New Delhi, Aug 8 (IANS) Imposition of 25 per cent penalty on goods trade with India, with a proposition of additional 25 per cent on the world’s largest democracy, can be a bad policy decision for the US and its people, an SBI Research report said on Friday.On the other hand, India — strategically protecting its sovereignty — must continue to protect its farmers from likelihood of predatory practices of select global conglomerates who may vie for a lucrative ‘Desi’ pie without investin…

Washington, Aug 8 (IANS) If a semiconductor firm commits to building its factory in the United States during President Donald Trump’s term and fulfills the commitment, its chips would not face a tariff, the commerce secretary said, a day after Trump unveiled a plan to impose about a 100 per cent tariff on chip imports.Secretary Howard Lutnick made the remarks during a Fox Business interview as South Korean tech firms, Samsung Electronics and SK hynix have been carefully watching his tariff polic…

Seoul, Aug 8 (IANS) The government has launched a task force (TF) aimed at establishing a next-generation power grid that will use artificial intelligence (AI) to improve efficiency in the power supply, the industry ministry said on Friday.The task force was formed after President Lee Jae Myung called last week for efforts to create an intelligent power grid that connects the entire nation with optimal power generation, storage and consumption, according to the Ministry of Trade, Industry and En…

Mumbai, Aug 8 (IANS) The Indian benchmark indices opened lower on Friday amid the fresh US tariff jitters, as selling was seen in the IT and financial service sectors in the early trade.At around 9.38 am, Sensex was trading 272.30 points or 0.34 per cent down at 80,350.96 while the Nifty declined 75.60 points or 0.31 per cent at 24,520.55.According to analysts, the market continues to be technically and fundamentally weak. Continuous lower lows on the Nifty is technically a weak sign. From the f…

New Delhi, Aug 7 (IANS) Atal Innovation Mission (AIM), NITI Aayog, and Bhashini, the Digital India Bhashini Division (DIBD) under the Ministry of Electronics and Information Technology (MeitY), signed a Statement of Intent (SoI) to democratise access to innovation by breaking language barriers, NITI Aayog said in a statement on Thursday. This strategic partnership aims to foster vernacular innovation and promote language inclusivity across India’s rapidly evolving innovation and entrepreneursh…

Mumbai, August 7 (IANS) Maharashtra Chief Minister Devendra Fadnavis, on Thursday, held a preliminary meeting with his Chief Economic Advisor, Praveen Pardeshi, to discuss the potential impact of the increased tariffs imposed by the US. Several department secretaries were present at the meeting.Satyanarayan Kothe from the Mumbai School of Economics and Economist Rishi Shah were also present.”During the meeting, it was agreed to initiate discussions with the Union government immediately to seek g…

Mumbai, Aug 7 (IANS) Real estate developer Signature Global on Thursday reported a sharp 43.71 per cent drop in net profit for the first quarter (Q1) of FY26, coming in at Rs 34.4 crore compared to Rs 61.1 crore in the previous quarter (Q4 FY25). The decline came even as the company witnessed strong growth in operational revenue — highlighting rising expenses and lower other income during the quarter.The revenue from operations jumped 66.33 per cent to Rs 865.6 crore in Q1 FY26, up from Rs 520….

Mumbai Aug 7 (IANS) Bombay Stock Exchange or BSE Limited on Thursday reported a strong set of numbers for the first quarter of the financial year 2025-26 (Q1 FY26) as the company’s consolidated net profit more than doubled to Rs 539.41 crore.This marked a 103.51 per cent increase compared to Rs 265.05 crore in the same quarter previous year (Q1 FY25), according to its stock exchange filing.BSE’s revenue from operations also saw a sharp jump of 59.23 per cent, rising to Rs 958.39 crore in Q1 FY…

Mumbai, Aug 7 (IANS) Process equipment manufacturer GMM Pfaudler Limited on Thursday reported a sharp decline of 53.7 per cent in its net profit for the April-June quarter (Q1) of FY26. The company’s net profit fell to Rs 10.1 crore, compared to Rs 21.8 crore in the same period previous year, according to its stock exchange filing.While profits took a hit, the company posted a modest 1.1 per cent increase in revenue from operations, reaching Rs 794 crore for the quarter.On the operational fron…

Lucknow, Aug 7 (IANS) Adani Group Chairman Gautam Adani on Thursday exhorted students of IIM Lucknow to be prepared to face a future that never unfolds as neatly as it appears in classrooms and have the courage to build new pathways to overcome unprecedented challenges to achieve success.Gautam Adani advised them to opt for conviction over caution, consequence over comfort, creation over conformity, and conscience over convenience in making their decision as leaders.”The future is messy, uncerta…