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Trump administration proposes 25% tariff to punish Brazil over trade practices
Posted in Economy

Trump administration proposes 25% tariff to punish Brazil over trade practices

Washington: The Trump ​administration has proposed a ​new 25% punitive tariff ​on many imports from Brazil after determining that the country’s practices were unfair on…

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Posted in Economy

Open MSP procurement, storage to private sector: StarAgri CEO

As India seeks to modernise agricultural supply chains and strengthen food security, Amith Agarwal, Founder and CEO of StarAgri, a private agri-infrastructure company, said the…

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Sensex and Nifty have been hit hard due to the global energy crisis caused by the US-Iran war. (REUTERS File)
Posted in Business

Sensex, Nifty open in the red as US-Iran war rages on, hopes of peace dim

Indian benchmark equity indices opened lower on Tuesday, extending their recent losing streak amid persistent concerns over the ongoing conflict in the Middle East, rising…

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For representational purposes only. (REUTERS)
Posted in Business

India’s factory output grows 4.9% in April

India’s new Index of Industrial Production (IIP) series will track items such as Monazite and credit and debit cards with magnetic strips, drop products such…

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The data showed that manufacturers stepped up purchases, new orders and output at a faster pace than in April. (File)
Posted in Business

Manufacturing sector growth hits 3-month high in May

Growth in activity across India’s manufacturing sector in May came in stronger than what was suggested by Flash PMI numbers released earlier, final numbers for…

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The Union finance ministry released the data on June 1. (File)
Posted in Business

May GST collections up 3% to ₹1.94 lakh crore

The gross Goods and Services Tax (GST) revenue in May rose 3.2% year-on-year to ₹1.94 lakh crore from ₹1.88 lakh crore in the same month…

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India-US meet to resolve final ‘commas and full stops’ of bilateral trade pact

Chief negotiators from India and the United States are set to resume trade talks on Tuesday to finalise what Commerce Minister Piyush Goyal said, the…

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Posted in Startups

Japan’s MUFG readies $250 million India fund as new investors emerge with bold bets in Indian startup market

Mitsubishi UFJ Financial Group (MUFG), Japan’s largest financial group, is setting up a $250 million (about Rs 2,300-2,400 crore) India-focused fund to back early and…

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Posted in Economy

India-Oman CEPA kicks in – The Economic Times

New Delhi: The India-Oman Comprehensive Economic Partnership Agreement (CEPA), which came into effect Monday, will benefit domestic exporters of textiles, leather, plastics, marine products, automobiles,…

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Posted in Economy

Cotton prices down 3% on import duty suspension, may slide more

Pune: India’s decision to suspend 11% import duty on cotton until October has triggered an immediate reversal in the fibre’s rally, with cotton bale and…

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