Captain Fresh CEO Utham Gowda Seafood exporter Captain Fresh, which has a revenue of close to $800 million, has exposure of around 65% to the US market and has shifted most of the sourcing to Ecuador to tackle the impact of tariffs. Now, it is not just looking to bring that back to India but…
CHENNAI: India’s textile, apparel and leather exporters are expecting a sustained recovery in orders from the US, following tariff reductions under the proposed India–US trade deal. Industry representatives said the move will restore competitiveness, improve margins and revive volumes that were under pressure over the past year.Textile and apparel exporters are now expecting an increased…
MUMBAI: The boards of Aditya Birla Capital and Aditya Birla Housing Finance approved a Rs 2,750 crore primary capital infusion into the housing finance arm through Indriya, an Advent International entity, to fund growth, subject to shareholder and regulatory approvals and customary conditions. The transaction values the housing finance company at Rs 19,250 crore on…
MUMBAI: Reliance Industries (RIL) has acquired a 50.1% stake in Oscar-winning producer Guneet Monga Kapoor’s Sikhya Entertainment for Rs 150 crore. The acquisition has been routed through Reliance Strategic Business Ventures, a wholly owned subsidiary of RIL. The investment strengthens the content portfolio of Jio Studios, RIL’s media and entertainment arm, which has produced over…
Union minister Piyush Goyal (PTI photo) NEW DELHI: The India-US trade talks have been a series of developments late into the night and Monday was no different. Having just concluded the EU trade deal, most officials in the commerce department had wound up for the day when US President Donald Trump announced that an understanding…
MUMBAI: The US-India trade deal is expected to have a positive impact on foreign fund buying in India, potentially reversing their massive outflow from the stock market witnessed in recent months.On one hand, the deal lifts a long-standing overhang from the market that in turn would improve investor sentiment about India globally. In addition, this…
India and the United States have agreed on a framework for a bilateral trade deal under which Washington will reduce tariffs on Indian goods to 18% from the current 50%.The announcement is significant as the US had imposed steep duties on Indian exports entering American markets, effective August 27, 2025. ‘India-US Trade Deal Removes Competitive…
NEW DELHI: Domestic drugmakers are set to gain clarity under the proposed India-US trade agreement, sharpening expansion plans in the world’s most lucrative pharmaceutical market. While the sector was insulated from punitive US tariffs, the generics business of major companies including Sun Pharma, Dr Reddy’s and Cipla faced significant headwinds in the third quarter ended…
India will restrict crude oil purchases from Russia and limit imports only to cases where supplies are irreplaceable, as part of a broader understanding reached with the United States to secure lower trade tariffs, sources quoted by news agency PTI claimed.While no immediate blanket ban is planned, Indian refiners will not place fresh orders for…
US Trade Representative Jamieson Greer on Tuesday said that the Trump administration is working to formally finalise the trade agreement announced with India, further noting that New Delhi “is maintaining protection around agricultural goods.““We’ll finish papering it, but we know the specifics, we know the details,” Greer said in an interview with CNBC. He further…
