|
|
| IMC has enhanced its digital systems to incorporate new online features. To explore these updated processes, please visit our website: https://www.imcnet.org
|
|
|
|
|
|
| |
|
30
Jul
|
Requesting Co-operative for Drug Free Mumbai
|
|
|
|
 |
|
|
|
INDIAN ECONOMY
|
|
|
Commerce and Industry Minister Piyush Goyal has pitched India as a compelling destination for data centres, saying the country can work with Japanese companies to develop the sector and has received investment commitments of about $200 billion from large hyperscalers globally.
During a meeting with Japanes...
Read More
|
|
India has pulled off one of the largest and fastest foreign-currency mobilisation exercises ever attempted. In less than 11 weeks, banks and companies have brought in about $73 billion under a package of special Reserve Bank of India (RBI) measures, with FCNR(B) deposits alone accounting for more than $65 bil...
Read More
|
|
Stricter US sanctions on Iran are unlikely to hit local exports as the Persian Gulf nation’s bilateral trade with India is largely limited to pharmaceuticals and agricultural commodities, led by basmati rice.
Rice accounted for $810.08 million of the $1.25 billion in exports to Iran in the financial year e...
Read More
|
|
India's widening trade deficit with Japan is a matter of concern for Indian exporters and there is a need for greater recognition of Indian certifications in Tokyo to improve market access, Ficci president Anant Goenka said on Tuesday. He added that there is a possibility of the two sides investing jointly in...
Read More
|
|
Commerce and Industry Minister Piyush Goyal on Wednesday proposed an India-Japan startup pitching series, on the lines of the popular 'Shark Tank' format, to connect young startups from the two countries with investors and potential business partners.
Addressing a roundtable on startups, Goyal said such pi...
Read More
|
|
India today stands as the fastest-growing major economy in the world and offers a combination of scale, sustained growth, a young population, expanding consumption and rapidly deepening capital markets, Finance Minister Nirmala Sitharaman said while seeking investement from Canadian entities.
Addressing prom...
Read More
|
|
Indian economic growth slowed slightly to 7.1% in the April-June quarter, according to a Reuters poll of economists, on more subdued private investment, though supported by consumer spending and government expenditure.
Last year's Goods and Services Tax rate cut and income tax reductions likely continued t...
Read More
|
|
India is better placed than several Asian economies, including China, to weather the US Section 301 tariffs, with a lower tariff burden and some of its key export items to the US—such as smartphones, petroleum products and pharmaceuticals outside the levy, the Reserve Bank of India’s (RBI) staff said in its A...
Read More
|
|
|
MARKET & FINANCE
|
|
|
Indian government bonds rose on Tuesday as plunging crude prices and strong demand at a state debt auction eased concerns over fresh U.S. sanctions on Iran and the Reserve Bank of India's rate outlook.
The benchmark 6.94% 2036 bond yield settled 2 basis points lower at 6.8488%, reversing Monday's rise. Bond...
Read More
|
|
Yes Bank has withdrawn a plan to raise US dollar debt by selling international bonds after investors demanded higher yields and as the deadline to raise foreign currency deposits through the special RBI swap window was very close.
Another private sector lender, RBL Bank, has also shelved its planned dollar ...
Read More
|
|
Japanese financial institutions have sought simplification of processes for profit repatriation, improving access to Indian capital markets and ensuring greater regulatory predictability for long-term investors in their meetings with Commerce and Industry Minister Piyush Goyal on Tuesday.
In Tokyo the talk...
Read More
|
|
|
GLOBAL CORPORATE
|
|
|
The six months of war between US and Iran has left the economy of Qatar in dire straits, with the country's liquefied natural gas (LNG) exports plummeting by 96%. Qatar, one of the world's largest liquefied natural gas (LNG) exporters, has been among the countries worst hit by the economic fallout from the co...
Read More
|
|
A huge recall in China last week aims to address a long-standing fear of EV owners: potentially being trapped in their cars when the power fails. It also highlights how Beijing is now spearheading new auto safety standards for some of the world's most advanced cars.
Marking the largest recall to date in th...
Read More
|
|
Canada on Tuesday announced retaliatory tariffs on C$27.6 billion ($19.94 billion) worth of United States goods, matching dollar-for-dollar new duties imposed by Washington, and unveiled financial support for Canadian businesses and workers caught in the escalating trade war.
The counter-tariffs take effec...
Read More
|
|
The Trump administration is discussing additional trade penalties against Canada after Prime Minister Mark Carney unveiled dollar-for-dollar retaliation to new tariffs imposed by the US on Saturday.
Additional US escalation against its northern neighbor could include higher tariffs and other trade actions, a...
Read More
|
|
The resurgent trade spat between U.S. President Donald Trump and Canadian Prime Minister Mark Carney comes at a delicate juncture for both North American countries - and the global economy. Missteps between the neighboring G7 nations could have wide-ranging economic impacts.
The Trump administration imposed ...
Read More
|
|
Vessel traffic through the Strait of Hormuz edged higher in the week ended August 23, but cargo-bearing movements fell sharply, with cargo-carrying transits declining 27%, signalling that the headline recovery in shipping has yet to translate into a meaningful improvement in commercial flows through the key e...
Read More
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
GLOBAL ECONOMY
|
|
|
|
US Treasury Secretary Scott Bessent could use the government’s nearly $1 trillion cash account to help fund plans to buy government bonds. The money is held in the Treasury General Account (TGA) at the Federal Reserve. The account...
Read More
|
|
U.S. consumer confidence fell in August to its lowest in seven months as households' outlooks for the labor market and inflation worsened, a survey showed on Tuesday....
Read More
|
|
A senior Honda executive said the Japanese automaker might not build an eighth assembly plant in North America unless a key trade deal is extended.
The Trump administration is currently negotiating with Canada and Mexico over t...
Read More
|
|
The global economy has weathered the Iran war energy shock better than feared, International Monetary Fund Managing Director Kristalina Georgieva said on Tuesday, but she raised concerns about deteriorating fiscal conditions in so...
Read More
|
|
A key gauge of Japan's service-sector inflation rose 3.6% in July from a year earlier, data showed on Wednesday, reinforcing the central bank's view that a tight labour market is pushing firms to pass rising costs on to consumers....
Read More
|
|
European Central Bank board member Isabel Schnabel said interest rates must rise further as the conflict in the Middle East drags on and the strong euro zone economy poses upside risks to inflation, in an interview with Bloomberg ...
Read More
|
|
|
INDIAN CORPORATE
|
|
|
Small Industries Development Bank of India (Sidbi) reported a 14% rise in net profit to a record Rs 5,493 crore for the financial year ended March 2026, compared with Rs 4,811 crore in FY25.
The Lucknow-headquartered financial in...
Read More
|
|
Hindustan Aeronautics Ltd (HAL) and Safran Helicopter Engines have signed a final contract to jointly develop and manufacture a new-generation helicopter engine, marking a fresh step in India’s efforts to build indigenous aerospac...
Read More
|
|
Mukesh Ambani-led Reliance Industries Ltd (RIL) is evaluating a potential entry into aluminium production, a move that could connect its planned coal gasification operations with metals manufacturing, Mint and UNI reported.
Peo...
Read More
|
|
L&T won a Rs 30,000 crore offshore contract from Dutch grid operator TenneT last month, one of the deals that pushed India’s infrastructure order awards up 23% to Rs 1.2 lakh crore in July. Fresh tendering, meanwhile, slipped to i...
Read More
|
|
Avaada Group on Tuesday signed a memorandum of understanding with the Haryana government to facilitate the development of a 300-acre Zero-CBAM Green Industrial Campus in Hisar, with a proposed investment of approximately `10,000 c...
Read More
|
|
Adani Energy Solutions (AESL) has won a Rs 4,700 crore transmission project in Maharashtra to evacuate up to 4,500 MW of renewable and storage power.
The project will support the evacuation of renewable energy generated in Karn...
Read More
|
|
|
|
|
|
|
GST
|
|
|
The Central Board of Indirect Taxes and Customs (CBIC) is working a scheme that will allow multi-state businesses to use a single PAN-based registration for goods and services Tax (GST) audit and investigations.
The move aimed at improving ease of doing business may be introduced in the next six months, gove...
Read More
|
|
|
|
|
|
|
|
|
|
|
|
|
IMC Chamber of Commerce and Industry has sent this e-mail to you because your subscription preferences indicate that you want to receive latest news alerts on this email ID. For suggestions and feedback news alerts on this email ID. For suggestions and feedback click here .
|
|
|
|
|
|