Apex exporters body FIEO on Tuesday expressed serious concerns over high US tariffs on Indian goods and said that textiles and apparel manufacturers in Tirupur, Noida, and Surat have halted production amid worsening cost competitiveness due to these steep duties. The US duties on Indian goods will increase to 50 per cent from August 27.
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.
'The outlook for the next Samvat is more constructive, as many of the earlier drags are gradually becoming supports.'
Led by Viswanathan Anand, the Ganges Grandmasters outclassed upGrad Mumba Masters 12-4 on the final day of the Global Chess League, avoiding a last-place finish as the tournament heads into the finals.
The Indian government has expressed its disagreement with the IMF staff's 'baseline' assumption that the 50 per cent US tariffs on its goods exports 'would remain in place indefinitely', based on which the staff pegged the country's GDP growth at 6.6 per cent this year, and pared its 2026-27 projection by 20 basis points to 6.2 per cent.
'Returning Indians can leverage their international skills and the strong funding environment for start-ups here.'
Indian rupee slipping below the record 88 level against the US dollar will enhance price competitiveness of Indian products in global markets and help exporters diversify beyond the US market, say exporters. However, import-dependent sectors such as gems and jewellery, petroleum and electronics may see lower benefits due to a rise in input costs, they stated.
Investors can meet cash needs without selling their securities.
'Crude oil prices are around $66-67 per barrel now but could fall to $55-60 if global disturbances ease.'
Stock markets will be mainly driven by quarterly earnings by corporates, foreign fund flows and global trends this week, analysts said.
'There are times when India should stand up without hesitation and voice its indignation over the US' pressure tactic. This is one such moment,' asserts Ambassador M K Bhadrakumar.
'We sent just 500 people from India to the US on H-1B visas. There is no dependence on H-1B visas.'
'The background for the Saudi-Pakistan agreement is the fact that the regional security order has collapsed due to the Israeli attack on Doha.' 'The Americans have largely abandoned their security guarantee for West Asia and the region has no choice but to look at alternatives.'
Military officials detail how the Indian Air Force's downing of a Pakistani aircraft at a long distance reflects its air superiority and dealt a psychological blow to the adversary.
This translates into an annual return of 40 per cent, suggests a recent note by the World Gold Council.
The demand growth in the low-income category is expected to be driven mainly by packaged branded sugar as well as traditionally consumed gur (jaggery) and khandsari.
India and China should build on 'good progress' in normalising the bilateral ties to address border-related issues including de-escalation, and it is essential to avoid 'restrictive trade measures and roadblocks', External Affairs Minister S Jaishankar said on Monday during talks with his Chinese counterpart Wang Yi.
Large tariffs by the United States administration and elevated geopolitical risk have increased near-term global financial stability risks, and along with weather events pose downside risks to domestic growth, Reserve Bank of India (RBI) Governor Sanjay Malhotra said in the foreword to the Financial Stability Report released on Monday.
Foreign investors continue to show confidence in the country's equity market, infusing Rs 18,620 crore so far this month, driven by a combination of global tailwinds and improving domestic fundamentals. This positive momentum follows a net investment of Rs 4,223 crore in April, marking the first inflow in three months, data with the depositories showed.
Romance may be personal, but when it enters the workplace, particularly in reporting hierarchies, it becomes a matter of governance.
'Visualise those 15 to 18 seconds: Fully loaded aircraft, pilot manually controlling with both hands (no autopilot immediately after takeoff), looking forward while switches are behind.'
If pharmaceutical exports from India to the US come under a 25 per cent tariff bracket, the impact on earnings before interest, tax, depreciation and amortisation (Ebitda) could be around 5 per cent, felt analysts. This is after assuming that about 75 per cent of the tariff would be passed on.
The study said the fund cuts could reverse decades of progress and that for many low and middle-income countries, the resulting shock would be comparable in scale to a "global pandemic" or a "major armed conflict".
Amid the ongoing global tariff war, Commerce and Industry Minister Piyush Goyal on Wednesday asked exporters not to panic and assured them that India is working on the "right mix and right balance" in its proposed trade agreement with the US.
AI chatbots often give unsafe health advice, warns a global study.
More than twice as much global glacier mass will remain if countries restrict temperature rise to 1.5 degrees Celsius, compared to the warming level of 2.7 degrees Celsius resulting from the current policies, says a new study released.
India is well-positioned to deal with the negative effects of US tariffs and global trade disruptions as domestic growth drivers and low dependence on exports anchor the economy, Moody's Ratings said on Wednesday.
Businesses are testing new markets, tapping into domestic demand, and pushing the government for relief.
A ban on US-based high-frequency trader (HFT) Jane Street did little to dent activity in the derivatives segment, with July volumes rising 10 per cent month-on-month to an eight-month high. Analysts and experts said the jump may have come from proprietary and retail traders, spurred by a spike in market volatility.
'In so far as bilateral sports events in each other's country are concerned, Indian teams will not be participating in competitions in Pakistan. Nor will we permit Pakistani teams to play in India.'
ISL clubs warn AIFF of possibility of their shutting down entirely if current impasse not resolved
'The kids are already used to this place. We go back and that's a different environment.' 'So, mentally, emotionally we are stressed.'
A new study by IIT-Kharagpur warns that ozone pollution could significantly reduce agricultural yields in India, particularly impacting wheat, rice, and maize production. The study, published in the journal 'Environmental Research', highlights the vulnerability of major food crops to rising surface ozone levels, especially in the Indo-Gangetic Plain and Central India. The researchers call for effective emission reduction strategies to mitigate these risks and ensure global food security.
'...are young Indians with aspiration to go to the US.' 'The dream has to be more about working in India...'
S&P Global Ratings on Thursday said the hostilities between India and Pakistan heighten risks to the credit metrics of both countries, and any escalation in clashes would put downward pressure on sovereign credit support.
'Indian refiners can operate without Russian crude from a technical standpoint, but the shift would involve major economic and strategic trade-offs'
Strong demand for cultural and spiritual hubs is expected for destinations like Varanasi, Kolkata during Durga Puja, and Pushkar for the camel fair, besides leisure destinations like Goa, Udaipur, Jaipur and Coorg.
The only case where there could be a change in insurance payout is if Air India's management were found to be aware of the accident and the accident was deliberate.
Analysts believe Tesla will first focus on building the Model Y brand before expanding -- both in terms of volume and models.
India will be the world's third-largest economy by 2028 as it becomes the world's most sought-after consumer market and gains share in global output, driven by macro stability influenced policy and better infrastructure, Morgan Stanley said. From a $3.5 trillion economy in 2023, the Indian economy is projected to expand to $4.7 trillion in 2026, which will make it the fourth largest in the world behind the US, China and Germany.
