PM Modi to inaugurate projects worth Rs 2548 crore in Ahmedabad, Gandhinagar (Image credits: ANI) NEW DELHI: Prime Minister Narendra Modi will inaugurate and lay the foundation stones for urban development projects worth Rs 2,548 crore in Ahmedabad and Gandhinagar on Monday and Tuesday.The initiative coincides with Gujarat celebrating the Urban Development Year and marks […]
India’s seafood basket: Exports remained flat at $7 billion in 2024-25; shipment volume dips
India’s seafood exports held steady at $7.45 billion in 2024-25, despite overall shipment volumes declining, the commerce ministry said on Saturday.The country exported 16,98,170 tonnes of seafood last fiscal, down from 17,81,602 tonnes recorded a year earlier. In 2023-24, the exports had been valued at Rs 60,523.89 crore ($7.38 billion), according to a ministry statement […]
‘Sovereign Brazil’: BNDES unveils $1.85 billion credit line to support exporters hit by US tariffs; government aid ensures liquidity and market diversification
US President Donald Trump and Brazilian president Luiz Inacio Lula da Silva (AP) Brazil’s state development bank, BNDES, on Friday announced a 10 billion reais ($1.85 billion) credit line to help companies affected by steep US tariffs. The facility is divided into funding for general operating expenses and exploring new export markets, complementing a 30 […]
Trump’s tariff windfall: CBO projects $4 trillion deficit cut from revenues; could ease strain on US debt
US president Donald Trump (AP) US president Donald Trump’s sweeping tariff hikes on imports could shrink the US deficit by $4 trillion over the next decade, the Congressional budget office (CBO) said on Friday.According to CBO, Congress’ nonpartisan analyst, higher tariff revenue would reduce primary deficits by $3.3 trillion and trim federal interest payments by […]
India cement demand to grow 7–8% CAGR: Prices seen rebounding after FY25 slump; capacity additions to pick up FY26–27
India’s cement demand set to expand at a 7–8% compound annual growth NEW DELHI: India’s cement demand is set to expand at a 7–8% compound annual growth rate over the medium term, powered by housing, infrastructure, and commercial projects, with prices expected to rebound after a sharp fall in FY25, UBS said in a report.UBS […]
‘Massive duty evasion’: Chinese fashion jewellery imports surge 25%; undercut Indian makers by 50% by reportedly bypassing HSN code
NEW DELHI: Indian fashion jewellery makers are reeling under the surge of Chinese imports, which rose 25% year-on-year. Industry executives said importers are misdeclaring shipments and under-invoicing goods to evade anti-dumping duties, making Chinese jewellery nearly 50% cheaper than Indian products.Chinese jewellery’s share of the Indian market has doubled to 50% in 2024-25 from 25% […]
Intel stake deal: Donald Trump secures 10% US ownership; CEO Lip-Bu Tan pledges American tech leadership
Donald Trump secures 10% US ownership in Intel (Picture credit: AP) The United States government has acquired a 10 per cent holding in Intel, marking one of the most striking federal interventions in a private company since the 2008 auto bailouts. US President Donald Trump announced the agreement on Friday, describing the deal as “a […]
Trump targets imported furniture: Tariffs likely in 50 days; market reacts sharply
Representational AI image US president Donald Trump on Friday announced that his administration has started a major investigation into imported furniture, a move that could soon lead to new tariffs. Posting on Truth Social, Trump said the investigation would be completed within 50 days. “Furniture coming from other countries into the United States will be […]
Festive retail sales get hit, buyers await GST, price cut
NEW DELHI: The news of a reduction in goods and services tax (GST), while cheering consumers and companies, has also led to a peculiar problem for retailers – both offline (on ground) and online.Companies say that festive demand, that usually begins from Ganesh festival in Maharashtra and Onam in the south, is turning out to […]
Private equity majors up stakes in private hospitals
NEW DELHI: Over the last five years, India’s private hospital sector has shifted increasingly into the hands of global private equity giants, reshaping the over $80 billion healthcare market through consolidation and scale.Once dominated by public institutions and family-run setups, the sector has witnessed a surge of private equity interest – a sharp departure from […]