‘Reserve the right to suspend…’: Amidst trade deal talks, India proposes retaliatory duties against US at WTO; here’s what the issue is about

India has informed the WTO’s Council for Trade in Goods regarding its intended suspension of concessions. (AI image) India has proposed retaliatory tariffs on Friday against the United States at the WTO (World Trade Organisation) in response to American safeguard measures on the automobile sector. The move comes amidst ongoing trade deal talks with the…

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China targets involution’ in EV market; crackdown on oversupply and price wars led by BYD

China targets involution’ in EV market (Image credits: AP) China’s government is stepping in to cool down the fierce price war in its electric vehicle (EV) market, as concerns over oversupply, shrinking margins, and industry instability grow.After years of aggressive industrial policy driving EV adoption, China’s electric vehicle market has become the largest in the…

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IndiGo debuts direct Mumbai-Amsterdam flights: Eyes leisure, business & student travel; check flight schedule

Indian airline IndiGo has launched direct flight services between Mumbai and Amsterdam. The new route, announced on Wednesday, marks the airline’s second major long-haul launch in two days, following the start of Mumbai-Manchester flights.“This route will not only enhance connectivity for leisure, business, and student travellers, but also deepen the thriving partnership between India and…

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RBI waiting for gold prices to fall? Central bank keeps gold reserves constant; decision likely due to forecasts on yellow metal

RBI’s gold holdings remain stable at 880 metric tonnes from end-March through end May this year. (AI image) The Reserve Bank of India (RBI) has maintained its current gold reserves without additions so far in FY26, potentially linking its acquisition strategy to anticipated downward price movements in this safe-haven commodity. Gold prices have risen 80%…

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‘Till the lion learns to write…’: Edelweiss MF CEO Radhika Gupta slams Prada amid Kolhapuri sandals controversy; says ‘500 rupee chappal sold for 1 lakh’

Edelweiss Mutual Funds CEO and MD Radhika Gupta Italian luxury fashion house Prada has been facing severe online backlash after its latest collection showcased men’s sandals resembling India’s traditional Kolhapuri chappals. Edelweiss Mutual Funds CEO and MD Radhika Gupta weighed in on the ongoing controversy, highlighting the importance of acknowledging original creators and preserving India’s…

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Jane Street ban: US trading firm barred by SEBI from accessing India’s securities market; case relates to alleged index manipulation

SEBI issued an interim directive stating that Jane Street would be banned from participating in the country’s securities market. (AI image) US trading firm Jane Street has been barred by Indian market regulator, the Securities and Exchange Board of India (SEBI), from domestic markets. SEBI has imposed restrictions on Jane Street trading firm, ordering them…

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Asian equities mixed as Trump’s tariff deadline looms; US jobs data surprises and Wall Street surges

Asian markets waver as Trump’s Tariff deadline nears (Image credits: AP) Asian markets showed mixed movement on Friday as investors treaded carefully ahead of a looming US tariff deadline set by President Donald Trump. The uncertainty overshadowed positive cues from Wall Street, where a strong US jobs report lifted major indexes to record highs.Trump told…

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