Gurgaon: Either side of Delhi, the mood was grim Wednesday at India’s largest export hubs for readymade garments as 50% tariffs announced by US President Donald Trump kicked in, coinciding with the start of India’s festive season.The immediate effect is a halt in orders and bargaining from clients asking exporters to share the burden, industry…
Varanasi: With the American market accounting for almost 60% of India’s carpet exports of Rs 16,000 crore, amounting to nearly Rs 9,600 crore, the tariff hike is making the industry sweat, reports Rajeev Dikshit. Already, 85% of orders from US buyers have been put on hold.The sector is now looking towards govt for relief as…
Gurgaon: Manesar, one of the three main engines alongside Chennai and Pune of India’s massive automobile sector, is bracing for impact as the 50% tariff regime comes into effect. But unlike garment exporters, the auto ancillary industry does not have to contend with a blanket 50% tariff, giving it some wiggle room. Jagdeep Rangar of…
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…
