US sanctions Iran: Additional 25% tariffs to have minimal impact on India, say government sources – here’s why

AI image (Picture credit: Google Gemini) India is unlikely to face any major impact from the 25 per cent tariff announced by the US President Donald Trump on countries doing business with Iran, as per government sources cited by news agency ANI, who pointed to India’s limited trade exposure with Tehran.Newly announced US tariffs are…

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Gig worker safety row: Blinkit drops ‘10-minute’ delivery claim after labour ministry flags concerns; Zepto, Swiggy may follow

Eternal-owned quick commerce platform Blinkit has removed its long-promoted “10-minute delivery” claim from all platforms, amid growing concerns over the safety and welfare of delivery workers.According to news agency PTI, the company has revised its tagline from “10,000+ products delivered in 10 minutes” to “30,000+ products delivered at your doorstep”, signalling a shift away from…

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Russian oil trade: India slips to third-largest buyer in December; imports fall after refinery cuts

India fell to third place among buyers of Russian fossil fuels in December 2025 after sharp cuts in crude oil imports by Reliance Industries and state-owned refiners, a European think tank said on Tuesday.According to data from the Centre for Research on Energy and Clean Air (CREA), India’s total imports of Russian hydrocarbons stood at…

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Budget 2026: FACSI urges tax & credit relief for MSEs; here’s why

Union budget 2026 (ANI image) The Federation of Associations of Cottage and Small Industries (FACSI) has requested the central government to provide tax, credit and regulatory relief measures for micro and small enterprises (MSEs) in the 2026-27 Union Budget, aiming to sustain growth and strengthen their role in India’s industrial ecosystem.In a pre-budget letter to…

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JP Morgan’s India expansion: Global banking giant signs mega office lease in Mumbai – rent runs in hundreds of crores!

Global financial services major JP Morgan has leased nearly 2.7 lakh sq ft of office space in Mumbai’s Powai. The deal involves rental payments of over Rs 612 crore over five years, making it one of India’s largest enterprise flexible workspace leases.The office space has been leased by JP Morgan at One Downtown Central, formerly…

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Gig workers row: No more 10-minute delivery deadline; Centre urges quick commerce players to drop time limit

NEW DELHI: Quick commerce platforms on Tuesday agreed to remove “10-minute delivery” service following the intervention of Union minister Mansukh Mandaviya over the safety of delivery partners, news agency ANI reported, citing sources.This comes after Mandaviya held discussions with officials of Blinkit, Zepto, Swiggy, and Zomato, advising them cut slack on the strict delivery time…

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Basmati trade disrupted! What Iran unrest & Trump’s 25% tariffs mean for India’s rice exports, prices – explained

IREF pointed out that Indian rice shipments to the US are already levied with a 50% duty. (AI image) India’s rice exports may bear the brunt of escalating tensions in Iran and US President Donald Trump’s latest move to impose 25% tariffs on any country doing trade with Iran. “Effective immediately, any Country doing business…

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Bharat Coking Coal IPO: What does GMP on the final day indicate & should you subscribe? What brokerages say

Bharat Coking Coal (BCCL) IPO entered its third and final day on Tuesday, continuing to attract strong investor interest. The Rs 1,071-crore issue is currently commanding a grey market premium (GMP) of Rs 11, indicating nearly 46% gains over the upper price band of Rs 23 ahead of its listing.The GMP reflects strong positive sentiment…

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Asian stocks today: Markets driven by AI-led growth; Nikkei jumps 3.4%, MSCI Asia-Pacific rises 0.8%

Representative image (AI) Asian share markets rose on Tuesday, led by a strong rally in Japanese stocks as investors bet on technology and AI-led growth. At the same time, uncertainty over the independence of the US Federal Reserve lifted gold prices and pressured the dollar.Japan’s Nikkei index surged after reopening from a holiday, jumping 3.4%…

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