As Indian garment makers switch on machines for the next US fall-winter cycle, the industry is bracing for another potential shock, with the threat of a 500% tariff clouding export prospects and factory utilisation.Exporters say buyer sentiment has shifted sharply in recent weeks. “Buyers who were earlier considering shifting some orders to India no longer…
US President Donald Trump held talks with senior oil executives on Friday (local time), pushing them to consider investments in Venezuela’s oil sector following the capture of President Nicolas Maduro. While Trump presented the country as newly secure and open for business, industry leaders responded cautiously, with one major executive saying Venezuela remains “uninvestable” without…
MUMBAI: The sensex slid for the fifth consecutive session on Friday as uncertainties about higher US tariffs on Indian exports continued to weigh on investor sentiment on Dalal Street. Selling by foreign funds also affected the sentiment , market players said.The sensex opened flat but soon lost ground, slid throughout the session to close at…
India’s foreign exchange reserves recorded their biggest weekly drop in 14 months as the central bank sold dollars to support a weakening rupee, analysts said.The holdings in the week ended Jan 2 fell by $9.9 billion to $552 billion. During the week, the rupee fell 0.4% against the dollar due to foreign fund outflows and…
FILE – The 2024 Chevrolet Silverado EV sits on display at the Chicago Auto Show, Thursday, Feb. 9, 2023, in Chicago. (AP Photo/Charles Rex Arbogast, File) FILE – The 2024 Chevrolet Silverado EV sits on display at the Chicago Auto Show, Thursday, Feb. 9, 2023, in Chicago. (AP Photo/Charles Rex Arbogast, File) General Motors will…
CHENNAI: The Indian tractor industry closed 2025 on a high note, with annual domestic volumes crossing the one-million-unit mark for the first time in its history. Exports also rebounded strongly, crossing the onelakh-unit milestone after a two-year gap.Total domestic tractor sales touched 10.9 lakh units in 2025, compared with 9.1 lakh units in 2024, posting…
US President Donald Trump on Friday (local time) announced plans to cap credit card interest rates at 10% for one year, saying the move is aimed at easing affordability concerns for American consumers. He also criticised the previous Joe Biden administration for not checking high interest rates in recent years.In a post on Truth Social,…
MUMBAI: Markets regulator Sebi on Friday said that brokers with less than 10,000 clients do not need to report technical glitches at their end. It also doubled the reporting time for such incidents to two hours, and also excluded brokers from complying to the rules when technical glitches do not affect trading, and also the…
KOLKATA: The IPO of Bharat Coking Coal was subscribed 8 times on the first day of bidding on Friday, driven by strong demand from retail, non-institutional and existing shareholder investor categories. The issue received bids for 2,80,61,36,400 equity shares against the offer size of 34,69,46,500 shares, according to available data. Source link
