Page 164 - Economy

New businesses drive services sector growth to 10-month high in June: PMI

Indian service providers end Q1 on a strong note, with output and new orders rising at the fastest pace since August 2024, supported by robust international sales & job creation, according to PMI data

Chhattisgarh govt unveils draft policy to boost logistics and exports

The move will particularly benefit farmers and forest-based producers in resource-rich regions such as Bastar and Surguj

Govt may allow GM animal-feed imports from US in proposed trade deal

Indian and US officials have been engaged in intense negotiations over last few days to iron out differences in a bid to secure a deal before a July 9 deadline

India may benefit from lower US tariffs than other APAC economies: Moody's

While negotiations will likely lead to some reduction in tariffs and other trade barriers on a bilateral basis, policy uncertainty is challenging investment decisions and disrupting trade

Rupee strengthens on hopes of India-US trade deal, crude prices fall

The rupee rose to 85.19 against the US dollar as hopes of a trade deal between India and the US grew, while falling crude oil prices also supported the currency's gains

Rupee strengthens on hopes of India-US trade deal, crude prices fall

The rupee rose to 85.19 against the US dollar as hopes of a trade deal between India and the US grew, while falling crude oil prices also supported the currency's gains

India's FY26 GDP growth likely to be 6.4-6.7% amid strong demand: CII

Addressing his first press conference after taking over as the CII president, Memani observed that factors including a good monsoon forecast, and enhanced liquidity emanating from the RBI's rate cut

India launches anti-dumping probe into paperboard imports from Indonesia

The product is used in the packaging of pharmaceuticals, FMCG products, food and beverages, electronics, high-end cosmetics, liquor, book covers, and publishing

June Services PMI touches 10-month high at 60.4 on sharp upturn in new biz

The seasonally adjusted HSBC India Services PMI Business Activity Index rose from 58.8 in May to 60.4 in June, driven by sharp upturn in new business orders

Tamil Nadu plans seafood exports of $5 bn, sets roadmap for blue economy

State has India's second-longest coastline but is seventh among seafood-exporting states

US, India push for trade deal after Trump strikes deal with Vietnam

The push comes as Trump announced an agreement with Vietnam that cuts US tariffs on many Vietnamese goods to 20 per cent from his previously threatened 46 per cent

India to pitch for preferential trade pact expansion with Mercosur nations

Mercosur is a Latin American trading bloc, with Argentina, Brazil, Uruguay, Paraguay as its members

Datanomics: Half the manufacturing segments still far from pre-Covid level

Wood and its products recorded a higher production level by 3.7 per cent in the first two months of FY 26 over the corresponding period of 2011-12 but it was below the 2019-20 level

Quad launches critical minerals push as PM eyes Latin America deals

Officials stated that increasing cooperation in critical minerals, including rare earth elements, will top his agenda during his discussions with respective leaders of at least four of these countries

Patchy rural recovery and a weak capex weigh on Q1 growth outlook

Urban demand continues to face headwinds and though rural demand is accelerating, it is still patchy, reckoned several economists

India reviews anti-dumping duty on jute imports from Bangladesh, Nepal

The review was started by the commerce ministry's arm Directorate General of Trade Remedies (DGTR) following a request for the same from Jute Mills Association and AP Mesta Twine Mills Association

Aligning RE with development goals can lift 193 mn from poverty: UNDP study

Renewables can offer the chance to bring electricity to hundreds of millions of people, improving lives and driving growth

CBDT sets Cost Inflation Index at 376 for FY26 for capital gains

The new CII will apply to FY26 capital gains computations and benefit taxpayers selling land or buildings acquired before July 23, 2024 who opt for indexation

ESIC launches SPREE 2025 to expand social security coverage for workers

The scheme will be active from July 1 to December 31, and provides one-time opportunity for unregistered employers and employees to enrol without facing inspections for past dues

TReDS platform RXIL crosses ₹2 trn MSME invoice financing milestone

The RXIL TReDS platform has facilitated financing worth ₹80,500 crore in FY25 alone, with over 44,000 MSMEs registered across 1,600 postal codes