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[ad_1] AI generated representative image S&P Global Ratings has lowered the US GDP forecast for 2025, sharply by 50 basis points to 1.5 per cent, while raising its inflation forecast. For 2026, the US growth projection has been lowered by 20 basis points to 1.7 per cent.While there is an increased risk to the downside across all regions but S&P does not anticipate a material slowdown in growth. "We see a material slowdown in growth, but do not foresee a US recession at this juncture," the S&P statement said as quoted by news agency ANI.This growth projection by the rating agency S&P comes amid uncertainties arising out of the reciprocal tariffs announced by the US.Along with the US, S&P today lowered growth projections for several other large countries - India, Canada, Europe, Germany, Italy, the UK, China, Japan, among others."A […]

[ad_1] File photo: Japan's finance minister Katsunobu Kato (Picture credit: AP) Japan’s finance minister Katsunobu Kato has for the first time publicly floated the possibility of using the country’s vast US Treasury holdings, worth over $1 trillion, as a potential card in ongoing trade negotiations with Washington, reported Reuters.In a televised interview on Friday, Kato said the primary purpose of holding such large amounts of US government debt was to ensure Japan has enough liquidity for yen intervention if needed. However, when asked if the holdings might be used as a bargaining chip in trade talks with the US, Kato acknowledged, “We obviously need to put all cards on the table in negotiations. It could be among such cards.” He quickly added, “Whether we actually use that card, however, is a different question.”Kato’s remarks mark a shift from his previous […]

[ad_1] S&P had earlier adjusted India's growth outlook for 2025-26 downward to 6.5 per cent from 6.7 per cent. (AI image) S&P Global Ratingshas reduced India's GDP growth projection to 6.3 per cent for 2025-26, marking a 20 basis points decrease, whilst the forecast for 2026-27 has been lowered by 30 basis points to 6.5 per cent.It had earlier adjusted India's growth outlook for 2025-26 downward to 6.5 per cent from 6.7 per cent.The Reserve Bank of India has also revised its growth forecast downward for fiscal 2025-26 to 6.5 per cent from 6.7 per cent, citing trade-related uncertainties following the US announcement of reciprocal tariffs.During his second term, President Donald Trump has maintained his position on tariff reciprocity, stating that the US will implement matching tariffs on countries including India to ensure balanced trade. The implementation has been suspended […]

[ad_1] What sets this new PLI scheme apart is its structured incentives, strategically designed to support Indian manufacturers. (AI image) By Nikit Popli and Neetu SinghIn a strategic move to accelerate India’s vision of becoming a global electronics manufacturing hub, the Union Cabinet has approved a Production-Linked Incentive (PLI) scheme worth ₹22,919 crore for the manufacturing of electronic components vide Notification F. No. W/49/2024-IPHW dated 08 April 2025. This game-changing initiative targets critical segments such as sub-assemblies, foundational electronic components, and a resilient supply chain covering components like Printed Circuit Board, SMD passives, Li-ion cells and parts such as capacitors, inductors, resistors, connectors, magnetics, and more, areas where India has traditionally been heavily import-dependent. In addition to fostering the development of components and subassemblies, it also extends support to capital equipment & subassembly of equipment used in manufacturing, reinforcing an […]

[ad_1] Top stocks to buy (AI image) Stock market recommendations: According to Bajaj Broking Research, Eternal (Zomato) and KEI Industries are the top stock picks for today. Here’s its view on Nifty, Bank Nifty and the top stock picks for May 2, 2025:Index View: NIFTYIndian equity benchmarks during last week maintain a positive yet cautious bias, given the lingering geopolitical tensions and tariff related development. US Treasury Secretary Scott Bessent said that several top trading partners had made “very good” proposals to avoid US tariffs, with India likely to be among the first to finalize a deal which boosted sentiments.Going ahead, Nifty is expected to extend consolidation in the range of 24,550-23,800. With 23,800 being the confluence of last week’s low and recent breakout area. While 24,550 is the 61.8% retracement of the entire decline (26,277-21,744).We believe the current consolidation […]

[ad_1] Prime Minister Narendra Modi is set to inaugurate the Vizhinjam International Deepwater Multipurpose Seaport on today. Located in Thiruvananthapuram, Kerala, the port is billed as India’s first dedicated transshipment facility and is expected to significantly reduce the country’s dependence on foreign ports, especially for container handling. Developed at an estimated cost of Rs 8,867 crore under a public-private partnership with Adani Ports and SEZ Ltd., the port boasts cutting-edge infrastructure and a strategic location close to vital international shipping lanes.With its commissioning, Vizhinjam positions India as a new maritime gateway in South Asia, expected to rival major ports like Colombo and Dubai. Its natural depth of nearly 20 metres and proximity to global shipping routes make it ideally suited for large container vessels. The port has already demonstrated its operational capabilities, with trial runs beginning in July 2024 and […]

[ad_1] Stock market today (AI image) Stock market today: Indian equity benchmark indices, Nifty50 and BSE Sensex, opened in green on Friday, the first trading day of the month. While Nifty50 rose over 100 points to cross 24,400, BSE Sensex was above 80,600. At 9:19 AM, Nifty50 was trading at 24,424.00, up 90 points or 0.37%.BSE Sensex was at 80,679.58, up 437 points or 0.55%.Market experts anticipate range-bound trading with focus on individual stocks and sectors, primarily influenced by fourth quarter results.VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited says, “After the sharp market correction triggered by Trump’s reciprocal tariffs and the Pahalgam terror strikes, April has closed with above 4% gains in Nifty. This surprising resilience of the market has been primarily driven by the sustained FII buying for eleven trading days in a row taking the cumulative FII […]

[ad_1] New Delhi: India and EU are working to reduce trade and non-trade barriers as part of the proposed FTA, commerce & industry minister Piyush Goyal said, while asserting that the two sides are working to conclude talks by the end of 2025. "As we advance in our negotiations, our focus is on enhancing market access for businesses, promoting trusted and diversified supply chains, and deepening our partnership to drive the growth of our economies. We also discussed boosting innovation and competitiveness, and the critical role of investments and mobility in shaping a future-ready agreement," he said. [ad_2] Source link

[ad_1] MUMBAI: Eternal (formerly Zomato) saw its net profit drop 78% to Rs 39 crore in the March quarter from Rs 175 crore in the year-ago period on a consolidated basis as expenses shot up on the back of heavy investments in quick commerce business Blinkit. Revenue from operations increased to Rs 5,833 crore in Q4 from Rs 3,562 crore in the year ago period. [ad_2] Source link

[ad_1] New Delhi: GST collections grew by 12.6% - the fastest pace of expansion in 17 months - to reach a record Rs 2,36,716 crore in April, buoyed by an over 20% jump in mop-up from imports.Collections from domestic sources were 10.7% higher at a little under Rs 1.9 lakh crore, while gross import revenue rose to Rs 47,000 crore, up 20.8%. Refunds soared 48.3% to Rs 27,341 crore.On a net basis, collections rose 9% to Rs 2,09,376 crore.GST figs show economy’s resilience: FM Appreciating the efforts of officers, finance minister Nirmala Sitharaman said, “The figures showcase the resilience of Indian economyand effectiveness of cooperative federalism. Deepest gratitude to the taxpayers whose contributions and faith in the GST architecture drive the nation’s progress. Their contributions reflect a shared commitment to building a Viksit Bharat. Congratulations and sincere regards to the […]