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Cut tariffs to soften US levies, say gems units
Financial Express Pune
|March 08, 2025
WITH A 13-15% difference in tariffs between India and the US for diamonds, precious stones and jewellery, the reciprocal tariff plan could hit India's exports hard.
The impending tariff hike by the US has forced industry bodies to urge the Centre to lower India's tariffs to a certain extent to minimise the US tariff hike.
The US accounts for 30% of India's annual gems and jewellery exports. Though a variety of products from the labour-intensive sector is exported to the US, the largest segment is cut and polished diamonds.
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FLERE HISTORIER FRA Financial Express Pune
Financial Express Pune
Musk: AI robots will eventually outnumber us
ELON MUSK, A longtime critic of the World Economic Forum's (WEF) annual event in Davos, Switzerland, appeared at the gathering for the first time on Thursday, and predicted that robots will eventually outnumber humans.
1 min
January 23, 2026
Financial Express Pune
Walmart to sell ₹9,173-cr stake in PhonePe IPO; Microsoft to exit
FINTECH MAJOR PHONEPE'S upcoming initial public offering (IPO) will see its parent Walmart partially offloading its stake, while investors Tiger Global and Microsoft Global Finance will look to sell their entire holdings.
1 min
January 23, 2026
Financial Express Pune
FIEO seeks aid for India-flag shipping lines
THE UNION BUDGET should provide policy and fiscal support for development of global-scale shipping lines that could save $40-50 billion annually through freight outflows, Federation of Indian Export Organisations (FIEO) has suggested.
1 min
January 23, 2026
Financial Express Pune
AI gets a seat at the C-suite hiring table
Algorithms do leadership searches but the final call stays human
1 min
January 23, 2026
Financial Express Pune
Global OEMs coming to India for testing
IN A NOTABLE shift, foreign automotive OEMs are now coming to India to test their vehicles. For many years, Indian automotive OEMs had to send their vehicles abroad for testing, but that trend is changing.
1 min
January 23, 2026
Financial Express Pune
Trump's Board of Peace off to a rocky start in Davos
G7 COUNTRIES OPT TO STAY ON THE SIDELINES
1 min
January 23, 2026
Financial Express Pune
RBI conducts $2-billion-plus foreign exchange swaps to blunt intervention hit
THE RESERVE BANK of India has conducted more than $2 billion in foreign exchange (Fx) swaps over the last two days to offset the drain in liquidity caused by spot dollar sales, bankers said, suggesting a focus on containing currency pressures without exacerbating banking liquidity tightness.
1 min
January 23, 2026
Financial Express Pune
Emergent eyes production-grade AI software
EMERGENT, A YEAR-OLD artificial intelligence (AI) startup founded by Dunzo co-founder Mukund Jha, is positioning itself around the idea that the next phase of software creation will be driven by non-programmers building full-fledged applications using Al, ratherthan developers writing code line by line.
1 mins
January 23, 2026
Financial Express Pune
Balaji Wafers sells ₹2,500-cr stake
General Atlantic takes 7% in firm
1 min
January 23, 2026
Financial Express Pune
Vi hikes family postpaid tariffs
Hikes of 7-9% likely; focus on higher-end plans
2 mins
January 23, 2026
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