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Image for representational purposes only. | Photo Credit: Getty Images The removal of the additional 25% tariff on India is not a prerequisite for trade negotiations to resume between India and the U.S., but a trade deal would not “be practical” if these tariffs were to remain, according to government sources. They added that while…
The manufacturing sector grew at a six-month high of 5.4% in July 2025, compared to 4.7% in July 2024. | Photo Credit: K.K. Mustafah Industrial growth jumped to a four-month high of 3.5% in July 2025, driven by a broad-based recovery in the manufacturing, electricity, capital, and consumer goods sectors. However, the Index of Industrial…
Read More “IIP growth recovers to four-month high of 3.5% on broad-based growth” »
The dollar index, which gauges the greenback’s strength against a basket of six currencies, fell 0.16% to 98.07. Representational file image. | Photo Credit: AP The rupee rose by 6 paise to close at 87.63 (provisional) against the U.S. dollar on Thursday (August 28, 2025), aided by a weaker greenback and a decline in crude…
Read More “Rupee rises 6 paise to close at 87.63 against U.S. dollar” »
A man walks near a screen outside the Bombay Stock Exchange (BSE) in Mumbai, on August 28, 2025 | Photo Credit: Reuters Stock market benchmark indices tumbled on Thursday (August 28, 2025), with the Sensex cracking 706 points, as the additional 25% tariff imposed by U.S. President Donald Trump on India for its purchases of…
The imposition of 50% tariffs (25% reciprocal plus 25% penalty) by the U.S. on gem and jewellery is expected to lead to a revenue fall of India’s natural diamond polishing industry by a steep 28-30% to $12.50 billion this fiscal, compared with $16 billion last fiscal, CRISIL Ratings said in a note. The blow will follow…
Image for representation only | Photo Credit: Reuters Bank of Baroda on Thursday (August 28, 2025) has announced a reduction in its car loan interest rates. Its floating car loan interest rates now start from 8.15% p.a. (earlier 8.40% p.a.), with immediate effect. “The rate cut is over and above the rate reduction by the…
Read More “Bank of Baroda cuts car, mortgage loan interest rates ” »
Bombay Stock Exchange (BSE) in Mumbai. | Photo Credit: REUTERS Textile, leather, gems and jewellery stocks declined on Thursday morning trade as the steep 50% tariff on Indian goods entering the United States came into effect. Shares of Alok Industries tanked 4.13%, Raymond Lifestyle fell by 3.66%, Siyaram Silk Mills dropped 2.92%, Welspun Living declined…
Read More “Textile, leather, gems and jewellery stocks decline in morning trade” »
The Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) of Adani Portfolio of companies for the Trailing-Twelve-Month (TTM) has crossed the ₹90,000 crore and grew 10% Year-on-Year to ₹90,572 crore with Q1 EBITDA also reaching a record high of ₹23,793 crore, up 3.3%, the Adani Group said on Thursday (August 28, 2025). The Adani Portfolio of listed companies, founded and…
A view of the Bombay Stock Exchange in Mumbai | Photo Credit: PTI Stock market benchmark indices Sensex and Nifty tumbled in early trade on Thursday (August 28, 2025) as the additional 25% tariff imposed by U.S. President Donald Trump on India for its purchases of Russian oil came into effect, weighing on investors’ sentiment….
Read More “Stock markets dive in early trade as steep 50% U.S. tariffs dent investors’ sentiment” »
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