Economy

'India's port restrictions on Bangladesh imports to help domestic MSMEs'

Ready-made garments, valued at $618 million, now face strict routing through only two Indian seaports

US remittance tax plan could impact Indian households, rupee: GTRI

The provision is part of a broader legislative package titled 'The One Big Beautiful Bill' introduced in the US House of Representatives on May 12

Indian distillers expect India-UK FTA duty cuts on scotch to boost growth

A lower customs duty on bulk scotch, used by many Indian Made Foreign Liquor (IMFL) companies for blending, will reduce costs and make premium spirits more affordable in the Indian market

India's smartphone exports soar, surpassing petroleum, diamonds in FY25

The smartphone exports rose by 55 per cent to $24.14 billion in 2024-25 from $15.57 billion in 2023-24 and $10.96 billion in 2022-23

Foxconn's Devanahalli unit nearly ready, iPhone shipments by June: Minister

The minister further said Apple CEO Tim Cook has confirmed that for the June quarter, a majority of iPhones sold in the US will be made in India

Foreign investors welcome in shooting league, says NRAI president

A total of 6-8 city-based franchises will own the teams and bid for players via an auction. Each team will consist of 12 athletes (6 men, 6 women), including up to four foreign players

India offered to cut US tariffs, but we are not rushing a deal: Trump

Trump cited India as an example of a country where he's seeking to slash barriers to US exports during an interview with Fox News host Bret Baier that aired Friday

MCA likely to widen PM Internship Scheme beyond top 500 companies

The age for joining the scheme, according to sources, is also likely to be brought down to accommodate applicants coming from industrial training institutes and polytechnics

US remittance tax plan raises discrimination concerns for overseas Indians

The bill proposes the levy on all cross-border remittances made by non-citizens, including H-1B, L-1, and F-1 visa holders, as well as green card holders

India-US trade agreement talks to resume May 17 with ministerial oversight

India and US trade ministers will meet in Washington from May 17 to assess progress on the bilateral trade agreement, provide political direction, and advance talks toward a broader trade pact

UN cuts India's 2025 growth forecast to 6.3% amid global tensions

UN WESP report lowers India's growth outlook for 2025 to 6.3 per cent, citing rising trade tensions and policy uncertainty, but notes strength in consumption and investment

India's forex reserves jump $4.5 bn to $690.61 bn on rise in gold assets

For the week ended May 9, foreign currency assets, a major component of the reserves, increased by $196 million to $581.373 billion

Summer travel pushes petrol sales by 10% in first half of May, shows data

Petrol consumption rose to 1.5 million tonne during May 1-15 from 1.37 million tonne sales a year back

Agri, pharma, electronics, engineering made up 50% of FY25 exports: Govt

The main destinations for electronic goods were the UAE, the US, the Netherlands, the UK, and Italy

Trade talks between India-US underway, far from being final: Jaishankar

External Affairs Minister S Jaishankar's remarks came on the same day as US President Donald Trump claimed that India has proposed zero tariffs on American goods

UN cuts India's 2025 GDP growth forecast to 6.3%, sees strong momentum

India remains one of the fastest growing large economies, driven by strong private consumption and public investment

India's trade gap widens in 'tariff tantrum' month; exports surge 9%

Data released by the commerce department showed in the first month of FY26, exports grew 9 per cent to $38.5 billion while imports shot up by 19.1 per cent to $64.91 billion

Creditors recover record ₹67,000 crore via IBC in FY25, up 42% from FY24

Creditors recovered ₹67000 crore through IBC in FY25 a 42% jump from FY24 aided by record corporate resolutions and higher NCLT capacity after new appointments

RBI board reviews economic capital framework ahead of surplus transfer

RBI board reviews Economic Capital Framework as part of five-year cycle, with FY25 surplus transfer expected to set a new record amid strong balance sheet gains

Manufacturing investment gestation rate rises to 5-year peak: CMIE

Global companies push for diversification may play a role