Economy News

India plays down Trump decision to remove US trade privileges

In a relatively tame response to the announcement from Washington on Friday, the government said it was "unfortunate" that its attempts to resolve significant US requests had not been accepted.

Jun 1, 2019

US-China trade wars: Markets panic as Beijing's 25% tariff on US imports bites

The US has already raised from 10 percent to 25 percent tariffs on imports from China to the tune of $200 billion.

Jun 1, 2019

Donald Trump to end trade privileges for India on June 5

Donald Trump had announced his intention to remove India from the Generalized System of Preferences (GSP) program in early March.

Jun 1, 2019

PM Modi faces 'jobs crisis' as unemployment hits 6.1%

Pronab Sen said that small businesses had been especially weak, while the unemployment rate was likely to have spiked after the country replaced the majority of its banknotes in a shock move in 2016.

May 31, 2019

Rs 30 lakh crore transport infrastructure bonanza to be game changer for economy

Modi 2.0 is likely to set apart a huge outlay for infrastructure, including the national highways, railways, ports, and airports over five years; spending on dedicated freight corridors expected to see massive a spurt.

May 31, 2019

Modi 2.0: Forty-two PSUs will be privatised or closed; more land for foreign firms

"They (foreign investors) will have reasons to be happy. You will see a slew of reforms I can assure you of that. We are going to pretty much hit the ground running"

May 31, 2019

Will consumption slowdown impact Indian economy?

A look at the historic performance of the FMCG sector (or consumer staples) reveals that it has been the silent star performer of the Indian equities market.

May 21, 2019

China vows to safeguard its companies after US blacklists Huawei

The decision to restrict Huawei comes amid a fresh round of trade war between two of the world's largest economies

May 17, 2019

Timing of Trump's Huawei rap calculated to escalate US trade war with China

Executive order opens the door for putting Chinese telecom giant Huawei and affiliates on Entity List claiming they are engaged in activities contrary to US national security or foreign policy interest

May 16, 2019

Entrepreneur Neil Mathew shares his success mantra

Neil Mathew started out in luxury concierge services that provided various high-end transportation but now he is focusing on developing and constructing housing renovations by investing in real estate and sells high-end luxury properties.

May 11, 2019

Will China's US trade war loss be India's gain? Tirupur hosiers eye export boost

Traders hope for Rs 30,000 crore export bonanza as inquiries pour in amid escalating US-China tit-for-tat tariff war fears; exporters urge the government to conclude a free-trade deal with EU so that exports to Europe would double.

May 10, 2019

India inflation likely crept up to six-month high in April

Forecasts ranged between 2.68 and 3.56 per cent, with almost three-quarters pegging it at or below 3 per cent.

May 10, 2019

US tariff hike: Trump receives 'beautiful' letter from Chinese President Xi Jinping

Trump's tariff increase to 25 per cent on $200 billion worth of Chinese goods took effect on Friday

May 10, 2019

From recession to trade wars, here's market's romance with Lok Sabha elections

The recent uptick in our markets may be attributed to rising expectations of a stable government, thereby making foreign players invest around Rs 54,000 crore (as on April 23) into our equity markets for the current calendar year.

May 6, 2019

Oil prices tumble by 2% after Trump tweets tariff threat on Chinese goods

Donald Trump has announced that the US would increase the tariff on $200 billion of China imported products to 25 per cent.

May 6, 2019