Trump’s Pak oil deal a move to counter China, pressure India?

[ad_1] NEW DELHI : President Donald Trump’s announcement of a deal to develop Pakistan’s “massive oil reserves” sounds more like a strategic manoeuvre on the South Asian chessboard to counter Islamabad’s growing dependence on Beijing and pressure India over the trade deal, rather than a realistic assessment of the country’s immediate hydrocarbons potential.Various estimates peg…

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Currency watch: Rupee rebounds 15 paise to 87.65 against US dollar after all-time low; RBI action, crude dip offer support

[ad_1] The rupee recovered 15 paise on Thursday to settle at 87.65 against the US dollar, bouncing back slightly from its all-time closing low, helped by softer crude oil prices and suspected intervention by the Reserve Bank of India.After plunging 89 paise on Wednesday—its steepest single-day fall in over three years—market participants said the rupee…

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Donald Trump deadline: US President grants Mexico 90-day window; tariffs remain in force

[ad_1] File photo: US President Donald Trump and Mexican President Claudia Sheinbaum (Picture credit: AP) US President Donald Trump on Thursday announced a 90-day extension for trade negotiations with Mexico, allowing both countries more time to reach a long-term agreement. While tariffs on key Mexican exports remain in place during this period, leaders on both…

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Centre’s fiscal deficit hits 17.9% of full-year target in Q1; higher spending lifts gap to Rs 2.8 lakh crore: CGA data

[ad_1] The central government’s fiscal deficit touched 17.9% of the full-year target at the end of June 2025, more than double the 8.4% recorded in the same period last year, data from the Controller General of Accounts (CGA) showed on Thursday.In absolute terms, the fiscal deficit — the gap between revenue and expenditure — stood…

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Microsoft rockets on Wall Street: Shares jump up to 8% as market cap crosses $4 trillion; AI-powered earnings lift Nasdaq, S&P to new highs

[ad_1] Microsoft shares soared as much as 8% in early trade on Thursday, briefly touching a fresh 52-week high, after the company reported strong quarterly results and highlighted deepening investments in artificial intelligence.Microsoft shares climbed up to 8% in early trade after the company reported $27.2 billion in quarterly profits and emphasized its aggressive investments…

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Donald Trump tariffs to dent India’s GDP growth? Up to 30 basis points dip possible, say experts; expected trade deal could soften blow

[ad_1] AI-generated image The imposition of a 25 per cent US tariff on Indian goods from August 1, along with an unspecified penalty over India’s continued trade with Russia, could weigh on India’s GDP growth and export prospects, experts have warned. Sectors such as pharmaceuticals, gems and jewellery, textiles, and automobiles are likely to be…

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Pradhan Mantri Kisan Sampada Yojana boost: Centre clears Rs 6,520 crore for PMKSY expansion, 50 irradiation units and 100 food labs in pipeline

[ad_1] The Union Cabinet has approved a total outlay of Rs 6,520 crore — including an additional Rs 1,920 crore — for the Central Sector Scheme Pradhan Mantri Kisan Sampada Yojana (PMKSY) during the ongoing 15th Finance Commission cycle (2021–22 to 2025–26), the government said in an official release said.The allocation includes Rs 1,000 crore…

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‘India set to be third largest economy’, says Piyush Goyal after Donald Trump’s ‘dead economy’ jibe; reiterates national interest important

[ad_1] Piyush Goyal said that India will protect its national interest while pursuing any trade deal. Commerce minister Piyush Goyal on Thursday said that India will protect its national interest while pursuing any trade deal with world economies. Goyal’s comments in the Parliament come after US announced a 25% tariff on India. In what appeared…

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Cooperative capital boost: Cabinet okays Rs 2,000cr aid to NCDC; cooperatives to gain Rs 20,000cr from market raise

[ad_1] The Union Cabinet approved a Central Sector Scheme for providing Rs 2,000 crore in grant-in-aid to the National Cooperative Development Corporation (NCDC) over four years, with the aim of boosting cooperative activity across key rural sectors.According to the government release, the outlay — Rs 500 crore annually from FY26 to FY29 — will enable…

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