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NEW DELHI: The focus has been on shrimps and textiles, but Indian carpets and rugs have seen a bruising year with exports slipping nearly 9% to $735 million between April and Nov. Lowering of tariffs is expected to come as a boost for the highly-labour intensive sector.While overall exports are down 4% to $1.3 billion…
A large garment exporter, who was at a party on Monday when Trump announced the removal of 50% tariffs, celebrated the news before getting on to calls with American buyers. Suddenly, the business dynamics looked different.From looking to relocate a part of ops to Sri Lanka, Kenya or Indonesia on the suggestion of US buyers,…
CHENNAI: India’s textile, apparel and leather exporters are expecting a sustained recovery in orders from the US, following tariff reductions under the proposed India–US trade deal. Industry representatives said the move will restore competitiveness, improve margins and revive volumes that were under pressure over the past year.Textile and apparel exporters are now expecting an increased…
MUMBAI: Reliance Industries (RIL) has acquired a 50.1% stake in Oscar-winning producer Guneet Monga Kapoor’s Sikhya Entertainment for Rs 150 crore. The acquisition has been routed through Reliance Strategic Business Ventures, a wholly owned subsidiary of RIL. The investment strengthens the content portfolio of Jio Studios, RIL’s media and entertainment arm, which has produced over…
MUMBAI: The boards of Aditya Birla Capital and Aditya Birla Housing Finance approved a Rs 2,750 crore primary capital infusion into the housing finance arm through Indriya, an Advent International entity, to fund growth, subject to shareholder and regulatory approvals and customary conditions. The transaction values the housing finance company at Rs 19,250 crore on…
MUMBAI: The US-India trade deal is expected to have a positive impact on foreign fund buying in India, potentially reversing their massive outflow from the stock market witnessed in recent months.On one hand, the deal lifts a long-standing overhang from the market that in turn would improve investor sentiment about India globally. In addition, this…
India and the United States have agreed on a framework for a bilateral trade deal under which Washington will reduce tariffs on Indian goods to 18% from the current 50%.The announcement is significant as the US had imposed steep duties on Indian exports entering American markets, effective August 27, 2025.In August 2025, Washington announced a…
NEW DELHI: Domestic drugmakers are set to gain clarity under the proposed India-US trade agreement, sharpening expansion plans in the world’s most lucrative pharmaceutical market. While the sector was insulated from punitive US tariffs, the generics business of major companies including Sun Pharma, Dr Reddy’s and Cipla faced significant headwinds in the third quarter ended…
US trade representative Jamieson Greer on Tuesday outlined the Trump administration’s rationale for imposing an 18% tariff on Indian goods, citing Washington’s large trade deficit with New Delhi.Greer said the US is working to formally finalise the trade agreement with India announced earlier this week and is in the process of putting the details on…
India-US trade deal (AI image) India-US trade deal: While the announcement of India-US trade deal brought a welcome relief rally in domestic stock markets and cheered exporters, a lot still remains unknown about the key details of the trade agreement. The biggest takeaway from US President Donald Trump and Prime Minister Narendra Modi’s social posts…
