M Nagaraju, Secretary, Department of Financial Services Mumbai: Govt is keeping a watch on the geopolitical situation in West Asia and is taking stock of India’s exposure in the region in case of conflict, said finance secretary M Nagaraju, while discussing external challenges facing banks and the economy. He also said that govt is looking…
Mumbai: Nearly three years after splitting from its Silicon Valley parent Sequoia Capital, Peak XV Partners (formerly Sequoia Capital India and Southeast Asia) has raised $1.3 billion for a clutch of funds to bet on startup founders building in India and the Asia-Pacific region. The capital will be deployed across three funds-India seed, India venture…
US President Donald Trump on Thursday signed a proclamation imposing a 10 per cent temporary import surcharge on most goods entering the United States, after the Supreme Court deemed the tariffs imposed on different countries “illegal”.Thereafter, invoking emergency powers under Section 122 of the Trade Act of 1974 to address what he described as “fundamental…
In a sharp rebuke to his trade agenda, US President Donald Trump lashed out at the Supreme Court of the United States on Friday after it struck down his sweeping global tariffs, calling the decision “ridiculous” and accusing some justices of undermining the country’s economic interests.In a strongly worded response, Trump said those members of…
NEW DELHI: Prime Minister Narendra Modi will hold talks with Brazilian President Luiz Inacio Lula da Silva in New Delhi on Saturday, with a focus on strengthening cooperation in critical minerals, boosting trade ties, and advancing strategic supply chain partnerships. The visit comes amid India’s push to reduce dependence on China, which dominates global rare…
NEW DELHI: India will pay a 10 per cent tariff “until another authority is invoked,” the White House said on Friday, after US President Donald Trump signed an executive order imposing a 10 per cent tariff on imports from all countries, news agency ANI reported.This comes after the US Supreme Court delivered a stunning rebuke…
Mumbai: Minutes of the Feb 4-6 meeting of Reserve Bank of India‘s Monetary Policy Committee (MPC) indicate the panel kept policy repo rate unchanged because growth is strengthening and inflation is benign, signalling a pause in easing with scope for future cuts if data permits.Comments of the rate-setting panel show broad agreement that the current…
The US Supreme Court on Friday struck down many tariffs imposed by Donald Trump, ruling that a key emergency law he relied on does not give presidents the authority to impose such duties. The 6–3 decision was a major defeat for Trump and a relatively rare instance of the court checking his efforts in a…
New Delhi: Swiss drug firm Novartis will sell its entire stake of nearly 71% in its listed Indian subsidiary for about Rs 1,446 crore to a clutch of private equity investors, led by ChrysCapital. The exit comes two years after the parent began a strategic review of its Indian subsidiary, including assessing its stake in…
Qualcomm and Tata Electronics partner to manufacture automotive modules in India New Delhi: Tata Electronics has joined Qualcomm Technologies’ global network of module manufacturing partners to produce advanced automotive module products in India, securing a key anchor customer for its upcoming $3 billion semiconductor assembly and test (OSAT) facility in Jagiroad in Assam. Through its…