Business

March 27, 2025 5:54 PM March 27, 2025 5:54 PM

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Rupee depreciates by 9 paise against US dollar

In the Forex market, the rupee today depreciated by 9 paise to close at 85 rupees and 78 paise against the US dollar as the latest US auto tariffs pushed the Dollar Index higher, along with rising crude oil prices. The dollar index, which indicates the US dollar's strength against a basket of six ot...

March 27, 2025 1:34 PM March 27, 2025 1:34 PM

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India achieves significant milestone in global tea industry, becomes world’s 2nd-largest exporter of tea in 2024

India has achieved a significant milestone in the global tea industry, surpassing Sri Lanka to become the world's second-largest exporter of tea in 2024. According to data compiled by the Tea Board of India, the country exported an impressive 255 million kilograms of tea last year, marking a substan...

March 27, 2025 9:42 AM March 27, 2025 9:42 AM

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India and US are holding very active and intense discussions on trade: S Jaishankar

External Affairs Minister S Jaishankar has said, India and the US are holding very active and intense discussions on trade. He added that New Delhi is also looking at boosting its energy ties with the US and making sure that there's a stable, reasonable, predictable energy environment that is someth...

March 27, 2025 9:08 AM March 27, 2025 9:08 AM

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US President Donald Trump declares 25% tariff on all imported vehicles entering US

US President Donald Trump has declared a 25% tariff on all imported vehicles entering the United States. The new import taxes will go into effect on April 2, the same date he plans to announce reciprocal tariffs aimed at the countries responsible for the bulk of the U.S. trade deficit. The wide-rang...

March 27, 2025 5:57 PM March 27, 2025 5:57 PM

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US stocks ended low

US stocks ended lower yesterday. The Nasdaq Composite fell over two percent, S&P 500 was down 1.12 percent, and the Dow Jones Industrial Average ended 0.31 percent down. Shares of global automakers also took a dive today after US President Donald Trump announced a 25 per cent tariff on cars that...

March 25, 2025 6:25 PM March 25, 2025 6:25 PM

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Oil Prices Rise Amid US Tariff Threat on Venezuelan Crude Buyers

Oil prices witnessed an uptick today on expectations of tightening global supply after the US threatened tariffs on countries that buy Venezuelan crude oil and gas. Brent Crude was trading over 0.7 per cent up at 73 dollars and 54 cents per barrel. WTI Crude was also trading over 0.7 per cent up at ...

March 25, 2025 6:20 PM March 25, 2025 6:20 PM

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Asian Markets Mixed, European Stocks Gain

Major Asian stocks displayed a mixed trend today. Hong Kong's Hang Seng declined 2.4 percent, South Korea's Kospi fell over 0.6 percent, and China's Shanghai Composite index ended flat. Conversely, Singapore's Straits Times index and Japan's Nikkei both added 0.46 percent each. Major European indice...

March 25, 2025 4:34 PM March 25, 2025 4:34 PM

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Sensex, Nifty Extend Gains for 7th Day Amid Volatile Trade

The benchmark domestic equity indices ended nearly flat in a volatile trade today but managed to settle in positive territory for the seventh consecutive session. The 30-share index at the Bombay Stock Exchange, Sensex, rose marginally by 33 points to close at 78,017. The National Stock Exchange Nif...

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