[
Business
]These brands may become costlier in Canada due to Trump's tariff war
Updated on Feb 03, 2025 03:35 PM IST
After US President Donald Trump imposed a 25% tariff on goods from Canada, Canadian Prime Minister Justin Trudeau announced 25% retaliatory tariffs
![Canada's Prime Minister Justin Trudeau addresses media following the imposition of a raft of tariffs by US President Donald Trump against Canada, Mexico and China in Ottawa on Feb. 1, 2025.(AP) Canada's Prime Minister Justin Trudeau addresses media following the imposition of a raft of tariffs by US President Donald Trump against Canada, Mexico and China in Ottawa on Feb. 1, 2025.(AP)](jpg/canada-trudeau-us-trump-tariffs-0_1738469731621_1738572973202.jpg)
HT News Desk | Edited by Abhyjith K. Ashokan
Musk says DOGE works 120 hours a week, thrice that of ‘bureaucratic opponents'
It has only been two weeks since Elon Musk took the role of heading DOGE. He is now trying to bring the Silicon Valley work ethic to the US government.
![SpaceX CEO Elon Musk, close ally of Trump, was picked to co-chair the newly-created Department of Government Efficiency. (Reuters/File) SpaceX CEO Elon Musk, close ally of Trump, was picked to co-chair the newly-created Department of Government Efficiency. (Reuters/File)](jpg/148x111.jpg)
Updated on Feb 03, 2025 03:33 PM IST
HT News Desk | Edited by Abhyjith K. Ashokan
ChatGPT's new tool can do work at level of a ‘research analyst’
OpenAI claims the new tool “accomplishes in tens of minutes what would take a human many hours.”
![OpenAI and ChatGPT logos are seen in this illustration taken, February 3, 2023. (Reuters) OpenAI and ChatGPT logos are seen in this illustration taken, February 3, 2023. (Reuters)](jpg/148x111.jpg)
Published on Feb 03, 2025 02:14 PM IST
HT News Desk | Edited by Abhyjith K. Ashokan
For Noise’s premiumisation journey, the ColorFit Pro 6 Max is a crucial chapter
The Noise ColorFit Pro 6 Max smartwatch’s refined design gets attention, and that is its biggest win. There are some fixable rough edges with software, but hardware is on point.
![The ColorFit Pro 6 Max by Noise. (Vishal Mathur/ HT Photo) The ColorFit Pro 6 Max by Noise. (Vishal Mathur/ HT Photo)](https://www.hindustantimes.com/ht-img/img/2025/02/03/150x84/The-ColorFit-Pro-6-Max-by-Noise---Vishal-Mathur--H_1738561963078.jpg)
Updated on Feb 03, 2025 11:22 AM IST
Rupee hits record low of 87.29 against dollar as Trump tariffs spook investors
US President Donald Trump had slapped Canada and Mexico with 25% duties and China with a 10% duty
![Meanwhile, the dollar index went up 0.22% to its over two-year-high of 109.72, with 10-year US bond yields also remaining high at 4.76%(Representational Image/Pixabay) Meanwhile, the dollar index went up 0.22% to its over two-year-high of 109.72, with 10-year US bond yields also remaining high at 4.76%(Representational Image/Pixabay)](https://www.hindustantimes.com/ht-img/img/2025/02/03/148x111/g0f7cfe6cc568f4572749657598009bb510a6b959392dd717e_1736744791985_1738559892463.jpg)
Published on Feb 03, 2025 11:07 AM IST
Volkswagen sues Indian authorities over $1.4 billion demand: What's the case?
Volkswagen's unit, Skoda Auto Volkswagen India, also told the court that the tax dispute puts at risk its investments of $1.5 billion in India.
![Volkswagen's India unit said in a statement it is using all legal remedies as it cooperates with authorities.(Reuters file photo) Volkswagen's India unit said in a statement it is using all legal remedies as it cooperates with authorities.(Reuters file photo)](jpg/148x111.jpg)
Updated on Feb 03, 2025 10:21 AM IST
Today Gold Rate 03-02-2025: Check latest prices in your city
Today Gold Rate: The price of 10 gm of 24 carat gold is Rs. 84653.0/10 grams in Delhi, whereas 1 kg of silver is Rs. 102500.0/Kg in Delhi.
![Gold silver image Gold silver image](https://images.hindustantimes.com/img/2024/07/17/148x111/photo-1610375461246-83df859d849d_1721194094182_1721194118685.jpg)
Published on Feb 03, 2025 10:15 AM IST
Stock market crash: Sensex down 600 points, Nifty down 200 points after Budget
Sensex Crash Today: The stock market crashed when trading for the week began on Monday, February 3, 2025, after Budget day
![Sensex Crash Today: People walk past the Bombay Stock Exchange (BSE) building in Mumbai (Francis Mascarenhas/Reuters) Sensex Crash Today: People walk past the Bombay Stock Exchange (BSE) building in Mumbai (Francis Mascarenhas/Reuters)](jpg/148x111.jpg)
Updated on Feb 03, 2025 12:07 PM IST
Five new IPOs, 2 listings coming up this week: Details inside
Chamunda Electricals will be the first small and medium enterprises (SME) IPO to debut this week on February 4, 2025.
![Meanwhile, January 2025 already saw strong action in the primary market with 27 IPOs worth about <span class='webrupee'>₹</span>7,354 crore.(Representational Image/Unsplash) Meanwhile, January 2025 already saw strong action in the primary market with 27 IPOs worth about <span class='webrupee'>₹</span>7,354 crore.(Representational Image/Unsplash)](https://www.hindustantimes.com/ht-img/img/2025/02/03/148x111/photo-1518186285589-2f7649de83e0_1734922249160_1738547598432.jpg)
Updated on Feb 03, 2025 08:34 AM IST
‘Taxpayers build nation they’ll drive demand,’ says FM Nirmala Sitharaman
Nirmala Sitharaman said the measure is to respect honest taxpayers, who, without fail, are paying towards India’s nation-building attempts.
![Finance minister Nirmala Sitharaman (Sanchit Khanna/HT Photo) Finance minister Nirmala Sitharaman (Sanchit Khanna/HT Photo)](https://www.hindustantimes.com/ht-img/img/2025/02/02/148x111/Finance-minister-Nirmala-Sitharaman--Sanchit-Khann_1738522589178_1738537093769.jpg)
Updated on Feb 03, 2025 05:11 AM IST
Ravi Krishnan Utpal Bhaskar
Rajeev JayaswalIncome tax: 90% or more taxpayers may shift to new regime, says CBDT chief
The Central Board of Direct Taxes (CBDT) is the administrative body, under the Union finance ministry, for the I-T Department.
![Tax (Representative image) Tax (Representative image)](https://www.hindustantimes.com/ht-img/img/2025/02/02/148x111/Tax_1738500454839_1738500455152.jpg)
Published on Feb 02, 2025 06:22 PM IST
PTI |
Volkswagen sues Indian govt over $1.4 billion tax demand | Details
Volkswagen has filed a lawsuit against Indian authorities to challenge a $1.4 billion tax demand, claiming it's inconsistent with import tax rules.
![A Volkswagen logo is pictured at Volkswagen's headquarters in Wolfsburg, Germany.(Reuters) A Volkswagen logo is pictured at Volkswagen's headquarters in Wolfsburg, Germany.(Reuters)](jpg/148x111.jpg)
Published on Feb 02, 2025 05:20 PM IST
Budget 2025 hikes TDS limit for bank FD | Check all details
This will take up the limit from the current ₹40,000 to ₹50,000 per financial year and will come into effect from April 1, 2025.
![Banks are required to deduct tax at source when interest paid to account holders goes over the specified threshold in one financial year. At the moment, it is 10% if PAN is available. Banks are required to deduct tax at source when interest paid to account holders goes over the specified threshold in one financial year. At the moment, it is 10% if PAN is available.](https://www.hindustantimes.com/ht-img/img/2025/02/02/148x111/Fixed_Deposith_1730114432922_1738483971758.jpg)
Published on Feb 02, 2025 03:30 PM IST
Reliance Retail brings Shein back to India after 2020 App ban | See details
The government had disclosed to parliament last year that Reliance had entered into an agreement with the company to sell products under its name.
![A view of a Shein pop-up store at a mall in Singapore April 4, 2024.(Edgar Su/Reuters) A view of a Shein pop-up store at a mall in Singapore April 4, 2024.(Edgar Su/Reuters)](jpg/148x111.jpg)
Published on Feb 02, 2025 03:27 PM IST
HT News Desk | Edited by Abhyjith K. Ashokan
What is the Teerth Yatri Seva initiative for pilgrims at Maha Kumbh Mela 2025
The Teerth Yatri Seva initiative ensures an enhanced experience of the devotees at the mela.
![Reliance's 'Teerth Yatri Seva' initiative at Maha Kumbh Mela 2025. Reliance's 'Teerth Yatri Seva' initiative at Maha Kumbh Mela 2025.](https://www.hindustantimes.com/ht-img/img/2025/02/02/148x111/sfjsf_1738480120981_1738480140700.jpeg)
Updated on Feb 02, 2025 03:29 PM IST
Confused about new income tax rebate till ₹12 lakh? New slabs simplified
The income tax rebate in Budget 2025 has caused some confusion, especially since income tax slabs still show taxes for income brackets from ₹0 to ₹12 lakh.
![Finance minister Nirmala Sitharaman and other officials outside the finance ministry ahead of the presentation of the Union Budget 2025-26 in New Delhi, Saturday, Feb 1(PTI) Finance minister Nirmala Sitharaman and other officials outside the finance ministry ahead of the presentation of the Union Budget 2025-26 in New Delhi, Saturday, Feb 1(PTI)](https://www.hindustantimes.com/ht-img/img/2025/02/02/148x111/income_tax_slabs_1738482707730_1738482708439.jpg)
Updated on Feb 02, 2025 01:49 PM IST
Elon Musk's X sues these companies for collective ad boycotting: Report
These companies include Nestlé, Abbott Laboratories, Colgate, Lego, Pinterest, Tyson Foods, Shell, WFA, CVS Health, Mars, Ørsted, and Twitch.
![The amended complaint filed in a Texas court on Saturday alleges that members of the Global Alliance for Responsible Media (GARM), which is now a defunct initiative from the advertiser trade body the World Federation of Advertisers (WFA), illegally conspired to The amended complaint filed in a Texas court on Saturday alleges that members of the Global Alliance for Responsible Media (GARM), which is now a defunct initiative from the advertiser trade body the World Federation of Advertisers (WFA), illegally conspired to](https://www.hindustantimes.com/ht-img/img/2025/02/02/148x111/Musk_1714320816117_1738477776702.jpg)
Published on Feb 02, 2025 12:51 PM IST
HT News Desk | Edited by Abhyjith K. Ashokan
These products may get expensive in US after tariffs on China, Mexico, Canada
The tariffs will come into effect on Tuesday with Trump citing a national emergency due to the flow of fentanyl and undocumented immigrants into the US
![US President Donald Trump revealed plans to impose tariffs of 25% on Colombian goods, which would increase to 50% within a week.(AFP) US President Donald Trump revealed plans to impose tariffs of 25% on Colombian goods, which would increase to 50% within a week.(AFP)](https://www.hindustantimes.com/ht-img/img/2025/02/02/148x111/FILES-US-ENVIRONMENT-WIND-TURBINES-0_1737921696120_1738468388001.jpg)
Published on Feb 02, 2025 11:14 AM IST
HT News Desk | Edited by Abhyjith K. Ashokan
Today Gold Rate 02-02-2025: Check latest prices in your city
Today Gold Rate: The price of 10 gm of 24 carat gold is Rs. 84663.0/10 grams in Delhi, whereas 1 kg of silver is Rs. 102600.0/Kg in Delhi.
![Gold silver image Gold silver image](https://images.hindustantimes.com/img/2024/07/17/148x111/photo-1610375461246-83df859d849d_1721194094182_1721194118685.jpg)
Published on Feb 02, 2025 10:15 AM IST
Budget: Import duty on 1600cc bikes cut, Harley-Davidsons may get cheaper
This decision to slash tariffs in Budget 2025 comes as US President Donald Trump threatened reciprocal taxes on countries which levy high tariffs on US goods.
![A Harley-Davidson bike is seen.(Reuters) A Harley-Davidson bike is seen.(Reuters)](jpg/148x111.jpg)
Published on Feb 02, 2025 10:08 AM IST
HT News Desk | Edited by Abhyjith K. Ashokan
Microsoft layoffs: Tech giant fires underperforming employees
Microsoft has initiated a layoff round for underperforming employees
![Microsoft has initiated a layoff round for underperforming employees(Representational image/Unsplash) Microsoft has initiated a layoff round for underperforming employees(Representational image/Unsplash)](https://www.hindustantimes.com/ht-img/img/2025/02/02/148x111/fvdbdfb_1738403064586_1738469421893.jpg)
Updated on Feb 02, 2025 10:54 AM IST
Nirmala Sitharaman interview: ‘More money in hands of people will spur demand’
Finance minister Nirmala Sitharaman talks about the budget’s attempts to increase spending as India pushes for achieving Viksit Bharat by the year 2047
![Union finance minister Nirmala Sitharaman outside the finance ministry ahead of the presentation of the ‘Union budget 2025-26’ in New Delhi on Saturday,(Sanjeev Verma/Hindustan Times) Union finance minister Nirmala Sitharaman outside the finance ministry ahead of the presentation of the ‘Union budget 2025-26’ in New Delhi on Saturday,(Sanjeev Verma/Hindustan Times)](https://www.hindustantimes.com/ht-img/img/2025/02/02/148x111/Nirmala-Sitharaman-16_1738413880001_1738463169796.jpg)
Published on Feb 02, 2025 08:20 AM IST
Humans of Bombay CEO gets her eggs frozen at 32: ‘Been meaning to…’
Humans of Bombay CEO Karishma Mehta’s decision to get her eggs frozen received praise from many on social media.
![Pictures shared by Humans of Bombay CEO Karishma Mehta on Instagram, including one about getting her eggs frozen. (Instagram/@karimehta05) Pictures shared by Humans of Bombay CEO Karishma Mehta on Instagram, including one about getting her eggs frozen. (Instagram/@karimehta05)](https://www.hindustantimes.com/ht-img/img/2025/02/01/148x111/Karishma_Mehta_Humans_Of_Bombay_Eggs_Frozen_Viral_1738409309393_1738409316347.jpg)
Updated on Feb 03, 2025 10:28 AM IST
Farmers flay budget, say no allocation for legalising MSP, loan waiver
The farm unions criticised Sitharaman for ignoring the National Commission's key recommendation to keep MSPs 50% above the cost of production.
![Farmer leader Abhimanyu Kohar of Samyukta Kisan Union (non-political) claimed that farmers were dejected with the Union Budget as the real issues concerning the farmer community had been ignored by the Union finance minister. (HT File) Farmer leader Abhimanyu Kohar of Samyukta Kisan Union (non-political) claimed that farmers were dejected with the Union Budget as the real issues concerning the farmer community had been ignored by the Union finance minister. (HT File)](https://www.hindustantimes.com/ht-img/img/2025/02/01/150x84/Farmer-leader-Abhimanyu-Kohar-of-Samyukta-Kisan-Un_1738433337139.jpg)
Updated on Feb 02, 2025 03:48 AM IST
Karam Prakash, Patiala
Focus on creating jobs, skill training
The main allocation was made to upgrading ITIs, which started in the 1950s to give vocational training to young people and help create a skilled workforce.
![People line up to apply for jobs at a Job Fair. (Hindustan Times) People line up to apply for jobs at a Job Fair. (Hindustan Times)](https://www.hindustantimes.com/ht-img/img/2025/02/01/148x111/People-line-up-to-apply-for-jobs-at-a-Job-Fair---H_1738435798091_1738446289560.jpg)
Updated on Feb 02, 2025 03:20 AM IST
Saubhadra Chatterji, New Delhi
In AI stimulus, budget allots ₹500 crore for Centre of Excellence in education
The central government will invest ₹500 crore in a new AI Centre for Excellence in education and ₹20,000 crore for private sector research and innovation.
![In 2023, Sitharaman announced a CoE in AI for agriculture, health, and sustainable cities. (Bloomberg) In 2023, Sitharaman announced a CoE in AI for agriculture, health, and sustainable cities. (Bloomberg)](https://www.hindustantimes.com/ht-img/img/2025/02/01/150x84/In-2023--Sitharaman-announced-a-CoE-in-AI-for-agri_1738435377899.jpg)
Published on Feb 02, 2025 03:05 AM IST
Finance minister rejigs import tariffs to boost local manufacturing
Union Budget 2025: The changes in import tariffs will benefit labour-intensive sectors such as gem and jewellery, textiles, leather and footwear and shipping.
![People watch the live telecast of Union Budget 2025 presented by Finance Minister Nirmala Sitharaman in the Lok Sabha of the Parliament, at a television showroom in Ranchi, India on Saturday. (ANI) People watch the live telecast of Union Budget 2025 presented by Finance Minister Nirmala Sitharaman in the Lok Sabha of the Parliament, at a television showroom in Ranchi, India on Saturday. (ANI)](https://www.hindustantimes.com/ht-img/img/2025/02/01/150x84/People-watch-the-live-telecast-of-Union-Budget-202_1738435557921.jpg)
Updated on Feb 02, 2025 02:47 AM IST
Paying college fees abroad easier, but little else changes
The budget has removed the Tax Collected at Source (TCS) on foreign education remittances when funded through loans from specified financial institutions
![The TCS relief for overseas education aligns with the budget’s broader vision of “Viksit Bharat,” which emphasises access to “hundred per cent good quality school education” as a key pillar (HT Photo) The TCS relief for overseas education aligns with the budget’s broader vision of “Viksit Bharat,” which emphasises access to “hundred per cent good quality school education” as a key pillar (HT Photo)](https://www.hindustantimes.com/ht-img/img/2025/02/01/150x84/The-TCS-relief-for-overseas-education-aligns-with-_1738436218121.jpg)
Published on Feb 02, 2025 02:24 AM IST
Relief for senior citizens earning interest, but worries remain
The budget introduces several significant changes for India’s elderly: doubling the TDS threshold and tax deduction limit on interest income to ₹1 lakh
![The budget also exempted withdrawals from old National Savings Scheme accounts after August 29, 2024. (Raj K Raj/HT Photo) The budget also exempted withdrawals from old National Savings Scheme accounts after August 29, 2024. (Raj K Raj/HT Photo)](https://www.hindustantimes.com/ht-img/img/2025/02/01/150x84/The-budget-also-exempted-withdrawals-from-old-Nati_1738435737957.jpg)
Updated on Feb 02, 2025 09:54 AM IST
What the Budget 2025 means for economic reforms
The finance minister will introduce a new income tax bill next week, signalling major tax reforms. The budget includes customs duty cuts and support for MSMEs.
![Union finance minister Nirmala Sitharaman addresses a post-budget press conference in New Delhi on Saturday.(HT_PRINT) Union finance minister Nirmala Sitharaman addresses a post-budget press conference in New Delhi on Saturday.(HT_PRINT)](https://www.hindustantimes.com/ht-img/img/2025/02/01/148x111/Union-finance-minister-Nirmala-Sitharaman-addresse_1738438692534_1738438718922.jpg)
Published on Feb 02, 2025 01:16 AM IST