tariff cuts

India has moved silver imports to a "restricted" category, requiring government approval, to prevent traders from exploiting a duty gap created by a recent 15% import tax hike. This move aims to curb arbitrage opportunities through the India-UAE free trade agreement, protect foreign exchange reserves, and control precious metal inflows, while exempting export-oriented industries.

India has significantly increased import tariffs on gold and silver to 15% from 6% to curb imports and protect foreign exchange reserves. This move follows Prime Minister Modi's appeal for citizens to avoid gold purchases for a year, aiming to narrow the trade deficit and support the rupee amid global economic pressures.

India's jewellery exports saw a significant drop in April. Geopolitical tensions in West Asia and market uncertainty impacted sales. Exports of cut and polished diamonds, lab-grown diamonds, and gold jewellery declined. However, silver jewellery exports experienced a substantial surge. This trend reflects global economic and political influences on the sector.

Eye on boosting revenue, conservation; Incentive for plumbers who report illegal connections

Tamil cinema's top brass has presented a wish list to Chief Minister Vijay, seeking tax relief, streamlined shoot permits, and robust anti-piracy measures. Producers and theatre owners are pushing for abolished local body taxes, lower electricity tariffs, and a single-window system for approvals, aiming to revitalize the industry amidst digital challenges.

The move to up the gold import duty comes days after PM Narendra Modi appeals to citizens to avoid unnecessary gold purchases for a year. But is a hike in duties an effective way to curb consumption? We take a look:

As President Trump arrives in Beijing, anticipation runs low for any breakthroughs regarding China's influence over Iran and the vital Strait of Hormuz. His agenda includes discussions on trade and the pressing issue of fentanyl, yet underlying tensions over their differing views on geopolitical conflicts threaten to overshadow these talks.

With IndiGo’s operational collapse in December, Air India’s fatal crash in Ahmedabad and SpiceJet’s engineering and salary-payment issues, US aviation regulator FAA has once again become concerned about oversight standards in Indian aviation.

Analysts are bullish on Adani Ports, Indus Tower, and Voda Idea, citing strong performance and growth prospects. Kotak Bank shows solid operating metrics, though RoE lags peers. Bharti Airtel's outlook remains positive despite potential tariff hike delays, with industry repair seen as intact.

Wall Street stocks surged on Friday, with the S&P 500 and Nasdaq nearing record highs, buoyed by stronger-than-expected US jobs data. Despite ongoing Middle East tensions and oil price concerns, positive corporate earnings from companies like Monster Beverage and Akamai Technologies also fueled the rally, indicating economic resilience.

Trump’s philosophy is often mistaken for the absence of philosophy, but absence can become a system if practised with sufficient confidence. Every problem becomes a deal, every deal becomes a performance, every performance requires a winner, and the winner, ideally before anyone checks the paperwork, is Donald Trump.