India’s leather industry, a vital labour-intensive sector with exports worth $4.1 billion, has been hit hard by US President Donald Trump’s decision to impose a 25% tariff on imports from India. The move, coupled with an additional 25% tariff on Russian oil purchases from 27 August 2025, is expected to deepen the crisis exporters are…
India’s cement demand set to expand at a 7–8% compound annual growth NEW DELHI: India’s cement demand is set to expand at a 7–8% compound annual growth rate over the medium term, powered by housing, infrastructure, and commercial projects, with prices expected to rebound after a sharp fall in FY25, UBS said in a report.UBS…
India is at the centre of major trade talks as it negotiates free trade agreements (FTAs) with several key partners, including the European Union, the United States, Chile, and Peru, commerce and industry minister Piyush Goyal said on Saturday.Speaking at the Entrepreneur and Traders Leadership Summit, Goyal said that the world is looking at India…
Are you looking for a fixed deposit with attractive returns?Many leading banks in the country have rolled out special fixed deposit (FD) schemes with a 444-day tenure, offering some of the best returns to general, senior and super senior citizens. Take a look at the current interest rates offered on these special FDs and what…
India and Australia have taken another big step towards sealing a trade deal, as officials wrapped up the latest round of negotiations in New Delhi, on Saturday. The two countries, which have already implemented an interim trade agreement in December 2022, are now pushing to expand its scope into a Comprehensive Economic Cooperation Agreement (CECA).“The…
PM Modi to inaugurate projects worth Rs 2548 crore in Ahmedabad, Gandhinagar (Image credits: ANI) NEW DELHI: Prime Minister Narendra Modi will inaugurate and lay the foundation stones for urban development projects worth Rs 2,548 crore in Ahmedabad and Gandhinagar on Monday and Tuesday.The initiative coincides with Gujarat celebrating the Urban Development Year and marks…
India’s seafood exports held steady at $7.45 billion in 2024-25, despite overall shipment volumes declining, the commerce ministry said on Saturday.The country exported 16,98,170 tonnes of seafood last fiscal, down from 17,81,602 tonnes recorded a year earlier. In 2023-24, the exports had been valued at Rs 60,523.89 crore ($7.38 billion), according to a ministry statement…
US President Donald Trump and Brazilian president Luiz Inacio Lula da Silva (AP) Brazil’s state development bank, BNDES, on Friday announced a 10 billion reais ($1.85 billion) credit line to help companies affected by steep US tariffs. The facility is divided into funding for general operating expenses and exploring new export markets, complementing a 30…
US president Donald Trump (AP) US president Donald Trump’s sweeping tariff hikes on imports could shrink the US deficit by $4 trillion over the next decade, the Congressional budget office (CBO) said on Friday.According to CBO, Congress’ nonpartisan analyst, higher tariff revenue would reduce primary deficits by $3.3 trillion and trim federal interest payments by…
NEW DELHI: India’s foreign exchange reserves rose by $1.48 billion to $ 695.10 billion in the week ended August 15, driven primarily by gains in foreign currency assets (FCA), according to the Reserve Bank of India’s (RBI) latest ‘Weekly Statistical Supplement.’Foreign currency assets, the largest component of India’s forex reserves, increased by $1.92 billion to…