Buisiness

NEW DELHI: Amid the ongoing bilateral trade talks with the US, India on Wednesday opted to remain an observer as China led the charge against the Trump administration over reciprocal tariffs, calling it bullying and a violation of global trade rules.But India, Mexico and Argentina were among a handful of countries that did not make…

Oil prices climbed on Wednesday, bouncing back from four-year lows earlier in the session, after US President Donald Trump announced he would further increase tariffs on China but pause the tariff increases he announced last week for most other countries. Brent futures were up $1.8, or 3%, to $64.6 a barre – the contracts lost…

MUMBAI: Pratyush Sinha, a former chief vigilance officer and retired IAS officer, has been appointed to lead Sebi’s high-level committee (HLC) focusing on conflict of interest, disclosures and associated matters concerning the regulatory body’s members and officials. The other members of the committee include Injeti Srinivas, Uday Kotak, G Mahalingam, Sarit Jafa, and R Narayanaswamy,…

LONDON/ DELHI: Finance minister Nirmala Sitharaman said on Wednesday that the govt is focusing on ensuring that domestic demand stayed strong to maintain the underlying strength of the Indian economy. Her comments come amid fears that US tariffs would cause global slowdown, which also prompted RBI to lower the forecast for the current fiscal year….

Piyush Goyal (File photo) Union commerce and industry minister Piyush Goyal confirmed that India is working towards a bilateral trade agreement with the United States as agreed between Prime Minister Narendra Modi and President Donald Trump in February.His remarks came as Trump’s 26% reciprocal tariff on Indian goods came into effect.“We are keeping India’s interests…

Global markets experienced significant declines on Wednesday as the US-China trade war escalated. China retaliated to US tariffs with an announcement of new levies of 84% on US goods, causing US equity futures to fall by 1.7%. European stocks also slumped, losing more than 4%, according to Bloomberg.The selloff continued as the yield on 30-year…

Reciprocal tariffs on China were raised to 125% by Trump. US President Donald Trump on Wednesday a 90-day pause on the rollout of reciprocal tariffs on most countries, with the exception of China. US stock markets reacted positively to the news, showing remarkable gains. The S&P 500 index climbed 5.7% after recovering from a 0.7%…

India’s economy is set to grow at 6.7% in the current fiscal year, driven by robust domestic demand, rising rural incomes, and moderating inflation, according to the Asian Development Bank’s (ADB) Asian Development Outlook (ADO) report for April 2025. ADB forecasts the GDP to continue growing at a pace of 6.8% in FY26 (2026-27), supported…

US stock markets showed a mixed but slightly positive performance on Wednesday, with the Nasdaq Composite leading the charge. Investors appeared to focus on broader market trends, buoyed by solid earnings reports and continued growth in tech stocks.As of 9:50 AM GMT-4 on April 9, 2025, the Dow Jones Industrial Average had climbed by 21.35…

Lego opened a $1 billion factory in Vietnam, marking a major step in the Danish toymaker’s bid to strengthen its presence across Asia. The new plant is located in the southern province of Binh Duong, is the company’s second facility in Asia and its sixth globally. The factory is designed to cater exclusively to the…