Buisiness

NEW DELHI: Staring at a steep dent, exporters have asked govt to restore several benefits that have been stopped, such as the interest equalisation scheme and Remission of Duties and Taxes on Exported Products (RODTEP) for SEZ and export oriented units, while prioritising sectors that will be more adversely hit by Trump’s tariffs during the…

J P Morgan projected that the United States will slip into a recession by the end of 2025, attributing the decline largely to President Donald Trump’s newly announced reciprocal tariffs. The forecast comes days after Trump imposed sweeping duties on imports in a bid to rebalance trade ties, with further hikes targeted at countries with…

Global markets were rattled on Friday as US President Donald Trump’s aggressive tariff war triggered a massive sell-off, erasing more than $9 trillion in market capitalisation since his second-term inauguration on January 20. The Wall Street meltdown, the worst since the Covid -19 pandemic, sent shockwaves across global financial centres. The S&P 500 plunged nearly…

MUMBAI: The rupee briefly regained 84 levels to touch a 2025 high of 84.97 against the dollar on Friday as the greenback weakened globally before closing at 85.24, up 19 paise from Thursday’s close of 85.43. The strengthening of the rupee is expected to hurt exporters. The dollar index, which tracks the greenback’s movement against…

NEW DELHI: During their talks with negotiators from Asean, Indian officials are facing a China problem. Whenever they seek to offer any concessions as part of the review of the trade deal, they look at Chinese companies that have set up a base in the 10-member bloc.It’s a problem that is encountered by every country…

MUMBAI: Tiger Global backed Infra.Market is planning to raise $1 billion through an IPO at a valuation of up to $5 billion, sources close to the development said. The startup, which was last valued at $2.8 billion, is targeting a Diwali listing and will file its draft IPO papers by June. The bulk of the…

New Delhi: Apple does not intend to make any immediate changes to retail prices of its products, such as iPhone, including in India, following the Trump administration’s imposition of reciprocal tariffs as the company had sent “unusually high” number of shipments from factories in India and China to build up stocks in America, despite this…

MUMBAI: IndusInd Bank reported a slight year-on-year rise in net advances and deposits for the quarter ended March 2025, even as sequential trends reflected a slowdown in loan growth.The bank’s net advances stood at Rs. 3.48 lakh crore as of March 31, 2025, up 1.4% from a year ago but down 5.2% from the preceding…

The tax-free interest earnings from PPF accounts make it a valuable investment option. (AI image) PPF account holders take note! To make sure that you earn the maximum benefit from your Public Provident Fund (PPF) investments, it is important that you deposit your money into the PPF account by April 5 every financial year. This…

Donald Trump announced tariffs on exporters to the US, including 20% on the European Union and 24% on Japan. NEW DELHI: Oil prices on Friday hit their lowest since the middle of 2021 as China’s return fire against US president Donald Trump’s reciprocal tariff rippled across markets, giving the Centre an an opportunity to partly…