NEW DELHI: Drug makers 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…
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,…
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…
PM Modi with US President Donald Trump (File photo) NEW DELHI: A day after announcements by PM Modi and US President Donald Trump that the two sides had reached a trade agreement, the govt asserted that sensitive sectors such as agriculture and dairy have been protected and labour-intensive sectors such as textiles, leather, marine products…
Captain Fresh CEO Utham Gowda Seafood exporter Captain Fresh, which has a revenue of close to $800 million, has exposure of around 65% to the US market and has shifted most of the sourcing to Ecuador to tackle the impact of tariffs. Now, it is not just looking to bring that back to India but…
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…
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. ‘India-US Trade Deal Removes Competitive…
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…
India will restrict crude oil purchases from Russia and limit imports only to cases where supplies are irreplaceable, as part of a broader understanding reached with the United States to secure lower trade tariffs, sources quoted by news agency PTI claimed.While no immediate blanket ban is planned, Indian refiners will not place fresh orders for…
Silver and gold futures staged a strong comeback on Tuesday, supported by bargain hunting after investors stepped in following a steep three session decline in domestic markets. On the Multi Commodity Exchange, silver contracts for March delivery rallied sharply, climbing Rs 29,372 or 12.43 per cent to trade at Rs 2,65,633 per kilogram. During the…
