Most auto dealers across India brace for an uncertain April dampened by both domestic and global factors. According to the Federation of Automobile Dealers Association (FADA), IMD’s warning of intense heatwaves looms over consumer footfall and infrastructure activity, while renewed tariff tensions on the international stage add market volatility and rattle automobile buyer sentiment. FADA…
Jaguar Land Rover (JLR), owned by Tata Motors, has decided to temporarily halt shipments of its UK-manufactured vehicles to the United States due to the imposition of a 25% tariff on imported cars by the U.S. government. This tariff, announced by President Donald Trump, has created significant challenges for international automakers, including JLR. The tariff,…
India’s services sector experienced a slight moderation in growth during March 2025, as indicated by the HSBC India Services Purchasing Managers’ Index (PMI). The PMI fell to 58.5 from February’s 59.0, signaling a softer expansion in business activity and sales. Despite this dip, the index remained well above the 50-point threshold that separates growth from…
ndian pharmaceutical stocks experienced a significant rally, with shares jumping up to 14% after the US administration exempted pharmaceuticals from reciprocal tariffs. This exemption came amidst broader tariff measures imposed by the US on various countries, including India. The move highlights the critical role of generic medicines in global healthcare and economic stability. Leading the…
Kunal Kohli blamed producers spending crores on foolish promotions and corporate bookings with influencers for the failures of their films. He advised young stars to discuss their films and roles in promotions instead of dancing with influencers.Kunal Kohli may not be giving hits like he did in the mid-2000s, but he admits that he would…
Indian rupee experienced a marginal decline, closing 2 paise lower at 85.52 against the US dollar on April 2, 2025. This marked the first trading session of the new fiscal year 2025-26. The currency’s movement was influenced by a combination of domestic and global factors, including trade tariff uncertainties, rising crude oil prices, and foreign…
The government has appointed Dr. Poonam Gupta, the Director General of the National Council of Applied Economic Research (NCAER), as the Deputy Governor of the Reserve Bank of India (RBI) for a three-year term. This marks a significant milestone as Dr. Gupta becomes the first woman economist to hold this prestigious position. Dr. Gupta’s appointment…
The Indian Commerce Ministry is actively formulating a range of contingency plans to mitigate the potential economic fallout from possible US tariffs, according to sources within the government. This proactive approach underscores the government’s commitment to safeguarding Indian trade interests in the face of evolving global trade dynamics. The ministry is reportedly analyzing various scenarios,…
Toyota Motor Corporation reported a 9.5% rise in global group sales in February 2025, including its Daihatsu and Hino subsidiaries, with sales rising 52% in Japan to 177,968 units, while overseas sales increased less than 2% to 647,249 units.Sales in Japan last year were hit by widespread production halts due to a safety test-rigging scandal…
Foreign portfolio investors (FPIs) showed signs of returning to Indian equities, as sharp outflows, witnessed early in the year, were followed by renewed buying interest in March. Despite heavy selling in January and February, FPIs turned buyers towards the end of March, helping the benchmark Nifty recover by nearly 6 per cent in this month….
