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US tariffs cloud India’s manufacturing ambitions: WEF

India’s manufacturing sector faces challenges due to a 50% US tariff, impacting labor-intensive industries and oil imports from Russia. Growth expectations for South Asia have softened, while the global economy is projected to weaken by 2026 due to trade disruptions…

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India close partner of US, but Trump imposed additional tariff for purchasing Russian oil: US State Secy Rubio

US Secretary of State Marco Rubio said that President Donald Trump imposed tariffs on India for buying Russian oil. Rubio met with External Affairs Minister S Jaishankar to discuss bilateral and international issues. Both agreed to promote a free and…

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Japan’s SMBC picks up additional 4.22% stake in Yes Bank, becomes largest stakeholder

Sumitomo Mitsui Banking Corporation (SMBC) has increased its stake in Yes Bank from 20% to 24.22% through an off-market acquisition, becoming the largest shareholder. This move follows SBI’s divestment of a 13.18% stake to SMBC. Yes Bank’s credit ratings have…

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GST 2.0: Unchanged budgets with lower prices spur demand for pricier TVs, cars and apparel

Price reductions under the GST overhaul have accelerated demand for higher-end products, companies report. Sales of 55–65 inch TVs, five-star ACs, premium cars, and ₹1,000–2,500 apparel and footwear have surged, while entry-level models remain flat. Online platforms like Amazon, Flipkart,…

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Platform to track global mobility of skilled workers in works

Under this exercise, apart from skilling to meet international standards, relevant visa and mobility arrangements will be made in coordination with the external affairs ministry or through multilateral agreements based on preset guidelines to facilitate the smooth mobility of skilled…

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Donald Trump targets India for Russia’s war, threatens more tariffs

Donald Trump, addressing the UN General Assembly, criticized India and China for financially supporting Russia’s war in Ukraine through continued oil purchases. He also claimed to have stopped the conflict between India and Pakistan, a claim previously denied by New…

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News

  • 8th pay commission: Discussions with employee groups, stakeholders ongoing — Check meeting dates in July 2026 here

    The 8th pay commission is engaged in discussions with employee representatives to formulate pay recommendations, which will impact around 50 lakh central government employees and 65 lakh retired pensioners.

  • How SCSS helps senior citizens earn a ₹20,500 monthly income from ₹30 lakh savings

    Secure your retirement with SCSS, a government-backed savings scheme offering stable income for senior citizens. This article explains how a ₹30 lakh investment can generate around ₹20,500 monthly income with safety, tax benefits and predictable returns.

  • Dearness Allowance: Teachers' bodies in West Bengal welcome 20% DA hike, want another increase this year — What we know

    West Bengal has announced a 20% hike in dearness allowance for state employees and pensioners, raising it to 38% effective October 1. Teachers' organizations welcomed the decision but urged faster implementation and clearance of remaining dues.

  • The RBI just published a list of the tricks your bank plays on you

    New directions on product marketing and sales highlight practices such as bundling and hidden opt-outs, while formalizing safeguards against mis-selling.

  • Bank holiday next week: SBI, HDFC, others closed for only one day between 29 June and 5 July; check here

    UPI and bank apps allow 24/7 transactions. Banks close on specific Sundays and Saturdays, with online services available during holidays. Customers must verify local branch holiday schedules. 

  • Mumbai couple makes ₹2.2 lakh a month yet can't save: Expert explains what they could do differently

    A Mumbai couple earning ₹2.2 lakh monthly struggles to save money. The Reddit post sparked discussions on budgeting issues, with an expert suggesting clear savings plans. 

  • Micron surged 700% in a year: Is it too late to buy? How much should you allocate | What Indian investors need to know

    Micron's stock surged over 700% to $1,184, reflecting a shift from a cyclical to an AI infrastructure narrative. With significant revenues predicted and strong demand for HBM, the future hinges on sustained performance despite potential cyclical risks and varying analyst price targets.

  • ₹2 lakh a month for a normal life': Man says 'Bombay, Bangalore and Gurgaon may exhaust you'

    He listed routine expenses such as rent, groceries, fuel, Uber rides, house help, gym memberships and occasional meals out, along with a few lakh rupees spent on travel every year.

  • How SpaceX benefits as Nasdaq eases its index inclusion rules | What changed and how it impacts the investors

    SpaceX will join the Nasdaq 100 on July 7 due to amended eligibility rules, allowing quicker inclusion for newly listed companies. This change could attract $4.3 billion in passive inflows from ETFs and mutual funds, potentially boosting SpaceX's stock price significantly.

  • Section 80C: Which small savings schemes qualify for tax deduction and which don't?

    Post office small savings schemes are popular for conservative investors, offering safety, assured returns, and competitive interest rates. Here's the list of schemes that qualify for tax deduction under Section 80C.

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