US senators on Tuesday unveiled a revised version of a Russia sanctions bill that seeks to pressure Moscow and its major energy buyers, including India and China, while easing some of the toughest provisions from the original proposal.The bipartisan legislation, originally championed by the late Republican Senator Lindsey Graham, aims to impose sanctions on Russian…
India Post profits cross Rs 4,000 crore The Department of Posts (DoP) recorded its highest-ever first-quarter revenue of Rs 4,008 crore in the April-June period of FY27, marking the first time India Post’s quarterly turnover has crossed the Rs 4,000-crore mark, Union communications minister Jyotiraditya Scindia said on Tuesday.The revenue rose 22.2 per cent from…
India: The import of goods produced or manufactured, wholly or in part, through the use of forced labour is prohibited. (AI image) Amid Donald Trump administration’s Section 301 probe, the government has revised the Foreign Trade Policy (FTP) to prohibit the import of goods that are produced wholly or partly through forced labour.The move comes…
Considered one of India’s most significant trade agreements in recent years, CETA will provide duty-free market access for almost 99% of Indian exports. (AI image) India-UK FTA: The India-UK Comprehensive Economic and Trade Agreement or CETA comes into effect from July 15, 2026. The landmark trade deal is set to deliver several benefits to Indian…
IBM forecast adjusted earnings per share of $2.93 for the quarter, below the analysts’ consensus estimate of $3.02. (AP photo) IBM stock price crash: IBM shares tumbled on Tuesday after the company indicated that its second-quarter revenue would likely fall short of Wall Street expectations. Based on preliminary results, IBM projected quarterly revenue of $17.2…
US stock market today (AI image) US stocks today: Wall Street traded on a more stable note on Tuesday after a US inflation report came in better than economists had anticipated, helping calm investor sentiment despite a continued surge in oil prices amid fears that the United States and Iran could slide back into a…
Trump, after threatening a renewed US naval blockade, has said that ships will be allowed safe passage via Hormuz for a 20% toll. (AP Photo) Adding to transit cost uncertainty, US President Donald Trump has proposed imposing a 20% reimbursement or toll on cargoes that are transported through the Strait of Hormuz. Traditionally, vessels have…
India’s holdings of the US Treasuries have dropped as per the latest data from US Federal Reserve. Gold has surpassed US Treasuries to become the world’s largest reserve asset – driven largely by the rise in bullion prices in recent years. But the other reality is that gold as a reserve currency, diversifier and safe…
From covered fly ash transport to a unified licence regime and stricter contractor norms, Railways has unveiled a series of reforms to improve logistics and project execution. Indian Railways on Tuesday announced a series of freight and logistics reforms, including the introduction of specialised covered containers for transporting fly ash and a unified all-India licence…
China’s exports grew much faster than expected in June, rising 27% year-on-year, driven by booming demand for artificial intelligence (AI)-related products and semiconductors, according to customs data released on Tuesday. The sharp increase exceeded economists’ expectations and marked a significant jump from the 19.4% growth recorded in May.Imports also rose strongly, climbing 36% in June,…
The data comes a day after the June Consumer Price Index (CPI) inflation numbers which breached the RBI’s target level of 4% for the first time in several months. (AI image) The impact of the US-Iran war is feeding into prices, with India’s wholesale price inflation accelerating to 9.87% in June from 9.68% in May….
The renewed US-Iran tensions are driving crude oil prices higher, putting pressure back on the rupee. (AI image) The Indian rupee is back in the red after having appreciated in recent weeks due to Reserve Bank of India’s (RBI) measures and intervention. The currency has given up most of the gains it recorded after the…
