HOUSEHOLDS AND FIRMS
Shein, Ford, Procter & Gamble and more: Full list of American companies raising prices due to Trump's tariffs
President Donald Trump warned of short-term pain resulting from his tariffs and that pain has arrived in the form of higher prices. A wide range of products — from car tires to clothing, many of which are produced in China — have seen price hikes in recent weeks as retailers face increased costs due to tariffs. Companies like Ford, Shein, Procter & Gamble, Amazon are some of the big names that are raising prices due to Trump's tariffs.
Gold-loan fintech firms spot a glimmer in RBI’s draft rules
Bengaluru-based Rupeek, Chennai-headquartered Oro Money, Noida’s Indiagold and Manipal Fintech of Gurugram are a few of the major startups operating in this space. Earlier this year Manipal Fintech onboarded Puja Abhishek Singh as its new chief executive officer. Singh joined the company from Paytm, where she was heading business operations.
Commercial LPG rates slashed by Rs 14.50, price of jet fuel cut by 4.4 per cent
Jet fuel prices in Delhi have been reduced by 4.4%, marking the second cut in a month, alongside a Rs 14.50 decrease in commercial LPG cylinder prices. These reductions offset earlier price increases, influenced by softening international oil prices due to concerns over global trade and demand. Domestic LPG rates remain unchanged, while petrol and diesel prices are frozen.
India's to grow at 6.6% in FY26 as tax relief supports demand amid trade uncertainty: Deloitte
Deloitte forecasts India's economic growth to remain steady at 6.6% in FY2025-26, balancing domestic tax stimulus against uncertain global trade. Tax incentives are expected to boost consumer spending, while potential tariffs on exports to the US pose a risk. The outcome of US-India trade negotiations will significantly influence India's economic trajectory.
"We're in a strong position": Trump teases trade deals with India, South Korea, Japan
US President Trump has revealed that the U.S. is in talks with India, South Korea, and Japan for potential trade deals as part of his broader tariff policy. Despite concerns about rising consumer costs, Trump insists the U.S. holds the upper hand in negotiations, claiming that many countries are eager to strike deals. Critics, however, warn that his unpredictable tariff strategy could harm long-term economic stability. The first of these potential deals could be announced soon, with Trump standing firm in his trade war approach.
Inside Reliance Retail’s reboot to 30-minute quick commerce
The retail arm of Reliance Industries helped the conglomerate post steady results for the March quarter, even as Jio Platforms missed expectations and the oil-to-chemicals vertical delivered in-line performance. Reliance Retail Ventures' net revenue for the period jumped 16% to Rs 78,622 crore, while segment profit increased 30% to Rs 3,519 crore.
First-ball sixes are normal for me: Vaibhav Suryavanshi
Vaibhav Suryavanshi, a 14-year-old cricket prodigy, has taken the IPL by storm, becoming the youngest centurion in T20 history with a blistering 38-ball innings. Unfazed by the big stage, he credits his parents' sacrifices and the Rajasthan Royals' support staff for his success. Suryavanshi aims to continue his hard work and contribute to the Indian national team.
Pet care startup Petjio World in talks to raise $1.5 million seed funding
Pet care startup Petjio World is seeking $1.5 million in its first institutional funding round, engaging with VC firms and family offices to fuel its expansion. The digital platform aims to address the growing demand in tier-2 markets by offering curated services like boarding, grooming, and vet consultations. This investment will support platform development and marketing efforts.
Global giants P&G to PepsiCo look to India for growth while small rivals speed ahead
Global giants are eyeing India for growth amid challenges in developed markets. Companies like P&G and PepsiCo see steady consumption in India. Government incentives and lower inflation are boosting growth. Small and regional players are also gaining market share. High inflation and cost of living pose challenges. Companies are mindful of regional competition. Low inflation can also help small brands.
Sharpening inequality now firmly embedded in nature of country's economic growth: Congress
Citing a World Bank report, Congress alleges that India's economic growth is marked by increasing inequality. Jairam Ramesh highlights the report's findings on poverty reduction but cautions against data limitations and the need for updated poverty lines.
The Ripple Effect of US tariffs: Economic growth, inflation, and global trade dynamics
US tariffs risk slowing growth, clouding inflation outlook, and weakening the dollar. Treasury yields rise amid capital flight. Global fiscal stimulus builds, boosting gold. Multinational and domestic consumption-focused companies could outperform as uncertainty and stagflation risks rise.
India shines as key growth market for consumer goods MNCs despite urban slowdown
Despite urban demand softness due to wage stagnation and inflation, India remains a key growth driver for multinational consumer goods companies like Unilever and P&G. Companies like Pernod Ricard and Heineken are also seeing strong performance, driven by premiumisation and volume increases, respectively, highlighting India's resilient market dynamics.
Local insights drive Google's global AI evolution as Gemini gains ground
Adoption in the country lags due to a lack of skills or guidance, difficulty getting started, and a lack of time or resources, a survey by Google and Kantar showed.
Nestle, rivals ease US price hikes in bid for anxious American shopper
Major household goods and food companies in the U.S. are slowing down price hikes, fearing shoppers will switch to cheaper store brands amidst economic uncertainty. Nestle and Unilever are carefully adjusting prices, acknowledging declining consumer confidence. Retailers' private-label brands are growing rapidly, outpacing national brands.
India’s Gen Z, millennials drive Nestlé’s cold coffee boom, fuel double-digit growth
Nestlé India reported surging demand for its cold coffee products, particularly among Gen Z and millennial consumers, driving high double-digit growth in its beverages segment for FY24. NESCAF?, the company's flagship coffee brand, strengthened its market leadership, attracting over 5.1 million new households. The rise in cold coffee consumption is creating new coffee-drinking occasions, contributing to record domestic sales.
US weekly jobless claims increase moderately amid low layoffs
U.S. jobless claims edged up slightly to 222,000, indicating a resilient labor market despite economic uncertainties fueled by tariffs. The data, influenced by holiday volatility and spring breaks, comes amid concerns that President Trump's trade policies could weaken hiring. While business confidence has waned, layoffs remain low, supporting the ongoing economic expansion, with continuing claims falling to 1.841 million.
Catch the nouveau riche! Income tax dept casts a new dragnet
India's burgeoning affluent class, particularly in smaller towns, is driving luxury goods sales, often evading income tax. To address this, a new tax collected at source (TCS) on luxury purchases exceeding Rs 10 lakh will take effect from April 22, 2025. This measure aims to enhance transparency, curb unaccounted cash transactions, and ensure tax compliance among high-net-worth individuals.
Gold tops Rs 1,00,000 with a little help From Trump
Retail prices touched ?1,03,000 for 10 gm of gold with a 3% goods and services tax (GST), an occurrence which does not augur well for sales on Akshaya Tritiya, an annual Hindu and Jain spring festival when it is considered auspicious to buy gold. Akshaya Tritiya falls on April 30 this year.
Uday Kotak hails Indian housewife as ‘smartest fund manager’ as gold hits Rs 1 lakh
Gold is regaining global attention as Uday Kotak hails Indian households for their instinctive investment in the metal, calling the Indian housewife "the smartest fund manager." As gold nears Rs 1 lakh/10g, Robert Kiyosaki also projects a $30,000 price by 2035, urging investors to buy gold amid global economic uncertainty, rising debt, and fiat currency concerns.
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