Tuesday, March 17
Union Commerce and Industry Minister Piyush Goyal on Sunday dismissed criticism about India conceding more to the United States by agreeing to an 18% tariff, asserting that the move would help Indian goods gain a competitive edge, according to a PTI interview. Goyal said India was negotiating trade agreements from a "position of strength", highlighting that Indian exports would face lower tariffs than those from China, which is subject to a 35% tariff, and other countries facing duties of 19% and above.Speaking to PTI in his first interview after India and US reached a tariff agreement seen as a precursor to a broader bilateral trade agreement, Goyal said India today enters trade talks with confidence as a $4 trillion economy. “I start negotiations by saying we are a $4 trillion economy
New Delhi: Infrastructure major Larsen & Toubro (L&T) plans to commission 18 MW of data centre capacity by March-end, taking its total operational capacity to 32 MW by the end of the current fiscal.The total capital expenditure for the data centre stands at around Rs 1,000 crore.In the semiconductor business, L&T is focusing on design-led chips and engaging with multiple customers, with most spending being expensed through the profit and loss account, the company said during Q3 earnings conference call.As far as the electrolyser business is concerned, the company has developed a fully indigenous 4 MW stack and is upgrading it to 8-10 MW, expecting significant orders in the near term."As of now, we have almost 32 MW of capacity of Data Center, out of which 14 megawatts is up and
Prime Minister Narendra Modi's emphasis on avoiding "policy ping-pong" has shaped the Union Budget 2026-27, which is anchored in policy stability while laying the pathways for the long-term vision of a 'Viksit Bharat' at its core, Finance Minister Nirmala Sitharaman said.Framed as the first Budget of a new five-year fiscal cycle and the second quarter of the 21st century, it prioritises capital expenditure, infrastructure expansion and structural reforms over populist measures, while maintaining fiscal discipline.By emphasising predictable policymaking, sustained investment and multi-year planning extending to 2047 and beyond, the Budget seeks to strengthen economic resilience, crowd in private investment and position India for durable, export-led growth."People want stability, and that is
