[ad_1] The government on Thursday announced a three-month extension for duty-free cotton imports, allowing the benefit to continue until December 31 to aid textile exporters hit by 50 percent US tariffs.“In order to support exporters further, the Central government has decided to extend the import duty exemption on cotton (HS 5201) from 30th September 2025…
[ad_1] In March, when Trump escalated trade tensions with China, Beijing initiated discreet diplomatic communications with India. (AI image) US President Donald Trump’s global tariff war has had one major consequence – India and China, the world’s second and fifth largest respectively – are growing closer, with focus on trade ties. The development is significant…
[ad_1] 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…
[ad_1] 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…
[ad_1] Gold price prediction: The bullish sentiment in gold is supported by both technical and fundamental factors. (AI image) Gold and silver price prediction today: Gold prices are likely to continue their bullish trend in the near term, says Abhilash Koikkara, Head – Forex & Commodities, Nuvama Professional Clients Group. The analyst also believes that…
[ad_1] Stock market today (AI image) Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, tanked in opening trade on Thursday a day after 50% US tariffs came into effect on India. While Nifty50 went below 24,550, BSE Sensex dropped over 600 points. At 9:27 AM, Nifty50 was trading at 24,539.05, down…
[ad_1] Top stocks to buy today (AI image) Top stock market recommendations: According to Aakash K Hindocha, Deputy Vice President – WM Research, Nuvama Professional Clients Group, Nykaa, Kaynes, and Dr Reddy’s Laboratories are the top buy calls for today. Here’s his view on Nifty, Bank Nifty and the top stock picks for August 28,…
[ad_1] 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…
[ad_1] 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,…
[ad_1] 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…