NEW DELHI: With the US and China agreeing to a tariff truce, Apple is reviewing its aggressive plans to scale up in India. While the “regular expansion and China+1 production diversification plans will continue as envisaged”, sources said the iPhone strategy being drawn up exclusively for the US market will be “temporarily put under review”.“We…
India’s merchandise exports grew by 9.03 per cent year-on-year in April, reaching $38.49 billion, driven by robust performance in key sectors such as electronics and engineering goods. Also, a sharp increase in imports led to the country’s trade deficit widening to $26.42 billion—the highest level since November 2024, when the gap stood at $31.77 billion,…
NEW DELHI: After US President Donald Trump claimed he had advised Apple CEO Tim Cook against manufacturing in India, commerce secretary Sunil Barthwal on Thursday pushed back, saying that companies will decide based on where the advantage lies, and India, he emphasized, is now a competitive global hub for smartphone production.“Companies will see competitive advantage…
India’s unemployment rate stood at 5.1 per cent in April 2025, according to the country’s first-ever monthly labour force data released by the Ministry of Statistics and Programme Implementation on Thursday.The release marked a significant shift in employment monitoring, as job data until now had been published only on quarterly and annual bases.The ministry launched…
The Indian rupee declined by 22 paise to close at 85.54 against the US dollar on Thursday, pressured by strong demand for the greenback from importers and continued foreign fund outflows. However, gains in domestic equities and a fall in crude oil prices helped limit the currency’s losses, according to forex traders.At the interbank foreign…
NEW DELHI: The Adani Group has ended its partnership with Chinese company DragonPass, which is a platform offering airport lounge access service. Adani currently runs airports in Mumbai, Ahmedabad, Lucknow, Mangaluru, Jaipur, Guwahati & Thiruvananthapuram and is building the upcoming one at Navi Mumbai.“Our association with DragonPass, which provided access to airport lounges, has been…
Central trade unions have postponed the nationwide general strike initially scheduled for May 20, moving it to July 9 in light of recent developments following the India-Pakistan conflict. The decision was taken during a meeting of the Joint Platform of Central Trade Unions and Independent Sectoral Federations and Associations held on Thursday, according to an…
Walmart reported a dip in first-quarter profit on Thursday and said it will raise prices due to mounting tariff-related costs stemming from policies implemented by President Donald Trump.While the retail giant posted strong sales, it acknowledged growing challenges that could weigh on future performance.The company earned $4.45 billion, or 56 cents per share, for the…
Pakistan’s proposal follows Trump’s claim about mediating a “ceasefire” between Pakistan and India. Pakistan woos Donald Trump! In a significant move, Pakistan has proposed a zero-tariff bilateral trade agreement to the United States, PTI quoted Geo News on Thursday. The proposal comes at a time when India and the US are quickly looking to seal…
Wall Street slipped Thursday morning as markets digested a surprise drop in US wholesale prices and oil tumbled on growing optimism over a potential nuclear agreement between the United States and Iran.The Dow Jones Industrial Average fell 170.92 points, or 0.41%, to 41,880.14 at the initial minutes of market opening. The Nasdaq Composite dropped 83.94…
