Tag Archives: Business news

NEW DELHI: Led by Apple’s iPhone, India’s mobile phone exports crossed Rs 2 lakh crore in fiscal 2024-25, growing by a strong 54% over the previous year.The share of iPhone in the exports stood at Rs 1.5 lakh crore, Union Minister Ashwini Vaishnaw said on Tuesday as he forecasted a doubling of electronics exports over the next five years.“Smartphones are …

NEW DELHI: Commerce and industry minister Piyush Goyal will hold a key meeting with exporters on Wednesday to discuss the implications of the 26% additional reciprocal tariffs recently imposed by the US under President Donald Trump’s administration, according to an industry official.Senior officials from the commerce ministry, representatives from various Export Promotion Councils (EPCs), and the Federation of Indian Export …

NEW DELHI: JP Morgan CEO Jamie Dimon has suggested that the US, in its effort to make trade fairer for the nation, need not ask “non-aligned nations, like India and Brazil” to align but “can bring them closer” by “extending a friendly hand with trade and investment.” This comes as Donald Trump’s 10% tariffs on all US imports kick in.“We …

Economists and market analysts widely expect the RBI to cut the repo rate by 25 basis points. RBI MPC meet date, time: The Reserve Bank of India (RBI) governor Sanjay Malhotra-led Monetary Policy Committee (MPC) is meeting this week to deliberate on repo rate, liquidity conditions in the economy, CPI inflation and GDP growth outlook for the Indian economy.The central …

US President Donald Trump maintained his stance on tariffs, suggesting possible additional duties on Chinese imports. (AI image) Stock market today: BSE Sensex and Nifty50, the Indian equity benchmark indices, rallied strongly in opening trade on Tuesday a day after the terrible stock market crash. While BSE Sensex went above 74,300, Nifty50 was above 22,500. At 9:16 AM, BSE Sensex …

NEW DELHI: Govt on Monday raised the price of household LPG (liquefied petroleum gas) for all categories, including subsidised refills supplied to poor families under the ‘Ujjwala’ scheme, and increased the special additional excise duty (SAED) on petrol and diesel by Rs 2 per litre — dashing hopes of a fuel price cut by siphoning part of the gains from …

NEW DELHI: The Central government on Monday increased excise duty by Rs 2 each on petrol and diesel.According to a notification released by the revenue department of ministry of finance, the excise duty on petrol was increased to Rs 13 per litre and that on diesel to Rs 10.While the order did not say what impact it will have on …

India’s merchandise exports to the United States are projected to decline by a staggering $ 5.76 billion this year, primarily due to the rise in tariffs imposed by the US. According to a report by the Global Trade Research Initiative (GTRI), exports from key sectors such as marine items, gold, electronics, and electrical products are expected to bear the brunt …

Top stocks to buy (AI image) Stock market recommendations: According to Motilal Oswal Financial Services Ltd, the top stock picks for the week (starting April 7, 2025) are Trent and HDFC Bank. Let’s take a look: Stock Name CMP (Rs) Target (Rs) Upside (%) Trent 5568 7350 32% HDFC Bank 1817 2050 13% Trent:Trent surpassed the milestone of 1,000 fashion …

New Delhi: Foreign investors withdrew Rs 10,355 crore from the country’s equity markets in the last four trading sessions this month due to sweeping tariffs imposed by the US on most nations, including India.The outflow occurred after a net investment of Rs 30,927 crore in the six trading sessions from March 21 to March 28. Source link