India’s soft drink industry eyes 10%+ growth in 2025; larger firms gain from easing local competition – Report

This is an AI-generated image, used for representational purposes only India’s soft drink market is poised to recover to a growth rate of over 10 per cent in 2025, after witnessing a slowdown this year due to erratic weather conditions, according to a report by Systematix Institutional Equities. As per news agency ANI, the report…

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Explained: How Jane Street made a staggering Rs 735 crore profit in Indian markets in just a day? SEBI reveals details of ‘manipulation’ strategy

SEBI investigation into Jane Street profits highlights worrying aspects about India’s derivatives market structure. (AI image) Jane Street Group, the US trading powerhouse that was slapped with a trading ban in Indian markets on Friday, made a whopping Rs 735 crore single-day profit during a January 2024 trading session, according to a SEBI order published…

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RDI scheme: Government aims to ‘jumpstart India’s R&D ecosystem’; offer low-interest funding for startups

This is an AI-generated image, used for representational purposes only. India’s newly approved Research Development and Innovation (RDI) scheme, with a massive Rs 1 lakh crore corpus, is set to provide a major boost to private sector R&D and deep-tech startups by making long-term, affordable financing accessible for high-impact innovation projects, a senior government official…

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‘Take it or leave it’: Donald Trump says US tariff letters ready for 12 countries ahead of July 9 deadline; will be sent out from…

The US president and his senior officials had initially planned to engage in tariff rate discussions with many countries. (AI image) Donald Trump’s tariff deadline: Ahead of his self-imposed deadline on reciprocal tariffs, US President Donald Trump has said that 12 countries will be getting letters Monday onwards detailing their tariff rates. It is yet…

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Brics summit: India pushes for trade without barriers; business leaders call for local currency use, digital collaboration

Representative image (Picture credit: AP) As Prime Minister Narendra Modi embarks on his visit to Brazil for the 17th Brics Summit, Indian business leaders and the Brics Business Council are pushing for deeper economic integration and seamless trade within the bloc. Onkar Kanwar, chairman of the Brics Business Council, underlined that the grouping’s central aim…

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Oil market watch: Saudi, Russia-led OPEC+ eyes fresh hike for August; focus to likely shift from price stability to market share

Saudi Arabia, Russia and six other major oil producers from the OPEC+ alliance will meet on Saturday to decide their crude output strategy for August, with analysts expecting the bloc to approve another production hike of 411,000 barrels per day (bpd), mirroring decisions made for May, June and July. The meeting will be held virtually…

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India proposes retaliatory duties against US auto tariffs

NEW DELHI: India on Friday proposed imposing of retaliatory duties under WTO norms against the US tariffs on imports of auto parts in the name of safeguard measures.“The proposed suspension of concessions or other obligations would take the form of an increase in tariffs on selected products originating in the US,” according to a notification…

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ONGC plaint: CCI seeks docs from UltraTech

NEW DELHI: Fair trade regulator CCI has directed Aditya Birla firm UltraTech, which now owns south-based cement firm India Cements, along with two other makers and their executives to submit financial documents, after its director general in its investigations found contravention of competition norms.The Competition Commission of India (CCI) has also directed Dalmia Bharat Cements…

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