Gokaldas Exports is among the largest players in the garments business, supplying goods to top global markets. The company’s managing director Siva Ganapathi speaks to TOI over the impact and plans to tackle the 50% tariff imposed by the US on Indian goods. Excerpts:What will be the impact of the 50% additional tariff on Indian…
MUMBAI: Bajaj Group chairman Kushagra Bajaj’s daughter Anandamayi (22) joined the $2.5-billion family business as general manager (strategy) earlier this month. Her entry into the group is part of a growing trend of women from major business families taking up management roles. Anandamayi, whose mother Vasavadatta Bajaj is the sister of Aditya Birla Group chairman…
Bharat Forge, heavily reliant on the US auto sector, faces potential headwinds from new import duties. Vice-Chairman Amit Kalyani acknowledges possible near-term demand issues but remains optimistic about resolving the situation with American buyers. If talks fail, the company will explore opportunities in Europe, leveraging FTAs. Source link
NEW DELHI: India must adopt a comprehensive and forward-looking competitiveness agenda, and undertake factor market reforms such as land reforms, to help realise the goal of emerging as a global manufacturing and investment hub.“India has made remarkable progress in several areas of reform, but land remains a domain where foundational changes are overdue in terms…
The strength of Indian passport has increased substantially in recent times. India’s passport has climbed several ranks in the latest Henley Passport Index list of the world’s most powerful or strongest passports. The strength of Indian passport has increased substantially in recent times, enabling Indians to access more than 60 nations without prior visa arrangements…
A fresh look at US inflation trends this week is set to test Wall Street’s record run, with several strategists warning that equities may be primed for a pullback after months of near-uninterrupted gains.The benchmark S&P 500 closed on Friday up more than 8% for the year and near all-time highs, while the Nasdaq Composite…
The Reserve Bank of India (RBI) has proposed standardised forms and a uniform process for settling claims on bank accounts, safe deposit lockers and articles kept in safe custody of deceased customers, with a 15-day settlement deadline and compensation to nominees or legal heirs for delays.The central bank has issued the Draft Circular – Reserve…
JM Financial Credit Solutions Ltd (JMFCSL), a wholly-owned subsidiary of JM Financial, will sell a 2.1% stake in its home loans subsidiary to Bajaj Allianz Life Insurance Company for Rs 65.5 crore.In a regulatory filing on Sunday, JM Financial said JMFCSL has signed an investment agreement with Bajaj Allianz Life to sell 1.36 crore equity…
Agriculture minister Shivraj Singh Chouhan will digitally transfer Rs 3,200 crore in crop insurance claims on Monday under the Pradhan Mantri Fasal Bima Yojana (PMFBY) to 30 lakh farmer beneficiaries. The transfer will take place during an event in Jhunjhunu, Rajasthan, attended by Rajasthan Chief Minister Bhajanlal Sharma, Union Minister of State for Agriculture Bhagirath…
The Indian stainless steel industry has sought anti-dumping duties on low-priced imports from select countries, citing an urgent need to protect domestic players in the face of global trade uncertainties.Jindal Stainless Managing Director Abhyuday Jindal said the Indian Stainless Steel Development Association (ISSDA), representing the industry, has petitioned the Directorate General of Trade Remedies (DGTR)…
