business

President Trump announced his willingness to lower tariffs for countries opening their markets to the US, emphasizing a focus on zero tariffs. Deals with Japan and Indonesia, involving market access and significant purchases, have been reached. Negotiations with China are ongoing, with a potential extension to the August 12 deadline to facilitate further discussions and…

US stocks surged to new highs following a trade agreement between the US and Japan, which reduced tariffs and boosted investor confidence. The deal sparked rallies in Japanese car stocks and European markets. While some companies reported mixed earnings reactions to existing tariffs, optimism prevails with hopes for further trade deals and strong tech earnings.

The Enforcement Directorate has filed a complaint against Myntra. The complaint alleges violations of foreign direct investment norms. Myntra is accused of operating as a multi-brand retail trade under the guise of wholesale operations. The agency claims Myntra received significant foreign investments improperly. These investments totaled Rs 1,654.35 crore. Myntra denies the allegations and pledges…

The Asian Development Bank has revised India’s GDP growth forecast for fiscal year 2026. The forecast is now 6.5 percent, down from 6.7 percent. This is due to global trade uncertainty and US tariffs. Despite this, India remains a fast-growing major economy. Growth will be supported by agriculture and services.

A recent ICICI bank report indicates that uneven rainfall distribution across India may trigger supply distress and price increases for key crops due to potential crop damage in affected regions. While overall kharif sowing shows encouraging growth, the report cautions that deficient rainfall in states like Bihar and Telangana could negatively impact crop production, leading…

The rupee weakened for the sixth straight session, closing at 86.41 against the dollar due to a strong greenback and foreign fund outflows. Concerns over India-US trade talks are rising, with potential tariff hikes looming if negotiations stall.

India is poised to become a major electronics manufacturing hub, challenging China and Vietnam, according to a Centre for Development Studies report. The Production Linked Incentive (PLI) scheme spurred a massive increase in mobile phone exports, reaching $24.1 billion in 2024-25. Domestic Value Addition also rose significantly, creating numerous jobs.

Indian Railways has revised its emergency quota (EQ) guidelines, mandating requests be submitted a day before travel to ensure timely chart preparation. The new rules specify cutoff times based on train departure schedules. These changes accompany broader reforms, including revised chart timings, Tatkal booking verification, and a new passenger reservation system slated for December 2025.

The Global Trade Research Initiative (GTRI) warns India against replicating the US-Indonesia trade deal, which heavily favors the US by granting access to Indonesia’s markets while imposing tariffs on Indonesian goods. GTRI advises India to be cautious in trade negotiations with the US, especially regarding agriculture, digital trade, and product standards.