US may not impose extra 25% tariffs on India over Russian oil, suggests Trump

New Delhi- The Donald Trump administration may hold back on imposing secondary tariffs on India for its purchase of Russian oil, with the US President indicating that Moscow has already lost a key energy customer.

Speaking to Fox News aboard…

Big Bang Reform: Finance Ministry Proposes Two-Slab GST System Following PM’s Independence Day Speech

New Delhi: The Finance Ministry has proposed a simplified two-tier Goods and Services Tax (GST) structure with “standard” and “merit” slabs, along with special rates for certain goods.

The proposal follows Prime Minister Narendra…

India’s Forex Reserves Jump $4.75 Billion to Reach $693.6 Billion

Mumbai – India’s foreign exchange reserves rose by $4.75 billion to $693.62 billion for the week ending August 8, according to RBI data released on Friday.

The steady expansion of the forex kitty reflects the country’s robust macroeconomic…

Banks to clear cheques within few hours starting October 4: RBI

Mumbai (IANS)- The Reserve Bank of India (RBI) has announced that bank cheques must be cleared within a few hours from October 4 -- down from the current clearance time of up to two working days. Under the new mechanism, the banks will scan, present…

Nifty, Sensex open higher in early trade; metal stocks lead gains

Mumbai (IANS) - The Indian benchmark indices opened higher on Wednesday, after the US inflation data raised expectations of a Federal Reserve rate cut. The BSE Sensex advanced 0.22 per cent or 179 points to 80,414 points. The Nifty 50 inched up to…

US Tariffs: Strong Corporate Health, Govt Aid Could Limit Impact on India, Says Crisil

New Delhi – India’s strong corporate balance sheets, potential new trade deals, and likely government support for affected industries could help soften the blow from higher US tariffs, according to a Crisil report released Tuesday.

Crisil noted…

Indian Rupee Gains Against US Dollar Despite Tariff Worries

New Delhi- The Indian rupee opened stronger on Monday, even as markets weighed the impact of an additional 25% tariff on Indian goods proposed by US President Donald Trump, set to take effect on August 27.

The currency’s upward move was partly…

Govt Reviews Petrol Pump Licensing Rules to Boost Efficiency, Alternative Fuels

New Delhi — The Ministry of Petroleum and Natural Gas has set up an expert committee to review the 2019 licensing norms for petrol pumps, with a focus on improving market efficiency and aligning with India’s goals for alternative fuels, decarbonisation,…

Indian Railways Launches Discounted ‘Round Trip Package’ for Festive Season Travel

New Delhi- In a bid to ease ticket booking and manage heavy passenger traffic during the upcoming festive rush, the Ministry of Railways on Saturday announced the introduction of a special ‘Round Trip Package’ offering discounted fares and rebate…

SBI Reports 12.5% Rise in Q1 Net Profit to ?19,160 Crore

Mumbai – India’s largest public sector lender, State Bank of India (SBI), on Friday reported a 12.5% year-on-year increase in net profit to ?19,160 crore for the April-June quarter (Q1 FY26), up from ?17,035 crore in the same quarter last year.