MUMBAI: From celebrating India’s rich cultural heritage and craftsmanship to being vocal for local, Independence Day campaigns crafted by companies this year are going all out to showcase the country’s potential. As India marks its 79th year of independence amid tariff turbulence, which risks derailing the country’s short-term growth trajectory, the show of Indian might…
NEW DELHI: Ratings agency S&P Global on Thursday raised India’s sovereign rating to BBB after an 18-year gap, citing robust growth and fiscal consolidation, and asserted that 50% US tariffs, if imposed, would have an “overall marginal” impact and will not derail the country’s long-term growth prospects.The ratings upgrade comes amid a tense tariff stand-off…
MUMBAI: The Pallonji Mistry family, the largest individual shareholders of Tata Sons, have backed Noel Tata’s appointment to the board of the holding company of the $180 billion Tata Group. Noel, 69, is the son-in-law of the late Pallonji Mistry and was nominated to the board of Tata Sons by its largest shareholder, Tata Trusts….
NEW DELHI: Commerce secretary Sunil Barthwal said on Thursday that government was engaged in talks for a bilateral trade deal with the US, with deliberations taking place at multiple levels, but added that the status of an American delegation visiting India for the next round of bilateral trade talks will be known closer to the…
NEW DELHI: India’s goods exports rose 7.2% to $37.2 billion in July, snapping a two-month declining trend, while imports increased 14.7% to $64.6 billion. As a result, the trade deficit widened to $27.4 billion, the highest since last Nov.Although petrol, diesel and jet fuel exports fell 25% to $4.3 billion, it was more than offset…
NEW DELHI: Amid discussions for reduction of GST for many products, a group of ministers from states, headed by Bihar deputy CM Samrat Chaudhary, will meet next week. Several members of GoM, especially those from the Opposition, had suggested maintaining status quo on slabs and rates, citing possible adverse impact on revenue, but govt has…
The average rate on a 30-year mortgage in the US fell to 6.58% this week, its lowest in nearly 10 months, offering prospective homebuyers a boost in purchasing power amid a sluggish housing market, Freddie Mac reported on Thursday. The long-term rate declined from 6.63% last week, while a year ago it averaged 6.49%, AP…
US President Donald Trump on Thursday said that the secondary tariffs imposed on India may have influenced Russian President Vladimir Putin’s decision to meet him, ahead of their scheduled summit in Alaska on Friday. Trump said the tariffs “probably” played a part in bringing Moscow to the table as he seeks a peace deal in…
Russian oil major Rosneft-backed Nayara Energy Ltd is engaging with the Indian government and trade partners to ensure smooth transactions and maintain operational stability at its Vadinar refinery in Gujarat, which has been impacted by European Union sanctions.The company, included in the EU’s 18th sanctions package on Russia over the Ukraine conflict, has faced challenges…
S&P has said that the impact of US tariffs is not likely to be extensive on India’s economy. S&P Global, the US-based credit ratings agency, has upgraded India’s rating to ‘BBB’ from ‘BBB-) citing several positive factors in favour of the world’s fifth largest economy. S&P’s confidence in India’s growth story comes at a time…
