US President Donald Trump said that he is likely to impose tariffs on imported pharmaceuticals by the end of the month, with levies on semiconductors possibly following soon after. The announcement signals an escalation in his broader “reciprocal tariff” strategy, set to formally take effect from 1 August.Speaking to reporters on Tuesday (local time) after…
(Image credit: TheoBroma website) ChrysCapital, a domestic private equity firm, has reached an agreement to purchase Theobroma Foods, a nationwide bakery chain, for Rs 2,410 crore, according to informed sources, quoted by Economic Times. The transaction involves ChrysCapital acquiring approximately 90% ownership from the current promoters and ICICI Venture, whilst the promoters will maintain a…
India’s merchandise exports to the United States surged 23.53% to $8.3 billion in June, even as imports from the world’s largest economy fell 10.61% to about $4 billion, according to commerce ministry data released on Monday.In the first quarter of FY26 (April–June), exports to the US climbed 22.18% to $25.51 billion, while imports rose 11.68%…
SBI Research has said that India will be able to diversify its export horizons to counter any negative impact of a less than favourable deal with the US. India-US trade deal: As ‘fast-paced’ talks between India and the US on an interim trade deal continue, the tariff rate that the Donald Trump administration will finally…
India’s economy is expected to grow at 6.5% in FY26 despite global geopolitical tensions and trade policy uncertainty, according to S Mahendra Dev, Chairman of the Economic Advisory Council to the Prime Minister (EAC-PM).In an interview with PTI, Dev said the outlook is supported by a combination of domestic tailwinds such as low inflation, a…
India’s largest public sector lender, State Bank of India (SBI), has lowered the interest rates on certain short-term fixed deposit (FD) tenures by 15 basis points (bps). The revised rates come into effect from July 15, 2025, and apply to tenures ranging from 46 days to less than 1 year. Revised FD rates for general…
File photo: US President Donald Trump (Picture credit: AP) US President Donald Trump on Tuesday declared a sweeping new trade deal with Indonesia, dramatically slashing tariffs on its exports to 19 per cent, down from the previously threatened 32 per cent, while unlocking full market access for American goods in the Southeast Asian nation.Announcing the…
Trump administration is reportedly mulling a trade deal in which India will likely face tariffs of less than 20%. India-US trade deal: US President Donald Trump on Tuesday said that America is working on a deal with India which gives greater access to Indian markets. Trump’s comments came on the back of a trade deal…
Union minister Hardeep Singh Puri (Pic credit- ANI) Petroleum and Natural Gas minister Hardeep Singh Puri on Monday said that global crude oil prices have remained relatively stable despite persistent geopolitical tensions, suggesting that the world has sufficient energy resources to meet demand.“There are many things that have an impact on crude prices. People say…
The rupee appreciated by 16 paise to settle at 85.76 against the US dollar on Tuesday, helped by a weaker greenback and softer crude oil prices globally. However, persistent foreign fund outflows and uncertainty surrounding the ongoing India-US trade negotiations limited the currency’s upward movement, according to forex dealers.At the interbank foreign exchange market, the…