Business

Following Washington’s imposition of a 50 per cent tariff on Indian goods set to take effect Wednesday (9.30am IST), Fijian Prime Minister Sitiveni Ligamamada Rabuka expressed confidence in Prime Minister Narendra Modi’s ability to handle such challenges.In his statement, Rabuka said, “…The recent announcements of the tariffs (by the United States)…I told him (PM Modi)…

Trump tariffs to take effect It’s here — Trump’s 50% tariffs on India. So, where do India’s exporters go from here? For some of India’s biggest exporters, the answer is any which way that helps them survive the biggest business shock of their entrepreneurial career.TOI spoke to companies across sectors for this story. Some companies…

A US embassy official on Tuesday said that Washington is committed to partnering with New Delhi on the export of high-quality products and services to support India’s energy security and economic growth, stating that America could serve as a major supplier of oil and liquefied natural gas to nation.Speaking at the 3rd Energy Summit of…

India’s exporters have voiced deep concern after US announced steep new duties on Indian-origin goods, with production already grinding to a halt in major textile hubs.Several apparel manufacturers in Tirupur, Noida, and Surat have already stopped production as hefty tariffs loom. Starting 27 August, duties on multiple categories of Indian exports to the US will…

Wall Street began Tuesday on a cautious note, with stocks hovering near breakeven as major indexes traded just below their recent record highs. Nasdaq jumped 36 points or 0.17%, reaching 21,485 at 8.20 PM IST. The S&P 500 followed the pattern adding 0.71 points or 0.01%, reaching 6,440. However, Dow dipped 52 points or 0.12%…

HYDERABAD: Integrated design, engineering and manufacturing player, Ardee Engineering Limited, has received approval from the capital markets regulator, Securities & Exchange Board of India (Sebi), for its Rs 580 crore initial public offering (IPO).The IPO of the Hyderabad-based company, which is into pre-engineered buildings (PEB), material handling systems (MHS) and engineering services, comprises a fresh…

Mumbai: The higher US tariffs against select Indian imports to the world’s largest economy that is set to kick off today, and no end in sight to the India-US impasse, spooked Dalal Street as investors pressed the sell button on Tuesday. In addition, Wednesday being a trading holiday also weighed on investor sentiment since any…

The global flow of parcels to the United States has been thrown into chaos after 25 countries decided to halt shipments, as fears over US President’s looming tariffs grow.The Universal Postal Union (UPU), a United Nations agency, confirmed on Tuesday that several nations had suspended deliveries due to uncertainty created by President Donald Trump’s new…

US President Donald Trump’s attempt to dismissal Federal Reserve governor Lisa Cook is expected to land in court, raising questions over the extent of presidential powers against the traditionally independent central bank.Legal experts say Trump’s claim that he can fire Cook, a Biden appointee, is legally weak but unprecedented. The Supreme Court has recently allowed…

Gold became more expensive in the national capital on Tuesday, as the prices surged by Rs 600 to Rs 1,00,770 per 10 grams, supported by a weaker rupee and firm global trends, according to the All India Sarafa Association. The metal of 99.9% purity had settled at Rs 1,00,170 per 10 grams on Monday.Gold of…