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Mahindra CEO Anish Shah backs govt's efforts in US trade talks
Economic Times
ยท
2d ago
Medial
Mahindra CEO Anish Shah expressed confidence in the Indian government's handling of US trade talks, anticipating a strong, positive outcome. Despite the US tariffs and geopolitical challenges like semiconductor shortages, Shah believes India and the US have strong relations and expects resolution. He commended the India-UK FTA as a successful example. Amidst US accusations regarding Russian oil, India maintains its commitment to fair trade while safeguarding national interests.
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India poised to emerge as global manufacturing powerhouse: M&M Group CEO-MD Anish Shah
Economic Times
ยท
1m ago
Medial
India is positioned to become a global manufacturing leader amidst geopolitical challenges, says Mahindra & Mahindra CEO Anish Shah. The country benefits from infrastructure growth, a young workforce, and favorable policies. Mahindra Group aims for global recognition, propelled by Indiaโs economic potential. The group experienced significant growth in FY25, with revenues and profits rising notably. Mahindraโs diverse sectors, including renewables and mobility, contribute to this growth, while key business areas continue to expand and innovate.
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We challenge OEMs to invest in India, compete with us: M&M's Anish Shah
Livemint
ยท
1y ago
Medial
Mahindra Group's CEO, Anish Shah, has thrown a challenge to global carmakers to invest in India and compete with local manufacturers like Mahindra in the electric vehicle (EV) segment. He expressed confidence in Mahindra's ability to compete with the best products in the market and highlighted the company's successful track record in India. Shah's comments come amidst speculation of an imminent import duty cut on EVs, which could attract foreign players to invest in the Indian market. Mahindra has already committed significant investments in its EV program and plans to launch five EVs by the end of 2024.
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Can bring in a hybrid in a โreasonableโ time frame if market demands: M&Mโs Anish Shah | Mint
Livemint
ยท
1y ago
Medial
Mahindra & Mahindra (M&M) is confident in its ability to bring a hybrid SUV to market in a reasonable timeframe and expects a strong demand for its upcoming electric vehicle range. The company's CEO, Anish Shah, stated that M&M can meet consumer demand for hybrids or other powertrains if needed. Shah's comments come amid a renewed interest in hybrid vehicles in India following a government directive on road-tax waiver. M&M reported a 20% YoY increase in operational profit for Q1, with market share gains and strong volume growth in its SUV, light commercial vehicle, and tractor segments.
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US to demand full market access for Amazon, Walmart's Flipkart in trade talks with India: FT report
Economic Times
ยท
3m ago
Medial
The United States is seeking full market access for Amazon and Walmart in India's ecommerce sector as part of bilateral trade negotiations. The discussions, linked to reciprocal tariffs, aim to ensure a level playing field for US ecommerce entities. Currently, India's policies permit foreign companies to operate only as marketplaces. The talks unfold amid a $125 billion market competition, US-India agreement outlines, and a significant trade deficit, with US efforts to bridge their trade gap.
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Deloitte South Asia CEO says trade and tariff disputes unlikely to persist indefinitely
Economic Times
ยท
17d ago
Medial
Deloitte South Asia CEO Romal Shetty believes that current trade and tariff disputes won't last indefinitely. He anticipates easing tensions in a few months, highlighting strengthened India-US relations due to shared interests and strategic geopolitical positioning. Both countries are negotiating a crucial trade pact, with another round of talks planned in August. Shetty is optimistic about resolving the disputes and sees India's strong position benefiting its strategic and geopolitical standing.
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India Inc Backs Government, Sees Limited Economic Impact Amid Indo-Pak Tensions
OutlookIndia
ยท
2m ago
Medial
India Inc supports the government amid India-Pakistan tensions, with CII President Sanjiv Puri expressing confidence in the economic resilience and strength of fundamentals. Despite potential short-term impacts, Puri emphasizes the robustness of supply chains and limited dependency on trade with Pakistan. Foreign investment might see cautiousness, but with India's strong economy, reforms, and trade agreements, any impact should be brief. India's national security efforts aim to enhance economic progress, Puri notes.
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Chartist Talks: Sudeep Shah of SBI Securities explains why he is bullish on Havells, Indian Hotels
Money Control
ยท
10m ago
Medial
Sudeep Shah of SBI Securities is bullish on Havells India and Indian Hotels. Havells India has broken out of a Cup pattern on the weekly chart, indicating strong bullish momentum, while Indian Hotels has seen a rebound from support levels with robust volume and momentum indicators. Shah expects the Nifty 50 to surpass the 26,000 level, driven by sector rotation in Nifty Bank, Nifty Financial Services, Nifty Auto, and Nifty FMCG sectors. He also shares his insights on Bank Nifty, Escorts Kubota, ICICI Bank, Kotak Mahindra Bank, and Mahindra and Mahindra.
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India should seek joint statement in US trade talks to avoid misrepresentation: GTRI
Economic Times
ยท
12d ago
Medial
India should approach trade talks with the US cautiously, learning from Vietnam and Japan's experiences, according to the Global Trade Research Initiative (GTRI). The GTRI advises New Delhi to demand a jointly issued written statement to prevent misrepresentation. A recent example highlights a discrepancy between Japan's understanding of a trade deal with the US and former President Trumpโs portrayal. The need for careful negotiation is emphasized as India continues its trade discussions with the US.
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'Strong nations can do what they want': Nilesh Shah on Trump tariffs, says India hit lower than most of its peers
Business Today
ยท
4m ago
Medial
US President Donald Trump imposed reciprocal tariffs on countries like India and China. Nilesh Shah, MD of Kotak Mahindra Asset Management, explained this action using a Sant Tulsidas quote, highlighting that powerful nations often act without facing criticism. While the US economy, reliant on consumer spending, might suffer from inflation and reduced wealth effects, emerging markets may experience stagflation. Conversely, the US might encounter a "hard landing," illustrating varied economic impacts globally.
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US team to visit India in August for next round of talks for trade pact
Economic Times
ยท
18d ago
Medial
A US team is set to visit India in August for further trade discussions, aiming to finalize an interim trade deal. Upcoming talks focus on the suspension of Trump-era tariffs, with India's negotiator Rajesh Agrawal and US counterpart Brendan Lynch deliberating. Key issues include US demands for agricultural duty concessions and India's push to eliminate tariffs on steel, aluminum, and textiles. The countries aim to conclude initial trade agreement discussions by fall 2023.
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