BUSINESS
New US Immigration Bill Puts Green Card Holders at Risk of Deportation
The US House of Representatives just approved legislation calling for the automatic deportation of illegal immigrants convicted of DUI. According to the pending law, foreigners—such as Green card holders—convicted of a DUI, even if considered a misdemeanor, would be detained and deported.
Growing Global Demand for Indian Exports May Offset Impact of US Tariffs
While the US continues to be India's leading export country, all of its major products being exported there are also being shipped to more than 15 other significant global markets during the last three financial years, the European Times reports.
SpiceJet Shares Slide Over 5% After Weak Q1 Earnings
For the quarter ended June, the airline fell into the red, logging a consolidated net loss of ₹234 crore. Standalone-wise, the loss at ₹235.08 crore was a far cry from the net profit of ₹158.18 crore logged during the same quarter of the previous year.
Indian businesses log $11.4 billion in M&A deals in August, the highest since June 2022: Report
Grant Thornton Bharat pointed out that two significant cross-border deals controlled the deal value for the month. Schneider Electric bought a 35 per cent interest in Schneider Electric India for $6.4 billion, and Tata Motors made an outbound purchase of Iveco S.P.A. for $3.8 billion. Combined, they contributed to almost 90 per cent of the aggregate M&A value.
Amid global uncertainties, gold jumps over ₹6,000 and silver rises ₹10,000 in just 30 days
The situation in Ukraine and Gaza as well as trade-related tensions induced by American President Donald Trump's tariff actions against nations like India, Brazil, and Russia have contributed to the worldwide uncertainty that has spawned the increase.
Mutual Funds Pump Rs 70,500 Crore into Equities in August, Second-Highest Ever
This is the second-highest month-wise figure ever, just behind October 2024 when equity buying had stood at an all-time high of Rs 90,770 crore.
Trump Promises ‘Significant’ Chip Tariffs Coming Soon
"We will be putting a tariff very shortly," Trump told a White House dinner of tech industry figures. "Not that high, but fairly substantial tariff.
GST Cut Expected to Boost India Inc’s Revenue by 7% Through Higher Demand: Report
The rate cuts are expected to propel consumption, which accounts for around 15 per cent of corporate revenues, says a Crisil Intelligence report that was made public on Friday.
GST Reforms Could Lead to ₹3,700 Crore Revenue Loss for Government: SBI Report
The government, on the other hand, puts the net fiscal gain of GST rate rationalization at ₹48,000 crore per annum.
GST reforms to boost textiles sector to $350 billion by 2030: Govt
Renewing its pledge, the Ministry of Textiles stated that it will continue to work in close association with exporters, artisans, entrepreneurs, and industry partners to see that these steps are implemented effectively.
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