The recent imposition of a 50% tariff on a broad range of Indian goods by the Trump administration has sent shockwaves through India's export-oriented industries.
According to reports, while Trump's 25 percent tariff presents immediate challenges, India’s diversified economy and resilient domestic demand offer a ‘strong shield’.
India's central bank, the Reserve Bank of India (RBI), has maintained its key lending rate, the repo rate, at 5.5%, signaling a pause after a series of rate cuts. This decision was part of the bi-monthly Monetary Policy Committee (MPC) meeting.
In a significant regulatory action, the Insurance Regulatory and Development Authority of India (IRDAI) has imposed a penalty of ₹5 crore on Policybazaar Insurance Brokers Pvt. Ltd., a leading online insurance aggregator.
In a significant strategic move, Reliance Retail, led by Isha Ambani, announced its acquisition of the iconic American consumer durables brand, Kelvinator. This landmark deal is set to massively boost Reliance Retail's presence and offerings in India's rapidly expanding consumer durables market
