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.
NEW DELHI: India is well positioned to deal with the negative effects of US tariffs and global trade disruptions due to its large domestic economy and low dependence on exports, Rating agency Moody's has said in a recent report. It says that government initiatives to boost private consumption, expand manufacturing capacity and increase infrastructure spending will help offset the weakening outlook for global demand. It says that India's limited reliance on the trade of goods and its robust service sector are mitigants to US tariffs "India-made goods may even benefit from increased US demand if trade talks lead to lower tariffs on India compared to other emerging markets," it says in its report released on Wednesday. According to it, homegrown demand shields nonfinancial companies against tariffs. Further, infrastructure development and favorable demographics would underpin the businesses of India's nonfinancial companies.
Mumbai, Feb 10: The rupee on Monday plunged 45 paise and moved closer to the 88 per US dollar-level, weighed down by the strength of the American currency tariff concerns, but eventually settled at 87.45, up 5 paise, following RBI intervention. The American currency gained in the overseas market after US President Donald Trump's plans to impose 25 per cent tariffs on steel and aluminum imports, along with reciprocal tariffs targeting countries taxing US exports. The move has added jitters over the global trade war with China's reciprocal duties coming into effect, they said. At the interban ...Read More >
"He was earlier apprehended by the Central Bureau of Investigation in connection with another fraud case and is currently in judicial custody. "The case was initially registered in January 2017 based on a complaint from a private bank," Deputy Commissioner of Police (Economic Offences Wing) Vikram K. Porwal said in a statement. The bank had alleged that 467 fake Foreign Inward Remittance Certificates (FIRCs) were submitted by 18 account holders - belonging to 17 different firms - at its Naraina ...Read More >
New Delhi, July 11: Gold prices climbed by Rs 700 to Rs 99,370 per 10 grams in the national capital on Friday tracking safe-haven demand as heightened global trade tensions stoked investor worries. According to the All India Sarafa Association, the precious metal of 99.9 per cent purity had closed at Rs 98,670 per 10 grams on Thursday. Gold of 99.5 per cent purity jumped by Rs 600 to Rs 98,800 per 10 grams (inclusive of all taxes). It had ended at Rs 98,200 per 10 grams in the previous market close. In addition, silver prices rallied by Rs 1,500 to Rs 1,05,500 per kilogram (inclusive of all ...Read More >
New Delhi [India], July 14 (ANI): India must stay firm and avoid trading away its core sectors, especially agriculture, despite increasing pressure from the United States under President Donald Trump administration, according to a report by the Global Trade Research Initiative (GTRI). The report warned that entering into a trade agreement under duress could lead to irreversible consequences, particularly when such deals may not survive a change in the US political landscape. India should stay the course and avoid trading away core sectors like agriculture. A hasty deal under pressure could h ...Read More >
New Delhi, June 7 (SocialNews.XYZ) The Reserve Bank of India (RBI) has chosen to frontload its rate cuts, turning to support growth amid benign inflation prospects, according to a Crisil report, which expects one more repo rate cut this fiscal (FY26), and a pause after that. The global ratings agency also expects India's GDP at 6.5 per cent this fiscal, with risks on the downside due to US tariff hikes. Crisol listed some factors which are expected to help domestic growth hold up against global tariff risks. "Positive outlook on rains and crude oil prices and healthy external accounts -- lo ...Read More >
Jaipur: Police in Didwana have stepped up their probe into a cross-border smuggling case in which they arrested two arms and drug smugglers on June 27 for supplying Austrian Glock and Chinese Norinco pistols. It has emerged that the case has links to a massive Rs 300-crore heroin consignment seized by Punjab's Amritsar police near the India-Pakistan border in Barmer on June 30. Canada-based Joben Kaler was identified as the main overseas handler of the heroin consignment. Didwana-Kuchaman police had arrested Mohammad Ilyas from Khunkhuna and Amarjeet Singh Takhar, alias Prince, from Jalandhar ...Read More >
New Delhi, July 5 (UNI) Leader of Opposition in the Lok Sabha, Rahul Gandhi, today took a swipe at the Modi government over the ongoing trade negotiations with the United States, alleging that the Prime Minister will "meekly bow" to the pressure from US President Donald Trump's tariff deadline. "Piyush Goyal can beat his chest all he wants, mark my words, Modi will meekly bow to the Trump tariff deadline," Gandhi wrote on X, targeting the Union Commerce and Industry Minister. Notably, Goyal had reiterated India's steadfast approach to international trade, stressing that the country negotiate ...Read More >
New Delhi: In order to sort out issues involved in the 'disagreements' between India and the United States over duties for auto components, steel, pharma and farm goods, among others, the Indian team is expected to further visit Washington soon for trade talks. A delegation of senior officials has been assigned for this crucial visit. Though the visit dates have not yet been finalised, the team is likely to join the US team in a week or two, an official source said on Thursday. India is among the few other countries that are still negotiating a trade deal with Washington to clinch a 'favourab ...Read More >
New Delhi, Jul 13: The European Union and Mexico have expressed strong disappointment over US President Donald Trump's threat to impose 30% tariffs on their exports starting August 1, calling the move unfair and disruptive to global trade, BBC News reported. In response to Trump's announcement, European Commission President Ursula von der Leyen warned, "We will take all necessary steps to safeguard EU interests, including the adoption of proportionate countermeasures if required." She emphasized that the EU remained committed to dialogue and hoped to reach an agreement with Washington. Mexic ...Read More >
JAKARTA (Reuters) - Indonesia and Canada on Monday signed a Comprehensive Economic Partnership Agreement (CEPA) that aims to strengthen economic ties between the two G20 members, three years after negotiations began. The agreement will take effect in 2026 and was signed in Jakarta by trade ministers of both countries. Indonesia's trade minister, Budi Santoso, said Indonesia appreciated Canada's support for its plan to prioritise its critical minerals sector, which was vital for its sustainable growth. "Together, we advance sustainable critical mineral management, supporting Indonesia's net ...Read More >
New Delhi, Jun 29 (PTI) A growing wave of protectionism is challenging decades of liberal trade order, dramatically highlighted by the Trump's tariffs, but economic nationalism does not spell the death of globalisation rather it heralds its rebirth, presenting an opportunity for India to emerge as a vital player, according to M&M Ltd Chairman Anand Mahindra. In his address to shareholders in Mahindra & Mahindra (M&M) Annual Report for 2024-25, Mahindra, said "India, too, will face challenges" due to the ongoing global turmoil in the midst of a growing wave of protectionism. Also Read | 8th P ...Read More >
Mumbai (Maharashtra) [India], July 3 (ANI): Indian stock markets opened with gains on Thursday, but caution prevailed as investors remained concerned about the looming US tariff deadline. The Nifty 50 index began the day at 25,505.10, rising by 51.70 points or 0.20 per cent. Similarly, the BSE Sensex opened at 83,540.74, marking a marginal gain of 131.05 points or 0.16 per cent. Market experts noted that while domestic factors are supporting the market, global volatility, especially uncertainties around the US-India trade deal, is keeping traders on edge. Ajay Bagga, Banking and Market Expe ...Read More >
New Delhi: The letter was sharp and its message was unmistakable. Sri Lanka. Algeria. Iraq. Libya. Brunei. Moldova. Philippines. All now slapped with fresh US tariffs - some as high as 30%. The White House did not blink. The list kept growing. Seven more countries have now been pulled into President Donald Trump's intensifying tariff dragnet, expanding his sweeping campaign to punish what he calls "unfair treatment" of American goods. The new penalties land hard. Sri Lanka, Algeria, Iraq and Libya now face 30% tariffs. Brunei and Moldova were hit with 25%. The Philippines got docked at 20%. T ...Read More >
Trump warns BRICS nations against replacing US dollar Dec 2 (Reuters) - A gauge of emerging market stocks rose on Monday, driven by positive manufacturing data from China and expectations of continued policy support from Beijing, while India's rupee hit a record low because of weaker-than-expected economic data. As of 0932 GMT, the MSCI's index for emerging market stocks had risen by 0.7%, on track for its biggest percentage gain in over three weeks. China's blue-chip CSI 300 climbed 0.8%, and the Shanghai Composite index jumped 1.1% after a private survey indicated that Chinese factory act ...Read More >
Srinagar, Jun 7 (PTI) Authorities on Saturday barred Eid prayers from taking place at the Eidgah ground and the Jama Masjid in the old city here, while Hurriyat Conference chairman Mirwaiz Umar Farooq claimed that he was put under house arrest. "Anjuman Auqaf Jama Masjid Srinagar deeply regrets to inform that the authorities have once again disallowed Eid-ul-Adha prayers at the Eidgah as well as at the historic Jama Masjid in Srinagar by closing the gates of the mosque and deploying police personnel outside," the management of the historic mosque said in a statement. ...Read More >
New Delhi: India could benefit from relatively lower US tariffs than many countries in the Asia Pacific, which would help India attract further investment flows and support its development as a global manufacturing hub, Moody's Ratings said on Thursday. The finalisation of a free trade agreement (FTA) with the UK in May and ongoing negotiations for a similar pact with the European Union are expected to further support such progress, it added. However, the ratings agency cautioned that the US' efforts to reshore certain manufacturing segments could challenge the extent to which India gains. ...Read More >
CHENNAI: Indian equity indices closed sharply lower on Friday (July 11), marked by a sharp sell-off in the IT sector, renewed trade fears, and cautious investor sentiment. The BSE Sensex fell 689.81 points (-0.83%), closing at 82,500.47, while Nifty 50 declined 205.40 points (-0.81%), ending at 25,149.85. The key drivers behind the decline included IT sector sell-off, US trade tensions, and other global cues and foreign outflows. Tata Consultancy Services (TCS) reported weaker-than-expected Q1 results, with revenue disappointments weighing heavily The Nifty IT index dropped approximately 1 ...Read More >
Since our last publication, the higher risk-sensitive EUR/CHF cross pair has wobbled as it grappled with the Eurozone's economic weakness and a looming unfavorable external trade environment due to further global supply chain disruptions due to incoming US President-elect Trump's 10% to 20% tariffs threat on other countries' exports to the US, inclusive of the Eurozone. The EUR/CHF inched lower in the week of 18 November (ex-post US Presidential election outcome on 6 November) and retested a key intermediate support of 0.9255, a key swing low made almost a year ago on 29 December 2023. Fig 1 ...Read More >
Mumbai (Maharashtra) [India], July 3 (ANI): Indian stock markets opened with gains on Thursday, but caution prevailed as investors remained concerned about the looming US tariff deadline. The Nifty 50 index began the day at 25,505.10, rising by 51.70 points or 0.20 per cent. Similarly, the BSE Sensex opened at 83,540.74, marking a marginal gain of 131.05 points or 0.16 per cent. Market experts noted that while domestic factors are supporting the market, global volatility, especially uncertainties around the US-India trade deal, is keeping traders on edge. Ajay Bagga, Banking and Market Expe ...Read More >
Bengaluru, Jul 5 (PTI) Union Minister Piyush Goyal on Saturday said new technologies will define India's growth story in the coming years. Addressing the IIT Madras Alumni Association's Sangam 2025 event here, he said, "Your science, your technology, combined with this vibrant startup ecosystem, R&D, and innovation, will shape the India growth story of the future." Goyal said India is transforming from a country known for seeking jobs to becoming a nation of job creators. "Of course, in some small measures, we have tried to be part of the startup ecosystem, the startup fund of funds, and var ...Read More >
New Delhi: The Biden administration has decided to defer the implementation of country-specific tariffs, initially scheduled for July 9, to August 1, following heightened trade negotiations with several partner nations, including India. US Commerce Secretary Howard Lutnik confirmed the decision, stating that President Trump is currently finalising both tariff rates and bilateral agreements. President Trump announced plans to notify countries of impending tariff hikes via notification letters starting Monday (US time), with additional alerts expected on Tuesday. He emphasized: "Sending notic ...Read More >
Chennai: Surge in imports by the US ahead of anticipated tariff increases may see global trade expand by around $300 billion in the first half of 2025, with goods contributing about $230 billion and services around $70 billion. However, India was among the few countries that saw both goods and services trade decrease in the March quarter. The second half may see slower growth, finds UNCTAD. Global trade in goods and services continued its positive trajectory during the March quarter of 2025 with a quarterly increase of about 1.5 per cent and an annual growth rate of 3.5 per cent. In Q1 2025, ...Read More >
Beijing: China has expressed its willingness to engage in dialogue with the United States following recent threats by former President Donald Trump to impose new tariffs on Chinese goods. The statement comes amid growing tensions between the two economic giants over trade practices, technology policies, and geopolitical issues. Chinese Foreign Ministry spokesperson, Wang Wenbin, said that China was open to "constructive dialogue" with the U.S., emphasizing the importance of cooperation to ensure global economic stability. "China believes that both countries should seek common ground and manag ...Read More >
New Delhi [India], July 2 (ANI): India stock benchmarks continued to remain in the red after the latest rally, in what analysts attribute it as profit booking by investors. Besides, analysts opine uncertainties around extension in Trump reciprocal tariffs beyond July 9, and a India-US bilateral trade agreement weighed on the Indian stock indices this week. Today, the benchmark indices witnessed profit booking at higher levels, said Shrikant Chouhan, Head Equity Research, Kotak Securities The Nifty ended 88 points lower, while the Sensex closed 288 points lower. Among sectors, Metal index o ...Read More >
India prioritizes mutual benefits and national interests over deadlines in trade agreements, according to Minister Piyush Goyal. He emphasized fairness and a win-win approach, especially with the US, amidst looming reciprocal tariffs. While negotiations continue with the US, EU, and other nations, India remains firm on securing favorable terms before finalizing any deals.Days ahead of the US' July 9 deadline for reciprocal tariffs, commerce and industry minister Piyush Goyal on Friday said India ...Read More >
New Delhi, Jul 6 (PTI) Equity investors are up for an eventful trading week ahead as the 90-day suspension period of the reciprocal tariffs announced by US President Donald Trump ends on July 9, analysts said, adding that a positive outcome from the trade negotiations could further lift market sentiment, particularly benefiting trade-sensitive sectors. Besides, Q1 earnings from IT major TCS and foreign fund movement would also dictate sentiment at the Dalal Street, experts said. July 9 marks the end of the 90-day suspension period of the Trump tariffs imposed on dozens of countries, includin ...Read More >
HYDERABAD: Breaking out from the shadows of glittering gold, silver hit a record Rs 1,13,000 a kg on MCX late Friday. It came on the back of international prices hit a 13-year high of $37.8/Oz in the spot market and $38.7 in futures, amid rising trade worries after US President Donald Trump returned with reciprocal tariff announcements this week."On MCX, silver prices surged to a new all-time high influenced by positive cues from the overseas market. In the international market, spot silver trading reached its highest level in over 13 years, driven by intensifying global trade tensions that in ...Read More >
New Delhi [India], July 14 (ANI): India must stay firm and avoid trading away its core sectors, especially agriculture, despite increasing pressure from the United States under President Donald Trump's administration, according to a report by the Global Trade Research Initiative (GTRI). The report warned that entering into a trade agreement under duress could lead to 'irreversible consequences,' particularly when such deals may not survive a change in the US political landscape. 'India should stay the course and avoid trading away core sectors like agriculture. A hasty deal under pressure co ...Read More >
New Delhi, Jun 5 (PTI) Moody's Ratings will consider India-Pakistan conflict while evaluating India's rating, a source said. Representatives from the US-based rating agency on Thursday met India's finance ministry officials. Moody's currently has the lowest investment grade rating for India at "Baa3" with a stable outlook. "The rating agency will consider India-Pakistan conflict in its sovereign rating assessment," a source said. Last month, Moody's had said escalation of tensions between India and Pakistan will not have any major economic disruption in the country, but will be a setback f ...Read More >
Mumbai: The coming week is expected to be pivotal for the Indian stock markets as key economic triggers line up, including domestic inflation data, updates on US tariffs, and global economic indicators. The government will release India's inflation data on June 12, a crucial factor that significantly influences overall economic sentiment and market behaviour. In April, retail inflation stood at 3.16 per cent. Any deviation from expectations in the upcoming data could sway market trends. On the global front, any developments regarding US trade tariffs will also be closely watched, as they have ...Read More >