U.S. Treasury Secretary Scott Bessent. File | Photo Credit: Reuters Describing the India-U.S. relationship as “very complicated”, U.S. Treasury Secretary Scott Bessent on Wednesday (August 27, 2025) hoped that “at the end of the day, we will come together.” “This is a very complicated relationship. President (Donald) Trump or Prime Minister (Narendra) Modi have very…
Analysts said bullion’s rally reflects global uncertainty after US President Donald Trump’s unprecedented dismissal of Federal Reserve Governor Lisa Cook, which raised concerns over the Fed’s independence. | Photo Credit: iStockphoto Silver prices surged by Rs 2,000 to hit a fresh peak of Rs 1,20,000 per kilogram in the national capital on Wednesday, as traders…
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…
The additional 25% tariff imposed by U.S. President Donald Trump on India for its purchases of Russian oil came into effect Wednesday (August 27, 2025), bringing the total amount of levies imposed on New Delhi to 50 per cent. The Department of Homeland Security (DHS), in a draft order published on Monday (August 25, 2025),…
A worker feeds raw cotton into an opener machine at a processing facility in Amritsar on August 25. | Photo Credit: AFP The story so far: Cotton, which is the main raw material for the textile industry, is grown by nearly six million farmers in India. In the wake of declining production, the Central government…
Apex exporters body FIEO on Tuesday (August 26, 2025) expressed serious concerns over high U.S. tariffs on Indian goods and said that textiles and apparel manufacturers in Tirupur, Noida, and Surat have halted production amid worsening cost competitiveness due to these steep duties. The U.S. duties on Indian goods will increase to 50% from August…
Representational file image. | Photo Credit: Reuters India’s hospitality industry witnessed a 12.9% year-on-year growth in Revenue per Available Room (RevPAR) during the April-June quarter of this calendar year, a report said on Tuesday. The hospitality sector delivered an exceptional 12.9% RevPAR growth on a year-on-year (YoY) basis with 10% sequential acceleration, demonstrating sustained recovery…
The Government said as part of “continuous efforts to moderate prices of wheat before the upcoming festive season”, the wheat stock limit is revised until March 31, 2026. | Photo Credit: YAMAM AL SHAAR The Union Food Ministry has further reduced the wheat stock limits for traders, stockists and processors on Tuesday and said the…
Gold prices rose across Indian cities on August 26 | Photo Credit: AMIT DAVE Gold prices in India saw an increase today across all cities. The price for 8 grams of 24-carat gold also rose in all cities compared to yesterday. Below is a detailed breakdown of gold prices in key cities. Gold rates in…
In a bid to ease the burden, the Central government has revised the duty drawback rates on gold, silver and platinum jewellery | Photo Credit: AMIT DAVE The gem and jewellery industry plans to tap alternative markets in West Asia, the UK and Europe more aggressively with the US giving effect to the unsustainable 50…
