Page 137 - Economy

PM draws the line amid US tariff heat, govt plans strategy for exporters

Govt working on three-pronged strategy to support exporters

US tariff impact: Trump's trade moves could dent India's oil bill savings

State-run refiners are covered for deliveries of crude oil in September even if Russian oil flows cease, a senior trader at a state refiner said. Another trader said they are mostly covered

US tariff: Shrimp biz worth ₹25K cr at stake; farm gate rates drop 19%

Trump's 50% tariff on Indian seafood exports leads to sharp drop in shrimp prices, hurting farmer income in Andhra Pradesh and Odisha; industry urges diversification

Datanomics: Net exports' contribution to US GDP growth at its peak

Net exports of goods and services contributed 4.99 percentage points to GDP growth in the second quarter of 2025, the highest in the US since at least 1947

India's gems and jewellery exports to US halted after 50% tariff hike

The US tariff hike on gems and jewellery exports from India has halted shipments, slashed market share and may lead to 1.25 lakh job losses in major export hubs

Centre gears up for the launch of PM-KUSUM 2.0 to meet growing demand

The second phase is likely to match or exceed Phase 1's scale, with possible additions like agrovoltaics and minor guideline revisions

US tariff impact: India exploring alternative markets, says MEA official

India is scouting new export destinations in South Asia, Africa, and Latin America after US imposed additional tariffs on goods over Russian crude oil imports

Thali costs fall in July, defying seasonal trends, says Crisil report

Key meal ingredients' prices, however, continued to trend lower from a year ago

Coal India opens power market access for TPPs using linkage coal

The new rule applies to all existing and future FSAs and extends to all power generators, including central and state Gencos and independent power plants

Overseas funds pull out of IT and financial services stocks in July

Foreign investors pull out over ₹21,000 crore from key sectors in late July, with IT and financials bearing the brunt of the sell-off

Rupee remains steady due to likely RBI intervention amid tariff tensions

Rupee settles nearly flat at 87.71 per dollar despite US tariff escalation; forex dealers cite likely RBI intervention through dollar sales and NDF operations

After 3 decades, govt revises base year for CPI rural-farm labour

Weighting of food items has now declined by nearly 10 percentage points for both agri and rural labourers

PM Modi speaks to Brazil's Lula, leaders promise to boost India-Brazil ties

India and Brazil reaffirm commitment to strengthen cooperation across trade, technology, energy, defence, health, and cultural exchanges after Modi-Lula phone call

Tariff impact on India's iPhone exports unclear despite US exemption

Apple Inc Chief Executive Officer Tim Cook has announced the company is increasing its investment in the US by another $100 billion-600 billion in four years

Trump tariff may cut chemical, apparel, jewellery exports by 50-70%: GTRI

This decision makes India one of the most heavily taxed US trading partners, worse off than China (30 per cent) or Vietnam (20 per cent), and on par with Brazil

US tariffs raise concerns across India's automotive and component sectors

Tariff hike to 50% may hit Indian exports of tyres and auto components to the US; industry explores nearshoring, diversification, and cost efficiency measures

Rajasthan govt signs 1,600 MoUs worth ₹1.37 trillion for tourism push

State targets tourism-led economic growth with mega projects, policy incentives, and job creation through strategic MoU execution

India's Russian oil puzzle: Higher cost, drying offers, and tariff pressure

India's oil trade with Russia faces its toughest test yet with spiking procurement costs, tightening sanctions, disappearing discounts and the looming threat of Trump's tariffs

Gifting startups raised $115.9 mn over a decade, funding declined in 2025

Funding activity in India for 2025 so far has been muted, with Indigifts as the sole startup to secure investment

Reliance flags crude supply risks amid US tariff blow on Indian exports

Reliance warns of refining margin pressure as US doubles tariffs on Indian goods to 50 per cent over Russian oil imports; 25 per cent came into effect on Thursday, second 25 per cent begins August 27