India already faces 50% US tariffs, of which 25% penal tariffs are on account of its crude imports from Russia. (AI image) US President Donald Trump’s move to sanction two of Russia’s largest oil firms – Rosneft and Lukoil – may finally force India and China to drastically reduce or even stop their crude oil…
The US may see another rate cut this year, even as uncertainty looms over the economy due to the ongoing US government shutdown.The Federal Reserve’s second-to-last rate meeting of 2025 takes place amid a standoff between Republicans and Democrats over healthcare subsidies, which has halted the publication of nearly all official economic data. Without these…
The longstanding trade tensions between the United States and China might finally come to an end as the two nations are making progress on finalising the details of a trade agreement, a US official said on Sunday.“I think we’re moving forward to the final details of the type of agreement that the leaders can review…
Several major US employers have paused or limited the sponsorship for H-1B visas after the Trump administration imposed a $100,000 fee for new applications. The fee, aimed at new applicants, does not affect current visa holders or renewals.The administration said that the reform is intended to attract highly skilled foreign workers while preventing misuse of…
The new consolidated notification effectively merges all relevant exemptions and procedural details into a single framework, eliminating redundancy while preserving the substance of existing benefits. NEW DELHI: Central Board of Indirect Taxes and Customs (CBIC) Saturday rolled out another trade facilitation measure merging 31 Customs duty notifications into a consolidated one. It said the new…
India is gearing up to transform its electronic waste into a major source of critical minerals, as the ministry of mines intensifies collaboration with private players to build large-scale recycling capacity across the country. The ministry is working closely with private industry to expand the country’s recycling capacity, aiming to fully process electronic waste and…
Reliance Industries chairperson Mukesh Ambani MUMBAI: Reliance Industries and Meta Platforms will make a joint investment of Rs 855 crore in AI services in India, a market expected to reach $20-22 billion by 2027. The companies – one owned by India’s richest man, Mukesh Ambani, and the other led by Mark Zuckerberg – will be…
KVS Manian, MD & CEO, Federal Bank MUMBAI: Federal Bank chief KVS Manian said that the recently-announced capital raise from private equity investor Blackstone will give the lender flexibility to consider acquisitions to support growth, after the board approved a preferential issue of warrants to the US asset manager on Oct 24 in Kochi.The bank…
US President Donald Trump announced on Saturday that he is increasing tariffs on Canadian goods by an additional 10 per cent, in response to a Canadian advertisement featuring late US leader Ronald Reagan.Also Read | ‘Cheated and got caught!’ Trump again blasts Canada over ‘fake Reagan ad’; cites national security The move comes just two…
India’s top office markets—Bengaluru, Delhi-NCR and Mumbai—saw an average 4.3 per cent year-on-year growth in prime office rents during July-September 2025, according to real estate consultant Knight Frank. As per news agency PTI, leasing activity across these cities is expected to reach 50 million sq ft in 2025, surpassing last year’s record of 41 million…
