STATE FOR BUSINESS AND TRADE
Second-hand car prices in Delhi drop due to restrictions on end-of-life vehicles, says trade body
Second-hand car prices in Delhi have plummeted by 40-50% due to restrictions on older vehicles, according to the Chamber of Trade and Industry. Chairman Brijesh Goyal noted that nearly 60 lakh vehicles are affected, forcing traders to sell at significantly reduced prices. Demand from other states like Punjab and Uttar Pradesh is accompanied by aggressive bargaining, further impacting profits.
RIL stock rises 25% in 2025 after a year-long slump. Is this just the beginning?
Reliance Industries Limited shares are showing a strong comeback in 2025, increasing by 25 percent. Technical analysis suggests the uptrend may continue. A corporate restructuring, spinning off FMCG brands, is boosting investor confidence. Analysts recommend a buy-on-dips strategy. The stock faces resistance around Rs 1,530 but could potentially reach Rs 1,640.
Trump wants the world to squeeze out China. He's starting with Vietnam
Donald Trump's administration pushes nations to reduce reliance on China. A preliminary trade agreement between Vietnam and the United States includes tariffs. It targets Chinese goods rerouted through Vietnam.
End of tax-free loophole for low-value goods disrupts air shipments to US from China
Air cargo from Asia saw a sharp decline after the United States ended tax exemptions on small packages from China in May. Data indicates a significant drop in shipments to North America. Chinese e-commerce firms are now focusing on markets like Europe and Southeast Asia. Airlines are adjusting their routes due to reduced demand.
Stocks in news: Vedanta, RBL Bank, Bajaj Finance, RIL, Marico
Markets experienced volatility on the weekly expiry day, closing marginally lower amidst ongoing consolidation. Vedanta reported strong Q1FY26 operational performance, while Bank of Baroda saw an 11% growth in global business. RBL Bank and Bandhan Bank reported deposit growth, and Bajaj Finance's AUM increased by 25% YoY. Reliance Retail made a strategic investment in FACEGYM.
Stock Market Hours Today, July 3: What time does the US stock market open and close today?
Stock market hours today on July 3 are different from usual days. On July 3, US stock markets, including Nasdaq and NYSE, will close early at 1 p.m. Eastern. Bond markets shut at 2 p.m. Other exchange sessions will close later in the evening. Markets remain closed on July 4. Learn all about today’s trading schedule and market history around Independence Day.
- Go To Page 1
US job market sees 147,000 new jobs in June amid Trump's trade war uncertainties
The US labor market saw growth in June. It added 147,000 jobs despite trade uncertainties. The unemployment rate slightly decreased to 4.1 percent. State government and healthcare sectors experienced significant job gains. However, the federal government continued to reduce its workforce. Private sector payrolls showed a weaker increase. Economists are concerned about potential job rate increases in the coming months.
Nifty falls 182 pts from day’s high on F&O expiry; Sensex drops over 600 pts from peak
Indian equity benchmarks closed lower on Thursday due to profit-taking in financials and volatility surrounding the weekly F&O expiry, despite earlier gains. Investors are awaiting clarity on a potential U.S.-India trade deal. While broader markets showed mixed trends, the rupee strengthened, and oil prices declined amid demand concerns and potential tariff reinstatements.
What started in India is now a global standard—Walmart’s Jason Fremstad on Vriddhi program going international
Walmart aims to support at least 100,000 more MSMEs in India by the end of 2028 through its Vriddhi program.
Ford, GM, Stellantis warn Carney as Trump tariffs crush Canada auto trade
Canadian Prime Minister Mark Carney met with auto industry leaders. They discussed the impact of renewed US tariffs on Canadian vehicles. The meeting addressed declining EV sales and supply chain protection. Canada previously responded to US tariffs with retaliatory measures. Trade talks with the US are ongoing with a July 21 deadline. Failure to reach a deal risks escalating tariffs.
Expect market to open up by end of FY26: Angel One group CEO Kenghe
Angel One CEO Ambarish Kenghe expects business recovery by FY26 as regulatory and macroeconomic pressures ease. Despite a recent profit dip, the firm is diversifying beyond broking into wealth management, lending, and mutual funds. Kenghe, a tech veteran, is driving AI adoption to boost personalisation, efficiency, and customer experience across operations.
4th of July celebrations may be disrupted from next year. Courtesy Trump & China
America relies on China for its Fourth of July fireworks. Tariffs imposed by President Trump are causing concern. These tariffs could increase the cost of fireworks. This may impact celebrations like the 250th anniversary in 2026. The American Pyrotechnics Association seeks tariff exemptions. They worry about Labor Day, Christmas, and New Year's celebrations.
US trade talks: Trump makes big tariff statement again, puts ball firmly in India's court
US President Donald Trump announced that the US and India are nearing a trade deal with reduced tariffs, aiming for fair competition. Negotiations are intensifying before the July 9 deadline to avoid the reinstatement of 26% reciprocal tariffs. India is taking a firm stance on agricultural issues, seeking preferential access for its exports while resisting concessions on its dairy sector.
Amazon 'applauds' Canada's scrapping of tech tax
Amazon said Tuesday it "applauds" Canada's decision to scrap its digital services tax in order to salvage trade talks with the United States, calling it a win for the online retailer's customers.
Donald Trump drops bombshell: US is hacking China just like they are hacking us
Donald Trump stated that the US also engages in hacking China. He spoke about trade deficits and tariffs with China during a Fox News interview. Trump mentioned the arrest of Chinese nationals for carrying pathogens. He also addressed rare earth minerals and business relations. Trump compared this situation to past comments about Russia. He defended his approach to international relations.
Easing working capital under GST: Unlocking the value of accumulated ITC in GST 2.0
As India marks eight years of GST, businesses urge reforms to boost working capital efficiency. A Deloitte survey reveals growing confidence in GST, but highlights the need for changes to unlock liquidity and streamline tax credit mechanisms. Addressing challenges like unutilised ITC and complex refund processes is crucial for operational agility.
Trump admin calls India ‘strategic ally’ even as trade negotiators race against tariff deadline
US President Donald Trump has agreed to attend the next QUAD Summit in New Delhi after accepting an invite from Prime Minister Narendra Modi. White House Press Secretary Karoline Leavitt called India a “very strategic ally” and underlined Trump’s close ties with Modi. As External Affairs Minister S. Jaishankar visits the US for QUAD talks, negotiators from both sides push to seal a trade pact before fresh tariffs hit. Both sides say final hurdles remain but optimism stays high.
Trade Minister Freeland announces removal of 53 federal trade barriers as Canada moves toward “one united economy” under Carney's vision
Canada removed federal trade barriers. Chrystia Freeland announced the removal of 53 exemptions under the Canadian Free Trade Agreement. This followed the One Canadian Economy Act. The move aims to unite Canada's economy. It reduces reliance on the US amid trade disputes. Provincial exemptions remain for now. Industry groups support the modernization.
Trump Tariffs deadline could be extended? Why does September 1 Labor Day holiday 2025 hold key?
July 9 Trump Tariffs deadline is nearing and the question that arises is will there be an extension in the scheduled date.
Dear Mr Japan? Trump’s tariff letter opener sparks mockery and memes on social media
Donald Trump's recent interview sparked controversy after he addressed Japan's prime minister as "Mr. Japan" while discussing trade tariffs. This comment quickly became a meme online, drawing criticism and satire. Trump's threat of a 25% tariff on Japanese cars also faced scrutiny, considering most Japanese cars sold in the U.S. are manufactured there.
Carney bends against Trump: In surprise shift, Canada drops Digital Tax to reignite trade talks with US
Canada's government eliminated the Digital Services Tax on June 29, 2025, aiming to revive trade negotiations with the U.S. Prime Minister Mark Carney and President Trump agreed to resume discussions, targeting a deal by July 21, 2025. The move followed Trump's threat of tariffs on Canadian goods in response to the tax on U.S. tech companies.
Brace yourself: Why this could be the summer of economic hell for millions of Americans
The US economy, despite global headwinds, faces a potential turning point as US president Donald Trump's tariff pause is set to expire on July 9. Without new trade agreements, many nations could face increased tariffs, impacting prices on various goods. While China and the UK have secured deals, uncertainty looms for others.
GST @8: PwC suggests petro-products' inclusion, lowering tax slabs
A PwC India report suggests simplifying GST compliance by reducing tax slabs to three and broadening the base to include petroleum products. Launched in 2017, GST has seen average monthly collections rise significantly, but aligning with global trade dynamics requires an agile, investor-friendly framework.
Trump says he's ending trade talks with Canada over its 'egregious' tax on technology firms
President Trump announced the suspension of trade talks with Canada due to its planned digital services tax on technology firms, deeming it an attack on the U.S. He threatened tariffs within seven days, escalating trade tensions that have marked his second term. Prime Minister Carney affirmed Canada's commitment to its interests, while the U.S.
Indonesia to ease import restrictions on goods ahead of US tariff deadline
Indonesia is set to relax import restrictions on various goods and raw materials, aiming to improve its business environment. This decision comes before the U.S. tariff negotiation deadline and addresses concerns about excessive bureaucracy. The policy changes will affect commodities like fertilizers, forestry products, and plastics, creating more certainty for businesses and easing raw material imports.
Canadian Prime Minister Carney says trade talks with US resume after Canada rescinded tech tax
Canada has declared its intention to repeal taxes affecting US tech companies, aiming to facilitate a trade agreement with the United States. This decision follows President Trump's earlier cancellation of discussions with Ottawa in response to the levy. Both parties have agreed to resume negotiations, targeting a deal by July 21, 2025.
Did everyone underestimate Trump? Top economist admits President may have outfoxed critics on the economy
Donald Trump tariffs may have bigger positive picture of taxpayers in the US. Noted economist Torsten Sløk has talked about all the aspects of these duties.
Carney vs Trump: President shuts down trade talks with Canada, tariff announcement coming in 7 days
Carney vs Trump escalated on June 27, 2025, after President Donald Trump abruptly ended U.S.–Canada trade talks, following Ottawa’s announcement of a 3% Digital Services Tax on American tech firms like Google, Meta, and Amazon. Trump called it a “direct and blatant attack” and promised to announce new U.S. tariffs on Canadian imports within 7 days. He highlighted Canada’s long-standing 400% tariffs on U.S. dairy exports, signaling retaliation. With over $900 billion in U.S.–Canada trade annually, this move could trigger massive economic shifts.
Arunachal poised for industrial growth under UNNATI scheme: Minister Dukam
Arunachal Pradesh aims to become a hub for industrial growth and sustainable investment, according to Industries Minister Nyato Dukam. He encouraged investors and entrepreneurs to consider the state as a gateway to Northeast development, highlighting its strategic location and commitment to an investor-friendly environment.
Load More
