Core sector output contracts in March on West Asia war

[ad_1] NEW DELHI: Amidst the conflict in West Asia, output in India’s eight core infrastructure industries contracted 0.4% in March, the first since last Oct, as four of the sectors registered a decline in production during the month, latest official data released Monday showed. Fertiliser output (-24.6%) saw the steepest contraction in March as plants … Read more

PSU insurers anchor pool to extend sea trade cover, commitments top $100mn

[ad_1] MUMBAI: Public sector insurers led by GIC Re and New India Assurance have anchored the Bharat Maritime Insurance Pool with commitments exceeding the targeted $100 million, while a $1.5 billion sovereign backstop from the govt remains central to its capacity to underwrite large risks. The pool aims to enable sea trade with countries in … Read more

Gen Z churn fuels GCC backfilling surge: Report

[ad_1] BENGALURU: High attrition among Gen Z employees is driving a surge in backfilling across India’s global capability centre (GCC) ecosystem, even as overall hiring demand witnesses a sharp rebound.A report by Quess Corp shows Gen Z tenure has dropped below 24 months, with companies facing a 40% replacement hiring rate-meaning nearly two in five … Read more

Billions to be paid! US starts refund process for Trump tariffs: Can Indian exporters claim?

[ad_1] To receive repayments, importers in the US are required to submit claims which include shipment details, applicable tariff classifications. (AI image) The US government has rolled out a system to facilitate refunds of over $166 billion from tariffs introduced by Donald Trump and later invalidated by the US Supreme Court. In February, the court … Read more

India Economy Growth: UN outlook: India’s economy to grow 6.4% amid global headwinds

[ad_1] India’s economy is projected to grow at 6.4 per cent in 2026 and 6.6 per cent in 2027, according to a United Nations report, indicating the country’s continued position as a key driver of growth in the Asia-Pacific region.The United Nations Economic and Social Commission for Asia and the Pacific (ESCAP), in its latest … Read more

India Us Trade Agreement: ‘Positive and productive’: India-US trade deal ‘almost done’ in Washington

[ad_1] India and the US are nearing a bilateral trade agreement, with negotiators reporting significant progress and only a few issues remaining. Discussions are described as positive and productive, focusing on market access and tariff alignment. This potential deal, aimed at boosting trade between the two nations, is expected to be a win-win, marking a … Read more

Conflict may impact trade: Niti Aayog

[ad_1] New Delhi: Geopolitical tensions in West Asia pose risks to India’s trade and macroeconomic stability by widening the current account deficit (CAD), exerting pressure on the exchange rate, Niti Aayog said on Monday.The Aayog in its quarterly ‘Trade Watch Oct-Dec (Q3) FY 2025-26’ report further said that geopolitical instability in West Asia has slowed … Read more