A day after the 50% tariff imposed by the US on Indian goods came into effect, Maruti Suzuki India chairman RC Bhargava said that India should stand united to face the 50% tariffs imposed by the US and not give “in to any kind of bullying”.“It is our duty as Indians to do our very…
India’s textile exporters may be bracing for a major blow as the United States’ steep 50% tariffs come into force, with experts warning that nearly one-fourth of the country’s textile exports could be hit over the next six months. America is the largest market for Indian apparel, and order cancellations have already begun troubling exporters.The…
Federal Reserve governor Lisa Cook has taken the Trump administration to court after the US president tried to fire her.Cook’s lawsuit, filed by lawyer Abbe David Lowell, seeks an injunction to block her dismissal and “confirm her status” as a member of the central bank’s governing board.The case is being seen as an extraordinary legal…
India’s equity investors became poorer by Rs 9.69 lakh crore in two days as Dalal Street ended the past two sessions in red, with BSE Sensex dropping by over 1500 points.This sharp plunge was driven by the impact of higher US tariffs on Indian goods and sustained foreign fund withdrawals.An additional 25% tariff from the…
India’s proposed Goods and Services Tax (GST) reforms could help soften the blow of steep US tariffs and give a lift to household spending, BMI, a Fitch Solutions company, said on Thursday.The government is planning to lower tax rates on items commonly used by the public, a move that BMI believes will boost consumption and…
India’s industrial production picked up pace in July, rising to a four-month high of 3.5%, driven largely by the manufacturing sector, as per official data released on Thursday. The last time the country saw a similar level of growth was in March 2025, when industrial output rose 3.9%.Measured in terms of the Index of Industrial…
The Centre’s move to extend the import duty exemption on cotton until 31 December 2025 is set to strengthen India’s position in global textile markets, reviving orders for small and medium enterprises as well as export-oriented units, the government said.The announcement comes at a critical time, as Indian textile exporters are worried abou the impact…
MUMBAI: The share of mutual funds in the household sector’s gross financial savings increased from 0.9% in 2011-12 to 6% in 2022-23. Assets under management have grown at a compounded annual growth rate (CAGR) of 17.1%. This has made mutual funds a stabilising force in equities and helped cushion the equity market against volatility triggered…
Planning your SIP journey, but confused if you should invest more for a shorter duration or less for a long duration?When it comes to building wealth, patience and time often matter more than how much you invest each month. A small but regular contribution over a long period can create a larger corpus than investing…
Finance Minister Nirmala Sitharaman on Thursday chaired an inter-ministerial meeting to explore possible support measures for exporters hit by steep US tariffs, PTI reported cited sources.The meeting was attended by senior officials from the ministries of finance, commerce, textiles, MSMEs, chemicals and fisheries.The discussions came in the wake of Trump administration’s decision to impose a…