A total of 60 economies were being probed by the Donald Trump administration under the Section 301 probe. (AP Photo) The Donald Trump administration has announced a fresh set of tariffs as its Section 122 duties expire on July 24. The new tariffs, imposed under the Section 301 probe, see India being levied a reduced…
India brought in more than 32 lakh tonnes of key fertilisers during the first quarter of the current financial year, with imports of urea and di-ammonium phosphate (DAP) supplementing domestic production to meet demand, according to information shared by the government in Parliament.In a written reply to the Lok Sabha, chemicals and fertilizers minister J…
US President Donald Trump on Thursday imposed fresh tariffs on imports from 60 economies over concerns related to forced labour practices, with India among 17 economies that will face a lower 10% tariff instead of the proposed 12.5% duty.The new tariffs, imposed under Section 301 of the Trade Act of 1974 took effect at 12.01…
The United States has imposed a 10% tariff on Indian goods under Section 301, but economists believe the immediate impact on India’s exports will be limited.While the move offers some relief compared with higher tariff proposals, they say that the real challenge lies in reducing the country’s dependence on a single export market by broadening…
Flipkart Group CEO Kalyan Krishnamurthy NEW DELHI: Flipkart is set to take on Zomato and Swiggy in the food delivery space as it expands its offerings. In an interview, Flipkart Group CEO Kalyan Krishnamurthy argues that companies that execute well with a good value proposition can disrupt the market even if they enter the arena…
With less than a month before US President Donald Trump‘s proposed 50% tariffs are due to take effect, Canadian Prime Minister Mark Carney has said Ottawa will not retaliate in advance, instead, will continue negotiations. Carney said that the country does not need to respond “in advance” and any such measure would be “counterproductive”. With…
Rupee staged a recovery in early trade on Friday, rising 22 paise against the US dollar after opening on a weak note, with likely intervention by the Reserve Bank of India helping the domestic currency steady despite crude oil prices breaching the $100-a-barrel mark.The currency, which had ended 20 paise weaker at 96.73 on Thursday,…
Rahul Bhatia, promoter and MD of India’s largest carrier IndiGo NEW DELHI: Rahul Bhatia, promoter and MD of India’s largest carrier IndiGo, has opposed the proposed move to allow airport operators in India to own and run airlines too. “There is no global precedent for this. It raises massive conflict-of-interest concerns, and it is unclear…
Stock market live: Markets open lower; Infosys, IndiGo drag indices after Q2 earnings Indian benchmark indices opened sharply lower on Friday as Brent crude surged above $100 a barrel amid escalating tensions in the Middle East, while disappointing June-quarter earnings from Infosys and InterGlobe Aviation (IndiGo) further dampened investor sentiment. The Nifty 50 fell 0.85%…
Fidelity International-backed Eight Roads Investments, Flipkart and IMM India Fund are collectively selling up to 9% stake in Shadowfax MUMBAI: Fidelity International-backed Eight Roads Investments, Flipkart and IMM India Fund are collectively selling up to 9% stake in Shadowfax through block deals worth around $108 million (Rs 1,048 crore), the term sheet of the…
