Business

Uday Kotak emphasised that the Indian government needs to provide “direct fiscal support” to enhance small businesses. Uday Kotak, the billionaire Indian banking figure, has urged Prime Minister Narendra Modi’s government to enhance fiscal assistance for small and medium enterprises, highlighting concerns about the impact of Donald Trump administration’s tariffs on the Indian economy.The founder…

India-China trade tensions easing (AI-image) China’s decision to relax export controls on fertilisers, rare earths, and tunnel-boring machines to India represents a positive development, yet India must prioritise self-sufficiency to address its growing trade imbalance with Beijing, according to a Global Trade Research Initiative (GTRI) analysis.The GTRI analysis emphasised India’s substantial economic reliance on Chinese…

Bitcoin value slides (AI image) Bitcoin declined towards $113,000 on Wednesday following its peak of $124,000 last week, whilst Ethereum remained around $4,100, indicating market uncertainty, as per analysts, quoted by Economic Times.“The crypto market is caught in a fragile moment, where sentiment is swinging faster than prices themselves. Bitcoin slipping toward $113,000 and Ethereum…

MUMBAI: The rupee recorded its biggest daily gain in a month, regaining the 86 level, with the domestic unit firming up 40 paise to close at 86.95 on Tuesday, up from 87.35 on Monday.The rally came on optimism that the U.S. may ease its stance on additional 25% tariffs after talks between Donald Trump, Vladimir…

NEW DELHI: Govt has waived customs duty on raw cotton imports for 40 days, seeking to cool prices and ease pressure on textile mills grappling with rising input costs due to the tariffs.The exemption, effective Aug 19 to Sept 30, removes the 5% basic customs duty and the 5% agriculture infrastructure and development cess. Govt…

India intends to secure approximately 10% share of worldwide green hydrogen demand, projected to surpass 100 million metric tonnes by 2030, according to Shripad Naik, minister of state for power and new and renewable energy, speaking on Tuesday. Under the National Green Hydrogen Mission, Substantial progress has been achieved towards production goals, with 19 companies…

ALMHULT: After putting in over Rs 10,500 crore since 2018 in India, Swedish furniture retailer IKEA is planning a “second wave” of growth in India, focused on accelerated expansion backed by stronger local sourcing and logistics and a deeper omni-channel strategy, said Patrik Antoni, CEO, IKEA India.Discussing the challenges due to the US’s tariff moves,…

New Delhi: As part of its efforts to double the investor base, the Association of Mutual Funds of India (Amfi) is working with India Post to train nearly one lakh postmen as distributors, in addition to focusing on four states to ensure that every district has at least 10 distributors by end of the year.Amfi…

Unemployment on rise in Washington (AI-image) US capitol Washington DC maintained the nation’s highest seasonally adjusted unemployment rate for three consecutive months, according to recent Bureau of Labour Statistics data released on Tuesday.The District’s July unemployment rate reached 6%, primarily due to extensive federal workforce reductions implemented by President Donald Trump‘s Department of Government Efficiency….

NEW DELHI: The Union Cabinet, chaired by Prime Minister Narendra Modi, on Tuesday approved a bill to regulate online real-money gaming platforms, PTI reported, quoting sources. “The Cabinet has approved the bill to regulate online gaming platforms that involve real money,” the source told PTI.“The government is trying to table the bill in Parliament on…