Blog - Page 8 of 47

10 Apr

U-Turn: Trump Offers 90-Day Tariff Relief to Allies, On China it goes Up to 125%

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#TrumpTariffReliefNotoChina Washington DC: In a dramatic shift in U.S. trade policy, President Donald Trump declared a 90-day pause on certain tariffs while simultaneously ramping up tariffs on Chinese imports to an unprecedented 125%, effective immediately. The announcement, made Wednesday via Trump’s Truth Social platform, marks another escalation in the former president’s long-standing trade battle with China. While details remain unclear on how the tariff pause will be administered, Trump stated, “I have authorized a 90-day PAUSE, and a substantially lowered Reciprocal Tariff during this period, of 10%, also effective immediately.” The ambiguous statement triggered sharp movements in global financial markets,…

09 Apr

Mumbai ends Delhi’s run as most forgetful city, wedding saree, gold biscuit left behind in Ubers

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Wedding saree, gold biscuit among unique items left behind in Ubers in 2024 ● Pune 3rd most forgetful city, Hyderabad least forgetful among metropolitan cities Chandigarh: Uber today released the 9th edition of its Lost and Found Index, a snapshot of the most frequently forgotten items, the most forgetful cities, as well as the days of the week and times of the year when Uber riders tend to be most forgetful. Mumbai edged out Delhi to bag the title of the most forgetful city in the country, ending the National Capital’s two-year run at the top. Pune jumped up two…

09 Apr

IHCL EXPANDS PRESENCE IN UTTARAKHAND WITH THE SIGNING OF A GATEWAY HOTEL IN MUSSOORIE

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#IHCLUTTARAKHANDMUSSOORIE Chandigarh: Indian Hotels Company (IHCL), India’s largest hospitality company, today announced the signing of a Gateway hotel in Mussoorie, Uttarakhand. This will be a conversion project. Ms. Suma Venkatesh, Executive Vice President – Real Estate & Development, IHCL, said, “Mussoorie is one of India’s most sought-after hill stations and its easy accessibility from key cities makes it an ideal getaway destination. With this signing we strengthen our presence in Uttarakhand, offering an itinerary of Haridwar, Dehradun and Mussoorie. We are delighted to partner with Mr. I.M. Garg, Mr. Gagan Garg and Mr. Gaurav Garg for this project.” Strategically located…

09 Apr

The RBI rate cut coupled with the revision in stance to accommodative was a swift: CS Setty, SBI

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Chandigarh: C S Setty, State Bank of India Chairman, said on the RBI Monetary Policy - April 09, 2025“The RBI rate cut coupled with the revision in stance to accommodative was a swift, timely move and a forward guidance to the market to stay supportive against evolving global uncertainties. The revision of stance to accommodation will cushion the secondary impact of tariffs on domestic economy. With inflation under check, growth imperatives will take precedence in FY26." He Said that "On the regulation side market-based securitization framework for stressed assets, review of policy on gold lending and non-fund-based facility are timely.…

09 Apr

THIS AKSHAYA TRITIYA, MIA BY TANISHQ PRESENTS ‘FIORA’ INSPIRED BY NATURE’S BLOOMS

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#AKSHAYATRITIYAMIATANISHQFIORA ~Inspired by your bloom, crafted for new beginnings~ Chandigarh: With the arrival of Akshaya Tritiya and Baisakhi, Mia, from the house of Tanishq, introduces its latest collection, Fiora, celebrating the spirit of renewal and prosperity. Fiora – Inspired by Your Bloom is a tribute to the journey of every woman, capturing the essence of self-expression, fresh beginnings, and the vibrant energy of spring. Just as nature awakens with fresh blossoms, these festivals mark the promise of new opportunities—Baisakhi heralding the harvest season and a time of gratitude and abundance, while Akshaya Tritiya signifies endless fortune and success. Like the…

09 Apr

Bank of India is celebrating the 10th anniversary of the launch of PMMY

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#PMantriMudraYojana Chandigarh: The Pradhan Mantri Mudra Yojana (PMMY) has completed 10 years on April 08,2025. The scheme has been instrumental in transforming the MSME financing landscape in India. Over the past decade, PMMY has played a vital role in terms of access to credit for micro enterprises. The scheme’s tiered structure—Shishu, Kishore, and Tarun— has enabled the Bank to disburse affordable, collateral-free loans to entrepreneurs. PMMY has significantly expanded our bank’s outreach to the micro-enterprise segment. During the first five years of the scheme, we disbursed credit facilities aggregating to Rs. 18,923 crores to 11,59,636 borrowers under the scheme. Cumulative…

09 Apr

Mahindra Last Mile Mobility is India’s No.1 electric commercial vehicle manufacturer in FY25

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Chandigarh: Mahindra Last Mile Mobility Limited (MLMML), India's leading commercial electric vehicle (EV) manufacturer, has reaffirmed its market dominance in FY25 – the fourth time in a row. With its flagship brands Treo and Zor Grand, MLMML has driven electrification in the L5 category, contributing to a significant 24.2% EV penetration in the segment. This marks a substantial increase from 16.9% EV penetration in FY24. MLMML's market share in the L5 category stands at an impressive 37.3%, despite stiff competition from legacy players and new entrants. The company has achieved notable milestones, including: - Becoming the first to sell over…

09 Apr

India is emerging as an oasis in a turbulent world: NSE MD & CEO Ashishkumar Chauhan

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#NSEMDMUMBAINXT25 Chandigarh: Shri Ashishkumar Chauhan, MD & CEO of the National Stock Exchange of India (NSE), offered sharp insights into the Indian market's performance amidst global headwinds, investor sentiment, and future prospects. He shared views at the India Global Forum, Mumbai NXT25 Despite a $1.5 trillion dip from the peak, Chauhan emphasized the long-term growth trajectory of Indian capital markets. “In 2014, India’s market cap stood below $1 trillion. Today, it is nearing $5 trillion—demonstrating significant wealth creation,” he noted. Addressing concerns over foreign investor exits, Chauhan attributed the trend to global interest rate movements and a broader 'risk-off' sentiment…

09 Apr

MSDE Partners with World Economic Forum (WEF) to Launch India Skills Accelerator

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#MSDEWEFIndiaSkills Chandigarh: In a significant move towards accelerating India’s skilling goal, the Ministry of Skill Development and Entrepreneurship (MSDE), in collaboration with the World Economic Forum (WEF)’s, deliberated on the “India Skills Accelerator” initiative during a high-level roundtable at Kaushal Bhawan, New Delhi. The India Skills Accelerator will function as a national public-private collaboration platform designed to enable cross-sectoral efforts in unlocking innovative ideas and driving systemic progress on complex challenges that demand a multi-stakeholder approach. At its core, the Accelerator aims to catalyze change across three critical levels: i) by improving awareness and shifting mindsets around future skills needs,…

09 Apr

RBI Reduced Repo rate by 25 bps to 6%, Other changes also announced

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#RBIMPCcutRepoRate New Delhi: After a detailed assessment of the evolving macroeconomic and financial conditions and outlook, the MPC voted unanimously to reduce the policy repo rate by 25 basis points to 6.00 per cent with immediate effect; consequently, the standing deposit facility (SDF) rate under the liquidity adjustment facility (LAF) shall stand adjusted to 5.75 per cent and the marginal standing facility (MSF) rate and the Bank Rate to 6.25 per cent. The Reserve Bank of India (RBI) has cut the repo rate by 25 basis points, bringing it down from 6.25% to 6% - a move expected to ease…