NEW DELHI: Despite pressure from the US, govt has dismissed reports that it has asked refiners to stop purchasing Russian crude, which has emerged as the top source of petroleum for Indian refineries.Since the war erupted in Ukraine, Russia has become the favourite source of oil, especially for private refiners, thanks to the hefty discount…
Adani Enterprises Ltd, the flagship company of billionaire Gautam Adani’s group, reported a 49% decline in the June quarter profit as weak coal demand offset growth in the airport and mining units. The company posted a net profit of Rs 734 crore in Q1 FY26, compared to Rs 1,458 crore earnings in Q1 FY25. Source…
Jaguar Land Rover CEO Adrian Mardell is leaving the Tata Motors-owned carmaker, as it grapples with higher US tariffs and a controversial makeover of the Jaguar brand. “Mardell has expressed his desire to retire from JLR after three years as CEO and 35 years with the company,” a spokesperson said A video last year teasing…
Donald Trump (AP file photo) NEW DELHI: US President Donald Trump’s move to impose a 25% tariff on Indian imports from August 1 and an unspecified “penalty” for buying Russian oil and defence equipment is unlikely to have a major impact on India’s overall economic growth but short-term sentiment may be dented.Growth is expected to…
The average rate on a 30-year fixed US mortgage slipped to 6.72% this week, down slightly from 6.74% a week earlier and matching levels last seen three weeks ago, mortgage buyer Freddie Mac said on Thursday. The minor decline offers limited relief for buyers grappling with high home prices and borrowing costs.A year ago, the…
NEW DELHI : President Donald Trump’s announcement of a deal to develop Pakistan’s “massive oil reserves” sounds more like a strategic manoeuvre on the South Asian chessboard to counter Islamabad’s growing dependence on Beijing and pressure India over the trade deal, rather than a realistic assessment of the country’s immediate hydrocarbons potential.Various estimates peg Pakistan’s…
Piyush Goyal’s over six minute statement was also an answer to Trump’s jibes about India’s economy. US President Donald Trump has in the last 24 hours announced 25% tariffs on India, warned of additional penalties, expressed displeasure over BRICS of which India is a member, and called India a ‘dead economy’. The turn of events…
Wall Street rose on Thursday, led by a strong rally in Microsoft and Meta Platforms, as optimism over artificial intelligence and solid earnings pushed major indices toward new record highs. However, concerns over inflation data and President Donald Trump’s shifting tariff policy kept investor sentiment cautious ahead of the next Federal Reserve meeting.The Nasdaq Composite…
Donald Trump tariffs (AI image) The United States has collected more tariff revenue in the first-half of 2025 than in all of last year, signalling a dramatic rise in income driven by President Donald Trump’s aggressive trade policy. As per news agency AFP, the US treasury recorded more than $87 billion in tariff revenue through…
The Union Cabinet has approved a total outlay of Rs 6,520 crore — including an additional Rs 1,920 crore — for the Central Sector Scheme Pradhan Mantri Kisan Sampada Yojana (PMKSY) during the ongoing 15th Finance Commission cycle (2021–22 to 2025–26), the government said in an official release said.The allocation includes Rs 1,000 crore to…
