‘Why no extra tariffs?’ US Secretary Marco Rubio defends US sparing China, Europe over buying Russian oil; warns sanctions risk global price surge

[ad_1] US Secretary Marco Rubio (File photo) US State Secretary Marco Rubio cautioned on Monday about potential energy price increases if the United States enforces secondary sanctions on China for processing Russian oil.The US secretary was asked, “is Europe still buying Russian oil?”“Well, if you look at the oil that’s going to China and being…

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IPL FY2025 earnings: Revenues dip across teams; RCB sees steepest slide while LSG slips into losses

[ad_1] Mumbai Indians, Royal Challengers Bengaluru (RCB), and Lucknow SuperGiants (LSG) reported revenue declines in FY25, according to the Economic Times.Reliance Industries-owned Indiawin Sports, which operates Mumbai Indians, posted a profit of Rs 84 crore, down from Rs 109 crore in FY24. Revenue slipped to Rs 697 crore from Rs 737 crore.Diageo-owned RCB reported revenue…

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Sebi report shows surge in settlement pleas, 703 cases filed in FY25, Rs 799 crore collected in charges

[ad_1] Markets regulator Sebi has reported a sharp rise in settlement pleas, receiving 703 applications in 2024-25 to resolve alleged violations of securities laws without prolonged litigation. This marked a steep increase from 434 applications filed in 2023-24.According to Sebi’s 2024-25 annual report, 284 of these pleas were settled through appropriate orders, while 272 applications…

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India’s logistics cost will drop to single digits by 2026, says Nitin Gadkari; to boost competitiveness – here’s how much it is in China, America

[ad_1] Union road transport and highways minister Nitin Gadkari on Sunday said that India’s logistics cost will come down to single digits by the end of 2026, making the country more competitive in global trade.“I want to assure the Prime Minister and all of you that before the end of 2026, the logistics cost of…

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Paint sector slowdown: Early monsoon and price wars hit June quarter earnings, companies eye festive revival

[ad_1] The June quarter turned out to be a muted one for India’s leading paint makers, as the early arrival of the monsoon and aggressive pricing by new entrants ate into their growth. Asian Paints, Berger Paints, Kansai Nerolac Paints and Akzo Nobel India all reported subdued numbers, though sequential improvement was visible in urban…

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Steel safeguard duty: DGTR backs 3-year levy on flat steel imports, industry groups divided

[ad_1] The commerce ministry’s investigation arm has recommended a three-year safeguard duty on imports of certain flat steel products, citing a sudden surge in shipments that threatened serious injury to domestic producers, PTI reported.In its final findings, the Directorate General of Trade Remedies (DGTR) said it observed “a recent, sudden, sharp and significant increase in…

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US tariffs impact on jobs: Nearly 3 lakh workers at risk in textiles and gems? Here’s what experts say

[ad_1] The steep tariffs imposed on Indian exports to the US have triggered sharp debate among staffing specialists, with some flagging the risk of immediate job losses and others suggesting that India’s domestic demand and trade diversification could soften the blow.“The recent imposition of additional US tariffs is expected to have a direct and substantial…

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FPI selloff: Rs 21,000 crore offloaded from Indian markets in August first half; Analysts cite US tariffs, Q1 earnings and rupee depreciation

[ad_1] Foreign portfolio investors offloaded Indian equity holdings by approximately Rs 21,000 crore in early August 2025, driven by US-India trade disputes, muted Q1 corporate results, and rupee depreciation.The total FPI equity outflows reached Rs 1.16 lakh crore in 2025, as per depository records. Meanwhile, depository data also show that FPIs withdrew Rs 20,975 crore…

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