New Delhi: Commercial vehicle from companies to dealers are expected to witness a volume growth of 3-5 per cent year-on-year in the current fiscal, rating agency Icra said. Domestic commercial vehicle wholesale volumes reported a 6.1% year-on-year rise in July 2025, even as volumes declined sequentially by 2.7%. Source link
New Delhi: Resurgent India Special Situations Fund has moved the Mumbai bench of the NCLT, filing an application to initiate insolvency proceedings against Future Consumer. Future Consumer in a regulatory filing earlier this week said: “The company would be making appropriate representation”. Source link
Slowing global growth, rising tariffs, and geopolitical tensions are forcing businesses to rethink strategy, even as AI promises “faster, better, cheaper” solutions. Sir Martin Sorrell, who built WPP into the world’s largest advertising group and now leads the digital-first ad firm, S4 Capital, says in an interview that India will play a leading role in…
New Delhi: Employment in industries rose by a healthy 5.9% in 2023-24 to over 1.9 crore from 1.8 crore in the previous year, a survey showed on Wednesday. Meanwhile, the gross value added grew by 11.9% in current prices in the year 2023-24 compared to 2022-23.The ministry of statistics and programme implementation (MoSPI) released the…
New Delhi: Backing govt stand on the trade deal with the US, Indian industry on Wednesday said the economy remained resilient and businesses will pursue a diversification strategy to offset impact of 50% additional tariffs imposed by American President Donald Trump on Indian exports.While acknowledging challenges, Apparel Export Promotion Council chief Sudhir Sekhri wrote to…
NEW DELHI: Government is going to push for bridging the gaps on several contentious issues in trade talks with the European Union next month, while also demanding that the trading bloc offer concessions on carbon tax on the lines of the deal with the US, an official said Wednesday.“We are in the last mile, quite…
NEW DELHI: India’s economy could reach $20.7 trillion in terms of purchasing power parity (PPP) by 2030 and may emerge as the second-largest economy by 2038 with $34.2 trillion GDP, an EY report said. The report also said with appropriate countermeasures, India can limit adverse impact of higher US tariffs on selected exports to about…
NEW DELHI: PM Narendra Modi on Wednesday reiterated the need to focus on self-reliance and ‘vocal-for-local’ while chairing the cabinet meeting. He also said India is ready to face all challenges and asked ministers to encourage and motivate people to buy more ‘Made in India’ products, TOI has learnt.The PM’s remarks gain significance as the…
The tariff has increased sharply from 12% to 62%, expected to severely impact exporters such as Shahi Exports, Richa Global Exports, and Eastman Exports Global Clothing. Production is concentrated in Delhi NCR, Tiruppur, Bengaluru, and Ludhiana. With Indian garments effectively priced out of the US market, sourcing is expected to shift to Bangladesh, Vietnam, and…
US President Donald Trump’s decision to impose a 50% tariff on Indian goods from August 27 will hurt major export sectors but also presents an opportunity for India to strengthen its position as a resilient and future-ready trading partner, industry bodies said on Wednesday.The tariff is expected to hit sectors such as textiles, gems and…
