Apple airlifted iPhones worth $2 billion from India ahead of Trump's tariff announcement: Report
Apr 16, 2025, at 12:28 am
Apple's main India suppliers, Foxconn and Tata, shipped nearly $2 billion worth of iPhones to the United States in March, which is an all-time high record, ahead of President Donald Trump's sweeping tariff announcement, media reports quoting customs data reported.
IEA slashes 2025 oil demand forecast by 300,000 b/d amid global trade tensions
Apr 15, 2025, at 11:04 pm
The International Energy Agency (IEA) has sharply reduced its forecast for global oil demand growth in 2025 by 300,000 barrels per day (b/d), revising it down to 730,000 b/d, media reports said.
Apr 15, 2025, at 09:00 pm
New Delhi: The ongoing US-China trade war has triggered a spike in Chinese goods entering India, prompting domestic industries to urge the government to impose anti-dumping duties, according to a Business Standard report.
India’s retail inflation dips to 3.34% in March, lowest since Sept 2019
Apr 15, 2025, at 08:41 pm
New Delhi: India’s retail inflation dropped to 3.34% year-on-year in March, marking the lowest level since September 2019, as per government data released on Tuesday.
India, US finalise first-phase trade pact terms amid tariff tensions and ‘Mission 500’ push
Apr 15, 2025, at 06:16 pm
New Delhi: India and the United States have concluded the terms of reference for the initial stage of a bilateral trade agreement, according to a report by Reuters citing an Indian trade official.
Andhra Pradesh offers TCS land in Vizag for 99 paisa to woo major tech investment
Apr 15, 2025, at 05:26 pm
Amravati: In a strategic move to attract major IT investments, the Andhra Pradesh government has allotted 21.16 acres of land in Visakhapatnam to Tata Consultancy Services (TCS) for a token price of just 99 paisa, media reports said.
Blue Star launches diverse range of 150 models of room ACs
Apr 14, 2025, at 06:39 pm
Kolkata/IBNS: Blue Star Limited has launched a diverse range of 150 models of room air conditioners.
Ultraviolette Automotive unveils world's most advanced electric scooter and motorcycle in Kolkata
Apr 14, 2025, at 06:33 pm
Kolkata/IBNS: Ultraviolette Automotive has introduced two new electric vehicles to the Indian market, Tesseract electric scooter and Shockwave motorcycle.
Apr 14, 2025, at 06:27 pm
Kolkata/IBNS: Former Union Minister Smriti Irani addressed the young leaders and uprising entrepreneurs and future change makers who have not only held positions but also created large-scale systems and frameworks that continue to shape India's future, at an event organised by Young Leaders Forum of the Indian Chamber of Commerce earlier this month.
Apple ramps up India iPhone production to $22 billion, deepens shift from China: Report
Apr 13, 2025, at 04:50 pm
Bengaluru: Apple Inc. assembled $22 billion worth of iPhones in India in the year through March 2025, marking a nearly 60% year-on-year jump as the tech giant steps up efforts to diversify beyond China, Bloomberg reported.
UPI outage disrupts digital transactions in India
Apr 12, 2025, at 03:14 pm
New Delhi/IBNS: The digital transactions of many users came to a halt after an outage in the Unified Payments Interface (UPI) across India on Saturday, media reports said.
Smartphones become India’s top export as shipments cross ₹2 lakh cr in FY25: Report
Apr 11, 2025, at 11:57 pm
New Delhi: India’s mobile phone exports have reached a record-breaking ₹2,00,000 crore in the financial year 2024-25, marking a 55% rise from ₹1,29,000 crore in FY24, Moneycontrol reported, citing data from the India Cellular and Electronics Association (ICEA).
No plans to relax FDI restrictions on China: Piyush Goyal
Apr 11, 2025, at 10:30 pm
New Delhi: India is not looking to encourage foreign direct investment (FDI) from China, Commerce and Industry Minister Piyush Goyal said on Friday, signalling that New Delhi is unlikely to lift the curbs introduced in 2020 on overseas investments from its neighbour, according to a PTI report.
Tesla halts Model S, X orders in China amid deepening US-China trade war
Apr 11, 2025, at 09:02 pm
Beijing: Tesla has stopped accepting new orders for its Model S and Model X vehicles in China, according to a Reuters report on Friday, as trade tensions between the US and China spiral following tit-for-tat tariff hikes.
TCS appoints Aarthi Subramanian as president and COO for five-year term
Apr 11, 2025, at 08:55 pm
Mumbai: Tata Consultancy Services (TCS) on Thursday named Aarthi Subramanian as executive director-president and chief operating officer (COO), reviving the top operational role after more than a decade.
India pitches for US trade deal amid tariff pause, eyes $500 bn bilateral trade
Apr 11, 2025, at 05:44 pm
New Delhi: India presents a strong case for a bilateral trade agreement with the United States, given its long-term growth potential and demographic strength, commerce minister Piyush Goyal said on Thursday, April 11, media reports said.
Industrial growth slows to 2.9% in Feb, weakest in seven months
Apr 11, 2025, at 05:13 pm
New Delhi: India’s industrial output growth eased to 2.9 per cent in February, slipping from 5.01 per cent in January, according to data released by the National Statistics Office (NSO) on Friday.
India’s goods and services exports hit record $820 billion in FY25 despite global headwinds
Apr 11, 2025, at 12:20 am
New Delhi: India’s combined goods and services exports touched a record $820 billion in the financial year 2024-25, marking an increase of nearly 6% from the $778 billion posted in the previous year, according to Commerce Ministry data.
Global semiconductor industry to reach $2 trillion by 2032: Report
Apr 11, 2025, at 12:00 am
The global semiconductor industry is poised to surge from $600 billion to $2 trillion over the next seven years, according to Krishna Bodanapu, Executive Vice Chairman and MD of Cyient.
Dixon to make HP laptops in Tamil Nadu under ₹1,000 cr deal
Apr 09, 2025, at 10:05 pm
Chennai: The Tamil Nadu government has signed an MoU with Dixon Technologies to establish a manufacturing facility for HP laptops and all-in-one PCs.
RBI cuts India's FY26 growth forecast to 6.5%, trims repo rate by 25 bps amid global uncertainty
Apr 09, 2025, at 08:55 pm
New Delhi: In its latest Monetary Policy Committee (MPC) meeting held on Wednesday, the Reserve Bank of India (RBI) revised its GDP growth projection for FY2025-26 down to 6.5%, lowering it by 20 basis points from the 6.7% forecast made in February.
Ather Energy likely to trim IPO size amid market volatility
Apr 09, 2025, at 07:15 pm
Mumbai: Electric two-wheeler maker Ather Energy is expected to scale down the size of its upcoming initial public offering (IPO) to a range of ₹2,900 crore to ₹3,200 crore, CNBC-TV18 reported, citing sources familiar with the development.
Mahindra delivers 3000 all-electric origin SUVs across India
Apr 09, 2025, at 05:05 pm
Automobile major Mahindra on Wednesday announced a major milestone in its electric mobility journey, with over 3000 customer deliveries of its all-electric Origin SUVs—the XEV 9e and BE 6—completed since the commencement of deliveries on March 20.
RBI cuts repo rate by 25 basis points to 6 percent after MPC meeting
Apr 09, 2025, at 10:41 am
Mumbai/IBNS: The Reserve Bank of India (RBI) on Wednesday reduced the key lending rate or repo rate by 25 basis points to 6 percent in a bid to support the demand in the market.
India to fund first set of teams building generative AI models: Ashwini Vaishnaw
Apr 08, 2025, at 10:35 pm
New Delhi: The first round of funding for teams working on India-specific generative AI models will begin shortly, Union Minister for Electronics and IT Ashwini Vaishnaw said on Sunday, adding that the evaluation of applications under the IndiaAI mission is nearing completion.
India overtakes Germany to become world’s third-largest wind and solar power producer
Apr 08, 2025, at 10:01 pm
New Delhi: India has emerged as the world’s third-largest producer of electricity from wind and solar energy, overtaking Germany in 2024, according to the latest edition of Ember’s Global Electricity Review released on Tuesday.
Coal India to pay ₹38,000 cr to states after SC verdict, expects 80% recovery via FSAs
Apr 08, 2025, at 07:34 pm
New Delhi: Coal India will have to shell out around ₹38,000 crore to mineral-rich states over the coming years following a Supreme Court ruling that allowed states to levy taxes on mineral rights and mineral-bearing lands retrospectively, official sources told Financial Express.
Zomato food delivery COO Rinshul Chandra resigns
Apr 08, 2025, at 07:03 pm
Mumbai: Rinshul Chandra, Chief Operating Officer of Zomato’s food delivery vertical, has stepped down from his role, the company said in a regulatory filing with the Bombay Stock Exchange.
JPMorgan CEO warns Trump’s tariffs risk fuelling inflation, triggering recession in US
Apr 08, 2025, at 06:24 pm
New York: JPMorgan Chase CEO Jamie Dimon has warned that US President Donald Trump's tariff strategy could worsen inflation and push the world’s largest economy toward a recession, media reports said.
Hit by 37% tariff, Bangladesh's Yunus offers to buy cotton, farm goods duty-free from US
Apr 08, 2025, at 05:13 pm
Dhaka: Bangladesh has proposed a wide-ranging trade package to the United States, including duty-free access for US agricultural goods such as cotton, in an effort to stave off steep reciprocal tariffs on its own exports, media reports said.