Gokaldas Exports anticipates significant business losses due to the potential 50% US tariff on Indian goods, deeming it an ’embargo.’ Managing Director Siva Ganapathi outlines strategies like shifting focus to European markets and reducing capacity to combat the disadvantage.
Wall Street braces for a potential pullback as US inflation data looms, testing the market’s record-breaking rally. Strategists caution that valuations are stretched amid tariff risks and seasonally weak months. Stronger-than-expected inflation could dampen expectations for aggressive Fed rate cuts, while escalating trade tensions continue to cast a shadow over the economic outlook.
India’s passport has improved in the Henley Passport Index, granting access to over 60 nations without prior visas. Asian countries like Singapore, Japan, and South Korea lead the rankings, while the US and UK have declined. Indians can easily visit many African and South-East Asian countries.
The Reserve Bank of India (RBI) has proposed standardised forms and a uniform process for settling claims related to deceased customers’ bank accounts, lockers, and safe custody items. A 15-day settlement deadline is proposed, with compensation for delays. The new guidelines aim to simplify procedures, bring uniformity across banks, and improve customer service, with implementation…
JM Financial Credit Solutions will sell a 2.1% stake in its home loans subsidiary to Bajaj Allianz Life Insurance for ₹65.5 crore. The deal, expected to close by August 31, will reduce JMFCSL’s holding in JM Financial Home Loans from 8.98% to 6.88%. Consequently, JM Financial’s stake in the home loans unit will decrease to…
Agriculture Minister Shivraj Singh Chouhan will digitally transfer ₹3,200 crore in crop insurance claims to 30 lakh farmers under PMFBY at an event in Rajasthan. The Centre has simplified claim settlements, penalizing delays from states and insurers. Since 2016, PMFBY has disbursed ₹1.83 lakh crore against ₹35,864 crore in premiums, showcasing a farmer-friendly policy.
Willy Chavarria, a US designer, expressed regret over an Adidas sandal design. The design allegedly copied a traditional Oaxacan pattern. Mexican authorities complained about the ‘Oaxaca slip-on’ sandals. They claimed it was a reworked version of the huarache. Mexico plans to seek compensation from Adidas. This case highlights concerns about fashion brands using indigenous designs…
