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The closing of America

Business Standard

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April 09, 2025

Americans may suffer more than others

Global markets have calmed perceptibly after several days of turmoil, presumably because a belief has taken hold that a period of negotiations over the United States' new tariff policy is now beginning. This belief is predicated on the notion that US President Donald Trump's higher than expected tariffs are designed to be the starting point in lengthy deal-making.

Given the possibility of recession and discontent brought on by higher duties, this reasoning goes, Mr Trump almost certainly plans to cut new deals and agreements. This is what some of his allies have said in public — most notably his billionaire advisor Elon Musk, who said that the endgame should be free trade between the US and the European Union. But this might also be a misreading of Mr Trump's intentions. The President was in fact offered duty-free access to the European market for all American industrial goods by the European Commission again this week — and he turned it down, saying that the US had been "treated very badly".

FLERE HISTORIER FRA Business Standard

Business Standard

New tax rules may change how you deposit cash, pay bills, claim HRA

The Central Board of Direct Taxes has proposed several updates to PAN-quoting thresholds, employee benefits valuation, and reporting rules as part of the transition to the Income Tax Act, 2025, which is scheduled to take effect on April 1.

time to read

1 min

February 12, 2026

Business Standard

Business Standard

A mogul embedded in India's economic history

Tatyasaheb: The Story of a Bombay Entrepreneuris the biography of Vaman Shridhar Apte, also known as Vaman Seth or Tatyasaheb, written by his great-granddaughter Tejaswini Apte-Rahm.

time to read

3 mins

February 12, 2026

Business Standard

RBI looks to ban sales incentive to bank staffers from third party

Proposes refund and compensation for mis-selling, curtailing of ‘dark patterns’

time to read

3 mins

February 12, 2026

Business Standard

First cross-sector Invit in works to monetise assets

Building on the success of highway monetisation, the central government is likely to set up India’s first infrastructure investment trust (Invit) encompassing assets from across infrastructure sectors, according to multiple officials familiar with the matter.

time to read

3 mins

February 12, 2026

Business Standard

US revises fact sheet: $500 bn purchase clause softened, 'certain pulses' dropped

The White House on Thursday revised its fact sheet on the trade agreement with India, dropping references to New Delhi reducing or eliminating duties on “certain pulses” and diluting the language surrounding India's proposed $500 billion purchases from the United States (US).

time to read

2 mins

February 12, 2026

Business Standard

Augmenting mobility

Bharat Taxi will make the sector more competitive

time to read

2 mins

February 12, 2026

Business Standard

SBI beats TCS to become India's 4th-largest firm by market cap

State Bank of India (SBI) on Wednesday became the country's fourth-most valued company by market capitalisation, overtaking market leader Tata Consultancy Services (TCS).

time to read

1 min

February 12, 2026

Business Standard

Business Standard

Hoteliers fret as room rates go through the roof

Representatives from the hospitality sector, including members of hotel associations met Tourism minister Gajendra Singh Shekhawat during the last two days amid reports of skyrocketing hotel room tariffs ahead of the upcoming India AI-Impact Summit, scheduled at Bharat Mandapam here from February 16-20.

time to read

1 mins

February 12, 2026

Business Standard

Business Standard

Readying for the trade deals

With two consequential trade agreements in the bag, the received wisdom from officialdom is that India is in an economic sweet spot, or somewhere near it.

time to read

3 mins

February 12, 2026

Business Standard

Business Standard

Growth focus may keep margins under pressure for Eicher Motors

Eicher Motors posted a strong Q3FY26, with consolidated revenue growing 22.9 per cent year-on-year (Yo-Y) at %6,110 crore.

time to read

2 mins

February 12, 2026

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