US tariffs impact Banarasi saree exports, industry faces challenges

IANS | August 30, 2025 9:52 PM

Varanasi, Aug 30 (IANS) The world-famous Banarasi saree and silk industry is facing a severe impact due to tariffs imposed by the US. Following the imposition of tariffs, large orders from the US are being cancelled, and foreign traders have started returning shipments, say traders.

How one gesture by PM Modi sparked a wave of Japanese investment in India

IANS | August 30, 2025 9:01 PM

New Delhi, Aug 30 (IANS) Prime Minister Narendra Modi's visit to Japan continues to resonate beyond diplomatic corridors, as industrialist Baba Kalyani shared a powerful anecdote reflecting the Prime Minister's deep understanding of cultural nuances and his proactive diplomacy in promoting India as an investment destination.

India's Q1 GDP growth rate has come as a positive surprise: Rajiv Memani

IANS | August 30, 2025 7:02 PM

New Delhi, Aug 30 (IANS) The Indian Gross Domestic Product (GDP) growth number for the first quarter of the current fiscal at 7.8 per cent has come as a positive surprise, demonstrating the resilience of the Indian economy, Rajiv Memani, the President of Confederation of Indian Industry (CII), said on Saturday.

Economists hail India's unprecedented 7.8 pc GDP growth rate in Q1

IANS | August 30, 2025 6:41 PM

New Delhi, Aug 30 (IANS) Economists have hailed the unprecedented Gross Domestic Product (GDP) growth rate at 7.8 per cent in the first quarter of the current financial year (Q1 FY26), surpassing projections of 6.5 to 6.7 per cent by RBI and other institutions.