(AI image) NEW DELHI: India in its first countermeasure to US President Donald Trump’s 50% tariff on Indian goods, announced dedicated outreach programmes in 40 key markets, including the UK, Japan, and South Korea, to boost textile exports, an official said on Wednesday.The targeted push will also cover Germany, France, Italy, Spain, the Netherlands, Poland,…
According to GTRI’s assessment, India is expected to reduce the negative effects of US tariffs in the coming months. How should India deal with the 50% tariffs imposed by the Donald Trump administration on Indian exports? Ajay Srivastava of Global Trade Research Initiative (GTRI) says there are two ways in which India can absorb the…
The newly constructed Huajiang Grand Canyon Bridge in Southwest China has cleared its final load test and is on track to become the world’s tallest bridge, connecting previously isolated regions in Guizhou province, as reported by local newspaper China Daily. Spanning the Beipan River gorge in Huajiang town, the bridge crosses limestone cliffs formed from…
The Union Cabinet on Wednesday approved the restructuring and extension of the Prime Minister Street Vendor’s AtmaNirbhar Nidhi (PM SVANidhi) scheme, extending the lending period from December 31, 2024 to March 31, 2030 with a total outlay of Rs 7,332 crore.The restructured scheme aims to benefit 1.15 crore beneficiaries, including 50 lakh new entrants, according…
India is facing 50% tariffs from US (AI image) The Commerce Ministry has scheduled multiple sessions this week to engage with exporters across various industries, including chemicals, gems and jewellery. These discussions aim to explore new export markets as a response to shield industries from the substantial 50 per cent US tariffs on Indian products,…
Foreign portfolio investors, despite being net sellers in the listed secondary market, are substantially investing as anchor investors in IPOs of Indian companies, demonstrating confidence in India’s exceptional growth trajectory.Overseas funds’ investments in Indian IPO anchor books increased by 300% to Rs 26,508 crore in FY25 compared to the previous year. FPIs’ proportion in total…
The government has cancelled the auction of five critical mineral blocks, including a rare earth element (REE) mine in Karnataka, in the fifth round of sale after receiving poor response, according to a notice issued by the mines ministry.No bids were received for three of the blocks — two glauconite mines in Gujarat and Chhattisgarh…
Hansalpur: Maruti and its Japanese parent Suzuki Motor on Tuesday said they will invest Rs 70,000 crore in India over the next 5-6 years, but added that localising batteries for fully-electric cars remains a challenge in the absence of lithium-ion reserves.As the company rolled out its first fully-electric vehicle, the eVitara, global president T Suzuki…
NEW DELHI: Banks have been directed by the government to reduce failed transactions under the PM-Kisan Samman Nidhi Yojana, after feedback highlighted delays caused by issues such as unmapped Aadhaar numbers, closed accounts and incomplete KYC verification. Officials said state-level initiatives and corrective measures are being rolled out to address these challenges. The government has…
Trump has consistently warned of sanctions and additional repercussions for Moscow. (AI image) US President Donald Trump has issued a fresh warning of ‘economic war’ to Russia if Russian President Vladimir Putin and Ukrainian President Volodymyr Zelenskiy fail to resolve their ongoing conflict.According to a Bloomberg report, Trump said the ‘economic war’ would be ‘very…
