The Federation of Indian Export Organisations (Fieo) has pinpointed over 300 promising export items to the US, urging tariff reductions. These items, ranging from frozen shrimps to smartphones, are commercially significant and strategically stable.
TCS CEO K Krithivasan anticipates international revenue surpassing FY25 levels in FY26, pending trade clarity expected by late July or August. While projects with immediate ROI continue, longer-term initiatives face delays or scope reduction. The BSNL deal’s wind-down impacted revenue by 2.8%. AI is driving efficiency, prompting discussions with clients about sharing productivity gains.
India has revised its 2015 mandate for installing flue gas desulphurisation (FGD) units, now focusing on coal-fired plants within 10 km of cities with over 1 million residents. This change, driven by cost concerns and studies indicating lower-than-threshold sulphur dioxide levels, is expected to reduce power costs. While criticised by environmentalists, officials claim the recalibration…
Unified Payments Interface (UPI) has overtaken Visa to become the world’s leading real-time payment system, processing over 650 million daily transactions compared to Visa’s 639 million. This milestone, achieved in just nine years, underscores UPI’s rapid growth and potential as a global digital payments leader. Developed by NPCI, UPI dominates India’s electronic retail payments and…
Amidst a global surge in crypto adoption, India’s regulatory uncertainty poses increasing risks. Pakistan strategically uses crypto to attract investment and potentially influence US relations, raising concerns about terror financing. Bhutan leverages Bitcoin for economic stability, while the US considers stablecoin regulation.
Gold prices are poised to maintain their strength in the coming week, bolstered by increased global risk aversion and a weak US dollar. Trade-related developments and key US data releases, including CPI and retail sales figures, will be closely monitored by investors. Analysts suggest that renewed trade tariff concerns and geopolitical tensions could further fuel…
Trade experts caution India against rushing into a trade agreement with the US, citing aggressive tactics even with close allies. The US has proposed tariffs on numerous countries, including the EU and Mexico, while seeking concessions from over 90 nations.
Ursula von der Leyen announced the EU will extend the suspension of retaliatory tariffs on US steel and aluminum until early August, amidst ongoing negotiations to avert broader 30% duties threatened by the US.
India’s used car market is booming, projected to exceed 6 million sales this fiscal year, driven by value-conscious buyers and digital adoption. This surge has pushed the used-to-new car sales ratio to 1.4, indicating a significant shift. While profitability remains a challenge for organized players due to high operating costs, they are expected to achieve…
Foreign portfolio investors have been net buyers in Indian equities for the fourth consecutive month, with July inflows reaching Rs 3,839 crore. This buying trend has fueled a rally in Indian stock markets, outperforming global peers despite earlier dips and international market jitters. While the Sensex remains below its all-time high, FPIs have consistently invested…
