Buisiness

Industry officials indicate that Chinese firms are considering exporting phones and electronic devices to the US from India. (AI image) Big win for ‘Make in India’! Chinese smartphone and electronics manufacturers have begun exporting products from India to West Asia, Africa and the United States—regions traditionally supplied by China and Vietnam—following consistent government encouragement and…

Taiwan has added Chinese tech giants Huawei Technologies and Semiconductor Manufacturing International Corp (SMIC) to its export control list, as tensions over trade and technology continue to rise between China, the US, and the island. The move means Taiwanese firms must now seek special permits before exporting goods to either company. Taiwan’s commerce ministry confirmed…

India’s household savings have slipped to a new low for the third consecutive year, falling to 18.1% of GDP in FY24, according to a report by CareEdge Ratings.On the other hand, household debt rose to 6.2% of GDP, almost twice as much as ten years ago, showing that more Indians are borrowing to meet their…

On Global Wind Day 2025, Union minister for new and renewable energy Pralhad Joshi stressed on the importance of wind energy and said that it is crucial to India’s clean energy plans and crucial to its ambition of becoming a global manufacturing hub.Speaking at a stakeholder meeting in Bengaluru, he said India needs reliable energy,…

Despite a heatwave sweeping across northern and eastern India, room air-conditioner (RAC) industry is heading into the second half of 2025 with low expectations. Although June saw a spike in sales due to the heat, patchy weather and unexpected rains in many areas have led major AC makers to cut their growth forecast to just…

India’s car industry could be in trouble as China’s stricter control over rare earth magnet exports and shipment clearances delays may slow down electric vehicle production, Crisil Ratings said.The rating agency said that a disruption of even over a month can affect EV launches, production and push back the sector’s growth trajectory.Rare earth magnetsRare earth…

NEW DELHI: The affordable housing segment in India’s 15 major tier 2 cities witnessed a sharp 54 per cent decline during the January-March quarter (Q1) of 2025, according to the latest analysis by real estate data firm PropEquity, quoted by ANI. Overall new housing supply in these cities dropped by 35 per cent year-on-year to…

NEW DELHI: The Unique Identification Authority of India (UIDAI) has announced a one-year extension of deadline for complimentary online Aadhaar updates.The initiative, deadline for which is now extended to June 14, 2026, enables citizens to upload documents without cost via the myAadhaar portal, benefiting numerous Aadhaar holders nationwide who wish to maintain current records.The UIDAI…

Banks could face an increase in credit costs in Financial Year (FY) 2026, primarily due to emerging pressures in the unsecured lending and microfinance sectors, according to an analysis by CareEdge Ratings. Despite these headwinds, banks are well-equipped to manage potential losses, supported by substantial provision buffers and high provision coverage ratios (PCRs). Public Sector…

The RBI’s Liberalised Remittance Scheme (LRS) governs foreign investments by individuals. (AI image) The Reserve Bank of India intends to strengthen regulations concerning international money transfers, that is, overseas remittances by Indian residents, with new restrictions on foreign currency deposits that involve lock-in periods.The RBI’s Liberalised Remittance Scheme (LRS) governs foreign investments by individuals, permitting…