Business updates

Business updates

India-EU FTA removes import duty on textile, leather in relief from 50% US tariffs

The removal of import duty on Indian textile and leather goods increases scope of sourcing by EU garment and shoe makers.>

Adani, Embraer sign MoU to build regional aircraft in India, set up assembly lines

Civil aviation minister K Rammohan Naidu said the collaboration marked an important step in India’s regional aircraft ambitions.>

India, EU seal ‘mother of all trade deals’ to benefit two billion people

The India-EU trade deal will reduce or eliminate tariff on 96.6% of EU goods, saving up to €4 billion in import duty. Here's a look at the key announcements.>

India-EU trade deal: Import duty on cars cut to 10% from 110%, with riders

India, at present, imposes import duty of 70-110% on cars.>

Adani Group, Brazil's Embraer to set up regional aircraft venture in India

The Adani-Embraer tie-up isn't just about assembling a regional aircraft but also about progressive technology transfer to a robust supply chain.>

Dario Amodei doubles down on AI risks, and calls out the industry

Even as Anthropic ships its powerful AI agent tool, its CEO warns AI could spiral quickly, with risks not only from rogue AI, but also irresponsible players.>

Govt plans hybrid ATMs to dispense small notes amid UPI overdrive

The plan to push more small denomination currency notes into the economy flies in the face of the government's digital payments agenda powered by UPI.>

VW to BMW brace for tough India market even after India-EU trade deal

Cracking India's car market dominated by Maruti Suzuki, and Tata Motors and Mahindra, is easier said than done even with India-EU trade deal in play.>

M&M leads decline in auto stocks as India-EU FTA said to cut import duty on cars

The India-EU FTA is said to include a clause reduce import duty on European cars to 40% from 110%, in what the market sees as a setback to Indian automakers.>

Nvidia invests $2 billion more in CoreWeave, offers new chip

CoreWeave will be among the first to deploy forthcoming Nvidia products, including storage systems and a new CPU.>

Credits : HTimes