GTRI: US talks of trade deficit, but has surplus from India

[ad_1] NEW DELHI: While American President Donald Trump’s focus is on the $45 billion trade deficit with India, a paper released Monday estimated that the US “quietly rakes in” $80-85 billion from India through education, digital services, financial operations, royalty on intellectual property, and defence exports.“These massive earnings don’t show up in the narrow goods…

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Dalaal street back to winning ways

[ad_1] MUMBAI: The sensex closed higher for the second straight session on Monday, driven by gains in auto and IT shares amid easing global trade tensions and supportive domestic factors, including a bumper dividend from RBI and early monsoons. The sensex rose 455 points (0.6%) to close at 82,176, its highest level in over a…

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Niti backs finance plan for medium units

[ad_1] NEW DELHI: Niti Aayog, government’s policy think tank, recommended the introduction of a dedicated financing scheme to allow medium enterprises to avail loans at concessional rates. It also backed a credit card for such units with a Rs 5 crore limit for emergency needs.The report, released on Monday, stated that the scheme should be…

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Groww files IPO papers, eyes $1 billion

[ad_1] BENGALURU: Investment platform Groww has confidentially filed for an IPO with markets regulator Sebi, a newspaper advertisement showed on Monday. The offering is expected to raise between $700 million and $1 billion through a mix of fresh issue and an offer for sale, people familiar with the matter said. The proceeds will be used…

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‘Make in India’ defence boost: Advanced version of BrahMos missile may be manufactured in Uttar Pradesh; India & Russia begin talks

[ad_1] BrahMos, the supersonic missile, has proven that it cannot be intercepted. (File photo) ‘Make in India’ boost for defence sector: India and Russia are in discussions for manufacturing an advanced version of the BrahMos supersonic cruise missile, following its success in India’s Operation Sindoor against Pakistan.The advanced version of the BrahMos, which is a…

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