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INDIA NEWS | Fri, 8 Aug 2025, 3:08PM IST Five years on, new realities have emerged, ones that demand urgent attention. And the time has come to revisit the policy's implementation with courage and clarity

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INDIA NEWS | Fri, 8 Aug 2025, 3:08PM IST The committee on Minimum Support Price (MSP), headed by former agriculture secretary Sanjay Agrawal, has held 45 meetings so far, Agriculture Minister Shivraj Singh Chouhan said on Friday in Rajya Sabha. The committee was established in July 2022, eight months after the government promised to set up such a panel while withdrawing the three contentious farm laws. "Overall, 45 meetings, including 39 sub-committee/ sub-group meetings have been held till date," Chouhan said in his written reply to the Upper House. The minister asserted that the government is committed that the full benefits of MSP reach the farmers of the country. The minister explained that the committee was constituted to give suggestions on making the MSP system more effective and transparent. Additionally, the committee was asked to examine the feasibility of giving greater autonomy to the Commission for Agricultural Costs and Prices (CACP) and ways to make it more scientific. "With a view to ensuring higher pric

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INDIA MARKET | Fri, 8 Aug 2025, 3:00PM IST Capital markets regulator Sebi chief Tuhin Kanta Pandey on Friday called for redefining the role of independent directors, emphasising that they must be regarded and treated as stewards of accountability. "We cannot continue to view them as honorary appointees or friendly critics. They must be viewed and treated as stewards of accountability," Pandey said while addressing the 2025 Annual Directors' Conclave. According to him, this transformation requires a change in multiple areas. Independent directors must feel free to dissent and be well-versed in emerging risks such as AI governance, cyber threats, and ESG disclosures. Their orientation should be ongoing, rather than limited to a one-time induction. Pandey stressed the need for broader diversity in board composition, drawing talent from varied sectors, younger professionals, regional voices, and individuals outside familiar networks. "A board that never disagrees is not aligned - it's asleep. Divergent views, when rooted in ...

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INDIA MARKET | Fri, 8 Aug 2025, 3:00PM IST Kalyan Jewellers India Ltd, Varroc Engineering Ltd, Cigniti Technologies Ltd and Coforge Ltd are among the other losers in the BSE's 'A' group today, 08 August 2025.

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INDIA BUSINESS | Fri, 8 Aug 2025, 2:57PM IST Chennai-based real estate firm DRA Group has signed a pact with Philippines-based Balajadia Family office to jointly develop a commercial project with an estimated investment of USD 100 million. In a statement, DRA Group said it has entered into a strategic cross-border partnership with Balajadia Family office, global investors and entrepreneurs from the Philippines. "The collaboration, formalised through a Memorandum of Understanding (MoU), will see the joint development of 1 million square feet of Grade-A commercial and retail space in India under Phase 1, with an estimated investment value of USD 100 million," the statement said. The MoU was signed at the Philippines-India Business Forum in Bengaluru. This equal joint venture will be executed through a special purpose vehicle (SPV) platform. "The collaboration allows us to combine local expertise with global capital to drive sustainable real estate growth," Ranjeeth Rathod, Managing Director of DRA, said.

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GLOBAL NEWS | Fri, 8 Aug 2025, 2:56PM IST The Russian economy was slowing even before President Trumps latest threats. But the Kremlin has enough money to keep fighting in Ukraine.

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INDIA MARKET | Fri, 8 Aug 2025, 2:51PM IST Info Edge (India) reported a 27% year-on-year increase in consolidated net profit for the June quarter, reaching Rs 296 crore. Revenue also saw a 17% rise to Rs 791 crore. Standalone billings grew by 11.2%, with recruitment business increasing by 9.0% and non-recruitment portfolio growing by 17.6%. However, the recruitment segment faced headwinds and a sectoral slowdown.

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INDIA NEWS | Fri, 8 Aug 2025, 2:49PM IST Despite India being labeled the "tariff king," Fitch Ratings has estimated that the US effective tariff rate for all countries currently stands at 17% after the latest reciprocal tariff announcements, The Times of India reported. Before August 27, Indian goods faced an effective US tariff rate of 20.8%, including exempted products.In 2024, the latest year with data available from the World Trade Organization (WTO), Indias simple average tariff was estimated at 16.2%, with agricultural products at 36.7% and non-agricultural goods at 13%. Following the February Budget, this average is expected to have declined further.According to the WTO database cited by TOI, the average US tariff in 2024 was 3.3%, with farm goods facing a 5% levy and non-agricultural products attracting a 3.1% import duty. However, additional duties exceeding 10% for most countries are set to push the average tariff higher. India and Brazil face an additional 50% tariff, while China and South Africa are in the 30% bracket.Though the US average tariff remains lowreflecting its long-standing support for low tariffscertain goods face steep levies. For example, peanuts in shells have a Most Favoured Nation (MFN) duty of 54.6%, which will rise to nearly 105% for India and Brazil following the reciprocal tariffs. Peanut butter attracts a 44% customs duty, while various footwear categories face tariffs of 37.5% on an MFN basis.Other products with high duties include dates, apricots, and dried onions at around 30%, womens trousers and some tracksuits at 28.2%, and boys trousers and bovine meat in the 26-27% range. Complex tariff structures apply to items like wristwatches, involving a mix of specific and ad valorem duties.The new tariffs are widely viewed as a revenue-generating measure by President Donald Trump, with customs revenue hitting $30 billion (around Rs 2.5 lakh crore) in July. US Commerce Secretary Howard Lutnick told TOI in a recent interview that customs revenue is on track to reach $50 billion (approximately Rs 4.4 lakh crore), nearly double Indias projected customs revenue for the 2025-26 fiscal year.With inputs from ToI

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INDIA MARKET | Fri, 8 Aug 2025, 2:47PM IST Silver Consumer Electricals plans to raise 1,400 crore through a combination of fresh issue aggregating up to 1,000 crore and an offer for sale (OFS) aggregating up to 400 crore

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INDIA MARKET | Fri, 8 Aug 2025, 2:45PM IST Indian domestic institutions made their largest stock purchases since April, buying Rs 108.6 billion worth of shares on Thursday. This move helped offset foreign outflows amid tariff concerns triggered by Donald Trump. Their consistent support in 2025 has played a critical role in stabilising markets during global uncertainties.

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INDIA MARKET | Fri, 8 Aug 2025, 2:45PM IST N K Industries Ltd, NIBE Ltd, Kuantum Papers Ltd and Oswal Agro Mills Ltd are among the other losers in the BSE's 'B' group today, 08 August 2025.

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INDIA MARKET | Fri, 8 Aug 2025, 2:43PM IST Venky's (India) slipped 1.37% to Rs 1,470.80 after the poultry major posted a sharp drop in June quarter earnings.

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INDIA BUSINESS | Fri, 8 Aug 2025, 2:42PM IST On a consolidated basis, net profit of SBI Group rose to 21,627 crore from 19,681 crore a year ago, registering an increase of 10% year-on-year

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INDIA MARKET | Fri, 8 Aug 2025, 2:40PM IST Indias Torrent Gas Ltd. is considering an initial public offering in Mumbai that may raise about $450 million, according to people familiar with the matter.

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INDIA MARKET | Fri, 8 Aug 2025, 2:38PM IST Sensex today| Stock Market LIVE Updates, August 8, 2025: In the broader markets, Nifty Midcap100, and Nifty Smallcap100 indices were trading lower by 0.97 per cent, and 0.63 per cent, respectively

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INDIA BUSINESS | Fri, 8 Aug 2025, 2:34PM IST Arisinfra Solutions Ltd's net profit declined 21 per cent to Rs 5.11 crore for the first quarter of this fiscal year due to expenses related to the public issue. Its net profit stood at Rs 6.45 crore in the year-ago period. Total income rose to Rs 215.6 crore in the April-June period of this fiscal from Rs 194.58 crore in the corresponding period of the preceding year, according to a regulatory filing on Thursday. Arisinfra Solutions supplies goods and services to the construction and real estate sectors. Ronak K Morbia, Chairman and Managing Director of Arisinfra, said, "Revenue grew by 11 per cent year-on-year, and we delivered Rs 5.1 crore in Profit After Tax (PAT), after absorbing one-time IPO expenses. Excluding this, PAT stood at nearly Rs 7.4 crore - exceeding the full-year PAT we reported in FY25, within the first three months of FY26." Its subsidiary ArisUnitern RE Solutions Pvt Ltd has received a provisional purchase order worth Rs 40 crore from AVS Housing and Construc

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INDIA BUSINESS | Fri, 8 Aug 2025, 2:33PM IST Realty firm Signature Global Ltd is targeting a 92 per cent increase in revenue from operations during this fiscal year on the back of strong sales in its residential projects across Gurugram. In a latest investors presentation, the company said it is targeting a revenue of Rs 4,800 crore during this financial year. Signature Global's income from operations stood at Rs 2,498.02 crore in the 2024-25 fiscal. On revenue, the company said it has "achieved around 19 per cent of guidance. Momentum is expected to pick up in subsequent quarters driven by completion of construction as planned". In the real estate sector, the companies can recognise revenues either on completion of their projects or on percentage of completion method. Signature Global achieved record sales bookings of Rs 10,290 crore during the 2024-25 and has given a guidance of Rs 12,500 crore for the current financial year. On Thursday, the company reported a five-fold surge in consolidated net profit to Rs 34.43 crore

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INDIA MARKET | Fri, 8 Aug 2025, 2:32PM IST The board of directors of Rossell Techsys is scheduled to meet on Wednesday, August 13, 2025, to approve and take on record the unaudited financial results for the quarter ended June 30, 2025.

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GLOBAL NEWS | Fri, 8 Aug 2025, 2:31PM IST A deal designed to force compliance with tougher emissions standards is as risk after the Trump administration intervened.

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GLOBAL NEWS | Fri, 8 Aug 2025, 2:31PM IST The database, which helps companies calculate their greenhouse gas emissions, will continue under a consortium that includes Stanford University.

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GLOBAL NEWS | Fri, 8 Aug 2025, 2:31PM IST Taiwans export manufacturers are facing steeper U.S. tariffs than their neighbors got and getting squeezed by an appreciating currency.

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INDIA BUSINESS | Fri, 8 Aug 2025, 2:31PM IST Sun TV Network Ltd has reported a decline of 5.38 per cent in consolidated profit after tax (PAT) at Rs 529.21 crore for the first quarter ended June 30, 2025. The company had reported a PAT of Rs 559.32 crore in the April-June period a year ago, Sun TV Network, one of the largest broadcasters, said in a regulatory filing on Thursday. Its revenue from operations was down 1.77 per cent to Rs 1,290.28 crore in the June quarter. This was at Rs 1,313.55 crore in the corresponding quarter last year. Sun TV Network's total expenses increased 10 per cent to Rs 782 crore in the June quarter of FY'26. However, total income of Sun TV Networks, which includes other incomes, in the June quarter was up 1.28 per cent to Rs 1,479.19 crore. Sun TV also owns the Sunrisers Hyderabad Cricket Franchise of the Indian Premier League and the Sunrisers Eastern Cape of Cricket South Africa's T20 League. "The results for the quarter ended June 30, 2025 include income from the Holding Company's Cricket ...

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INDIA BUSINESS | Fri, 8 Aug 2025, 2:30PM IST Panic selling drove down prices during an April heatwave, over concerns about the birds' mortality rate in hotter conditions, Venky's said in a post-earnings call in May

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INDIA BUSINESS | Fri, 8 Aug 2025, 2:30PM IST Jio Studios' NBOC crosses Rs 1,000 crore in India during FY25. The studio's films earned Rs 700 crore in the previous year. Three of its films ranked among the year's top five hits. 'Stree 2' emerged as the highest-grossing Hindi film. Jio Studios' films consistently broke viewership records across OTT platforms. The studio received 65-plus prestigious awards.

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INDIA MARKET | Fri, 8 Aug 2025, 2:30PM IST Kalpataru Projects International Ltd saw volume of 52.49 lakh shares by 14:14 IST on NSE, a 31.9 fold spurt over two-week average daily volume of 1.65 lakh shares

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INDIA MARKET | Fri, 8 Aug 2025, 2:29PM IST Sensex today| Stock Market LIVE Updates, August 8, 2025: In the broader markets, Nifty Midcap100, and Nifty Smallcap100 indices were trading lower by 0.97 per cent, and 0.63 per cent, respectively

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INDIA MARKET | Fri, 8 Aug 2025, 2:29PM IST CA Rudramurthy BV suggests a sell-on-rise strategy until Bank Nifty surpasses 56,000 and Nifty reaches 24,800. He recommends long-term investors consider Paytm and Nykaa, citing favorable risk-reward ratios. Accumulate Paytm around current levels, targeting Rs 1,350-1,500, and Nykaa with a target of Rs 245-250 within six months to a year.

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INDIA MARKET | Fri, 8 Aug 2025, 2:29PM IST The Nifty traded below the 24,450 mark. Auto shares declined after advancing in the previous trading session.

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INDIA MARKET | Fri, 8 Aug 2025, 2:28PM IST Grasim Industries announces a strong first quarter. The company's net profit rises by 32% compared to last year. Revenue from operations also increases significantly. Cement and Chemicals businesses drive the growth. The Paints business remains a key focus. The company anticipates benefiting from India's economic growth. Expansion plans for Cellulosic Fibres are underway.

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INDIA MUTUAL FUNDS | Fri, 8 Aug 2025, 2:27PM IST Quant Small Cap Fund raised its stake in Jio Financial Services in July, adding nearly 45 lakh shares. The fund also increased exposure to six other stocks, added four new names, including Marathon Nextgen Realty and Anthem Biosciences, and exited two. Exposure in 83 stocks, including Adani Enterprises and LIC, remained unchanged. AUM stood at Rs 29,463 crore.

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INDIA MARKET | Fri, 8 Aug 2025, 2:27PM IST The biopharma company's revenue from operations for the quarter ended June 30, 2025, surged 15 per cent year-on-year (Y-o-Y) to 3,942 crore, as compared to 3,433 crore reported in Q1FY25.

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INDIA BUSINESS | Fri, 8 Aug 2025, 2:25PM IST KTM India is set to launch its new 160 Duke motorcycle, anticipated to replace the discontinued 125 Duke as the brand's entry-level offering. Expected to be exclusive to the Indian market, the 160 Duke aims to deliver enhanced performance and value. It will likely feature a 160cc liquid-cooled engine producing around 19-20bhp, surpassing competitors like the Yamaha MT-15.

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INDIA MARKET | Fri, 8 Aug 2025, 2:23PM IST India Shelter Finance Corporation rallied 6.96% to Rs 929 after the company's consolidated net profit climbed 43.01% to Rs 119.44 crore on 43.6% increase in revenue from operations to Rs 361.21 crore in Q1 FY26 over Q1 FY25.

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INDIA MARKET | Fri, 8 Aug 2025, 2:18PM IST State Bank of India (SBI) reported a consolidated net profit of Rs 19,160 crore for Q1 FY26, up 12.48% from Q1 FY25 and 2.78% higher sequentially.

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INDIA BUSINESS | Fri, 8 Aug 2025, 2:17PM IST Online food delivery platform Zomato on Friday said it has roped in Bollywood star Shah Rukh Khan as its brand ambassador. Khan had recently appeared in Zomato's latest campaign 'Fuel Your Hustle', which celebrates the quiet grind behind some of India's most celebrated names, Zomato said in a statement. "Through the campaign and this association, Zomato aims to resonate with every individual who truly believes in hard work and consistency and reinforce its commitment to supporting their journey with food," it added. Khan inspires millions to keep showing up and fuelling their ambition, said Zomato Marketing Head Sahibjeet Singh Sawhney. "His influence transcends generations and borders and is a reminder for India to keep at it," Sawhney said, adding that his journey, from humble beginnings to global icon, mirrors the grit and persistence that the company believes in. On the association, Khan said, "Zomato's story is one of hustle, innovation and a love for bringing people closer t

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INDIA BUSINESS | Fri, 8 Aug 2025, 2:16PM IST Electric passenger vehicle retail sales in India surged 93% year-on-year in July, driven by Tata Motors' strong performance. While electric two-wheeler sales saw a slight dip, electric three-wheelers and commercial vehicles experienced growth, led by Mahindra and Tata Motors, respectively. FADA emphasizes the need for continued policy support and infrastructure development to sustain this EV transition.

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INDIA MARKET | Fri, 8 Aug 2025, 2:14PM IST Sensex today| Stock Market LIVE Updates, August 8, 2025: In the broader markets, Nifty Midcap100, and Nifty Smallcap100 indices were trading lower by 0.97 per cent, and 0.63 per cent, respectively

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INDIA MARKET | Fri, 8 Aug 2025, 2:12PM IST Here is the complete list of stocks that will trade ex-dividend next week, along with their announcement details and record dates

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INDIA MARKET | Fri, 8 Aug 2025, 2:11PM IST Sensex today| Stock Market LIVE Updates, August 8, 2025: In the broader markets, Nifty Midcap100, and Nifty Smallcap100 indices were trading lower by 0.97 per cent, and 0.63 per cent, respectively

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INDIA MARKET | Fri, 8 Aug 2025, 2:10PM IST Tesla has signed a nine-year lease for an Aerocity retail space to open its third India showroom, following Mumbai and Gurgaon launches, as part of expansion plans

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INDIA BUSINESS | Fri, 8 Aug 2025, 2:10PM IST Electric carmaker adds to outlets in Mumbai and Gurgaon as part of expansion plans

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INDIA NEWS | Fri, 8 Aug 2025, 2:09PM IST Trade talks between India and the United States have ended in a stalemate after five rounds of negotiations. After imposing a 50% tariff on India, US President Donald Trump has indicated that no further trade negotiations between the two countries would take place unless the tariff matter is resolved. Asked about more trade negotiations between India and the US, Trump said, "No, not until we get it resolved."In his first comments after Trump imposed a 50% tariff on Indian goods, Prime Minister Narendra Modi said on Thursday he will not compromise the interests of the country's farmers even if he has to pay a heavy price. "For us, our farmers' welfare is supreme," Modi said at an event in New Delhi. "India will never compromise on the wellbeing of its farmers, dairy (sector) and fishermen. And I know personally I will have to pay a heavy price for it," he said."For the farmers of my country, for the fishermen of my country, for the livestock rearers of my country, Bharat stands ready today," he said.US's insistence on access to agriculture, dairy and fishery sectors was the biggest point of discord in trade talks. PM Modi has effectively ruled out concessions to American business in these sectors. The US has not only been demanding low tariffs on certain farm products such as corn, soybeans, apples, cotton, almonds and ethanol, but also pitching for allowing entry of its genetically modified produce like maize, soy, canola and cotton into the Indian market. India was also unwilling to allow American dairy imports due to concerns over the feed practices in the US, specifically the use of animal-based products to feed cows.The stalemate in India-US trade talks is ultimately about 'our farmers versus your farmers'. The US has been pushing its agriculture and dairy products to promote its farmers, a politically powerful section in the US, while India has been resisting offering tariff concessions on these goods to protect its own farmers from low-priced American agriculture and dairy products flooding the Indian market which can drastically bring down prices, thus harming Indian farmers. American farmers, an influential political blocTrade negotiations are rarely just about economics. They are deeply entangled with domestic political imperatives. In the US-India trade talks under the Trump administration, one of the key undercurrents was the political weight of American farmers. Trump, elected in part due to strong support from rural America, has prioritised the interests of the US agricultural and dairy sectors in trade policy. His administration's push for greater market access to India for American agricultural and dairy products is not merely an economic strategy. It's a calculated political move shaped by the influence of the powerful farm lobby.American farmers, particularly those in the Midwest, represent a formidable political force. They are a critical part of Trumps base, having overwhelmingly supported him in the 2016 and 2020 elections. These regions hold significant sway in shaping the national conversation on trade and rural development.Americas most farming-dependent counties overwhelmingly backed Trump in last years election by an average of 77.7%, as per independent news outlet, Investigate Midwest. Not only did Trump increase his support among farming-dependent counties, but more than 100 of those counties supported him with at least 80% of their vote. In a speech before Congress in march, Trump said that his new trade policies would "be great for the American farmer" even as he acknowledged that there "may be a little bit of an adjustment period." "Our farmers are going to have a field day right now," Trump said. He also claimed that farmers could compensate for any losses by selling more domestically. "Nobody is going to be able to compete with you," he said enthusiastically.Over the years, American farmers have grown increasingly dependent on exports due to domestic overproduction and changing consumption patterns. Major agricultural states like Iowa, Wisconsin and Nebraska rely heavily on foreign markets for commodities such as soybeans, corn, dairy and meat. Therefore, securing new or expanded trade deals that boost agricultural exports directly serves both the economic interests of these states and Trumps political interest.During Trump's previous term, government payments to farmers rose to historic levels as the Trump administration handed out cash to farmers to compensate for the financial losses from his tariff wars.India is worried about its own farmersIndia's own political and economic considerations -- protecting its domestic farmers, adhering to food safety norms and maintaining strategic autonomy -- clash with American demands for duty concessions on agricultural and dairy products. Agriculture and its allied areas contribute just 16% to India's $3.9 trillion economy, but sustain nearly half of the country's 1.4 billion population. As farmers remain one of the most powerful voting blocs, Prime Minister Narendra Modi's government was forced into a rare retreat four years ago when it tried to push through controversial farm laws.The prospect of cheaper imports from the US threatens to drive down local prices, handing the opposition a fresh opportunity to attack the government. New Delhi has traditionally kept agriculture out of Free Trade Agreements with other nations. Granting market access to the US could force India to extend similar concessions to other trading partners. The average Indian farm comprises just 1.08 hectares, compared to 187 hectares in the US. In dairy, the average herd size in India is two to three animals per farmer, compared to hundreds in the US. This difference makes it difficult for small Indian farmers to compete with their US counterparts.The US is pressing India to open its markets to a wide range of American products, including dairy, poultry, corn, soybeans, rice, wheat, ethanol, citrus fruits, almonds, pecans, apples, grapes, canned peaches, chocolates, cookies, and frozen French fries. While India is willing to grant greater access to US dry fruits and apples, it is holding back on allowing imports of corn, soybeans, wheat, and dairy products. India does not allow genetically modified (GM) food crops, while most US corn and soybean production is GM-based. Dairy remains a sensitive issue in India, where cultural and dietary preferences strongly influence food choices. Indian consumers are particularly concerned that cattle in the US are often fed with animal byproducts, a practice that conflicts with Indian food habits.The Global Trade Research Initiative (GTRI) has cautioned that permanent reduction of agricultural tariffs in the India-US free trade agreement could result in subsidised US grains overwhelming Indian markets during global price downturns. Historical evidence shows that global grain prices plummeted between 2014 and 2016, with wheat prices falling under $160 per tonne, devastating African farmers. "India must retain policy space to manage food stocks, support rural incomes, and respond to global shocks. In today's geopolitically unstable world, food security must remain sovereign," GTRI Founder Ajay Srivastava was quoted as saying by PTI.At present, the government doesnt allow cultivation of GM food crops, even though varieties can aid yields. The commercial release of GM mustard has been stalled due to a legal challenge in the countrys top court, and in 2010, the government rejected a GM variety of brinjal. Still, India already meets about 60% of vegetable-oil demand through imports, including soy and canola oils from GM crops. The country is also the second-largest cotton grower, with more than 90% of that crop genetically modified.While India remained firm on not giving concessions in market access in the sensitive dairy and agricultural sectors, the country was looking to allow imports of certain GM-based farm products used in animal feed, ET had reported based on information from sources. India might agree to inbound shipments of some products used in animal feeds, such as soybean meal and distillers dried grains with solubles, a byproduct of corn-based ethanol production, people familiar with the matter, who asked not be identified as the information isnt public, had told Bloomberg last month.(With inputs from agencies)

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INDIA BUSINESS | Fri, 8 Aug 2025, 2:09PM IST The bank's asset quality improved, with net non-performing assets (NPAs) declining to 19,908.42 crore in Q1 FY26, down 7.6 per cent Y-o-Y from 21,554.69 crore in Q1 FY25

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INDIA MARKET | Fri, 8 Aug 2025, 2:08PM IST Sensex today| Stock Market LIVE Updates, August 8, 2025: In the broader markets, Nifty Midcap100, and Nifty Smallcap100 indices were trading lower by 0.97 per cent, and 0.63 per cent, respectively

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INDIA MARKET | Fri, 8 Aug 2025, 2:07PM IST Indian stocks fell sharply on Friday, with the Sensex dropping as weak Q1 earnings, continued foreign outflows, and Trumps tariff hike on Indian exports weighed on sentiment. Benchmarks are heading for a sixth straight weekly loss.

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