Business
Trump’s Tariff Likely To Hit Indian Auto Component Makers
NEW DELHI: United States (US) President Donald Trump’s decision to slap a 25 per cent tariff on all auto imports has cast uncertainty over India’s nearly $seven billion of exports to America, which industry fears could squeeze margins. Automobiles and car parts imported to the US would face a...
More Taxes For Pakistanis After IMF Deal
ISLAMABAD: The people of Pakistan should brace for more taxes as carbon levy is on the cards following a fresh deal of $1.3 billion with the International Monetary Fund (IMF) to tackle climate change, officials said. Under the Staff-Level Agreement (SLA) with the fund on Wednesday, the lender also...
Sensex Rebounds 318 Points Amid FII Buying
MUMBAI: Benchmark BSE Sensex rebounded by nearly 318 points on Thursday on buying in blue — chip HDFC Bank, Reliance Industries, L and T, and Bajaj Finance amid foreign fund inflows. The 30-share BSE Sensex climbed 317.93 points or 0.41 per cent to settle at 77,606.43 amid the monthly...
Gold Rises Rs 365 To Reclaim Rs 91,000 Mark
NEW DELHI: Gold prices increased by Rs 365 to Rs 91,050 per 10 grams in the national capital on Thursday amid a strong trend in the overseas markets, according to the All India Sarafa Association. The precious metal of 99.9 per cent purity had closed at Rs 90,685 per...
India’s GDP On Track To Outpace Japan In 2025, Germany By 2027: IMF
NEW DELHI: India’s Gross Domestic Product (GDP) has doubled over the last ten years from $2.1 trillion in 2015 to $4.3 trillion in 2025, reporting a growth of 105 per cent, according to the latest data released by the International Monetary Fund (IMF). The growth has positioned India as...
Uncertainty In Trade Policy, Geopolitics Risk To Growth Next Year: FinMin
NEW DELHI: Geopolitical tensions, trade policy uncertainties, volatility in international commodity prices and financial market uncertainties pose considerable risks to India’s economic growth in the coming year, the finance ministry cautioned on Wednesday. “Global trade continues to be affected by uncertainty in the policy environment… tariff-related developments in multiple...
BRICS Has Features To Make World Order Fair: Top Russian Expert
BRICS is aimed at not making a new UN General Assembly, but it is a group that has new features of the new incoming world order that would be more fair, according to Victoria Panova, Head of the BRICS Expert Council—Russia, Russia’s Sherpa in W20, and Vice Rector at...
India May Soon Train Select Countries On Best Drug Regulatory Practices
NEW DELHI: India may soon start training drug regulators from select foreign countries on drug regulatory practices and pharmacovigilance, officials in the know said on Wednesday. The project could include drug regulators and inspectors from African, South East Asian, and South Asian Association for Regional Cooperation (SAARC) countries on...
NPLs In Microfinance Segment To Peak By FY26 End: S&P Global Ratings
MUMBAI: Tighter lending norms, including those becoming operational from April for microfinance institutions in India, will keep a check on asset quality strain, and the non-performing loan ratio in microloans segment is expected to peak by the financial year 2025-2026 (FY26), global rating agency S&P said on Wednesday. India’s...
NITI Aayog Working To Improve India’s Penetration Into Global Value Chains For MSMEs’ Growth
NEW DELHI: NITI Aayog is working on a programme to improve India’s penetration into global value chains for growth of domestic micro, small and medium enterprises (MSMEs), CEO of the government think-tank B V R Subrahmanyam said on Wednesday. Observing that MSMEs are more affected by regulations than large...
SEBI Keeps Flexible Workspace Operator WeWork India’s IPO In Abeyance
NEW DELHI: SEBI has put the initial public offering (IPO) of premium flexible workspace operator WeWork India Management Limited in “abeyance”, an update with the markets regulator showed on Monday. The Embassy Group-promoted firm, which filed its draft IPO papers on January 31, planned to offer 4.37 crore shares...
India’s Exports Bound To Grow Despite Global Uncertainties, Says DGFT
NEW DELHI: India’s exports are bound to grow in the coming years despite uncertainties over global trade and tariff, a senior government official said on Wednesday. Director General of Foreign Trade (DGFT) Santosh Kumar Sarangi said that exporters should tread the path pragmatically and wisely to navigate the current...
Mother Dairy Launches High Protein Milk In Delhi NCR
MUMBAI: Mother Dairy on Wednesday launched ‘Promilk’, a protein-rich milk product priced at Rs 70 per litre, targeting the country’s protein deficit population in the Delhi-NCR region. The new cow milk product contains 40 grams of protein per litre, four per cent fat, and 11.5 per cent solids-not-fat (SNF)...
Bandhan Bank Signs MoU With Indian Air Force
KOLKATA: Private lender Bandhan Bank on Wednesday said it has inked an MoU with the Indian Air Force to provide corporate salary accounts to the defence personnel. The ‘Bandhan Bank Shaurya Salary Account’ will have features like zero balance savings account, protection for self and family, and attractive interest...
S&P Cuts India’s Fy26 GDP Growth Forecast To 6.5 Per Cent
NEW DELHI: S&P Global Ratings on Tuesday cut India’s GDP growth projections to 6.5 per cent for the next fiscal as it expects that economies in the APAC region will feel the strain of rising US tariffs and pushback on globalisation. In its Economic Outlook for Asia-Pacific (APAC), S&P...
Government Open To Reducing Tariffs On 55 Per Cent Of US Imports
NEW DELHI: The government is open to cutting tariffs on more than half of U.S. imports worth $23 billion in the first phase of a trade deal the two nations are negotiating, two government sources said, the biggest cut in years, aimed at fending off reciprocal tariffs. The South...
Revised PSL Guidelines Put Gold-Loan NBFCs In A Fix
MUMBAI: The Reserve Bank of India’s (RBI) decision to exclude gold loans that are originated by non-banking financial companies (NBFCs) and acquired by banks from being classified as priority sector lending is expected to dent the growth of gold loan companies and increase their cost of funds. Shares of...
India’s Software Market To Hit $100 Billion By 2035, Growing 5x: Report
CHENNAI: India’s domestic software market is projected to grow 5X in the next decade from $20 billion in 2025 to hit $100 billion by 2035, a new report shows. SaaSBoomi, in collaboration with 1Lattice, released a report on Tuesday, which shows that the domestic IT software market will be...
