Bengaluru is gearing up for a major boost in its transport infrastructure. Prime Minister Narendra Modi will inaugurate the Yellow Line on August 10. He will also lay the foundation stone for Metro Phase 3. The Yellow Line spans 19.15 km, connecting RV Road to Bommasandra. Phase 3 will further expand the metro network by…
Faced with a 25% US tariff, the Indian government is urging exporters to develop domestic brands and is considering measures like reduced testing fees for smaller exporters. The focus is on sectors like marine products, which now face increased competition. The government is also exploring employment-linked programs and fixed-price intermediate products to support exporters.
VinFast Auto India has inaugurated its largest retail outlet in Chennai, Tamil Nadu, marking its second showroom in India after Surat, Gujarat. The 4,700 sq ft facility will showcase premium electric SUVs like the VF 6 and VF 7.
Donald Trump’s imposition of 25% tariffs on India, despite ongoing trade talks, stems from political motives, according to SBI Research. The report highlights Trump’s declining approval ratings and concerns over India’s firm stance on sovereignty. The US administration’s crypto push, Pakistan’s digital currency ambitions, and India’s growing BRICS partnership are also factors.
NSDL’s Rs 4,011.60-crore IPO witnessed overwhelming investor response, oversubscribed 41.02 times and priced at Rs 800 per share. With listing scheduled on BSE, grey market premiums indicate a strong debut. The IPO, an Offer for Sale, aims to unlock shareholder value, attracting significant interest due to NSDL’s strong financials and market position.
Foreign portfolio investors (FPI) exhibited strong interest in the Indian primary market in July, reaching a seven-month high with $1.7 billion in net inflows, driven by a surge in IPO activity. However, FPIs turned net sellers in the secondary market, resulting in a net outflow of $3.7 billion due to global uncertainties, leading to a…
US and China are engaged in tough trade negotiations, with a major sticking point being China’s oil imports from Iran and Russia. China insists on maintaining its energy supply routes, defying US pressure to cease these purchases. Despite this disagreement, both sides express optimism about reaching a deal to stabilize commercial ties, although significant challenges…
Amidst global economic instability and US tariff threats, Prime Minister Modi has strongly advocated for boosting domestic consumption, emphasizing the ‘Make in India’ initiative. Despite US pressure, India hasn’t halted Russian oil imports, prioritizing its economic interests. India defends its long-standing ties with Russia, asserting independent foreign policy.
India is poised to become a key player in the global semiconductor market, projected to reach $1 trillion by 2030. With its market expected to hit $100-110 billion by the decade’s end, India is fostering fabrication, assembly, and design hubs nationwide.
