BUSINESS
India Saves $6.93 Billion in Forex as Local Coal Production Reduces Imports in FY25
As a result of this decline, the country saved approximately $6.93 billion (₹53,137.82 crore) in terms of foreign exchange, according to the Ministry of Coal.
Retail Boom: India Set to Add 16.6 Million Sq Ft of New Mall Space by 2025-26
This increase in retail space is being fuelled by rising consumer demand and strong retail leasing activity, which marks what industry experts call a "golden era" for the industry, as per information provided by Anarock Research.
India’s Industrial Sector Set to Unlock $3 Trillion Opportunity by 2035, Manufacturing to Lead the Way
Its growth, with an estimated $3 trillion opportunity, will primarily be powered by the manufacturing industry, projected to capture two-thirds of industrial output and more than 20% of GDP by 2035.
Paytm Sees Block Trade of 1.7 Crore Shares; Stock Dips Slightly
The massive trades, wherein 1.7 crore shares were traded, created market interest as the names of the sellers and buyers are not known.
India Notifies WTO of Tariff Measures to Retaliate Against US Steel Duties
In a reply to the WTO, India pointed out that the U.S. measures it views as safeguard measures cover nearly \\$7.6 billion of Indian exports. The estimated tariff burden of the U.S. duties stands at nearly \\$1.91 billion.
Indian Rupee Strengthens Against the US Dollar in Early Trade
Experts have estimated the day's trading range to be between ₹84.50 and ₹85.25. The US dollar continued to hold its ground after the United States and China signed a crucial trade agreement.
India Seeks WTO Approval for Retaliatory Tariffs on US Steel and Aluminium Duties
India's proposed duties would be leveled against US imports worth $7.6 billion, while duty collections were projected to stand at $1.91 billion, based on a WTO communication. This action is to counter the negative impact of US tariffs on Indian goods.
India-Pakistan Tensions Cause Ongoing Flight Disruptions
Air India canceled flight services operating in both directions to and from cities like Jammu, Leh, Jodhpur, Amritsar, Bhuj, Jamnagar, Chandigarh, and Rajkot.
US, China sign deal to roll back tariffs for 90 days
According to the deal, the US will reduce tariffs on Chinese products from 145% to 30% for 90 days, and China will slash tariffs on US products from 125% to 10% for 90 days.
Government Greenlights Reopening of 32 Airports Amid De-escalation Along India-Pakistan Border
The airports were shut down in enforcement of the increase in cross-border drone and missile attacks after terrorists allegedly sponsored by Islamabad killed 26 tourists in Pahalgam.
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