business

S&P Global Market Intelligence warns that India’s GDP growth could dip below 6.2% in FY26 if the US imposes a 25% tariff beyond September. This stems from India’s reluctance to offer market access for US agriculture and dairy products.

The finance ministry is intensifying scrutiny of public sector undertakings through weekly capital expenditure reviews. These actions aim to safeguard the Indian economy from escalating geopolitical risks, according to DIPAM Secretary Arunish Chawla. Public sector enterprises now represent 15% of India’s total market capitalization, with the government confident in sustaining their capital expenditure momentum amidst…

Apple CEO Tim Cook confirmed that the majority of iPhones sold in the US during the last quarter were manufactured in India, while China primarily serves non-US markets. Despite Trump’s push for domestic production, Apple is bullish on India, witnessing record revenue growth driven by iPhone sales and planning retail expansion.

Amazon shares experienced a significant drop following the release of its Q2 earnings report, primarily due to the slower-than-expected growth of Amazon Web Services (AWS). While AWS revenue increased, it lagged behind the growth rates of competitors Microsoft Azure and Google Cloud, raising concerns about Amazon’s position in the competitive AI-driven cloud market.

India’s foreign exchange reserves saw a significant boost, climbing by $2.703 billion to reach $698.192 billion as of July 25, according to recent RBI data. This surge follows a previous week’s decline. The increase was largely fueled by a rise in foreign currency assets and a notable jump in gold reserves.