Tuesday, September 08
Bollywood is bracing for a lacklustre Diwali week due to a dearth of big-ticket releases during the critical festive period, forcing it to rely heavily on mid-budget films that are still to garner strong audiences, said producers and industry observers. This would exacerbate the challenges for the industry reeling from the tepid box-office performances of recent big-budget offerings War 2 and Coolie.“Generally, the industry and its stakeholders look forward to big-ticket Diwali and Christmas releases given the festival period, and the tendency of audiences to go for big family outings,” said Rajesh R Nair, a film producer. “But this time, the situation is different. There are no big-ticket releases in the Diwali week.”“Except for horror-genre film Thama, there is no big release d
The US’ 50% tariffs on India come into effect today, with labour-intensive sectors expected to bear the brunt. ET looks at India’s trade with the US and how it fares viz-a-viz its competitors.India's top 10 exports (2024-25, IN $ BN) 123533267
Kolkata: The Indian banking industry remains cautious as the 50% US levy takes effect, but leading bankers do not see the tariff posing any significant threat to credit growth or asset quality.Banks' export credit outstanding stood at ₹12,021 crore at the end of May, less than 0.1% of the total bank credit of ₹183 lakh crore, Reserve Bank of India data showed.Hence, from a banking standpoint, the overall impact will be limited, barring client-specific stress, senior bankers said. They also expect the government to extend fiscal relief to affected exporters.About 13% of India's merchandise exports will face the elevated 50% US tariff. While 25% of the duty came into effect on August 7, the balance became operational Wednesday."There are four, five sectors that may face sharper impact. B
