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Rupee rises 5 paise to 87.67 against US dollar in early trade

Mumbai, Aug 7 (PTI) The rupee traded in a narrow range and appreciated 5 paise to 87.67 against the US dollar in early trade on Thursday, after US President Donald Trump slapped an additional 25 per cent duty — doubling it to 50 per cent — on Indian goods over New Delhi’s continued imports of Russian oil. Forex traders said Trump’s aggressive move, which kicks in 21 days, threatens to raise total duties on select Indian exports to as high as 50 per cent — making them among the most heavily taxed US imports globally. At the interbank foreign exchange,

Tata Consultancy Services to roll-out wage hikes for about 80 pc of employees, effective Sept 1

New Delhi, Aug 7 (PTI) India’s largest IT services company Tata Consultancy Services (TCS) on Wednesday (August 6, 2025) informed employees that it will roll-out wage hikes for about 80% of workforce, covering mid to junior levels. The wage hikes come at a time when TCS is set to lay off about 12,000 employees this year. The wage hikes will be effective from September 1, TCS CHRO Milind Lakkad and CHRO Designate K Sudeep said in an email to employees on Wednesday (August 6, 2025). “We are pleased to announce a compensation revision for all eligible associates in grades upto

Gold gains as Trump doubles India tariffs, boosting safe-haven demand

Aug 7 (Reuters) – Gold rose on Thursday, supported by renewed safe-haven demand after U.S. President Donald Trump slapped an additional 25% tariff on Indian imports, escalating trade frictions. Spot gold was up 0.4% at $3,380.76 per ounce as of 0247 GMT. U.S. gold futures gained 0.3% to $3,443.30. “Trump has been dishing up fresh tariff threats which is keeping gold in the frame as a defensive play for investors,” Tim Waterer, chief market analyst at KCM Trade said. “Gold is moving towards the doorstep of the psychological $3400, with risk-assets being kept off-balance somewhat by the constant tariff proclamations

Notification for vice president’s election issued; nomination process begins

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New Delhi, Aug 7 (PTI) The Election Commission issued a notification on Thursday for the September 9 election to the vice president’s post, kickstarting the nomination process. According to the notification, August 21 is the last date for filing nominations, while the documents will be scrutinised on August 22. August 25 is the last date to withdraw from the electoral battle. The post fell vacant on July 21 following the surprise resignation of Jagdeep Dhankhar citing health reasons. Dhankhar’s tenure was to end in August 2027. According to constitutional provisions, in case of a mid-term poll, the incumbent gets a

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