Indian Cellular and Electronics Association seeks GST cut on air conditioners and television sets to improve affordability, boost domestic sales and enhance India's competitiveness in global markets

India electronics exports FY25, India mobile phone exports 2025, PLI scheme electronics impact, India export rankings, Ashwini Vaishnaw, electronics sector growth

Reliance Jio & Bharti Airtel extend prepaid validity, broadband benefits and postpaid bill grace for customers in Jammu & Kashmir, Ladakh and Himachal Pradesh while mobilising teams to restore network

telecom

The top ten industries accounted for 71 per cent of the manufacturing GVA in FY24, with a handful - basic metals, motor vehicles, chemicals, food products and pharmaceuticals - dominating

manufacturing sector

Tyagi is a professor at the Indian Institute of Science (IISc), Bengaluru, and cofounded $1.2 billion artificial intelligence (AI) startup Sentient

Himanshu Tyagi

Production ramps up, exports soar, and the US market takes 78% of shipments in the first half of 2025

iPhone, apple

Vinod Kumar, president of the India SME Forum, said outreach to about 100,000 members has drawn 1,035 responses, with entrepreneurs already mapping ways to cope with the tariffs

US trade deals, India trade policy, US India relations

According to a presentation made by the shipping ministry, 25 global CEOs and around 10 regional business leaders will meet the Prime Minister in October

shipping, trade, shipping industry

The tariff imposed by the Donald Trump administration is expected to wipe out the Indian industry's $6.6 billion export market to the US

auto components, auto sector

M&M stops wholesale supply of high-ticket ICE vehicles on sales drop, fear of cess loss

car manufacturing, cars, auto industry

Commercial vehicle dispatches from companies to dealers are expected to witness a volume growth of 3-5 per cent year-on-year in the current fiscal, rating agency Icra said on Wednesday.
Domestic commercial vehicle wholesale volumes reported a moderate 6.1 per cent year-on-year increase in July 2025, even as volumes declined sequentially by 2.7 per cent.
"ICRA expects the domestic CV industry to post a modest year-on-year growth of 3-5 per cent in wholesale volumes in FY2026, following a marginal 1.2 per cent decline recorded in FY2025," the rating agency said in a report.
Within this, medium and heavy commercial vehicle (M&HCV) trucks and light commercial vehicle (LCV) trucks are expected to see modest growth in the range of 0-3 per cent and 3-5 per cent, respectively, during the year, it added.
The buses segment, on the other hand, is likely to witness a comparatively higher growth of 8-10 per cent in FY2026, Icra stated.
While an uptick in construction and mining activities and

Truck

Domestic commercial vehicle wholesale volumes reported a moderate 6.1 per cent year-on-year increase in July 2025, even as volumes declined sequentially by 2.7 per cent

Issuing clarifications on the queries raised by customers related to the use of E20 fuel in vehicles tested and certified for E10, the company said it conducted 'rigorous' durability tests

Renault

MSMEs hopeful about first quarter performance and most don't think US tariffs will affect them

The Economic Survey said MSMEs face extensive compliance requirements and significant bottlenecks with access to affordable and timely funding being  some of the core concerns

"We are looking at it very seriously and taking inputs from the MSME ministry as well," a government source said

MSME Sector

Where irrefutable evidence is available to show that 'certificate of supplies' or 'invalidation letter' has not been utilized, fully or partly, there ought to be no hesitation in granting re-credit

exporters, trade, tariff

Business confidence among micro, small, and medium enterprises improved in the April-June quarter, backed by steady domestic demand and a supportive financial environment, according to the latest MSME Outlook Survey released by SIDBI on Wednesday.
The Composite MSME Business Confidence Index (M-BCI) rose to 63.75 during the quarter under review from 60.82 in the previous quarter. A value above 50 suggests positive sentiment.
Manufacturing and trading MSMEs drove the gains, while the services sector remained stable with a marginal decline, it showed.
The MSME Business Expectations Index (M-BEI), reflecting the outlook for upcoming quarters, stood at 62.19 for July-September and 67.88 for the first quarter of the next fiscal, suggesting sustained optimism despite headwinds like global tariffs and trade volatility.
A total of 88 per cent of respondents reported improved access to finance, up from 79 per cent in the previous round, the survey said.
The report also indicated that fewer

Sidbi

The Composite MSME Business Confidence Index (M-BCI) rose to 63.75 during the quarter under review from 60.82 in the previous quarter. A value above 50 suggests positive sentiment

Bank officers' union AIBOC has opposed the Centre's plan to privatise IDBI Bank, saying it endangers public trust, social justice and economic sovereignty while risking financial exclusion

IDBI Bank

SBI Chairman also urged the private sector to commence investment for capacity expansion, as the government has already taken several steps to boost consumption

CS Setty, SBI Chairman

The 50 per cent tariffs, which come into effect from August 27, have prompted officials to take proactive measures to mitigate the impact, said senior bankers

tariff, trade

Small Finance Banks reported a 76 per cent drop in Q1 net profit as provisions surged and net interest income weakened, while gross NPAs jumped nearly 70 per cent year on year

bank rbi small finance bank

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