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…

Washington, Aug 6 (IANS) US President Donald Trump on Wednesday announced that he 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.The White House said the decision is aimed at strengthening measures taken under earlier sanctions against Russia following its actions in Ukraine. The US President had announced a 25 per cent tariff on India last week.The order states that India is directly or indi…

Mumbai, Aug 6 (IANS) Prestige Hospitality Ventures Limited (PHVL) has reported a 17.9 per cent drop in restated profit for the period ended December 31, 2024, as the company gears up for its initial public offering (IPO). Profit fell to Rs 67.7 crore from Rs 82.4 crore in the year-ago period (December 31, 2023), according to the draft red herring prospectus (DRHP) filed with the Securities and Exchange Board of India (SEBI).The hospitality arm of the Prestige Group saw its revenue from operation…

New Delhi, Aug 6 (IANS) A total of 110 projects related to 5G and 6G, amounting to Rs 304.70 crore, have been approved under the Telecom Technology Development Fund (TTDF) scheme till June 30, the Parliament was informed on Wednesday. The TTDF Scheme was launched on October 1, 2022 to fund Research and Development (R&D) and innovation in telecom technologies, fostering collaboration between academia, start-ups, MSMEs, research institutes, and industry to enhance the telecom ecosystem in Indi…

New Delhi, Aug 6 (IANS) The Parliament on Wednesday passed The Carriage of Goods by Sea Bill, 2025, with the Rajya Sabha approving it by voice vote amid the ruckus created in the upper house by the opposition MPs over the Special Intensive Revision issue.The Bill has already been cleared by the Lok Sabha. With both Houses of Parliament already having approved the Bill of Lading Bill, 2025, it will now be sent to the President for her assent to be promulgated as the law.Minister of State for Port…

New Delhi, Aug 6 (IANS) Union Minister of Textiles Giriraj Singh on Wednesday officially launched the book titled ‘Carbon Footprint Assessment in the Indian Handloom Sector: Methods and Case Studies’, which incorporates simple steps to measure and reduce the carbon footprint in India’s handloom industry. The book has been jointly prepared by the Office of Development Commissioner for Handlooms, Ministry of Textiles and Department of Textiles & Fibre Engineering, IIT, Delhi.An official …

New Delhi, Aug 6 (IANS) 5G smartphone shipments accounted for 87 per cent of the overall India market in the April-June quarter, marking a 20 per cent yearly increase, a report showed on Wednesday.Notably, 5G smartphones priced between Rs 8,000 and Rs 10,000 recorded over 600 per cent year-on-year growth, reflecting surging demand for affordable 5G access, according to the report by CyberMedia Research (CMR) India.India’s smartphone market grew 8 per cent year-on-year (YoY) in Q2 2025. The gro…