Japan recorded modest economic growth in the April–June quarter, overcoming the pressure of steep US tariffs, official figures showed on Friday. Preliminary data from the Cabinet Office indicated that gross domestic product (GDP) grew 0.3% from the previous quarter, outpacing market expectations of 0.1%. The January–March reading was also revised up to 0.1% growth from…
PM Modi promised a Diwali gift for people in the form of GST reforms and lower tax burden. (AI image) In a big cheer for the middle class and common man, Prime Minister Narendra Modi on Friday announced upcoming Goods and Services Tax (GST) reforms. Speaking from Red Fort on the occasion of the 79th…
MUMBAI: From celebrating India’s rich cultural heritage and craftsmanship to being vocal for local, Independence Day campaigns crafted by companies this year are going all out to showcase the country’s potential. As India marks its 79th year of independence amid tariff turbulence, which risks derailing the country’s short-term growth trajectory, the show of Indian might…
NEW DELHI: Ratings agency S&P Global on Thursday raised India’s sovereign rating to BBB after an 18-year gap, citing robust growth and fiscal consolidation, and asserted that 50% US tariffs, if imposed, would have an “overall marginal” impact and will not derail the country’s long-term growth prospects.The ratings upgrade comes amid a tense tariff stand-off…
MUMBAI: The Pallonji Mistry family, the largest individual shareholders of Tata Sons, have backed Noel Tata’s appointment to the board of the holding company of the $180 billion Tata Group. Noel, 69, is the son-in-law of the late Pallonji Mistry and was nominated to the board of Tata Sons by its largest shareholder, Tata Trusts….
NEW DELHI: Commerce secretary Sunil Barthwal said on Thursday that government was engaged in talks for a bilateral trade deal with the US, with deliberations taking place at multiple levels, but added that the status of an American delegation visiting India for the next round of bilateral trade talks will be known closer to the…
NEW DELHI: India’s goods exports rose 7.2% to $37.2 billion in July, snapping a two-month declining trend, while imports increased 14.7% to $64.6 billion. As a result, the trade deficit widened to $27.4 billion, the highest since last Nov.Although petrol, diesel and jet fuel exports fell 25% to $4.3 billion, it was more than offset…
NEW DELHI: Amid discussions for reduction of GST for many products, a group of ministers from states, headed by Bihar deputy CM Samrat Chaudhary, will meet next week. Several members of GoM, especially those from the Opposition, had suggested maintaining status quo on slabs and rates, citing possible adverse impact on revenue, but govt has…
NEW DELHI: Government is rolling out a four-pronged strategy to boost India’s exports, focusing on fast-tracking trade pact negotiations, improving ease of doing business, enhancing export competitiveness, and diversifying both exports and imports, a top official said on Thursday.The move comes in response to steep new US tariffs on Indian goods, which have triggered concerns…
The average rate on a 30-year mortgage in the US fell to 6.58% this week, its lowest in nearly 10 months, offering prospective homebuyers a boost in purchasing power amid a sluggish housing market, Freddie Mac reported on Thursday. The long-term rate declined from 6.63% last week, while a year ago it averaged 6.49%, AP…
