Country Financial News

Data shared by real estate consultancy JLL with ET showed about 13,274 rooms were signed in tier-3 locations last year, up from 7,267 in 2023. «The impact of economic growth is witnessed across the length and breadth of the country. Unprecedented growth of travel, backed by business activity as well as leisure travel, including pilgrimage travel, has resulted in a massive upswing in demand,» said Jaideep Dang, managing director, Hotels and Hospitality Group, JLL India. «We have been busy doing project feasibilities followed by project development in many tier-2 and tier-3 towns and cities. Higher lifestyle aspirations have resulted in higher spends on F&B, social events and the wedding market in these locations,» he added. Several factors are fuelling this growth, said Nikhil Sharma, MD, and area senior VP, South Asia at Radisson Hotel Group. Radisson has signed or opened hotels in new locations such as Khopoli (Maharashtra), Saputara (Gujarat) and Yavatmal (Maharashtra) in the past year.

Aveo Pharmaceuticals said the company has been issued stop-production notice for non-compliance with manufacturing standards and not for export of opioid-based drugs to West African nations. Arvind Sharma, its managing director, also told ET's Teena Thacker and Vikas Dandekar that the company has valid product permissions from the state food and drug administrator for Tafradol, a combination of Tapentadol and Carisoprodol. Edited excerpts: What is the status of allegations of exports of opioids to West African nations? The allegations that our products are narcotics opioids are false. All our products are legitimate, licensed pharmaceuticals sold under valid prescriptions in numerous countries.

When you get there, you feel intensely sad. You seem to lose all your strength and enthusiasm. You cannot stop thinking about your wife and children.

women's participation is a good barometer to determine a country's place on the development spectrum. The spotlight on 'women-led development' this Women's Day was in keeping with India's efforts to become 'developed' by 2047. But the rape of two women near Hampi in Karnataka made the news.

Indo-Pacific could offer an alternative trading framework, but many countries—especially India—will be uneasy about China’s dominant role within it, commented Martin Wolf, Chief Economics Commentator at the Financial Times. He set the tone for CUTS International’s webinar on geopolitics last week. The two-session brought together global experts, policymakers, and thought leaders to assess the implications of President Donald Trump’s second term on the Indo-Pacific region’s geopolitics, trade, and security frameworks. Ambassador Meera Shankar, former Indian Ambassador to the U.S., emphasised that “Collective security, collective prosperity, and a rules-based order drive the Indo-Pacific region.” However, she noted that while economic cooperation has progressed, collective security remains a work in progress.

In his victory speech, he said: «When we come together, we build things that last, because we are Canada strong.» Stocks plunge as Donald Trump slaps tariffs on US trading partners Carney also took on Donald Trump and his trade war in his speech, arguing the US president «thinks he can weaken us with his plan to divide and conquer». «The Americans want our resources, our water, our land, our country. If they succeeded, they would destroy our way of life […] and Canada never, ever will be part of America in any way, shape or form.» The incoming prime minister continued: «The Cana...

Subscribe to enjoy similar stories. US President Donald Trump’s recent declaration of English as the official language of the US may seem relatively benign. Most residents already speak English and a majority of immigrants are eager to learn it.

Liberal Party conference, Trudeau reflected on his tenure while also taking a parting shot at US President Donald Trump. His resignation, prompted by a wave of cabinet departures in late 2024, led to the swift election of Mark Carney as his successor. “I’m damn proud of what we’ve done over these past 10 years. But tonight is about our future as a party, as a country,” Trudeau told the audience. His daughter, Ella-Grace, introduced him on stage, sharing how proud she was of her father while joking that she looked forward to seeing him less on social media. Trudeau, visibly emotional, wiped away tears before addressing the gathered supporters.

bilateral trade agreements rather than multilateral deals and protect its national interest, especially that of the farmers and small entreprenuers, while negotiating with the US, the Swadeshi Jagran Manch (SJM) said on Monday. The SJM's national council passed a resolution in this regard at its meeting in Chhattisgarh, the RSS affiliate said in a statement. The two-day meeting held in Raipur, which deliberated on a host of issues, including strengthening India's economy amid a changing geopolitical scenario and the Donald Trump administration's policy of reciprocal tariffs, concluded on Monday. «After taking over as US president, Donald Trump has launched a frontal attack on the global free trade system by announcing his intent to impose higher tariffs (on reciprocal basis) on imports from many countries around the world,» the resolution said.

coal-fired power generation grew at a muted pace on the back of a slowdown in manufacturing activity. This is the longest such streak since February 2022, when imports declined for eight consecutive months. Manufacturing activity in the world's fastest growing major economy slowed to its weakest pace in over a year, stifling appetite for seaborne coal in the country and adding to pressure on declining on global thermal coal prices.

Subscribe to enjoy similar stories. President Donald Trump said Americans should expect “a little disturbance" from his tariffs and trade policies and he wouldn’t rule out the potential for a recession this year. “I hate to predict things like that," Trump told Fox News’ Sunday Morning Futures.

Trump has appointed Tom Homan, the former acting director of Immigration and Customs Enforcement (ICE), as “border czar” to oversee the nation's immigration enforcement, maritime, and aviation security. Trump made the announcement on Truth Social, saying, “I am pleased to announce that the Former ICE Director, and stalwart on Border Control, Tom Homan, will be joining the Trump Administration, in charge of our Nation’s Borders (‘The Border Czar’), including, but not limited to, the Southern Border, the Northern Border, all Maritime, and Aviation Security.” Trump added, “There’s nobody better at policing and controlling our Borders” and that Homan “will be in charge of all Deportation of Illegal Aliens back to their Country of Origin.” Homan, a key figure during Trump’s first term, led “zero tolerance” immigration enforcement, including policies that separated children from families at the border, leading to widespread criticism. He also contributed to Project 2025, a conservative policy blueprint, though Trump distanced himself from that project during his campaign. Homan served as acting ICE director from 2017 to 2018 and frequently defended his agency’s aggressive tactics, including saying undocumented immigrants “should be afraid” and vowing to place parents and guardians of undocumented minors in immigration proceedings. Homan’s Plans on Immigration Enforcement and Sanctuary Cities

Subscribe to enjoy similar stories. American defense companies have increased their dominance of the global arms trade, buoyed by European nations snapping up U.S. jet fighters and missiles.

Subscribe to enjoy similar stories. US President Donald Trump issued executive orders slapping high tariffs on imports from Canada, Mexico and China. For the rest, he has proposed a reciprocal tariff regime, pushing exporting countries to either reduce their respective import duties drastically or be shut out of the US market.

Board of Control for Cricket in India (BCCI) and Indian Premier League (IPL) organisers to take action against the promotion of alcohol and tobacco through advertisements and endorsements. The letter, dated March 5, was addressed to IPL Chairman Arun Singh Dhumal and BCCI officials, urging them to prohibit all forms of tobacco and alcohol advertisements, including surrogate ads, across IPL stadiums, related events, and television broadcasts, ET reported on Monday. The letter further emphasised that sportspersons, including commentators, should refrain from directly or indirectly endorsing these harmful products.

Nielsen, a global leader in audience measurement, data, and analytics had leased 2.86 lakh sqft across Goregaon in Mumbai and Whitefield in Bengaluru, to expand its presence as part of the company’s broader strategy to strengthen presence in the region, driving business growth and enhancing operations. The new offices has seating capacity for 1,500 employees each. The Mumbai office, leased from Oberoi Realty Limited, spans 1.5 lakh sq. ft., while the Bengaluru office, leased from Chalet Hotels Limited, covers 1.36 lakh sq. ft. Nielsen plans to open more offices across India, including in locations like Gurgaon and Hyderabad.

Subscribe to enjoy similar stories. To borrow from the Greek philosopher Heraclitus, the only constant in Donald Trump’s second presidency so far is change—in tariffs. Tariff rates and exemptions are constantly evolving in response to market reactions, diplomatic efforts, trade negotiations and domestic lobbying.

Indian rupee weakened on Monday on the back of strong demand to buy dollars at the daily reference rate and as the Chinese yuan slipped amid worries about the country's economy and a global trade war. The rupee declined 0.4% to 87.26 against the U.S. dollar as of 9:45 a.m. IST.

Maharashtra Budget 2025 Live Updates: Deputy Chief Minister and Finance Minister Ajit Pawar will table the Maharashtra Budget for FY 2025-26 in the state assembly today. This is the first budget of the newly-formed Mahayuti government in the state that came to power late last year.

Ashwini Vaishnaw, union minister for railways, IT and electronics, and information and broadcasting. He was speaking at The Economic Times Awards for Corporate Excellence on Saturday, where he received the Business Reformer of the Year award.

Subscribe to enjoy similar stories. President Trump’s start-and-stop expansion of tariffs on trading partners has no analog in modern history. President George W.