Gaurav Bansal

[ad_1] United States Trade Representative The United States on Saturday called out multiple countries, among them China and India, over their "unfair trade practices" which it alleged were "harming" America's textiles and apparels sector.In a social media post, the United States Trade Representative (USTR) said that China's domestic manufacturers were enjoying "unfair competitive advantages" due to non-market policies and practices by China in the textiles and apparel sector."These policies are enabling Chinese manufacturers to charge artificially low prices for their products. US textile and apparel manufacturers have been negatively impacted with 28 plants closing in the past 22 months," USTR wrote.Further, it noted that China accounted for 21% of $79.3 billion worth of apparels imported by the United States in 2024. Chinese e-commerce firms, it stated, were responsible for over 30% of all daily de minimis shipments into America, flooding […]

[ad_1] The inaugural edition of WAVES Bazaar concluded on Saturday, with the marketplace recording business transactions exceeding Rs 800 crore over its three-day period. According to an official statement, the total valuation is projected to surpass ₹1000 crore in a few days as deal-making was still underway.The deals struck during the event were across the film, music, radio, VFX and animation sectors.Key highlightsA key highlight of the bazaar was the buyer-seller market, which alone generated revenue upwards of ₹500 crore, with additional deals expected to close in the coming days. The buyer-seller market witnessed more than 3,000 business-to-business (B2B) meetings at WAVES Bazaar, which was organized under the umbrella of the World Audio Visual & Entertainment Summit (WAVES).The bazaar also helped emerging creators pitch their intellectual properties (IPs) to a global network of buyers and collaborators, generating significant interest and […]

[ad_1] As markets wobble and mass layoffs ripple across industries, Rich Dad Poor Dad author Robert Kiyosaki has issued a stark warning: the world may be on the brink of a financial collapse bigger than the 2008 crisis.Kiyosaki, known for his bold predictions and unorthodox financial philosophy, believes the fear of unemployment is spreading like a virus—infecting the economy just as much as emotions.And he claims this fear may be the precursor to a “New Great Depression.”“I hope I’m wrong,” Kiyosaki said in a recent statement. “But if I’m right, I want people to be prepared, not panicked.”The crash he saw coming?In his 2004 book Rich Dad’s Prophecy, Kiyosaki predicted a catastrophic market event triggered by an unstable retirement system and a ballooning global economy. That warning seemed prophetic when the 2008 Global Financial Crisis devastated markets. Now, he says, […]

[ad_1] MUMBAI: State Bank of India reported a net profit of Rs 18,643 crore for Jan-March quarter, down 9.9% from Rs. 20,698 crore a year ago, mainly due to a one-time provision for increased pension liabilities. The bank had implemented a uniform 50% hike in pensions and adjusted payouts for inflation through dearness relief neutralisation. As a result, total provisions rose 57% to Rs 12,643 crore, with Rs 7,100 crore allocated to pension adjustment.The bank has also announced its plans to raise Rs 25,000 crore through issue of new shares - its largest capital raise so far and the first major capital raise in over a decade. The board has declared a dividend of Rs 15.9 per share.Excluding the pension provision, the quarter showed stronger performance. Operating profit rose 8.8% to Rs 31,289 crore, supported by a 39.4% jump in […]

[ad_1] MUMBAI: Kotak Mahindra Bankreported a 14% year-on-year decline in standalone net profit to Rs 3,552 crore for the quarter ended March 2025, as rising provisions and narrowing margins weighed on earnings. For the full year, standalone profit after tax rose 6% to Rs 13,720 crore, excluding a Rs 2,730 crore gain from the sale of a stake in its general insurance unit.Including the one-time gain, annual profit rose 19% to Rs 16,450 crore. The board proposed a dividend of Rs 2.5 per share.On a consolidated basis, net profit for the March quarter dropped 8% to Rs 4,933 crore. For FY25, consolidated profit after tax rose 21% to Rs 22,126 crore, supported by a Rs 3,013 crore gain from the insurance divestment. Without this gain, profit was up 5% to Rs 19,113 crore. [ad_2] Source link

[ad_1] Smartphones and tablets will be the first two electronic consumer items to be brought under the 'Repairability Index' regime.The 'repairability index' is a label that manufacturers put on electrical and electronic equipment to inform consumers about the repairability of the entire product or its components.The index rates products on six core parameters - disassembly depth; repair information; availability of spare parts within a reasonable timeline; software updates; tools; and fasteners (types and availability).Index by original cos will enable people make informed choices A govt-appointed committee has recommended to the consumer affairs department a self-declared 'Repairability Index' by original manufacturers for these products to enable customers to make informed choices. The manufacturers will have to rate the devices on this index upfront so that consumers get full information, as per suggestions of the panel.As per the complaints lodged with National […]

[ad_1] India’s imports from Pakistan are set to drop to zero following a newly imposed trade ban by the central government, noted Ajay Srivastava, Founder of the Global Trade Research Initiative (GTRI), in a recent statement. "India's already minuscule imports from Pakistan--barely $ 0.5 million a year--will now drop to zero. No one in India will miss anything except perhaps Himalayan pink salt (Sendha Namak), extracted from salt deposits of Pakistan," Srivastava told ANI.This ban comes against the backdrop of long-standing trade restrictions. Following the Pulwama attack in 2019, India had imposed 200 per cent tariffs on Pakistani goods. As a result, trade between April 2024 and January 2025 dwindled to just $ 0.42 million, restricted mostly to niche items like figs ($ 78,000), basil and rosemary herbs ($ 18,856), and Himalayan pink salt."India doesn't depend on Pakistani goods, so […]

[ad_1] Kotak records 14 percent PAT decline in Q4 Kotak Mahindra Bank on Saturday reported a 14 per cent year-on-year decline in standalone net profit for the March quarter of FY25, posting Rs 3,552 crore compared to Rs 4,133 crore in the same period last year. For the full financial year ended March 31, 2025, the bank delivered a strong performance. Standalone net profit rose 19 per cent to Rs 16,450 crore, supported by a one-time gain of Rs 2,730 crore from the divestment of Kotak General Insurance (KGI). The bank’s net interest income for the March quarter increased 5 per cent year-on-year to Rs 7,284 crore, while for the full year it rose 9 per cent to Rs 28,342 crore. Net interest margin remained steady at 4.97 per cent for the quarter and 4.96 per cent for the year. […]

[ad_1] Tata Consultancy Services (TCS) has announced a strategic partnership with Kuwait-based Jazeera Airways to spearhead an AI-led digital transformation initiative aimed at elevating customer experience and improving operational efficiency.As part of the collaboration, TCS will revamp Jazeera Airways’ digital platforms, including its website and mobile apps, and roll out an advanced AI-powered chatbot designed to deliver a more intuitive and hyper-personalized travel experience for customers.Leveraging its expertise in artificial intelligence, platform engineering, and user experience design, TCS plans to craft a seamless digital journey tailored to modern travellers’ expectations.“By leveraging TCS' expertise in agentic AI and platform engineering, Jazeera Airways aims to unlock new revenue streams, enhance its digital channels, and deliver hyper-personalized customer experiences, positioning itself at the forefront of innovation and customer-centric transformation in the aviation sector,” the company said in a statement.Barathan Pasupathi, CEO of Jazeera […]

[ad_1] Markets regulator Sebi has imposed a total penalty of Rs 58.5 crore on four senior officials of Seya Industries Ltd, including promoter and Chairperson Ashok Rajani and his son, Amrit Rajani, for allegedly siphoning off funds and falsifying financial statements over multiple years, news agency PTI reported.In its final 122-page order issued Friday, Sebi found that Seya Industries diverted Rs 81.26 crore to companies linked to the promoter family — namely Whiz Enterprises, Aneeka Universal, and Shri Balaji Entertainments — under the guise of sales and purchases, or via undisclosed fund transfers during FY19, FY20, and FY21. These transactions were concealed and not reported as related party transactions in the company’s financial statements, violating several regulatory norms.The regulator levied a Rs 28 crore fine each on Ashok Ghanshyamdas Rajani (Chairman and Managing Director) and Amrit Rajani (CFO), Rs 2 […]