The central government on Thursday welcomed S&P Global Ratings’ decision to upgrade the country’s long-term sovereign credit rating to ‘BBB’ from ‘BBB-’ and its short-term rating to ‘A-2’ from ‘A-3’, with a Stable Outlook. The last such upgrade came in January 2007, making this the first in 18 years. S&P cited economic resilience, sustained fiscal consolidation,…
The cumulative 50 per cent tariffs imposed by US President Donald Trump on Indian goods will come into effect a fortnight from now, unless there is a breakthrough in terms of a trade deal between the two countries. In addition to a 50 per cent flat tariff on Indian goods, additional most-favoured nation (MFN) duties…
Prime Minister Narendra Modi held a phone conversation with Russian President Vladimir Putin on Friday, during which the Russian leader reportedly briefed him on the ongoing developments related to the Ukraine conflict. The discussion between the two leaders comes at a time when the United States has intensified pressure on India over its continued import…
Apple CEO Tim Cook presented a unique 24-karat gold-based glass artifact to former US President Donald Trump during a White House press conference on Wednesday. The moment preceded a major announcement — an additional $100 billion investment by Apple in US manufacturing. The one-of-a-kind gift — crafted from Apple’s own production line — was introduced by…
In the latest escalation of the tariff war, US President Donald Trump has signed an executive order imposing an additional 25 per cent tariff on India in response to its continued purchase of Russian oil, effective August 27, Zee Business reported. The move follows Trump’s earlier warning, issued just a day prior, threatening to raise…
US President Donald Trump on Tuesday said he plans to raise tariffs on India within the next 24 hours, days after announcing a 25 per cent duty starting August 7. In an interview with foreign media, Trump said the previously decided 25 per cent tariff rate will be revised upwards. “India has the highest tariffs. We do…