MUMBAI: Dalal Street, which weathered a contagion effect from the tariff-triggered global market meltdown on Thursday, caved in on Friday as selling around the world’s markets intensified that affected investor sentiment in the domestic market also. After the US imposed a set of tariffs on almost all the countries around the world, China on Friday…
In a big move for the logistics industry, Delhivery has announced its acquisition of Ecom Express in an all-cash deal valued at Rs 1,407 crore. This deal, which marks the largest consolidation in the sector, comes at a time when Ecom Express has been grappling with financial difficulties and has recently cancelled its plans to…
NEW DELHI: A last-minute scramble by companies to beat Donald Trump’s reciprocal tariffs may have helped India come close to last year’s goods exports level of $437 billion, senior officials said Saturday.Apple is said to have shipped five planeloads of iPhones and other products to the US over just three days to stock up its…
UK automaker Jaguar Land Rover is pausing shipments of its cars to the US following the introduction of tariffs by Donald Trump’s govt. The Coventry, England-headquartered company is putting these exports on hold this month as it looks at ways to address the new trading terms, a spokesperson said on Saturday. The US govt introduced…
File photo – Piyush Goyal NEW DELHI: A significant part of the Rs 10,000 crore second fund of funds for startups is proposed to be reserved for seed funding of smaller players to support deep-tech innovation, commerce and industry minister Piyush Goyal said Saturday.The fund is to be set up by Sidbi, the govt-owned financial…
MUMBAI: Delhivery is acquiring rival Ecom Express in an all-cash deal for 1,407 crore, the company said in a stock exchange filing on Saturday. The transaction, which marks consolidation in the new-age logistics space, comes amid mounting troubles for Ecom Express, which stalled its public listing plans and laid off at least a few hundred…
Tata Capital, the financial services arm of the Tata Group, has filed preliminary documents with market regulator Sebi for a mega initial public offering (IPO) estimated at over Rs 15,000 crore. According to an ET Market report, the Tata Capital’s IPO, which will be conducted under the confidential pre-filing route, will include both the issuance…
Pamban bridge, India’s first vertical lift sea bridge, is set to be inaugurated by PM Narendra Modi on April 6, that is on Ram Navmi. Built by the Rail Vikas Nigam Limited to replace the now defunct old Pamban bridge, the new Pamban bridge is unique in many respects. Importantly, it re-establishes railway connectivity to…
China issued a scathing rebuke to the United States over its tariff hike, accusing Washington of economic bullying and warning of serious consequences for the global trading system. The response came as a global stock markets tumbled, with China attributing the sharp declines to President Donald Trump’s latest round of tariffs.China’s foreign ministry spokesperson Guo…
Jaguar Land Rover (JLR), the British luxury car manufacturer, announced on Saturday that it will temporarily halt shipments to the United States in April. The company is responding to the 25% tariff on vehicle imports that was imposed by the Trump administration, as it works on long-term strategies to mitigate the financial impact of the…
