Category: Business

Business

Export units at Tirupur, Noida, Surat halt production amid high U.S. tariffs: FIEO

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Export units at Tirupur, Noida, Surat halt production amid high U.S. tariffs: FIEO

Apex exporters body FIEO on Tuesday (August 26, 2025) expressed serious concerns over high U.S. tariffs on Indian goods and said that textiles and apparel manufacturers in Tirupur, Noida, and Surat have halted production amid worsening cost competitiveness due to these steep duties. The U.S. duties on Indian goods will increase to 50% from August…

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Business

Indian hospitality sector’s revenue per available room jumps 12.9 pc in April-June: Report

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Indian hospitality sector’s revenue per available room jumps 12.9 pc in April-June: Report

Representational file image. | Photo Credit: Reuters India’s hospitality industry witnessed a 12.9% year-on-year growth in Revenue per Available Room (RevPAR) during the April-June quarter of this calendar year, a report said on Tuesday. The hospitality sector delivered an exceptional 12.9% RevPAR growth on a year-on-year (YoY) basis with 10% sequential acceleration, demonstrating sustained recovery…

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Business

India’s tech industry revenue expansion projected to remain muted; recovery anticipated between 2027–30: Nasscom-McKinsey forecast

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India’s tech industry revenue expansion projected to remain muted; recovery anticipated between 2027–30: Nasscom-McKinsey forecast

“Over the next three to five years, we will see an accelerated rise of hybrid teams, reshaping delivery models, productivity benchmarks, and pricing frameworks toward outcome-driven models,” Nasscom President Rajesh Nambiar said. | Photo Credit: The Hindu While India’s tech services industry will retain a relative growth edge, revenue expansion is projected to remain muted…

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Business

Centre reduces wheat stock limits to “manage food security”

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Centre reduces wheat stock limits to “manage food security”

The Government said as part of “continuous efforts to moderate prices of wheat before the upcoming festive season”, the wheat stock limit is revised until March 31, 2026. | Photo Credit: YAMAM AL SHAAR The Union Food Ministry has further reduced the wheat stock limits for traders, stockists and processors on Tuesday and said the…

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Business

‘Geopolitical uncertainties, fluctuating commodity prices, evolving trade dynamics shaped a challenging environment for us’: Coffee Day Enterprises

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‘Geopolitical uncertainties, fluctuating commodity prices, evolving trade dynamics shaped a challenging environment for us’: Coffee Day Enterprises

The firm that owns several subsidiaries including cafe chain Coffee Day, said sluggish growth of the economy impacted the spending power and subsequently reduced coffee consumption. File. | Photo Credit: Reuters Coffee Day Enterprises Ltd, a Bengaluru-based coffee and hospitality firm set up by late entrepreneur V.G. Siddartha, said a global economic context­­­, surrounded by…

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Business

Sensex tumbles 849 points amid widespread selloff; slips below 81,000 ahead of additional 25% U.S. tariffs

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Sensex tumbles 849 points amid widespread selloff; slips below 81,000 ahead of additional 25% U.S. tariffs

Representational file image. | Photo Credit: PTI Equity benchmark index Sensex tumbled 849 points to slip below the 81,000 level on Tuesday (August 26, 2025) due to widespread selling pressure after the U.S. issued a draft notice over the implementation of an additional 25% tariff on Indian products. Besides, persistent foreign fund outflows and a…

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Business

Rupee falls 12 paise to close at 87.68 against U.S. dollar

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Rupee falls 12 paise to close at 87.68 against U.S. dollar

Image used for representation purpose only. | Photo Credit: Reuters The rupee depreciated 12 paise to close at 87.68 (provisional) against the U.S. dollar on Tuesday (August 26, 2025), tracking weak domestic markets after the U.S. issued a draft notice on plans to implement an additional 25% tariff on Indian products. Forex traders said the…

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Business

PM Modi flags off Maruti Suzuki’s 1st electric vehicle e-Vitara

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PM Modi flags off Maruti Suzuki’s 1st electric vehicle e-Vitara

Prime Minister Narendra Modi flags off Maruti Suzuki’s first electric vehicle e-Vitara from Hansalpur manufacturing facility, Gujarat, on August 26, 2025. Source: YouTube/Narendra Modi Prime Minister Narendra Modi flagged off Maruti Suzuki’s first global electric vehicle, e-Vitara, from Hansalpur, Gujarat, on Tuesday (August 26, 2025). The made-in-India car will be exported to more than 100…

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Business

Markets decline in early trade after U.S. moves to levy additional 25% tariffs

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Markets decline in early trade after U.S. moves to levy additional 25% tariffs

Benchmark indices Sensex and Nifty declined in early trade on Tuesday (August 26, 2025) after the U.S. issued a draft notice over the implementation of an additional 25% tariff on Indian imports. Additionally, persistent foreign fund outflows and a weak trend in Asian markets also dampened sentiment. The 30-share BSE Sensex tumbled 606.97 points or…

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Business

Rupee falls 22 paise to 87.78 against U.S. dollar in early trade

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Rupee falls 22 paise to 87.78 against U.S. dollar in early trade

Image used for representation purpose only. | Photo Credit: Reuters The rupee depreciated 22 paise to 87.78 against the U.S. dollar in early trade on Tuesday (August 26, 2025) after the U.S. issued a draft notice detailing plans to impose an additional 25% tariff on India. Forex traders said the rupee lost momentum as worries…

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