Business
India maintains resilience amid trade uncertainties; tax reforms to aid growth: Finance ministry
The Finance Ministry’s report emphasizes that government reforms, including GST rationalization, are protecting India’s economy from trade challenges while advocating vigilance against external risks. Despite potential disruptions from the US H-1B visa fee, robust growth and upgraded credit ratings underscore a positive outlook, driven by macroeconomic discipline.
Leadership change at Tata Motors: Shailesh Chandra named CEO; appointment effective October 1
Shailesh Chandra will assume the role of additional director, managing director & CEO of Tata Motors from October 1, 2025, for a three-year tenure, while continuing to lead Tata Passenger Electric Mobility. This appointment follows P B Balaji’s departure to become CEO of JLR Automotive on the same date.
MoU on the table: India eye deeper agricultural ties with Russia; focus on boosting exports
Agriculture Minister Shivraj Singh Chouhan and Russian Deputy PM Dmitry Patrushev convened to bolster bilateral agricultural cooperation and trade. Both nations expressed willingness to establish a formal MoU, focusing on boosting India’s exports and improving market access. They also agreed on academic collaboration and joint ventures in seed traceability systems.
FIIs may return after year-long absence; attractive valuations, government policies support outlook: HSBC report
HSBC upgraded Indian equities to ‘Overweight’ due to attractive valuations and strong policies, expecting FII return. A weakening dollar and potential US Fed rate cuts will benefit India, with earnings projected to improve. HSBC identified 11 preferred stocks, forecasting a positive outlook for Indian equities.
India-US trade deal: Commerce Ministry shares update on Piyush Goyal’s visit; says aim to ‘achieve early conclusion’
India and the US are committed to progressing towards a trade agreement, as stated by the Ministry of Commerce & Industry. During Commerce Minister Piyush Goyal’s visit to the US, both sides discussed potential aspects of the deal and agreed to continue discussions for a mutually beneficial outcome.
Trump’s 100% tariffs on branded drugs: Which Indian pharma stocks are most vulnerable? Experts weigh in
Donald Trump’s tariff move impacts Indian pharma stocks. Companies like Sun Pharma, Cipla, and Dr. Reddy’s face potential declines. US represents a major market for Indian exports.
Indian Railways revises contract conditions: Introduces localisation, price variation clauses; compliance with GST norms in focus
Indian Railways has updated its tender contract conditions to prioritize localization, price variation, and maintenance, aiming for greater procurement flexibility and reduced litigation. The revised framework extends the defect replacement timeframe for contractors and grants zones more procurement autonomy. These changes, coupled with GST compliance measures, support India’s infrastructure expansion plans, including significant additions to…