Indian equities remain under pressure as investors navigate a difficult combination of elevated crude oil prices, rising global bond yields and renewed uncertainty surrounding the US-Iran conflict. The Sensex and Nifty have already endured a prolonged losing streak, with the Nifty falling for six consecutive sessions through Tuesday. The index lost 132.75 points, or 0.55…
US and Canada were reached a deal after having last-minute talks (Canada PM Carney and US President Trump file pics) The United States and Canada reached a last-minute deal on Tuesday to delay President Donald Trump’s planned 50 per cent tariffs on $20 billion worth of Canadian imports, giving the two countries more time to…
The Income Tax Department on Tuesday launched a nationwide verification exercise. (Photo: IANS) NEW DELHI: The income tax department on Tuesday said it conducted a nationwide field verification exercise, including in some border districts, against a group of entities and fictitious charitable trusts, alleged to have sent “large” amounts of funds outside the country over…
Klaus Zellmer, the Chief Executive Officer (CEO) and Chairman of the Board of Directors of Škoda Auto. (Photo: Reuters) MUMBAI: Skoda Auto is gearing up to debut its electric vehicle (EV) in India in 2028, CEO Klaus Zellmer said in an interview here on Tuesday.The company is looking to step up growth in the market…
RBI deputy governor Shirish Chandra Murmu said there are three times as many rupee banknotes in circulation as US dollar bills and nearly six times as many as euro notes. (Photo: ANI) MUMBAI: The US banknote, the most ubiquitous currency in the world used in everything from drug deals to legally accepted tender in multiple…
A large portion of Indian exports of these products already attract antidumping and countervailing duties in the US. India has approached the World Trade Organisation (WTO) over the Donald Trump administration’s move of announcing safeguard tariffs of 25% to 55% from August 15 for quartz surface products.India approached the WTO on August 14 seeking consultations…
US and Canada hold last-minute talks to stop Trump’s 50% tariffs The United States and Canada are in a race against the clock to reach a tariff agreement before a 12:01 am Wednesday deadline imposed by US President Donald Trump.Failure to strike a deal could see Trump impose 50% tariffs on $20 billion worth of…
Technology shares have swung sharply this summer as investors question whether valuations have risen too far. US stock market today: Wall Street benchmarks moved further away from their record high on Tuesday as technology shares related to the artificial-intelligence boom came under renewed selling pressure.The S&P 500 declined 0.5%, putting it on course for a…
Global oil stocks are under pressure, and the scale of disruption is particularly difficult to determine. The US-Iran war may have led the world to see one of the biggest oil supply disruptions in history but crude prices have largely seen a limited spike. But, for how long? The Middle East conflict is showing no…
AI is becoming a part of finance but governance has to catch up What if your next financial advisor is an AI?You could ask how much tax you owe, whether a particular investment is too risky, whether you can afford a home loan, or which financial product suits your needs.For companies, the questions get bigger:…
