New Delhi, Aug 6 (IANS) Top industrialist Anand Mahindra on Wednesday said that we should be moved to make our own nation greater than ever in the wake of 50 per cent tariffs the US has imposed on the country, and India should seize this moment to shape a virtuous consequence for itself.The “law of unintended consequences” seems to be operating stealthily in the prevailing tariff war unleashed by the US, according to the Mahindra & Mahindra (M&M) Chairman.”The EU may appear to have accep…

New Delhi, Aug 6 (IANS) As US President Donald Trump on Wednesday announced to impose 50 per cent tariffs on imports from India, shipments worth more than $30 billion involving pharmaceuticals and certain electronic items such as smartphones, semiconductors, and energy are so far secure from higher duties as these are still under an exemption list.India exported drugs and pharmaceuticals as well as electronics products (mostly smartphones) to the tune of $10.5 billion and $14.6 billion in FY25, …

New Delhi, Aug 6 (IANS) India on Wednesday reiterated that the latest tariff actions by US President Donald Trump are “unfair, unjustified and unreasonable”.Trump has signed an executive order imposing an additional 25 per cent tariff on imports from India, citing the country’s continued purchase of Russian oil.”We reiterate that these actions are unfair, unjustified, and unreasonable. India will take all actions necessary to protect its national interests,” an MEA spokesperson said in a state…

Washington, Aug 6 (IANS) US President Donald Trump on Wednesday signed an executive order imposing an additional 25 per cent tariff on imports from India, with the new measure set to take effect after 21 days from now.The move comes in response to what the US says is India’s continued purchase of Russian oil, which Washington claims undermines its national security and foreign policy.The fresh tariff will be added to the 25 per cent duty already announced by Trump, bringing the total levy on I…

Chennai, Aug 6 (IANS) Tamil Nadu’s Namakkal, one of India’s largest egg-producing hubs, has been hit by a sudden setback after the US imposed a 25 per cent tariff on Indian goods and on Wednesday, imposed another 25 per cent, stalling the export of eggs worth Rs 20 crore. According to industry sources, Namakkal had, for the first time, shipped a trial consignment of 1.20 crore eggs to the US earlier in June, marking a milestone for local poultry farmers.The move had generated optimism among ex…

New Delhi, Aug 6 (IANS) The Parliament on Wednesday passed two landmark maritime bills, in a first for the Shipping Ministry, paving the way for a modern, efficient and globally aligned maritime policy framework in India.While the Lok Sabha cleared The Merchant Shipping Bill, 2024, aimed at streamlining maritime governance with a modern and internationally compliant approach, the Rajya Sabha passed The Carriage of Goods by Sea Bill, 2025, replacing a century-old colonial-era law with updated leg…

Washington/New York, Aug 6 (IANS) Hours after his 24-hour deadline passed, US President Donald Trump announced on Wednesday a punitive 25 per cent tariff on India for buying Russian oil, which would raise the total tariffs on India to 50 per cent. He is singling out India for the additional tariff, even though China, Turkey, and other countries also buy Russian oil.India said it was extremely “extremely unfortunate” that the US was imposing “additional tariffs on India for actions that several o…

New Delhi, Aug 6 (IANS) The Telecom Regulatory Authority of India (TRAI) on Wednesday issued an advisory cautioning the public about a rise in cyber frauds and financial scams involving misuse of its name.According to the authority, the fraud includes impersonation of TRAI officials through calls, messages, forged documents, and fraudulent letterheads to threaten or mislead individuals and coerce them into sharing personal information or transferring money.”Any such outreach allegedly in the nam…

Mumbai, Aug 6 (IANS) Hero MotoCorp on Wednesday reported mixed earnings for the first quarter (Q1) of FY26, with revenue from operations falling 4.73 per cent to Rs 9,727.75 crore compared to Rs 10,210.79 crore in the same period previous year (Q1 FY25). Despite the dip in revenue, net profit surged 65.3 per cent to Rs 1,706 crore from Rs 1,032 crore, boosted by a one-time gain of Rs 722 crore from the dilution of its investment in associate company Ather Energy.The gain came after Ather success…

New Delhi, Aug 6 (IANS) India’s IT industry is witnessing a remarkable shift as growth expands beyond traditional metro cities, driven by the government-backed Software Technology Parks of India (STPI), the Parliament was informed on Wednesday. As of FY 2024-25, India’s software exports touched $224.4 billion, up from $136 billion in 2019, and total revenue from the IT industry stood at $282.6 billion, with the sector employing 5.8 million people, a significant rise from 4.14 million in 2019…