New Delhi, July 13 (IANS) India is moving beyond low‑cost manufacturing toward building globally competitive capabilities, and a confluence of currency depreciation, expanded trade access and record public capex could accelerate a structural shift in the sector, a report said on Monday.The report from Carnelian Asset Management and Advisors said India’s first manufacturing-focused fund has delivered over 32 per cent CAGR since its inception in 2020.Manufacturing 2.0 is unfolding in real time…
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Mumbai, Feb 3 (IANS) Stocks of the Adani Group companies surged on Tuesday in early trade after the announcement of the India-US trade deal, led by Adani Enterprises Ltd (AEL), which traded near the upper circuit of 10 per cent.Adani Green and Adani Energy also gained more than 7 per cent as the stock market rallied. The gains trickled down to Adani Ports, Adani Power, Ambuja Cements and Adani Total, all of which rose by than 4 per cent.The investor sentiment in Adani Group companies was aided b…
New Delhi, Feb 3 (IANS) The India-US trade deal should help narrow the current account deficit, stabilise the rupee, and reduce India’s vulnerability to global shocks over time, a report showed on Tuesday.The US has decided to reduce the reciprocal tariff on Indian goods to 18 per cent from the earlier 50 per cent.The trade deal is structurally positive for India’s medium-term growth and external stability. Improved market access and tariff certainty are likely to boost exports, support manu…