This is an AI generated image, used only for representative purpose. India must take steps to ramp up its domestic chip design capabilities as competition from China intensifies, experts have warned. The warning follows the US decision to lift restrictions on exports of Electronic Design Automation (EDA) software to Chinese firms. Trump Secures China Trade…
European Union president Ursula von der Leyen and Indonesian President Prabowo Subianto on Sunday announced a “political agreement” to finalise a long-anticipated free trade deal, as US President Donald Trump disrupts global trade with sweeping tariff threats.“We’re living in turbulent times and when economic uncertainty meets geopolitical volatility, partners like us must come closer together….
European Commission President Ursula von der Leyen said on Sunday that the EU will continue holding off on retaliating against US steel and aluminium tariffs, as negotiations remain underway to avoid wider 30% duties.“The United States has sent us a letter with measures that would come into effect unless there is a negotiated solution, so…
India’s merchandise trade gap is estimated to have narrowed slightly to $20.7 billion in June 2025, down from $21.9 billion in May, according to a report by Union Bank of India (UBI). The modest improvement was largely driven by lower crude oil prices, subdued gold imports, and a change in sourcing strategies that helped buffer…
NEW DELHI: Costa Coffee, the British coffee chain, reported a significant increase in its India operations, with revenue climbing 30.76% to Rs 198.5 crore in FY25, while profit increased by 28.4% to Rs 149.7 crore.The company expanded its presence from 179 to 220 outlets in FY25, contributing to this growth, as detailed in Devynai International…
NEW DELHI: India’s crude oil imports from Russia surged to an 11-month high in June, as domestic refiners ramped up purchases to bolster inventories amid heightened geopolitical tensions between Israel and Iran, analysts said.Russian crude imports to India stood at 2.08 million barrels per day (bpd) in June, reaching the highest level since July 2024,…
This is a representative AI image NEW DELHI: Mercedes-Benz India is set to increase vehicle prices by 1–1.5% in September to offset the impact of the weakening rupee against the euro, Managing Director and CEO Santosh Iyer said.“There is another price hike coming up in September, because of the euro. If you see, the last…
This is a representative AI image NEW DELHI: NLC India, a state-owned enterprise, is in advanced negotiations with a Russian government-backed entity to secure lithium supplies from its mine in Africa, marking a key step in securing critical minerals for India’s energy transition.This initiative is crucial as India implements strategies to secure consistent lithium supplies…
US President Donald Trump has sent letters to 23 trading partners this week, including Canada, Japan, Brazil, and others — threatening blanket import tariffs ranging from 20% to 50%. The move, part of a renewed aggressive trade stance, also includes a 50% duty on copper imports.The letters outline that the proposed 30% general tariff would…
NEW DELHI: Walmart-owned Flipkart has announced a $50 million employee stock buyback plan that will benefit approximately 7,000–7,500 employees. The move comes as the ecommerce major prepares for a potential IPO filing next year.The buyback will allow employees to liquidate up to 5% of the stock options vested between July 6, 2022, and July 5,…
