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BOK Holds Key Rate Steady amid Weak Won, Trump Tariffs
South Korea's central bank kept its benchmark interest rate unchanged on Thursday in a bid to support the wobbly currency and ensure financial stability, while adopting a cautious stance amid heightened uncertainty from the Donald Trump administration's sweeping tariff...
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California Sues Trump Administration over 'unlawful Tariffs'
California Governor Gavin Newsom has announced that the western US state which has the largest economy in the nation is suing the Trump administration over the President's sweeping "unlawful tariffs" on international trading partners."President Trump's unlawful tariffs are...
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Committed to Cooperating with Authorities: EaseMyTrip on ED Raid
After the Enforcement Directorate (ED) conducted multi-state searches, including at one of the premises of EaseMyTrip, in connection with the Mahadev online betting app-linked money laundering case, the online travel platform on Thursday said it remains committed to...
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India Likely to Outperform Global Markets Despite Uncertainties: NSE CEO
India is expected to perform better than most global markets in the coming months, even amid growing international uncertainties, Ashishkumar Chauhan, CEO and MD of the National Stock Exchange (NSE), said on Tuesday.He attributed this confidence to India's steady economic...
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Malls, Mainstreets Drive 55 PC Surge in India's Retail Leasing During Jan-March
Leasing activity in India's retail sector recorded a robust 55 per cent jump to cross 2.4 million square feet (MSF) in the January-March quarter this year across top eight cities, with both malls and mainstreets contributing to the growth, according to a report released on...
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Tariff Shock Indicates 25BPS Rate Cut, RBI Stance May Turn 'accommodative': Report
The swift shift in global sentiment, high market volatility and fear of recession amid the US tariff shock indicate a 25bps cut by the Reserve Bank of India (RBI) on April 9, with possible change in stance to "accommodative" to give directional easing bias, a report showed...
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India Ranks 3RD Highest-funded Fintech Startup Ecosystem Globally in Q1 2025
India secured the third position globally in terms of funding raised for the fintech sector in Q1 2025, following the US and the UK, a report showed on Tuesday.A majority of the funding in this space has been seen in the late-stage rounds. Late-stage funding witnessed a 47...
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South Korea Logs Current Account Surplus for 22ND Month in Feb
South Korea logged a current account surplus for the 22nd consecutive month in February on rising exports, central bank data showed on Tuesday.The country's current account surplus reached US$7.18 billion in February, following a $2.94 billion surplus the previous month,...
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US Tariffs: India's Tech Hardware Sector Likely to Gain over China, Vietnam
With China facing a 34 per cent US tariff and Vietnam 46 per cent, India's relatively lower tariff of 27 per cent may shift supply chain dynamics, helping the domestic tech hardware sector grow further, according to a new report.India's electronics manufacturing, especially...
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Sensex Opens over 1,000 Points up amid Heightened Global Uncertainty
Indian frontline indices opened in the green on Tuesday as heavyweights like Titan, Tata Steel and Adani Ports lifted the market sentiment despite global uncertainty amid US tariffs.As of 9:21 am, Sensex was up 1,169 points or 1.60 per cent at 74,307 and Nifty was up 375...
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Samsung Reports 0.15 PC Decrease in Q1 Operating Profit, Logs Strong Phone Sales
Samsung Electronics on Tuesday estimated its first-quarter operating profit edged down 0.15 percent from a year earlier but exceeded market expectations on strong sales of its new flagship smartphones.The world's biggest maker of memory chips expected an operating profit of...
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'Dreams into Reality', Says PM Modi on 10 Years of Mudra Scheme
As India marks ten years of the Pradhan Mantri Mudra Yojana (PMMY), Prime Minister Narendra Modi on Tuesday congratulated the beneficiaries, saying that the scheme has given opportunities to countless people to showcase their entrepreneurial skills and turn their dreams...
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Ten Years of Mudra Fuels Grassroots Entrepreneurship
India on Tuesday marks ten years of the Pradhan Mantri MUDRA Yojana (PMMY), the flagship programme of Prime Minister Narendra Modi aimed at funding the unfunded micro enterprises and small businesses.PMMY, under the Micro Units Development and Refinancing Agency (MUDRA),...
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FM Sitharaman to Visit London Today for Key Talks on Bilateral Investment Treaty, FTA
Finance Minister Nirmala Sitharaman will visit London for three days starting Tuesday to engage in high-level discussions on various economic matters, including a proposed free trade agreement (FTA) and a bilateral investment treaty (BIT) with the United Kingdom.The visit...
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Hitachi Energy-BHEL Get 6 GW Contract from Adani Energy Solutions' Subsidiary in India
In a bid to provide sufficient energy for nearly 60 million households, Rajasthan Part I Power Transmission Limited, a subsidiary of Adani Energy Solutions Ltd (AESL), has awarded a major contract to a consortium comprising Hitachi Energy and Bharat Heavy Electricals...
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Cost of Home-cooked Thali Declined in March: Crisil
The cost of a home-cooked vegetarian and non-vegetarian 'thali (plate)' declined 2 per cent and 5 per cent, respectively, in March 2025 compared to the previous month, according to a Crisil Intelligence report released on Monday.There was a decline in onion, potato and...
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Experts Welcome US Reciprocal Tariff Exemption on Pharma, Call to Boost Domestic Manufacturing
Industry experts on Thursday welcomed the exemption of Indian pharmaceutical exports from Trump's reciprocal tariffs while also stressing the need to strengthen domestic manufacturing.The experts cited the importance of the cost-effective and life-saving Indian generic...
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US Calculation Inflates India's Tariffs on American Goods: Bernstein
The US estimate of the tariffs imposed by India on American goods is an inflated figure because it includes non-tariff measures such as domestic taxes levied in the country, according to an analysis by leading brokerage Bernstein.Bernstein's analysis indicates that the...
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Trump's reciprocal tariffs heighten uncertainties over S. Korea-US partnership
US President Donald Trump's announcement on "reciprocal" tariffs appears to have put South Korea deeper into a soul-searching mode over its growing reliance on the United States for trade, as the protectionist move further jeopardised the fate of a bilateral free trade...
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In Symbolic Stand against Trump's Tariffs, US Senate Votes against Canada Levy
Taking a symbolic stand against President Donald Trump's tariffs, the US Senate passed a resolution against some of the levies he has announced against Canada.The resolution moved by Democrats was adopted on Wednesday with the support of four Republicans who broke ranks...
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Sensex, Nifty Open Lower as Trump Tariffs Trigger Global Sell-off
Indian equity indices opened lower on Thursday following a sharp sell-off in global markets after the US President Donald Trump announcement of reciprocal tariffs.At around 9:20 am, Sensex was down 470 points or 0.61 per cent at 76,197, and Nifty was down 105 points or 0.45...
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India Stands Less Impacted by Trump Tariffs than Global Peers: Industry
As US President Donald Trump announced reciprocal tariffs on dozens of countries, including India, industry experts said on Thursday that it appears India's export competitiveness to the US market stands far less impacted on a relative basis compared to global peers.Tariffs...
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US Tariffs on Electronics: India Emerges Favourable among Competitors
India has emerged favourably placed in the first round of reciprocal tariff announcements by the US, especially compared to key electronics export competitors like China, Vietnam, Thailand and Indonesia, following the extraordinary and relentless efforts by its negotiators...
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Bengal Illegal Firecracker Factory Blast Reveals How Stringent Norms Were Bypassed
The recent blast at an illegal firecracker factory at Patharpratima in the South 24 Parganas district of West Bengal revealed how stringent guidelines regarding the manufacturing, storage and selling of fireworks were bypassed.Investigation so far has revealed that...
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SBI, Citi Unveil $295 Million Social Loan to Empower Local Smallholder Farmers in India
State Bank of India (SBI) and Citi on Thursday announced a social loan facility of $295 million to support smallholder farmers in India.The financing is specifically directed towards smallholder farmers in India, to support them to improve their agricultural productivity,...