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India’s defence sector is poised for an expansionary phase in the coming fiscal year, as analysts and industry experts anticipate a significant increase in government spending. With FY27 budget proposals hinting at a potential 20% to 25% rise in defence allocations, the industry outlook remains structurally positive. Jyoti Gupta, from Nirmal Bang Institutional in an […]
New Delhi will immediately cut import duty on luxury cars to 30% from as high as 110% under the India-EU FTA, an official said, opening the tightly controlled market to the likes of Mercedes-Benz to BMW and Volkswagen AG’s Audi. The Mercedes-Benz logo is pictured on the hood of a car. (Unsplash) While India has […]
The India-EU free trade agreement will bring down tariffs to zero immediately after the agreement is officially implemented. Shaleen Toshniwal, Chairman, Manmade and Technical Textiles Export Promotion Council (MATEXIL) said the India-EU FTA, which is one of the most complex trade negotiations India has undertaken, comes at a crucial phase when there is global trade […]
State-run Hindustan Petroleum Corp Ltd is seeking Venezuelan crude for the first time as the refiner plans to increase heavy oil processing in the new fiscal year starting April, Chairman Vikas Kaushal said on Tuesday. Indian refiners are considering importing Venezuelan crude, which is being offered by Vitol and Trafigura under a US-mandated sale after […]
FOX Business Gerri Willis breaks down the impact of President Donald Trumps tax cuts on Varney & Co. Tax filing season officially opened on Monday for Americans to begin filing their returns for 2025 and policymakers are signaling that tax refunds are expected to be $1,000 larger than a year ago. Taxpayers will have between […]
NEW DELHI: The Confederation of Indian Industry (CII) urged the government to launch a second version of the National Infrastructure Pipeline (NIP) with a corpus of ₹150 lakh crore to sustain ongoing capital expenditure, adding that India Inc’s business confidence in the country’s growth story is the highest in five quarters. According to the NSO first advance […]
Maruti Suzuki India Ltd. has approved a plan to acquire land in Gujarat, as the nation’s largest carmaker seeks to expand its annual production capacity by up to 10 lakh units (1 million) to meet rising demand. The Maruti Suzuki eVitara. (HT) The board of the New Delhi-based carmaker cleared an investment of ₹4,960 crore […]
Vodafone Idea Ltd. is considering raising debt financing to accelerate growth, people familiar with the matter said, following the government’s decision to cap annual payouts for AGR dues. The govenrment has finally lifted the AGR overhang for Vodafone Idea. (Reuters) India’s third-largest mobile phone operator by users may seek the financing from local and global […]
De Beers is betting on India’s surging affluent class to fuel growth in demand for natural diamonds, even as the global market remains challenging and a pending India-US trade deal disrupts supply chains. The 50% US tariff on india has affected India’s gems and jewellery sector in particular. De Beers, a unit of Anglo American […]