Indian equity markets fell sharply after the US President raised tariffs on Indian exports to 50 per cent in August, creating headwinds for the country’s manufacturing sector and potential economic growth. Further declines were seen due to the escalating Russia-Ukraine conflict. The fall was partially offset by expected benefits from the Prime Minister’s GST reforms,…
The United States has strengthened its ties with Pakistan as Missouri-based US Strategic Metals signed a $500 million investment deal to boost foreign investment in the country’s mineral sector.Pakistan’s Frontier Works Organization, the largest miner of critical minerals, formalised the agreement on Monday through a memorandum of understanding with the American firm, paving the way…
The US tariffs on India aim to increase pressure on Moscow regarding the Ukraine conflict. (AI image) Even as the Donald Trump administration wants India to stop purchasing Russian crude, Indian state-owned refiners are looking to fully revive their purchases of Russia oil. During the four weeks to August 31, India’s seaborne crude imports from…
IndiGo on Tuesday announced the launch of direct flights connecting Kolkata and Purnea in Bihar, with operations beginning on September 15. The airline will operate thrice-weekly flights on the route, making Purnea its 94th domestic and 137th overall destination. The flights, to be operated with ATR aircraft, will mark the inauguration of the Purnea airport….
Industry experts caution that the passage of this Bill could lead to further spending reductions by US clients. The Donald Trump administration’s potential move to impose a tax on jobs outsourced outside the US have sent jitters in the Indian IT sector. The potential introduction of legislation by a Republican senator to impose taxes on…
Gold reached a new record peak, driven by growing anticipation of Federal Reserve interest rate reductions by the end of the year. (AI image) Gold price today: Gold rates hit a lifetime high on Monday, crossing the Rs 1.10 lakh per 10 grams mark. Gold prices surged by Rs 458, reaching a peak of Rs…
HYDERABAD: Battery materials and supply chain player Altmin Private Ltd’s proposed $250 million (approx Rs 2200 crore) greenfield lithium refining project in Brazil has become the first project from India to be listed with the Minerals Security Partnership (MSP).MSP is a US-led alliance of 14 countries and the European Commission that focuses on securing and…
MUMBAI: Amazon is gearing up for a bigger spike in festive sales this year as the rejigging of GST slabs will make a range of products cheaper for consumers, boosting spending by the salaried class, many of whom scout for online deals when shopping for products, more so in the case of big-ticket items. Smartphones,…
South Korea’s LG Electronics is gearing up to launch the initial public offering (IPO) of its Indian subsidiary in October, banking sources aware of the matter told ET. The consumer electronics major is planning to raise around Rs 15,000 crore through the share sale, making it the largest IPO of 2025 so far.According to one…
PNC Financial Services has announced plans to acquire Colorado-based FirstBank in a $4.1 billion transaction, marking a significant expansion of its footprint in the US retail banking market.Headquartered in Lakewood, Colorado, FirstBank—also known as 1stBank—operates 120 branches and holds $26.7 billion in assets. The lender is privately held, though shareholders owning 45.7% of the company…
