Business

India has strongly condemned the US’s decision to impose an additional 25% tariff on Indian crude oil imports from Russia. The Ministry of External Affairs labeled the move ‘unfortunate,’ emphasizing India’s commitment to safeguarding its energy security and national interests. This decision places India at a competitive disadvantage in the US market, potentially impacting trade…

Amidst ongoing trade discussions, Japan is poised to import Ford’s F-150 pickup trucks following a recent agreement with the US. This deal involves Japan lifting restrictions on American cars and recognizing US vehicle safety standards, while facing a 15% reciprocal tariff on its imports.

RBI Governor Sanjay Malhotra refuted Donald Trump’s ‘dead economy’ remark, asserting India’s strong economic performance and significant contribution to global growth, exceeding that of the United States. Despite concerns over potential US tariffs due to India’s energy ties with Russia, Malhotra assured a stable inflation outlook, with authorities prepared to intervene if global oil prices…

Despite US President Trump’s concerns over India’s oil trade with Russia and threats of increased tariffs, both the EU and the US continue significant trade with Russia. India has called out the West’s hypocrisy, highlighting their ongoing imports of Russian energy, fertilizers, and other commodities.

RBI Governor announced measures to simplify claim settlements for deceased customers’ accounts and lockers, alongside a re-KYC drive for PMJDY accounts via panchayat-level camps. The Retail Direct platform will now offer SIPs in treasury bills. Bank credit growth slowed to 12.1% in FY25, but total financial resource flow to the commercial sector increased.

NSDL shares debuted strongly on Wednesday, listing at a 15% premium over the issue price of Rs 800, reaching Rs 920 and a market valuation of Rs 18,249 crore. The Rs 4,011 crore IPO was oversubscribed 41 times.

The RBI’s MPC has maintained the repo rate at 5.5% in its August review, offering no immediate EMI relief for borrowers, despite previous cuts. While a 1% repo rate reduction this year hasn’t fully translated to lower EMIs, expectations are for future reductions. This decision occurs amidst potential tariff hikes by the US due to…

Donald Trump has threatened to impose substantial tariffs on India for continuing to purchase Russian oil, despite criticism from within his own party. Nikki Haley cautioned against harming relations with India while seemingly giving China a pass. India has defended its oil imports, citing diverted traditional supplies and pointing out that other nations also trade…