INDIAN ECONOMY
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India would only be able to reach half of China’s smartphone exports to the US even if it sends its entire inventory to the country, according to a Moneycontrol analysis of US trade data.
India exported 15.2 million phones to the US last year, compared with 117 million sent by Beijing. The South Asian nati...
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The World Trade Organisation (WTO) was created by the US-led West in 1995, following the collapse of the Soviet Bloc, to facilitate rule-based liberalised trade. India, then struggling, joined the bandwagon with trepidation. A booming China was keen to take advantage of globalisation, but it had to wait six m...
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Growth in demand for diesel, India's most consumed petroleum product, fell to its lowest since the pandemic in the financial year ended March 31 as the economy expands at a slower pace and consumption shifts to cleaner fuels.
Diesel consumption rose 2 per cent to 91.4 million tonnes in 2024-25 (April 2024 ...
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India consumer prices likely rose around the same rate in March as they did in February following four months of declining inflation, as a sharp rise in gold prices offset flat food prices, a Reuters poll showed.
Food price rises had steadily moderated over the previous four months but likely bottomed in M...
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MARKET & FINANCE
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Fuelled by rising disposable incomes and growing awareness about disciplined investing, monthly SIP inflows across the mutual fund industry could scale up to Rs 40,000 crore over the next 18-24 months, according to Madhu Nair, CEO of Union Asset Management Company (AMC).
SIP inflows stood at Rs 25,925 cror...
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GLOBAL CORPORATE
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President Donald Trump said he is exploring possible exemptions to his tariffs on imported vehicles and parts to give auto companies more time to set up US manufacturing.
“I’m looking at something to help car companies with it. They’re switching to parts that were made in Canada, Mexico and other places,...
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The volume of goods processed by Chinese ports slowed last week for the first time since the Lunar New Year holiday — a trend that will undercut the value of exports going forward if it continues.
China’s ports handled 244 million tonnes of cargo last week, 10 per cent less than a week earlier and down 4 ...
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Nvidia said it is planning to build AI servers worth as much as $500 billion in the U.S. over the next four years with help from partners such as TSMC, the latest American tech firm to back the Trump administration's push for local manufacturing.
Monday's announcement includes production of its Blackwell A...
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The Trump administration is proceeding with probes into imports of pharmaceuticals and semiconductors as part of a bid to impose tariffs on both sectors on grounds that extensive reliance on foreign production of medicine and chips is a national security threat, Federal Register filings on Monday showed.
T...
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South Korea announced on Tuesday an increase in its support package for the country's vital semiconductor industry to 33 trillion won ($23.25 billion), up about a quarter from a 26 trillion won package unveiled last year.
The measures come in response to calls on the government to expand support at a time ...
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US Treasury Secretary Scott Bessent said Monday that there’s no inherent reason for the U.S. and Chinese economies to decouple, suggesting a deal could still be reached even as the two nations exchange escalating tariff threats.
"There's a big deal to be done at some point," Bessent told Bloomberg TV when ...
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President Donald Trump on Monday suggested that he might temporarily exempt the auto industry from tariffs he previously imposed on the sector, to give carmakers time to adjust their supply chains.
"I'm looking at something to help some of the car companies with it," Trump told reporters gathered in the Ov...
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OPEC cut its 2025 global oil demand growth forecast on Monday, citing the impact of data received for the first quarter and trade tariffs announced by the U.S., and also reduced its global economic growth forecasts for this year and next.
The Organization of the Petroleum Exporting Countries, in a monthly ...
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When President Donald Trump unleashed a fresh wave of global tariffs, he made a calculated exception. Smartphones, laptops, semiconductors—items central to American life and largely made in China—were spared. The decision was a tactical reprieve for tech giants like Apple, Dell, and Nvidia, all heavily relian...
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The EU's retaliatory tariffs on US goods worth 21 billion euros will be on hold until July 14, Brussels said on Monday, to give time for negotiations with Washington.
The European Union was hit with a 20 percent rate as part of Trump's sweeping tariffs on April 2, before he suspended the measures for 90 da...
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Major ports and provinces engaged in foreign trade in China are beginning to show the initial effects of the ongoing tariff conflict between the two biggest economies in the world, as reported by Radio Free Asia.
By Thursday, hardly any cargo ships were headed to the US from the once-bustling ports of Shan...
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Goldman Sachs reported a 15 per cent rise in first-quarter profit as market volatility led to record revenue in equities trading and boosted fixed income results.
The Wall Street lender joined rivals JPMorgan Chase and Morgan Stanley in reporting higher profits. But investors have shifted their focus on t...
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Britain's biggest companies adopted their most defensive stance since early 2020 in the run-up U.S. President Donald Trump's April 2 tariff announcements and focused on boosting cashflow, cutting costs and reducing borrowing, a survey showed on Monday.
Deloitte's quarterly survey of chief financial officer...
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Banking
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Union minister Pankaj Chaudhary on Monday said more than Rs 33 lakh crore of collateral-free loans have been given to 52 crore people under Mudra Yojana for starting businesses and 68 per cent of the beneficiaries are women. The Minister of State for Finance was addressing a gathering at the valediction cerem...
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GLOBAL ECONOMY
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July 2019 |
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Singapore has downgraded its gross domestic product (GDP) growth forecast for 2025 to 0-2 per cent, the Ministry of Trade and Industry (MTI) said on Monday (Apr 14), citing the impact of US President Donald Trump's tariffs on glob...
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US President Donald Trump is using tariffs to reset America’s relationship with the rest of the world, upsetting a global norm that has lasted for decades. Many of his supporters hail it as a paradigm shift — much like Richard Nix...
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With global trade deeply uncertain and a tariff war causing havoc on financial markets, Germany's next government is hoping to unleash domestic consumption to revive stalled growth in an economy that has been driven for decades by...
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Brazil's economic growth is expected to slow down in the second half of 2025, encumbered by high interest rates and worries about the U.S.-led global trade shake-up, a Reuters poll found.
The slowdown would follow a good first ...
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Behind the gradual and relatively small rise in the U.S. unemployment rate in recent years are a couple of less-closely followed labor market indicators that are flashing yellow for recession risk, according to research published ...
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Higher tariffs and uncertainty about global trade policy could result in weaker-than-expected economic activity worldwide and at home, a top New Zealand central banker said on Tuesday.
"At this stage, the likely impacts on infl...
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South Korea will draw up an extra budget of 12 trillion won ($8.45 billion), the finance minister said on Tuesday, up from the previous proposal of 10 trillion won.
The budget will include 4 trillion won for responses to change...
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The Bank of Korea will keep its key interest rate unchanged at 2.75% on Thursday, according to a Reuters poll of economists who expect the central bank to resume reductions in May.
If realized, this will be the central bank's s...
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China's exports rose sharply in March after factories rushed out shipments before the latest US tariffs took effect, but an escalating Sino-US trade war has darkened the outlook for factories and growth in the world's second-bigge...
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As China staggers into a slowdown caused by Donald Trump’s trade war, a hobbled jobs market is impairing the resilience Beijing needs to battle it out against the US.
Trump’s 145 per cent tariffs on China’s goods are threateni...
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INDIAN CORPORATE
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While the discussions started some time ago, many believe that the Donald Trump administration’s tariff measures will help Indian companies expand their presence in the US market.
The US has imposed an additional 34 per cent ta...
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Assam Chief Minister Himanta Biswa Sarma on Monday held discussions with private sector energy major Vedanta Group to prepare a detailed plan for the announced investment of Rs 50,000 crore in the state. In February, Vedanta Group...
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In an increasingly uncertain macro environment, K KRITHIVASAN, chief executive officer (CEO) and managing director (MD) of Tata Consultancy Services (TCS), continues to reiterate that 2025-26 (FY26) will be better than 2024-25 (FY...
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GST
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The goods and services tax (GST) department is reportedly probing restaurants to know if they have escaped taxes on the 'packaging charge.'
This comes after the tax office had previously stepped in to recover GST on 'food and delivery' charges, according to an Economic Times report.
HT.com cannot indepe...
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