File photo: US President Donald Trump and Mexican President Claudia Sheinbaum (Picture credit: AP) US President Donald Trump on Thursday announced a 90-day extension for trade negotiations with Mexico, allowing both countries more time to reach a long-term agreement. While tariffs on key Mexican exports remain in place during this period, leaders on both sides…
AI-generated image The imposition of a 25 per cent US tariff on Indian goods from August 1, along with an unspecified penalty over India’s continued trade with Russia, could weigh on India’s GDP growth and export prospects, experts have warned. Sectors such as pharmaceuticals, gems and jewellery, textiles, and automobiles are likely to be most…
The Union Cabinet has approved a total outlay of Rs 6,520 crore — including an additional Rs 1,920 crore — for the Central Sector Scheme Pradhan Mantri Kisan Sampada Yojana (PMKSY) during the ongoing 15th Finance Commission cycle (2021–22 to 2025–26), the government said in an official release said.The allocation includes Rs 1,000 crore to…
Piyush Goyal said that India will protect its national interest while pursuing any trade deal. Commerce minister Piyush Goyal on Thursday said that India will protect its national interest while pursuing any trade deal with world economies. Goyal’s comments in the Parliament come after US announced a 25% tariff on India. In what appeared to…
The Union Cabinet approved a Central Sector Scheme for providing Rs 2,000 crore in grant-in-aid to the National Cooperative Development Corporation (NCDC) over four years, with the aim of boosting cooperative activity across key rural sectors.According to the government release, the outlay — Rs 500 crore annually from FY26 to FY29 — will enable NCDC…
India’s pharmaceutical sector has given its insights into US President Donald Trump’s announcement of a 25 per cent tariff on all Indian imports starting August 1, warning that the move could significantly disrupt American healthcare rather than weaken Indian industry. While uncertainty remains about whether pharmaceuticals will fall under the new tariff list- given Trump’s…
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( Representative AI image) Asian markets were mixed on Friday as investors stayed cautious despite Wall Street hitting record highs.Chinese markets led regional gains, with the Hang Seng Index in Hong Kong surging 1.6% to 24,402.41 and the Shanghai Composite rising 1.1% to 3,546.50, supported by fresh signs of economic stimulus and buying in tech…
Tesla’s entry into India comes at a time when the EV maker is facing reduced sales in Europe and China. (AI image) Elon Musk-led Tesla is set to open its first showroom in India next week. The new showroom for Tesla’s electric cars will open in Mumbai on July 15, according to a Reuters report….
NEW DELHI: National Highways Authority of India (NHAI) plans to bid out 124 highways and expressway projects worth Rs 3.4 lakh crore in current financial year (2025-26). NHAI has put the entire list of projects in public domain, amid a sense of uncertainty among the highway developers.In last two years, there has been a slowdown…
