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Business Standard
2 hours ago
- Business Standard
US tariff hike could pressure India's economy and banks, says CreditSights
India and the US have held five rounds of trade negotiations, with the sixth round scheduled later this month in India Rahul Goreja New Delhi Tariffs imposed by United States (US) President Donald Trump could weaken India's economic outlook, with pressure on key export industries likely to spill over into the banking sector, according to Fitch-owned research firm CreditSights, as reported by The Economic Times. Context Last week, the Trump administration announced an additional 25 per cent duty on Indian exports involving the import of Russian oil, effective August 27. This follows a prior 25 per cent tariff on Indian imports, raising the total duty to 50 per cent. Brazil is the only other country facing a similar tariff under the new US measures. Limited direct exposure, but sectoral pain ahead CreditSights noted that India's direct export exposure to the US is limited—about 2 per cent of gross domestic product—suggesting the broader impact could be 'manageable' due to the economy's reliance on domestic consumption and capital investment. However, several export-dependent sectors could come under pressure due to their reliance on the US market. These include: Textiles Jewellery Apparel Seafood Machinery and mechanical appliances Chemicals Auto components Banking sector implications The report also cited CreditSights' analysis (as of June 2025), which found Indian banks' exposure to these sectors to be under 10 per cent, indicating limited direct risk. However, banks could still face 'second-order' impacts, such as: A rise in credit costs, even if asset quality remains stable A likely slowdown in corporate loan demand, which was already subdued in Q1FY26 A possible decline in investor sentiment towards future investments These developments could weigh on credit growth and bank earnings, the firm said, as quoted by The Economic Times. Policy response in the works A trade pact between the two countries could help reduce the duties. India and the US have held five rounds of trade negotiations, with the sixth round scheduled later this month in India. Additionally, the commerce and industry ministry has firmed up support schemes worth approximately ₹25,000 crore under the Export Promotion Mission for a six-year period, according to a recent Business Standard report. The proposal has been submitted to the finance ministry for approval. Once cleared, the schemes will be rolled out after Cabinet approval, two people aware of the matter said.
Time of India
3 hours ago
- Time of India
Dubai dazzles as ET Indo Global Leaders 2025 celebrates global excellence
On August 6, Dubai's iconic Al Habtoor Palace played host to ET Indo Global Leaders 2025, a flagship initiative by The Economic Times. The high-profile gathering brought together global thought leaders, entrepreneurs, and policymakers for an evening dedicated to advancing cross-border collaboration, fostering innovation, and celebrating leadership excellence. Independence Day 2025 Before Trump, British used tariffs to kill Indian textile Bank of Azad Hind: When Netaji gave India its own currency Swadeshi 2.0: India is no longer just a market, it's a maker The programme opened with networking over tea, followed by a welcome address from H.E. Ismail Al Naqi, Director General of the Ajman Free Zone Authority. He remarked, 'India–UAE ties are not just trade or diplomacy—they are family. Rooted in trust, built on shared dreams, and driven by visionary leaders, this bond is a bridge to a future where success is sweeter when shared, and greatness knows no borders.' His words set the tone for the evening, leading seamlessly into a keynote monologue by Manu Nair, CEO of EthrealX, who underscored the power of visionary leadership and the need for holistic ecosystem thinking. Spotlight Wire H.E. Ismail Al Naqi addressing the gathering The first panel, 'Indo-Global Innovation Exchange', featured voices from education, agri-tech, and finance, including Manish Nath Tiwari, Founder, Kea Solution Inc; M. Narasimha Murthy, Executive Vice Chairman, Arca Global Indian International School; CA Bidhu Bhusan Nayak, Noted Financial Advisor; and Pratik Jena, Managing Director, Highland Agro Food Pvt Ltd. The panel explored building future-ready, collaborative ecosystems. This was followed by a unique session by Master Vani Kabir titled 'Ritual to Reality', focusing on spiritual frameworks for modern leadership. The next panel, 'The Power of Partnerships: India & UAE as Strategic Growth Hubs', featured dignitaries including H.E. Ismail Al Naqi; Sahitya Chaturvedi, Secretary General, IBPC-Dubai; and Jigar Sagar, Serial Entrepreneur & Ecosystem Builder, who discussed the evolving economic synergies between the two nations. The final panel, 'Women Who Lead', highlighted inspiring journeys of Indo-global women leaders such as Anooja Bashir, Founder & MD, Ourea; Genesis Velazco, Digital Creator; Tripti Shinghal Somani, Founder, Womennovator; and Master Vani Kabir, Founder, Vani Kabir Multiverse, showcasing leadership across borders. A brand showcase by Sajeev Nair, CEO of Vieroots, introduced wellness innovations designed for today's global professionals. Spotlight Wire (L to R): Manu Nair, Master Vani Kabir, Sajeev Nair The evening concluded with a grand felicitation ceremony, celebrating individuals and organisations driving meaningful impact through innovation, policy, and leadership. Live Events Spotlight Wire Top Image( L-R - Tripti Shinghal Somani , H.E. Ismail Al Naqi, Sahitya Chaturvedi & Jigar Sagar)Middle Image (L – R Deepti, Manish Nath Tiwari, M. Narasimha Murthy, CA Bidhu Bhusan Nayak, and Pratik Jena)Bottom Image (L -R -Tripti Shinghal Somani, Master Vani Kabir, Anooja Bashir & Genesis Velazco) List of recipients Akhilesh Sharma, Founder & CEO, Havendaxa Pvt Ltd. 'Proptech Fintech Leader of the Year' CA Bidhu Bhusan Nayak, Financial Advisor, Sparsh Healthcare Group. 'Trailblazing Excellence in Economic Strategy, Fiscal Planning and Corporate Advisory Services' Alen John, Co-Founder & Managing Director, JW Marine Logistics. 'Entrepreneur of the Year' Amit Marwah, Chief Executive Officer, DAYIM TRUCKS. 'Visionary Leadership in International Business' Anooja Bashir, Founder & CMO, Ourea. /Trailblazer in Brand Strategy' Anup Boppana, Director, Anvita Group. 'Young Achiever in Real Estate' Arhan Bagati, Founder-KYARI. 'Excellence in Social Impact' Ashok Singh Jaunapuria, Managing Director and CEO, SS Group Pvt. Ltd. 'Excellence in Real Estate Development' Ashutosh Behra & Kawaljeet Kaur, Business Head, One Source. 'Innovator in Turnkey Infra Services Under One Roof' Pratik Jena, Managing Director, Highland Agro Food Pvt. Ltd. 'Entrepreneurial Visionary Leading a New-Age Global Agro Export Group' CA Jyoti Prakash Mahapatra, Group Chief Financial Officer, Ruby Hall Clinic.'Excellence in Financial Governance & Compliance' OSL Group. 'Innovation & Excellence in Maritime Industry' Reddy, Managing Director, Sanctus World School. 'Excellent Emerging School- 21st Century Global Learning' Dhruvv Chawla & Jugender Singh, Founders, Molecule. 'Trailblazers - Indo Global Restrobar' Dr G Jegannathan, Executive Director, Ideal Flow Control Pvt Ltd. 'Excellence in Innovative Engineering and Profound Technology in Value Repair and Maintenance' Dr G Shunmuga Raja, Managing Director, Rightway Health International Pvt Ltd. 'Excellence in Leading Network Marketing Company' Dr Sajeev Nair, Founder Chairman, Vieroots Wellness Solutions. 'Global Wellness Thought Leader' Dr Ajayya Kumar, COO, Emircom LLC. 'Excellence in Management, Arts, Culture & Literature' Dr Dhiraj Jain, CEO, 1XL Infra & Real Estate Development LLC - Real Estate Dr Mamata Dhiraj Jain, Managing Director, 1XL Infra & Real Estate Development LLC - Real Estate Dr Mohan Chandar, Chairman, National Model Group of Schools. 'Innovative School of the Year' Harmeet Singh Malhotra, Managing Director, Today Logistics. 'Excellence in Customs Clearance and International Logistics' Hitesh Bang, Managing Director, Parampara - The Flavours of India. 'Leadership in Inspiring New-Age Veg Dining' Jagriti Motwani, Founder, Cha-Chi PR & Bhagva. 'Innovator of the Year- Spiritual Tech' Jay Mehta, Managing Director, Warner Music India. 'Most Influential Music and Entertainment Brand of the Year' Jayachandran Nair R, CEO, Trenser Technology Solutions (P) Ltd. 'Excellence in Digital Product Engineering' Umm Al Quwain Free Trade Zone (UAQ FTZ). 'Most Business-Friendly Industrial Free Zone of the Year' Khaja Yousufuddin, Owner, Spice 6 - The Arab Villagio. 'Trailblazer in International Cuisine – Arabian & Mediterranean' KM Noorden, Chairman, Ocean Rubber Factory. 'Leading Manufacturer in Industrial Rubber Solutions – Middle East' Luthfullah Kadher Basha, Director - Casagrand Dubai Zone. 'Excellence in Real Estate Innovation & Urban Living' M Narasimha Murthy, Executive Vice Chairman, Arca Global Indian International School Hyderabad. 'Outstanding Contribution to Indian Schooling' Manish Khurana, Founder, Innovations Venture Studio and LMD2 Capadvisors. 'Disruptive VC of the Year' Manish Nath Tiwari, Founder, KeaBuilder. 'Most Innovative Product of the Year' Manoj Jindal, Founder, Dzylo (Virtuate Technologies Private Limited). 'Interior & Construction Technology' Manu Nair, Co-Founder & CEO, EthrealX. 'Innovation & Excellence in Space Tech' Master Vani Kabir, Founder, Vani Kabir Multiverse Pvt Ltd. 'Master Global Healer 2025' Meenavalli Krishna Mohan, Founder & CFO, String Metaverse. 'Leading Web3 Company' Moksha Yadav, Managing Director, The Moksh International School. Excellence in Education' Pooja Chopra, Managing Director, Felix Impex & PNA Origine. 'Visionary Business Leader - Women Empowerment & Design Innovation' Pradeep Kumar V, Managing Director, Trenser Technology Solutions (P) in Digital Product Engineering' Preet Sandhu, Managing Director, AVPL. 'Tech Entrepreneur of the Year' Rajat Kumar Pruthi, CEO, International Security Organisation, ISO Group of Companies. 'Security & Facility Management' Reshma Bhaskaran & Sarath Mohanan, Co-Founders, Cornerstone Middle East. 'Infrastructure Asset Performance Services' Ena Kandhari Chief Designer & Founder. 'Excellence in Fine Jewellery' Sanjay Lingadalli, Managing Director, Ven Consulting Pvt. Ltd. 'Resource Augmentation Success Partner' Saurabh Luthra, Chairman/Founder, Being Bharat Romeo Lane Hospitality LLP - F&B Business Shweta Roy, Founder & Director, SR Queens Media Pvt Ltd. 'Empowering Women Entrepreneurs & Redefining Pageantry with Purpose' Sujit Routray, Co-Founder & CEO, 'Excellence in Deep Tech Innovation & Applied Research' Subhash Chandra Sehgal, Founder & Chairman, Ozone Pharmaceutical. 'Excel in Qualinomic Range of Cardio-Diabetic and Pain Management' Acharya Vinod Kumar, Renowned Vedic Visionary. 'Spiritual Guide & Philanthropic Leader' Bawarchi, Legendary Food Brand – Biryani Innovation & Legacy Sanjay Kantilal Sawant, Director, Ashoka Sthapatya Limited (ASL). 'Excellence in Complex Construction & Infrastructure Development' Anand Gadekar, MD & CEO, Efficient Fire & Security Solutions Ltd. 'Emerging Leader in Fire Safety' Shaktivel K, CEO & Co-Founder, Henox IT and Datacenters Pvt. Ltd - Excellence in Digital Infrastructure Development Air Touch V5 - Smart Air Purifier, Honeywell. 'Top Rated Air Purifier of the Year' Advocate CA Harsh Patel, Founder & CEO, Water and Shark. Global Legal Visionary in Asset Protection & International Tax' Parveen Singhal CEO, Lexus, New Delhi. 'Excellence in Luxury Automotive Retail' Pooja Gogia, Director, Shakkar. 'Pioneer in Curated Indian Sweets and Bespoke Gifting Experiences' ET Indo Global Leaders 2025 also marked the beginning of a promising partnership between The Economic Times and Gulf News, which was the regional media partner. The partnership was aimed at amplifying Indo-global collaboration through strategic editorial and digital engagement. The event was produced by Chic Events and Entertainment and supported by Womennovator as the Community Partner. The evening concluded with a curated supper and networking session, rounding off a powerful celebration of ideas, partnerships, and visionary leadership. Disclaimer - The above content is non-editorial, and TIL hereby disclaims any and all warranties, expressed or implied, relating to it, and does not guarantee, vouch for or necessarily endorse any of the content.
News18
4 hours ago
- News18
China, India In Talks To Resume Border Trade Of Domestic Goods After 5-Year Gap: Report
The deal, if done, would benefit local companies as they seek expedited essential input imports from China. India and China are discussing resuming border trade of domestic goods after more than five years, said Bloomberg in a report on Thursday, citing officials in New Delhi familiar with the matter. It has been learnt that the trade talks between India and China may soon start for a deal that could cover supply of critical rare earth magnets, pharmaceuticals and fertilisers. Pharma, fertilizers and critical rare earth magnets are the top three items on the agenda for talks, a report by The Economic Times said on August 14. The trade talks are a signal of easing tensions between the two Asian rivals. Notably, India's ties with China are improving at a time when New Delhi's ties with Washington are becoming strained over trade tariffs. The deal, if done, would benefit local companies as they seek expedited essential input imports from China. The officials of the two countries are speculated to meet this month. The timing of the deal could be closer to Prime Minister Narendra Modi's China visit for the Shanghai Cooperation Organization (SCO) Summit, ET said. Earlier, China's Foreign Ministry said Beijing is 'willing to step up communication and coordination with India" on resuming border trade after a gap of five years. 'Border trade between China and India has long played an important role in improving lives of the two countries' border residents," it said. Both sides have proposed restarting trade through designated points on the shared border, and the matter is currently under bilateral discussion, reports have suggested. The planned resumption marks another sign that relations between the two neighbors are gradually improving after both sides took steps last year to end border tensions. China and India are set to resume direct flight connections as soon as next month, Bloomberg News reported Tuesday, while Beijing has eased curbs on some fertilizer shipments to India. view comments First Published: Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
