Modi Renews Call for Indians to Buy Local Products Amid Tariffs
Modi urged citizens to buy, sell and promote Indian products, citing global economic uncertainty but without referring to US tariffs.
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Yahoo
17 minutes ago
- Yahoo
Apple set to dodge bulk of India tariffs
Apple (AAPL) is set to largely escape the Trump administration's upcoming promise of 50% tariff on goods made in India destined for the US. A White House official confirmed Wednesday that Apple's semiconductor-powered devices, which include its iPhone, will be unaffected by Trump's 25% 'reciprocal' tariffs set to go into effect Thursday. The same goes for an upcoming promise of an additional 25% levy related to India's use of Russian oil that is set to be in place in about 3 weeks' time. IPhones and other similar products will be subject to a separate tariff authority which has not yet been unveiled. Apple said during its most recent earnings call that it made the majority of its US-bound iPhones in India. The news comes after The White House announced that Apple will announce an additional $100 billion investment in US manufacturing during a 4:30 pm ET press event Wednesday. That's in addition to the $500 billion Apple said earlier this year it would invest in the country. Trump has criticized Apple's decision to move manufacturing from China to India and not the US, saying during his May trip to the Middle East that he had a 'little problem' with CEO Tim Cook. Other Trump administration officials have also lambasted Apple for not producing its phones in the US, with trade adviser Peter Navarro calling it the 'longest-running soap opera in Silicon Valley,' during a July interview with CNBC. But according to experts, it would take years for Apple to stand up a smartphone supply chain base in the US. What's more, there are no phone manufacturers in the country and not enough workers to fill the necessary roles. Todd Weaver, developer of Purism's Liberty Phone, a privacy-centric smartphone that uses US-built electronics, says it took his company years to set up the facilities and source the necessary components to ensure the phone's processing and communications features all come from America. Even so, he explained, the phone's body is still made overseas. Apple began expanding its supply chain beyond China following the lockdowns and disruptions caused by the COVID-19 pandemic. But it started specifically concentrating US iPhone manufacturing in India to avoid Trump's tariffs on Chinese goods. Apple hasn't been entirely immune from the impact of tariffs, though. In Q3, the company said it took an $800 million hit from Trump's levies and it expects an additional $1.1 billion in charges in the fourth quarter. While Apple might be able to dodge tariffs on goods out of India, the company isn't entirely out of the woods. The Trump administration is expected to unveil the results of its Section 232 investigation into semiconductor tariffs, which could impact everything from smartphones to automobiles. The exact timing for the tariff announcement is still up in the air, but Trump has said he could reveal them as soon as next week. Email Daniel Howley at dhowley@ Follow him on X/Twitter at @DanielHowley. Sign in to access your portfolio
Bloomberg
20 minutes ago
- Bloomberg
China's Baby Benefits Are Tiny. That Isn't the Point
No longer the most populous nation and confronted with projections that its citizenry will dwindle significantly in a couple of generations, China is trying something new. The message is more telling than the substance. Beijing announced last week it will subsidize households to have children. Babies born after Jan. 1 this year will receive 3,600 yuan ($500) annually until age three. While not a large amount, it represents a further step away from rules imposed in the 1970s that constrained fertility. There's much to be said for starting small and scaling up. It's not hard to see the money being increased — and extended to all children.
Entrepreneur
an hour ago
- Entrepreneur
Walmart Employee's 'Magic' Side Hustle Surpasses $1 Million
This Side Hustle Spotlight Q&A features 35-year-old New York City-based entrepreneur Mehek Khera. Khera is the founder and CEO of Niramaya Foods, a snack brand "rooted in wellness and inspired by Indian heritage." At the age of 24, Khera left New Delhi, India and immigrated to the U.S., where she landed a job at Walmart. Then burnout and health issues motivated her to start a health-forward side hustle. Niramaya is hitting $1 million in revenue for the first time in 2025. Learn how Khera transformed Niramaya into the successful business behind Naan pretzels and dips, here. Responses have been edited for length and clarity. Image Credit: Niramaya Foods. Mehek Khera. Want to read more stories like this? Subscribe to Money Makers, our free newsletter packed with creative side hustle ideas and successful strategies. Sign up here. What was your day job or primary occupation when you started your side hustle? I was working in retail at Walmart ecommerce, managing the category and supply chain for beauty and apparel. It was fast-paced, high-pressure and fulfilling in many ways — but over time, the long hours, lack of real food and stress began to take a toll on my body and mind. Related: This 26-Year-Old's Side Hustle Turned Full-Time Business Led to $100,000 in 2.5 Months and Is On Track for $2.5 Million in 2025 When did you start your side hustle, and where did you find the inspiration for it? Niramaya began to form in 2020, during a season of burnout and health struggles. I was dealing with chronic, undiagnosed autoimmune conditions and couldn't find answers. I left my job and turned to nutrition school — and through that, rediscovered the healing power of the foods I grew up with: vibrant dals, functional spices, sabzis made from fresh vegetables. I realized those recipes, passed down through generations, were medicine in themselves, and yet, I couldn't find them on any shelf in a way that felt clean, convenient or modern. That gap between culture and convenience, tradition and today, became the foundation for Niramaya. What were some of the first steps you took to get your side hustle off the ground? How much money/investment did it take to launch? I started in my kitchen, playing with recipes, taking feedback seriously and testing early versions at local markets. I knew I couldn't do this casually, so I saved up about $50,000 over two years to afford the minimum order quantities for our first co-manufacturer. I researched tirelessly, made hundreds of phone calls and eventually found a partner that aligned with our mission. We developed early packaging, launched a small website and put real products into people's hands. That's when the magic started. Related: This 29-Year-Old's Side Hustle Brought People 'to the Dark Green Side.' It Made $10,000 Within 2 Days and Sees 6 Figures a Month. Image Credit: Courtesy of Niramaya Foods Are there any free or paid resources that were especially helpful? Founder networks like Startup CPG, Naturally Network and SKU Accelerator made a world of difference. Slack groups for CPG founders were fast, brutally honest and incredibly supportive. On the tools side: Notion for tracking everything, Canva for design, QuickBooks for finances. But the most valuable resource by far? Talking to consumers face-to-face during demos. No software can replace that. If you could go back and change one process or approach, what would it be? I wouldn't change the path — every challenge taught me something I needed. But I would better prepare for the sheer resource drain. Budget twice the money and give yourself twice the time. Everything takes longer and costs more than you think — and that's not a flaw: It's just the nature of the game. Related: They Started a Side Hustle Producing an 'Obvious' Food Item. It Hit $300,000 Monthly Revenue Fast — On Track for Over $20 Million in 2025. What's something about this side hustle turned business that surprised or challenged you the most? How capital-intensive retail really is. Getting onto shelves is just the start — then comes the real work of driving velocity, educating the shopper and staying top-of-mind. Another challenge was re-educating people about Indian food. So many assume it's just "heavy curry." But our cuisine is so much more: vibrant, clean, gut-friendly, plant-forward. Translating that truth through packaging, product and language has been both a challenge and a privilege. Can you recall a specific moment when something went wrong — how did you handle it? At one of our early retail partners, our dips were priced too high and placed on the very top shelf — almost invisible to the consumer. Rather than panic, I calmly reached out to the buyer with sales data and shelf psychology insights and offered to support with demos and social posts if they would consider revisiting price and placement. They agreed. That moment reminded me that being proactive, respectful and solutions-oriented goes a long way in retail. Image Credit: Courtesy of Niramaya Foods How long did it take to see consistent revenue? We started seeing steady traction around nine months in. We began with smaller independents, a few regional stores and a lot of in-person events. It was grassroots, but it taught me how to listen, adapt and scale responsibly. What does growth and revenue look like today? Today, Niramaya is available in over 1,200 retail doors across the country, including Sprouts, Albertsons and a strong base of New York City independents. This will be our first year in seven figures. We're launching new SKUs and doubling down on retailers who believe in what we're building. What do you enjoy most about running this business? The deep creative satisfaction of building something that feels true and seeing it touch people. When someone says, "I've never tasted anything so clean and bold at once," I know we're doing something meaningful. We're not just selling food: We're shifting the perception of Indian flavors and bringing more people into the fold. Related: Tired of 'Culturally Obtuse' Products, This 27-Year-Old Took His Side Hustle From $1,000 a Month to 7-Figure Revenue: 'Pick the Right Opportunity to Pursue' What's your best piece of specific, actionable business advice? Start before you feel "ready." But don't build in a bubble. Get feedback constantly, especially from your customers. Stay lean. Build trust with your partners. Don't be afraid to ask dumb questions. And remember — relationships will carry you farther than any marketing campaign. Be generous, be honest and follow through. Ready to break through your revenue ceiling? Join us at Level Up, a conference for ambitious business leaders to unlock new growth opportunities.
