Trump’s 50% tariff net caught 550+ Canadian goods US President Donald Trump has stepped up slamming Canada, claiming the US has been losing more than $60 billion a year in trade with its northern neighbour and saying Canadian businesses are returning to America to avoid tariffs while calling Ottawa a ‘trade abuser’.In a post on…
India’s television market is headed for new challenges as manufacturers face rising input costs and shifting consumer demand patterns that are beginning to affect sales momentum. Industry players are facing a sharp escalation in the cost of key components such as memory chips (RAM), alongside higher plastics prices and increased ocean freight charges. These freight…
On the sidelines of the IMF and World Bank spring meetings, Finance Minister Muhammad Aurangzeb said Pakistan remains capable of meeting its debt obligations. (AI image) With its finances severely strained, Pakistan is scrambling for options to replace the $3.5 billion facility from the United Arab Emirates and stabilise its foreign exchange reserves. The country…
NEW DELHI: Amid the global rush to secure energy supplies, Indian agencies have seen the cost of natural gas (LNG) nearly double from around $10-12 a unit before the West Asian conflict to $19-20 per metric million Btu (MMBtu) when they made purchases in the spot market this week.The spike comes in the wake of…
India’s financial conditions remained under pressure in April as elevated crude oil prices, continued foreign investor outflows and a weakening rupee tightened stress across markets amid the ongoing Middle East conflict, according to a Crisil report.The Crisil Financial Conditions Index (FCI) stood at -1.2 in April compared with -1.4 in March. The report noted that…
The Reserve Bank of India on Friday proposed an overhaul of the framework for identifying upper-layer non-banking finance companies (NBFCs), suggesting a shift to an asset-size-based criterion and inclusion of government-owned entities, PTI reported.Under the draft ‘Reserve Bank of India (Non-Banking Financial Companies’ Registration, Exemptions and Framework for Scale Based Regulation) Second Amendment Directions, 2026’,…
Sun Pharma has offered Most Favoured Nation (MFN) pricing to US Medicaid programme New Delhi: Facing the threat of potential tariffs, India’s largest drug firm, Sun Pharma has offered Most Favoured Nation (MFN) pricing to US Medicaid programme under an agreement with the Trump administration. MFN pricing typically ensures that a buyer procures at the…
Benchmark indices Sensex and Nifty ended nearly 1 per cent lower on Monday as the collapse of US-Iran negotiations triggered a surge in crude oil prices and dampened investor sentiment.The 30-share BSE Sensex tumbled 702.68 points or 0.91 per cent to settle at 76,847.57. During the day, it dived 1,681.93 points or 2.16 per cent…
Rupee slips to 95.74 against US dollar Rupee remained largely range-bound on Tuesday, but weakened 4 paise to 95.74 against the US dollar in early trade, as higher crude prices and dollar demand from importers put pressure on the currency.The currency opened at 95.74 at the interbank foreign exchange market, compared with Monday’s close of…
The Union Cabinet on Wednesday approved a package of projects and schemes worth Rs 39,290 crore, spanning aviation, highway infrastructure and transport modernisation, with the largest allocation going towards the creation of an Aviation Turbine Fuel (ATF) Price Stabilisation Fund.According to details of the Cabinet decisions, the government approved a Rs 10,000 crore ATF Price…