Business

NEW DELHI: President Donald Trump on Tuesday said India may be hit with a tariff of 20-25% – a little lower than the 26% reciprocal tariff announced in April – but cautioned that the final levy had still not been finalised as the two countries negotiate a trade deal ahead of an Aug 1 deadline.“I…

India-US trade deal: Trump’s remarks come two days ahead of the August 1, 2025 reciprocal tariff deadline. India-US trade deal: Ahead of his self-imposed tariff deadline, US President Donald Trump has said that a trade agreement with India has not yet been finalized. “India trade deal not been finalized,” said Trump. Asked whether India would…

The International Monetary Fund (IMF) has revised its forecast for India’s economic growth to 6.4% for both 2025 and 2026 — up from 6.2% and 6.3%, respectively, projected in its April 2025 World Economic Outlook — reaffirming India’s position as the world’s fastest-growing major economy. The IMF also modestly raised its global growth outlook to…

NEW DELHI: Air India has begun conducting “online yoga” classes for its crew members, including pilots who have been under severe psychological stress post the June 12 Ahmedabad crash. The Directorate General of Civil Aviation (DGCA) had soon after that accident directed major Indian carriers to hold post trauma mental health workshop for their flight…

TCS layoffs: The company’s new bench policy has left many employees concerned about their job security. (AI image) TCS layoffs: Tata Consultancy Services (TCS) announced 12,000 layoffs recently, but there are fears amongst the company employees that the sackings may exceed that number. According to an ET Prime report, TCS employees are fearful that the…

US-China trade deal: The situation with China remains the most significant unresolved matter. (AI image) US-China trade deal talks: Following discussions in Stockholm, China’s chief trade representative announced on Tuesday that China and the United States have decided to maintain their existing tariff arrangements, extending the pause.The latest negotiations between Chinese and US trade representatives…

BENGALURU: The National Company Law Tribunal (NCLT) in Ahmedabad has admitted Catalyst Trusteeship’s petition against electric‑cab operator BluSmart Mobility for defaulting on dues of about Rs 1.28 crore. The tribunal’s order initiated the corporate insolvency resolution process (CIRP) and appointed NPV Insolvency Professionals Private Ltd as the Interim Resolution Professional (IRP).BluSmart, once a high‑profile player…

Union Pacific on Tuesday announced an $85 billion proposal to acquire Norfolk Southern, a move that would create the first coast-to-coast freight railroad in the US and could potentially trigger a final wave of consolidation in the rail industry.The merger would link Union Pacific’s vast network across the western US with Norfolk Southern’s operations in…

Wall Street inched up on Tuesday with the S&P 500 and Nasdaq hitting fresh record highs, but gains were capped as investors remained cautious ahead of the Federal Reserve’s interest rate decision and the outcome of high-stakes US-China trade talks.The S&P 500 rose 0.2% in early trading, building on a six-day record streak, while the…

TCS communicated to its employees through an internal email on Saturday regarding challenges from market and economic uncertainties. (AI image) TCS layoffs: Tata Consultancy Services (TCS) has decided to stop recruitment of senior staff and freeze yearly salary increments across its global operations. This decision follows the company’s recent announcement to reduce its over 6…