China’s booming exports are emerging as a major concern for Europe, with leaders of the Group of Seven (G7) economies discussing ways to address growing trade imbalances amid fears of a new “China Shock” hitting European industry, according to news agency AP.After years of US tariffs aimed at curbing Chinese manufacturing dominance, Beijing has continued…
India and the UK on Wednesday announced that their landmark free trade agreement (FTA) will come into force on July 15, paving the way for tariff reductions, greater market access and enhanced economic cooperation between the two countries.The announcement marks the final step before implementation of the trade pact, which was signed last year and…
US President Donald Trump on Wednesday signalled progress in ongoing trade negotiations with India, saying the two sides were close to finalising an agreement.“We are very close to the deal,” Trump told reporters when asked about the proposed India-US trade pact on the sidelines of the G7 Summit.The remarks come amid intensified negotiations between New…
Under the new income tax regime, individuals with total income up to Rs 12 lakh can claim a rebate of up to Rs 60,000. (AI image) ITR filing FY 2025-26: Before filing your income tax return, it is important to be aware of the applicable income tax rates and slabs under both the new and…
Exports hit record $863 billion in FY26 despite US tariffs & Middle East crisis India’s exports touched an all-time high of $863 billion in 2025-26 despite disruptions from the West Asia conflict and US tariff measures, underscoring the resilience of the country’s export ecosystem, a senior Commerce Ministry official said on Wednesday.“This has been a…
Benchmark equity indices Sensex and Nifty closed higher for a fourth consecutive session on Wednesday as softer crude oil prices following the US-Iran peace deal boosted investor sentiment despite continued foreign fund outflows.The BSE Sensex rose 347.14 points, or 0.45%, to close at 77,155.62. During the session, it climbed as much as 410.51 points, or…
After being at a war for over four months, the US and Iran will finally be signing an interim memorandum of understanding on Friday. The signing, which will take place in Switzerland, will pave the way for 60 days of negotiations aimed at ending the conflict and imposing strict limits on Tehran’s nuclear programme.According to…
Mumbai: Microfinance lenders showed early signs of stabilisation in the March 2026 quarter, even as the industry’s portfolio shrank sharply from a year earlier and legacy stress continued to build, according to the latest MFI Pulse Report brought out by Equifax and SIDBI.The sector’s total portfolio outstanding stood at Rs 2,77,053 crore as of March…
Reliance Jio Infocomm is reportedly close to filing draft papers for its long-awaited $4 billion initial public offering (IPO). According to a report by Financial Times, released on Wednesday, the filing is expected to come ahead of Reliance Industries chairman Mukesh Ambani’s annual address to shareholders at the company’s annual general meeting on Friday.If completed…
If refiners are ultimately required to raise their stock levels to cover about 30 days of national consumption, they would collectively need to maintain around 150 million barrels of crude oil. (AI image) Drawing lessons from China, India may look to push its domestic refiners to increase the stockpile of crude inventories with energy security…
