The US dollar has shed all of its post-election gains from Donald Trump’s presidency, driven lower by investor fears that the latest wave of tariffs could derail global economic momentum. The US Dollar Index Futures for June 2025 traded at 101.590, down 0.20% intraday. Meanwhile, the Indian Rupee was at ₹85.15 at 11:50 AM on …
The Indian automobile industry remains unaffected by the recent reciprocal tariff measures announced by the US. According to SIAM, autos are excluded from the new tariff list, and existing exports to the US are minimal. The industry had already been dealing with earlier imposed Section 232 tariffs. As a result, no major disruptions are expected …
India is reportedly preparing to reduce import tariffs on electric vehicles (EVs) in a move that could reshape the automotive landscape. This comes amid growing pressure to finalise a bilateral trade agreement with the United States. According to a report by Reuters, the Indian government is inclined to prioritise this strategic partnership, even if it …
In a significant move aimed at encouraging vehicle owners to phase out older, polluting vehicles, the Maharashtra cabinet has approved a new tax rebate scheme. According to an official statement from the Chief Minister’s Office (CMO), vehicle owners who voluntarily scrap their old vehicles at authorised facilities will be eligible for tax concessions of up …
According to a recent news report, mutual funds offloaded equities worth over ₹16,000 crore between March 20 and 28, marking a significant shift in their investment stance. This selling spree is seen as a strategic move towards profit booking, following a sharp rally in the Indian equity markets during the first half of March. While …
As the Centre grapples with long-pending legal disputes over pension disparities for pre-2006 retirees, a new amendment via the Finance Act 2025 aims to tilt the scales—but may not be enough to stop the bleeding. Flashback to the Disparity: The 2008 OM Fallout The core of the controversy traces back to an Office Memorandum (OM) …
The Union Budget 2025 has introduced significant changes to the import duties on luxury vehicles. With a notable reduction in the Basic Customs Duty (BCD) for cars priced above $40,000 (approximately ₹35 lakh), premium brands like Mercedes-Benz are set to witness an impact on their pricing in India. But how much will this affect the …
Bajaj Finance Ltd., one of India’s leading non-banking financial companies (NBFCs), has reportedly received a “letter of displeasure” from the Reserve Bank of India (RBI) regarding its co-branded credit card operations. The central bank has raised concerns over the company’s internal controls, risk management practices, and its role in co-branding arrangements with partner banks. RBI …
Over the past decade, the Pradhan Mantri Mudra Yojana (PMMY) has played a crucial role in providing financial support to small and micro enterprises across India. A recent report by the State Bank of India (SBI) highlights how the distribution of MUDRA loans has evolved, particularly in states with historically lower financial inclusion. The findings …
The Securities and Exchange Board of India (SEBI) has imposed a penalty of ₹5.2 crore on stockbroker OPG Securities and its directors in connection with the National Stock Exchange (NSE) co-location matter. The case relates to unfair access to NSE’s secondary market servers. Breakdown of Penalty SEBI issued a ₹5 crore fine on OPG Securities …
