President Trump's impending tariff hike on steel and aluminium imports, effective June 4, is projected to significantly impact Indian metal exports, potentially costing $4.56 billion. The increased duties are expected to diminish the competitiveness of Indian manufacturers in the US market. India has notified the WTO and is considering further actions in response to the tariff increase.
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Little Caesars, the world's third-largest pizza chain, is set to launch in India this month, marking its 30th global market. Partnering with Harnessing Harvest, the Detroit-based brand will open its first outlet in the Delhi-NCR region. This expansion comes as India's pizza market is projected to reach $11.8 billion by 2033, dominated by players like Domino's and Pizza Hut.
Following recent turmoil stemming from incorrect derivative trade recognition, the Institute of Chartered Accountants of India (ICAI) will scrutinize IndusInd Bank's financial statements. The Financial Reporting Review Board (FRRB) will conduct the review for the fiscal years 2023-24 and 2024-25 to ensure compliance with accounting and auditing standards.
Coca-Cola is adopting an "all-weather" strategy in India to boost sales beyond the summer season, focusing on festivals and creating more consumption occasions. Despite early monsoons potentially impacting sales, the company aims to overcome seasonality by offering diverse product choices and healthier options.
Asian markets displayed caution amid tech-driven Wall Street gains, with trade headlines and geopolitical risks influencing investor sentiment. The US extended tariff exclusions on Chinese goods, while the Trump administration sought renewed trade proposals and a call between presidents.
Tata Sons' board has cleared company secretary Suprakash Mukhopadhyay of any ethical violations after reviewing an internal probe into his ties with Divinion, a family-owned financial firm. While Mukhopadhyay failed to disclose his connection, the board concluded there was no intentional breach of conduct. Concerns arose over potential conflicts of interest, given Divinion's links to current and former Tata employees.
Yes Bank shares plunged 7.4% to Rs 21.55 following reports of a 3% equity stake changing hands via block deals, potentially involving a PE investor.
American labour unions are resisting Artificial Intelligence. They want transparency and legal protection for workers. Unions fear job losses due to AI automation. Some unions have secured AI usage agreements. A lawsuit against Google and Character.AI is proceeding in the US. It alleges an AI chatbot's role in a teenager's suicide. This raises concerns about AI accountability.
India and the US are progressing towards a bilateral trade agreement, even as the impact of a US court order on potential tariffs is assessed. Commerce Minister Piyush Goyal highlighted the advancements alongside ongoing trade deal negotiations with the EU at the CII's Annual Business Summit 2025.
Indian markets experienced a surge in foreign portfolio investments during May 2025, reaching Rs 19,860 crore, marking the strongest month for inflows this year. Despite a negative cumulative FPI investment of Rs 92,491 crore from January to May, the May inflows signal a potential shift in investor confidence, driven by a declining US dollar and positive market developments.
Brazilian aerospace giant Embraer is planning to significantly increase its sourcing from India and may even establish a final assembly line if it secures a firm order for 200 aircraft from Indian clients. Currently, Star Air is the sole Indian airline using Embraer planes. The company is in talks with Air India, IndiGo, and several startups for potential orders.