BUSINESS
China: US Tariff Hikes No Longer Economically Justifiable
The spokesperson continued saying that if the U.S. continues to be obsessed with "tariff numbers," China will decide to disregard such measures, according to Xinhua news agency.
BluSmart Halts Cab Bookings Until May 7 Following SEBI Action on Parent Firm Gensol
BluSmart, which has a presence in Mumbai, Delhi-NCR, and Bengaluru, has suspended its cab services in all three metropolitan areas temporarily.
SEBI Accuses Gensol and BluSmart Promoter Anmol Singh Jaggi of Misusing EV Loans for Personal Luxury Purchases
In its interim order, SEBI detailed how the duo diverted loans meant for buying new electric vehicles (EVs) for BluSmart to fund personal expenses, including the purchase of a luxury apartment in Gurgaon.
India's Goods and Services Exports Rise 2.65% to $73.6 Billion in March
Total imports during the month are placed at $77.23 billion, up 4.90%.
India Among Preferred Markets Due to Resilient Macroeconomic Conditions: Morgan Stanley
The international brokerage, reviewing the new US administration and changing landscape, included India among its key core overweight (OW) recommendations along with other primary markets like Japan, Singapore, and the UAE.
US Remains India’s Top Trading Partner for 4th Consecutive Year in FY25; Trade Deficit with China Hits $99.2 Billion
India's exports to China declined sharply by 14.5% year-on-year to USD 14.25 billion in 2024–25 from USD 16.66 billion in the last fiscal. Imports from China, however, increased substantially—by 11.52%—to USD 113.45 billion from USD 101.73 billion in 2023–24, resulting in a significant 17% increase in the trade gap between the two countries.
Exports Rise 0.7% to $41.97 Billion in March, Total Shipments Exceed $820 Billion
Yet, the month's trade deficit widened to USD 21.54 billion from USD 15.33 billion in March 2023 and USD 14.05 billion in February 2024.
India Can Achieve $25 Billion in Exports and Generate 35 Lakh Jobs in Hand and Power Tools Sector: Report
The report emphasizes that through innovation, empowerment of MSMEs, and a robust industrial ecosystem, India can become a competitive, high-quality global manufacturing hub.
Consumer Sector Sees 3-Year High in M&A and PE Deals, Reaching $4 Billion in Q1
At the forefront of the deal was Singapore's mighty private equity giant Temasek, which invested $1 billion in Haldiram Snack Foods, taking a 10 per cent stake.
RBI Poised for Further Easing; Morgan Stanley Predicts Sensex to Reach 82,000 by December
The international brokerage also estimated India's GDP growth to be at 6.1 percent for FY26, as the global economy remains uncertain.
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