According to ICRA, the domestic steel industry is facing new challenges and looking for opportunities as a result of US President Donald Trump’s recent announcement to raise tariffs on imports of steel and aluminum significantly and to cancel exemptions and duty-free quotas for major suppliers like Canada, Brazil, the European Union (EU), Mexico, South Korea,…
Weak global cues and ongoing foreign withdrawals weighed on investor mood as the Indian stock market closed in deep red on Tuesday, continuing its losing run for the fifth straight session. The BSE Sensex dropped 1016.55 points, or 1.31%, to end the day at 76,295.25, while the Nifty50 closed at 1016.55, down 309.80 points, or…
According to a Bloomberg article, the Bajaj Group is purportedly preparing to enter the healthcare industry with a possible investment of ₹100 billion (about $1.1 billion) to start a network of hospitals. To build a network of hospitals, comprising both high-end and low-cost facilities, the corporation intends to invest these funds in stages. It was…
As a result of global trade tensions brought on by the US placing tariffs on nations like Canada, Mexico, and China, foreign portfolio investors (FPIs) withdrew approximately Rs 7,300 crore from the Indian equity markets in the first week of this month. This followed a Rs 78,027 crore outflow for the whole month of January….
Due to U.S. President Donald Trump’s implementation of fresh tariff measures, the Indian rupee fell to a new record low of 87.9563 against the US dollar on February 10. Compared to the previous trading session, when it opened at 87.4275 vs the US dollar, the local currency was significantly weaker at 87.9175. On February 9,…
Without a doubt, this RBI policy meeting has been historic. The Reserve Bank of India has emerged from its five-year hiatus, reducing the key policy repo rate by 25 basis points to 6.25%, down from 6.50%. After 2020, this is the first instance of the RBI making a rate cut. In May 2020, the Reserve…
Hospitality- Positive Impact. With a focus on certain tourism segments and smart partnerships with states, the Budget is laying a solid basis for growing India’s tourism and hospitality industries. The government is fostering a more varied and rich travel experience and enhancing infrastructure by creating the top 50 tourist sites. To promote more sustainable and…
On February 5, the Indian rupee began five paise down against the US dollar at 87.1263, according to currency experts, as Asian stocks were poor. The local currency’s opening value against the US dollar was 87.1263, while its closing value against the US dollar was 87.0762. Due to growing trade concerns between the two biggest…
Electronics, automotive, and pharmaceutical companies are likely to lead the field with the largest share of incentives under the Production Linked Incentive (PLI) system, which is expected to nearly triple in the upcoming fiscal year compared to the payouts for the current one. The estimated cost of incentives for all 14 industries in 2025–2026 is…
US President Donald Trump’s aggressive tariff measures against China, Mexico, and Canada, along with the recent threat against Europe, sparked worries of a global trade war, sending the rupee plunging to a new record low and the benchmark indices closing down on Monday. The rupee made its first foray below the 87/$ threshold. At 87.195/$,…
