India’s industrial production picked up pace in July, rising to a four-month high of 3.5%, driven largely by the manufacturing sector, as per official data released on Thursday. The last time the country saw a similar level of growth was in March 2025, when industrial output rose 3.9%.Measured in terms of the Index of Industrial […]
US tariffs: Duty-free cotton to boost exports; ‘make Indian textiles more competitive’ says ministry
The Centre’s move to extend the import duty exemption on cotton until 31 December 2025 is set to strengthen India’s position in global textile markets, reviving orders for small and medium enterprises as well as export-oriented units, the government said.The announcement comes at a critical time, as Indian textile exporters are worried abou the impact […]
Mutual funds’ share in household savings jumps 6x in decade on inclusion, low rates & confidence boost
MUMBAI: The share of mutual funds in the household sector’s gross financial savings increased from 0.9% in 2011-12 to 6% in 2022-23. Assets under management have grown at a compounded annual growth rate (CAGR) of 17.1%. This has made mutual funds a stabilising force in equities and helped cushion the equity market against volatility triggered […]
US tariffs: FM Sitharaman holds inter-ministerial meet; explores measures to shield exporters
Finance Minister Nirmala Sitharaman on Thursday chaired an inter-ministerial meeting to explore possible support measures for exporters hit by steep US tariffs, PTI reported cited sources.The meeting was attended by senior officials from the ministries of finance, commerce, textiles, MSMEs, chemicals and fisheries.The discussions came in the wake of Trump administration’s decision to impose a […]
US job market: Fewer Americans filed for jobless benefits; applications fell to 229,000
The number of Americans seeking unemployment benefits fell last week, suggesting companies are reluctant to lay off workers even as the economy loses momentum. For the week ending 23 August, applications for jobless aid dropped by 5,000 to 229,000, the US Labour Department reported on Thursday. The figures come at a time when the jobs […]
‘Exaggerated’: India’s gains from discounted Russia oil just $2.5 bn, says CLSA; far below estimates
India’s much-talked-about savings from importing discounted Russian oil is not as large as believed. The gains are estimated to be just $2.5 per annum, far lower than the $10–25 billion, which is often quoted in media reports, a CLSA report showed on Thursday.“Benefit from Russian oil imports is way less than exaggerated media numbers,” CLSA […]
US economy: Q2 GDP growth revised upward to 3.3%; driven by low imports and strong consumer spending
The United States economy showed stronger growth than previously estimated in the second quarter of the year, government figures showed on Thursday.According to the second estimates released by the US commerce department, the gross domestic product (GDP) rose at an annual rate of 3.3% between April and June, an upward revision from the 3.0% figure […]
US tariffs: Maruti chairman says India must not give in to ‘bullying’; urges nation to stand united
A day after the 50% tariff imposed by the US on Indian goods came into effect, Maruti Suzuki India chairman RC Bhargava said that India should stand united to face the 50% tariffs imposed by the US and not give “in to any kind of bullying”.“It is our duty as Indians to do our very […]
Aviation sector faces steeper losses in FY26; passenger growth slows amid headwinds: ICRA
The Indian aviation sector is expected to encounter greater turbulence in FY2026, with projected net losses that can climb to Rs 95,000 to Rs 1,05,000 crore compared to Rs 55,000 crore in FY2025. The escalation in losses is driven by slowing passenger traffic growth alongside increasing aircraft deliveries, as cited by ICRA. “During FY2025, the […]
‘If Indians don’t budge, Trump won’t need it’: Kevin Hassett cites India’s ‘intransigence’ as US tariffs take effect; calls ties ‘complicated’
Kevin Hassett (Image: X@/ani_digital) Donald Trump’s 50 percent tariffs on Indian exports to the US took effect on Wednesday, with White House officials linking the move to both trade disputes and geopolitical tensions.US national economic council director Kevin Hassett described the India-US relationship as “complicated,” citing India’s “intransigence” to open its markets to American products […]