India’s merchandise trade gap is estimated to have narrowed slightly to $20.7 billion in June 2025, down from $21.9 billion in May, according to a report by Union Bank of India (UBI). The modest improvement was largely driven by lower crude oil prices, subdued gold imports, and a change in sourcing strategies that helped buffer…
Most nations are still negotiating in hopes of avoiding punitive import taxes. At the same time, they’re looking for trading partners as a way around the United States. Source link
NEW DELHI: Costa Coffee, the British coffee chain, reported a significant increase in its India operations, with revenue climbing 30.76% to Rs 198.5 crore in FY25, while profit increased by 28.4% to Rs 149.7 crore.The company expanded its presence from 179 to 220 outlets in FY25, contributing to this growth, as detailed in Devynai International…
Trump’s pledge to place a 50 percent tariff on all imports from the South American nation will drive up the prices of coffee — and orange juice. Source link
NEW DELHI: India’s crude oil imports from Russia surged to an 11-month high in June, as domestic refiners ramped up purchases to bolster inventories amid heightened geopolitical tensions between Israel and Iran, analysts said.Russian crude imports to India stood at 2.08 million barrels per day (bpd) in June, reaching the highest level since July 2024,…
This is a representative AI image NEW DELHI: Mercedes-Benz India is set to increase vehicle prices by 1–1.5% in September to offset the impact of the weakening rupee against the euro, Managing Director and CEO Santosh Iyer said.“There is another price hike coming up in September, because of the euro. If you see, the last…
This is a representative AI image NEW DELHI: NLC India, a state-owned enterprise, is in advanced negotiations with a Russian government-backed entity to secure lithium supplies from its mine in Africa, marking a key step in securing critical minerals for India’s energy transition.This initiative is crucial as India implements strategies to secure consistent lithium supplies…
US President Donald Trump has sent letters to 23 trading partners this week, including Canada, Japan, Brazil, and others — threatening blanket import tariffs ranging from 20% to 50%. The move, part of a renewed aggressive trade stance, also includes a 50% duty on copper imports.The letters outline that the proposed 30% general tariff would…
NEW DELHI: Walmart-owned Flipkart has announced a $50 million employee stock buyback plan that will benefit approximately 7,000–7,500 employees. The move comes as the ecommerce major prepares for a potential IPO filing next year.The buyback will allow employees to liquidate up to 5% of the stock options vested between July 6, 2022, and July 5,…
IIFL Home Finance has secured $100 million (approximately Rs 858 crore) in financing from the Asian Infrastructure Investment Bank (AIIB) to expand access to affordable housing loans and promote green building standards, the company said in a release on Saturday.The funds will be used to support home loans for families from economically weaker sections (EWS)…
