Bank holiday today: Banks across India, including major lenders like the State Bank of India (SBI), will observe holidays this weekend as per the Reserve Bank of India (RBI) calendar. Regular RBI holidays include all Sundays, as well as the second and fourth Saturdays of each month.This week, bank closures will include:September 27–28 (Saturday-Sunday): Pan-India…
(Image credit: PTI) NEW DELHI: Foreign ministers of Brics nations, meeting on the sidelines of the 80th UN General Assembly (UNGA80), slammed Donald Trump-led US administration’s tariffs on over 70 countries, calling them a “proliferation of trade-restrictive actions” that endanger global supply chains and economic stability.In their joint statement, the ministers said they were concerned…
NEW DELHI: A recent report by the Finance Ministry’s emphasises that government reforms will protect the economy from trade-related challenges, while advocating for continued vigilance against external risks and market fluctuations.The Monthly Economic Review highlights GST rationalisation as a crucial component of tax reforms, alongside corporate and personal income tax adjustments. The ministry suggests these…
US President Donald Trump‘s announcement of a 100% tariff on imported “branded and patented pharmaceutical products” has rattled the global pharma industry, though Indian generic drug makers are largely expected to remain unaffected for now.Trump, in a post on Truth Social on Thursday, stated: “Starting October 1st, 2025, we will be imposing a 100% Tariff…
MUMBAI: Tata Motors has reconstituted its board as its two businesses, passenger vehicles and commercial vehicles, will be under two distinct listed entities starting Oct 1. N Chandrasekaran will be the chairman of both the entities, Tata Motors (to be renamed as Tata Motors Passenger Vehicles (TMPV) and TML Commercial Vehicles (TMCV). Shailesh Chandra will…
The Donald Trump-led US administration is considering a plan to impose tariffs on imported electronic devices depending on the number of chips in each one of them, Reuters reported, citing three sourcesUnder the proposal, the US commerce department would calculate tariffs as a percentage of the product’s estimated chip value, in a move designed to…
MUMBAI: Hindustan Unilever (HUL) has said that sales have been impacted in Sept as markets prepared for the new GST regime leading to some temporary disruptions in the supply chain. Distributors and retailers postponed placing orders for fresh stock as they awaited new packs with updated prices to hit the markets and instead focused on…
Donald Trump urges Microsoft to sack Lisa Monaco (Picture credit: AP, US department of justice) US President Donald Trump on Friday publicly demanded that Microsoft dismiss Lisa Monaco, the company’s president of global affairs and a former top official in Democratic administrations.In a lengthy Truth Social post, Trump claimed ‘corrupt and totally Trump deranged’ Monaco…
MUMBAI: Fresh tariff-related jitters, weakness of the rupee and foreign fund selling pulled the sensex down by 733 points on Friday to 80,246 points, near its four-week low. As US President Donald Trump announced a fresh set of tariffs on imports of pharmaceutical products, most pharma stocks closed deep in the red. Nifty was down…
NEW DELHI: Government on Friday said that a team led by commerce and industry minister Piyush Goyal, which met United States Trade Representative Jamieson Greer and ambassador designate Sergio Gor, held “constructive” talks on several aspects of the proposed trade deal.“Both sides exchanged views on possible contours of the deal and it was decided to…
