Business

March 28, 2025 6:10 PM

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RBI increases charges on ATM withdrawal beyond stipulated limit

    The Reserve Bank has permitted banks to increase charges on ATM cash withdrawals beyond the free monthly usage by  2 rupees, raising the fee to 23 rupees per transaction from 1 May. Customers are entitled to five free transactions (inclusive of financial and non-financial transactions) per month...

March 28, 2025 5:26 PM

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NITI Aayog launches second edition of “Trade Watch Quarterly”

NITI Aayog Member Arvind Virmani launched the NITI Aayog Trade Watch Quarterly Report in New Delhi today. The quarterly report has been published for the second quarter from July to September of the financial year 2025. The report highlights that India's total trade grew by 5.67 percent in April- Se...

March 27, 2025 10:22 PM

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US announces 25 % tariff on imported automobiles & parts

President Donald Trump announced a 25 percent tariff on imported automobiles and parts. It will take effect from April 2, the same day the U.S. launches its new reciprocal tariff system. The tariff will apply to all cars and trucks assembled outside the U.S. and shipped in, affecting about half of a...

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

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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 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...