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Mumbai: India Inc.'s credit profile has demonstrated remarkable resilience despite escalating global trade tensions and geopolitical uncertainties, according to data released by rating agency ICRA for the first half of the fiscal year 2026 (H1 FY2026).ICRA's rating actions during the period underscored the strength of corporate balance sheets and a supportive domestic economy. The agency recorded 214 rating upgrades against only 75 downgrades, resulting in a robust credit ratio of 2.9. This mark ...Read More >
Textiles Minister Pabitra Margherita is visiting Moscow to bolster trade ties with Russia in the textile sector. The visit follows US tariffs on Indian goods and aims at expanding India's market reach. The visit includes inaugurating an apparel fair, engaging Indian and Russian industries for bilateral cooperation. In light of recent US tariffs, India's Union Minister of State for Textiles, Pabitra Margherita, is setting his sights on strengthening Russia-India trade relationships. His visit un ...Read More >
NEW DELHI: India is working on the principle of self-reliance and building value chains that will safeguard the country during difficult times when there is turbulence in global trade, Commerce and Industry Minister Piyush Goyal said at a CII event here on Tuesday. "We are building capabilities, supply chains, and value chains which can help us in difficult times, and ensure we will not be subjected to any weaponisation of trade and we will always be in a position to meet our international obli ...Read More >
New Delhi, Sep 30 (PTI) As the free trade agreement between India and four European nations EFTA will come into effect from Wednesday, several Swiss products like wines, chocolates, apparel, and watches will become cheaper in the domestic market. On the other hand, Indian labour-intensive sectors, such as certain agri goods like tea and coffee, fruits, processed, textiles, marine products, leather, sports goods, toys, and gems and jewellery, will get greater market access in the member countrie ...Read More >
NEW DELHI, Sept 30 (Reuters) - India's trade pact with four European nations, including Switzerland and Norway, will take effect from Wednesday, boosting exports of textiles, leather and food products while attracting investments, a government statement said. Under the Trade and Economic Partnership Agreement, opens new tab, signed last March after nearly 16 years of negotiations, the European Free Trade Association - comprising Switzerland, Norway, Iceland and Liechtenstein - will cut tariffs ...Read More >
NEW DELHI (Reuters) -India's trade pact with four European nations, including Switzerland and Norway, will take effect from Wednesday, boosting exports of textiles, leather and food products while attracting investments, a government statement said. Under the Trade and Economic Partnership Agreement, signed last March after nearly 16 years of negotiations, the European Free Trade Association - comprising Switzerland, Norway, Iceland and Liechtenstein - will cut tariffs on 92.2% of tariff lines ...Read More >
Corporate India shows strong credit quality. Domestic consumption and government spending provide support. US tariffs present a challenge for export sectors. Gems, textiles, and marine industries face potential impact. Rating agencies report stable credit ratios overall. Banking sector exposure to these risks is low. Credit growth projections remain healthy. Corporate India's credit quality remains strong, supported by favourable domestic consumption, strong balance sheets and steady government ...Read More >
Mumbai, Sep 30 (PTI) Corporate India's credit moderated marginally in the April-September period, and the impact of the tariffs slapped by the US is a monitorable factor going ahead, rating agencies said on Tuesday. Crisil said the credit ratio, or the number of upgrades to downgrades, moderated to 2.17 in the first half of the fiscal, which is down from 2.75 in the same period last year and 2.64 in the October 2024-March 2025 period. The agency, which rates 7,300 companies, said there were 49 ...Read More >
Tens of thousands of people were gathered in sweltering heat in Tamil Nadu state's Karur for a political rally by Joseph Vijay Chandrasekhar, popularly known as Vijay, when the stampede began. Vijay, one of India's most successful actors, launched his political party, Tamilaga Vettri Kazhagam, in 2024. He's running for office in the state election scheduled to be held in early 2026. A 65-year-old woman, identified as Suguna, was the latest victim to succumb at the Karur Government Medical Coll ...Read More >
The Asian Development Bank (ADB) on Tuesday lowered its growth forecast for the current financial year by 20 basis points (bps) to 6.5 per cent, citing steep tariff hikes by the US that are expected to come into effect in the second half of FY26, thus affecting exports and manufacturing growth. "India faces the steepest tariff hikes among developing Asian economies, prompting a downgrade in its growth outlook. For FY2025 [ending on 31 March of the next year], growth is now projected at 6.5 per ...Read More >
VIJAYAWADA: In a bid to ensure the benefits of GST 2.0 reach every household, the Andhra Pradesh government has launched a comprehensive awareness campaign titled 'Super GST - Super Savings'. The initiative aims to educate citizens about the benefits of GST reforms through a series of awareness programmes across the State. During a video conference at his camp office on Monday, Chief Minister Nara Chandrababu Naidu reviewed the GST 2.0 campaign's progress with the Cabinet Sub-Committee, direct ...Read More >
Nagpur: The Coal Employees' Sarvajanik Durga Puja Mandal, CMPDI Complex, Jaripatka, proudly celebrated its 35th year of devotion and festivity with grandeur on the sacred evening of Maha Sasthi. Marking this momentous milestone, the event was graced by distinguished personalities including WCL CMD Jai Prakash Dwivedi, and MECL CMD ID Narayan.The inauguration ceremony was an embodiment of tradition and reverence, as the sacred puja was performed with intense devotion and fervour, drawing a large ...Read More >
Mumbai (Maharashtra) [India], May 19 (ANI/PNN): During Friday's opening session on Dalat Street, shares of Axita Cotton reached the upper circuit limit on strong buying demand. The shares of Axita Cotton opened on the BSE at Rs 27.01 apiece and on strong volumes locked in upper circuit level of Rs 27.30 marking an upside gap of 5.00% from the previous close of Rs 26.00. Following the company's announcement that the Board of Directors of the Company would meet on May 23, 2023, to discuss a repurc ...Read More >
UPITS 2025, the Uttar Pradesh International Trade Show, has emerged as a game-changer for women entrepreneurs, offering them a platform to gain confidence, secure international deals, and showcase their brands globally. Under the leadership of Chief Minister Yogi Adityanath, the state government has implemented women-centric policies and simplified business procedures, making Uttar Pradesh a hub for trade and investment. Entrepreneurs from cities like Kanpur, Delhi-NCR, and Greater Noida have s ...Read More >
Mumbai (Maharashtra) [India], September 29 (ANI): Maharashtra Deputy Chief Minister Eknath Shinde and Shivsena leader Milind Deora interacted with shopkeepers in Kalbadevi on Monday and encouraged them to adopt a 'swadeshi' approach. Additionally, they also discussed GST reforms with traders. Shinde claimed that due to reduced GST rates, sales have increased, and traders are pleased with the GST reforms. He also gave a call for Swadeshi. Also Read | PM Narendra Modi Slams Congress-Led Himachal ...Read More >
Mumbai (Maharashtra) [India], September 29 (ANI): Maharashtra Deputy Chief Minister Eknath Shinde and Shivsena leader Milind Deora interacted with shopkeepers in Kalbadevi on Monday and encouraged them to adopt a 'swadeshi' approach. Additionally, they also discussed GST reforms with traders. Shinde claimed that due to reduced GST rates, sales have increased, and traders are pleased with the GST reforms. He also gave a call for Swadeshi. "Traders and consumers are very happy because of reduced ...Read More >
Uttar Pradesh International Trade Show (UPITS) 2025 concluded here on a high note with a grand closing ceremony graced by Union Minister of Commerce & Industry, Consumer Affairs, Food & Public Distribution, and Textiles Piyush Goyal. Uttar Pradesh International Trade Show (UPITS) 2025 concluded here on a high note with a grand closing ceremony graced by Union Minister of Commerce & Industry, Consumer Affairs, Food & Public Distribution, and Textiles Piyush Goyal. UP Minister of Micro, Small and ...Read More >
New Delhi [India], September 29 (ANI): The Directorate General of Foreign Trade (DGFT), Regional Authority Delhi, under the Ministry of Commerce & Industry, hosted an outreach programme on the recently concluded India-UK Comprehensive Economic and Trade Agreement (CETA) at Bharat Mandapam, New Delhi. According to a press release, the event brought together senior government officials, diplomats, Export Promotion Councils (EPCs), industry leaders, and trade associations to discuss the transforma ...Read More >
New Delhi [India], September 29 (ANI): The Directorate General of Foreign Trade (DGFT), Regional Authority Delhi, under the Ministry of Commerce & Industry, hosted an outreach programme on the recently concluded India-UK Comprehensive Economic and Trade Agreement (CETA) at Bharat Mandapam, New Delhi. According to a press release, the event brought together senior government officials, diplomats, Export Promotion Councils (EPCs), industry leaders, and trade associations to discuss the transforma ...Read More >
Greater Noida: Khadi's magic reigned supreme at the Uttar Pradesh International Trade Show 2025, where it stood out as both a symbol of India's cultural heritage and a rising force in global fashion. In a spectacular fashion show, models showcased Khadi garments that fused traditional craftsmanship with modern design, sending a strong message that Khadi has moved from "tradition to trend" and is now part of the global fashion narrative. Chief Minister Yogi Adityanath has consistently urged peo ...Read More >
New Delhi, Sep 29 (PTI) The initial public offering (IPO) of logistics service provider Glottis Ltd got subscribed 42 per cent on the first day of bidding on Monday. The three-day IPO received bids for 84,69,402 shares against 2,01,23,929 shares on offer, according to NSE data. Qualified Institutional Buyers' (QIBs) portion attracted 1.79 times subscription while the quota for Retail Individual Investors (RIIs) received 22 per cent subscription. The category for non-institutional investors got ...Read More >
CHENNAI: With the state set to receive Rs 100 crores to support its efforts in doubling the cotton yield, boosting farmer incomes and modernizing outdated ginning facilities, the union government's mission for cotton productivity is expected to act as a shot in the arm for the textile sector in Tamil Nadu. According to a report in The Times of India, the initiative which has a national allocation of Rs 5,900 crores, will significantly help TN curb its reliance on expensive cotton imported from ...Read More >
Bangalore Gold Rate Today: Shattering all hopes of retail jewellery buyers of some relief amid the ongoing Navratri festival, gold rates in Bangalore, and other Indian cities broke another record on Monday, September 29. The price of gold in Bangalore, aka Bengaluru, witnessed a sharp surge bringing 24 karat gold Rs 16,000 above the historic Rs 1 lakh mark. The gold price rally in Karnataka capital mirrored the surge in gold rate in India and across the world. The sharp rally in precious metal ...Read More >
Lucknow (Uttar Pradesh) [India], September 29: Uttar Pradesh Chief Minister Yogi Adityanath Ji visited Ada Designer Chikan Studio Hazratganj showroom in Lucknow, spotlighting one of India most celebrated brands for Chikankari embroidery and promoting the rich heritage of handcrafted goods. Ada Designer Chikan Studio has long been a pioneer in preserving and modernising Chikankari, transforming Lucknow timeless embroidery into a living art that resonates with contemporary fashion while honouri ...Read More >
Jorhat, Sept 29: Union Minister of State (MoS) for Textiles and External Affairs Pabitra Margherita today denied the allegations levelled by AJP leader Lurinjyoti Gogoi that Zubeen Garg's body was brought from Singapore to India with money collected by Assamese NRIs in Singapore. Addressing newspersons at the Jorhat Circuit House on Sunday evening, Margherita said that Chief Minister Himanta Biswa Sarma had taken special efforts to bring back the mortal remains of the iconic singer right after ...Read More >
Jaipur: Rajasthan's exports in the first quarter of the financial year 2025-26 (April-June) registered a 14.37% increase at Rs 25,212 crore compared to the same period last year. However, industry representatives said the high US tariffs that came into force later could limit the performance of the sector.This follows a 16% growth in FY 2024-25, when the state's exports surged to Rs 97,171.68 crore, up from Rs 83,704.24 crore in 2023-24, according to revised figures released by the central govt. ...Read More >
KARUR: Saturday's deadly stampede at the TVK rally in Tamil Nadu, which left 40 people dead, was a tragedy in the making from the word go.To start with, it was the timing. TVK president Vijay was supposed to arrive at the rally between noon and 1pm. But by the time he reached the spot, it was 7pm. As a result, the crowd had swelled, way beyond the venue at Velusamypuram could hold. Fans and cadres had assembled at the venue from 11am, transforming the place into a carnival as songs were played. ...Read More >
The country's attraction towards Khadi has increased significantly in the last 11 years, said PM Modi. New Delhi: Prime Minister Narendra Modi, addressing the 126th episode of 'Mann Ki Baat' on Sunday, called on the countrymen to adopt 'Swadeshi' this Gandhi Jayanti and express pride in it. "October 2 is Gandhi Jayanti. Gandhiji always emphasised the adoption of Swadeshi, and Khadi was the most prominent among them. Unfortunately, after Independence, the charm of Khadi was fading away, but du ...Read More >
Lucknow: In a hall packed with audiences, mostly Gen-Z, Khadi walked on the ramp in its modern avatar at Re-Spin: The Khadi Edit, organised as part of UPITS 2025. Models showcased the diversity of Khadi in haute couture style, and each one of them won hearts and several rounds of applause. Some popular ones included chikankari and silk textures in modern dresses, capes, and even office wear. The show conveyed a clear message: Khadi is not just a heritage of the past, but also a strong foundation ...Read More >
Jammu: Lieutenant Governor on Sunday said that "massive infrastructure development and investor-friendly policy have transformed J&K into an attractive investment destination of north India". According to an official press release, addressing an 'Investors Meet', organised by the Department of Industries and Commerce and ICICI Bank, at Basohli in Kathua, Shah affirmed that the Government of India is committed to extending all possible support to facilitate J&K's Industrial growth. "Industries ...Read More >
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