Representative image (ANI) The Asian Development Bank (ADB) on Wednesday lowered its forecast for India’s GDP growth for FY26 from 6.7 percent to 6.5 percent, citing uncertainty in global trade and the effect of higher US tariffs on Indian exports and investment flows“This revision is primarily due to the impact of US baseline tariffs and…
Trump said that the US will always focus on having zero tariffs on its products. (AI image) US President Donald Trump on Wednesday said that he is willing to lower tariff rates for countries that will open their markets to America. Trump’s comments come at a time when countries are fast-tracking trade deal negotiations with…
This is an AI-image, used for representational purposes only. US stocks extended their record-breaking run on Wednesday after Washington and Tokyo struck a deal to slash proposed tariffs, fuelling optimism about further trade breakthroughs. The S&P 500 rose 0.4 per cent in early trading, while the Dow Jones climbed 232 points or 0.5 per cent,…
BENGALURU: The Enforcement Directorate has filed a formal complaint against Myntra Designs Pvt Ltd and its related entities for allegedly violating India’s foreign direct investment (FDI) norms under the guise of wholesale operations.The complaint, filed under Section 16(3) of the Foreign Exchange Management Act (Fema), 1999, alleged contraventions to the tune of Rs 1,654.35 crore…
BENGALURU: Syngene International, a subsidairy of Biocon, reported a 59 per cent year-on-year increase in profit after tax to Rs 87 crore in the first quarter ended June 2025, aided by revenue growth and a tax benefit from the transfer of gratuity funds to an employee trust. Revenue from operations rose 11 per cent to…
This is an AI-generate dimage, used for represesentational purposes only. India is all set to emerge as a key player in global electronics manufacturing, driven by strategic integration into global value chains (GVCs) and a sharp shift towards export-oriented policies. A report by the Centre for Development Studies (CDS) has highlighted that India, through “backwards-linked”…
This is an AI-generated image, used for representational purposes only. The rupee slipped for the sixth consecutive session on Wednesday, settling 3 paise lower at 86.41 (provisional) against the US dollar, weighed down by a stronger greenback and sustained foreign fund outflows. As per news agency PTI, forex traders also flagged concerns around India’s trade…
This is an Ai-generated image, used for representational purposes only. The Indian Railways has issued a new circular revising its emergency quota (EQ) guidelines, requiring all requests to be submitted at least a day before travel.The move, aimed at ensuring timely chart preparation and avoiding operational delays, follows recent changes in reservation chart timings and…
India’s IPO market is poised for a major wave of activity in the second half of 2025, with companies across various sectors preparing to tap into strong investor demand. IPOs worth Rs 2.58 lakh crore are currently lined up, including Rs 1.15 lakh crore in offers that have already received SEBI’s approval, and another Rs…
The US Securities and Exchange Commission (SEC) has asked the Securities and Exchange Board of India (Sebi) for details on its ongoing investigation against Jane Street, a New York-based proprietary trading firm accused of manipulating India’s derivatives market. People familiar with the development were quoted by ET as saying that Sebi has already responded to…
