Business

New Delhi: US President Donald Trump Wednesday announced the imposition of a 25 per cent additional import duty plus penalty on goods imported from India. The duty will come into effect from August 1. The unspecified penalty was imposed on India for purchasing crude oil...

New York: The Trump administration has sanctioned six Indian companies for their "significant" sales and purchases of Iranian-origin petrochemical products. "The Iranian regime continues to fuel conflict in the Middle East to fund its destabilising activities. Today, the United States is taking action to stem...

New Delhi: The Banking Laws (Amendment) Act, 2025, aimed at improving governance standards in the banking sector and ensuring enhanced protection for depositors and investors, will come into effect from August 1, the Finance Ministry said Wednesday. The Act, notified April 15 this year, also...

New Delhi: The imposition of 25 per cent tariff on US imports plus a penalty from August 1 will dent India's GDP, experts said, expressing hope that it should be mitigated by 'mutually beneficial' trade deal being negotiated with the United States. Higher tariff, if...

New Delhi: India's seafood exports, especially shrimps, will be "severely" impacted due to the imposition of higher US tariff of 25 per cent plus penalty to be effective from August 1, agri-economist Ashok Gulati said Wednesday. US President Donald Trump's decision to impose higher tariff...

New Delhi: The country's largest airline IndiGo Wednesday saw its profit after tax decline 20 per cent to Rs 2,176.3 crore in the three months ended June. The carrier had a profit after tax of Rs 2,728.8 crore in the year-ago period. "Despite a challenging...

Mumbai: Benchmark stock indices Sensex and Nifty ended higher Wednesday, driven by heavy buying in infrastructure major Larsen & Toubro. Rising for the second day, the 30-share BSE Sensex climbed 143.91 points or 0.18 per cent to settle at 81,481.86. During the day, the barometer...

Bangkok: China's top leaders have pledged to help companies slammed by higher US tariffs but held back on major moves after trade talks with the US this week kept businesses and planners in limbo. At their summer economic planning meeting, the powerful Politburo of the...

New Delhi: Prime Minister Narendra Modi will release the 20th installment of the Pradhan Mantri Kisan Samman Nidhi (PM-Kisan) scheme worth Rs 20,500 crore, from Varanasi, Uttar Pradesh, August 2, benefiting 9.7 crore farmers across the country. The announcement comes as the government's flagship direct...

New York/Washington: India is projected to grow at 6.4 per cent in fiscal year 2025 and 2026, and the country's stable growth is driven by a reform momentum supporting robust consumption growth and a push for public investment, the International Monetary Fund has said. The...