Business & Economy

New Delhi / Washington D.C.: U.S. President Donald Trump has been aggressively implementing global tariffs, but his policies now face a crucial legal test. The U.S. Supreme Court is expected to deliver a verdict on January 14 regarding the legality of Trump’s tariffs. If the ruling goes against him, Trump has reportedly prepared a “Game 2 Plan” to continue his tariff agenda. Trump Warns of Financial FalloutOn Monday, Trump cautioned that a Supreme Court decision invalidating his global tariffs could cause massive financial losses for the United States. Posting on his social media platform Truth Social, he wrote, “If the Supreme Court rules against this critical national security measure, we will be devastated!” The tariffs, challenged as a potential overreach of presidential authority, ...

New Delhi: Google’s parent company, Alphabet Inc., has officially crossed the $4 trillion market capitalization mark, joining an elite club of just four companies worldwide to reach this milestone. On Monday, Alphabet shares rose over 1%, pushing the company’s market value to $4.016 trillion. Alphabet Enters the $4 Trillion ClubAlphabet is now the fourth company globally to surpass the $4 trillion threshold, following Nvidia, Apple, and Microsoft. Nvidia, a leading AI chipmaker, currently tops the list with a market value of $4.502 trillion. However, concerns over an AI bubble have recently affected Nvidia’s stock price. Alphabet ranks second, with Apple at $3.845 trillion in third place and Microsoft at $3.546 trillion in fourth. Global Top 10 CompaniesOther leading companies in the...

Mumbai: As 2026 begins, global investors appear to be steering away from India, despite the country being one of the world’s key emerging markets. So far this fiscal year, foreign institutional investors (FIIs) have net sold ₹1.6 lakh crore in Indian equities, raising questions about the reasons behind this pronounced pullback. India Losing Its AppealWhile investors from the U.S. and Taiwan have shifted capital toward AI-focused opportunities and other emerging markets, India remains largely “off the preferred list.” After a challenging 2025, when India witnessed one of its weakest years for foreign inflows, FIIs pulled out substantial funds due to expensive market valuations and corporate earnings that have underperformed expectations. For perspective, the MSCI India Dollar Index tr...

New Delhi: U.S. President Donald Trump has announced a new tariff policy that could have far-reaching implications for India. Trump declared that any country trading with Iran will face a 25% tariff on trade with the United States, a move that could push India’s total tariffs to a staggering 575%. How India Is AffectedCurrently, India already faces a 50% tariff from the U.S.—half of which is reciprocal and the other half imposed as a penalty for importing crude oil from Russia. Under Trump’s latest announcement, an additional 25% tariff could apply due to India’s trade with Iran. Combined with the 50% and potential 500% tariffs linked to Russia, this could escalate India’s total trade duties with the U.S. to 575%, creating major concerns for exporters and policymakers. India-Iran Tra...

New Delhi: Troubled industrialist Anil Ambani, once counted among India’s wealthiest businessmen, is facing renewed legal challenges despite receiving interim relief from the Bombay High Court last month. Three banks have filed an appeal against the order, intensifying scrutiny over his financial dealings. Background of the CaseLast month, a single bench of the Bombay High Court restrained banks from taking action against Ambani’s accounts based on a 2020 Forensic Audit Report (FAR). The court had agreed that the FAR 2020 report violated the Reserve Bank of India’s (RBI) 2024 Master Direction on “Fraud Risk Management in Commercial Banks.” This interim relief prevented the banks from acting on the audit findings while the matter is under review. Banks Seek Urgent ReviewIn the appeal,...

New Delhi: Positive developments are underway on the India-US trade front as both countries resume discussions starting today. Sergio Gore, the newly appointed US Ambassador to India, confirmed on Monday that negotiations over the proposed trade agreement will restart, sparking optimism in Indian equity markets. The Sensex recovered from a 700-point intraday drop to close 300 points higher, signaling investor confidence in the potential deal. A Strategic Partnership Beyond TradeUpon arriving in New Delhi, Ambassador Gore adopted a constructive tone, describing India-US relations as one of the most important global partnerships of this century. While the Trump administration has expressed concerns over delays in finalizing the agreement, Gore emphasized that the bilateral relationship go...

New Delhi: The Initial Public Offering (IPO) of Bharat Coking Coal Limited (BCCL), a subsidiary of Coal India, has generated tremendous investor enthusiasm. Within just two days, the IPO has been oversubscribed 33.6 times, with retail and non-institutional investors showing exceptional interest. Today marks the final day for public subscription. The ₹1,071 crore IPO saw a massive response from investors across categories. According to NSE data, while 34,69,46,500 shares were on offer, the total bids received amounted to a staggering 11,65,79,29,200 shares. Breaking down the subscription: Non-Institutional Investors: 96.17 times Retail Individual Investors: 26.90 times Qualified Institutional Buyers (QIBs): 1.44 times The IPO was fully subscribed within minutes of openin...

New Delhi: Manas Ranjan Das of Cuttack, Odisha, is a living testament to perseverance, innovation, and unwavering determination. Despite battling Ankylosing Spondylitis—a condition that severely restricts neck movement—Manas turned his small mushroom farming venture into a thriving business, generating an annual turnover of ₹24 lakh, and inspiring hundreds of farmers across rural Odisha. Early StrugglesAfter graduating in 2000, Manas began his career as a salesman at a mobile phone store, earning a mere ₹600 per month. Over the years, he undertook multiple jobs to sustain himself. In 2016, he joined Sai Kripa College in Dhenkanal with a monthly salary of ₹10,000. During this period, he met four successful mushroom farmers from Mukutpasi village, whose guidance inspired him to explore mu...

New Delhi: Investor confidence returned to the Indian stock market around 1 PM on Monday after the new US Ambassador to India, Sergio Gore, spoke about the ongoing trade negotiations between India and the United States. The BSE Sensex, which had fallen over 700 points earlier in the day, rebounded by more than 30 points by 1:10 PM. Similarly, the Nifty 50 rose by over 35 points, reflecting renewed optimism among market participants. Ambassador Gore Signals Continuation of Talks After assuming his post in Delhi on Monday, Gore indicated that active trade discussions between India and the US are ongoing. He confirmed that the next round of negotiations is expected tomorrow, January 13, emphasizing that despite differences over tariffs and market access, both countries remain in continu...

New Delhi: The US stance on a trade deal with India appears to be softening, signaling positive developments for the ongoing negotiations between the two countries. According to Sergio Gore, the newly appointed US Ambassador to India, the next round of trade discussions is expected to begin on January 13. Gore, who took charge on Monday, emphasized that the relationship between India and the US is based on genuine friendship. Friendship Over Differences Ambassador Gore highlighted that “true friends may disagree, but they resolve their differences.” He described the ongoing trade talks as part of the strong trust-based relationship between Prime Minister Narendra Modi and US President Donald Trump. Despite existing differences over tariffs and market access, both sides are maintainin...