Month: August 2025

U.S. trade deficit with 9 countries higher than with India, yet 7 face lower tariffs

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U.S. trade deficit with 9 countries higher than with India, yet 7 face lower tariffs

The U.S. has levied the third-highest tariff on India among the top 10 countries with which it has the highest trade deficits, an analysis has revealed. In other words, while the U.S. has a higher trade deficit with nine other countries than with India, it has levied higher tariffs on just two — China and…

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India was fortunate to have a steady growth in this transformative period, says Ashwini Vaishnaw

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India was fortunate to have a steady growth in this transformative period, says Ashwini Vaishnaw

Union Minister Ashwini Vaishnaw | Photo Credit: ANI Geopolitics, geoeconomics and geotechnology are all changing the world order and hugely impacting businesses and economies globally, said Ashwini Vaishnaw, Union Minister for Railway, Information and Broadcasting and Minister of Electronics and Information Technology, in Bengaluru on Tuesday (August 5, 2025). During this transformative period, India was fortunate…

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After 14 years, Tamil Nadu records double-digit economic growth in real terms

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After 14 years, Tamil Nadu records double-digit economic growth in real terms

On right track: The data on per capita Net State Domestic Product (NSDP) at current prices show that Tamil Nadu ranked third among major States, with an estimated per capita income of ₹3,61,619. | Photo Credit: Getty Images/iStockphoto  After a gap of 14 years, Tamil Nadu has recorded a double-digit economic growth rate in real terms…

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Adani Ports & SEZ Q1 profit rises 6.54% to ₹3,310.60 crore

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Adani Ports & SEZ Q1 profit rises 6.54% to ₹3,310.60 crore

According to the company statement, Haifa port operated unhindered throughout and reported 25% YoY growth in container volume and 38% YoY growth in other cargo volume during the quarter, leading to overall volume growth of 29% YoY. File | Photo Credit: The Hindu Adani Ports and Special Economic Zone Ltd (APSEZ) on Tuesday (August 5, 2025)…

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Business

Sensex drops 308 points ahead of RBI policy decision; RIL, HDFC Bank major drags

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Sensex drops 308 points ahead of RBI policy decision; RIL, HDFC Bank major drags

Benchmark stock indices Sensex and Nifty closed lower on Tuesday (August 5, 2025) following selling in oil, gas and banking shares ahead of the Reserve Bank’s monetary policy announcement on August 6. The 30-share BSE Sensex fell by 308.47 points or 0.38% to close at 80,710.25. During the day, it declined 464.32 points or 0.57%…

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Business

Rupee falls 16 paise to close at 87.82 against U.S. dollar

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Rupee falls 16 paise to close at 87.82 against U.S. dollar

Representative image | Photo Credit: Reuters The rupee depreciated 16 paise to close at 87.82 (provisional) against the U.S. dollar on Tuesday (August 5, 2025), as risk-off sentiment deepened after U.S. President Donald Trump renewed his threat to raise tariffs on Indian goods over New Delhi’s continued purchases of Russian oil. Forex traders said the…

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Business

Deloitte projects 6.4-6.7% GDP growth in FY26

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Deloitte projects 6.4-6.7% GDP growth in FY26

“India’s economic trajectory stands out in a turbulent global landscape,” Rumki Majumdar, Economist, Deloitte India, said. Deloitte India on Tuesday (August 5, 2025) projected India’s economic growth at 6.4-6.7 % in the current fiscal citing robust domestic fundamentals and expanding global opportunities. It, however, said that India must monitor its trade exposure and be…

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Tariff war will worsen economy more than COVID-19 pandemic: Kerala Finance Minister K.N. Balagopal

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Tariff war will worsen economy more than COVID-19 pandemic: Kerala Finance Minister K.N. Balagopal

Economist M.A. Oommen speaking at the seminar ‘Post-COVID Development Challenges and Response: Kerala through the lens of State budgets’ organised by the Gulati Institute of Finance and Taxation in Thiruvananthapuram on Tuesday. Finance Minister K.N. Balagopal is also seen | Photo Credit: special arrangement Kerala Finance Minister K.N. Balagopal has warned that Kerala needs to prepare well…

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Highway Infrastructure IPO fully subscribed within hours of opening for bidding

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Highway Infrastructure IPO fully subscribed within hours of opening for bidding

Highway Infrastructure Ltd. on August 4, 2025, said it had raised ₹23.40 crore from the anchor investors, including HDFC Bank and Abans Finance Pvt. Ltd. Photo: https://www.highwayinfrastructure.in/ The initial public offer of Highway Infrastructure Ltd got fully subscribed within hours of opening for bidding on Tuesday (August 5, 2025). The three-day initial share sale received…

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