News that keep you updated
MUMBAI: The RBI is expected to keep interest rates unchanged after the conclusion of the Monetary Policy Committee (MPC) meeting on Feb 6, with economists flagging a pause amid rising inflation, slowing growth, and impending data revisions.“We expect the RBI to pause in the upcoming 6th Feb meeting, maintaining the repo rate at 5.25%,” said…
(L-R) Ishaan Mittal, Ashish Agrawal and Tejeshwi Sharma (File photo) BENGALURU: Three partners at Peak XV Partners — Ashish Agrawal, Ishaan Mittal, and Tejeshwi Sharma—exited the VC firm in quick succession, marking one of the most significant leadership changes since its separation from Sequoia Capital. Agrawal, who spent over 13 years at the firm, said…
NEW DELHI: India’s negotiations with the UK and the European Union for FTAs, which had been going on for years got a sudden boost last Feb after Prime Minister Narendra Modi and US president Donald Trump announced the launch of talks for a bilateral trade agreement.The pattern has been repeated with a difference. This time,…
BENGALURU: India’s seafood exports to the US are expected to recover after the latter agreed to reduce tariffs, industry body Seafood Exporters Association of India (SEAI) said.The US is the largest export destination for Indian seafood, with shipments valued at $2.7 billion in 2024-25. However, exports were under pressure in recent months, following the imposition…
CHENNAI: India’s textile, apparel and leather exporters are expecting a sustained recovery in orders from the US, following tariff reductions under the proposed India–US trade deal. Industry representatives said the move will restore competitiveness, improve margins and revive volumes that were under pressure over the past year.Textile and apparel exporters are now expecting an increased…
NEW DELHI: Drug makers are set to gain clarity under the proposed India-US trade agreement, sharpening expansion plans in the world’s most lucrative pharmaceutical market. While the sector was insulated from punitive US tariffs, the generics business of major companies, including Sun Pharma, Dr Reddy’s and Cipla faced significant headwinds in the third quarter ended…
PM Modi with US President Donald Trump (File photo) NEW DELHI: A day after announcements by PM Modi and US President Donald Trump that the two sides had reached a trade agreement, the govt asserted that sensitive sectors such as agriculture and dairy have been protected and labour-intensive sectors such as textiles, leather, marine products…
NEW DELHI: The focus has been on shrimps and textiles, but Indian carpets and rugs have seen a bruising year with exports slipping nearly 9% to $735 million between April and Nov. Lowering of tariffs is expected to come as a boost for the highly-labour intensive sector.While overall exports are down 4% to $1.3 billion…
A large garment exporter, who was at a party on Monday when Trump announced the removal of 50% tariffs, celebrated the news before getting on to calls with American buyers. Suddenly, the business dynamics looked different.From looking to relocate a part of ops to Sri Lanka, Kenya or Indonesia on the suggestion of US buyers,…
MUMBAI: The boards of Aditya Birla Capital and Aditya Birla Housing Finance approved a Rs 2,750 crore primary capital infusion into the housing finance arm through Indriya, an Advent International entity, to fund growth, subject to shareholder and regulatory approvals and customary conditions. The transaction values the housing finance company at Rs 19,250 crore on…
