Economy Archives - Page 129 of 311

Economy

April 15, 2025 10:19 PM

India targets 10% global market share in power tools, 25% in hand tools

India is aiming to significantly expand its footprint in the global hand and power tools market, with a target of achieving $25 billion in exports over the next decade. According to a new report released by NITI Aayog on Tuesday, the country could po...

April 15, 2025 8:30 PM

Apple airlifted iPhones worth a record $2 billion from India in March as Trump tariffs loomed

Apple's main India suppliers Foxconn and Tata shipped nearly $2 billion worth of iPhones to the United States in March, an all-time high, as the U.S. company airlifted devices to bypass President Donald Trump's impending tariffs, customs data shows. ...

April 15, 2025 7:38 PM

IREDA reports 49% surge in Q4 net profit, reaches ₹502 crore

The Indian Renewable Energy Development Agency Ltd. (IREDA) has reported a robust 49% increase in its net profit, reaching ₹502 crore for the January-March quarter of financial year 2024-25, compared to ₹337 crore in the same quarter of the previ...

April 15, 2025 5:37 PM

India’s exports hit record $820.93 billion in FY25 amid global headwinds

India's total exports of goods and services rose by 5.5% to a record $820.93 billion in the financial year ending March 31, 2025, compared to $773 billion in the previous year, according to Commerce Secretary Sunil Barthwal. This growth comes despite...

April 15, 2025 4:32 PM

Indian markets rally on US tariff relief; Sensex surges over 1,500 points

Indian equity markets witnessed a sharp rally on Tuesday, buoyed by the United States' decision to provide a 90-day relief from reciprocal tariffs. The announcement lifted investor sentiment, especially amid expectations of similar relief for the aut...

April 15, 2025 3:18 PM

Morgan Stanley projects RBI rate cuts, Sensex at 82,000 by December 2025

The Reserve Bank of India (RBI) is expected to adopt a deeper monetary easing cycle amid slowing growth and easing inflation, according to a Morgan Stanley report released on Tuesday. The global brokerage firm anticipates a cumulative rate cut of 100...

April 15, 2025 2:55 PM

India’s WPI inflation declines to 2.05% in March

India’s annual wholesale inflation, measured by the Wholesale Price Index (WPI), slowed to 2.05% in March, down from 2.38% in February, according to data released by the Ministry of Commerce and Industry on Tuesday. The positive inflation rate in ...

April 15, 2025 10:05 AM

Sensex, Nifty surge over 2% as positive global cues boost investor sentiment

India’s frontline equity indices witnessed a strong rally in early trade on Tuesday, driven by positive global cues that lifted investor sentiment. Shortly after the opening bell, the Nifty 50 was trading 467 points, or 2.05%, higher at 23,295.55,...

April 15, 2025 10:01 AM

US steps up probes into pharmaceutical, chip imports, setting stage for tariffs

The Trump administration is proceeding with probes into imports of pharmaceuticals and semiconductors as part of a bid to impose tariffs on both sectors on grounds that extensive reliance on foreign production of medicine and chips is a national secu...

April 15, 2025 8:57 AM

Asia shares rise, bonds hold steady on some tariff reprieve

Asia shares edged slightly higher on Tuesday, helped by gains in auto companies after U.S. President Donald Trump suggested he might grant exemptions on auto-related levies already in place. U.S. Treasury bonds steadied having staged a recovery over...

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