BUSINESS
India has advantage over Asian peers after US tariff hikes, reported by SBI
Most importantly, India has been subjected to the lowest tariff increase among major Asian economies. Compared to this, China has been slapped with a 34% duty, Thailand 36%, Indonesia 32%, and Vietnam a whopping 46%.
Trump Claims China 'Panicked' as Markets Tumble Further
The stock market response was quick and brutal. Wall Street experienced a sharp selling with all major indices declining over 3% during early trading. The Nasdaq Composite, which is weighted with technology stocks, dropped 4%.
LIC Refutes USTR Claims, Asserts No Special Treatment from Government or Regulators
In a statement issued on Friday, LIC made it clear that it is subject to the same regulatory regime as any other insurance firm. "LIC is treated equally like any other insurer by the Regulators and Government," the statement said, asking the USTR to make a more balanced and fact-based understanding of its role.
India's Services Sector Maintains Strong Growth in March
Meanwhile, the HSBC India Composite PMI Output Index rose to a seven-month high of 59.5, from February's 58.8, as another month of strong growth was recorded.
India Becomes World’s 2nd Largest Unicorn Hub, Total Valuation Tops $220 Billion
The report, launched by Nasscom and Zinnov in association with the 'Startup Mahakumbh' event, noted that unicorns represented 33% of the total funding raised in 2024.
India Ranks 2nd in Global Unicorn Creation, Total Valuation Exceeds $220 Billion
The report, authored by Nasscom and consulting firm Zinnov in conjunction with the 'Startup Mahakumbh' event, showed that unicorns represented 33% of the aggregate tech startup funding this year.
US Markets and Dollar Decline Amid Concerns Over Trump’s Tariff Policies
The total market capitalization of the U.S. stock market stood at $2.7 trillion as of midday, The Wall Street Journal reported. At that stage, the Dow Jones Industrial Average had shed 1,300 points, representing a 3.1% drop, as the tech-led Nasdaq plunged by 4.8%.
Office Space Leasing Surges 74% in Top 8 Cities in Q1, Driven by GCC Demand, Says Knight Frank
This increase was mainly driven by increasing demand from international companies setting up Global Capability Centres (GCCs), said a report by real estate consultancy Knight Frank.
China Slams US Tariffs, Promises 'Resolute Counter-Measures'
The ministry also urged Washington to cancel its unilateral tariff measures.
India's Venture Debt Market Surges 58% CAGR, Reaching $1.23 Billion in 2024
The Global Venture Debt Report 2025 puts the spotlight on the immense development of the market, and it points out that venture debt (VD) in India was at a value of only $80 million back in 2018. Bengaluru was the frontrunner, with 40% of all venture debt transactions, followed by Delhi NCR and then Mumbai.
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