India Financial News

03.02 / 17:15

markets UPS Target Manufacturing Trade band Department Nominal GDP may get a boost from India-US trade deal: Secretary Thakur

Subscribe to enjoy similar stories. New Delhi: India’s nominal GDP growth for FY27, pegged at 10% in the Union Budget, could turn out higher if the proposed India-US trade deal goes through, which is expected to boost domestic manufacturing, Department of Economic Affairs (DEA) secretary Anuradha Thakur said. Nominal gross domestic product (GDP) measures economic output at current market prices, without adjusting for inflation, and is crucial for tax revenues because taxes are collected on current prices and incomes, not inflation-adjusted values.

03.02 / 17:15

markets COST Manufacturing security Sustainability Trade Interviews ‘Slower FY27 customs revenue growth reflects India’s push for competitiveness, trade liberalisation’

Subscribe to enjoy similar stories. NEW DELHI : The moderation in customs duty revenue growth projected for fiscal year 2027 (FY27) in the Union budget is due to lowering customs duty on raw materials and inputs to make Indian businesses more competitive, the chairperson of India’s Central Board of Indirect Taxes and Customs (CBIC), Vivek Chaturvedi, told Mint in an interview. Also contributing is trade liberalisation being pursued under free trade agreements (FTAs), which will secure greater external market access for Indian businesses, according to Chaturvedi.

03.02 / 15:51

UPS security Trade President Experts reports India unlikely to halt Russian oil imports abruptly despite Trump's deal claim

Subscribe to enjoy similar stories. New Delhi: US President Donald Trump has claimed that India has agreed to stop Russian oil purchases as part of a long-pending bilateral trade deal, but analysts and refiners said that an immediate, abrupt halt is unlikely.

03.02 / 14:37

markets UPS Provident Booking Trade President Experts US tariff cut puts Indian seafood, basmati back on America’s plate

Subscribe to enjoy similar stories. New Delhi: US President Donald Trump's decision to reduce reciprocal tariff on Indian goods, after months of trade tensions, is expected to significantly boost seafood and basmati rice exports. Industry officials said that that lower tariffs would make Indian seafood and basmati more competitive in the US market, stimulate fresh orders, and improve price realisations.

03.02 / 14:37

markets Manufacturing Sustainability Trade medicines Investigations Pharmaceuticals India plans curbs on cheap API imports from China to shield TB drug makers

Subscribe to enjoy similar stories. New Delhi: India plans to impose anti-dumping duties on ethambutol hydrochloride—a critical input used in tuberculosis (TB) medicines—to curb cheap imports from China and Thailand, according to a government order reviewed by Mint.

03.02 / 14:37

markets UPS Manufacturing Trade President country US tariff cut sparks hopes of job revival in India’s textile hubs

Subscribe to enjoy similar stories. Bengaluru | Mumbai: Relief will start trickling into India’s export hubs, where months of weak orders and job losses had followed the steep tariff hike by the US, the country's largest export market. Washington's move to cut tariffs on Indian goods is set to ease the pressure on labour-intensive exporters, such as textiles and gems and jewellery.

03.02 / 14:37

markets UPS wellness Trade stage country cover Big deal: Why the India-US trade agreement is likely to spell significant gains for both partners

Subscribe to enjoy similar stories. After a rocky ride, an India-US trade deal has finally been announced. It follows what was called the “mother of all deals" between India and the EU and Sunday’s long-horizon outline of growth policies as part of India’s budget for 2026-27.

03.02 / 12:27

markets COST UPS Trade show country Near-zero to 50% to 18%: The tariff shock reshaping India-US trade

Subscribe to enjoy similar stories. New Delhi: Until President Donald Trump’s return to the White House on 20 January 2025, US tariffs were largely a non-issue for Indian exporters. That low-tariff environment ended in April 2025, when Washington imposed sweeping reciprocal duties, sending the US trade-weighted average tariff into double digits for the first time in decades.

03.02 / 12:27

markets COST UPS Citi Platform Metro beautiful Inside the battle for Bharat: How startups are cracking the rural retail code

Subscribe to enjoy similar stories. For years, grocery shopping was an exercise in disappointment for Venkataramanan Reddy, a 58-year-old farmer living near Rayachoty, a town of 1.25 lakh in Andhra Pradesh’s Rayalaseema region. At the small neighbourhood stores he relied on, the quality of products, especially staples such as lentils, was poor, even as prices remained high.

03.02 / 10:53

UPS Provident Progressive Experts show 2020 In charts: From disputes to closures, the changing face of Indian tax compliance

Subscribe to enjoy similar stories. Tax revenues are the backbone of government finances, yet a significant portion of these revenues remains unrealised. When funds are locked up in legal and administrative limbo, it creates a fiscal drag that stifles public infrastructure and welfare initiatives.

03.02 / 10:53

markets UPS Provident Digital economy Sustainability Research Budget: It combines strategic ambition with fiscal discipline to set India up for a sustainable growth trajectory

Subscribe to enjoy similar stories. Markets don’t always get it right, especially not immediately. India’s 2026-27 budget sparked an initial selloff, with investors obsessing over the government’s elevated headline borrowing.

03.02 / 10:53

markets COST UPS Manufacturing Research Trade country India-US trade deal boosts prospects of Indian cable & internet gear makers

Subscribe to enjoy similar stories. The India-US trade deal announcement has lifted investor sentiment around Indian cable and internet gear makers such as Sterlite Technologies Ltd (STL), HFCL Ltd, RR Kabel Ltd, Polycab India Ltd and Havells India Ltd, amid expectations of improved US export prospects and margin recovery after earlier tariff-related pressures, analysts said.

03.02 / 10:07

markets COST UPS Hyundai wellness Tough ride for Creta, muted GST gains: How Hyundai is navigating a rocky road

Subscribe to enjoy similar stories. Hyundai Motor India Ltd’s December quarter (Q3FY26) results drew a lacklustre reaction from the Street. While Ebitda margin was flat year-on-year at 11.2%, unit economics improved slightly.

03.02 / 09:53

COST UPS Waves CEO Trade Experts International India-US trade deal sparks fresh wave of optimism in Indian IT

Subscribe to enjoy similar stories. BENGALURU : The shares of India’s largest information technology (IT) services firms—Tata Consultancy Services Ltd, Infosys Ltd, HCL Technologies Ltd, Wipro Ltd and Tech Mahindra Ltd—jumped as much as 4% in morning trade as investors stamped their seal of approval on the India-US deal.

03.02 / 09:53

markets Citi security stage 2020 reports International Advent re-enters Aditya Birla Capital with ₹2,750 crore housing finance deal

Subscribe to enjoy similar stories. MUMBAI: Private equity firm Advent International will acquire a 14.3% stake in Aditya Birla Housing Finance Ltd (ABHFL) for ₹2,750 crore, valuing the company at ₹19,250 crore on a post-money basis, according to a regulatory filing by listed parent Aditya Birla Capital. The parent will retain an 85.7% stake.

03.02 / 09:53

COST UPS Provident Cooper Analysis Universities country Engineers India in talks to develop Guyana's first oil refinery, says CMD Vartika Shukla

Subscribe to enjoy similar stories. New Delhi: Engineers India Ltd (EIL) is in talks with the government of Guyana to help build its first oil refinery, CMD Vartika Shukla said in an interview, a step that could deepen energy ties between India and the South American country. EIL plans to offer project management and consultancy services for the proposed refinery.

03.02 / 06:59

markets UPS FIVE Digital Booking Platform security Sebi to cut FPI registration time from 30 days to just 5 days, aiming to boost foreign investment, chief Pandey says

Subscribe to enjoy similar stories. India’s market regulator plans to sharply cut the registration timeline for foreign portfolio investors, Securities and Exchange Board of India chief Tuhin Kanta Pandey said. “The idea is that we should take five days.

03.02 / 06:23

markets Trade President War show country strain In charts: How the India-US trade deal restores the level playing field

Subscribe to enjoy similar stories. India and the US announced on Monday that they had agreed on a trade deal. India announced that it will would face 18% US tariffs, down from 50%.

03.02 / 05:01

markets UPS FIVE Digital Enterprise Healthcare Zensar in talks to acquire promoter stake in Mastek

Subscribe to enjoy similar stories. IT firm Zensar Technologies is in talks to acquire an 18–20% stake from promoters of mid-sized peer Mastek, three people familiar with the matter told Mint. The proposed transaction is expected to be valued at over $200 million and could go up to $400 million, though discussions are ongoing and no deal has been finalized, the people added.

03.02 / 05:01

COST UPS Booking Gap trends show Profiles India’s high credit-deposit ratio: Is the banking system overstretched or just efficient?

Subscribe to enjoy similar stories. The credit-deposit (CD) ratio of scheduled commercial banks reached 81.75%—the highest level recorded since 2000-01—on 31 December 2025. Usually, a high CD ratio is a positive indicator as it means that banks are deploying funds efficiently in loans.

03.02 / 04:41

markets Target Manufacturing security Coherent trends country Rathin Roy: Why the budget lacks the coherence needed to tackle India’s real economic challenges

Subscribe to enjoy similar stories. This budget has been commendably prudent and tries to alleviate the harassment that marks India’s exploitative and litigious tax system. It does little else.

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