Gujarat remains India's top exporting state in FY 2024-25 with ₹9.83 lakh crore in exports, driven by Jamnagar's petroleum refineries.

India has informed Parliament that it reserves the right to impose reciprocal trade measures in response to US tariffs on steel and aluminium, calling them violations of WTO rules. The Commerce Ministry also flagged declining diamond exports due to G7 sanctions and outlined India's position on ongoing bilateral trade talks with the US.

Christian De Guzman, Senior Vice President at Moody’s Ratings, said that India’s large domestic market offers some protection. He noted that the country is less vulnerable to external shocks than economies that rely heavily on exports. While higher tariffs may slow growth, a recession is not expected, as strong domestic demand is likely to absorb […]

Kirit Bhansali, Chairman of the Gem & Jewellery Export Promotion Council, said domestic demand has been rising steadily at a rate of 11–14% each year, even as gold prices approach ₹1 lakh per 10 grams.

According to Indian government sources, the country today offers one of the most open and accessible large markets for US exporters. Contrary to common perceptions in US policy circles, India is not the world’s most protectionist economy. Its applied weighted mean tariff stands at 4.6%, which is comparable to—and in many cases lower than—several major […]

Former Commerce Secretary Anup Wadhawan pointed out that India isn’t alone in maintaining economic ties with Russia. “Even today, the European Union imports 20% of its gas from Russia. The US itself buys Russian fertilisers and other goods. So targeting India alone doesn’t make sense,” he said.

Minister of State for Finance Pankaj Chaudhary in a written reply in the Rajya Sabha said whenever any credible information of ’direct tax’ evasion comes to its notice, it takes suitable actions, including surveys, search and seizure operations, assessments, to bring to tax, the undisclosed income.

RBI stated that Authorized Dealer (AD) banks are now permitted to open SRVAs of correspondent banks on their own initiative without having to seek prior approval from the Reserve Bank.

In a written response to a Starred Question in the Rajya Sabha, Puri said the reforms, including Aadhaar-based verification, biometric authentication and a centralised LPG database, have strengthened transparency in subsidy transfers and improved targeting of benefits.

The Federation of Indian Export Organisations (FIEO) will sign an MoU with Amazon to boost Indian exporters’ access to global markets via e-commerce. A hybrid stakeholder consultation involving key regulatory bodies will address challenges and strategies for scaling cross-border trade.

Under the new guidelines, if the action was taken by the Internal Committee (IC) or based on a pre-approved policy of the MII, then the Member Committee (MC) will still handle the review, appeal, or waiver requests, Sebi said in its circular.

As part of the mandatory open offer, Adani Infrastructure acquired 44,86,193 equity shares (11.32% of PSP Projects’ paid-up capital) from public shareholders. Additionally, it purchased 91,53,779 shares (23.09%) from Patel as per the SPA. Shares of PSP Projects Ltd ended at ₹701.20, up by ₹59.60, or 9.29%, on the BSE.

Earnings remain in focus with Bharti Airtel posting a sharp 46% QoQ dip in profit despite revenue beat, while Lupin and Gland Pharma impressed with strong YoY growth in profits and margins. Torrent Power and NCC reported weak numbers with notable profit declines, whereas PB Fintech’s Pensionbazaar acquisition marks strategic expansion. Gujarat Gas and Prestige […]

The acquisition will make Pensionbazaar a wholly owned subsidiary of PB Fintech, marking the company’s formal entry into the pension product distribution segment.

The clarification comes after a 19-year-old youth, Deepak alias Deepu, claimed that an astronomical amount appeared in his late mother Gayatri Devi’s bank account. Gayatri Devi died two months ago, but her account was reportedly still being accessed by her son. Shares of Kotak Mahindra Bank Ltd ended at ₹2,001.75, up by ₹4.80, or 0.24%, […]

The group’s crown jewel, Tata Consultancy Services (TCS), has been the biggest casualty, losing nearly $70 billion in market value since September last year. Tata Motors is the second-largest contributor to the group’s market cap erosion, with a decline of around $21 billion. Together, these two companies account for nearly 75% of the total erosion […]

Shares of the company ended 1.4% lower on the BSE today at a price of ₹1,609.35.

Q1 Results Highlights: Bharti Airtel, Adani Ports, Britannia, Lupin, Bharti Hexacom and more posted their first quarter numbers on Tuesday, August 05. Catch all the key updates and top earnings takeaways here.

The proposed deal involves Dalmia Cement (Bharat) Ltd, a wholly owned unit of Dalmia Bharat Ltd, acquiring 100% of JAL. Dalmia Bharat is primarily engaged in cement manufacturing and sales, while JAL operates across cement, real estate, hospitality, and engineering.

It appears that market participants are awaiting a key trigger, and the RBI policy announcement in the coming session is likely to be the catalyst that determines the next directional move.