🗞️ Daily Business Brief – AUG 10, 2025
- Shrimp exporters seek govt aid as Trump tariffs threaten $2 bn of exports; India’s Seafood Export Association seeks urgent financial aid due to export disruptions.
- India backs Trump–Putin Alaska summit on Aug 15, hopes for Ukraine peace and reaffirms “not an era of war” stance.
- BEML secures first overseas rail & metro contract worth USD 1 million from Malaysia for MRT system retrofit and reconditioning.
- Govt forms panel to review export barriers amid global trade woes focusing on customs duties, GST & incentives.
- India races to push “big bang” reforms as US tariff heat intensifies; govt fast-tracks deregulation and trade deals with EU & UK.
- Govt set to announce ₹2,250 crore export promotion mission support measures soon.
- Kalyan Jewellers pauses debt reduction to focus on releasing non-core land assets used as bank collateral — ED Ramesh Kalyanraman.
- ICICI Bank raises minimum average balance for savings accounts in metros & urban areas to ₹50,000 effective Aug 1, 2025.
- India hits record annual defence production in FY25, up 18%, says Rajnath Singh.
- India seeks greater access for labour-intensive exports in West Asia & Europe to offset US tariff impact.
- India and Oman likely to announce FTA in less than 3 months.
- SEBI releases consultation paper to facilitate participation by resident Indians in Foreign Portfolio Investors (FPIs).
- Tata Motors and JLR among top tariff casualties in Q1, second only to Porsche.
- US gold futures retreat from all-time high; plans executive order to exempt gold bars from tariffs.
- Coforge clarifies no material impact on financial performance amid recent events.
- Donald Trump on Russia-Ukraine talks: “Some swapping of territories to better both sides.”
- Trump removes IRS Chief two months after confirmation; Treasury Secretary Scott Bessent acting commissioner.
- PM Modi invites President Putin to India later this year for Annual Bilateral Summit.
- Cabinet clears ₹2,157 crore highway project between Marakkanam and Puducherry.
- Union Cabinet approves ₹30,000 crore LPG under-recovery compensation to OMCs over FY26 & FY27 in 12 tranches.
- Brazilian President Lula calls PM Modi amid escalating trade tensions with USA; BRICS nations’ reaction awaited.
- PGElectroplast margin pressure expected due to early monsoon onset and reduced demand.
- VRL Logistics to issue bonus shares ahead of record dates next week.
- PNB to sell ₹5,000 crore NPAs to ARCs, targets minimum 50% realization — MD Chandra.
- Godrej Properties chair confident of strong balance sheet, will pursue attractive land-buying opportunities.
- Freight rates to US to rise 5–10% as Indian exporters rush shipments ahead of expected 50% tariff hike.
- India’s forex reserves see biggest drop of 2025 as RBI intervenes to stem rupee slide.
- Rice prices drop to lowest level in 8 years.
- Indian FMCG majors plan new manufacturing units for US exports as tariffs bite.
- Adani Power bags $3 billion Bihar thermal power project.
- US tariffs push Indian electronics makers to seek new markets amid pricing pressures.
- India’s textile exports under pressure as production shifts to Vietnam, Indonesia & Africa.
- Putin speaks with Xi, Modi & others ahead of planned meeting with Trump.
- Trump to impose ~100% tariff on chips & semiconductors this week.
- Morgan Stanley warns GDP hit of up to 80 bps if tariffs persist; $58B exports impacted, major sectors face severe pain; policy easing likely ahead.
🔔 Stay tuned — informed choices create winning opportunities.
