Despite global headwinds from tariffs and immigration curbs, JPMorgan Chase has described India as a “bright spot” in the global economy. Asia-Pacific head Sjoerd Leenart highlighted strong domestic growth, limited export dependence, and a booming IPO market as drivers of resilience. Even as new US tariffs...
The rollout of GST 2.0 has been hailed as a people-centric reform, easing consumer budgets, reducing compliance for MSMEs, and lowering industry costs. Prime Minister Narendra Modi described it as a “GST Bachat Utsav,” urging citizens to buy swadeshi goods to strengthen India’s prosperity. With simplified...
The rollout of GST 2.0 is cutting prices across the consumer spectrum—from packaged snacks to big-ticket electronics like air conditioners and TVs. FMCG firms such as Haldiram’s and Ajit Bakery are passing on benefits by either lowering prices or increasing product quantities. Electronics dealers expect ACs...
India’s new GST 2.0 reform, effective September 22, has slashed tax rates across essentials, medicines, appliances, and automobiles—leaving an estimated ₹2 lakh crore extra in consumer pockets. Finance Minister Nirmala Sitharaman called it a transformative step to spur demand and boost growth. From cheaper milk and...
The government is set to accelerate its divestment program, with plans to sell minority stakes in about six state-run companies through offers for sale (OFS) and IPOs. Divestment Secretary Arunish Chawla confirmed that sectors like insurance and defence may see heightened activity, alongside an IPO from...
India’s Directorate General of Trade Remedies (DGTR) has initiated an anti-dumping investigation into copper data cable imports from China. The probe follows complaints by Birla Cable and Sterlite Technologies, which alleged that dumped imports have depressed domestic prices and hurt profitability. The investigation will cover FY25,...
With US tariffs reshaping global trade, Brazil is calling for deeper economic and agricultural cooperation with India. Ambassador Kenneth Felix Haczynski da Nobrega emphasized that the two countries must align their strengths in food security, science, and innovation. The remarks came during the launch of Maitri...
India’s primary markets are bracing for one of their busiest weeks in recent history, with 25 IPOs—both mainboard and SME—set to open. Together, these issues aim to raise nearly ₹6,300 crore, spanning sectors from financial services and digital solutions to consumer products and renewable energy. While...
Netweb Technologies has bagged a ₹450 crore order to supply advanced AI computing systems, signaling India’s growing strength in high-performance computing. The order, one of the largest for the company, reflects surging enterprise demand for AI infrastructure across sectors. Netweb, a key domestic player in AI...
Elon Musk’s xAI has raised $10 billion at a staggering $200 billion valuation, more than doubling its worth from July’s $75 billion. The funding, led by global investors, underlines the surging demand for AI infrastructure despite skepticism around tech spending. With plans to expand data centers,...
The India Infrastructure Finance Company Ltd (IIFCL) is rolling out a set of initiatives to support green transition, climate risk assessment, and cost reduction for infrastructure projects. Managing Director Palaash Srivastava announced that new products will launch after September 30, aimed at reducing cost of funds...
Public Sector Banks (PSBs) have reported their first double-digit credit growth in 15 years, surpassing private sector lenders in FY25. According to a Systematix report, PSB advances grew 12.2% year-on-year, compared to 9.5% for private banks. The revival is supported by recoveries from written-off accounts, branch...
India’s festive shopping season is sparking a battle between quick commerce (q-comm) and traditional ecommerce giants. Platforms like Swiggy Instamart, Blinkit, and Zepto are pushing beyond groceries into electronics and gifts, while Amazon and Flipkart are doubling down on their own q-comm services. Analysts expect q-comm...
The Dine with AlphaSec 2025 summit in Mumbai emerged as a landmark event for cybersecurity, drawing leaders from finance, technology, and legal sectors. Backed by global partners such as Thales Group, iValue, Microsoft, Splunk, and Google Cloud, the forum spotlighted how AI, cloud security, and data...
European Commission President Ursula von der Leyen has emphasized that the European Union must secure new trade deals with partners like India to reduce its reliance on the United States. Rising US tariffs have prompted the EU to diversify trade relationships, with von der Leyen confirming...
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