The United States is the real ‘tariff king’, at least in the dairy business, despite U.S. President Donald Trump labelling India as one, said Jayen Mehta, managing director of the Gujarat Co-operative Milk Marketing Federation Ltd. (GCMMF), which markets the Amul brand. Mr. Mehta added that the new U.S. tariffs would not affect Amul’s overseas sales,…
Representative image | Photo Credit: The Hindu The Indian government is tweaking its earlier plans for an Export Promotion Mission to make it more targeted towards specific sectors in the wake of the increased tariffs imposed by the U.S. on imports from India, The Hindu has learnt. This would entail reducing the cost of credit…
Representative image | Photo Credit: Reuters The rupee appreciated 20 paise to close at 87.43 (provisional) against the U.S. dollar on Wednesday (August 13, 2025), as a weak greenback and a positive momentum in domestic equity markets enthused investors. Forex traders said weak crude oil prices and cooling domestic inflation supported the rupee, but uncertainties…
Stock markets rebounded on August 13, 2025, as the Sensex closed higher by 304 points on buying in metal, auto, and pharma shares. File | Photo Credit: Reuters Stock markets rebounded on Wednesday (August 13, 2025) with benchmark Sensex closing higher by 304 points on buying in metal, auto and pharma shares as steady U.S….
Chief Economic Advisor V. Anantha Nageswaran on Wednesday (August 13, 2025) said U.S. tariffs-related challenges will dissipate in the next one or two quarters, and urged the private sector to do more as the country navigates through other longer-term challenges. He attributed the growth slowdown in FY25, which saw a deceleration to 6.5 per cent…
Markets regulator SEBI has banned Dewan Housing Finance Corp Ltd’s former CMD Kapil Wadhawan, ex-director Dheeraj Wadhawan, and four others from the securities markets for up to five years and imposed a penalty totalling ₹120 crore on them for diverting funds and fabricating books. Additionally, they have been restrained from holding any key position in…
A man walks past the Bombay Stock Exchange (BSE) building, in Mumbai. File | Photo Credit: PTI Equity benchmark indices Sensex and Nifty climbed in early trade on Wednesday (August 13, 2025) as steady U.S. inflation data propelled a sharp rally in global markets. Besides, retail inflation slowing to an 8-year low of 1.55% in…
A man speaks on his mobile phone next to an installation of the Rupee logo and Indian currency coins outside the Reserve Bank of India (RBI) headquarters in Mumbai, India, August 1, 2025. | Photo Credit: Reuters The rupee traded in a tight range and slipped 6 paise to 87.69 against the U.S. dollar in…
The government’s focus on creating jobs for informal and gig workers comes at a time when the economy has been struggling to create enough formal jobs. Therefore, the government is leaning on agriculture, manufacturing, micro, small, and medium enterprises (MSMEs), and startups to generate more employment for the country’s burgeoning youth. For instance, under ‘Building…
The latest order is aimed at further tightening the import of jute and products made from Bangladeshi jute. File | Photo Credit: Reuters A day after India imposed a fresh round of port restrictions on a range of jute products, officials here justified the move as necessary because Bangladesh’s subsidies were “killing” local Indian industries….
