In a move that blends economic pragmatism with geopolitical messaging, the Indian government has suspended the 11% import duty on raw cotton until September 30, 2025. The decision, announced late Monday, eliminates both the 5% basic customs duty and the 5% agriculture infrastructure and development cess, offering immediate relief to India’s textile and garment industry…
Despite the looming threat of steep tariffs imposed by the United States, Russia has assured that its trade with India will remain unaffected, thanks to what officials describe as a “very special mechanism” designed to bypass Western sanctions and maintain uninterrupted bilateral commerce. The announcement comes in the wake of the Trump-Putin summit in Alaska,…
India’s private sector is finally stepping off the sidelines and re-entering the capital expenditure arena, according to Larsen & Toubro (L&T) Chairman and Managing Director S N Subrahmanyan. In a recent interview, Subrahmanyan declared that “private capex is back,” marking a pivotal moment in India’s investment cycle after years of cautious spending. The shift, he…
India’s stock market is poised for a rerating as Emkay Global Financial Services upgrades its Nifty 50 target to 28,000 for September 2026, citing the upcoming Goods and Services Tax (GST) rationalisation as a landmark reform. The brokerage firm believes the reform will act as a growth catalyst, simplify compliance, and accelerate formalisation of the…
JSW Cement, the recently listed arm of the JSW Group, has caught the attention of investors and analysts alike as Motilal Oswal Financial Services (MOFSL) initiates coverage with a “Neutral” rating. The brokerage values the stock at ₹163 per share, implying a modest upside of 9% from its previous close of ₹150.1. In its bull…
India is poised for a transformative shift in its indirect tax regime as the government rolls out next-generation Goods and Services Tax (GST) reforms. Chief Economic Advisor (CEA) Dr. V Anantha Nageswaran has hailed the proposed overhaul as a “Diwali gift” for the nation, emphasizing that the reforms will reduce the tax burden on households…
Uttar Pradesh, India’s most populous state, is often celebrated for its cultural heritage, political influence, and historical significance. But beneath the layers of tradition and governance lies a thriving entrepreneurial ecosystem that has quietly produced some of the country’s wealthiest individuals. From FMCG giants to fintech pioneers, the state’s billionaires have built empires that span…
Paradeep Phosphates Ltd (PPL), one of India’s leading fertiliser manufacturers, has announced a bold ₹1,500 crore expansion strategy aimed at doubling its market share in the phosphatic fertiliser segment by FY26. The Bhubaneswar-headquartered company, which reported a turnover of nearly ₹14,000 crore in FY25, plans to scale its production capacity from 2.6 million tonnes to…
India’s exporters, who play a vital role in strengthening the nation’s foreign exchange reserves and creating jobs, have once again voiced their concerns about the mountains of paperwork and bureaucratic delays they face daily. A leading factory owner recently appealed to the Modi government to simplify trade processes, arguing that unless regulatory bottlenecks are addressed,…
India’s manufacturing landscape is witnessing a massive transformation, with global giants increasing their investments and expanding production capabilities. One of the latest developments came from Samsung, which has broadened its production portfolio in India, reaffirming its commitment to the government’s “Make in India” and “Atmanirbhar Bharat” initiatives. Union Minister for Electronics and Information Technology, Ashwini…
