Uttar Pradesh’s leading export hubs are reeling under the impact of a steep 50 per cent tariff imposed by the US on Indian imports, with exporters warning of job losses, stalled orders and shrinking market access. Photograph: Cathal McNaughton/Reuters Industry
Several executives argue that UPI has the potential to grow tenfold, but warn that the absence of a monetisation model risks stagnating the real-time payments system, which has been recording all-time-high transaction volumes every year. Illustrations: Dominic Xavier/Rediff India’s
Benchmark BSE Sensex on Monday rebounded by nearly 555 points on value buying in IT, auto and banking shares after three straight days of losses and strong macro data. Illustration: Dominic Xavier/Rediff The 30-share Sensex jumped 554.84 points or 0.70
Challans worth Rs 10,298 crore were issued, but collections have been a weak 20 per cent. IMAGE: Traffic personnel sticks a Paytm QR code as Gurugram becomes the first city to ease the payment of challans through a digital transaction
Capital investment by the private sector is likely to rise 21.5 per cent to Rs 2.67 lakh crore in 2025-26 aided by robust macroeconomic fundamentals, and a 100-bps policy rate cut, according to an RBI article. Illustration: Uttam Ghosh Despite
Non-banking financial company (NBFC) Tata Capital is set to launch its much-anticipated $2 billion (Rs 17,200 crore) initial public offering (IPO) in the week beginning September 22, market sources familiar with the matter said on Sunday. Illustration: Dominic Xavier/Rediff The
The Gems and Jewellery Export Promotion Council (GJEPC) has urged the Centre to provide immediate relief measures as the tariffs imposed by the United States have started hitting the industry. Image used for representation purpose only. Photograph: Niharika Kulkarni/Reuters US
‘States should be compensated for the revenue loss for at least five years or beyond till the revenue stabilises.’ Illustration: Dominic Xavier/Rediff Eight Opposition-ruled states — Karnataka, Jharkhand, Punjab, West Bengal, Tamil Nadu, Kerala, Telangana and Himachal Pradesh —
The 50 per cent US tariff on Indian goods pose a downside risk to growth but the impact is expected to be short-lived for the economy, and consumption demand could see an uptick after the new goods and service tax
The bail plea of fugitive diamonds trader Mehul Choksi, wanted in India in connection with over Rs 6300-crore fraud in the Punjab National Bank (PNB), has again been turned down by a court of appeal in Belgium, just ahead of
