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Time of India
5 days ago
- Business
- Time of India
Foreign Secretary Vikram Misri to visit Washington, DC from May 27 to 29
Foreign Secretary Vikram Misri will visit Washington, DC from May 27 to 29, to hold talks with senior officials of the US administration. The visit aims to build on the momentum from Prime Minister Narendra Modi 's February 2025 visit to the United States, which saw the launch of a wide-ranging strategic initiative , the India-US COMPACT (Catalysing Opportunities for Military Partnership, Accelerated Commerce & Technology) for the 21st Century. As part of this broader strategic push, both sides have pledged to double bilateral trade to $500 billion by 2030. Speaking at a press conference earlier this year with US President Donald Trump, the prime minister had noted the shared ambition to strengthen trade and economic cooperation, noting that 'our teams will work on concluding very soon, a mutually beneficial trade agreement.' by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Manufacturing Excellence with OMEA Award by ansoim & Manufacturing Today ansoim Learn More Undo A US official had earlier indicated optimism that a trade deal could be reached this year, according to a Reuters report. Pesident Trump, during his remarks in February, had also said that the two countries are close to a trade pact in the aftermath of Trump's reciprocal tariffs. Live Events
Time of India
5 days ago
- Business
- Time of India
NITI Aayog lays out a roadmap to support medium enterprises
NITI Aayog has proposed targeted technological, skilling and infrastructure interventions along with strategic support in finance to medium enterprises to unlock their full potential. In its report titled 'Designing a Policy for Medium Enterprises', prepared by the Administrative Staff College of India, Hyderabad, released on Monday, the Aayog has proposed introduction of a working capital financing scheme linked to enterprise turnover for medium enterprises, a Rs 5 crore credit card facility at market rates and expedited fund disbursal mechanisms through retail banks to help medium enterprise expand and improve efficiency. According to the report, the MSME sector contributes approximately 29% to India's GDP, accounts for 40% of exports, and employs over 60% of the workforce. However, the composition of the sector is disproportionately weighted with 97% of registered MSMEs being micro enterprises, 2.7% are small, and only 0.3% are medium enterprises. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Manufacturing Excellence with OMEA Award by ansoim & Manufacturing Today ansoim Learn More Undo However, this 0.3% of medium enterprises contributes nearly 40% of MSME exports, it said, emphasizing on the need to help medium enterprises scale up, innovate and play a strategic role in India's transition towards self-reliance and global industrial competitiveness under Viksit Bharat in 2047. 'Medium enterprises hold immense potential to shape India's economic future. By equipping them with the right resources, policies and support systems, India can unlock a wave of innovation, industrial growth and economic dynamism,' Suman Bery, vice chairman, NITI Aayog said. Live Events Calling for greater incentives for medium enterprises, the Aayog said that out of the 18 existing policies of the ministry of micro, small and medium enterprises only eight are available for medium enterprises, limiting their ability to scale up, innovate and improve efficiency. The report suggests establishing a dedicated research and development (R&D) cell within the ministry of micro, small and medium enterprises and allowing medium enterprises to leverage the Self-Reliant India Fund for taking up cluster-based projects of national significance. 'Development of sector-focused testing and certification facilities are needed to ease compliance and enhance product quality,' it said. Alignment of skilling programmes with enterprise-specific needs by region and sector, and creation of a dedicated sub-portal within the Udyam platform featuring scheme discovery tools, compliance support, and AI-based assistance will help enterprises on manpower requirements and navigate resources effectively, it added. According to the report, medium enterprises in India face key challenges including constrained access to tailored financial products, limited adoption of advanced technologies, inadequate research and development (R&D) support, lack of sectoral testing infrastructure, and a mismatch between training programmes and enterprise needs. 'These limitations hinder their ability to scale and innovate,' it said.
Time of India
5 days ago
- Sport
- Time of India
IPL 2025 PBKS vs MI Key Players: From Shreyas Iyer to Hardik Pandya, here are top names who could shape today's clash
Mumbai Indians and Punjab Kings will leave no stone unturned in their final league-stage clash on Monday, with both teams eyeing a coveted top-two finish in the Indian Premier League. With all four playoff spots already clinched by Gujarat Titans, Royal Challengers Bengaluru, MI, and PBKS — well ahead of schedule — the remaining league games now take on added importance in determining the final standings. Punjab Kings currently sit second on the table with 17 points, but a loss to MI could see them drop to third or even fourth, landing them in the Eliminator on May 30. Their route to a top-two finish is tricky — they must beat MI and also hope that both GT (18 points) and RCB (17 points) lose their respective final fixtures. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Highly Prestigious OMEA Award for Indian Manufacturers ansoim Learn More Undo Having suffered a defeat to Delhi Capitals in their previous outing, PBKS find themselves in a must-win situation. They'll also need to shore up their bowling, especially after failing to defend a target of over 200 in their last match. Mumbai Indians, meanwhile, are in a strong position thanks to their superior Net Run Rate. A win against PBKS, combined with defeats for GT and RCB, could catapult them into the top two. Live Events With short boundaries and a batter-friendly pitch expected to produce another high-scoring encounter, both teams' bowling units will be under pressure — and in that department, the Jasprit Bumrah-led MI attack appears to have the upper hand. Who are the key players of today's match Shreyas Iyer Across 13 innings this season, Shreyas Iyer has piled up 488 runs at a stellar average of 48.80 and a blistering strike rate of 172.44, featuring five half-centuries. His tally of 29 sixes and 37 fours reflects his attacking mindset and marks him as one of the standout performers of the campaign. Iyer's form showcases his ability to combine power with consistency — a trait that's been crucial for his team's success. As Punjab gear up for their final league clash against Mumbai Indians (MI) at the Sawai Mansingh Stadium on Monday, Iyer will be aiming to lead from the front and seal a top-two finish — a golden opportunity they let slip against Delhi Capitals at the same venue on Saturday. Priyansh Arya Priyansh Arya, born on January 18, 2001, in Delhi, India, is a left-handed opening batter and right-arm off-break bowler who has rapidly ascended in the Indian domestic cricket scene. Standing at 5 feet 10 inches and weighing 65 kilograms, Arya's cricketing journey began at the tender age of seven under the mentorship of Sanjay Bharadwaj, who has also coached notable players like Gautam Gambhir and Unmukt Chand. Arshdeep Singh The youngster played 3 matches for PBKS in the 2019 season and was retained by the franchise ahead of the 2020 IPL auction. A year later, Arshdeep continued his rise and went on to enjoy a fine run of form, taking his IPL wicket tally to 30 from 23 matches, leading PBKS to retain him ahead of the TATA IPL 2022 auction. The tall bowler is known to use his 6'3' frame to his advantage and PBKS will be hoping that he succeeds with the ball in the upcoming IPL. Mumbai Indians: Hardik Pandya Hardik Pandya began his IPL Career with Mumbai Indians where he spent seven seasons winning titles in 2015, 2017, 2019 and 2020. He was picked by Gujarat Titans in 2022 and named captain. He started off with a bang, leading them to a title win in their very first season. He continued to display his leadership abilities in the team's second season, guiding them to the final. Following two successful seasons with GT, Hardik moved to MI and was appointed captain. A terrific utility player Pandya can smash sixes at will and change the course of matches on his own. Jasprit Bumrah Jasprit Bumrah has been with Mumbai Indians since the start of his IPL career, making his debut in the 2013 season. He has played a pivotal role for the franchise, finishing as their highest wicket-taker in three title-winning campaigns — 2017, 2019, and 2020. Over the years, Bumrah has cemented his place as a key figure not just for MI but also for the Indian national team, emerging as one of the most reliable fast bowlers across formats and at every stage of the game. Rohit Sharma He joined Mumbai Indians in 2011 and took over the captaincy in 2013, leading the team to their maiden IPL title in his very first season as skipper. Over the next 11 years, he captained MI to multiple titles before being replaced by Hardik Pandya ahead of the 2024 season. Rohit remains MI's highest run-scorer and is one of only four batters to have crossed the 6,000-run mark in IPL history. PBKS vs MI squads Mumbai Indians: Hardik Pandya (c), Rohit Sharma, Suryakumar Yadav, Robin Minz (wk), Ryan Rickelton (wk), Shrijith Krishnan (wk), Bevon Jacobs, Tilak Varma, Naman Dhir, Will Jacks, Mitchell Santner, Raj Angad Bawa, Raghu Sharma, Corbin Bosch, Trent Boult, Karn Sharma, Deepak Chahar, Ashwani Kumar, Reece Topley, VS Penmetsa, Arjun Tendulkar, Mujeeb Ur Rahman, Jasprit Bumrah. Punjab Kings: Shreyas Iyer (c), Nehal Wadhera, Vishnu Vinod (wk), Josh Inglis (wk), Harnoor Pannu, Pyla Avinash, Prabhsimran Singh (wk), Shashank Singh, Marcus Stoinis, Harpreet Brar, Marco Jansen, Azmatullah Omarzai, Priyansh Arya, Aaron Hardie, Musheer Khan, Suryansh Shedge, Mitch Owen, Arshdeep Singh, Vyshak Vijaykumar, Yash Thakur, Kuldeep Sen, Xavier Bartlett, Pravin Dubey, Kyle Jamieson.
Time of India
6 days ago
- Automotive
- Time of India
Avoid metals segment for now despite decent results: Sandip Sabharwal
"On the commercial vehicle side, the cycle has been on a moderate growth cycle or a downturn sort of. Now, in the coming year the possibility of a positive surprise, I would say, is greater than that of negative surprise because one, as economic growth picks up, interest rates move down, it will definitely generate more economic activity and as such more demand for commercial vehicles ," says Sandip Sabharwal , Where within metals do you find strength, or would you say avoid right now? Sandip Sabharwal : Typically, I tend not to invest too much in commodity stocks and that includes most of the metals. So, although the outlook and results for majority of the companies have been decent, but I am not investing in this segment at this point of time. Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like ansoim - Manufacturing Today OMEA Award for Indian Manufacturers ansoim Learn More Undo There has been quite a bit of diversification within the entire auto pack with CVs doing one thing, passenger vehicles within that as well there has been quite a disconnect on what Maruti is and how you approach a Tata Motors or what M&M has emerged to be as a very-very strong SUV player and dominant one in the market and then Hyundai could not quite take off post its IPO. Help us analyse the entire four-wheeler space. Sandip Sabharwal: On the commercial vehicle side, the cycle has been on a moderate growth cycle or a downturn sort of. Now, in the coming year the possibility of a positive surprise, I would say, is greater than that of negative surprise because one, as economic growth picks up, interest rates move down, it will definitely generate more economic activity and as such more demand for commercial vehicles. Companies like Ashok Leyland I believe that the replacement cycle should now start playing out although many analysts have a divided opinion on that. But that said, the trough seems to have been reached, so the possibility of growth surprising on the upside could be positive. Live Events On companies like Mahinda & Mahindra, obviously, normal monsoons, etc, help them on the tractors, farm equipment side and their utility vehicle segment as it has been doing well. So, I believe M&M should continue to do well. And overall, if the rural buoyancy comes in and accelerates, then it would help the two wheelers also. But on the four-wheeler side, Hyundai has been losing market share because of lack of new models, etc, and that has helped some other companies actually gain market share because at one point of time Hyundai was taking huge market share away from many of the other four-wheeler companies. Maruti, M&M should do well and the dark horses could be the commercial vehicle companies. Just wanted to have your take on Balkrishna Industries as well because that counter will be in focus as the company has announced their foray into the truck and bus radial tyre as well as the passenger car segment and of late, we know that Balkrishna has a big presence in off-highway tyre segment and this is a new foray that they have announced to enter into the mass category and the margins in this particular category is, of course, way below than what Balkrishna holds around 25% of the margins. The valuations are at a lower level. Do you believe this can have an impact on the stock price on the negative side as well because the company did come out with their 2030 outlook. Will that give confidence to the investors or they will take this news negatively of their recent foray? Sandip Sabharwal: You have analysed the entire business quite well. So, they are in a high margin segment where they have reasonable market share and where entry barriers are high. They are entering into a segment where there are huge number of entrenched players, creating a brand itself will take a long time. Getting entry into OEMs will be tougher and then replacement market also will be tough for them and it will require a lot of branding exercises and margins obviously will be much lower. So, on balance, it is a negative trigger in the near term for the valuations of the company as well as outlook. Of late, have you been liking the OMCs counter because stocks like BPCL , HPCL , they are on the move. Sandip Sabharwal: OMCs have had a move. Now, if the crude oil prices start moving up or there is any fuel price cut that could be a negative trigger. So, I would think that at this point of time the bullishness is built into the OMC stocks.
Time of India
6 days ago
- Business
- Time of India
An 'Orgy of Corruption' and 'Walmart Steak': Inside Donald Trump's disastrous crypto dinner party
Donald Trump 's exclusive dinner party for investors in his $TRUMP meme coin turned into a spectacle of disappointment, with critics slamming it as an 'orgy of corruption' and guests complaining about the food and lack of access to the US president. Held Thursday evening at Trump National Golf Club in Virginia, the high-profile event gathered 220 crypto investors who collectively poured in $148 million for a chance to meet Trump and dine in style. Instead, many left underwhelmed—by both the meal and the man. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like ansoim - Manufacturing Today OMEA Award ansoim Learn More Undo Social media personality and prankster Nicholas Pinto , who says he invested $360,000 in the memecoin, attended the event and told WIRED and Fortune that it was 'the worst food' he's ever had at a Trump property. 'The only good thing was the bread and butter,' Pinto added, calling the steak 'trash' and likening it to something bought at Walmart. Attendees were promised filet mignon with demi-glace and pan-seared halibut with citrus reduction—but what was served allegedly failed to meet expectations. Despite being promoted as a high-end dinner and networking opportunity for independent traders and crypto executives, most guests had little to no interaction with Trump, who delivered a short 20-minute speech and exited promptly afterward. Live Events 'The speech was pretty much bullshit,' Pinto said. 'Trump could have at least given the top people their watches himself,' he added cryptically, without elaborating on what watches were involved. Only the top 25 investors were reportedly invited to a private VIP reception with Trump. Even Caitlin Sinclair, anchor at One America News Network (OANN) and the event's host, was unable to get a photo with him. Christoph Heuermann, a German entrepreneur in attendance, posted on Instagram that Trump 'enjoyed being celebrated' but didn't engage with the crowd. Senator Elizabeth Warren condemned the event, calling it 'an orgy of corruption' and a stark example of pay-for-access politics. 'This is corruption in its ugliest form,' she declared, raising concerns about ethical violations given Trump's unofficial appearance and the enormous sums guests had to spend for entry. Adding to the intrigue were a handful of notable guests, including Chinese crypto billionaire Justin Sun and former NBA star Lamar Odom. However, the full list of attendees remains confidential. Press Secretary Karoline Leavitt stated that the event was unofficial and therefore not subject to public disclosure. With an average investment of $1.8 million per guest, many in the crypto world are now questioning whether the evening was a groundbreaking networking opportunity—or just another overhyped, underdelivered Trump affair.
