US celebrates labour day on September 1 (Representative AI image) Labor Day, observed on the first Monday in September, honors the American labor movement and the millions of workers who power the US economy. This year, the holiday falls on September 1, and while it offers a long weekend for many, it also means some…
A lurch in policy has shaken the India-U.S. economic alliance against China, leaving India little choice but to consider reversing its own strategy. Source link
The rupee’s trajectory has become a key concern for financial markets. Banks have reduced trading exposures, while numerous importers with large unhedged positions are facing losses. Corporates engaged in over-the-counter forex derivative transactions, anticipating stable rupee levels, are reportedly worried as the currency crosses 89. The financial sector remains uncertain whether the Reserve Bank of…
Peter Navarro (File photo) US President Donald Trump’s advisor Peter Navarro renewed his criticism of India, accusing the country of indirectly funding Russia’s war in Ukraine through discounted oil purchases—and claiming that Brahmins are profiting at the expense of Indians.“Look, Modi’s a great leader. I don’t understand why he’s getting into bed with Putin and…
Kotak has upgraded Clean Science to buy from reduce with the target price at Rs 1,370 from Rs 1,380 earlier. Analysts feel the risk-reward ratio is now favourable for the stock. The stock fell over 20% in just a month following the founding family’s 24% stake sale, which is now concluded. Analysts now find risk-reward…
MUMBAI: Banks reported an increase in their weighted average lending rates in July despite a 50-basis point reduction in the repo rate in June. Bankers said this was likely triggered by a rise in the share of high-yielding loans to MSMEs, which typically pick up after the first quarter before the festive season. According to…
MUMBAI: As scores of Amazon and Flipkart sellers prepare for the upcoming festive season, which accounts for a huge chunk of their annual sales, there’s lack of clarity and confusion on the ground about the compliance challenges that the rejigging of GST slabs could possibly bring forth. For one, some sellers are worried that the…
Eight of the top-10 highest valued companies saw their combined market value decrease by Rs 2,24,630.45 crore in the previous week, with Reliance Industries and HDFC Bank experiencing the largest declines, following the negative trend in equities.The BSE benchmark index declined by 1,497.2 points, or 1.84 per cent last week.Among the top-10 companies, eight firms…
India mulls measures to protect exporters after US tariffs (AI image) The government is preparing measures to cushion industries and workers from the fallout of the United States’ steep tariff increase on exports, according to Economic Affairs Secretary Anuradha Thakur. “There are certain employment-heavy sectors which do have exposure to the US and to that…
The specialty fertiliser sector in India could potentially face new supply disruptions as China plans to reenforce export curbs starting October, with potential price increases affecting farmers, according to a senior industry representative.Chinese specialty fertiliser exports have temporarily resumed, offering momentary respite. However, this relief period will conclude as Beijing intends to strengthen export supervision…
