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Auto trade: US tariffs to bite in H2 as contract uncertainty clouds outlook; ACMA flags margin stress

The auto component industry expects the real impact of US tariffs to play out in the second half of the current financial year, with uncertainty beginning to cloud fresh export contracts even as existing supplies continue, industry body ACMA said on Wednesday.Despite global headwinds, the sector posted steady growth in the first half of FY26….

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Budget 2026: CII pushes green hydrogen mandates with incentives to unlock demand; seeks policy clarity

Industry body CII has called on the government to issue clear green hydrogen mandates, supported by incentives, to accelerate demand creation and help India transition towards a cleaner industrial economy, PTI reported.The Confederation of Indian Industry said sectors that currently rely heavily on grey hydrogen — such as refining, fertilisers and natural gas — are…

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RBI proposes changes to banks’ forex positions

The Reserve Bank on Wednesday proposed changes to rules governing banks’ foreign exchange positions. The amendments to net open position (NOP) were made following a comprehensive review of the existing instructions, according to an official statement. NOP refers to the difference between banks’ total foreign currency assets and liabilities, revealing their exposure to currency fluctuations…

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India-China trade: India’s exports to China rise in 2025, deficit climbs to record $116 bn

India’s shipments to China posted a rare year-on-year increase in 2025, even as the bilateral trade gap ballooned to an all-time high, underlining the persistent imbalance in the two-way economic relationship, PTI reported.Data released by Chinese customs on Wednesday showed that Indian exports to China rose by $5.5 billion during January–December 2025, taking total outbound…

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Infosys Q3 results: Net profit slips 2.2% to Rs 6,654 crore; revenue climbs 8.9% to Rs 45,479 crore

IT services major Infosys on Wednesday reported a 2.2 per cent decline in consolidated net profit to Rs 6,654 crore for the October–December quarter of FY26, even as revenue from operations rose nearly 9 per cent year-on-year.The Bengaluru-headquartered company had posted a net profit attributable to owners of the company of Rs 6,806 crore in…

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Quick commerce branding reset: Flipkart, Swiggy, Zepto stop using ‘10-minute delivery’ tagline; govt order cited

Walmart-owned Flipkart, Swiggy and IPO-bound Zepto have stopped promoting their grocery businesses as “10-minute” delivery services following a government intervention prompted by road safety concerns, according to a Reuters report.The move comes after the labour ministry, at a private meeting on Saturday, asked some companies to discontinue the “10-minute” branding amid concerns over rash driving…

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Export readiness: Maharashtra tops NITI Aayog’s export preparedness index; Tamil Nadu, Gujarat follow

Maharashtra has emerged as the top-performing state in NITI Aayog’s fourth Export Preparedness Index (EPI) 2024, followed by Tamil Nadu and Gujarat, according to the government think tank’s report released on Wednesday, PTI reported.The rankings place Maharashtra at the top, followed by Tamil Nadu, Gujarat, Uttar Pradesh, Andhra Pradesh, Karnataka and Punjab, reflecting states’ readiness…

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