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India will reportedly reduce its Russian oil imports following the deal with the US, who has agreed to cut trade tariffs in exchange. US President Donald Trump signed an order removing the additional 25 per cent duty on Indian imports after India promised to decrease Russian oil purchases. While refiners haven’t received official orders to…
Driving the newsIndia has committed to significantly scale up purchases of US petroleum, defence systems, and commercial aircraft under a newly announced trade deal that US President Donald Trump framed as a tariff-slashing, $500 billion boost for American exports.Trump unveiled the agreement on Monday, saying the US would lower tariffs on Indian goods from 50%…
India will restrict crude oil purchases from Russia and limit imports only to cases where supplies are irreplaceable, as part of a broader understanding reached with the United States to secure lower trade tariffs, sources quoted by news agency PTI claimed.While no immediate blanket ban is planned, Indian refiners will not place fresh orders for…
With global banks, broker-dealers and capital markets players weighing India as an offshore financial base, Deloitte has urged the government to use Budget 2026 to have parity rulesa among players, remove tax asymmetries and compliance frictions that are limiting the scale-up of IFSC GIFT City as a full-service international BFSI hub.According to Deloitte, the International…
While gold carries immense emotional and cultural significance, in its idle form it contributes little to economic activity. (AI image) By Shaji VargheseIndia stands at a pivotal juncture where inclusive growth must extend beyond metros to Tier-2, Tier-3, and rural economies. One powerful yet underutilised lever in this journey is household gold. In recent years,…
Full Scale Of Indore Tragedy Comes To Fore INDORE: The Madhya Pradesh govt late on Tuesday admitted to 15 deaths due to diarrhoea outbreak in Indore. The death figures were revealed in a study conducted by the state govt.Indore divisional commissioner Sudam Khade told TOI, “As many as 15 deaths were linked to diarrhoea and…
Doctors often prescribe semaglutide to help people manage type 2 diabetes or drop extra weight. Lately, though, its knack for shielding the heart has cardiologists buzzing. A deep dive into the SELECT trial reveals benefits that show up fast and stick around, even if the scale barely budges. This shift could change how we tackle…
In 2024-25, dividend earnings touched an all-time high of Rs 74,129 crore, far surpassing the budget estimate of Rs 56,260 crore. (AI image) Budget 2026: Dividend inflows to the exchequer from non-financial central public sector enterprises and firms in which the government holds minority stakes are expected to surpass the budgeted estimate for the fifth…
Facebook-parent Meta has announced the acquisition of artificial intelligence startup Manus which has Chinese roots. As reported by Financial Times, Meta has made its third largest acquisition deal after WhatsApp and ScaleAI. This move of the company underscores CEO Mark Zuckerberg’s aggressive push into advanced AI as the company is racing to compete against Google…
Ambuja Cements has moved to consolidate the Adani Group’s cement assets by approving schemes to merge ACC and Orient Cement into itself, creating a single listed platform aimed at sharper operating leverage and cost synergies.The transaction is entirely share-based, with no cash payout. ACC shareholders will receive 328 Ambuja shares of face value Rs 2…
