NEW DELHI (Reuters) -India will roll out a package of measures to help exporters hurt by a surge in U.S. tariffs, Finance Minister Nirmala Sitharaman said on Friday. The new U.S. duties slapped on Indian goods last month included a 25% punitive levy over New Delhi’s Russian oil purchases – taking overall duties as high …
India plans relief package for exporters hit by US tariffs Read More »
By Ashwin Manikandan MUMBAI (Reuters) – The Indian rupee hit a lifetime low on Friday, pressured by worries over U.S. tariffs, leaving traders on edge even as likely central bank intervention helped limit losses. The Asian currency fell 0.14% to 88.2650 against the U.S. dollar, from 88.1450 in the previous session. Friday’s move ended a …
Rupee hits record low on tariff jitters, but central bank caps decline Read More »
By Bharath Rajeswaran (Reuters) -India’s equity benchmarks ended flat after a volatile Friday, as investors booked gains in consumer stocks and a slide in information technology shares offset broader advances. Both indexes still posted weekly gains, led by autos after tax cuts. The NSE Nifty 50 rose 0.03% to 24,741 and the BSE Sensex lost …
India’s stock benchmarks log weekly gains led by autos on tax cut Read More »
(Corrects conversion in paragraph 15 of Thursday story to 2.2, not 34.2, degrees Fahrenheit) By Rajendra Jadhav TINSUKIA, India (Reuters) -Under blazing skies at a tea plantation in India’s northeastern state of Assam, picker Kamini Kurmi wears an umbrella fastened over her head to keep her hands free to pluck delicate leaves from the bushes. …
Drier weather threatens India’s tea exports, global supply Read More »
By Praveen Paramasivam CHENNAI (Reuters) -Dabur, Indian rival of Colgate-Palmolive, is making its toothpaste a test of nationalism by asking consumers to shun American brands, as companies intensify promotion of local goods amid worsening trade ties with the United States. Prime Minister Narendra Modi on Thursday reiterated his call to use “Swadeshi”, or made-in-India goods. …
Toothpaste becomes battleground as US-India tensions spill into company ads Read More »
By Jaspreet Kalra MUMBAI, September 04 (Reuters) – The Indian rupee ended modestly lower on Thursday as dollar demand from local oil companies and foreign banks weighed on the currency even as firm expectations of a rate cut by the U.S. Federal Reserve kept the greenback on the defensive. The rupee closed at 88.1450 against …
Rupee ends a tad lower on dollar bids from importers, foreign banks Read More »
By Aditya Kalra NEW DELHI (Reuters) -India’s overhaul of consumer tax stands to make everything from soaps to luxury SUVs cheaper, but global fashion brands such as Zara, Levi Strauss and Lacoste have been spooked by higher levies on all apparel priced at more than $29. The premium wear segment accounts for about 18% of …
India’s higher tax on clothing threatens setback for global fashion brands Read More »
By Sherin Elizabeth Varghese and Ashitha Shivaprasad (Reuters) – Gold prices slipped on Thursday as traders took profits following a record-breaking rally, with spotlight now shifting to the U.S. payrolls report for fresh cues on Federal Reserve’s policy path. Spot gold fell 0.4% at $3,544.15 per ounce by 11:27 a.m. EDT (1527 GMT), while U.S. …
Gold slips after record rally, US payrolls report on radar Read More »
(Corrects day of Von der Leyen’s X post to Thursday from Wednesday in paragraph 9) NEW DELHI (Reuters) -EU trade chief Maros Sefcovic will visit New Delhi next week, as talks on a planned free trade agreement make “rapid progress”, Indian trade minister Piyush Goyal said on Thursday. The report of advances in the long-running …
EU trade chief heads to India as deal talks make ‘rapid progress’, New Delhi says Read More »
By Praveen Paramasivam (Reuters) -Raymond Lifestyle plans to reduce prices on select apparel items, an executive said on Thursday, making the suitmaker one of the first companies to respond to the Indian government’s move to cut consumption tax. The biggest tax code restructuring in eight years by Prime Minister Narendra Modi’s government – made after …
India’s Raymond Lifestyle to cut prices after consumption tax break Read More »
