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US TikTok users get bombarded with Chinese influencer videos mocking tariffs

Published on Apr 15, 2025 07:20 AM IST

These videos are mostly filmed at Chinese factories purporting to supply top US brands from Lululemon Athletica to Nike.

In this photo illustration, the social media application logo, TikTok is displayed on the screen of an iPhone on an American flag background on August 3, 2020 in Arlington, Virginia.(AFP)
Bloomberg |

India’s crude import price falls below $70 per barrel, a first since August 2021

Lower crude oil import prices have raised hopes for lower petrol and diesel rates, enhancing macroeconomic stability amid global price declines.

Oil tanker trucks outside an oil refinery operated by Bharat Petroleum Corp. Ltd., in Mumbai, India, on Friday, April 4, 2025. Indian refiners have rushed back to the market to seek crude supply after President Donald Trump's threat of more penalties against Russia raised concerns over potential disruptions to oil flows.(Bloomberg file)
Updated on Apr 15, 2025 06:03 AM IST
ByRajeev Jayaswal, New Delhi

FIR against OYO, founder Ritesh Agarwal in Jaipur over fake bookings: Report

The FIR, which was filed at Jaipur's Ashok Nagar police station, was based on a complaint by Madan Jain of Samskara Resorts

The FIR reportedly names Oravel Stays Private Limited or OYO, as well as Ritesh Agarwal.(Bloomberg)
Published on Apr 14, 2025 09:50 PM IST

Dr Reddy's to cut workforce by 25%; high-salaried workers to be impacted: Report

The cost-cutting drive has reportedly not spared long-timers as employees in the 50-55 age group.

The cost-cutting drive is likely to impact the Research & Development (R&D) division the most. (iStock)
Published on Apr 14, 2025 04:05 PM IST

Bank of Maharashtra slashes retail loan rates by 25 bps after RBI cuts repo rate

The bank's repo-linked lending rate (RLLR) has now been reduced from 9.05 per cent to 8.80 per cent.

The Reserve Bank of India (RBI) on Wednesday slashed key interest rates by 25 basis points for the second time in a row to support growth facing the threat of reciprocal tariffs by the US.(Bloomberg)
Published on Apr 14, 2025 02:10 PM IST
PTI |

GST dept probing if restaurants escaped taxes on packaging charges: Report

Several eateries on food aggregator platforms like Zomato received summons from the department asking details of GST on packaging charges since Jan 1, 2022.

This comes after the tax office had previously stepped in to recover GST on 'food and delivery' charges(Unsplash)
Published on Apr 14, 2025 01:36 PM IST

India, US may strike deal on medical devices for generics

The US has raised specific tariff and non-tariff issues related to exports of its pharmaceutical products and medical devices in the Indian market

While the US levies zero duty on most pharmaceuticals, American drugs attract 0-10% tariff in India. (REUTERS FILE PHOTO)
Published on Apr 14, 2025 01:35 PM IST
ByRajeev Jayaswal

India preparing to ship 40,000 tonnes of shrimp to US after Trump's tariff pause

About 2,000 containers of shrimp that had been delayed are now being readied for export following Trump's April 9 decision to pause the higher tariffs.

US President Donald Trump holds a chart next to US Secretary of Commerce Howard Lutnick as Trump delivers remarks on tariffs in the Rose Garden at the White House in Washington on April 2.(Reuters)
Published on Apr 14, 2025 01:35 PM IST
PTI |

Pratt & Whitney names Ashish Saraf as vice president and India head

Saraf will lead all strategic growth and transformation efforts in India, the company said in a statement.

In this file photo an inspector for Pritt and Whitney engines, checks a United Airlines Boeing 777 after it made its inaugural flight from Heathrow Airport in London to Dulles International Airport, in Herndon, Virginia, near Washington on June 7, 1995.(Jawal A. Wilson/AFP)
Updated on Apr 14, 2025 01:34 PM IST
PTI |

Amid trade war, Tim Cook clarifies why Apple manufactures in China in old video

Apple CEO Tim Cook says China's skilled workforce and advanced infrastructure, not cheap labour, are the real reasons behind Apple’s manufacturing decisions.

The viral video shows Cook challenging the common belief that companies choose China for cheap labour.(X/@Nigel__DSouza)
Published on Apr 14, 2025 12:43 PM IST
BySimran Singh

Xi Jinping says, 'no winners' in a tariff war as he visits Southeast Asia

Although Trump has paused some tariffs, China was the outlier, as he has kept in place 145% tariffs on the world's second-largest economy.

Chinese President Xi Jinping waves as he arrives for a two-day state visit, at Hanoi's Noi Bai International Airport, Vietnam, April 14, 2025.(Athit Perawongmetha/Reuters)
Published on Apr 14, 2025 12:42 PM IST
AP |

The Trump family is now going all-in on crypto projects | Full details here

US President Donald Trump and his family have taken a interest in just about every corner of the crypto industry.

Taken together, the various projects are approaching $1 billion in paper gains even after accounting for the latest round of trade war-induced market gyrations.(AFP)
Published on Apr 14, 2025 12:25 PM IST
Bloomberg |

TCS looks to hire 42,000 trainees this year: Report

The headcount of TCS was 607,979 at the end of 2024-25, which is a net increase of only about 6,433 employees from the previous year.

Some analysts felt that the demand cycle didn't warrant employee interventions out of cycle.(Bloomberg)
Published on Apr 14, 2025 12:09 PM IST

Gold prices ease from record high after Donald Trump's tariff exemptions

Trump had however, said on Sunday that the exclusion of smartphones and computers from his reciprocal tariffs on China will be short-lived.

This is because non-yielding gold has traditionally been viewed as a hedge against economic uncertainty and inflation.(Representative Image)
Published on Apr 14, 2025 12:08 PM IST

US-China tariff tussle gives India chance to rewire global tech manufacturing

India is finding traction to position itself as a tech manufacturing hub that's attractive to global tech companies

US President Donald Trump holds a chart next to US Secretary of Commerce Howard Lutnick as Trump delivers remarks on tariffs in the Rose Garden at the White House in Washington on April 2.(REUTERS)
Updated on Apr 14, 2025 04:34 PM IST

Meta to face its biggest trial yet, may lose control of WhatsApp, Instagram

Meta faces a six-year FTC antitrust trial, alleging it eliminated competition through acquisitions of Facebook, Instagram, and WhatsApp.

Mark Zuckerberg attends the 2025 Breakthrough Prize ceremony in Santa Monica, Californi.(REUTERS)
Updated on Apr 14, 2025 10:28 AM IST

Canadians Are Cashing Out Their American Vacation Homes

Political uncertainty, coupled with a weak Canadian dollar, is driving owners to sell properties they’ve had for decades.

Canadians Are Cashing Out Their American Vacation Homes
Published on Apr 14, 2025 10:08 AM IST
WSJ

Stock market to remain closed today over Ambedkar Jayanti | Full holiday list

Ambedkar Jayanti is a national holiday which is widely celebrated across India with large public gatherings, processions, and community events.

People walk past the Bombay Stock Exchange (BSE) building in Mumbai, India, March 9, 2020(Francis Mascarenhas/Reuters)
Published on Apr 14, 2025 09:26 AM IST

Are banks open on April 14, Ambedkar Jayanti 2025? Full bank holiday list

Ambedkar Jayanti is among several other bank holidays in April 2025, including Good Friday, Bohag Bihu, Basava Jayanti, and Akshaya Tritiya.

Each electoral bond is imprinted with a unique serial number that can assist in tracking the issuance and redemption of bonds.(File)
Updated on Apr 14, 2025 09:36 AM IST

Ambedkar Jayanti 2025: Are banks open today? What's open, closed on April 14

Since Ambedkar Jayanti is a national holiday as per the central government, many services as well as institutions will remain closed.

Rajiv Gandhi Sealink(Bandra Worli Sealink) illuminated with Dr Babasaheb Ambedkar Protraist and Indian Parliament , on the eve of Dr Ambedkar Jayanti at Chaityabhoomi, Dadar Chowpahtty, in Mumbai, India, on Sunday, April 13, 2025.(Anshuman Poyrekar/Hindustan Times)
Updated on Apr 14, 2025 08:25 AM IST

Goldman cuts targets on China stocks again this month over trade tensions

Strategists at Goldman Sachs cut their targets for key Chinese stock indexes for a second time this month, citing heightened trade tensions with the US.

The logo for Goldman Sachs is seen.(Reuters)
Published on Apr 14, 2025 08:06 AM IST
Bloomberg |

Are stock markets open on Monday, April 14? Details here

Trading in the Currency Derivatives Segment will remain suspended on Monday, April 14, 2025, and Friday, April 18, 2025.

Pedestrians walk past the Bombay Stock Exchange (BSE) building in Mumbai on April 7, 2025.(AFP)
Updated on Apr 13, 2025 12:18 PM IST

Ambedkar Jayanti holiday: Are Delhi schools, banks, offices closed on April 14?

Ambedkar Jayanti holiday: All government departments and schools in Delhi will remain closed on April 14, while essential services will continue to operate.

 An artist gives the final touch to a statue of Dr. Bhimrao Ramji Ambedkar ahead of Ambedkar Jayanti, at a workshop in Nagpur on Saturday.(Chandrakant Paddhane)
Updated on Apr 13, 2025 01:13 PM IST

Apple was on brink of a major crisis before tariff concession from Trump

Apple received a reprieve from President Trump's tariffs on consumer electronics, exempting key products like iPhones and Macs.

The iPhone is Apple’s biggest moneymaker, and about 87% of them are produced in China.(AP File)
Updated on Apr 13, 2025 10:06 AM IST
Bloomberg |

EU trade deal talks: Piyush Goyal lashes out at non-trade barriers in EU

India and EU resumed the FTA negotiations in June 2022 after a gap of nine years.Since then, they have finished nine rounds of negotiation

Union commerce and industry minister Piyush Goyal (ANI)
Published on Apr 12, 2025 10:38 AM IST
ByRajeev Jayaswal

Beijing moves to soothe India over $100 billion trade deficit

China has sent feelers on addressing India’s concerns on the trade deficit through higher imports of Indian goods by removing tariff and non-tariff barriers

Shipping containers are seen at a port in Nanjing, in eastern China's Jiangsu province on April 8. (AFP)
Updated on Apr 12, 2025 01:02 PM IST
ByRajeev Jayaswal,

Are banks open or closed today, April 12? Check details here

April 12, the second Saturday, is a bank holiday under the Negotiable Instruments Act; services like cheque and note transactions will be unavailable.

Since April 12 falls on the second Saturday, banking services will be unavailable.(File)
Updated on Apr 12, 2025 09:41 AM IST

Dabur Hajmola an ayurvedic medicine or candy? GST body to review classification

Dabur claimed that Hajmola candy is an ayurvedic medicine and not a “regular sugar-boiled candy”

In the pre-GST regime, Dabur had faced a similar classification challenge where the Supreme Court ruled in its favour, stating that Hajmola candy is an ayurvedic medicine and not a confectionery item.(Mint File)
Updated on Apr 12, 2025 09:21 AM IST

Terms finalised, US-India drill down on sectors for trade deal

The US and India are engaged in virtual talks for a trade agreement aiming to boost trade from $200B to $500B by 2030, with initial outcomes expected soon

The ToRs are “broad-based” giving “wide scope” to both parties to negotiate an “ambitious, mutually beneficial, multi-sector BTA” (bilateral trade agreement) that would help to enhance the two-way trade to $500 billion by 2030 from the current level of about $200 billion.(AFP FILE)
Updated on Apr 12, 2025 07:18 AM IST
ByRajeev Jayaswal, New Delhi

US senators urge insider trading probe into Trump after stock market surge

The senators urged the regulator to probe whether Trump, his donors or other insiders had engaged in market manipulation and insider trading

US President Donald Trump during a cabinet meeting at the White House.(Bloomberg)
Updated on Apr 12, 2025 05:16 AM IST
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