Business News - Page 2

Why is the rupee sinking even as the dollar weakens globally?

1 month ago

The Indian rupee is hovering near record lows despite a weakening US dollar. Foreign outflows, higher US tariffs, visa fee hikes, and persistent trade concerns have fuelled the decline. The RBI’s interventions have limited volatility, but heavy selling continues to weigh on India’s currency

Will US refund tariffs if Supreme Court rules against Trump’s policy?

1 month ago

The US Supreme Court is set to decide the fate of Trump’s sweeping reciprocal tariffs later this year. If the court rules against the administration, US Treasury Secretary Scott Bessent has confirmed that 'we would have to give a refund on about half of the tariffs, which would be terrible for the Treasury'

Modi, Trump reaffirm friendship: Are tensions between India-US finally easing up?

1 month ago

India-US relations face turbulence as Prime Minister Narendra Modi and President Donald Trump balance personal friendship with growing disagreements over tariffs. Amid talks of Modi’s bonhomie with Xi Jinping and Vladimir Putin after the SCO Summit, Trump’s trade penalties, and upcoming UNGA talks, both nations are navigating one of their most challenging phases

Why the GST reform is a festive bonanza for the common man

1 month ago

India has rolled out its biggest GST reforms since 2017, cutting rates on essentials, farm equipment, and insurance while simplifying slabs to just five per cent and 18 per cent. A new 40 per cent rate targets luxury and sin goods. The changes aim to ease household budgets, support farmers and students, and boost spending ahead of the festive season

$6 billion windfall: Is crypto now the Trump family’s biggest business venture?

2 months ago

The Trump family’s cryptocurrency venture, World Liberty Financial, has quickly become its largest source of wealth, with locked holdings valued at around $6 billion. The launch of its $WLFI token drew massive trading volumes and scrutiny over potential conflicts of interest as Donald Trump balances presidential duties with his family’s expanding crypto empire

US Treasury Secretary Bessent talks of plan B for Trump’s tariffs. What could it be?

2 months ago

US Treasury Secretary Scott Bessent says the Trump administration has a 'Plan B' if the Supreme Court strikes down the president’s sweeping tariffs imposed under emergency powers. While defending the use of the 1977 IEEPA law, Bessent pointed to other trade statutes, including the Smoot-Hawley Act, Sections 232, 201, 301, and 122, as fallback options

How Trump’s 50% tariffs on India will backfire on US businesses too

2 months ago

The US has doubled tariffs on Indian goods to 50 per cent, targeting sectors like textiles, jewellery, chemicals and furniture. While meant to punish India over Russian oil imports, the move could also hurt American businesses, raising inflation, squeezing supply chains and making goods costlier for US consumers

New workplace trend alert! What is 'job-hugging' that American employees are practising?

2 months ago

Once marked by the 'Great Resignation', US workers are now holding tightly to their jobs in what experts call 'job hugging'. With hiring slowing, opportunities shrinking and economic uncertainty growing, employees are staying put — but experts warn this trend could stall careers, block new entrants and set the stage for another mass resignation

Who is Peter Navarro, Trump’s adviser who has called India 'Maharaj in Tariff'?

2 months ago

Peter Navarro, Donald Trump’s chief trade adviser, has slammed India, dubbing it a 'maharaj in tariff' and accusing it of running a 'profiteering scheme' through discounted Russian oil. From his Harvard roots to his prison stint and return to Trump’s inner circle, here’s everything to know about the man driving US tariff wars

How China is scaling up Russian oil orders as Trump turns the screws on India

2 months ago

China is increasing its purchases of Russian crude, which was once destined for India, as US President Donald Trump’s tariff offensive forces New Delhi to scale back its imports. With Beijing securing at least 15 cargoes for October and November delivery, the shift shows how much Russia is dependent on Asian buyers

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