Business
More US Tariffs On Key Imports, Including Drugs
BANGKOK: The Trump administration has taken its next steps toward imposing more tariffs on key imports, launching investigations into imports of computer chips, chip making equipment and pharmaceuticals. The Department of Commerce posted notices about the probes late Monday on the Federal Register, seeking public comment within three weeks....
Passenger Vehicle Demand Surges To Over 43 Lakh Units In FY25, Says SIAM
NEW DELHI: Passenger vehicle (PV) dispatches in India from factories to dealers rose to record levels at over 43 lakh units in FY25, with utility vehicles accounting for 65 per cent of the total sales in the segment, industry body SIAM said on Tuesday. Passenger vehicle (PV) dispatches rose...
MP Dairy Federation, NDDB Sign Agreement To Build Robust Dairy Cooperative Ecosystem
ANAND/AHEMDABAD: Madhya Pradesh State Cooperative Dairy Federation (MPCDF) and the National Dairy Development Board (NDDB) has signed a collaboration agreement to build a robust dairy cooperative ecosystem in Madhya Pradesh in the august presence of Home Minister Amit Shah and Madhya Pradesh CM Mohan Yadav. Paving the way for...
M&A, PE Deals Hit Three-Year High In January-March
MUMBAI: Deal activity in the domestic consumer and retail markets rose to a three-year high in the first quarter of calendar year 2025, as investors backed brands that merged tradition with innovation, Grant Thornton Bharat’s latest quarterly deal tracker report showed. The deals include mergers and acquisitions (M&As) and...
NITI Aayog Pitches For Incentive Package For Hand & Power Tools
NEW DELHI: Leveraging geopolitical opportunities, including US tariffs on China, a new NITI Aayog report has recommended targeted support to overcome a 14-17% cost disadvantage gap with competitors, to capture a 10% global market share in power tools and a 25% share in hand tools within a decade, sources...
Banks Likely To See NIM Compression In Q4 On Rising Slippages
MUMBAI: Banks are likely to witness a spike in bad loans in the fourth quarter, driven by rising delinquencies in the unsecured and microfinance segments. Slowing credit growth, tight liquidity and elevated deposit rates are expected to squeeze net interest margins. Banks are also expected to see a decline...
India Sees Export Opportunity In 10 Products Amid US-China Tariff War
NEW DELHI: India has identified at least 10 sectors, including apparel and clothing accessories, chemicals, plastics and rubber, where high US tariffs give New Delhi a competitive advantage in the American market over other suppliers, said officials in the know. The idea is to capitalise on the advantage in...
As Foreign Loans Turn Costly, Infrastructure Debt To See Domestic Refinancing
NEW DELHI: India is aiming to refinance multilateral debt availed for select infrastructure sectors to shield projects from exposure to costly foreign loans, officials said. They added that many of these loans often come with strict riders. The government has identified debt taken by Indian Railways for some projects,...
China’s Exports Jump 12.4 Per Cent And Imports Fall
BANGKOK: China’s exports jumped 12.4per cent in March from a year earlier as companies rushed to beat increases in US tariffs imposed by US President Donald Trump, the government said Monday. Imports fell 4.3per cent, the customs administration reported. It said exports from the world’s second largest economy rose...
SBI Passes RBI Rate Cuts, Slashes Interest Rate By 25 Basis Points
NEW DELHI: The country’s largest lender State Bank of India (SBI) has reduced its lending rate by 25 basis points following the Reserve Bank’s policy rate cut, making loans cheaper for both existing and new borrowers. With the latest round of reduction, the Repo Linked Lending Rate (RLLR) of...
Draft Rules Issued For Gas Metres To Protect Consumers
NEW DELHI: The government has drafted new rules requiring testing, verification and stamping of all domestic, commercial, and industrial gas metres before they can be used in trade, the consumer affairs ministry said on Monday. The proposed regulations under the Legal Metrology (General) Rules, 2011 aim to ensure accuracy...
Lodha Brothers Resolve Dispute Over Use Of Brand
MUMBAI: Abhishek Lodha-led Macrotech Developers has resolved trademark and brand dispute with House of Abhinandan Lodha (HoABL), formed by his younger brother. Macrotech Developers will continue to use ‘Lodha’ brand while the younger brother will continue to operate under ‘House of Abhinandan Lodha’ brand, as per the agreements between...
Investor Wealth Erode By Rs 11.30 Lakh Crore Since Tariffs
NEW DELHI: Investors’ wealth eroded by Rs 11.30 lakh crore since early this month, where the BSE benchmark Sensex tumbled nearly 2 per cent, as stock markets experienced turbulence in recent times initially due to US President Donald Trump unveiling a massive tariff plan, followed by growing concerns of...
Government To Skip Zero Tariff Option In Trade Deal Talks With US
NEW DELHI: The government has decided to steer clear of the option of zero-for-zero tariff policy under the ongoing negotiations with the United States for a bilateral trade agreement (BTA), according to an official source. This is due to the realisation that given the country’s relatively low per capita...
India Unlikely To Raise Dispute Against US At WTO Over Reciprocal Tariff
India is unlikely to launch a dispute at the World Trade Organisation (WTO) against the United States over reciprocal tariffs, as both sides are currently engaged in negotiations aimed at reaching a trade deal. This comes despite India seeking consultation with the US at the WTO on the 25...
Government Plans Rs 10 Lakh-Crore Investment To Rewire Highways
NEW DELHI: The Centre is planning to invest Rs 10 lakh crore over the next two years to improve highways across the country, with special focus on the northeast, where roads will rival those in the US, road transport and highways minister Nitin Gadkari said. In an interview to...
Banks Seek Common Insurance Repository, Shared Customer Data Access To Curb Policy-Backed Loan Fraud
NEW DELHI: Banks have pitched for creation of a common insurance repository and shared access to key customer data to help curb fraud in loans backed by life insurance policies. The suggestion was made to the government earlier this month after discussions centered on strengthening KYC norms and enhancing...
Amid Trade Talks, GAIL Goes Scouting For US LNG Stake, 15-Year Supply Deal
NEW DELHI: Amid ongoing tariff talks, India is stepping on the gas — literally — to reduce its trade surplus with the US in the hope of an early deal. State-run gas utility GAIL has invited expressions of interest for acquiring upto 26% stake in a US LNG (liquefied...
