Kumar Mangalam Birla, Chairman of Aditya Birla Group, joins the US-India Strategic Partnership Forum's Executive Committee, following his Global Leadership Award. The Aditya Birla Group, the largest Indian greenfield investor in the US with over $15 billion, is committed to expanding its American investments. USISPF leaders welcome Birla's expertise in strengthening US-India business ties and fostering innovation.
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China's exports experienced a faster growth in June, driven by a temporary easing of US tariffs, leading to a surge in orders before an impending deadline. Despite a decline in exports to the US, overall trade activity expanded, with exports to Southeast Asia and the EU increasing.
Kumar Mangalam Birla, Chairman of Aditya Birla Group, joins the US-India Strategic Partnership Forum's Executive Committee, following his Global Leadership Award. The Aditya Birla Group, the largest Indian greenfield investor in the US with over $15 billion, is committed to expanding its American investments. USISPF leaders welcome Birla's expertise in strengthening US-India business ties and fostering innovation.
Malaysia has placed immediate restrictions on the movement of high-performance AI chips from the US. This is to prevent unauthorized rerouting to countries like China. All movements of US-origin AI chips now need a permit. This move follows concerns about transshipment of chips via Malaysia. Malaysia is investigating reports of Chinese firms circumventing US export controls.
Prada has refuted claims of violating Geographical Indication (GI) rights linked to Kolhapuri chappals after showcasing sandals inspired by the traditional Indian footwear. The luxury fashion house responded to a legal notice from LIDKAR, asserting that their sandals were simply described as 'leather sandals' without any reference to the Kolhapuri region or techniques.
India faces trade deficits with most countries having free trade agreements. These partners contribute significantly to India's overall trade deficit. Newer agreements show better utilization compared to older ones. Reviews of trade pacts with ASEAN and Korea are underway. India's reliance on FTA partners has increased, with imports rising. Efforts are ongoing to balance trade and improve agreement utilization.
BSE and NSE shares have plummeted due to the Jane Street controversy, regulatory actions, and declining derivatives volume, resulting in a significant market capitalization loss. BSE has entered a bear market, while NSE approaches a substantial reduction.
Prime Minister Narendra Modi is set to visit London on July 24 to sign a free trade agreement with the United Kingdom, accompanied by Commerce Minister Piyush Goyal. The FTA, finalized on May 6, aims to boost bilateral trade to $120 billion by 2030 by eliminating duties on key exports and reducing import tariffs.
Eternal, parent of Zomato and Blinkit, sees net profit decline by 90% in Q1FY26. Revenue increases 70% to Rs 7,167 crore. The drop in profit is due to investments in quick commerce. Total expenses rise 15% YoY. Quick commerce NOV exceeds food delivery NOV. Hyperpure revenue rises 89% YoY. The company anticipates a temporary de-growth in B2B segment.
The government is preparing to establish the 8th Central Pay Commission. Consultations are underway with various ministries and state governments. This commission will revise the pay for central government employees and pensioners. The 8th CPC is expected to be implemented from January 1, 2026. The government revises dearness allowance twice a year to adjust for inflation.