Business
Vietnam, Bangladesh, Others Look To Strike Trade Deals With US
NEW DELHI: Vietnam, which is a key competitor of India and has 46% additional tariffs as against 26% on India, has offered zero duties on all US imports. Bangladesh, which is a rival for India in global markets for textiles, may also offer duty concessions to the US to...
General Insurance Industry Likely To Grow 13% In FY26: India Ratings
MUMBAI: After tepid growth in the last financial year, the general insurance industry is expected to grow 13 per cent year-on-year (Y-o-Y) in gross written premium (GWP) in FY26, led more by value than by new policyholder additions, analysts at India Ratings said. The industry’s premium grew 8.5 per...
Inter-Ministerial Group To Track Import Surge, Take Quick Remedial Step
NEW DELHI: An import monitoring group has been set up in the ministry of commerce to track any possible spurt in inflows of goods into India as many countries including China aggressively seek alternative markets after Trump tariffs reduce access to the US markets. A senior official said Monday...
Indian Law Firms Take Baby Steps For Consolidation
AHMEDABAD: The global legal industry saw a seismic shift last week, with the partnerships at Herbert Smith Freehills, widely acknowledged as one of the world’s most elite law firms, and top US law firm Kramer Nevin Naftalis & Franklin voting to approve a historic merger. The new entity will...
Indian IT Firms To Tighten Belts Amid Rising Uncertainty
BENGALURU: Doing more for less is regaining traction in the IT sector. Indian IT firms are grappling with volatility and bearish sentiment amidst a widespread stock market rout. Infosys and HCLTech stock prices declined by nearly 4% on Monday, while Cognizant and Accenture dropped 4% and 2% respectively in...
RBI Starts Bi-Monthly Monetary Policy Review
MUMBAI; The Reserve Bank of India (RBI) on Monday started its bi-monthly monetary policy review amid expectations of a 25 bps cut in key interest rates in the backdrop of moderating inflation and the need to stimulate growth as Trump tariffs pose severe challenges to the global economy. The...
India’s Exports To Us Could Decline By $5.76 Billion: GTRI
NEW DELHI: India’s merchandise exports to the US from sectors such as marine items, gold, electrical, and electronics are expected to decline by $5.76 billion this year due to increased American duties, according to the data analysis of think tank Global Trade Research Initiative (GTRI). However, it added that...
Countries Scramble To Respond To Trump’s Tariffs
WASHINGTON: Countries are scrambling to figure out how to respond to the tariffs, with China and others retaliating quickly. Trump’s tariff blitz fulfilled a key campaign promise as he acted without Congress to redraw the rules of the international trading system. It was a move decades in the making...
Automobile Retail Sales Rise Six Per Cent In FY25: FADA
NEW DELHI: Automobile retail sales in India rose six per cent to 2,61,43,943 units in FY25 with rural areas performing better than urban regions across passenger vehicle and two-wheeler segments, dealers’ body FADA said on Monday. The last financial year saw growth in sales of passenger vehicles, two-wheelers and...
Securitisation Volumes Jump 24 Per Cent In FY25
MUMBAI: Securitisation volumes in FY25 increased 24 per cent to hit the highest level of Rs 2.35 lakh crore, a report said on Monday. The volumes of securitisation, which involves passing on future receivables on a loan to address upfront liquidity needs, were lower in the fourth quarter at...
Reserve Bank Of India Likely To Go For 25 Basis Points Rate Cut
MUMBAI: The Reserve Bank of India (RBI) is widely anticipated to shift its monetary policy stance from neutral to accommodative and cut the repo rate by 25 basis points (bps) at its monetary policy committee (MPC) meeting on April 9. This would signal the central bank’s increasing focus on...
New CPI Series From February 2026 To Include Rural Housing Inflation
NEW DELHI: The new consumer price index (CPI) series will measure housing inflation in rural areas, in tune with shifting consumption patterns and emergence of rental markets beyond urban centres, official sources said. At present, housing is only measured as a part of urban inflation because there are only...
Countries Soften Stance On Non-Trade Issues With India
NEW DELHI: As the shake-up of the world trade by US President Donald Trump has brought back tariffs at the centre stage again, “many developed countries” have indicated to India that they are willing to relax their stands on non-trade issues like sustainability in the free trade agreement (FTA)...
Internal Panel To Review All Regulations, Says SEBI Chief
MUMBAI: Securities and Exchange Board of India (Sebi) chairman Tuhin Kanta Pandey will set up an internal panel to review current regulations and weed out those that have lost relevance. The exercise would be similar to the one carried out by the Income Tax department while drafting the Direct...
Government Unlikely To Ease Checks On Investments From China
NEW DELHI: Government is unlikely to ease investment checks on Chinese companies amid growing calls to review FDI norms as it remains wary of flows from across the border. US President Donald Trump’s tariffs have made it even more alert to the growing threat of Chinese companies and their...
Women Own 39.2 Per Cent Of Bank Accounts In India: Report
NEW DELHI: Women own 39.2 per cent of bank accounts in the country and the proportion is even higher at 42.2 per cent in rural areas, according to a government report. The Statistics and Programme Implementation Ministry (MoSPI) released the 26th edition of its publication titled “Women and Men...
India To Face Some Adverse Tariff Effects: Kaushik Basu
NEW DELHI: Former World Bank Chief Economist Kaushik Basu on Sunday described the reciprocal tariffs imposed on approximately 60 countries by the Trump administration as baffling, saying that while these tariffs will have some adverse effects on India, the major impact will be felt in the US. Basu further...
‘One State-One RRB’ Plan In Pipeline: Finance Ministry
NEW DELHI: The finance ministry will soon implement the ‘One State-One RRB’ plan to achieve operational efficiency and cost rationalisation and consolidation of 43 regional rural banks (RRBs) to 28. Most of the work related to the issue of consolidation have been completed and the fourth round would happen...
