DDIndia Business: Economic Headlines & Updates

Business

August 1, 2025 6:24 PM

GST collections rise 7.5% in July to Rs 1.96 lakh crore

India’s Goods and Services Tax (GST) collections rose to Rs 1.96 lakh crore in July, up 7.5 per cent from the same month of the previous year, according to government data released on Friday. The increase was driven by higher revenue from both dom...

August 1, 2025 6:22 PM

7 coal blocks auctioned in 12th round, to create 7,098 jobs: Centre

The Ministry of Coal successfully concluded the 12th round of commercial coal block auctions, with seven coal blocks awarded through forward auctions held between July 28 and July 31. This round included three fully explored and four partially explor...

August 1, 2025 4:40 PM

Indian stock markets end lower as India-US trade deal stalls

Indian stock markets ended in negative territory on Friday after the announcement of fresh tariffs by the United States on imports from India. The 25 per cent tariff declaration by US President Donald Trump impacted investor sentiment, leading to bro...

August 1, 2025 4:47 PM

India Post Payments Bank launches Aadhaar-based face authentication for digital transactions

The India Post Payments Bank (IPPB) on Friday announced the nationwide rollout of Aadhaar-based face authentication for customer transactions, a move aimed at enhancing ease of access and financial inclusion for the elderly, differently-abled and tho...

August 1, 2025 4:24 PM

Japanese banks’ investments in India growing stronger: Envoy

Japanese Ambassador to India, Ono Keiichi, on Friday said he had a detailed conversation with Reserve Bank of India (RBI) Governor Sanjay Malhotra on the expanding role of Japanese banks in India’s economy. In a post on social media platform X (fo...

August 1, 2025 4:18 PM

Trump issues executive order formalising India’s tariff at 25 percent

As the deadline for tariffs neared, US President Donald Trump imposed the threatened tariff of 25 per cent on India starting Friday as the prolonged negotiations appeared to have stalled. His executive order, issued late Thursday, did not include pe...

August 1, 2025 3:30 PM

India’s export loss due to higher US tariffs limited to 0.3 to 0.4 pc of GDP: Report

The direct export loss from the higher US tariffs announced on Indian exports could be limited to around 0.3-0.4 per cent of its GDP as the country’s largely domestic-driven economy and its relatively low share of goods exports to the US should pro...

August 1, 2025 12:45 PM

India’s manufacturing PMI rises to 16-month high in July despite global uncertainties

India’s manufacturing sector gained momentum in the month of July as Purchasing Managers’ Index (PMI) rose to a 16-month high of 59.1, up from 58.4 in June, despite global uncertainties and US tariffs, according to data released by S&P Global...

August 1, 2025 12:21 PM

Trump increases tariff on Canada to 35% from 25%, cites fentanyl

U.S. President Donald Trump on Thursday signed an executive order increasing tariffs on Canadian goods to 35% from 25% on all products not covered by the U.S.-Mexico-Canada trade agreement, the White House said. Goods transshipped to anoth...

August 1, 2025 11:32 AM

Reinvigorate ‘Made in India’ as hallmark of unquestionable quality amid US tariffs: SBI report

The imposition of 25 per cent tariff on India with penalty is a "bad business decision" but the mysterious forces of global supply chain will auto adjust and cushion the impact, and Indian businesses and firms would do well to reinvigorate the 'Made ...