Search results for 'economy'

US trans-shipment tariff to create major compliance issues

US trans-shipment tariff to create major compliance issues

Rediff.com21 Oct 2025

The 40 per cent trans-shipment tariff by the US will create major compliance issues for companies in India and the ASEAN region, with high risks for sectors like machinery, electrical equipment and semiconductors, Moody's Ratings said on Tuesday. In July 31, US President Donald Trump announced a 40 per cent tariff on goods deemed to have been transshipped, beyond the broader country-level tariffs.

India among UBS' preferred bets amid positive EM outlook

India among UBS' preferred bets amid positive EM outlook

Rediff.com29 Oct 2025

UBS has turned bullish on emerging markets (EM), including India, as it finds benign macro trends, positive momentum in earnings revisions, and resilient EM currencies helping these economies sustain higher valuations and attracting flows. Among regions, it has upgraded Mainland China to 'attractive' and China Tech to 'most attractive', while downgrading Philippines to 'neutral'.

'Insurance Sector Is At An Unstable Equilibrium'

'Insurance Sector Is At An Unstable Equilibrium'

Rediff.com3 Nov 2025

'Other sectors that manage the savings pools of Indians are giving tough competition to life insurance companies.'

Will Bihar Lift The Liquor Ban After Polls?

Will Bihar Lift The Liquor Ban After Polls?

Rediff.com22 Oct 2025

Voters are weighing a stark trade-off -- between preserving a socially driven policy and reversing course to revive revenue, restore fiscal balance, and rein in the underground liquor economy.

Auto retail sales surge to all-time high of over 52 lakh units

Auto retail sales surge to all-time high of over 52 lakh units

Rediff.com7 Nov 2025

Automobile retail sales across the domestic market witnessed a 21 per cent year-on-year increase in the 42-day festive season led by record registrations of passenger vehicles and two-wheelers aided by GST rejig enabled drop in prices across segments, dealer' body FADA said on Friday.

M&M, Manulife to form life insurance JV with 7,200 crore investment

M&M, Manulife to form life insurance JV with 7,200 crore investment

Rediff.com14 Nov 2025

Canadian firm Manulife and Mahindra & Mahindra (M&M), an Indian automaker with interests in financial services, have signed an agreement to form a 50:50 life insurance joint venture (JV) with a total capital commitment of up to Rs 3,600 crore each totalling Rs 7,200 crore.

India's GDP to grow 6.7-6.9% in FY26: Deloitte

India's GDP to grow 6.7-6.9% in FY26: Deloitte

Rediff.com23 Oct 2025

Deloitte India on Thursday projected India's economy to grow 6.7-6.9 per cent in the current fiscal amid buoyant demand and policy reforms. Indian economy grew 7.8 per cent in the April-June quarter of current fiscal.

Govt planning transport authority to drive multimodal corridors

Govt planning transport authority to drive multimodal corridors

Rediff.com5 Nov 2025

The government is planning to set up an integrated transport planning authority for faster and comprehensive planning among multiple transport ministries such as highways, railways, and shipping & ports.

Economists torn between rate cut and pause in next MPC

Economists torn between rate cut and pause in next MPC

Rediff.com31 Oct 2025

While participants in the domestic financial market are expecting a 25 basis-point policy repo rate cut in the December meeting of the Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI), economists remain torn between a reduction in rate cut and a pause.

India Now World's Fourth Largest Economy, Overtakes Japan

India Now World's Fourth Largest Economy, Overtakes Japan

Rediff.com24 May 2025

India has become the world's fourth largest economy, overtaking Japan, according to NITI Aayog CEO B V R Subrahmanyam. He cited IMF data, stating that India's economy is now larger than Japan's, with a USD 4 trillion GDP. Subrahmanyam also highlighted the favorable geopolitical and economic environment for India, predicting that within 2.5-3 years, India will become the third largest economy.

Siraj leads 2025 Test wickets charts!

Siraj leads 2025 Test wickets charts!

Rediff.com13 Oct 2025

Mohammed Siraj on Monday surpassed Zimbabwe's Blessing Muzarabani to become the world's leading wicket-taker in Tests in 2025.

World Bank raises India's growth projection to 6.5% for 2025-26

World Bank raises India's growth projection to 6.5% for 2025-26

Rediff.com7 Oct 2025

The World Bank on Tuesday raised India's growth forecast for the current fiscal to 6.5 per cent from 6.3 per cent estimated earlier, and said the country is expected to remain fastest-growing major economy, underpinned by continued strength in consumption growth.

TCS launches AI hub in London; to create 5K UK jobs in 3 years

TCS launches AI hub in London; to create 5K UK jobs in 3 years

Rediff.com10 Oct 2025

Tata Consultancy Services (TCS) on Friday announced the launch of an Artificial Intelligence (AI) Experience Zone and Design Studio in London, and said its continued investments in the UK will create 5,000 new jobs across the country over the next three years. Currently, TCS supports over 42,000 direct and indirect jobs across the United Kingdom. In FY2024, TCS contributed 3.3 billion pounds to the UK economy, according to a regulatory filing by the company.

Budget wishlist: Industry seeks easier tax rules, dispute fixes

Budget wishlist: Industry seeks easier tax rules, dispute fixes

Rediff.com3 Nov 2025

With the Union Budget three months away, major industry chambers have submitted to the government proposals on common taxes, seeking simpler compliance and a quicker resolution of tax disputes.

NITI CEO bats for trading ties with China, neighbours

NITI CEO bats for trading ties with China, neighbours

Rediff.com7 Oct 2025

India should have strong trading arrangements with its neighbours including China, which is a USD 18 trillion economy that cannot be avoided, NITI Aayog CEO BVR Subrahmanyam has said.

Want To Hire Gen Z? Focus On Environment First

Want To Hire Gen Z? Focus On Environment First

Rediff.com28 Oct 2025

65 per cent of Gen Zs and 63 per cent of millennials feel worried about the environment and are willing to pay more for sustainable products or services.

India to emerge as largest scotch market

India to emerge as largest scotch market

Rediff.com10 Nov 2025

India is poised to become the largest global scotch whisky market in value and volume terms over the next few years, fuelled by competitive intensity, premiumisation and economic growth, Scotch Whisky Association chief executive Mark Kent CMG has said.

IPL Retentions: Who Are In, Who Are Out?

IPL Retentions: Who Are In, Who Are Out?

Rediff.com16 Nov 2025

Ahead of the mini-auction, scheduled to be held in Doha on December 26, the 10 franchises have released their list of retained and released players.

Why Nitish Reddy is not playing in third Australia ODI

Why Nitish Reddy is not playing in third Australia ODI

Rediff.com25 Oct 2025

Nitish Kumar Reddy sustained a left quadriceps injury during the second ODI in Adelaide and was subsequently unavailable for selection for the third ODI

'Gopi Was A Champion Of Enterprise'

'Gopi Was A Champion Of Enterprise'

Rediff.com6 Nov 2025

'What made Gopi a man above others was his belief that business carried a broader purpose -- creating opportunity and bridging cultures.' Lakshmi Mittal, executive chairman, ArcelorMittal, pays tribute to Gopichand Hinduja who passed into the ages on November 4, 2025.

JLR Cyberattack Triggers $2.55 Billion Shockwave

JLR Cyberattack Triggers $2.55 Billion Shockwave

Rediff.com23 Oct 2025

At an estimated 1.9 billion in losses and over 5,000 UK organisations affected, the Jaguar Land Rover cyberattack has been labelled the most economically damaging cyber incident in UK history, exposing the deep vulnerability of interconnected supply chains.

'Gen Zs Are Not Interested In Farming'

'Gen Zs Are Not Interested In Farming'

Rediff.com3 Nov 2025

'They are totally disconnected with farm activities which their families have been involved in for years.'

Trump admin faces lawsuit over H-1B visa fee hike

Trump admin faces lawsuit over H-1B visa fee hike

Rediff.com17 Oct 2025

The US Chamber of Commerce has filed a lawsuit against the Trump administration's decision to impose a USD 100,000 fee on new H-1B visa petitions, arguing it harms American innovation and competitiveness.

Have Climate Summits Lost The Mojo?

Have Climate Summits Lost The Mojo?

Rediff.com8 Nov 2025

How the UN's flagship climate summit lost its direction and what's at stake.

'Harmanpreet's 171 Was The Turning Point'

'Harmanpreet's 171 Was The Turning Point'

Rediff.com13 Nov 2025

For spin great Neetu David it was a culmination of a lifelong dream -- to see the India women's team finally end their wait for a World title.

'Mamdani's win NYC's answer to right-wing movements'

'Mamdani's win NYC's answer to right-wing movements'

Rediff.com6 Nov 2025

'We should not look at him as a representative of the Indian community, especially now that he is the mayor of New York. What is important is the value he upholds, which are general values that liberals across the world would believe in'

What India Plans to Focus On At COP30 Summit in Brazil

What India Plans to Focus On At COP30 Summit in Brazil

Rediff.com27 Oct 2025

'At COP30, the emphasis will be on unlocking climate finance, reinforcing the principle of common but differentiated responsibilities, and building resilience through inclusive transitions and the mainstreaming of adaptation.'

Recent RBI policies to help banks stay at equilibrium: Kamath

Recent RBI policies to help banks stay at equilibrium: Kamath

Rediff.com17 Oct 2025

The recent policies that have been announced by the Reserve Bank of India (RBI) will allow banks to fully use its capital, funding profile to keep business at an equilibrium level, which otherwise was getting skewed towards retail, said K V Kamath, chairman, Jio Financial Services.

AI Threat: 2 Million Tech Jobs At Risk

AI Threat: 2 Million Tech Jobs At Risk

Rediff.com20 Oct 2025

To turn disruption into opportunity, NITI Aayog has recommended the launch of a National AI Talent Mission to make India the AI workforce capital of the world.

IndiGo flies into red on forex headwinds; Q2 loss widens to Rs 2,582 cr

IndiGo flies into red on forex headwinds; Q2 loss widens to Rs 2,582 cr

Rediff.com4 Nov 2025

The country's largest airline IndiGo on Tuesday reported a loss of Rs 2,582.10 crore in the September quarter as higher forex losses and expenses impacted the bottom line, and it expects to induct the first long range Airbus A321 XLR aircraft in December. The airline, which had a loss of Rs 986.7 crore in the year-ago period, said hedging actions and more revenues in foreign currencies from international operations will help cushion the currency movements.

'Zohran Mamdani Has A Very Complicated Identity'

'Zohran Mamdani Has A Very Complicated Identity'

Rediff.com13 Nov 2025

'He knew the world's eyes were on him, and he had to speak directly to the fears that immigrants in New York feel right now.'

Are College Degrees Worth It? Nvidia CEO says...

Are College Degrees Worth It? Nvidia CEO says...

Rediff.com7 Oct 2025

Nvidia's Jensen Huang questions the dominance of degrees in the AI economy.

India spent 2.5 bn euro to buy Russian oil in Sep

India spent 2.5 bn euro to buy Russian oil in Sep

Rediff.com16 Oct 2025

India, the world's third-largest oil consumer, spent 2.5 billion euro on buying crude oil from Russia in September, 14 per cent less than the previous month, a European think tank said. India remained the second-largest buyer of Russian fossil fuels in September behind China, according to the Centre for Research on Energy and Clean Air (CREA).

Omar resumes Darbar Move after 4 yrs, gets grand welcome in Jammu

Omar resumes Darbar Move after 4 yrs, gets grand welcome in Jammu

Rediff.com3 Nov 2025

Jammu and Kashmir Chief Minister Omar Abdullah on Monday left his official residence on foot for his office at the Civil Secretariat in Jammu, marking the resumption of the biannual 'Darbar Move' after a gap of four years.

Trump cuts tariff on China to 47% after meeting Xi

Trump cuts tariff on China to 47% after meeting Xi

Rediff.com30 Oct 2025

Speaking to reporters aboard Air Force One, Trump stated, "We have a deal," referring to the trade pact which will be routinely extended. "Every year we'll renegotiate the deal, but I think the deal will go on for a long time, long beyond the year. We'll negotiate at the end of the year," he added.

Iran shutting Hormuz Strait will impact Indian economy: Experts

Iran shutting Hormuz Strait will impact Indian economy: Experts

Rediff.com22 Jun 2025

The Israel-Iran conflict has entered a 'decisive phase' after the United States bombed three major Iranian nuclear sites Sunday morning, feel strategic affairs experts with some of them arguing it was Washington, DC's 'responsibility' to not get involved in the military standoff.

US sanctions 2 largest Russian Oil companies

US sanctions 2 largest Russian Oil companies

Rediff.com23 Oct 2025

The US Department of the Treasury on Wednesday imposed sanctions on Russia's two largest oil companies, Rosneft and Lukoil, in an effort to pressure the Kremlin to end its war in Ukraine.

Equal work, unequal wages: pay gap persists for gig workers

Equal work, unequal wages: pay gap persists for gig workers

Rediff.com26 Oct 2025

Even as festive hiring for the year surged, wage parity between gig and permanent employees remained unresolved, with 47 per cent of respondents believing there is a pay gap, a report has revealed.

'Won't do anything under pressure': Putin responds to US sanctions

'Won't do anything under pressure': Putin responds to US sanctions

Rediff.com24 Oct 2025

Russian President Vladimir Putin on Thursday described the latest United States sanctions as an 'unfriendly move' that would not help relations between Moscow and Washington, DC.

GST collection grows at slower pace of 4.6% in October

GST collection grows at slower pace of 4.6% in October

Rediff.com1 Nov 2025

Festive buying spree unleashed by lower tax rates pushed gross GST collection to about Rs 1.96 lakh crore in October, registering a 4.6 per cent year-on-year growth -- the slowest rate so far this fiscal.