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India informs WTO of tariff plan to counter US duties on steel

May 13, 2025

New Delhi, May 13 (IANS) India has informed the World Trade Organisation (WTO) that it proposes to impose retaliatory tariffs on select American goods, to counter the duties on Indian steel and aluminium exports levied by the US as safeguard duties. According to a WTO communication, these US safeguard measures would impact $7.6 billion worth of…

South Korean ICT minister to visit US for GPU cooperation talks

May 13, 2025

Seoul, May 13 (IANS) South Korean Minister of Science and ICT Yoo Sang-im will visit the United States later this week to discuss ways to expand cooperation with Nvidia in securing advanced graphic processing units (GPUs), the ministry said…

Business

Paytm sees large trade order involving 1.7 crore shares, stock falls marginally

May 13, 2025

Mumbai, May 13 (IANS) Shares of One97 Communications Ltd, the parent company of Paytm, declined marginally on Tuesday after stock worth Rs 2,380 crore changed hands in multiple large trade order involving 1.7 crore shares.While the buyers…

Business

Seoul’s industrial output, retail sales decline in Q1 this year

May 13, 2025

Seoul, May 13 (IANS) Industrial output and retail sales in Seoul declined from a year earlier in the first quarter of this year, while the city's service sector remained relatively strong despite the broader economic slowdown, government…

Business

Indian rupee opens stronger against US dollar

May 13, 2025

Mumbai, May 13 (IANS) The Indian rupee opened 75 paise stronger at 84.65 against the US dollar on Tuesday, following its previous close at 85.38 a dollar.The trading range for the day was expected to be between 84.50 and 85.25, according to…

Business

Sensex, Nifty open lower as Infosys and Zomato drag

May 13, 2025

Mumbai, May 13 (IANS) Indian equity indices opened in the red on Tuesday as heavyweights like Infosys, Eternal (Zomato) and Kotak Mahindra Bank were top losers in the BSE benchmark.At around 9:25 am, Sensex was down 444 points or 0.54 per…

Business

SECI chief terminated after allowing Anil Ambani’s Reliance Power to bid with fake documents:…

May 13, 2025

New Delhi, May 13 (IANS) The Central government’s abrupt termination of RP Gupta, Chairman and Managing Director of the Solar Energy Corporation of India (SECI), stems from serious irregularities involving Anil Ambani-owned Reliance Power,…

Business

US stocks soar as tariff truce with China sparks global market rally

May 12, 2025

New Delhi, May 12 (IANS) Wall Street kicked off the week with a powerful surge on Monday, as major US stock indexes soared after the United States and China struck a long-awaited deal to reduce tariffs. The agreement, which aims to ease…

Business

Jaggi brothers resign from top posts at scam-hit Gensol Engineering

May 12, 2025

Mumbai, May 12 (IANS) Scam-hit Gensol Engineering Ltd informed the stock exchanges on Monday that the company’s Managing Director Anmol Singh Jaggi and his brother, whole-time Director Puneet Singh Jaggi, have resigned from their posts and,…

Business

Jyothy Labs’ Q4 net profit dips 2.4 pc as rising costs offset revenue growth

May 12, 2025

Mumbai, May 12 (IANS) Homegrown FMCG player Jyothy Labs on Monday reported a 2.4 per cent dip in consolidated net profit for the quarter ended March 2025 (Q4 FY25), as rising input and operating costs outpaced revenue gains.The company…

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