India's economic engine is revving up, but navigating the global headwinds requires sharp strategy. The rupee's recent volatility against the dollar underscores the complexities facing Indian businesses, impacting everything from import-export trade to domestic inflation. This week alone, we've seen significant shifts in the IT sector, with major players announcing restructuring and a renewed focus on AI-driven solutions. Meanwhile, the burgeoning startup ecosystem continues to attract substantial funding, despite a cautious global investor sentiment. The government's recent policy announcements on infrastructure development and digitalization are poised to further shape the business landscape, creating both opportunities and challenges for entrepreneurs and established corporations alike. Understanding these market dynamics is crucial for success in today's rapidly evolving Indian economy. Stay informed with Abtak.com for the latest insights and analysis on key sectors including finance, manufacturing, and technology – empowering your business decisions in a dynamic market. Explore the complete business news section now to stay ahead of the curve.
MUMBAI: The 50% tariffs on natural diamond exports from the country will have the natural diamond polishing industry which polishes 95% of the global production and nets the maximum income from the US, staring at a steep 28-30% decline in revenue to $12.50 billion this fiscal, compared to the $16 billion they netted last fiscal. The blow will follow a 40% de-growth over the past three fiscals because of the fall in both prices as well as sales volume of natural diamonds as demand in the US and China dropped with the competition from lab-grown diamonds rose, Crisil Ratings said in a note on Thursday. The industry, which polishes as much as 95% of the diamonds produced in the world, derives 80% of its revenue from exports with the US accounting for 35% of the exports. Sales have been falling after the US imposed 10% tariff in April 2025 and since then the share of the US in the country's polished natural diamonds slid 1,100 bps in the first four months of this fiscal to 24%. The whopping 50% tariffs, effective from yesterday, makes exports to the US tough for two reasons: one, the industry's low margins make absorption of the incremental levy very difficult, and secondly declining demand for natural diamonds means passing on the incremental burden to consumers will not be easy. The resulting reduced operating leverage can erode the operating margin of polishers by 50-100 bps and burden their credit profile, the agency said in a report based on an analysis of 43 diamond polishers, accounting for nearly a fourth of the industry revenue. Since the 10% duty from April which led to 1100 bps reduction in export share to 24% from 35% last fiscal, diamond polishers cranked up production in July and August to meet the anticipated festival demand in the US. Not surprisingly, exports surged 18% in July on-year. However, competition from lab-grown diamonds will continue to dent revenue of the industry, with the variety having already captured 60% of the market by volume. Subdued Chinese demand adds to these woes. The US and China are the largest diamonds and lab-grown diamonds markets.
New Delhi, Oct 1 (PTI) India will not only attract USD 100 billion committed investments from the four-nation EFTA bloc under a trade agreement, but also look at an additional USD 150 billion, Commerce and Industry Minister Piyush Goyal said on Wednesday. He said that huge opportunities are there for companies from these four countries to invest in India. Under the India-EFTA trade and economic partnership agreement (TEPA), New Delhi has received a commitment of USD 100 billion FDI from EFTA over the next 15 years. The European Free Trade Association (EFTA) members are Iceland, Liechtenstei ...Read More >
London-based De Beers almost single-handedly persuaded generations of consumers that love wasn't genuine unless it was sealed with a diamond. The stones were prized not only for their beauty but also as a miracle of nature formed over a billion years deep in the earth, and then extracted in exotic locales -- often on behalf of De Beers. Now diamonds can be made in labs that mimic the earth's extreme pressure and temperatures, but for a fraction of the price. A decade ago, such man-made gems were ...Read More >
Trump India Tariffs Impact: US 50% tariffs on Indian exports take effect tomorrow, targeting textiles, seafood, gems, jewellery, and leather. Analysts warn the move could threaten millions of jobs and shave 0.5% off India's GDP. Back in his first term, Donald Trump had first called India as the "tariff king." Now, in his second stint in the White House, he has repeated that often and is now bringing the 50 per cent tariff hit for New Delhi. The order, Executive Order 14329, links the penalty to India's continued imports of Russian crude and defence hardware. For New Delhi, this isn't just ano ...Read More >
Mumbai, Aug 28 (PTI) India's natural diamond polishing industry faces a 28-30 per cent fall in revenues to USD 12.50 billion in this financial year as the steep 50 per cent tariff imposed on Indian exports by the US kicks in, a report said on Thursday. An additional 25 per cent tariffs on Indian products entering the American market came to effect on Wednesday after the US administration's move to penalise India for purchasing Russian oil. This is on top of the 25 per cent the reciprocal tariff imposed by US President Donald Trump in April. During 2024-25, the revenue of the natural diamond ...Read More >
India's outlook remains robust. The country recorded 8 per cent steel demand growth in 2024 and is expected to grow more than 7 per cent in 2025. India is expected to emerge as a major growth centre for global steel demand over the coming decades, even as China's dominance wanes. China, which accounted for 49 per cent of world steel consumption in 2024, is projected to see demand fall by an average of five to seven million tonnes (Mt) annually over the next decade. China's share of global demand is forecast to fall sharply to 31 per cent by 2050. India, by contrast, is expected to nearly tri ...Read More >
Medak: Telangana State BJP President N. Ramchander Rao on Friday appealed to the people to give the committed party an opportunity to meet the aspirations of the poor and downtrodden. Addressing a large gathering of party workers in Medak, the BJP chief remarked that citizens have experienced the rule of the BRS and the Congress party and have had bitter experiences with the deceitful practices of both. He urged people to support the BJP wholeheartedly in the upcoming local body elections as a way to teach the ruling Congress party a lesson for its unfulfilled promises. Rao emphasized that t ...Read More >
Chandigarh: Officials of Municipal Corporation Chandigarh have revealed that the top 20 property tax defaulters of the city are yet to clear dues of over Rs 190 crore, while property tax arrear cases worth Rs 62 crore are under litigation in the Punjab and Haryana high court. Citing different reasons, occupants of seven properties, out of the top 20, have challenged the MC's arrears amount, following which the authority failed to recover the amount from them. All these properties fall under the commercial category. As per official data of the Municipal Corporation, Chandigarh, commercial prope ...Read More >
Need to stay united, must stand up to bullying, says Maruti Chairman RC Bhargava (File image) India needs to come together to deal with the 50 per cent punitive US tariffs on Indian products and stand up to any kind of bullying, Maruti Suzuki India Chairman R C Bhargava said on Thursday at the company's 44th Annual General Meeting (AGM) in New Delhi. "It is our duty as Indians to do our very best to promote and maintain our dignity and respect and not give in to any kind of bullying in this mat ...Read More >
New Delhi, Sep 29 (PTI) Homegrown Premier Energies on Monday announced securing multiple solar contract worth USD 19.95 million (around Rs 177 crore) Republic of Benin, West Africa. These projects are part of a national initiative by the Government of Benin to expand access to reliable, sustainable clean energy, Premier Energies said in a statement. Implementation will be carried out by Premier Energies in collaboration with the General Directorate of Energy Planning and Rural Electrification, under the Ministry of Energy, Water and Mines, Republic of Benin. The scope of the contracts cover ...Read More >
New Delhi: The country's largest carmaker Maruti Suzuki has announced the rollout of its first made-in-India electric vehicle - the e-Vitara SUV - in a major boost to the green segment from its upgraded Gujarat plant, which is now set to become one of the world's largest automotive manufacturing hubs with a projected annual capacity of one million units. Crucially, this facility will serve as Suzuki's global production base for electric vehicles (EVs), exporting to over 100 countries, including advanced markets in Japan and Europe, which is aligned with India's vision of becoming a global aut ...Read More >
New Delhi, Aug 28 (SocialNews.XYZ) India's natural diamond polishing industry recorded 18 per cent surge in exports in July on year-on-year (YoY) basis as it had cranked up production to meet the anticipated festival demand in the US, a report said on Thursday. The industry is projected to see a 28-30 per cent decline in revenues, dropping to approximately $12.50 billion this fiscal year, down from $16 billion last fiscal year due to the impact of US tariffs, a report from credit ratings agency Crisil Ratings said. A 40 per cent decrease in revenue was seen over the past three fiscal years d ...Read More >
New Delhi, Sep 30 (PTI) The free trade agreement between India and the four-nation European bloc EFTA will come into force from Wednesday under which New Delhi has received an investment commitment of USD 100 billion in 15 years from the grouping while allowing several products such as Swiss watches, chocolates and cut and polished diamonds at lower or zero duties. The European Free Trade Association (EFTA) members are Iceland, Liechtenstein, Norway, and Switzerland. It was signed on March 10, 2024. Domestic customers will get access to high-quality Swiss products such as watches, chocolates ...Read More >
New Delhi: Traffic in central Delhi will be affected on Thursday as the traffic police has issued an advisory due to the Janmashtami and Tazia processions.According to police, the traffic movement in Paharganj is likely to be affected from 1.30pm in view of the shobha yatra for Janmashtami and the Tazia procession.The Janmashtami procession will start from Mandir Shri Banke Bihari Ji in Paharganj's Sangatrasan Bazar and pass through Desh Bandhu Gupta Road, Chuna Mandi, Main Bazar, Munja Chowk and Arakashan Road. The Tazia procession will start from Ajmeri Gate and proceed through Pul Paharganj ...Read More >
Surat: Ahead of the US's 50% tariff coming into effect on Aug 27, exports of gems and jewellery (G&J) grew by 16% in July, while exports of cut and polished diamonds (CPD) grew by 18%, compared to the same month last year. After two years of declines, July saw overall gross exports of gems and jewellery rise to $2.17 billion from $1.87 billion in July 2024. Overall gross exports of CPD grew to $1.07 billion, compared to $910 million last July. Polished lab-grown diamond exports grew by 27.6% to $122 million from $96 million last year. For April-July 2025, polished lab-grown diamond exports dec ...Read More >
Bengaluru: For millions of people, the sudden, sharp pain of tooth due to sensitivity can turn a sip of cold water into a jolt. Now, researchers at Indian Institute of Science (IISc), in collaboration with Bengaluru-based deep-tech startup Theranautilus, have engineered "CalBots" - magnetic nanobots that can seal the problem at its source.As per IISc, CalBots are 400-nanometre particles loaded with a calcium silicate-based bioceramic formula, designed to travel 500 micrometres deep inside dentinal tubules, the tiny tunnels in the tooth that lead to nerve endings. Guided by an external magnetic ...Read More >
New Delhi: The free trade agreement between India and the four-nation European bloc EFTA will come into force from Wednesday under which New Delhi has received an investment commitment of $100 billion in 15 years from the grouping while allowing several products such as Swiss watches, chocolates and cut and polished diamonds at lower or zero duties. The European Free Trade Association (EFTA) members are Iceland, Liechtenstein, Norway and Switzerland. It was signed March 10, 2024. Domestic customers will get access to high-quality Swiss products such as watches, chocolates, biscuits, and cloc ...Read More >
While overall deal volumes remained stable compared to the previous quarter, values spiked sharply due to large-ticket strategic acquisitions. New Delhi: India's automotive sector recorded its strongest quarter in over a year, with 30 transactions valued at $4.6 billion in Q3 2025, according to the Grant Thornton Bharat Q3 2025 Automotive Dealtracker. The surge in deal value was largely driven by Tata Motors' $3.8 billion acquisition of Iveco S.P.A., marking one of the largest outbound automotiv ...Read More >
Srinagar: The Counter-Intelligence Kashmir (CIK) unit of Jammu and Kashmir Police is conducting searches at ten locations across four districts in the Valley. An official told news agency -- Kashmir News Observer (KNO) that the raids are part of an ongoing investigation into a terror-crime case linked to a terrorist sleeper cell and recruitment module handled by Jaish commander Abdullah Ghazi from across the border. The searches are underway at one location in Pulwama, six in Ganderbal, one in Srinagar, and two in Budgam district -- (KNO) ...Read More >
New Delhi, Aug 18 (PTI) The operating profit of telecom companies in India is expected to grow 12-14 per cent to about ₹1.55 lakh crore this fiscal, driven by more data consumption and rise in average revenue per user, Crisil Ratings said on Monday. The "robust" operating performance, along with declining capital expenditure intensity of leading players post 5G rollout, is seen improving free cash flow, supporting credit profiles of leading players in the industry. The telecom industry benefits from high operating leverage, Crisil Ratings said adding that its analysis suggests that every Re ...Read More >
New Delhi, Jun 27 (PTI) Raising concerns over the elevated gold prices, country's leading branded jewellery maker Titan said it "could see shifts in demand segments", though it will continue to prioritise topline growth driven by market share gains. "Gold prices are expected to remain high, given the geopolitical and macroeconomic uncertainties globally," said the latest annual report of Titan, which operates in the market with brands such as Tanishq, Mia by Tanishq, CaratLane and Zoya. Also Read | Bodoland Lottery Result Today, June 27, 2025: Assam State Lottery Sambad Friday Lucky Draw Res ...Read More >
New Delhi [India], July 20 (ANI): India's tyre sector is set to see steady revenue growth of 7-8 per cent this fiscal, driven by replacement demand that accounts for half of annual sales, even as offtake by original equipment manufacturers (OEMs) will likely be subdued and exports steady, said Crisil Ratings in a report. The report added that the rising premiumisation is expected to give a slight leg-up to realisations. However, escalating trade tensions and the risk of dumping by Chinese producers diverting inventories because of US tariffs could pose challenges. Also Read | From Shane McMa ...Read More >
New Delhi: The Indian government's decision to allow duty-free cotton imports, mainly from the United States, is expected to provide some relief to the country's apparel exporters, who face a 50% duty in the US. Industry leaders believe the move will help manufacturers by raising the share of US-origin inputs in finished garments, partially shielding them under America's reciprocal tariff rules. Under the new tariff structure, duties are applied only to the portion of a product that does not use American inputs. If at least 20% of a product is made with US-origin content, that share is exempt ...Read More >
Chennai: Despite a full month of 50 per cent US tariffs, quite intriguingly, India's merchandise exports grew both yearly as well as sequentially in September. As per the government data, merchandise exports grew 6.75 per cent on a y-o-y basis and 3.64 per cent on a m-o-m basis. The exports to the US were down by just 11.9 per cent. Merchandise exports in September rose 6.75 per cent to $36.38 billion against $34.08 billion in the same month last year. September exports rose 3.64 per cent against $35.10 billion in August, even when US tariff hikes remained detrimental to goods such as textile ...Read More >
Patna: Non-vegetarian dishes have made Bihar's politics spicier on several occasions, and so union minister and senior JD (U) leader Rajiv Ranjan Singh aka Lalan Singh' recent mutton party for party workers and supporters under his Munger constituency was no exception. Lalan Singh listened to problems of common people at Suryagarha in Lakhisarai district of Bihar (part of Munger constituency) to sort them out with local authorities and also threw a mutton party for them, creating a controversy as the feast was organised in the month of saawan. Although Lalan Singh made separate arrangements ...Read More >
Exports of Indian natural polished diamonds to the US - contributing 35 per cent of total exports in fiscal 2025 - is set to face further headwinds following the tariffs and penalty announced by the US, said Crisil Ratings officials. An official of the ratings agency noted that the demand for natural diamonds in the US market has slowed already. "Added to this, reduced offtake by retailers post announcement of 10 per cent tariff on Indian exports in April 2025, brought down the share of the US ...Read More >
Chennai, Mar 31 (UNI) The IIT Madras Research Group India Centre for Lab Grown Diamond (InCent-LGD) has taken the Nation's Research on Quantum Technologies, photonics, sensing, and Metrology using Diamond Material to the global stage. Established with the support of the union Ministry of Commerce, this Research Group works towards making India a global leader in the lab-grown diamond industry by developing indigenous technologies. The technologies developed by this Centre will be available to Indian start-ups and industry to make India self-reliant (Atma Nirbhar) in producing gem-quality and ...Read More >
Indian IT bellwether Tata Consultancy Services (TCS) will announce its Q1FY26 earnings on Thursday, July 10. The company is expected to report a year-on-year (YoY) net profit growth of 1% to 3%, according to estimates from four brokerages. The bottom line is projected to be in the range of Rs 12,040 crore to Rs 12,416 crore. Revenue for the April-June quarter of FY26 is expected to grow between 2.7% and 3.8%, i.e., in the range of Rs 62,613 crore to Rs 64,993 crore. The estimates have been provided by Kotak Institutional Equities, Nuvama Institutional Equities, InCred Equities, and Axis Secu ...Read More >
New Delhi, Jul 18 (PTI) The central drugs laboratories have found 55 samples manufactured by various firms in June to be "not of standard quality", health ministry officials said on Friday. Further, state drugs testing laboratories have identified 130 drugs samples as 'not of standard quality', they said. Also Read | Chhattisgarh: 6 Bodies of Naxals Recovered in Ongoing Encounter With Security Forces in Narayanpur. According to routine regulatory surveillance activity, the list of 'not of standard quality' and spurious drugs are being displayed on the Central Drugs Standard Control Organisa ...Read More >
Mumbai: Revenue growth of the domestic readymade garment (RMG) industry is projected to slow to 3-5% this fiscal year, after the US imposed a steep 50% duty on India's imports to the world's largest economy. The tariffs, which take effect from Wednesday, could crimp profitability of garment makers, likely straining their financial health, according to a note from ratings agency Crisil released on Tuesday. The impact will vary, hitting some firms harder than the others, especially those that generate over 40% of their revenue from the US. Crisil expects the share of the US in India's RMG expo ...Read More >
Surat (Gujarat) [India], August 21: KP Group, a leading name in India's renewable energy sector, is stepping up its expansion with a clear goal of reaching 10 GW capacity by 2030. With projects already underway in Gujarat, the Group is working on projects in Rajasthan, Madhya Pradesh, Odisha, Andhra Pradesh and Maharashtra, supported by a strong order book and government partnerships. KP Group has signed memoranda of understanding with Gujarat, Odisha, Rajasthan and Madhya Pradesh for over 2.6 GW of renewable projects, while exploring new opportunities in other states. The Group has already e ...Read More >