Several garment manufacturers in Tiruppur, Tamil Nadu’s knitwear hub, have suspended production, while others are weighing their options after the United States announced steep new tariffs on Indian imports. Industry representatives said American buyers have also paused execution of existing orders, prompting exporters to adopt a “wait and watch” stance.The move follows Washington’s decision to…
Critics say an executive order that clears the way for alternative assets to enter retirement accounts poses risks to everyday investors. It could also pose some for private fund managers. Source link
Technocraft Ventures, a wastewater treatment solutions provider and public infrastructure development firm, has filed draft papers with markets regulator Sebi to launch an initial public offering (IPO).The IPO will comprise a fresh issue of up to 95.05 lakh equity shares and an offer for sale (OFS) of up to 23.76 lakh shares by promoter Kartikey…
But automakers can’t absorb the cost forever and will soon begin to raise new car prices, analysts say. Source link
India and Oman are set to announce the conclusion and signing of their proposed free trade agreement (FTA) “much sooner” than the earlier estimated two to three months, PTI reported citing an official.When asked if it would take two to three months, the official said: “Much less” than that. The agreement text is currently being…
Young adults without jobs that provide insurance find that their options are limited and expensive. The problem is about to get worse. Source link
MUMBAI: The profitability of Tata Motors‘ cash cow, Jaguar Land Rover, was hit by tariffs imposed by US President Donald Trump, resulting in a 30% fall in the overall profitability of the Indian company. Outgoing JLR chief Adrian Mardell anticipates new trade deals signed between the US and the UK, effective June 30, and between…
Businesses that had been in a holding pattern during President Trump’s evolving trade war are starting to plan ahead with more conviction. Source link
ICICI Bank, India’s second-largest lender, has increased the monthly minimum average balance requirement for new savings account holders, effective August 1.For accounts opened after this date, customers in metro and urban branches will need to maintain a monthly average balance of Rs 50,000, up from the earlier Rs 10,000. In semi-urban branches, the requirement has…
NEW DELHI: In a bid to manage the heavy rush during the Diwali and Chhath festival season, railways has introduced a new experimental scheme “Round Trip Package”, offering a 20% rebate on the fare of the return journey for passengers booking both onward and return tickets together. The initiative aims to spread out passenger traffic…
