Business
Govt clears 31 electronics part projects worth Rs 7,877cr
Government approves 31 more ECMS applications, attracting proposed additional investments of Rs 7,877 crore NEW DELHI: Govt has approved another 31 applications, involving proposed additional investments of Rs 7,877 crore under the Electronics Components Manufacturing Scheme, or ECMS. The projects will manufacture products, including printed circuit boards, camera modules, optical transceivers, electronic enclosures and materials…
Crude prices cross $90 as ceasefire hopes dim, Hormuz disruption weighs on supply
Crude prices surge past $90 per barrel as ceasefire hopes dim Oil prices inched higher on Tuesday, with Brent crude surging past the $90-a-barrel mark as hopes of an early end to the Middle East war remained uncertain. Iran signalled a shift towards a more offensive military approach, while US ruled out extending the ceasefire,…
Inflation will be an issue, may hike prices: Colgate
Colgate-Palmolive India signals further pricing action to offset commodity inflation. Photo credit: ANI MUMBAI: Colgate-Palmolive India on Monday signalled that the company may take more price hikes in the coming quarters to protect margins as firms across sectors continue to tackle commodity inflation triggered by the West Asia war. Inflation will be an issue, the…
India Sugar Imports: Why India is considering sugar imports as prices hit record levels
The measures are being considered as sugar prices have surged ahead of the peak festival season (representative image) India is considering a series of measures, including limited duty-free sugar imports and tighter stockholding limits for bulk traders, to boost domestic supplies and rein in record sugar prices, government and industry sources said on Tuesday, according…
What Trump’s latest safeguard tariff move on quartz surface products means for India
A large portion of Indian exports of these products already attract antidumping and countervailing duties in the US. India has approached the World Trade Organisation (WTO) over the Donald Trump administration’s move of announcing safeguard tariffs of 25% to 55% from August 15 for quartz surface products.India approached the WTO on August 14 seeking consultations…
US-Canada tariff clock ticks: Last-minute talks to avert Trump’s 50% tariffs
US and Canada hold last-minute talks to stop Trump’s 50% tariffs The United States and Canada are in a race against the clock to reach a tariff agreement before a 12:01 am Wednesday deadline imposed by US President Donald Trump.Failure to strike a deal could see Trump impose 50% tariffs on $20 billion worth of…
US stock market today: Wall Street pulls back from record highs as AI-related stocks drop
Technology shares have swung sharply this summer as investors question whether valuations have risen too far. US stock market today: Wall Street benchmarks moved further away from their record high on Tuesday as technology shares related to the artificial-intelligence boom came under renewed selling pressure.The S&P 500 declined 0.5%, putting it on course for a…
How long can the world & India absorb the US-Iran war oil shock?
Global oil stocks are under pressure, and the scale of disruption is particularly difficult to determine. The US-Iran war may have led the world to see one of the biggest oil supply disruptions in history but crude prices have largely seen a limited spike. But, for how long? The Middle East conflict is showing no…
AI coming for your money? Who keeps watch as tech becomes new financial advisor
AI is becoming a part of finance but governance has to catch up What if your next financial advisor is an AI?You could ask how much tax you owe, whether a particular investment is too risky, whether you can afford a home loan, or which financial product suits your needs.For companies, the questions get bigger:…
India’s chip story enters next phase: 5-6 semiconductor projects may go commercial by end of 2026
India’s chip story enters next phase India is likely to have five to six semiconductor projects in commercial production by the end of 2026, marking the next phase in the country’s efforts to build a semiconductor ecosystem, MeitY secretary S Krishnan said on Tuesday.Speaking at a press conference to announce the fifth edition of Semicon…