Business

Tariff war is a ‘lose-lose game’, says NUS Professor Lawrence Loh, warning that no country stands to benefit as US President Donald Trump escalates pressure on Asian exporters. He cautions that India’s potential advantage hinges entirely on the outcome of its ongoing negotiations, and a 26% tariff could hit Indian exports if no deal is…

EPFO members can create and activate UAN using facial recognition via the Umang app from August 1, 2025, simplifying PF account management and reducing errors. Source

India Business News: Prime Minister Modi announced upcoming GST reforms aimed at easing the burden on citizens, farmers, and MSMEs. The proposed changes include a simplifi Source

China’s producer prices fell the most in nearly two years, as the country’s factory-gate deflation deepens and overshadows a modest improvement in consumer prices. Factory deflation persisted into a 33rd month, with the producer price index falling 3.6% from a year earlier, the National Bureau of Statistics said Wednesday. The decline was more than economists…

JioBlackRock Asset Management launches five new index funds in its latest NFO, offering diversified options for retail investors. Subscription open August 5-12. Source

India Business News: Prime Minister Modi unveiled an ambitious plan to achieve energy self-reliance for India, emphasizing nuclear power expansion with ten new reactors an Source

The risk aversion of formal lenders like banks stands between policy prescriptions for wider credit for micro, small, and medium enterprises and actual execution. Source

Triveni Turbines shares fell 9% intraday on weak Q1 results, with a 20% YoY decline in profit to Rs 371.3 crore. Domestic and export segments showed weakness. Source

Amazon.com Inc.’s Prime Day sales fell almost 14% in the first four hours of the event compared with the start of last year’s sale, according to Momentum Commerce, which manages 50 brands in a variety of product categories. Prime Day stretches over four days this year, up from two in 2024, making year-over-year comparisons tricky.…