CHENNAI/MUMBAI: The GST rate cut is driving MSMEs to seek additional funding from banks for expansion. After the GST rejig, banks have seen a spike in enquiries for advances from the MSMEs. It comes amid lenders having moved closer to their annual targets for the MSME segment in the first half of the current fiscal….
Switzerland has announced a $200 billion investment plan in the US through 2028, coinciding with a breakthrough agreement that will sharply cut US tariffs on most Swiss goods. The deal lowers duties from 39% – the highest imposed on any Western economy – to 15%, aligning Swiss exporters with the tariff regime applied to the…
India’s foreign exchange reserves fell for the third consecutive week, slipping by $2.699 billion to $687.034 billion for the week ended November 7, according to data released by the Reserve Bank of India (RBI) on Friday.The forex kitty had already declined by $5.623 billion in the previous week to $689.733 billion, extending what has become…
Hiring activity across India’s private sector improved marginally in the first 10 months of 2025, supported by stronger demand, healthier order books and a steady revival in business sentiment. An ET analysis of HSBC and S&P Global Market Intelligence data shows that the jobs component of the seasonally adjusted HSBC India PMI rose to 53.8…
Anil Ambani is the Reliance Group chairman. Anil Ambani has responded to the Enforcement Directorate‘s summons by requesting to appear via “virtual means” for the Friday meeting. Anil Ambani is the Reliance Group chairman.The 66-year-old business leader’s spokesperson released a statement indicating that Ambani has written to the agency, pledging “full cooperation” in the ongoing…
Analysts indicate favourable conditions for equities, citing reduced retail inflation, export policy support measures, and positive corporate earnings results. (AI image) Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, opened in red on Friday on weak global cues. While Nifty50 was below 25,800, BSE Sensex was down almost 300 points. At…
MUMBAI: Your next pack of Biscoff cookies will be made in India which also means you will be paying less for them. The Belgian brand from the house of Lotus Bakeries has started local production in India in partnership with Cadbury chocolates and Oreo cookies maker Mondelez as the family run Brussels listed company plans…
The 30-year US mortgage rate rose slightly for the second consecutive week but stayed close to its lowest level of the year.Freddie Mac, quoted by AP, reported on Thursday that the long-term mortgage rate increased to 6.24 per cent from 6.22 per cent the previous week. A year earlier, the rate stood at 6.78 per…
Ford Motor Company CEO Jim Farley has issued one of his starkest warnings yet about America’s labour future, revealing that the company is struggling to fill 5,000 skilled-mechanic roles despite offering salaries of around $120,000. Calling it a “serious problem” for the country, Farley said the shortage of trained workers is no longer an industry…
AI image used for representative purposes India has urged Russia to expedite the approval of domestic establishments and registration of marine and pharmaceutical products to further strengthen bilateral trade ties.During his visit to Moscow, Commerce Secretary Rajesh Agrawal highlighted opportunities for expanding trade and proposed measures to improve market access, the commerce ministry said in…
