Page 4 - Krity Ambey

Punjab National Bank rides CD ratio cushion, skips deposit chase

PNB says its low credit-deposit ratio gives enough room to sustain loan growth, delaying aggressive deposit mobilisation while focusing on margins

PNB Q1 profit triples to ₹5,253 crore; margins remain below guidance

Punjab National Bank's June-quarter profit jumped 214% on a favourable base, but net interest margin stayed below FY27 guidance despite improving asset quality and steady loan growth

Govt plans to replace $189 bn of imports through domestic manufacturing

The Centre and states plan to replace $189 billion of imports by boosting domestic production of 1,272 products through targeted manufacturing and industrial clusters

India at risk of 100% US tariff for purchases of Russian crude oil

A revised bipartisan US Senate bill proposes a 100 per cent tariff on imports from the five largest buyers of Russian oil and gas, including India, while allowing presidential waivers

India flags off consignments worth $140 million to UK on Day 1 of FTA

India has operationalised its trade pact with the UK, enabling preferential tariffs from day one and flagging off $140 million worth of exports under the new regime

India expects relief in US Section 301 tariff after forced labour curbs

India expects lower US tariffs after aligning forced labour import rules with global standards amid ongoing Section 301 trade investigations

India prohibits import of goods produced using forced labour amid US probe

India has prohibited imports of goods made using forced labour, issuing its first such notification as the US considers tariffs under a Section 301 investigation

India's duty-free steel exports to UK likely to be around $1 bn annually

A higher tariff-rate quota secured under the India-UK trade pact is expected to lift India's annual duty-free steel exports to the UK to around $1 billion

CBIC rolls out process to claim duty concessions under India-UK FTA

CBIC has outlined the operational framework for self-certification of origin under the India-UK trade pact, enabling importers to claim preferential tariff benefits from July 15

US trade pact will be signed when time is right: Commerce Secretary

Fully engaged with Washington for a balanced deal, says Piyush Goyal

India's trade deficit widens to five-month high of $30.43 billion in June

The trade deficit widened sharply to $30.43 billion in June from $28.21 billion a month ago

India lays out tariffs, quotas for UK autos under FTA, to cut levy to 10%

Industry sees no immediate disruption in premium segment

FM Sitharaman, CEA urge GCCs to move up the value chain as AI threat looms

Nirmala Sitharaman urged GCCs to move up the value chain, while the CEA warned AI could erode India's cost advantage if firms fail to innovate

ADB cuts India's FY27 GDP growth forecast to 6.6%, cites West Asia tensions

The Asian Development Bank lowered India's FY27 growth forecast to 6.6 per cent, citing higher energy prices amid West Asia tensions, while retaining its FY28 projection at 7.3 per cent

AI real threat to GCCs handling low-cost, repetitive work: CEA Nageswaran

Highlighting the evolution of India's GCC ecosystem, the CEA said multinational companies initially came to India for lower costs but stayed because of the country's capabilities

India-EU FTA likely to be rolled out by Apr-Jun 2027: EU chief negotiator

The India-EU free trade agreement is likely to take effect in the April-June quarter of 2027 after ratification, according to the European Commission's chief negotiator

Negotiators give fresh push to FTA with Asean after missing 2025 deadline

India and Asean have asked negotiators to expedite the review of their free trade agreement after missing the 2025 deadline, with talks focused on resolving pending chapters

Over 140K guarantees worth ₹1.55 trillion issued under ECLGS 5.0: Govt

The finance ministry said over 140,000 guarantees worth more than Rs 1.55 trillion have been issued under ECLGS 5.0, with MSMEs accounting for the overwhelming majority of beneficiaries

India rose to 11th among top FDI destinations in 2025: UN report

UNCTAD says FDI inflows rose to $38.89 billion in 2025 as India strengthened its appeal for advanced manufacturing, although announced greenfield investments moderated amid global uncertainty

FM Sitharaman asks toy makers to aim for a quarter of global market by 2032

Finance Minister Nirmala Sitharaman urged the Indian toy industry to target a quarter of the global toy market, citing government support and quality measures to boost manufacturing and exports