US President Donald Trump on Tuesday warned of a whopping 250% tariffs on the pharma industry one year, one-and-a-half years. “We’ll be putting (an) initially small tariff on pharmaceuticals, but in one year, one-and-a-half years, maximum, it’s going to go to 150 percent and then it’s going to go to 250 percent because we want…
Bharti Airtel reported a 43% year-on-year rise in consolidated net profit to Rs 5,947.9 crore for the April–June 2025 quarter, up from Rs 4,160 crore a year earlier, driven by robust growth in India revenue and higher average revenue per user (ARPU).The telecom major’s consolidated revenue from operations rose 28.4% to Rs 49,463 crore during…
US President Donald Trump and European Commission President Ursula von der Leyen (Photo: AP) In a major step towards easing trade tensions, the European Union announced on Tuesday that it will suspend its planned retaliatory tariffs on US goods worth 93 billion euros ($107 billion).The move follows a deal struck last month between US President…
Jane Street under scrutiny Tax authorities are conducting an investigation into Jane Street’s potential tax treaty violations, specifically examining if the firm routed profits through Singapore entities for its Indian market derivative trades, according to three informed sources, quoted by Reuters (anonymously).Income tax officials have been conducting searches at the American trading firm’s Indian offices…
After imposing a 25% tariff on India last week, Trump targeted Russia and India, calling them ‘dead economies’. (AI image) US President Donald Trump’s 25% tariff, threats of higher duties, additional penalties, and jibes calling India a ‘dead economy’ don’t appear to have gone down well with India. The Narendra Modi government is calling out…
India’s services grows (Representative image) India’s services sector expanded at its fastest pace in 11 months in July, supported by a sharp rise in export orders and solid sales growth, according to the HSBC India Services PMI released Tuesday. The Services Purchasing Managers’ Index (PMI) rose marginally to 60.5 in July from 60.4 in June,…
Experts expect the central bank to maintain a status quo on repo rate. RBI Monetary Policy Committee (MPC) meet date, time: The MPC, under the leadership of Reserve Bank of India (RBI) governor Sanjay Malhotra, met this week for the bi-monthly monetary policy review. The committee will assess several economic parameters, including the repo rate,…
Gold price prediction: Gold is still stuck in its nearly 11-week-old range of $3250-$3450. (AI image) Gold price prediction today: Gold rates are likely to trade with a positive bias though they have been stuck in a range for some time now.Praveen Singh, Senior Fundamental Research Analyst- Currencies and Commodities at Mirae Asset Sharekhan shares…
SEBI has also proposed trimming the retail quota from 35% to 25% in a staggered manner, while boosting the qualified institutional buyer quota from 50% to 60% to ensure demand stability. (AI image) Mumbai: The Securities and Exchange Board of India (Sebi) has proposed increasing the reservation for anchor investors in initial public offerings (IPOs)…
New Delhi: American President Donald Trump’s latest announcement of a possible “substantial increase” in tariffs on Indian goods, added to the uncertainty for exporters, amid indications that govt was looking at select segments of affected industries instead of a broad-based support.To go ahead with the orders for the upcoming busy season around Christmas, tariff uncertainty…