[ad_1] US president Donald Trump (AP) US president Donald Trump’s sweeping tariff hikes on imports could shrink the US deficit by $4 trillion over the next decade, the Congressional budget office (CBO) said on Friday.According to CBO, Congress’ nonpartisan analyst, higher tariff revenue would reduce primary deficits by $3.3 trillion and trim federal interest payments…
[ad_1] NEW DELHI: India’s foreign exchange reserves rose by $1.48 billion to $ 695.10 billion in the week ended August 15, driven primarily by gains in foreign currency assets (FCA), according to the Reserve Bank of India’s (RBI) latest ‘Weekly Statistical Supplement.’Foreign currency assets, the largest component of India’s forex reserves, increased by $1.92 billion…
[ad_1] Donald Trump secures 10% US ownership in Intel (Picture credit: AP) The United States government has acquired a 10 per cent holding in Intel, marking one of the most striking federal interventions in a private company since the 2008 auto bailouts. US President Donald Trump announced the agreement on Friday, describing the deal as…
[ad_1] NEW DELHI: The news of a reduction in goods and services tax (GST), while cheering consumers and companies, has also led to a peculiar problem for retailers – both offline (on ground) and online.Companies say that festive demand, that usually begins from Ganesh festival in Maharashtra and Onam in the south, is turning out…
[ad_1] NEW DELHI: Over the last five years, India’s private hospital sector has shifted increasingly into the hands of global private equity giants, reshaping the over $80 billion healthcare market through consolidation and scale.Once dominated by public institutions and family-run setups, the sector has witnessed a surge of private equity interest – a sharp departure…
[ad_1] Representational AI image US president Donald Trump on Friday announced that his administration has started a major investigation into imported furniture, a move that could soon lead to new tariffs. Posting on Truth Social, Trump said the investigation would be completed within 50 days. “Furniture coming from other countries into the United States will…
[ad_1] Mumbai: Markets regulator Sebi is planning to incentivise fund distributors who bring in first-time women investors into the mutual fund (MF) fold, Tuhin Kanta Pandey, Sebi chief, said on Friday. “Another priority is to encourage greater participation of women in mutual fund investing. Financial inclusion will remain incomplete unless women are equally represented, and…
[ad_1] Mumbai: Markets regulator Sebi on Friday proposed to hike the minimum amount for a large chunk of shares to qualify as a block deal, from Rs 10 crore now to Rs 25 crore. Block deals are executed through special 15-minute trading windows on stock exchanges twice a day and at prices that are fixed…
[ad_1] Mumbai/Kolkata: British-Indian industrialist Swraj Paul passed away on Thursday evening in a London hospital at the age of 94. The founder of Caparo Group had been unwell, leading to his recent hospitalisation. Consistently featured in the ‘Sunday Times Rich List’, Swraj was ranked 81st this year, with an estimated fortune of £2 billion. His…
[ad_1] Bajaj Auto experienced temporary delivery restrictions due to international component availability issues in recent weeks. (AI image) Bajaj Auto announced on Friday the restoration of its Chetak electric scooter deliveries to all dealerships, following the resolution of supply limitations caused by worldwide rare earth magnet shortages.China’s restrictions on rare earth magnets have been affecting…