News for 'State for Business and Trade'

Temasek lifts India exposure to 8% as China share declines for third year

Temasek lifts India exposure to 8% as China share declines for third year

Rediff.com10 Jul 2025

Singapore's state investor Temasek Holdings, which recently picked up 10 per cent stake in Haldiram, has been consistently expanding its footprint in India while slowly withdrawing from China over the last three years amid growing geopolitical risks and economic headwinds. India has become Temasek's third-largest market, after Singapore (27 per cent) and China (18 per cent), with its exposure to the country higher than the rest of Asia Pacific excluding the three (11 per cent), according to Temasek's annual review.

Emission Norms Battle Hots Up: M&M Counters Maruti Suzuki

Emission Norms Battle Hots Up: M&M Counters Maruti Suzuki

Rediff.com21 Jul 2025

The growing rift between MSIL and rival automakers has complicated the government's efforts to finalise the CAFE norms.

FULL TEXT: President's address to the nation on I-Day eve

FULL TEXT: President's address to the nation on I-Day eve

Rediff.com15 Aug 2025

President Droupadi Murmu's address to the nation on the eve of the 79th Independence Day.

Banking, oil shares drag Sensex down 156 points

Banking, oil shares drag Sensex down 156 points

Rediff.com6 May 2025

Among Sensex firms, Eternal, Tata Motors, State Bank of India, Adani Ports, NTPC, IndusInd Bank, Bajaj Finance, Asian Paints, Axis Bank and Sun Pharma were the major losers. Bharti Airtel, Tata Steel, Mahindra & Mahindra, Hindustan Unilever, Nestle and Maruti were among the gainers.

India could double US energy purchases this year to offset tariff threat

India could double US energy purchases this year to offset tariff threat

Rediff.com24 Apr 2025

India's purchase of US crude oil has picked up in 2025 and could easily double their previous levels, government officials said on Wednesday. The surge comes in the wake of the then-incoming Donald Trump administration's announcement that it would consider hiking tariffs on a reciprocal basis, and pushed some countries, especially those with large trade surpluses with the US, to buy more of its energy.

Why Birla finds US an attractive investment destination

Why Birla finds US an attractive investment destination

Rediff.com3 Jun 2025

The United States offers an "abundance" of stability and transparency, which makes the world's largest economy an attractive investment destination for the Aditya Birla Group, a top official from the Indian conglomerate has said. Kumar Mangalam Birla said the group chaired by him has invested $15 billion in the US over the last 17 years, making it the biggest Indian investor in the country.

Bold Moves Must For Silver Screen To Sparkle Again

Bold Moves Must For Silver Screen To Sparkle Again

Rediff.com12 Jul 2025

More screens, more films, and longer windows will convert to more people watching, assuming they know a film is releasing, points out Vanita Kohli-Khandekar.

Tharoor shares selfie with BJP minister amid growing rift with Cong

Tharoor shares selfie with BJP minister amid growing rift with Cong

Rediff.com25 Feb 2025

Senior Congress leader Shashi Tharoor welcomed the revival of long-stalled India-UK FTA negotiations, posting a selfie with Union Commerce and Industry Minister Piyush Goyal and the UK's Secretary of State for Business and Trade Jonathan Reynolds. Tharoor's post comes amid a row over his recent article praising the Kerala government's investment climate, which drew criticism from some Congress leaders.

SC takes up case over ED summoning senior lawyers

SC takes up case over ED summoning senior lawyers

Rediff.com9 Jul 2025

The Supreme Court has initiated a suo motu case regarding investigation agencies summoning lawyers and will examine if they can be put to notice. The action follows the Enforcement Directorate summoning senior lawyers, which was condemned by bar associations.

Trump says it for 5th time: 'I brokered India-Pakistan peace'

Trump says it for 5th time: 'I brokered India-Pakistan peace'

Rediff.com14 May 2025

US President Donald Trump has repeated his claim that Washington got involved with India and Pakistan, saying he didn't like what was happening and that he did a good job as he convinced the two countries to let's have peace and let's go and make trade deals.

Trump Has Become A Reset Button

Trump Has Become A Reset Button

Rediff.com11 Apr 2025

Trump's sweeping tariffs and penalties on China-built ships have turned global shipping into the front line of economic war, observes Shyam G Menon.

US tariffs: Exporters must be ready to prove origin of goods to Customs

US tariffs: Exporters must be ready to prove origin of goods to Customs

Rediff.com15 Apr 2025

President Donald Trump of the United States has imposed 'reciprocal tariffs' on imports from various countries. With this abandonment of the policy to impose the same tariffs on imports from most countries, nearly all governments, businesses, and economists are busy examining the short- and medium-term implications of this change.

Mid-tier IT firms outpaced larger peers' growth in FY25

Mid-tier IT firms outpaced larger peers' growth in FY25

Rediff.com22 May 2025

Mid-tier information-technology (IT) companies last financial year reported better growth numbers than their larger counterparts, highlighting their ability to navigate the uncertain macroeconomic environment. Most of these companies - such as Persistent Systems, Coforge, KPIT, and Mphasis - focus on niche businesses and industries that allow them to go deeper in terms of client mining and expanding wallet share from existing customers.

'US Taking Relations With Pakistan's Generals To A Very Dramatic Level'

'US Taking Relations With Pakistan's Generals To A Very Dramatic Level'

Rediff.com30 Jun 2025

'Trump's sons, and the son of Trump's Mideast envoy Steven Witkoff, are in the crypto business and recently signed deals with Pakistan's crypto council.' 'It may not be coincidental that not long before the Trump-Munir meeting, the head of Pakistan's crypto council met with Trump's White House crypto policy czar.'

Indian refiners target cheaper US LPG imports with help from China tariffs

Indian refiners target cheaper US LPG imports with help from China tariffs

Rediff.com5 May 2025

Chinese import tariffs have unwittingly come to India's assistance to help boost imports of US liquefied petroleum gas (LPG) at rates cheaper than what it pays for supplies from West Asia, according to industry sources and shipping data.

India's GDP growth revised downward to 6.3% for 2025

India's GDP growth revised downward to 6.3% for 2025

Rediff.com17 May 2025

India's economic growth forecast for 2025 has been revised downward to 6.3 per cent, and despite a projected moderation, the country remains one of the fastest-growing large economies, supported by resilient consumption and government spending, the United Nations has said.

'US May Demand Not Just Tariff Cuts But...'

'US May Demand Not Just Tariff Cuts But...'

Rediff.com5 Mar 2025

I'...additional concessions, such as opening government procurement, reducing agricultural subsidies, weakening patent protections, and allowing unrestricted data flows -- demands India has resisted for decades.'

A bigger success than....: Trump on India, Pak truce

A bigger success than....: Trump on India, Pak truce

Rediff.com17 May 2025

Trump went on to say that "I'm using trade to settle scores and to make peace."

Trump offers olive branch to China after counter tariffs

Trump offers olive branch to China after counter tariffs

Rediff.com5 Apr 2025

US President Donald Trump has proposed a deal to China that would see the sale of TikTok's US operations to an American buyer in exchange for a reduction in tariffs on Chinese exports to the US. The proposal comes amid a trade war between the two countries and follows China's retaliation of Trump's tariffs on Chinese goods. Trump has also said that tariffs are a powerful economic tool and that he is determined to ensure fair trade between the US and China.

Fitch cuts India growth estimates by 10 bps to 6.4%

Fitch cuts India growth estimates by 10 bps to 6.4%

Rediff.com17 Apr 2025

Fitch Ratings on Thursday cut India's GDP growth estimate by 10 basis points to 6.4 per cent for the current fiscal, but retained the projections for the next financial year, on concerns over a 'severe' escalation in global trade war. "It is hard to predict US trade policy with any confidence. Massive policy uncertainty is hurting business investment prospects, equity price falls are reducing household wealth, and US exporters will be hit by retaliation," Fitch said in its special update to quarterly Global Economic Outlook (GEO).

What Trump Tariffs Can India Expect On April 2?

What Trump Tariffs Can India Expect On April 2?

Rediff.com26 Mar 2025

'As negotiations continue, the path forward demands not only diplomatic skill, but also vigilance against legal asymmetries embedded in America's trade playbook.'

'Clients Are In Risk-management Mode'

'Clients Are In Risk-management Mode'

Rediff.com28 Apr 2025

'Entering India is exciting, but it's also challenging. You have to be prepared for long-term investment.'

'India is a land of opportunities'

'India is a land of opportunities'

Rediff.com13 May 2025

'We've maintained that India is a high-penetration game. It's not only a premiumisation game.'

Trump's Tariff Tsunami: Will India Sink or Reform?

Trump's Tariff Tsunami: Will India Sink or Reform?

Rediff.com21 Apr 2025

The Trump trade shock is a chance to push long-overdue reforms, rather than tinker with tariffs to appease the US, suggests M Govinda Rao.

Will US Host India-Pakistan Talks In Washington?

Will US Host India-Pakistan Talks In Washington?

Rediff.com15 May 2025

Acutely conscious that he's left with less than four years to create his legacy, Trump is undoubtedly a man in a hurry, observes Ambassador M K Bhadrakumar.

Tata Motors expects to achieve 30% EV penetration ahead of target: Chandra

Tata Motors expects to achieve 30% EV penetration ahead of target: Chandra

Rediff.com21 Jun 2025

Tata Motors is hoping to beat its target year of 2030 and have 30 per cent of its portfolio comprising electric vehicles (EVs), according to Chairman N Chandrasekaran, who was speaking at the company's last annual general meeting (AGM) ahead if its demerger.

Amitabh Kant resigns as G20 Sherpa, to begin new chapter

Amitabh Kant resigns as G20 Sherpa, to begin new chapter

Rediff.com16 Jun 2025

Kant, a retired 1980-batch Indian Administrative Service (IAS) officer of Kerala cadre, was appointed as India's G20 Sherpa in July 2022, months before India assumed the G20 Presidency.

Make no mistake, we will win: New Canadian PM slams Trump

Make no mistake, we will win: New Canadian PM slams Trump

Rediff.com10 Mar 2025

Canada's next prime minister Mark Carney slammed United States President Donald Trump for 'unjustified tariffs', saying Americans should make no mistake as Canada will win the trade war just as it wins in hockey.

Can China Successfully Challenge The US?

Can China Successfully Challenge The US?

Rediff.com16 Apr 2025

If Beijing succeeds in this multipronged effort to challenge the current dominant power, it will have not just economic but political and security consequences. There is no let-up in the South China Sea nor any de-escalation moves on the India-China border. This portends to ominous signalling from Beijing, observes China expert Srikanth Kondapalli.

Itachuna: Regal, Rich, And A Bit Spooky

Itachuna: Regal, Rich, And A Bit Spooky

Rediff.com2 Jul 2025

Rajbaris are a link to Bengal's rich past, of grand mansions, classical fine dining, and allow guests to be pretend zamindars for those few hours or days that they stay.

Trump tariffs: 'This is not a tax cut, this is a tax hike'

Trump tariffs: 'This is not a tax cut, this is a tax hike'

Rediff.com3 Apr 2025

"These latest so-called 'Liberation Day' tariffs are reckless and self-destructive, inflicting financial pain on Illinois at a time when people are already struggling to keep their small businesses afloat and put food on the table."

EXPLAINED: Trump's reciprocal tariffs

EXPLAINED: Trump's reciprocal tariffs

Rediff.com3 Apr 2025

Here is a list of Q & As to explain these issues and implications of the US move.

'Zero-For-Zero Tariff Is Best Medicine For India'

'Zero-For-Zero Tariff Is Best Medicine For India'

Rediff.com21 Apr 2025

'No retaliatory tariffs now. You can retaliate after a few months.' 'Today, there is no need to retaliate because it is a question of long term benefits.'

CBIC Eases GST Rules, Checks Overreach

CBIC Eases GST Rules, Checks Overreach

Rediff.com19 Apr 2025

The revised guidelines are aimed at curbing discretionary practices by field officers, especially the tendency to seek documents not mandated under the law.

The Swades State Of Mind

The Swades State Of Mind

Rediff.com19 Dec 2024

As Swades turns 20, Aseem Chhabra looks back at the film that spoke to him.

From 96% holding to a sliver: How Gensol promoters made swift exit

From 96% holding to a sliver: How Gensol promoters made swift exit

Rediff.com29 Apr 2025

When Gensol Engineering made its public market debut through a small and medium enterprises (SME) initial public offering (IPO) in September 2019, its promoters held a commanding 96 per cent stake. Now, that figure has shrunk to a "negligible" fraction.

'Trump's Hopes For India's Tariff Cuts Too Ambitious'

'Trump's Hopes For India's Tariff Cuts Too Ambitious'

Rediff.com2 Apr 2025

'I certainly hope the two can avoid a trade war and believe they will.' 'I expect some in India will push for retaliatory tariffs if the Trump administration applies significant reciprocal tariffs.'

FTA talks may figure in Sitharaman's London meetings

FTA talks may figure in Sitharaman's London meetings

Rediff.com31 Mar 2025

Issues related to the proposed free trade agreement (FTA) and bilateral investment treaty between India and the UK are expected to figure during the three-day visit of Finance Minister Nirmala Sitharaman to London from April 8-10, official sources said. The minister will attend a host of meetings, including the India-United Kingdom Economic and Financial Dialogue, in London.

Singapore's ruling party sweeps back to power

Singapore's ruling party sweeps back to power

Rediff.com4 May 2025

Singapore's long-ruling People's Action Party (PAP), led by Prime Minister Lawrence Wong, has secured a landslide victory in the country's general election. The PAP won 87 of 97 seats, with voters endorsing the party's focus on stability and economic security amidst global uncertainties. Wong expressed gratitude for the strong mandate and vowed to tackle concerns about the cost of living and housing. The results mark a significant win for the PAP, which has been in power since Singapore's independence in 1965.

Sun Pharma Q4 profit down 19% at Rs 2,149.8 cr, revenue up 8%

Sun Pharma Q4 profit down 19% at Rs 2,149.8 cr, revenue up 8%

Rediff.com23 May 2025

India's largest drug maker Sun Pharmaceutical on Thursday posted a decline of 19 per cent year-on-year (Y-o-Y) for its consolidated net profit for the fourth quarter of the financial year 2025 (Q4FY25) at Rs 2,149.8 crore. Meanwhile, its revenue from operations rose by 8 per cent at Rs 12,958.8 crore.