Monday, September 14
In a major step to boost tourism and people-to-people ties, the Philippines has decided to allow Indian tourists to enter the country without a visa. India, in response, will extend free e-visa facilities to travellers from the Philippines. Both nations also plan to launch direct flights between Delhi and Manila later this year to enhance connectivity. These developments were announced after bilateral talks between Prime Minister Narendra Modi and Philippine President Ferdinand R Marcos Jr. during the latter’s visit to New Delhi on Tuesday. The two countries formally elevated their ties to a strategic partnership during the meeting.“It is a matter of pleasure that today we have decided to elevate our relations to the status of a strategic partnership. A comprehensive action plan has al
Deloitte India on Tuesday projected India's economic growth at 6.4-6.7 per cent in the current fiscal citing robust domestic fundamentals and expanding global opportunities. It, however, said that India must monitor its trade exposure and be prepared for the outcomes of geopolitical uncertainties Strategic trade negotiations, notably with the UK in May and the ongoing talks with the US, and the highly anticipated deal with the European Union by the end of the year, will likely act as powerful multipliers of income, jobs, market access, and domestic demand. India's economic growth was at 6.5 per cent in 2024-25. Deloitte projects 6.4-6.7 per cent growth for FY 2025-26, driven by resilient domestic demand, easing inflation, and a bold push in domestic policy and global trade diplomacy, it s
New Delhi: India is looking to unveil a ₹20,000 crore long-term plan by September to shield its exporters from global trade uncertainties and fluctuations, officials said.A raft of measures aimed at facilitating easy access to export credit and tackling non-tariff barriers in overseas markets are being planned under the new Export Promotion Mission, the officials said.The government's initiative assumes significance in light of the commerce and industry ministry urging exporters to build and promote homegrown brands for coping with the 25% tariff levied by the US. "For the mission to operationalise as a scheme, more than ₹20,000 crore are required for the next five-six years. This is under consultation," said an official.The mission is being driven jointly by the ministries of commerce
Shares of Ather Energy fell 4.6% on Tuesday to hit a day’s low of Rs 380.80 on the BSE, after the company reported a net loss of Rs 178.20 crore for the first quarter of FY26, compared to Rs 182.90 crore in the same period last year.This indicates a 2.6% year-on-year reduction in losses.Ather Energy posted a 97% year-on-year (YoY) volume growth in Q1. The company sold 46,078 units, fueled by rising demand for its flagship model Ather Rizta and an aggressive retail expansion strategy.The company’s total income surged 83% YoY to Rs 672.9 crore in the quarter ended June 2025. A robust 117% increase in Adjusted Gross Margin to Rs 154.8 crore and a 1,700 basis point YoY improvement in EBITDA margin marked significant financial improvements. EBITDA losses narrowed to Rs 106 crore, and net lo
