Business
FPIs Pulled Out Rs 10,355 Crore From Equities In Last 4 Trading Sessions On US Tariffs
NEW DELHI: Foreign investors withdrew Rs 10,355 crore from the country’s equity markets in the last four trading sessions this month due to sweeping tariffs imposed by the US on most nations, including India. The outflow occurred after a net investment of Rs 30,927 crore in the six trading...
India, Sri Lanka Ink Major Defence Pact Following Talks Between PM Modi And President Dissanayake
COLOMBO: For the first time, India and Sri Lanka on Saturday inked an ambitious defence cooperation pact with Prime Minister Narendra Modi outlining a broader roadmap for deeper bilateral cooperation, asserting that security of both nations is interlinked and dependent on each other. The defence pact is among seven...
India Ranks Tenth With $1.4 Billion Private Investment In Artificial Intelligence: UN Report
UNITED NATIONS: “India and China are the only developing countries in the world with significant private investments in Artificial Intelligence (AI) in 2023,” according to a United Nations (UN) report. India ranks tenth. The 2025 Technology and Innovation Report, issued by UN Trade and Development (UNCTAD), also states that...
Cabinet Approves Four Rail Projects In Three States Worth Rs 18,658 Crore
NEW DELHI: The Union Cabinet Committee on Economic Affairs (CCEA) has approved four railway projects across Maharashtra, Odisha, and Chhattisgarh worth ₹18,658 crore, Railways and Information and Broadcasting Minister Ashwini Vaishnaw said on Friday. These multi-tracking projects will add 1,247 kilometres to the existing Indian Railways track network, with...
India’s Services PMI Declines Marginally To 58.5 In March
NEW DELHI: India’s service providers recorded a loss of growth momentum in March with HSBC India Services Business Activity Index, or services PMI for the month falling to 58.5 from 59.0 in February, but was higher than a preliminary estimate that showed a fall to 57.7. However, it was...
Banks Park Record Rs 4.13 Trillion With RBI In Standing Deposit Facility
MUMBAI: As the banking system liquidity moves into surplus and with limited credit offtake at the start of the financial year 2025-26 (FY26), commercial banks on Thursday parked ₹4.13 trillion with the Reserve Bank of India (RBI) under the Standing Deposit Facility (SDF). This marked the highest amount banks...
Exporters Urge Government To Expedite Deal With US
NEW DELHI: Exporters on Friday urged the government to fast-track negotiations on the proposed Bilateral Trade Agreement (BTA) with the US, as Washington’s reciprocal tariffs have begun impacting orders. They also raised concerns over a potential surge in dumped Chinese goods. Exporters sought government support to limit the tariff...
CSIR-NAL, Pioneer Clean AMPS Ink Tech Licence Pact
NEW DELHI: In a boost for indigenous manufacturing activities, CSIR-National Aerospace Laboratories (CSIR-NAL) and Pioneer Clean AMPS Pvt Ltd on Friday entered into a technology licence agreement for the two-seater trainer aircraft Hansa-3 (NG). Council of Scientific & Industrial Research (CSIR)-National Aerospace Laboratories (NAL) has designed the trainer plane....
PM Modi Proposes Linking UPI With Payment Systems Of BIMSTEC Nations
BANGKOK: Seeking to impart fresh impetus to the BIMSTEC grouping, Prime Minister Narendra Modi on Friday proposed linking India’s UPI with the payment systems of the member nations, a move that could boost trade, business and tourism within the region. Addressing the sixth BIMSTEC Summit here, the Prime Minister...
Trump Tariffs Shock Governments, Investors Across World
FRANKFURT: United States President Donald Trump’s sweeping new tariffs on American imports shocked governments and investors around the world, swiftly spurring both threats of retaliation and calls for negotiation as industries scrambled and global stocks tumbled. China accused the US of “bullying” and the European Union promised “robust” countermeasures,...
Exporters Start Talks With Buyers On US Tariffs
With the US announcing 26 per cent additional import duties on Indian goods from April 9, domestic exporters on Friday said they have started talks with their American buyers on ways to absorb these heavy taxes. According to them, communications between the Indian suppliers and American buyers have already...
LIC Rejects US Trade Representative’s Report
NEW DELHI: Life Insurance Corporation of India (LIC) on Friday said it has been operating in a competitive market for 25 years and has not received any special treatment from the government, as it rejected US Trade Representative’s report. “We firmly believe the USTR’s views are based on an...
Mixed Bag For India As US President Donald Trump Unleashes Tariff War
NEW DELHI: US President Donald Trump on Thursday unveiled his promise of reciprocal tariffs on trading partners, stressing this was a kinder reciprocity as it amounted to only half of the levies US goods faced. This included a 27 per cent additional tariff imposed on imports from India as...
India Urges BRICS To Mobilise $1.3 Trillion To Achieve Climate Goals
NEW DELHI: India on Thursday urged the Brics (Brazil, Russia, India, China and South Africa) to mobilise $1.3 trillion to strengthen climate financing mechanisms and achieve global sustainable commitments. Stressing the urgent need for equitable carbon budget utilisation, India, at the 11th Brics Environment Ministers’ meeting in Brazil, focused...
Experts See Tough Negotiations With US On Non-Tariff Barriers
NEW DELHI: With the US Trade Representative (USTR) report highlighting India’s non-tariff barriers across multiple sectors, experts caution that any relaxations in government procurement, intellectual property (IP), and data localisation should be weighed carefully, keeping the interests of the domestic industry in mind. Ahead of the reciprocal tariff imposition...
Indian Textile Exporters To Get An Edge Over Key Competitors
NEW DELHI: US President Donald Trump’s decision to impose universal reciprocal tariffs on imports has given India’s textile industry—especially apparel exporters—an edge over competitors like Vietnam, Bangladesh, and China, which face even higher tariffs. The Trump administration on Thursday announced a flat 27% tariff on Indian goods with some...
Lenders Urge RBI To Return To Daily Overnight Borrowing Window To Improve Liquidity
MUMBAI: Lenders want the central bank to move back to the daily overnight borrowing window as the main cash management tool to help improve overall systemic liquidity – a prerequisite for quicker transmission of reductions in policy rates. Bankers made this request to the Reserve Bank of India (RBI)...
Rupee Pares Initial Losses, Settles 22 Paise Up At 85.30 Against US Dollar
MUMBAI: The rupee pared its initial losses and settled for the day higher by 22 paise at 85.30 (provisional) against the US dollar on Thursday as the greenback weakened against its major peers after President Donald Trump unleashed reciprocal tariffs on about 60 countries. The domestic unit had witnessed...
