Fast-fashion giant Shein - the Singaporean online fashion retailer - is ramping up manufacturing in India, reflecting a strategy move as companies reassess supply chains amid ongoing trade tensions and logistical challenges. The shift is part of a broader trend, as industries from consumer tech to aerospace increasingly look beyond...
U.S. Pushes for Trade Deal with India Amid Tariff Tensions
U.S. Commerce Secretary Howard Lutnick has called for a comprehensive free trade agreement (FTA) with India rather than a product-by-product approach, emphasizing the need for India to significantly reduce its tariffs across the board. Speaking at the India Today Conclave, Lutnick outlined the Trump administration's vision for a "big, grand"...
India’s Dr. Reddy’s Bids for Novartis India’s Business
Drug giant Novartis AG has initiated a strategic review of its India-listed subsidiary Novartis India Ltd, amid reports that it is considering selling its 71% stake in the Indian business. A Novartis India spokesperson confirmed that Novartis AG has commenced this strategic review to assess its shareholding in the listed...
India’s Stock Market Value Crosses $4 Trillion
India’s stock market value crossed the $4 trillion threshold for the first time in December this year, a significant achievement for the world’s fifth-largest equity market. This rapid growth has seen India close in on Hong Kong, whose equity measure has dropped 17% this year. With a $1 trillion increase...
India’s GDP Rose Over 20% in Q2
India's economy grew at a record pace in the second calendar quarter. Even as the country grappled with a devastating wave of Covid-19, GDP rose 20.1% in the three months to June 30, compared with a record contraction in the same quarter a year earlier. "The record year-on-year rise in...
Sourcing Opportunities from India Today
The U.S.-China trade war could lead to deeper trade ties between India and the U.S. In his speech on October 4 outlining the Administration's Policy Towards China, Vice President Pence said, "to advance our vision of a free and open Indo-Pacific, we're building new and stronger bonds with nations that...