This is an AI-generated image, used for representational purposes only. The rupee slipped for the sixth consecutive session on Wednesday, settling 3 paise lower at 86.41 (provisional) against the US dollar, weighed down by a stronger greenback and sustained foreign fund outflows. As per news agency PTI, forex traders also flagged concerns around India’s trade…
Representative image (ANI) The irregular distribution of rainfall across different states in the country is expected to cause some supply distress in terms of prices of key crops, according to a recent report by ICICI bank, quoted by ANI.The report points out that the low rainfall in some regions could lead to crop damage, creating…
Representative image (ANI) The Asian Development Bank (ADB) on Wednesday lowered its forecast for India’s GDP growth for FY26 from 6.7 percent to 6.5 percent, citing uncertainty in global trade and the effect of higher US tariffs on Indian exports and investment flows“This revision is primarily due to the impact of US baseline tariffs and…
BENGALURU: Syngene International, a subsidairy of Biocon, reported a 59 per cent year-on-year increase in profit after tax to Rs 87 crore in the first quarter ended June 2025, aided by revenue growth and a tax benefit from the transfer of gratuity funds to an employee trust. Revenue from operations rose 11 per cent to…
This is an AI-image, used for representational purposes only. US stocks extended their record-breaking run on Wednesday after Washington and Tokyo struck a deal to slash proposed tariffs, fuelling optimism about further trade breakthroughs. The S&P 500 rose 0.4 per cent in early trading, while the Dow Jones climbed 232 points or 0.5 per cent,…
India’s ambitions in electronics, electric vehicles (EVs), and clean energy may face critical challenges due to its limited domestic production of rare earth elements (REEs), despite holding sizable reserves. China continues to dominate the global REE supply chain, controlling over 90 per cent of the world’s processing and magnet-making capacity, reported ET.Rare earths, 17 elements…
India’s efforts to strengthen its global trade ties, including the upcoming free trade agreement (FTA) with the UK, present a timely strategic opportunity amid rising global uncertainties, the Reserve Bank of India (RBI) has said. In its July bulletin released on Wednesday, the central bank noted that building resilient trade partnerships could help India deepen…
This is an AI-generated image, used for representational purposes only. India and the UK are set to sign a wide-ranging free trade agreement on Thursday during Prime Minister Narendra Modi’s London visit, unlocking major tariff cuts and service sector benefits after three years of negotiations. The pact promises gains for exporters, professionals and businesses on…
BENGALURU: Good Glamm Group’s managing director and CEO Darpan Sanghvi has confirmed that the company will no longer operate as a single consumer goods entity, with lenders now enforcing their charge over individual brands in the portfolio.In a LinkedIn post, Sanghvi said the group structure will be dismantled and assets sold separately, following failed attempts…
Trump said that the US will always focus on having zero tariffs on its products. (AI image) US President Donald Trump on Wednesday said that he is willing to lower tariff rates for countries that will open their markets to America. Trump’s comments come at a time when countries are fast-tracking trade deal negotiations with…