NEW DELHI: Google has proposed opening up the Play Store in India to a wider set of real-money gaming (RMG) apps in response to an ongoing probe by the Competition Commission of India (CCI). This information was provided in a notice inviting public comments issued by fair play regulator.The broader Play Store access is part…
US President Donald Trump on Friday signed an executive order imposing higher tariffs on a dozen key trading partners across the globe. The tariff rates range from 41% on Syria to an increased 35% on Canada.The new tariff regime, which takes effect on August 7, aims to rebalance long-standing trade deficits that the administration claims…
NEW DELHI: Maruti Suzuki on Thursday posted a marginal increase in consolidated net profit to Rs 3,792 crore for June quarter, with robust overseas shipments compensating for the drop in domestic sales. The country’s largest carmaker reported a net profit of Rs 3,760 crore in the April-June period of the previous fiscal year. Source link
NEW DELHI: Despite pressure from the US, govt has dismissed reports that it has asked refiners to stop purchasing Russian crude, which has emerged as the top source of petroleum for Indian refineries.Since the war erupted in Ukraine, Russia has become the favourite source of oil, especially for private refiners, thanks to the hefty discount…
Adani Enterprises Ltd, the flagship company of billionaire Gautam Adani’s group, reported a 49% decline in the June quarter profit as weak coal demand offset growth in the airport and mining units. The company posted a net profit of Rs 734 crore in Q1 FY26, compared to Rs 1,458 crore earnings in Q1 FY25. Source…
Jaguar Land Rover CEO Adrian Mardell is leaving the Tata Motors-owned carmaker, as it grapples with higher US tariffs and a controversial makeover of the Jaguar brand. “Mardell has expressed his desire to retire from JLR after three years as CEO and 35 years with the company,” a spokesperson said A video last year teasing…
MUMBAI: Tata Motors plans to raise 1 billion euros in equity and monetise its stake in the IPO-bound Tata Capital to finance the 3.8-billion-euros (Rs 38,060 crore) Iveco acquisition. It will initially use a bridge loan from Morgan Stanley and Japan’s MUFG to finance the deal. Once the transaction is completed, Tata Motors will refinance…
The average rate on a 30-year fixed US mortgage slipped to 6.72% this week, down slightly from 6.74% a week earlier and matching levels last seen three weeks ago, mortgage buyer Freddie Mac said on Thursday. The minor decline offers limited relief for buyers grappling with high home prices and borrowing costs.A year ago, the…
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 Pakistan’s…
Piyush Goyal’s over six minute statement was also an answer to Trump’s jibes about India’s economy. US President Donald Trump has in the last 24 hours announced 25% tariffs on India, warned of additional penalties, expressed displeasure over BRICS of which India is a member, and called India a ‘dead economy’. The turn of events…