Business

NEW DELHI: IMF on Tuesday raised the global growth projection marginally, with the Indian economy too likely to expand more than what was estimated earlier. In its latest update, IMF said India is projected to grow 6.4% in 2025 and 2026, “reflecting a more benign external environment than assumed in the April reference forecast”. The…

L&T Q1 results: Engineering major Larsen & Toubro (L&T) reported a strong set of numbers for the June quarter of FY26, with consolidated net profit rising 30% year-on-year to Rs 3,617 crore. The bottom-line beat Street expectations, as did the company’s revenue, which rose 16% YoY to Rs 63,679 crore, surpassing estimates of Rs 62,950…

NEW DELHI: In a relief for exporters, the UK trade deal provides for restricting poultry imports from only certain parts of India, as opposed to all exports from the country, with a new audit system for shrimps expected to speed up shipments as individual units will not be subject to repeated audits once the national…

NEW DELHI: President Donald Trump on Tuesday said India may be hit with a tariff of 20-25% – a little lower than the 26% reciprocal tariff announced in April – but cautioned that the final levy had still not been finalised as the two countries negotiate a trade deal ahead of an Aug 1 deadline.“I…

India-US trade deal: Trump’s remarks come two days ahead of the August 1, 2025 reciprocal tariff deadline. India-US trade deal: Ahead of his self-imposed tariff deadline, US President Donald Trump has said that a trade agreement with India has not yet been finalized. “India trade deal not been finalized,” said Trump. Asked whether India would…

The International Monetary Fund (IMF) has revised its forecast for India’s economic growth to 6.4% for both 2025 and 2026 — up from 6.2% and 6.3%, respectively, projected in its April 2025 World Economic Outlook — reaffirming India’s position as the world’s fastest-growing major economy. The IMF also modestly raised its global growth outlook to…

NEW DELHI: Air India has begun conducting “online yoga” classes for its crew members, including pilots who have been under severe psychological stress post the June 12 Ahmedabad crash. The Directorate General of Civil Aviation (DGCA) had soon after that accident directed major Indian carriers to hold post trauma mental health workshop for their flight…

TCS layoffs: The company’s new bench policy has left many employees concerned about their job security. (AI image) TCS layoffs: Tata Consultancy Services (TCS) announced 12,000 layoffs recently, but there are fears amongst the company employees that the sackings may exceed that number. According to an ET Prime report, TCS employees are fearful that the…

US-China trade deal: The situation with China remains the most significant unresolved matter. (AI image) US-China trade deal talks: Following discussions in Stockholm, China’s chief trade representative announced on Tuesday that China and the United States have decided to maintain their existing tariff arrangements, extending the pause.The latest negotiations between Chinese and US trade representatives…

BENGALURU: The National Company Law Tribunal (NCLT) in Ahmedabad has admitted Catalyst Trusteeship’s petition against electric‑cab operator BluSmart Mobility for defaulting on dues of about Rs 1.28 crore. The tribunal’s order initiated the corporate insolvency resolution process (CIRP) and appointed NPV Insolvency Professionals Private Ltd as the Interim Resolution Professional (IRP).BluSmart, once a high‑profile player…