Financial inclusion is about more than just providing access to banking — it’s about equipping people with the knowledge to improve their lives, Reserve Bank of India Deputy Governor Swaminathan Janakiraman said on Saturday.Speaking at the Financial Inclusion Saturation programme organised by Indian Bank in Tiruvallur district, Janakiraman said initiatives like Re-KYC camps help citizens…
When US President Donald Trump imposed tariffs of 50 per cent on Brazilian exports in July, acai producer Ailson Ferreira Moreira felt immediately concerned. After all, who was going to eat all of that Amazon berry, globally famous as a delicious, refreshing and nutritious superfood, if American consumers suddenly could no longer afford it? As…
Several garment manufacturers in Tiruppur, Tamil Nadu’s knitwear hub, have suspended production, while others are weighing their options after the United States announced steep new tariffs on Indian imports. Industry representatives said American buyers have also paused execution of existing orders, prompting exporters to adopt a “wait and watch” stance.The move follows Washington’s decision to…
Technocraft Ventures, a wastewater treatment solutions provider and public infrastructure development firm, has filed draft papers with markets regulator Sebi to launch an initial public offering (IPO).The IPO will comprise a fresh issue of up to 95.05 lakh equity shares and an offer for sale (OFS) of up to 23.76 lakh shares by promoter Kartikey…
India and Oman are set to announce the conclusion and signing of their proposed free trade agreement (FTA) “much sooner” than the earlier estimated two to three months, PTI reported citing an official.When asked if it would take two to three months, the official said: “Much less” than that. The agreement text is currently being…
MUMBAI: A day after Dalal Street investors ignored the significantly higher US tariffs, the sensex slumped nearly 1% or 765 points on Friday to a three-month closing low of 79,858. It closed below the 80,000 mark for the first time since May 9 on fears of the tariffs hitting Indian companies and the economy, and…
BENGALURU: Biocon is gearing up to manage potential challenges arising from US govt’s proposed tariffs on pharma imports. The company cautioned that these higher duties could impact profit margins and disrupt the availability of affordable generic medicines for American patients.The US remains Biocon’s largest market, contributing a significant share of its overall sales. However, the…
The United States Commerce Department has begun issuing licenses to Nvidia to export its H20 chips to China, a US official told Reuters on Friday, marking a major breakthrough for the AI giant’s access to one of its most important markets.The move follows Washington’s decision last month to reverse an April ban on sales of…
MUMBAI: The profitability of Tata Motors‘ cash cow, Jaguar Land Rover, was hit by tariffs imposed by US President Donald Trump, resulting in a 30% fall in the overall profitability of the Indian company. Outgoing JLR chief Adrian Mardell anticipates new trade deals signed between the US and the UK, effective June 30, and between…
NEW DELHI: There is a need to redefine the role of independent directors, and company boards must treat them as “stewards of accountability” and not as honorary appointees, Sebi chairman Tuhin Kanta Pandey said on Friday. He called on boards to equip themselves to meet the challenges of the future.“They must be viewed and treated…