If chip firm builds US plant during Trump's term, no tariff will apply: Lutnick

IANS | August 8, 2025 9:18 AM

Washington, Aug 8 (IANS) If a semiconductor firm commits to building its factory in the United States during President Donald Trump's term and fulfills the commitment, its chips would not face a tariff, the commerce secretary said, a day after Trump unveiled a plan to impose about a 100 per cent tariff on chip imports.

Signature Global's Q1 net profit drops 44 pc

IANS | August 7, 2025 9:46 PM

Mumbai, Aug 7 (IANS) Real estate developer Signature Global on Thursday reported a sharp 43.71 per cent drop in net profit for the first quarter (Q1) of FY26, coming in at Rs 34.4 crore compared to Rs 61.1 crore in the previous quarter (Q4 FY25).

US tariff hike to impact only 4.8 per cent of India’s total exports

IANS | August 7, 2025 8:38 PM

New Delhi, Aug 7 (IANS) While US President Donald Trump has announced the imposition of 50 per cent tariffs on India's exports, this is expected to impact only 4.8 per cent of the total goods and services exports of the country worldwide, which surpassed a record $820 billion in 2024-25, according to official estimates.

India is rightly defending its national interests: Prabhash Ranjan

IANS | August 7, 2025 8:36 PM

New Delhi, Aug 7 (IANS) India has taken the right stand by choosing to defend its national interests, even in the face of growing pressure from the United States, Prabhash Ranjan, Professor at OP Jindal Global University, said on Thursday as tensions between India and Washington escalate over tariffs and trade negotiations.