In Some Records, Fed Governor Lisa Cook Listed Atlanta Home as Secondary
The Trump administration has sought to block Lisa Cook from the Federal Reserve meeting on interest rates this coming week. Source link
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Self-reliance gains: Vocal for local push trims import bills for top firms; PLI schemes, duty hikes drive shift
India’s push for self-reliance in manufacturing is beginning to show results, with several consumer-facing companies cutting back sharply on their dependence on imports. As per ET, a study of 20 listed firms in automobiles, electronics and FMCG found that foreign exchange outflows as a share of sales have dropped significantly between FY20 and FY25, mainly…
Retail relief ahead: Bank of Baroda report sees CPI easing to 3.1% in FY26; GST cuts to soften prices further
Representative image (Picture credit: ANI) Prices of daily essentials may ease further in the coming months as recent cuts in GST begin to reflect in actual numbers, Bank of Baroda (BoB) said in its latest report. According to news agency ANI, the bank projects retail inflation, measured by the Consumer Price Index (CPI), to average…
GST revamp: Goods and services tax not applicable on these post-sale discounts; here is what experts say
The Central Board of Indirect Taxes and Customs (CBIC) clarified that post-sale discounts offered by manufacturers to dealers, aimed purely at competitive pricing and driving sales, will not attract Goods and Services Tax (GST).In a circular, the board further explained that GST would, however, apply if such discounts are linked to specific promotional services carried…
Chinese auto market: Govt unveils plan to ‘stabilise’ sector; emphasis on ‘cost surveys and price monitoring’
China rolled out a two-year plan aimed at easing turbulence in its car industry, where aggressive price cuts and trade disputes have weighed heavily on growth.State news agency Xinhua said the programme, covering 2025 and 2026, was issued jointly by eight government departments. It places emphasis on “cost surveys and price monitoring” while urging carmakers…
US tariff hit: Indian home textile exports set for 5-10% fall; Crisil warns of profitability pressure this fiscal
India’s home textile exporters are set to face a revenue fall of 5-10% this year, along with lower operating profitability, after the United States enforced a steep 50% tariff from 27 August, according to a report by Crisil Ratings. Exports make up nearly three-quarters of the industry’s turnover, making the impact significant.As per news agency…
China gold licences: Yellow metal’s largest buyer to ease rules; continues to diversify away from dollar reserves
China, the world’s largest consumer of gold, is planning to relax licensing norms for the export and import of the yellow metal, as the nation continues to steer away its reserves from the US dollar.According to a draft proposal from the People’s Bank of China (PBOC), the country plans to expand the use of “multi-use…
Delhi’s Bhai Dooj gift: Pink Card registration to begin from mid October; free bus travel for women
The Delhi government is set to launch the registration process for its Pink Card, a lifetime free bus travel pass for women, from mid-October, as a Bhai Dooj gift to the women of the national capital.According to a senior transport department official, the Pink Card will be valid for a lifetime and aims to make…
Real estate sector: Institutional investors infuse $80 billion since 2010; foreign capital dominates 57% inflows
India’s property market has pulled in almost $80 billion in institutional investments over the past 15 years, highlighting its rise as a favoured asset class for global and local investors, a report by Colliers and CREDAI said.Foreign investors have played the bigger role so far, contributing 57% of the total inflows since 2010. Yet, the…
The Irony of Corporate America’s Many Patagonia Vests
Yvon Chouinard, the founder of Patagonia, hates the idea of billionaires and says he doesn’t trust the stock market. Source link