Image for representational purposes only. | Photo Credit: Getty Images The removal of the additional 25% tariff on India is not a prerequisite for trade negotiations to resume between India and the U.S., but a trade deal would not “be practical” if these tariffs were to remain, according to government sources. They added that while…
The story so far: The 50% tariffs imposed by the U.S. on imports from India came into effect on August 27, sending ripples through the Indian economy and the government. Several sectors, many of them labour-intensive, have the U.S. as a major export destination, and many are already seeing a significant dip in demand. The…
The manufacturing sector grew at a six-month high of 5.4% in July 2025, compared to 4.7% in July 2024. | Photo Credit: K.K. Mustafah Industrial growth jumped to a four-month high of 3.5% in July 2025, driven by a broad-based recovery in the manufacturing, electricity, capital, and consumer goods sectors. However, the Index of Industrial…
Gold prices rose ₹300 to ₹1,01,570 per 10 grams in the national capital on Thursday as investors turned to the safe-haven asset amid rising concerns over the independence of the US Federal Reserve following President Donald Trump’s threats to fire Fed Governor Lisa Cook. Besides, traders said that a weaker US dollar, expectations of a…
A man walks near a screen outside the Bombay Stock Exchange (BSE) in Mumbai, on August 28, 2025 | Photo Credit: Reuters Stock market benchmark indices tumbled on Thursday (August 28, 2025), with the Sensex cracking 706 points, as the additional 25% tariff imposed by U.S. President Donald Trump on India for its purchases of…
The dollar index, which gauges the greenback’s strength against a basket of six currencies, fell 0.16% to 98.07. Representational file image. | Photo Credit: AP The rupee rose by 6 paise to close at 87.63 (provisional) against the U.S. dollar on Thursday (August 28, 2025), aided by a weaker greenback and a decline in crude…
Image for representation only | Photo Credit: Reuters Bank of Baroda on Thursday (August 28, 2025) has announced a reduction in its car loan interest rates. Its floating car loan interest rates now start from 8.15% p.a. (earlier 8.40% p.a.), with immediate effect. “The rate cut is over and above the rate reduction by the…
As the 50 per cent US tariffs on the Indian imports came into effect on Wednesday, the stakeholders of the diamond industry in Surat believe that the market will be affected due to US’ decision only for a short period of time as India controls 90% of diamond production. Jagdish Khunt, who is the President…
Bombay Stock Exchange (BSE) in Mumbai. | Photo Credit: REUTERS Textile, leather, gems and jewellery stocks declined on Thursday morning trade as the steep 50% tariff on Indian goods entering the United States came into effect. Shares of Alok Industries tanked 4.13%, Raymond Lifestyle fell by 3.66%, Siyaram Silk Mills dropped 2.92%, Welspun Living declined…
The All Kerala Gold & Silver Merchants Association has requested the Union Finance Ministry to enable EMI facility for gold jewellery purchase. This would empower middle-income households to plan their purchases and boost overall retail growth. they stated. Gold has become increasingly inaccessible due to price surge as the rates have increased by over ₹35,000…
