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The TOI correspondent from Washington: US president Donald Trump on Friday signed an executive order that formally removes punitive tariffs on Indian imports, cementing a high-stakes trade, energy, and security deal aimed at returning US–India ties to normalcy. The order, effective immediately, ends a months-long economic standoff triggered by New Delhi’s purchases of Russian oil…
Scott Bessent (File photo) TOI correspondent from Washington: US Treasury Secretary Scott Bessent signaled a prospective removal of the 25 per cent penalty tariffs on India for its purchase of Russian oil, citing “success” in Washington’s pressure tactics while appearing to disapprove the outreach of the European Union, which is on the verge of concluding…
File photo: Congress MP Shashi Tharoor (Picture credit: PTI) NEW DELHI: Congress MP Shashi Tharoor on Sunday said there were indications that tensions surrounding Iran may be easing, pointing to reports that executions of protesters have been cancelled and that the United States has toned down its military posture.Speaking to reporters, Tharoor said a “positive…
The US Federal Reserve is widely expected to lower borrowing costs this week, but deep divisions within the policy-making panel suggest further rate cuts will be harder to secure, analysts say.Policymakers are set to meet on December 9–10 amid a complicated economic backdrop, with inflation still running above the Fed’s 2% target even as hiring…
The Reserve Bank of India on Tuesday pressed banks to fully transmit policy rate cuts to borrowers, as Governor Sanjay Malhotra urged lenders to support sustainable growth and improve customer outcomes, PTI reported.Malhotra met managing directors and chief executives of public sector banks and select private lenders in Mumbai, asking them to pass on the…
File photo (Picture credit: AP) Asian markets fell on Tuesday as caution spread across global equities ahead of several delayed US economic releases and shifting expectations around the Federal Reserve’s next move. The weakness followed a tech-led slide on Wall Street overnight, with investors watching closely for Thursday’s September nonfarm payrolls report to gauge the…
IT stocks rallied sharply on Wednesday, buoyed by investor optimism after US President Donald Trump said the United States “needed skilled workers from abroad,” a comment seen as a potential softening of his administration’s hardline immigration tone.The upbeat sentiment lifted Tech Mahindra, which surged 3.24%, followed by Mphasis (up 2.83%), LTIMindtree (up 2.63%), TCS (up…
India’s domestic growth cycle may be nearing its lowest point, with several supportive economic factors pointing to a possible rebound in the coming months, according to a report by HSBC Mutual Fund.The report noted that low interest rates, steady liquidity conditions, easing crude oil prices and a normal monsoon are all helping to create a…
India’s electronics sector could face a setback as trade tensions between US and China have eased after the Busan meeting between the presidents of two nations ended with ‘great success’.The electronics sector has raised alarm over potential threats to its global competitiveness after the tariffs on Chinese goods were reduced. The industry has urged the…
AI image used for representative purposes Following improved India-China relations, the authorities, including the International Financial Services Centre Authority (IFSCA), are evaluating a banking sector proposal to enable International Banking Units at Gujarat International Finance Tec City (GIFT City) to conduct transactions in offshore renminbi (CNH).GIFT City operates as a global financial services hub, serving…
