Indian shrimp exports are expected to decline by 15-18 per cent this fiscal year after a steep hike in US import tariffs, according to a Crisil Ratings report. The increase, which took effect on August 27, has raised the overall duty burden on Indian shrimp entering the US to 58.26 per cent. The ratings agency…
Bank Holidays September 2025: For those looking to avail banking services on specific days in the upcoming month, it is important to note that several bank holidays could lead to extended weekends in some states. Planning ahead for your financial and branch-related work is advisable to avoid any inconvenience. All banks across India — both…
Eight of the top-10 highest valued companies saw their combined market value decrease by Rs 2,24,630.45 crore in the previous week, with Reliance Industries and HDFC Bank experiencing the largest declines, following the negative trend in equities.The BSE benchmark index declined by 1,497.2 points, or 1.84 per cent last week.Among the top-10 companies, eight firms…
India stops postal shipments to US (Representative AI image) India’s postal department has suspended all mail bookings to the United States, following new US governmental regulations that alter the protocol for incoming shipments.The official communication indicated that postal services, including letters, documents and gifts valued up to $100 destined for the US, will not be…
Donald Trump (File photo) President Donald Trump marked Labor Day weekend by spotlighting what the White House described as “nearly $10 trillion” in new investments aimed at American workers, part of what officials are calling a “Golden Age of Prosperity.” “President Trump believes that American workers are the heart and soul of our economy, which…
China’s industrial production showed a slight improvement in August but remained in contraction for the fifth consecutive month, as per official figures released on Sunday, while trade negotiations with the United States persist before a new November tariff implementation.The Purchasing Managers’ Index, a crucial industrial output indicator, reached 49.4, according to the National Bureau of…
Mumbai: The share of mutual funds in the household sector’s gross financial savings increased from 0.9% in 2011-12 to 6% in 2022-23. Assets under management have grown at a compounded annual growth rate (CAGR) of 17.1%. This has made mutual funds a stabilising force in equities and helped cushion the equity market against volatility triggered…
Russian President Vladimir Putin criticised Western sanctions ahead of his four-day visit to China, warning that trade restrictions and the costs of the Ukraine war have pushed Russia’s economy into recession, as reported by Reuters. In a written interview with China’s Xinhua news agency on Saturday, Putin said Russia and China were united in rejecting…
NEW DELHI: The commerce ministry is working on a comprehensive short, medium, and long-term strategy to help Indian exporters against the impact of the steep 50% US tariffs on Indian goods.The immediate steps under consideration include easing liquidity stress, offering greater flexibility to SEZ units, and promoting targeted import substitution to prevent insolvencies and job…
Chief Economic Advisor (CEA) Anantha Nageswaran on Saturday said the government, along with various stakeholders, is working overtime to cushion India’s export sector from the impact of the 25% additional tariff imposed by the United States, which has raised the overall duty to 50%.Speaking virtually at an event organised by the Indian Chamber of Commerce,…
