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Trump’s 10% tariff blow that could work in India’s favour
India’s exporters may face a higher cost burden from the additional 10% Section 301 tariff imposed by the US, but the move could also create opportunities for Indian suppliers as several competing countries face a higher duty, the Federation of Indian Export Organisations (FIEO) said on Friday.
F...
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India-US 'economic partnership continues' to grow despite pending trade deal: USISPF CEO Mukesh Aghi
US-India Strategic Partnership Forum (USISPF) President and Chief Executive Officer (CEO) Mukesh Aghi on Friday said that the economic partnership between India and the United States continues to expand despite the absence of a bilateral trade agreement, with trade and investment flows growing stead...
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India's exports to UK may reach USD 115 bn by 2030 due to trade pact: Assocham
The implementation of the India-UK free trade agreement is expected to boost India's exports to Britain to USD 115 billion by 2030, industry body Assocham said in a study on Friday.
The agreement came into force on July 15 this year.
"The total trade trajectory is expected to expand from USD 5...
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Trump's tariffs just went from 12.5% to 10%: Why did India get a breather and what it means?
Donald Trump's administration has lowered the proposed tariff on a majority of Indian exports to 10% from the earlier 12.5% under its Section 301 forced-labour investigation, handing New Delhi a relative trade advantage over several competing manufacturing economies even as exporters continue to fac...
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India pvt sector growth over 4-year low in July, PMI shows
India’s private sector activity grew at the slowest pace in over 4 years, weighed down by reignited hostilities in West Asia and a jump in inflationary pressures, S&P Global said on Friday.
The HSBC Flash India Composite Purchasing Managers’ Index fell to 54.3 in July, the lowest since March 2022...
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Indian exports to US go back to MFN tariffs on Friday
From 9:31 am on Friday, Indian exporters will receive a significant tariff relief in the US market as the 10% Section 122 import surcharge expires. However, if the US extends this levy or imposes another set of tariffs under Section 301 of the Trade Act overnight, then exporters will have to make di...
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India gains edge over competitors as US levies new tariffs
By putting a ban on import of goods produced using forced labour, India has managed to reduce the additional tariffs that the US had proposed to impose on its exports to 10% from 12.5%. This gives the country a tariff advantage over competitors like China, Vietnam, Thailand, and Türkiye, which will ...
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Indian crude basket jumps 51.5% in 20 days; OMC finances face renewed strain
India’s crude oil basket surged to $103.33 a barrel on July 23, up 51.5% from $68.21 on July 3, when expectations of a US-Iran peace agreement had briefly cooled prices, renewing pressure on state-owned oil marketing companies facing losses.
“The latest surge is being reflected in September contr...
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| Global Economy |
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Euro Zone Business Activity Returns to Growth in July for First Time in Four Months, PMI Shows
Euro zone business activity returned to growth in July for the first time in four months, driven by a rebound in new orders, but may be derailed by high inflation and renewed conflict in the Middle East, a survey showed on Friday....
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Euro Zone Consumers Cut Inflation Expectations in June
Euro zone consumers cut their inflation expectations last month, likely encouraged by a truce in the Middle East that had brought down energy prices but proved short lived, a European Central Bank poll showed....
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Russian Central Bank Cuts Key Rate by 25 Bps to 14% as Ukrainian Drones Hit Economy
The Russian central bank cut its benchmark interest rate to 14% on Friday from 14.25% despite a spike in inflation linked to Ukrainian drone attacks on major oil refineries and e-commerce warehouses....
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US Business Activity Perks up in July, Helped by World Cup, but Trend May Not Last, S&P Global Says
Activity in the vast U.S. services sector accelerated in July, aided in part by spending around the FIFA World Cup and the Independence Day holiday, while the pace of growth in the manufacturing sector eased to the slowest since March amid a slowdown in precautionary stock building prompted by the U...
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JPMorgan Warns 'Super' El Niño and Oil Shock Could Prop up Global Inflation
- A rapidly intensifying El Niño weather pattern combined with higher energy prices could add 0.3 percentage points to global inflation next year, hitting emerging markets particularly hard, JPMorgan economists said in a report on Friday. ...
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ECB Facing Mid-Sized Inflation Shock, Will Get to 2% in Year or So, Lane Says
The European Central Bank still considers the current inflation shock to be medium-sized, which requires some policy action but not aggressive moves, and it will get price growth back to 2% in the next year or so, ECB chief economist Philip Lane said....
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Brazil Eases Spending Curb Despite Revenue Shortfall From Dividend Tax
The Brazilian government on Friday reduced by 5.7 billion reais ($1.12 billion) a spending curb needed to comply with its fiscal framework due to lower than expected mandatory expenditures despite a shortfall in revenue from dividend taxes....
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| IMC Chamber of Commerce and Industry Events |
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Source - Yahoo India Finance @ 11:07 |
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| Indian Corporate |
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NTPC net profit up nearly 13% to Rs 6,897 crore in Q1
State-owned power giant NTPC on Friday posted a nearly 13 per cent rise in its consolidated net profit to Rs 6,896.44 crore for the April-June quarter compared to the year-ago period mainly on the back of higher revenues. The consolidated net profit was Rs 6,108.46 crore in the quarter ended on June...
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SAIL Q1 net profit more than doubles to Rs 1,644 cr
State-owned Steel Authority of India Ltd (SAIL) on Friday posted over two-fold jump in consolidated net profit to Rs 1,644.05 crore in the June quarter, mainly on account of reduced expenses. It had reported a net profit of Rs 744.58 crore in the year-ago quarter, the company said in an exchange fil...
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Maruti Suzuki India targets 25-30 pc sales growth of SUVs this fiscal: Company official
Car market leader Maruti Suzuki India Ltd is aiming for 25-30 per cent growth in its SUV sales this fiscal on the back of new launch and traction from existing models, a senior company official said on Friday.
The company, which launched the new version of its SUV Brezza at an introductory price ...
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Hindustan Zinc Q1FY27 profit jumps 1.45 times, revenue surges 77%; EBITDA more than doubles
The June quarter earnings season (Q1FY27) of Indian companies is gathering pace, and Hindustan Zinc has joined the list of companies reporting their financial performance for the first quarter of FY27.
The mining and metals company delivered a sharp rise in both revenue and profit compared with ...
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IndiGo seeks to settle CCI case by offering refunds, slot surrender and crisis plan
InterGlobe Aviation, which operates low-cost carrier IndiGo, has offered a bunch of commitments to the Competition Commission of India (CCI), including setting up a formal crisis management mechanism, temporarily surrendering unused airport slots during large-scale disruptions, offering automatic re...
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HCLTech to set up AI data centre in Odisha with Rs 14,257-crore investment
Information technology major HCLTech on Friday announced plans to set up its first artificial intelligence (AI) data centre in Odisha with an investment of Rs 14,257 crore, in partnership with sovereign AI startup Sarvam and the Odisha government. The proposed facility, to be located at the upcoming...
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Adani Energy bags Rs 8,500 crore Andhra transmission project
Adani Energy Solutions (AESL), on Friday said it has won a ~Rs 8,500 crore inter-state transmission project in Andhra Pradesh.
The project named transmission system for proposed green hydrogen / green ammonia projects in Vizag Area, Andhra Pradesh (Phase-I),” was awarded through the tariff-based ...
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| Global Corporate |
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Trump threatens EU will pay ‘big price’ after Brussels fines Google $1bn
United States President Donald Trump has threatened the European Union with steep tariffs and a new trade investigation, saying that the bloc “will pay a very big price” after Brussels fined Google $1bn over antitrust violations.
Trump called penalties against Google and other US tech firms “high...
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Brazil Says 16.5% of Exports Face Combined US Duties of 37.5%
Brazil estimates that newly announced U.S. tariffs will affect 23.1% of its exports, according to a government statement released on Friday.
Of that total, 16.5% of Brazilian exports will face combined U.S. duties of 37.5%, the statement said.
Washington imposed a 25% levy on several Brazilian...
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Embraer's Backlog Hits Record $34.5 Billion in the Second Quarter, Rising 16%
Brazilian aircraft manufacturer Embraer said on Friday its firm order backlog hit a record of $34.5 billion at the end of the second quarter, up 16% from a year earlier.
• The commercial aviation backlog stood at $15.1 billion in April-June quarter, up 15%, while executive aviation backlog rose 5...
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Kuwait's KPC Signs $16 Billion Lease and Leaseback Deal for Oil Pipeline Network
Kuwait Petroleum Corporation (KPC) has signed a $16 billion deal to lease and lease back its crude oil pipeline network with a consortium comprising global funds Blackstone, Brookfield and KKR, the state-owned Gulf firm said on Saturday.
It said it was the largest foreign direct investment in the...
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