The mentha oil sector in Rampur is experiencing severe difficulties, with exporters warning of substantial financial losses due to the US’s 50 per cent import tariff on Indian goods. The situation is endangering the financial stability of numerous agricultural workers and labourers, according to PTI reports. Mentha oil serves as a crucial aromatic ingredient in…
Chief Economic Advisor (CEA) Anantha Nageswaran on Saturday said the government, along with various stakeholders, is working overtime to cushion India’s export sector from the impact of the 25% additional tariff imposed by the United States, which has raised the overall duty to 50%.Speaking virtually at an event organised by the Indian Chamber of Commerce,…
Union commerce minister Piyush Goyal said Indian businesses are in a “cosy comfort zone” created by the vast 1.4 billion-strong domestic market and need to actively explore opportunities abroad.Speaking at an industry event in Mumbai, Goyal said companies should not get carried away by any “negative narrative”, emphasising that the economy grew 7.8% in June….
Reserve Bank of India Governor Sanjay Malhotra on Saturday said India is poised to become the world’s third largest economy soon, crediting the Pradhan Mantri Jan Dhan Yojana for strengthening growth and financial inclusion.Speaking at Santripti Shivir, a financial inclusion campaign by government banks in Rangwasa village, Malhotra said the Union government and the RBI…
State Bank of India (SBI), the country’s largest lender, on Saturday said it has signed a Line of Credit agreement worth EUR 100 million with Agence Française de Développement (AFD) at its GIFT City branch in Gandhinagar to boost green financing.According to SBI, the funds raised under this partnership will support both climate mitigation projects…
US President Donald Trump (Pic credit: AP) The US federal court’s ruling over the tariff, calling it “illegal”, came as a major setback for President Donald Trump. The court said that the Republican leader overstepped his authority when he declared trade deficits and border issues as “national emergencies” to justify sweeping tariffs he imposed on…
Spirit Airlines to file for bankruptcy (Representative image) US Budget airline Spirit Airlines announced on Friday that has filed file for bankruptcy again within a year, but will maintain normal operations, ticket sales and flights.Following its initial bankruptcy filing in November, Spirit had completed a debt restructuring agreement with creditors in March, reducing its liabilities…
Zydus Wellness Ltd on Friday announced that its wholly-owned subsidiary, Alidac UK Ltd, will acquire UK-based Comfort Click for GBP 239 million, marking the company’s first international acquisition and entry into the vitamins, minerals, and supplements (VMS) segment. The deal also includes Comfort Click’s three subsidiaries in Ireland, the US, and India.Comfort Click, which operates…
Reliance Industries Ltd (RIL) on Friday announced a joint venture with social media major Meta, with an initial investment of about Rs 855 crore ($100 million), to build and scale artificial intelligence technology solutions for business organisations.RIL also unveiled a partnership with Google for artificial intelligence, aimed at setting up AI-ready data centres in India….
Gold price prediction: Intraday traders can look for buying opportunities on dips near ₹1,01,850, with a stop-loss placed at ₹1,01,450. (AI image) Gold price prediction today: Gold rates suggest a ‘buy on dips’ strategy, says Jateen Trivedi, VP Research Analyst – Commodity and Currency, LKP Securities. Here is his strategy for gold investors:Gold futures on…
