Business

For now, Donald Trump retains his negotiating power with trading partners. (AI image) The Donald Trump administration is evaluating a two-part strategy to deal with the US trade court ruling that blocked the American President’s sweeping reciprocal tariffs on several countries. The court ruling said that Trump overstepped his authority in imposing the tariffs. Currently,…

Higher loans, credit cards coming street vendors’ way NEW DELHI: With the contours of the revamped PM SVANidhi scheme having been finalised, street vendors will be getting higher subsidised loans, as well as credit cards with a limit of Rs 30,000, on account of banks coming on board. The credit cards will be issued by…

India has the seventh largest gold reserves internationally. (AI image) The Reserve Bank’s gold assets value (including gold deposits) saw a substantial rise of 57.12 per cent, reaching Rs 4,31,624.8 crore as of March 31, 2025. This increase was primarily attributed to the addition of 54.13 metric tonnes of gold and the yellow metal’s price…

HYDERABAD: AI-driven genomics and personalised health player Mapmygenome has acquired Canadian microbial sequencing player Microbiome Insights.The acquisition includes the CAP-accredited (College of American Pathologists) Canadian laboratory of Microbiome Insights as well as its intellectual property.Though the Hyderabad-based Mapmygenome did not divulge the size of acquisition, its founder & CEO Anu Acharya confirmed that it had…

The US economy contracted at a 0.2% annual pace from January through March, marking the first quarterly decline in three years, as President Donald Trump’s trade policies disrupted business activity. The Commerce Department released the revised estimate Thursday, slightly improving on its initial figure.The drop in gross domestic product (GDP) — the broadest measure of…

US stock markets climbed Thursday after a federal court ruled that President Donald Trump overstepped his authority in imposing sweeping tariffs under emergency powers, providing relief to investors rattled by months of trade uncertainty. Strong earnings from chipmaker Nvidia further buoyed tech stocks, helping the Nasdaq lead gains.Wall Street opened higher, with the S&P 500…

Ola Electric’s Q4 losses deepen as deliveries slide, revenue nearly halves BENGALURU: Ola Electric reported a steep deterioration in its March quarter performance, with adjusted revenue plunging to Rs 649 crore in the period ended March 2025, from Rs 1,641 crore a year ago, a near 60% decline. Consolidated net loss widened to Rs 870…