Business

Business

Roving Periscope: Trump’s tariff terror hits many nations, but markets resilient

August 1, 2025 revoi editor

Virendra Pandit   New Delhi: US President Donald Trump’s latest wave of import duty on exports from several trading partners, including India, Brazil, Canada, and Taiwan, on Friday slightly impacted markets on Friday as some countries tried to clinch better deals, the media reported. His new tariff rates include a 35 percent duty on many […]

Read more

Business

Trump issues executive order formalising India’s tariff at 25 percent

August 1, 2025 revoi editor

As the deadline for tariffs neared, US President Donald Trump imposed the threatened tariff of 25 percent on India starting Friday as the prolonged negotiations appeared to have stalled. His executive order, issued late Thursday, did not include penalty tariffs on buying Russian energy or for BRICS membership, which he had also threatened. When Trump […]

Read more

Business

Japanese banks’ investments in India growing stronger: Envoy

August 1, 2025 revoi editor

Japanese Ambassador to India, Ono Keiichi, on Friday said he had a detailed conversation with Reserve Bank of India (RBI) Governor Sanjay Malhotra on the expanding role of Japanese banks in India’s economy. In a post on social media platform X (formerly Twitter), the envoy highlighted that the meeting focused on the expansion of Japanese […]

Read more

Business

Indian stock markets end lower as India-US trade deal stalls

August 1, 2025 revoi editor

Indian stock markets ended in negative territory on Friday after the announcement of fresh tariffs by the United States on imports from India. The 25 per cent tariff declaration by US President Donald Trump impacted investor sentiment, leading to broad-based selling across sectors. The BSE Sensex declined by 585.67 points, or 0.72 per cent, to […]

Read more

Business

India Post Payments Bank launches Aadhaar-based face authentication for digital transactions

August 1, 2025 revoi editor

The India Post Payments Bank (IPPB) on Friday announced the nationwide rollout of Aadhaar-based face authentication for customer transactions, a move aimed at enhancing ease of access and financial inclusion for the elderly, differently-abled, and those facing biometric authentication issues. Developed under the framework of the Unique Identification Authority of India (UIDAI), the feature enables customers […]

Read more

Business

CEO Tim Cook says Apple ready to open its wallet to catch up in AI

August 1, 2025 revoi editor

Apple CEO Tim Cook signalled on Thursday the iPhone maker was ready to spend more to catch up to rivals in artificial intelligence by building more data centres or buying a larger player in the segment, a departure from a long practice of fiscal frugality. Apple has struggled to keep pace with rivals such as Microsoft and Alphabet’s Google, both of which have attracted hundreds […]

Read more

Business

Crude: With low discounts, India reducing Russian oil imports

August 1, 2025 revoi editor

Virendra Pandit   New Delhi: With US President Donald Trump slapping high tariffs left, right, and centre, and Russian discounts on crude falling, India is gradually reducing imports from Russia, indicating a calibrated move to look for other resources. Russia is the largest oil supplier to India, accounting for about 35 percent of India’s overall […]

Read more

Business

Cabinet approves ₹2,000 crore grant to NCDC; Amit Shah thanks PM Modi for strengthening cooperative sector

August 1, 2025 revoi editor

Union Home Minister and Minister of Cooperation Amit Shah, on Thursday, expressed gratitude to Prime Minister Narendra Modi after the Cabinet approved a grant assistance of ₹2,000 crore to the National Cooperative Development Corporation (NCDC) for the next four years. The grant will be disbursed at ₹500 crore per year, with the objective of boosting […]

Read more

Business

Mission Karmayogi crosses 1.26 crore users, expands digital training across govt

August 1, 2025 revoi editor

Mission Karmayogi, the central government’s ambitious civil services capacity-building programme, is witnessing robust nationwide adoption. As of July 21, over 1.26 crore govt officials across central and state levels have registered on the iGOT-Karmayogi digital learning platform. In a written reply in the Rajya Sabha, Union Minister of State Dr Jitendra Singh confirmed that all […]

Read more

Business

Manufacturing to research, India playing key role in new foldable series: Samsung

August 1, 2025 revoi editor

From local manufacturing to research and development, India has a significant role in the development of the new foldable series, JB Park, President and CEO, Samsung Southwest Asia, said on Friday. According to him, the company engineers from the Bengaluru R&D facility have contributed significantly to the development of the new Z Fold7 and the […]

Read more