business

Starlink has been granted a Unified Licence to provide satellite internet services in India, as announced by Union Telecom Minister Jyotiraditya Scindia. The government has finalized frameworks for spectrum allocation and gateway setup to ensure a smooth rollout. India’s digital transformation has seen significant growth, with increased internet subscribers, affordable data, and advancements in 5G…

Donald Trump has extended trade negotiations with Mexico for 90 days, aiming for a long-term agreement. Despite this extension, tariffs on key Mexican exports, including autos, steel, aluminum, copper, and a ‘Fentanyl Tariff,’ will remain. Claudia Sheinbaum confirmed the extension, averting an immediate tariff escalation. Both nations are committed to dialogue, addressing the US trade…

Wall Street experienced gains, propelled by Microsoft and Meta’s strong performance driven by AI optimism and solid earnings. Major indices approached record highs, while inflation data and Trump’s tariff policies introduced caution ahead of the Federal Reserve meeting. The Fed held rates steady amid persistent inflation concerns and trade uncertainties, impacting rate cut expectations.

Under President Trump’s trade policy, the US has already surpassed its 2024 tariff revenue, collecting over $87 billion by June 2025. New tariffs, ranging from 11 to 50 percent, are set to impact numerous countries, including the EU, starting August 1.

Donald Trump announced a US-Pakistan deal to develop Pakistan’s ‘massive oil reserves,’ even saying that India may be a potential buyer. Despite Pakistan’s claims of coastal petroleum, extraction progress remains limited. Pakistan relies heavily on Middle Eastern oil imports, constituting 20% of its import expenses.

Microsoft’s shares witnessed a surge following robust quarterly earnings. The company’s market value exceeded $4 trillion. US markets reached new highs, fueled by tech earnings and AI optimism. Nasdaq and S&P 500 surpassed previous records. Donald Trump announced a trade agreement with South Korea. Meta Platforms also experienced a jump after reporting quarterly profits.

Commerce Minister Piyush Goyal affirmed India’s commitment to protecting its national interests in trade negotiations, following the US announcement of 25% tariffs. Goyal highlighted India’s rapid economic growth, countering Trump’s criticism by emphasizing its position as the world’s fastest-growing major economy.

The Union Cabinet has approved a Rs 2,000 crore scheme to bolster cooperative activities in rural sectors. This grant-in-aid to NCDC will enable them to raise Rs 20,000 crore for loans to cooperatives. The initiative aims to benefit millions of members across various sectors, modernizing infrastructure, enhancing productivity, and generating rural employment.

India’s pharma sector has downplayed the impact of US President Trump’s 25% tariff, warning instead of severe consequences for American healthcare. Industry leaders stressed India’s key role in supplying affordable medicines to the US and predicted shortages, higher costs, and a 3–5 year struggle for the US to find alternatives.

Indian electronics sector gains a two-week reprieve from proposed US tariffs as Section 232, covering technology products, undergoes review amid bilateral talks. Trump’s planned 25% tariff on Indian imports, alongside potential penalties for Russian military equipment purchases, creates uncertainty. Apple’s iPhone export plans from India to the US face disruption, potentially impacting production scale-up and…