Monday, September 14
BLS International, which provides tech-enabled services for governments and citizens, reported revenues of Rs 711 crore for the first quarter of financial year 2026, up 44% year-on-year.The company posted a net profit of Rs 181 crore, up 50% year-on-year.Launched in 2005, the Delhi-headquartered company has grown into India’s leading global service delivery partner, working with over 46 client governments and operating in more than 70 countries.“As we step into fiscal year 2026, completing two decades of purposeful growth, I am immensely proud of the impact we have created across borders,” said Shikhar Aggarwal, Joint Managing Director, BLS International Services Ltd.“From a single-country presence to becoming a trusted partner for over 46 client governments, we have stayed rooted
The US trade gap narrowed in June, government data showed Tuesday, as imports pulled back more than exports while businesses grappled with President Donald Trump's tariffs on allies and competitors alike.The overall trade deficit in the world's biggest economy narrowed by 16 percent to $60.2 billion, down from a revised $71.7 billion figure in May, the Department of Commerce said.The narrowing was more than analysts expected but largely reflected a drop in goods imports -- including consumer goods as Trump's wide-ranging tariffs added to businesses' costs of bringing in foreign products.In April, Trump imposed a 10-percent duty on most US trading partners and he has also slapped much steeper tariffs on steel, aluminum and autos.The June deficit narrowed on the back of a fall in imports, by
India has not been a good trading partner, said US President Donald Trump on Tuesday, adding that he would increase the tariff charged on imports from India from the current rate of 25% "very substantially" over the next 24 hours, given India's continued purchases of Russian oil."They're fueling the war machine, and if they're going to do that, then I'm not going to be happy," Trump told CNBC in an interview. He said that the main sticking point with India was that its tariffs were too high.This comes a day after Trump stated that he will "substantially" raise US tariffs on India, accusing it of buying massive amounts of Russian oil and selling it for big profits.India has sharply criticised the United States and the European Union, saying it is being unfairly singled out by them over its
The Business Confidence Index (BCI) rose sharply to 149.4 in the April-June period from 139.3 in the last quarter of 2024-25, according to the Business Expectations Survey of National Council of Applied Economic Research (NCAER). NCAER in a statement said the BCI is based on four components -- overall economic conditions to improve in next six months, financial position of firms will improve in the next six months, present investment climate and whether present capacity utilisation was close to or above optimal level. The share of positive responses across the four components remains above 60 per cent in the first quarter and also each component exhibited improving trend compared to the preceding quarter, the statement added. Majority of respondents expected production (78.7 per cent) and
