – as President Donald Trump said some US trading partners would face tariffs from Aug 1. Bullion rose 0.5% to around $3,340 an ounce on Friday as investors weighed the latest trade comments from the president, who said the administration will start sending…

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Muted demand: Home loan growth falls to 2.7% in FY25

MUMBAI: India’s retail lending sector slowed notably in FY25, as a mix of economic headwinds, regulatory tightening, and shifting borrower behaviour led to a broad-based moderation in credit growth. According to CRIF High Mark’s annual How India Lends FY25 report, the deceleration was especially visible in home loans and personal loans, which have traditionally anchored…

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