RBI’s liquidity support, including government securities purchases and a CRR cut, has eased deposit pressures on Indian banks. This intervention has softened funding conditions and lowered deposit costs, providing short-term relief. While net interest margins are expected to shrink in FY26, they should improve in FY27, but the durability of these gains hinges on economic…
India is closely monitoring the reciprocal tariffs the US is imposing on other nations to assess the potential impact. Officials are awaiting the full effect of the US’s tariff adjustments, planned for August 1, 2025, before considering any contingency measures.
US President Trump announced the US is pursuing a trade agreement with India, aiming for greater access to Indian markets, similar to the deal struck with Indonesia. Indian commerce ministry officials are currently in the US for trade talks, with expectations of reduced tariffs for India.
Donald Trump announced a new trade agreement with Indonesia, significantly reducing tariffs on Indonesian exports to 19% and granting full market access to American goods. Indonesia has committed to purchasing billions in US energy, agricultural products, and Boeing jets.
The rupee strengthened to 85.76 against the US dollar, buoyed by a weaker dollar and lower crude oil prices. Gains were capped by persistent foreign fund outflows and uncertainty surrounding India-US trade talks. India’s merchandise exports remained steady, while the trade deficit narrowed, and domestic equities closed in the green with FIIs turning net buyers.
JPMorgan Chase reported a second-quarter net profit of $14.2 billion, surpassing Wall Street expectations despite being lower than the previous year. Revenue reached $45.7 billion, exceeding estimates, with the markets division showing strong growth. CEO Jamie Dimon cautioned about persistent macroeconomic threats, including tariffs and geopolitical uncertainty, while acknowledging the resilient US economy.
India is considering converting 10 decommissioned thermal power plant sites into nuclear facilities to boost its nuclear energy capacity to 100 GW by 2047. The selection process involves stringent assessments of seismic stability, water availability, and proximity to populated areas. The initiative aims to leverage existing infrastructure while exploring advanced technologies like small modular reactors.
Tesla has officially entered the Indian market, opening its first showroom in Mumbai and displaying two Model Y vehicles. While deliveries are expected to begin after September 2025, the company plans to establish charging infrastructure and expand to Delhi. This move comes amid declining global sales for Tesla, offering a fresh opportunity in India’s growing…
In a move hailed as a step towards healthier options, particularly for children, the US dairy industry has voluntarily agreed to remove synthetic dyes from ice cream products. US health secretary Robert F Kennedy Jr. noted the industry’s positive response to eliminating harmful chemicals. Over 40 manufacturers have joined the agreement, with the FDA approving…
