US President Donald Trump frequently boasts about the billions of dollars flowing into the US government’s coffers from sweeping tariffs, calling it historic, unmatched, and a windfall for the nation. But while he celebrates the surge in revenue, many are asking: Where is all that money going -and who is really paying the price?“We have…
Donald Trump doubles tariffs on India to 50% India has responded strongly to US President Donald Trump’s move on Wednesday to impose an additional 25% tariff on India for its crude oil procurement from Russia. The ministry of external affairs in a statement called the US move ‘unfortunate’ and reiterated that stand that India would…
India’s growth story may be headed for a rough patch after US President Donald Trump imposed a steep 25% “reciprocal” tariff on Indian goods, a recent report by Goldman Sachs showed.In a newly revised outlook, the brokerage trimmed its forecast for India’s real GDP growth by 0.1 percentage point. It now expects the economy to…
Wall Street saw modest gains on Wednesday as investors sifted through a wave of corporate earnings to gauge how businesses are coping with President Donald Trump’s tariffs.Nasdaq climbed 60 points or 0.29%, reaching 20,977. S&P 500 followed the trajectory, with a modest rise of 11 points, rising 0.18% to 6310.DJIA, on the contrary, dipped 12…
Japan is set to begin importing Ford’s hefty F-150 pickup trucks, US President Donald Trump said on Tuesday, even as questions linger over the full scope of the countries’ trade agreement.The move comes as part of a deal announced in July, under which Japanese imports will be hit with a 15% “reciprocal” tariff, lower than…
A 20-year-old man from Dankaur near Noida was stunned after receiving a bank message showing an unimaginable sum of money, Rs 10,01,35,60,00,00,00,00,00,01,00,23,56,00,00,00,00,299, credited to his account on August 1.The man, Deepak, said the amount was deposited in his late mother’s account, which he had opened just two months ago. I got a message that Rs…
Reserve Bank of India governor Sanjay Malhotra on Wednesday gave a firm reply to Donald Trump’s ‘dead economy’ remark, assuring that India’s economy is “doing very well” and contributing more to global growth than the United States.Speaking to reporters at the RBI headquarters, Malhotra highlighted India’s resilience and strong performance even as Trump’s controversial remark…
Cinema chain PVR INOX Ltd on Wednesday reported a sharp reduction in its consolidated loss after tax to Rs 54.5 crore for the quarter ended June 30, 2025, helped by strong movie content that drove higher footfall and revenue, the company disclosed in a regulatory filing.The company had posted a loss of Rs 179 crore…
What do the European Union and United States of America import from Russia? How does it compare to the India-Russia trade? US President Donald Trump may be irked with India’s oil trade with Russia, but the European Union and America continue to purchase Russian energy and commodities worth billions of euros and dollars, including liquefied…
RBI Governor Sanjay Malhotra on Wednesday announced key initiatives to make banking services more customer-friendly and inclusive. Among the major steps is the move to simplify and standardise the claims settlement process for bank accounts and safe deposit lockers of deceased customers to ease the burden on nominees trying to access funds.Addressing the third bi-monthly…
