How will Trump’s 50% tariffs impact the Indian industry? Which sectors will be the most hit? US President Donald Trump-led administration has notified that 25% additional tariffs on India’s exports to the US will be effective August 27. This takes the total tariffs applicable on India to 50%, among the highest faced by major countries…
Banks across several states will remain closed on Wednesday, August 27 on account of Ganesh Chaturthi. According to the Reserve Bank of India’s (RBI) holiday calendar, banks in Gujarat, Maharashtra, Bengaluru, Odisha, Tamil Nadu, Telangana, Goa and Andhra Pradesh will not be operational for the day. While physical branches will remain closed, customers can continue…
Toshihiro Suzuki after PM Modi launched the export programme of Maruti Suzuki India’s first electric vehicle e VITARA Japanese car manufacturer Suzuki Motor Corporation, on Tuesday, announced plans to invest Rs 70,000 crore in India over the next five to six years to enhance its operations in the country, as said by Representative Director and…
Indian stock markets will suspend operations on Wednesday, August 27 on the occasion of Ganesh Chaturthi. This represents the second market holiday in August, following the earlier closure on August 15 for Independence Day celebrations, apart from the routine weekend offs.Operations at both BSE and NSE will cease completely for the day, affecting all trading…
PM Modi flags off Maruti EV in Gujarat NEW DELHI: Prime Minister Narendra Modi on Tuesday flagged off Maruti Suzuki’s first Battery Electric Vehicle (BEV), e-Vitara, at Hansalpur, Gujarat. The EV, made in India, will be exported to over 100 countries, signifying India’s growing ambitions in green mobility and self-reliance.The launch coincided with the commencement…
New Delhi: Apple has told govt that it does not intend to slow down the expansion of iPhone production in India. This expansion is estimated to entail investments of around $2.5 billion and will continue to boost manufacturing capacity to around 60 million units annually, up from the current 40 million-plus units. A large part…
Crypto trade in Futures surpasses Spot deals (AI image) A major shift can be seen in India’s cryptocurrency market, with futures trading volumes on local exchanges now surpassing spot transactions by more than threefold. According to Economic Times, industry executives and legal experts attribute the surge to the recent upswing in crypto prices, leverage-driven profit…
New Delhi: The Reserve Bank of India (RBI) is holding consultations with exporters on the kind of support that may be required to help them overcome challenges they face due to disruption in shipments, following the 50% additional tariff imposed by the US.“Some consultations are planned later this week,” an industry source told TOI, adding…
GTRI believes that the US tariffs implementation represents a substantial trade challenge for India’s economy. (AI image) The Donald Trump administration’s move to impose 50% tariffs on India effective August 27, will pose a significant export challenge for the world’s fifth largest economy. The US administration has released a draft notification outlining its strategy to…
Gold price prediction: Gold needs to take out strong resistance at $3,410 to target the next resistance at $3,450. Support is at $3346 (Rs 99,800)/$3319 (Rs 98,900). (AI image) Gold price prediction today: Gold rates are expected to rise with the US Federal Reserve Chairman Jerome Powell signalling rate cuts. The Donald Trump administration’s 50%…
