In a strategic move that signals a recalibration of its global footprint, Deutsche Bank has put its India retail banking franchise on the block, inviting bids from domestic and foreign lenders. The decision, confirmed by multiple sources familiar with the matter, follows a global review of operations and mirrors similar exits by other foreign banks…
Union Commerce and Industry Minister Piyush Goyal has issued a bold call to Indian businesses, urging them to “put pressure on the Modi government” with ideas, demands, and solutions to tackle the fallout from the United States’ 50% tariff hike on Indian exports. Speaking at a Confederation of Indian Industry (CII) conference in Mumbai, Goyal…
India’s private corporate investment is poised for a robust rebound in FY2025–26, with capital expenditure expected to rise from ₹2.2 lakh crore to ₹2.67 lakh crore—a 21.5% jump year-on-year. According to the Reserve Bank of India’s August bulletin, this surge is being driven by a confluence of supportive macroeconomic factors, including a 100-basis-point policy rate…
India’s automobile sector is gearing up for a major tax overhaul as the GST Council prepares to implement a simplified two-slab structure for vehicles. The proposed reform, expected to roll out by Diwali 2025, will reduce the Goods and Services Tax (GST) on small internal combustion engine (ICE) cars from 28% to 18%, with minimal…
Nigeria has extended a strategic invitation to Indian businesses to set up manufacturing and assembly operations in the Lagos Free Zone (LFZ), positioning the West African nation as a gateway to global markets amid rising trade barriers. The offer comes at a time when Indian exporters are grappling with steep US tariffs—up to 50% on…
Odisha, one of India’s most mineral-rich states, is facing a sharp decline in its export performance, with total outbound trade falling by more than 40% between FY2020–21 and FY2024–25. According to the Odisha Economic Survey 2024–25, the state’s over-reliance on mineral commodities—particularly iron ore, coal, and chromite—has left its export basket vulnerable to global price…
India is on the cusp of becoming the world’s third-largest economy, according to Reserve Bank of India (RBI) Governor Sanjay Malhotra. Speaking at the ‘Santripti Shivir’ financial inclusion campaign in Rangwasa village, Indore, Malhotra hailed the Pradhan Mantri Jan Dhan Yojana (PMJDY) as a transformative force that has laid the foundation for inclusive growth and…
India’s engineering export sector defied global trade turbulence in July 2025, posting a robust 13.81% year-on-year growth and crossing the $10 billion mark for the first time in the current fiscal. According to the Engineering Export Promotion Council (EEPC), engineering goods exports reached $10.43 billion in July, up from $9.16 billion in July 2024, driven…
Chief Economic Adviser (CEA) V Anantha Nageswaran has downplayed fears of widespread job losses stemming from the recent 50% tariff hike imposed by the United States on Indian exports, stating that the impact will be “largely confined to export-oriented units” and is unlikely to be significant. However, he cautioned that the upcoming quarters could see…
Union Commerce and Industry Minister Piyush Goyal has issued a candid call to Indian businesses, urging them to step out of their “cosy comfort zone” created by the vast 1.4 billion-person domestic market and actively pursue global opportunities. Speaking at the India-UAE Business Interaction event organized by the Confederation of Indian Industry (CII) in Mumbai…
