NEW DELHI: Ending months of uncertainty, India and US announced the finalisation of the first tranche of the trade deal early Saturday that will see Washington lower “reciprocal tariffs” on Indian exports to 18% over the next few days and New Delhi slash levies on several American imports.The India-US joint statement came with US President…
Bitcoin’s sharp decline — nearly 50% from its all-time highs reached just months ago — has reignited debate over the cryptocurrency’s stability, but hedge fund veteran Gary Bode says the selloff is a feature of the asset’s inherent volatility rather than a sign of a broader crisis. In a post on X, Bode noted that…
NEW DELHI: The announcement of an interim trade agreement between India and the US was met with warm applause from the BJP and its allies, with home minister Amit Shah saying it will give “another boost to India’s roaring growth engine”. The ruling alliance was dismissive of the opposition’s charge that the agreement harmed farmers,…
Lower duties may add speed to Harley, Jeep & Tesla‘s India ride NEW DELHI: US giants Harley Davidson, Jeep and Tesla are the likely big winners of the trade deal with govt offering concessions, without upsetting domestic industry. For Harley Davidson, Donald Trump has won concessions which his predecessors couldn’t get: Zero duty access for…
As February began, bitcoin was trading around $80,000, with whales dipping their toes in while retail investors were running for the exits. Just one week later, bitcoin plunged to $60,000 on Feb. 5, and the market is now showing a broad shift toward accumulation across nearly all cohorts as investors start to see value. This…
NEW DELHI: Dubbing the India-US trade deal interim framework as a “surrender”, Congress on Saturday said commerce minister Piyush Goyal’s statement on agri imports was “too clever by half” as the joint statement mentions a list of products which India would eliminate or reduce tariffs upon, including “additional products”.Congress MP Jairam Ramesh noted “additional products”…
NEW DELHI: The income tax department Saturday unveiled the draft income tax rules which aim to simplify tax filing and usher in ease of compliance. The new rules, which will come into effect from April 1, cover a range of issues for ordinary taxpayers and companies, with an emphasis on simplification, faceless assessments and reducing…
ADA$0.2747 founder Charles Hoskinson said he is sitting on more than $3 billion in unrealized losses during the current crypto market downturn, offering a rare look at his personal exposure during a period of sharp declines. Speaking from Tokyo in a live broadcast, Hoskinson addressed a market rattled by forced liquidations and falling prices in…
NEW DELHI: Ahead of French President Emmanuel Macron’s visit to India for the Artificial Intelligence Summit from Feb 18 to 20, the Defence Acquisition Council (DAC), chaired by defence minister Rajnath Singh, is scheduled to meet in the second week of this month to consider big-ticket defence procurement proposals, a defence source told TOI. Most…
The newly announced interim trade deal between India and the United States lays out a roadmap to deepen collaboration on the digital trade and technology front. The two nations released a joint statement on Saturday, announcing details of the interim trade agreement. “The US and India are pleased to announce that they have reached a…
