Trump’s tariff treasure: US ‘taking in so much money’ – but where is it going?
[ad_1] US President Donald Trump frequently boasts about the billions of dollars flowing into the US government’s coffers from sweeping tariffs, calling it historic, unmatched, and a windfall for the nation. But while he celebrates the surge in revenue, many are asking: Where is all that money going -and who is really paying the price?“We have a lot of money
Trump doubles tariff on India to 50% for buying Russian oil
[ad_1] U.S. President Donald Trump answers questions from reporters on August 5, 2025, in Washington. | Photo Credit: AP U.S. President Donald Trump on Wednesday (August 6, 2025) slapped an additional 25% tariff on goods coming from India as penalty for New Delhi’s continued buying of Russian oil. Mr. Trump signed an executive order imposing the additional tariff less than
MPC holds repo rate at 5.5%, maintains GDP growth at 6.5%, inflation projected at 3.1%
[ad_1] Reserve Bank of India (RBI) Governor Sanjay Malhotra delivers the Monetary Policy statement, on Wednesday. | Photo Credit: ANI The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) on Wednesday voted to maintain the policy repo rate at 5.50% and continue with its neutral stance after assessing the current and evolving macroeconomic situation. Consequently, the standing
Parliament approves Carriage of Goods by Sea Bill
[ad_1] The Parliament on Wednesday passed The Carriage of Goods by Sea Bill, 2025, with the Rajya Sabha approving it by voice vote amid the ruckus created in the upper house by the opposition MPs over the Special Intensive Revision issue. The Bill has already been cleared by the Lok Sabha. With both Houses of Parliament already having approved the
Japan-US trade agreement: Tokyo to import ‘very beautiful’ Ford F-150s; duties on Japanese car exports still unclear
[ad_1] Japan is set to begin importing Ford’s hefty F-150 pickup trucks, US President Donald Trump said on Tuesday, even as questions linger over the full scope of the countries’ trade agreement.The move comes as part of a deal announced in July, under which Japanese imports will be hit with a 15% “reciprocal” tariff, lower than the 25% previously threatened.
FSSAI tested 86,401 food samples for pesticide residues; 2.8% exceeded limits: Government
[ad_1] The Food Safety and Standards Authority of India (FSSAI) tested 86,401 food samples for pesticide residues between 2022 and 2025, the government informed the Parliament on Wednesday. In a written reply in the Rajya Sabha, Prataprao Jadhav, Union Minister of State for Health and Family Welfare, stated that “2.8 per cent samples” were found to exceed the limits. “FSSAI through its
Trump’s special envoy meets Putin in Moscow to avert new US sanctions
[ad_1] A motorcade, reportedly transporting U.S. President Donald Trump’s envoy Steve Witkoff, leaves Vnukovo Airport in Moscow, Russia August 6, 2025, in this still image taken from video | Photo Credit: YULIA MOROZOVA US President Donald Trump’s trusted foreign envoy, Steve Witkoff, met Russian President Vladimir Putin in Moscow on Wednesday in what CNN described as a last-ditch effort to
Doing very well! RBI guv says India contributing more to global economy than US
[ad_1] Reserve Bank of India governor Sanjay Malhotra on Wednesday gave a firm reply to Donald Trump’s ‘dead economy’ remark, assuring that India’s economy is “doing very well” and contributing more to global growth than the United States.Speaking to reporters at the RBI headquarters, Malhotra highlighted India’s resilience and strong performance even as Trump’s controversial remark stirred debate.“We are contributing
Delhi: PM Modi inaugurates Kartavya Bhavan at Kartavya Path
[ad_1] Prime Minister Narendra Modi on Wednesday inaugurated the Kartavya Bhavan at Kartavya Path in Delhi. PM Modi inspected the Kartavya Bhavan along with the Minister of Housing and Urban Affairs, Manohar Lal Khattar. Kartavya Bhavan-03 is part of the broader transformation of the Central Vista. It is the first among several upcoming Common Central Secretariat buildings that aim to
Uttarakhand Rains: NH-34 damaged, 100-metre stretch washed away near Gangotri; PM Modi assures support
[ad_1] Uttarakhand Rains: The Border Roads Organisation (BRO) on Wednesday, August 6 informed that roads on the NH-34 highway between Uttarkashi and Gangotri have been damaged due to continuous heavy rains in Uttarakhand. A 100-metre stretch was washed away at Papadgad and the road was blocked due to heavy debris near Dharali. The BRO is working to repair the damage despite continued rains and
Disney (DIS) earnings Q3 2025
[ad_1] A water tower stands at Walt Disney Studios on June 3, 2025 in Burbank, California. Mario Tama | Getty Images Disney reports its fiscal third-quarter earnings before the bell on Wednesday, and Wall Street will be looking for updates on the state of its streaming, TV and movies businesses, as well as its theme parks. Here is what Wall
McDonald’s (MCD) Q2 2025 earnings
[ad_1] A corporate logo for McDonald’s hangs above the door of a restaurant on Broadway in New York City on June 11, 2025. Gary Hershorn | Corbis News | Getty Images McDonald’s is expected to report its second-quarter earnings before the bell on Wednesday. Here’s what Wall Street analysts surveyed by LSEG are expecting the company to report: Earnings per
Top stocks to buy today: Stock recommendations for August 6, 2025 – check list
[ad_1] Top stocks to buy today (AI image) Stock market recommendations: According to Mehul Kothari, DVP – Technical Research, Anand Rathi Shares and Stock Brokers, GRSE, Redington, and Raymond Realty are the top stocks to buy today:GRSE – Mean Reversion + Weekly ReversalBuy near: ₹2,650–₹2,600 | Stop Loss: ₹2,300 | Target: ₹3,200After correcting from the ₹3,600 zone, the stock has
CEO training ground for the restaurant industry
[ad_1] Customers walk out of a Taco Bell and Pizza Hut restaurant during lunchtime in Los Angeles, California. Kevork Djansezian | Getty Images Looking for the next CEO for your restaurant chain? Try mining the ranks at Yum Brands. The restaurant conglomerate, which owns Pizza Hut, KFC and Taco Bell and reported quarterly results Tuesday, has supplied rival eateries with
Roku launches ad-free streaming service, Howdy, for $2.99 a month
[ad_1] A Roku remote in an arranged photograph in Hastings-on-Hudson, New York, on May 2, 2021. Bloomberg |Getty Images Roku announced Tuesday it has launched Howdy, a commercial-free streaming service that costs $2.99 a month, in a shift for the company that has long been known for free, ad-supported viewing. The streaming platform is expected to feature 10,000 hours of movie
AI is impacting the labor market, young tech workers: Goldman economist
[ad_1] A screen displays the the company logo for Goldman Sachs on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., May 7, 2025. Brendan McDermid | Reuters Changes to the American labor market brought on by the arrival of generative AI are already showing up in employment data, according to a Goldman Sachs economist.
Trump says pharma tariffs could eventually reach up to 250%
[ad_1] U.S. President Donald Trump talks to members of the press at Lehigh Valley International Airport in Allentown, Pennsylvania, U.S., August 3, 2025. Ken Cedeno | Reuters President Donald Trump told CNBC’s “Squawk Box” on Tuesday that planned tariffs on pharmaceuticals imported into the U.S. could eventually reach up to 250%, the highest rate he has threatened so far. He
Pfizer (PFE) Q2 2025 earnings report
[ad_1] Exterior view of the Pfizer headquarters building on January 29, 2023 in New York City. View Press | Corbis News | Getty Images Pfizer on Tuesday hiked its full-year adjusted profit guidance on cost cuts and its strong business performance this year. The company also reported second-quarter results that topped Wall Street’s estimates for the period, as revenue from
Gland Pharma Q1 net surges 50% to ₹216 crore
[ad_1] Gland Pharma reported consolidated net profit rose nearly 50% for the June quarter to ₹215.5 crore from the ₹143.8 crore a year earlier as revenue from all but the key U.S. market increased. The higher net profit came on a more than 7% increase in the revenue from operations to ₹1,505.6 crore (₹1,401.7 crore). Market wise performance numbers showed
Bank of Baroda unveils digital forex platform bob FxOne
[ad_1] Bank of Baroda has announced the launch of bob FxOne – a digital foreign exchange platform designed for the Bank’s corporate and MSME customers. “bob FxOne empowers customers to seamlessly execute forex and derivative transactions with real-time live rates, instant confirmations, downloadable deal tickets and a personalised dashboard with alerts, in a secure, user-friendly and cost-effective manner,” Bank of
Uttarakhand: Haridwar-Dehradun rail route disrupted after boulder falls on track; no injuries reported
[ad_1] Train operations on the Haridwar-Dehradun railway line were disrupted on Tuesday after a boulder fell onto the tracks near the Bheemgoda Tunnel in the Haridwar-Motichur section. The incident also damaged the overhead electric line, bringing rail traffic to a standstill. A major mishap, however, was averted due to a “false canopy” — a protective, cage-like iron structure installed at this
4.08 crore LPG connections blocked to curb misuse of subsidy
[ad_1] All domestic LPG cylinders are sold at non-subsidised prices and the subsidy transferred directly to the respective bank accounts under the DBTL scheme. | Photo Credit: VELANKANNI RAJ B The Direct Benefit Transfer of LPG (DBTL) of the Centre, under which domestic cooking gas subsidy is paid into the bank account of consumers has helped block, suspend or deactivate
Yum Brands (YUM) Q2 2025 earnings
[ad_1] Yum Brands on Tuesday reported quarterly earnings and revenue that missed analysts’ expectations as Pizza Hut and KFC reported U.S. same-store sales declines. Here’s what the company reported for the period ended June 30 compared with what Wall Street was expecting, based on a survey of analysts by LSEG: Earnings per share: $1.44 adjusted vs. $1.46 expected Revenue: $1.93 billion vs. $1.94
Amit Shah is now the longest serving Union Home Minister
[ad_1] Union Home Minister Amit Shah | Photo Credit: Ravi Choudhary A close confidante of Prime Minister Narendra Modi, Amit Shah has become the longest serving Union Home Minister surpassing the stint of BJP stalwart Lal Krishna Advani who occupied North Block from March 19, 1998 to May 22, 2004. At 60 years, Shah, known for his bold decision
Philippines eyeing growing participation of Indian defence industry
[ad_1] Prime Minister Narendra Modi and Philippines President Bongbong Marcos witness the Exchange of MoUs between India and the Philippines, at Hyderabad House in New Delhi on Tuesday. External Affairs Minister S Jaishankar is also seen | Photo Credit: ANI Philippines President Ferdinand Marcos Jr on Tuesday called for further co-operation of the Indian defence industry to support the military