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Trade turns turbulent; here's how India is tracking the winds

Livemint

Livemint · 21d ago

Trade turns turbulent; here's how India is tracking the winds

India is developing a comprehensive global trade data intelligence system, Global Trade Watch, to navigate increasing trade volatility. This initiative, led by the commerce ministry, aims to provide real-time insights and early warnings about emerging trade challenges. Inspired by similar systems in the US, EU, and China, it will compile data from various ministries to monitor specific sector performances across goods and services, aiding in strategic export decision-making to mitigate conflicts, tariff wars, and export barriers.

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Asia manufacturing shows resilience amid trade turmoil—India surges, China slows

Livemint

Livemint · 3d ago

Asia manufacturing shows resilience amid trade turmoil—India surges, China slows

In July, Asia's manufacturing sector showed mixed results amid global trade tensions. India and Vietnam reported gains in manufacturing activity, while China's factory momentum weakened. Southeast Asia, however, faced challenges due to weak external demand and uncertainties in global supply chains. The S&P Global ASEAN Manufacturing Purchasing Managers’ Index climbed to 50.1, slightly indicating growth. Despite these challenges, some markets demonstrated resilience in a turbulent trade environment.

Trump’s warm embrace of India turns cold

Livemint

Livemint · 5d ago

Trump’s warm embrace of India turns cold

President Trump's relationship with India has deteriorated as he plans to impose a 25% tariff on the country and an unspecified penalty for its association with Russia. Initially, Trump praised India as a strategic ally, but trade disputes and India's ties with Russia have strained relations. Despite lingering value in the U.S.-India partnership, concerns over trade and disagreements about Trump's role in mediating recent India-Pakistan tensions have further complicated the diplomatic landscape.

Govt is working on a plan to fuel investments in startups

Economic Times

Economic Times · 1y ago

Govt is working on a plan to fuel investments in startups

India is working on an action plan to encourage investment in the startup sector. The plan includes scaling up the existing Startup India initiative and tracking performance indicators such as investments, number of startups, and employment generation. The Department for Promotion of Industry and Internal Trade (DPIIT) is leading the discussions on this plan.

NBFC India Factoring to leverage Yubi's tech stack to power trade finance

YourStory

YourStory · 8m ago

NBFC India Factoring to leverage Yubi's tech stack to power trade finance

Yubi Group has partnered with trade finance company India Factoring to expand cross-border trade receivables financing for Indian SMEs. The collaboration aims to enhance India Factoring's credit assessment capabilities and market reach with the help of Yubi Group's subsidiary, Accumn. Accumn's platform will provide access to real-time information for better credit decisions and tracking of borrower profiles. The partnership is expected to broaden India Factoring's reach and provide modern working capital solutions tailored to the unique needs of Indian businesses. India Factoring specializes in providing working capital solutions through receivables-based financing.

India bans all imports from Pakistan: Here's how it could hit Islamabad's economy hard

Business Today

Business Today · 3m ago

India bans all imports from Pakistan: Here's how it could hit Islamabad's economy hard

India has imposed a comprehensive ban on imports from Pakistan following a terror attack, citing national security concerns. This action is likely to disrupt Pakistan's pharmaceutical, chemical, and food sectors, heavily reliant on Indian inputs. Informal trade through third countries might also face challenges due to increased scrutiny. The trade relationship has been declining since 2019, with India exporting goods worth $447.65 million to Pakistan in FY24-25 while imports were minimal.

New regulation could stop abusers from stalking via connected cars

The Verge

The Verge · 1y ago

New regulation could stop abusers from stalking via connected cars

Federal Communications Commission (FCC) Chair Jessica Rosenworcel has proposed new rules to protect domestic abuse survivors from being stalked through their cars' location tracking systems. The notice of proposed rulemaking seeks input on the Safe Connections Act and how it can be used to address the issue of connected car services being used for abuse. The move reflects the growing concern over the misuse of GPS tracking features, with instances of survivors being tracked by abusive partners in internet-connected cars. Last month, Rosenworcel wrote letters to leading automakers and mobile service providers, asking about their policies on geolocation data and support for survivors. Congress is also taking an interest in the issue, as Senator Ed Markey urges the Federal Trade Commission to investigate automakers' data privacy practices.

Samsung unveils Galaxy Ring at MWC 2024: Here's all you need to know

Livemint

Livemint · 1y ago

Samsung unveils Galaxy Ring at MWC 2024: Here's all you need to know

Samsung has unveiled the Samsung Galaxy Ring, a revolutionary wearable device, at the Mobile World Congress 2024. This sleek and comfortable ring-style device focuses on health tracking and aims to provide users with comprehensive insights into their well-being. The Galaxy Ring offers features like pulse and body temperature monitoring, and it integrates with Samsung's ecosystem of smartphones and wearables. The company also plans to enhance the user experience by integrating AI across their product range. The Samsung Galaxy Ring will come in three colors and is set to offer additional fitness tracking capabilities through the revamped Samsung Health platform.

Berkshire Hathaway Board Votes to Keep Warren Buffett Chair, Greg Abel to Take Over as CEO By 2025-end

OutlookIndia

OutlookIndia · 3m ago

Berkshire Hathaway Board Votes to Keep Warren Buffett Chair, Greg Abel to Take Over as CEO By 2025-end

Warren Buffett has announced his intention to step down as CEO of Berkshire Hathaway, remaining as chairman. Greg Abel, a long-time executive overseeing the firm's non-insurance businesses, will succeed Buffett as CEO by the end of 2025. The transition was announced at Berkshire’s annual shareholder meeting. Despite the leadership change, the board’s decision to retain Buffett as chairman provides reassurance to shareholders, especially during turbulent market conditions prompted by geopolitical events and trade tensions.

US Trade rep urges India to ensure hardware import rules don’t hurt trade

Inc42 · 1y ago

US Trade rep urges India to ensure hardware import rules don’t hurt trade

At the 14th Ministerial-level meeting of the India-US Trade Policy Forum, US trade representative Ambassador Katherine Tai raised concerns over India's new import requirements for computers and tablets. She urged Commerce Minister Piyush Goyal to ensure that the policies do not restrict trade in the sector. Goyal cited national security concerns for the new import requirements. The implementation of the "import management system" was welcomed by Tai, who called for collaboration to ensure supply chain resilience. The government had imposed restrictions on imports of IT hardware last year, later deferring the implementation and implementing the new tracking system.

Pre-market action: Here's the trade setup for today's session

Economic Times

Economic Times · 1m ago

Pre-market action: Here's the trade setup for today's session

Indian equity markets saw mild gains on Wednesday. Foreign portfolio investors sold shares worth Rs 446 crore, while domestic institutional investors bought Rs 1585 crore. Positive developments in US-China trade talks and the India-EU FTA could influence market sentiment. The India VIX fell 2.5% to 13.67, indicating reduced market fear. Analysts suggest viewing any market dip as a buying opportunity, with crucial support at 24,850 and potential to reach 25,350.

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