NEW DELHI: A last-minute scramble by companies to beat Donald Trump’s reciprocal tariffs may have helped India come close to last year’s goods exports level of $437 billion, senior officials said Saturday.Apple is said to have shipped five planeloads of iPhones and other products to the US over just three days to stock up its warehouses and ensure prices don’t …
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MUMBAI: Delhivery is acquiring rival Ecom Express in an all-cash deal for 1,407 crore, the company said in a stock exchange filing on Saturday. The transaction, which marks consolidation in the new-age logistics space, comes amid mounting troubles for Ecom Express, which stalled its public listing plans and laid off at least a few hundred employees earlier this year.Delhivery will …
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Tata Capital, the financial services arm of the Tata Group, has filed preliminary documents with market regulator Sebi for a mega initial public offering (IPO) estimated at over Rs 15,000 crore. According to an ET Market report, the Tata Capital’s IPO, which will be conducted under the confidential pre-filing route, will include both the issuance of new shares and an …
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India’s leading manufacturers of mining and construction equipment, BEML Ltd has launched the indigenously designed Motor Grader BG 1205 at its Mysuru facility. This milestone emphasizes BEML’s strong commitment to self-reliance and aligns with the Government of India’s Atmanirbhar Bharat initiative.The BG 1205, equipped with a 24-foot blade, has been meticulously designed to cater to the growing demands of the …
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New Delhi: Apple does not intend to make any immediate changes to retail prices of its products, such as iPhone, including in India, following the Trump administration’s imposition of reciprocal tariffs as the company had sent “unusually high” number of shipments from factories in India and China to build up stocks in America, despite this being a “relatively lean period”, …
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MUMBAI: IndusInd Bank reported a slight year-on-year rise in net advances and deposits for the quarter ended March 2025, even as sequential trends reflected a slowdown in loan growth.The bank’s net advances stood at Rs. 3.48 lakh crore as of March 31, 2025, up 1.4% from a year ago but down 5.2% from the preceding quarter. The drop in corporate …
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MUMBAI: Tiger Global backed Infra.Market is planning to raise $1 billion through an IPO at a valuation of up to $5 billion, sources close to the development said. The startup, which was last valued at $2.8 billion, is targeting a Diwali listing and will file its draft IPO papers by June. The bulk of the offer will include fresh issue …
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Donald Trump, Xi Jinping NEW DELHI: During their talks with negotiators from Asean, Indian officials are facing a China problem. Whenever they seek to offer any concessions as part of the review of the trade deal, they look at Chinese companies that have set up a base in the 10-member bloc.It’s a problem that is encountered by every country across …
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MUMBAI: The rupee briefly regained 84 levels to touch a 2025 high of 84.97 against the dollar on Friday as the greenback weakened globally before closing at 85.24, up 19 paise from Thursday’s close of 85.43. The strengthening of the rupee is expected to hurt exporters. The dollar index, which tracks the greenback’s movement against six major currencies, was down …
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NEW DELHI: Staring at a steep dent, exporters have asked govt to restore several benefits that have been stopped, such as the interest equalisation scheme and Remission of Duties and Taxes on Exported Products (RODTEP) for SEZ and export oriented units, while prioritising sectors that will be more adversely hit by Trump’s tariffs during the first tranche of the trade …
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