Latest News, Updates & Breaking Headlines
September’s GST cuts had helped keep prices steady for a while, but now, almost six months in, the phase is ending. India’s consumer goods makers now increasing prices by up to 5%, as rising commodity costs and weak rupee put pressure on margins. The impact is now visible in stores this quarter, with distributors saying…
India-US Trade Deal: US President Donald Trump and Prime Minister Narendra Modi NEW DELHI: As an Indian team heads to Washington to finalise the legal text for the interim trade agreement, which is sought to be signed by March, officials on Monday said that govt had offered quotas in most agricultural goods, where duty is…
BENGALURU: Over 200 jobs at Australian telecom major Telstra are expected to be cut as the company rolls out AI capabilities and shifts some roles to India, according to a report in The Guardian. Telstra and Accenture announced a $700-million joint venture in 2025 aimed at driving efficiency and modernisation. Source link
Global brokerage firm Goldman Sachs has upgraded its outlook for India’s economic growth and lowered its estimate of the country’s current account deficit (CAD) after the announcement of the India-US trade deal. The firm cited the positive impact of lower US tariffs on Indian exports as a key reason for the improved assessment.Reacting to the…
Salesforce has reportedly reduced its workforce at the start of this month. According to Business Insider, the company has cut nearly 1,000 jobs. Impacted teams include marketing, product management, data analytics, and Salesforce’s Agentforce AI product that Salesforce CEO Marc Benioff has previously said “is part and parcel of Salesforce”. In an interview with CNBC’s…
The United States and Bangladesh on Monday reached an Agreement on Reciprocal Trade as both sides seek to deepen their “bilateral economic relationship”. Under the arrangement, Bangladesh’s exports to the American market will face a 19% tariff, slightly below the earlier rate of 20%. The signing brought together US trade representative Jamieson Greer and Bangladesh’s…
Benchmarking its market access strategy to product sensitivity, India will grant quota-based duty concessions in the automobile sector while offering market access to alcoholic beverages under tariff reduction and minimum import price-based formulations under the trade pact with the United States, the government said on Monday, PTI reported. Under the agreement, tariffs on $30.94 billion…
The Centre on Monday said India has adopted a calibrated tariff liberalisation approach under the India-US Bilateral Trade Agreement, allowing duty elimination in phases of up to 10 years for select products while keeping highly sensitive agricultural sectors fully protected.According to a government statement as reported by ANI, agricultural market access for the United States…
For the first time, a top Meta executive has spoken candidly about the recent round of layoffs in the division which inspired the company’s name change. As reported by Bloomberg, Meta chief technology officer Andrew Bosworth addressed the issue during a Q&A on his Instagram story, responding to concerns about the future of Quest and…
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,…
