Business

Why Did India’s Mega Manufacturing Scheme Fail? The Production-Linked Incentive (PLI) scheme, launched in 2020, was India’s big bet on becoming a global manufacturing powerhouse. With cash incentives and tax breaks, the government hoped to attract companies looking to move away from China. However, four years later, the plan has fallen short, and officials have…

Is India Headed for a Trade War with the US? In a strong move against India’s trade policies, former US President Donald Trump has announced new reciprocal tariffs on Indian goods starting April 2. Trump claims that India has some of the highest tariffs in the world and that the US will now impose equal…

Why Did India’s Trade Deficit Shrink? The significant drop in India’s trade deficit is mainly due to a sharp decline in imports, which fell faster than exports. This marks the lowest trade gap since August 2021, according to the Commerce Ministry. The reduction comes despite global trade challenges and fluctuating demand in key sectors. While…

How Is India Maintaining Trade Growth Amid Global Challenges? A new United Nations Conference on Trade and Development (UNCTAD) report highlights that while global trade grew by $1.2 trillion in 2024, many developed nations struggled. In contrast, India’s trade momentum remained strong, with both goods and services showing positive growth in the last quarter of…

What Exactly Happened? IndusInd Bank recently found errors in its derivatives accounting, specifically in forex hedging. During an internal review, the bank discovered discrepancies in certain account balances, potentially affecting its net worth by around 2.35%—roughly ₹1,500 crore. This revelation followed RBI’s earlier directive to banks regarding their investment portfolios. To address the issue, IndusInd…

Thinking of Buying an Electric Scooter? This Might Be the Perfect Time! Ola Electric has come up with a fantastic offer for buyers looking to switch to electric scooters. As part of its Holi Flash Sale, the company has slashed prices across its popular S1 range, making them more affordable than ever. The biggest discount…

New Delhi: OpenAI has launched a suite of tools aimed at helping businesses and developers build AI-powered agents more efficiently. The tools focus on streamlining agent logic, orchestration, and interactions, making it easier to create agentic applications. Key Features of OpenAI’s New AI Agent Tools: Responses API – Combines the flexibility of Chat Completions API…

What Triggered the Stock Crash? IndusInd Bank shocked the market when it disclosed inconsistencies in its derivatives accounting. The bank underestimated the hedging costs of past foreign exchange transactions, resulting in an unexpected financial impact of up to ₹2,000 crore—about 2.35% of its net worth as of December 2024. Investors reacted swiftly, sending the stock…

India has taken a measured stance on US President Donald Trump’s threat to impose reciprocal tariffs starting April 2, pointing instead to ongoing trade deal negotiations between the two nations. Trade Talks in Progress India’s Strategic Approach Trump’s Stance on Reciprocal Tariffs During his address to the US Congress, Trump named India, Brazil, Canada, China,…