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,…
IIFL Home Finance has secured $100 million (approximately Rs 858 crore) in financing from the Asian Infrastructure Investment Bank (AIIB) to expand access to affordable housing loans and promote green building standards, the company said in a release on Saturday.The funds will be used to support home loans for families from economically weaker sections (EWS)…
US President Donald Trump announced on Saturday that starting August 1, 2025, goods imported from both Mexico and the European Union will be subject to a 30% tariff. The letters, posted on his social media platform, cite drug trafficking concerns in Mexico and long-standing trade imbalances with the EU as reasons for the sweeping measures.Days…
Aditya Birla Group Chairman Kumar Mangalam Birla (ANI) Aditya Birla Group Chairman Kumar Mangalam Birla has joined the Board of Directors of the US-India Strategic Partnership Forum (USISPF) as a member of its Executive Committee, the forum said in a statement on Saturday.The appointment comes weeks after Birla was conferred the Global Leadership Award at…
A trade deal between India and the US has still not been finalized. (AI image) India-US trade deal: In February this year, US President Donald Trump and Indian Prime Minister Narendra Modi announced the intent for a trade deal by fall this year. Come April 2025, and Trump announced reciprocal tariffs on a lot of…
The impact of artificial intelligence (AI) on jobs is “inevitable”, according to Paytm founder Vijay Shekhar Sharma, who said AI will become part of routine business processes sooner rather than later. “Sooner or later we will have to start using AI as an employee or even as a CFO,” Sharma said at an AI-focused event…
VinFast Auto India, the domestic arm of Vietnam-based electric vehicle manufacturer VinFast, on Saturday announced that it has signed agreements with 13 dealer groups to open 32 dealerships across 27 cities. The company aims to expand this footprint to 35 dealerships by the end of 2025, according to a statement.The move is part of VinFast’s…
European Commission President Ursula von der Leyen and Mexican officials have both hit back at US President Donald Trump’s latest threat to impose 30% tariffs on their exports starting August 1. While the European Union has reiterated its commitment to negotiations, Mexico has rejected the move outright, calling it “unfair” and unacceptable. Trump made the…
More than 20,000 bars and permit rooms across Maharashtra will observe a one-day bandh on July 14 to protest what the hospitality sector has called “draconian” tax hikes by the state government, the Indian Hotel and Restaurant Association (AHAR) said on Saturday.The association said the shutdown is aimed at opposing multiple tax increases imposed over…