Business

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,…

Is India’s Export Growth in Trouble? India’s export industry is feeling the heat from changing global trade policies. The United States and the European Union have introduced new measures that could hurt Indian businesses. The US is raising import tariffs and implementing trade restrictions, while the EU’s carbon tax is adding to the difficulties. According…

Why is Tesla Paying Such a High Rent? Tesla’s entry into India has been long-awaited, and it’s making a big statement with its first showroom. The showroom, located in Mumbai’s premium business district, comes with a hefty price tag—Rs 35.26 lakh per month in the first year, increasing to Rs 42.86 lakh by the fifth…

Impact of US Tariffs on TCS & Indian IT Sector The latest tariffs imposed by US President Donald Trump on Canada, Mexico, and China have intensified economic uncertainty for Indian IT giants like Tata Consultancy Services (TCS). Amid rising geopolitical risks, brokerage firms InCred Equities and JM Financial have downgraded their earnings forecasts for TCS,…

Tech billionaire Elon Musk has reportedly welcomed his 14th child with Shivon Zilis, an executive at Neuralink. The couple’s new son, Seldon Lycurgus, joins their other children, twins Strider and Azure, and their daughter, Arcadia. Musk’s Growing Family 3 children with Zilis (Strider, Azure & Arcadia)3 children with musician Grimes6 children with ex-wife Justine Wilson…

Fiscal Deficit & Government Finances Fiscal deficit reached 74.5% of the full-year target by January 2025.Net tax revenue collected: ₹19.03 lakh crore (74.4% of FY25 estimate).Total expenditure: ₹35.7 lakh crore (75.7% of estimate). Key Takeaways Despite slowing Q3 growth, India’s economy remains on track for 6.5% growth in FY25.Manufacturing & mining sectors are key areas…