New Delhi, Aug 10 (IANS) As US President Donald Trump slaps hefty tariffs on several countries including India, American agriculture and dairy companies with deep pockets and financial muscles are taking over free-wheeling global markets and aim to do the same with India, according to a new report.New Delhi has categorically said it does not make trade deals under any pressure or deadlines, and there is no chance to compromise on farmers, dairy and agriculture interests.“There is absolutely no…

Seoul, Aug 10 (IANS) South Korea’s Hyundai Motor Group ranked second globally in operating profit during the first half of this year, surpassing Germany’s Volkswagen Group, industry data showed on Sunday.The combined operating profit of Hyundai Motor Co. and Kia Corp. totaled 13.01 trillion won (US$9.35 billion) for the January-June period, reports Yonhap news agency.By comparison, Volkswagen Group, the world’s second-largest automaker by sales volume, recorded an operating profit of 6.7 billion…

New Delhi, Aug 9 (IANS) Reserve Bank of India (RBI) Deputy Governor Swaminathan Janakiraman on Saturday highlighted that true financial inclusion goes beyond expanding banking access, stressing the need to empower citizens through financial literacy.Speaking at the Indian Bank-hosted ‘Financial Inclusion Saturation’ programme, Janakiraman said programmes like Re-KYC camps help people enhance their quality of life and support the nation’s economic development in addition to making banking service…

New Delhi, Aug 9 (IANS) V. Vualnam, Secretary, Department of Expenditure (DoE), Ministry of Finance, on Saturday urged the Indian Cost Accounts Service (ICoAS) officers to embrace technology and innovation to enhance the effectiveness and efficiency of public financial management.Presiding over the Foundation Day of the Indian Cost Accounts Service here, he also appreciated the weekly training programme towards capacity building introduced by the ICoAS cadre and encouraged ICoAS officers to acti…

Colombo, Aug 9 (IANS) Economic engagement with China cannot be sustained through shortcuts or opacity, a report in Sri Lanka’s leading newspaper highlighted citing the crisis surrounding the “bold venture” with BYD to bring electric vehicles into the island nation. “When Sri Lanka announced a partnership with China’s BYD to bring electric vehicles into the country, it was heralded as a double victory: a leap toward green mobility and a symbol of deepening economic ties with Beijing. Today, that …

New Delhi, Aug 9 (IANS) Adverse weather conditions on Saturday resulted in more than 300 flights being delayed at the Indira Gandhi International Airport in the national capital which witnessed heavy rains.According to data available on the flight tracking website flightradar24.com, hundreds of flights were delayed due to rainfall accompanied by thunderstorms, lightning, and gusty winds, withEarlier, the India Meteorological Department (IMD) issued a rain alert for Delhi, warning of moderate rai…

New Delhi, Aug 9 (IANS) IT, healthcare, finance, and manufacturing are undergoing rapid AI-led transformation, creating demand for new roles such as AI imaging specialists, prompt engineers, and smart grid analysts, a report of FICCI and KPMG India said in a joint report on Saturday. The world transitions from Industry 4.0 to Industry 5.0, and India can emerge as a strategic exporter of AI talent, with countries like Germany, the UK, and the US facing acute shortages.”However, only 26.1 per cent…

Mumbai, Aug 9 (IANS) ICICI Bank on Saturday raised the minimum average balance (MAB) requirement for its savings accounts, with significant hikes for new and urban customers in metro cities.Customers of metro and urban branches must maintain a minimum average balance of Rs 50,000 under the new structure — up from the earlier limit of Rs 10,000. The change applies only to the new customers who have been acquired since August 1, 2025.Semi-urban customers are required to maintain Rs 25,000, while …

Moscow, Aug 9 (IANS) US President Donald Trump’s imposition of tariffs on India is both “unfair and unworkable”, especially when Europe remains the world’s largest importer of Russian energy in dollars and the biggest contributor to Russian revenues, a report in Britain’s leading newspaper has cited. “It’s not just Trump’s hypocrisy that has the Indians up in arms – it’s the unfairness of being punished for breaking no laws. Russian oil exports are not sanctioned by the EU or the US, but the…

Mumbai, Aug 9 (IANS) Indian bullion prices ended marginally higher this week amid global market cues and higher festive demand. By mid-week, gold prices saw a significant dip, with the price of 24-carat gold dropping by Rs 91, but the price inched up higher toward the weekend.Despite the short-term dip, gold continues to price in the broader impact of trade tariff uncertainty and dollar weakness, keeping the overall trend supported. Gold is expected to trade in a volatile range of Rs 99,000 to R…