BUSINESS
China Imposes Retaliatory Tariffs on US Imports
As per a Reuters report, US exports like soybeans, sorghum, pork, beef, aquatic products, fruits, vegetables, and dairy products will be hit by a 10% tariff in China. Moreover, the Chinese finance ministry has also confirmed that wheat, corn, cotton, and chicken will be hit by a higher 15% tariff.
FDI Declines 5.6% to $10.9 Billion in Oct-Dec 2024
In the corresponding quarter of 2023-24, FDI inflows had stood at USD 11.55 billion.
Indian Startups Secure $1.65 Billion in February, Median Valuation at $83.2 Million
This makes the cumulative funding raised during FY25 (April-February) stand at USD 25.4 billion spread across 2,200 funding rounds, based on the data.
India Poised for Stable 6.5% GDP Growth in 2025-26, Says Crisil
As per a Crisil report published on Monday, private consumption is expected to pick up, while growth in investment will rely on private capital spending.
India's Manufacturing Growth Slows but Remains Resilient in February: Report
While this marginal dip means that the PMI still firmly lies in expansionary ground, it does show that growth is slowing down.
Tesla Secures Deal for First Indian Showroom in Mumbai's BKC, Plans Second Outlet in Delhi
Tesla's 4,000 sq ft showroom would be at ground level of an office tower complex in BKC. Tesla is reportedly shelling out one of the highest commercial space rents in the region, ₹900 a square foot, or approximately ₹35 lakh a month.
Adani Group Resumes US Investment Plans: Reports
The strategic decision comes following the election of President Donald Trump, whose pro-business outlook has boosted the conglomerate to renew its U.S. investment agenda, the Financial Times reported.
Reliance Industries shares fall 3% to fresh 52-week low
The decline indicates continued worries about continued foreign institutional investor (FII) outflows and weakness in the overall market.
"I Am the Byju of BYJU'S": CEO Raveendran Demands Probe into EY-Glas Trust ‘Collusion’
Beginning with the line, "I am the Byju of BYJU'S," he set out his side of the story on the collapse of the company, accusing misrepresentations and stating that he has sold all his assets "to keep his mission alive."
Pakistan’s Tax Shortfall Expands to Rs 606 Billion This Fiscal Year: Report
According to The Express Tribune, the Federal Board of Revenue (FBR) incurred a huge shortfall of Rs 606 billion against its July-February target of Rs 7.95 trillion. The FBR collected Rs 7.342 trillion in the period, recording a whopping 28 percent growth. This rise, however, was short of the IMF-recommended target, causing financial pressures.
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