MUMBAI: From celebrating India’s rich cultural heritage and craftsmanship to being vocal for local, Independence Day campaigns crafted by companies this year are going all out to showcase the country’s potential. As India marks its 79th year of independence amid tariff turbulence, which risks derailing the country’s short-term growth trajectory, the show of Indian might…
NEW DELHI: Ratings agency S&P Global on Thursday raised India’s sovereign rating to BBB after an 18-year gap, citing robust growth and fiscal consolidation, and asserted that 50% US tariffs, if imposed, would have an “overall marginal” impact and will not derail the country’s long-term growth prospects.The ratings upgrade comes amid a tense tariff stand-off…
NEW DELHI: Government is rolling out a four-pronged strategy to boost India’s exports, focusing on fast-tracking trade pact negotiations, improving ease of doing business, enhancing export competitiveness, and diversifying both exports and imports, a top official said on Thursday.The move comes in response to steep new US tariffs on Indian goods, which have triggered concerns…
The average rate on a 30-year mortgage in the US fell to 6.58% this week, its lowest in nearly 10 months, offering prospective homebuyers a boost in purchasing power amid a sluggish housing market, Freddie Mac reported on Thursday. The long-term rate declined from 6.63% last week, while a year ago it averaged 6.49%, AP…
National Payments Corporation of India (NPCI) has directed banks and payment apps to stop all peer-to-peer (P2P) ‘collect requests’ on UPI from October 1, 2025, in an effort to curb financial fraud.In a circular dated July 29, NPCI said, “It is hereby informed that by October 1, 2025 UPI P2P collect shall not be allowed…
US President Donald Trump on Thursday said that the secondary tariffs imposed on India may have influenced Russian President Vladimir Putin’s decision to meet him, ahead of their scheduled summit in Alaska on Friday. Trump said the tariffs “probably” played a part in bringing Moscow to the table as he seeks a peace deal in…
Russian oil major Rosneft-backed Nayara Energy Ltd is engaging with the Indian government and trade partners to ensure smooth transactions and maintain operational stability at its Vadinar refinery in Gujarat, which has been impacted by European Union sanctions.The company, included in the EU’s 18th sanctions package on Russia over the Ukraine conflict, has faced challenges…
US producer price inflation surged in July to its highest level since 2022, with fresh signs that President Donald Trump’s tariffs are driving up business costs, official data showed Thursday.The producer price index (PPI) jumped 0.9% month-on-month after being flat in June, according to the Department of Labor, AFP reported. The figure far exceeded the…
India’s goods exports to the US surged 19.94% to $8.01 billion in July, while imports rose 13.78% to about $4.55 billion, according to commerce ministry data.During April-July 2025-26, exports to the US jumped 21.64% to $33.53 billion and imports climbed 12.33% to $17.41 billion, the data showed. The US retained its position as India’s largest…
S&P has said that the impact of US tariffs is not likely to be extensive on India’s economy. S&P Global, the US-based credit ratings agency, has upgraded India’s rating to ‘BBB’ from ‘BBB-) citing several positive factors in favour of the world’s fifth largest economy. S&P’s confidence in India’s growth story comes at a time…
