Daily Headlinez Top News Updates
HYDERABAD: Integrated design, engineering and manufacturing player, Ardee Engineering Limited, has received approval from the capital markets regulator, Securities & Exchange Board of India (Sebi), for its Rs 580 crore initial public offering (IPO).The IPO of the Hyderabad-based company, which is into pre-engineered buildings (PEB), material handling systems (MHS) and engineering services, comprises a fresh…
India’s exporters have voiced deep concern after US announced steep new duties on Indian-origin goods, with production already grinding to a halt in major textile hubs.Several apparel manufacturers in Tirupur, Noida, and Surat have already stopped production as hefty tariffs loom. Starting 27 August, duties on multiple categories of Indian exports to the US will…
A US embassy official on Tuesday said that Washington is committed to partnering with New Delhi on the export of high-quality products and services to support India’s energy security and economic growth, stating that America could serve as a major supplier of oil and liquefied natural gas to nation.Speaking at the 3rd Energy Summit of…
How will Trump’s 50% tariffs impact the Indian industry? Which sectors will be the most hit? US President Donald Trump-led administration has notified that 25% additional tariffs on India’s exports to the US will be effective August 27. This takes the total tariffs applicable on India to 50%, among the highest faced by major countries…
Toshihiro Suzuki after PM Modi launched the export programme of Maruti Suzuki India’s first electric vehicle e VITARA Japanese car manufacturer Suzuki Motor Corporation, on Tuesday, announced plans to invest Rs 70,000 crore in India over the next five to six years to enhance its operations in the country, as said by Representative Director and…
Diamond jewellery, textile and marine product exporters are rushing to clear US orders via air and sea before August 27, when President Trump’s proposed 25 per cent additional tariff on Indian imports takes effect. Over the past week, exporters completed pending US orders mainly through sea transport, while using air cargo—despite higher costs—for final consignments…
Bengaluru: The Qatar Investment Authority (QIA), through its subsidiary Qatar Holding, has approached the Karnataka high court to enforce an arbitral award of $235 million (about Rs 2,060 crore) against Byju Raveendran and his investment vehicle, Byju’s Investments (BIPL). The claim includes interest of 4% per annum, compounding daily from Feb 28, 2024, which now…
Mumbai: Japanese retailer Uniqlo plans to double local sourcing from India, a market which it said is key to the brand’s growth trajectory. Expanding local sourcing from the current 15%-16% to 30% in the coming years is the target, said Kenji Inoue, CFO and COO at Uniqlo India which is scouting for more local suppliers….
New Delhi: Apple has told govt that it does not intend to slow down the expansion of iPhone production in India. This expansion is estimated to entail investments of around $2.5 billion and will continue to boost manufacturing capacity to around 60 million units annually, up from the current 40 million-plus units. A large part…
Mumbai: RBI governor Sanjay Malhotra said the central bank is prepared to cushion the economy from the fallout of the US move to impose a 50% tariff on Indian exports, while also underlining efforts to push trade in local currencies as part of the internationalisation of the rupee.“RBI has always been very proactive in whatever…
