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Retail spending in the US exceeded expectations in August, rising 0.6 percent month-on-month, government data showed on Tuesday, even as President Donald Trump’s tariffs continue to impact the global trade environment. On a year-on-year basis, retail sales climbed 5 percent.The Commerce Department data highlighted that motor vehicle and parts dealers saw a 0.5 percent increase…
The Reserve Bank of India (RBI) is likely to cut policy rates by 25 basis points each in October and December, bringing the terminal rate down to 5 per cent, global brokerage Morgan Stanley has projected in its latest report. The easing cycle is supported by sustained disinflation and inflation undershooting the central bank’s 4…
Gold rate today: Gold futures soared to fresh peaks on Tuesday, with expectations of an imminent US Federal Reserve rate cut and a weaker dollar driving safe-haven buying across global and domestic markets. On the Multi Commodity Exchange (MCX), October contracts jumped Rs 384, or 0.34 per cent, to a record Rs 1,10,563 per 10…
TikTok users in the United States could be spared a potential closure following the Trump administration’s announcement of a framework agreement with China over the ownership of the popular social video platform.Trump, Xi to discuss final agreement US Treasury Secretary Scott Bessent said on Monday in Madrid that President Donald Trump and Chinese Premier Xi…
PM Modi inaugurates four new trains NEW DELHI: Prime Minister Narendra Modi on Monday flagged off four new trains, inaugurated a newly built railway line, and laid the foundation stone for a major new rail-cum-bridge project in Bihar via video conferencing. The initiatives aim to strengthen regional connectivity, reduce travel time, and boost economic, cultural,…
Progress in India–US trade negotiations depends heavily on Washington revoking the additional 25 per cent tariffs linked to India’s Russian oil imports, according to a report by the India-based Global Trade Research Initiative (GTRI) as discussions resumed in New Delhi on Tuesday.“Negotiations will remain slow unless Washington signals genuine flexibility,” the GTRI report stated, as…
IndiGo is set to add Copenhagen to its international network from October 8, marking the airline’s entry into the Scandinavian region. The new services will be operated three times a week from Mumbai, expanding its reach further into Northern Europe. The flights will use Boeing 787-9 Dreamliner aircraft taken on wet/damp lease from Norse Atlantic…
In a major relief to the consumers, the commerce and industry ministry has asked retail chains to clearly display and advertise discounts arising from the recent rationalisation of GST rates, directing them to pass on the benefit to final buyers ahead of the festive season.In a communication to the Retailers Association of India, the Department…
Taxpayers continue to struggle with the ITR submission process due to technical difficulties on the Income Tax department’s official portal. (AI image) ITR filing FY 2024-25 due day has been extended to today, that is September 16, 2025, but taxpayers are complaining of still facing issues with the income tax e-filing portal.Following the Finance Ministry’s…
Lower-income borrowers with limited income are increasingly turning to gold loans instead of microfinance institutions (MFIs) to meet urgent financial needs. Rising gold prices, lower gold-loan interest rates and stricter MFI lending norms are driving the trend. RBI data show gold-backed loans jumped 122 per cent year-on-year until June, while the Microfinance Industry Network reported…
