๐ฎ๐ณ ์ธ๋ ยท "INDONESIA" ยท ์ด 16๊ฑด
ํํฐ ๋ณด๊ธฐํ์ฌ ์ง์
50.0
0 = ๋ถ์ ์ฐ์ธ
50 = ์ค๋ฆฝ
100 = ๊ธ์ ์ฐ์ธ
์ต๊ทผ 7์ผ ๊ธฐ์ค 6,066๊ฑด์ ๋ถ์ํ ๊ฒฐ๊ณผ, ๋ด์ค ์ฌ๋ฆฌ์ง์๋ 50.0(๊ท ํ)์ ๋๋ค. ๊ธ์ 0๊ฑด(0.0%)ยท์ค๋ฆฝ 6,066๊ฑด(100.0%)ยท๋ถ์ 0๊ฑด(0.0%)์ด๋ฉฐ, ์ค๋ฆฝ ๋น์ค์ด ๋๋ ทํ๊ฒ ๋์ต๋๋ค. ์ฑํฅ ์ง์๋ ์ข ํฉ 0.0(์ค๋ ๊ท ํ)์ ๋๋ค.
Sindhu, who had also gone down to the South Korean in the quarterfinals of last week's Singapore Open, lost 17-21, 14-21 in the round of 16 match.
Indiaโs top menโs doubles pair, Satwiksairaj Rankireddy and Chirag Shetty, have withdrawn from the Indonesia Open 2026 after Satwik suffered an injury during their first-round match. The Badminton Association of India confirmed the duo will focus on recovery and rehabilitation. Their exit comes days after winning the Singapore Open title, ending a two-year wait for a BWF World Tour crown.
India needs to challenge the legal basis of a proposed US tariff action that seeks to impose an additional 12.5% duty on imports from the country under a Section 301 investigation, trade policy think tank Global Trade Research Initiative (GTRI) said on June 3.The recommendation comes after the Office of the United States Trade Representative (USTR) proposed fresh duties on imports from 54 economies following a probe into the enforcement of restrictions on goods linked to forced labour.GTRI said that the investigation stretches the intended scope of Section 301, a trade enforcement mechanism traditionally used to address barriers affecting market access for American businesses in foreign jurisdictions, PTI reported.The current action is focused instead on whether countries regulate imports originating from third nations where forced labour concerns may exist, the think tank observed.Also read | Iran war puts Malhotra & Co in razor-edge policy bindThe proposed tariff rate of 12.5% for India and several other economies is also higher than the tariff ceiling committed by the US under multilateral trade rules, the think tank said.According to GTRI founder Ajay Srivastava, India should maintain that Washington is attempting to extend its domestic import-control framework beyond its borders through unilateral trade measures.He said such an approach falls outside the mandate of Section 301 and raises broader concerns regarding the use of trade policy to influence regulatory practices in other countries.The think tank further noted that concerns surrounding forced labour are often confined to specific products or sectors rather than entire economies. It argued that imposing country-wide tariffs may not be an appropriate response when targeted measures could address the underlying issue more effectively.Also read | CBDT tells tax officers to tighten scrutiny of unexplained income, assetsGTRI also viewed the proposed action in the context of ongoing trade negotiations between India and the United States, suggesting that the move could increase pressure on New Delhi as both countries work toward a bilateral trade agreement. It cautioned that India may face additional investigations under Section 301 in areas such as industrial overcapacity.The USTR initiated two separate Section 301 investigations in March this year covering 60 economies. One inquiry examined issues related to forced labour, while the second focused on concerns over excess manufacturing capacity.Following the conclusion of the forced labour investigation, the US has proposed additional duties on imports from 54 economies. Under the plan, imports from countries including Canada, Ecuador, Mexico, Indonesia, Pakistan and the European Union would face a 10% tariff. A higher duty of 12.5% has been proposed for 48 economies, including India and China.The proposal has not yet been finalised and is currently open for public consultation. Stakeholders have until June 22 to request participation in hearings and submit testimony summaries, while written submissions can be filed until July 6. Public hearings are scheduled for July 7.A final determination is expected in the coming weeks and could be announced before the expiry of the temporary Section 122 tariff measures on July 24. If approved, the additional duties may come into force shortly thereafter.The investigation does not allege the use of forced labour in India's export production. Instead, it examines whether India has adequate restrictions on imports sourced from third countries where forced labour concerns may arise.Inputs from PTI
Satwiksairaj Rankireddy and Chirag Shetty clinched their maiden Singapore Open title, ending a two-year wait for a trophy. The Indian duo staged a remarkable comeback, defeating Indonesia's Fajar Alfian and Muhammad Shohibul Fikri 18-21, 21-17, 21-16 in a thrilling final. This historic victory marks their first doubles title at the prestigious Singapore Open and their ninth World Tour crown.
The deal with Vietnam is reportedly worth around Rs 5,800 crore.
The Philippines, which signed a contract worth nearly USD 375 million in 2022, was the first foreign buyer of the BrahMos missile system from India.
Patanjali Foods reported a 46% year-on-year rise in net profit for the March quarter, aided by strong growth across its edible oils and FMCG businesses. However, higher raw material and packaging costs weighed on profitability. The company's profit after tax rose to Rs 524 crore in the quarter ended March 2026 from about Rs 359 crore a year earlier.Revenue from operations increased 17% year-on-year (YoY) and 6% sequentially to Rs 11,217 crore during the quarter. Despite the strong top-line performance, margins remained under pressure due to rising input costs.Gross profit stood at Rs 1,398 crore, translating into a margin of 12.47%. The company said profitability was impacted by a sharp rise in packaging material costs during the latter half of March, particularly for PET bottles and polyester films, driven by crude oil volatility and higher freight expenses.Cost of goods sold increased by 294 basis points as a percentage of revenue on a YoY basis. EBITDA, excluding exceptional items, came in at Rs 502 crore with an EBITDA margin of 4.48%.The edible oils business remained the largest contributor to revenue. The segment reported revenue of Rs 8,324 crore during the quarter, up 23% YoY and 13.5% sequentially. Segment EBITDA stood at Rs 215 crore, with margins of 2.58%.Branded edible oils accounted for nearly 75% of total edible oil sales and continued to drive growth.The company said palm oil prices strengthened sharply during the quarter, with refined palm oil prices rising nearly 20% between January and March 2026. The increase was driven by higher import costs from Malaysia and Indonesia, elevated freight charges, rising insurance costs and expectations of tighter global supplies.Soya oil prices also moved higher, rising 23% during the quarter.The FMCG segment continued its strong performance and generated revenue of Rs 2,890 crore, up 14% YoY. Segment EBITDA rose 14% to Rs 292 crore, while margins stood at 10.1%.The FMCG business contributed nearly 26% of quarterly revenue and almost 58% of segment EBITDA during the quarter, underscoring its growing importance in the company's earnings mix.Within FMCG, biscuits remained a key growth driver. Quarterly biscuit revenue rose nearly 14% to Rs 478 crore. For FY26, biscuit revenue crossed Rs 1,907 crore, growing 16%.The company said its Doodh biscuit brand has now become a Rs 1,300-crore-plus annual sales brand, while Nariyal biscuits continued gaining market share.The Staples portfolio generated quarterly revenue of Rs 849 crore, while the home and personal care business posted strong growth of 35% to Rs 840 crore. The skincare category emerged as one of the fastest-growing segments, with revenue rising 58% YoY.The ghee business reported quarterly revenue of Rs 339 crore, while textured soya products contributed Rs 106 crore.Beverages and juices also witnessed improved demand toward the end of the quarter as summer consumption recovered after an initially delayed season.The company's nutraceutical business generated revenue of Rs 18 crore following internal restructuring initiatives. Exports contributed Rs 32 crore during the quarter, while annual export revenue stood at Rs 187.8 crore. Patanjali Foods exported products to 37 countries during FY26.For the full year, Patanjali Foods reported its highest-ever annual revenue from operations at Rs 40,170 crore, representing growth of 19% over FY25.The edible oils business generated annual revenue of Rs 29,313 crore, while the FMCG segment reported annual revenue of Rs 11,188 crore, up nearly 20%. The company also continued expanding its oil palm plantation business under the government's edible oil self-sufficiency push.As of March 2026, the total oil palm cultivated area under the company's network stood at 1.11 lakh hectares across 12 states, reflecting growth of 24% YoY.Patanjali Foods spent around 2% of quarterly revenue on advertising and brand-building activities during the quarter.(Disclaimer: Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of the Economic Times.)
Patanjali Foods reported a 46% year-on-year rise in net profit for the March quarter, aided by strong growth across its edible oils and FMCG businesses. However, higher raw material and packaging costs weighed on profitability. The company's profit after tax rose to Rs 524 crore in the quarter ended March 2026 from about Rs 359 crore a year earlier.Revenue from operations increased 17% year-on-year (YoY) and 6% sequentially to Rs 11,217 crore during the quarter. Despite the strong top-line performance, margins remained under pressure due to rising input costs.Gross profit stood at Rs 1,398 crore, translating into a margin of 12.47%. The company said profitability was impacted by a sharp rise in packaging material costs during the latter half of March, particularly for PET bottles and polyester films, driven by crude oil volatility and higher freight expenses.Cost of goods sold increased by 294 basis points as a percentage of revenue on a YoY basis. EBITDA, excluding exceptional items, came in at Rs 502 crore with an EBITDA margin of 4.48%.The edible oils business remained the largest contributor to revenue. The segment reported revenue of Rs 8,324 crore during the quarter, up 23% YoY and 13.5% sequentially. Segment EBITDA stood at Rs 215 crore, with margins of 2.58%.Branded edible oils accounted for nearly 75% of total edible oil sales and continued to drive growth.The company said palm oil prices strengthened sharply during the quarter, with refined palm oil prices rising nearly 20% between January and March 2026. The increase was driven by higher import costs from Malaysia and Indonesia, elevated freight charges, rising insurance costs and expectations of tighter global supplies.Soya oil prices also moved higher, rising 23% during the quarter.The FMCG segment continued its strong performance and generated revenue of Rs 2,890 crore, up 14% YoY. Segment EBITDA rose 14% to Rs 292 crore, while margins stood at 10.1%.The FMCG business contributed nearly 26% of quarterly revenue and almost 58% of segment EBITDA during the quarter, underscoring its growing importance in the company's earnings mix.Within FMCG, biscuits remained a key growth driver. Quarterly biscuit revenue rose nearly 14% to Rs 478 crore. For FY26, biscuit revenue crossed Rs 1,907 crore, growing 16%.The company said its Doodh biscuit brand has now become a Rs 1,300-crore-plus annual sales brand, while Nariyal biscuits continued gaining market share.The Staples portfolio generated quarterly revenue of Rs 849 crore, while the home and personal care business posted strong growth of 35% to Rs 840 crore. The skincare category emerged as one of the fastest-growing segments, with revenue rising 58% YoY.The ghee business reported quarterly revenue of Rs 339 crore, while textured soya products contributed Rs 106 crore.Beverages and juices also witnessed improved demand toward the end of the quarter as summer consumption recovered after an initially delayed season.The company's nutraceutical business generated revenue of Rs 18 crore following internal restructuring initiatives. Exports contributed Rs 32 crore during the quarter, while annual export revenue stood at Rs 187.8 crore. Patanjali Foods exported products to 37 countries during FY26.For the full year, Patanjali Foods reported its highest-ever annual revenue from operations at Rs 40,170 crore, representing growth of 19% over FY25.The edible oils business generated annual revenue of Rs 29,313 crore, while the FMCG segment reported annual revenue of Rs 11,188 crore, up nearly 20%. The company also continued expanding its oil palm plantation business under the government's edible oil self-sufficiency push.As of March 2026, the total oil palm cultivated area under the company's network stood at 1.11 lakh hectares across 12 states, reflecting growth of 24% YoY.Patanjali Foods spent around 2% of quarterly revenue on advertising and brand-building activities during the quarter.(Disclaimer: Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of the Economic Times.)
NEW YORK: Businesses big and small have started receiving tariff refunds after the U.S. Supreme Court ruled that President Donald Trump lacked the constitutional authority to impose higher import taxes on goods from nearly every other country.The process could grind to a halt, however, after the Trump administration said Friday that it intended to appeal a federal judge's order to allow all companies that paid the invalidated duties to seek refunds, not just the ones that filed lawsuits.Until the Department of Justice informed the judge of its planned appeal, the refund system overseen by U.S. Customs and Border Protection had been working fairly smoothly. Refunds reached the bank accounts of the first successful applicants on May 12, about three weeks after importers and their customs brokers could start submitting claims through an online system, according to CBP.Applications for refunds totaling $85 billion - more than half of the $166 billion the agency estimated the government owes to companies that paid the tariffs on imported goods - were accepted for processing as of May 22, CBP reported in a legal filing earlier in the week. It said it had so far directed the Treasury Department to issue $20.6 billion in refunds.Also read | US probes Reid Hoffman group over funding lawsuits against Trump, source saysThe administration revealed its appeal preparations while objecting to a demand by Judge Richard K. Eaton for CBP Commissioner Rodney Scott to appear in the U.S. Court of International Trade to answer questions about how long it would take to repay all 330,000 importers that might be eligible for refunds. The judge scheduled a June 9 hearing on why he shouldn't require the government do whatever it takes to speed up the process.Justice Department lawyers asked Eaton to allow one or two of Scott's deputies to appear in his place, arguing that as a high-ranking presidential appointee, the CBP chief could not be compelled to testify. They also argued that Eaton exceeded his authority when he determined in March that the Supreme Court's ruling entitled "all importers of record'' to refunds."For that reason, defendants intend to appeal the court's universal injunction," the lawyers wrote, adding that CBP would continue to move "as quicky as it can to process refunds in a phased approach" for businesses that filed legal complaints asserting their rights to refunds.In a written reply, Eaton said he needed to hear directly from Scott whether the government would return all of the money it collected between when Trump put what he called "reciprocal" tariffs on most countries in April 2025 and when the Supreme Court struck them down in late February."It is undisputed that the remedy for this unlawful collection is for the United States government to refund the unlawfully collected duties," the judge wrote.Refunds coming in phasesMore than 1,000 companies, including large ones like Costco, Goodyear Tire, banana and pineapple distributor Dole Fresh Fruit, and department store chain Kohl's, filed lawsuits to recoup their tariff costs. The judge said Wednesday he intended to allow cases he put on hold while CBP figured out how to handle refund claims - they numbered 485 in mid-March - to proceed.Also read | Minority union at Samsung Electronics to challenge pay deal in courtCustoms and Border Protection is handling refund claims in phases, focusing first on payments that weren't finalized before the Supreme Court handed down its 6-3 decision. CBP officials have said those later payments were more straightforward to process.Importers are required to make estimated tariff payments when goods enter the U.S. The declared items then enter a process called "liquidation," in which CBP determines how much in import taxes was owed. The decision becomes final after 180 days unless the payer contests the bill.In Friday's filing, the Justice Department said the agency did not have the technological ability or the legal authority to recalculate liquidated accounts without "importer-specific orders" in each lawsuit.Price cuts promisedSome national retail chains said they planned to use their tariff refunds refunds to lower customer prices on some items. Walmart Chief Financial Officer John David Rainey told analysts last week that the company would implement price cuts even though the maximum refund it might be eligible for represented less than half of 1% of Walmart's $483 billion in annual U.S. sales.Costco intends to return the tariff costs that it passed on to members, CEO Ron Vachris said. How much of its refund the big-box retail chain redistributes, when and in what form, depends on factors such as the size of the refund, when it arrives, and developments in a lawsuit seeking tariff compensation for Costco customers, Vachris told investors Thursday.Consumers could first see refunds from shipping companies such as FedEx, UPS and DHL, which acted as customs brokers when they delivered products ordered from overseas. The companies charged either the sellers that shipped the packages or the buyers who received them and turned the tariffs they collected over to CBP.All three promised to return any refunds they get to the customers that paid the import taxes. Last week, FedEx said it was "working to swiftly process refunds and return them to the shippers and consumers who originally bore those charges."Putting refunds back into the businessThe Supreme Court invalidated only the country-by-country tariff rates Trump set by citing the 1977 International Emergency Economic Powers Act. Others he imposed under different rationales remain in effect. Trump also has moved to introduce new tariffs since the court's Feb. 20 ruling.Some smaller companies told The Associated Press that the tariff refunds they've received so far would go toward paying remaining or future tariffs or getting back on solid financial footing after more than a year of uncertainty and additional costs.Jay Foreman, CEO of toy company Basic Fun, said he received about $450,000, or 7% of his total claim, over two consecutive days. He took the repayment as a positive sign but said that after having less than $10,000 refunded since then, the process seemed like a "total slow roll.""It's time to release the funds back into the economy, especially given how much we and others need these funds to support our businesses and fund our operations," Foreman said.Men's grooming brand Manscaped has received about 30% of the $12 million in refunds it applied for, President Kevin Datoo said. He said the San Diego company deferred investments and took on debt to pay tariffs on imports from Indonesia, China and elsewhere in Asia last year."We need to shore up the balance sheet because there's still a whole second chapter here," Datoo said.Melkon Khosrovian, who owns Greenbar Distillery in Los Angeles, said he applied for a tariff refund of about $90,000 for 17 different shipments and has received $18,000 covering four of them. Certain types of herbs, spices and packaging are hard to find domestically, so Khosrovian said he imports them.The tariffs were "painful," he said. He invested money to automate his bottling process last year so he wouldn't have to pay as many workers. The move allowed him to reduce his 13-person staff by three, but Khosrovian noted that the White House had argued the tariffs would create more U.S. manufacturing jobs."Our choices were bad and worse: raise prices and lose customers, or keep prices the same and not make any money," he said.
Defence Secretary Rajesh Kumar Singh emphasized that New Delhi maintains a deep-rooted dedication to ASEAN partners
Defence Secretary Rajesh Kumar Singh said that while the Philippines was the first foreign buyer of BrahMos, negotiations with Indonesia and Vietnam were also in advanced stages
Defence Secretary Rajesh Singh Singh underscored that India has a strong commitment to the ASEAN nations and was happy to share advanced tech with friendly countries.
Indonesia said in March that it had entered into an agreement with India to procure the BrahMos missile system
India says BrahMos deal signed with Vietnam, Indonesia next in line
The Reserve Bank of India will keep its key interest rate unchanged at 5.25% in June, according โto most economists in a Reuters poll, although โa majority now expect at least one increase by year-end due to risks from high oil โprices and pressure on the rupee from weak capital inflows.India's still-benign inflation at 3.48% in April, below the RBI's 4% medium-term target for over a year, gives the central bank scant reason to act urgently.But, with crude oil prices hovering about 30% over levels seen before the U.S.-Israeli war โwith Iran, the rupee โ down roughly โ 6% for the year and wholesale inflation accelerating sharply in April, a growing number of economists now expect policy action may eventually be needed to limit โthe pass-through to inflation.Nearly 80% of economists, 44 of 56, in the May 22-29 Reuters poll expected the Monetary Policy Committee to keep the โrepo rate unchanged at 5.25% on June 5.Also Read: Repo rate hike not on the cards, for now, says Ram Singh, external member of MPCAmong other respondents, 11 forecast a 25-basis-point hike and one expected a bigger 50-basis-point increase. In an April poll only one respondent predicted a June rate lift."With growth facing downside risks while inflation faces strong upside โpressures, we expect the RBI to hold rates steady in June... as supply โ shocks perceived as โtemporary might not warrant an interest rate action immediately," said Aditya Vyas, chief economist at STCI โPrimary Dealer."Interest rates are โnot a good tool to counter large supply shocks. Also, I do not think the RBI โ MPC will increase rates to defend the rupee since it is beyond the โremit of the MPC and precedents provide evidence it is not an effective antidote to โdepreciation."But not everyone agrees the RBI should keep rates steady.Also Read: RBI warns prolonged West Asia conflict could hit Indiaโs economy"Without any hikes the financial market perception that domestic policies remain unaligned with tight global financial conditions will continue to grow, inflating risks of repeated or renewed speculative pressures on the exchange rate," said ANZ economist Dhiraj Nim.A shift to a "hawkish" policy stance would be prudent, he added.The central bank has already spent billions of dollars to slow the rupee's decline as a global risk-off environment accelerates foreign outflows from India.Meanwhile, other Asian central banks have โalready begun tightening policy to shore up their currencies. Bank Indonesia delivered a surprise 50-basis-point rate hike last week, and the Philippines' central bank raised rates 25 basis points in April.India, Indonesia and the Philippines โare especially exposed โas higher oil import costs coincide โ with capital outflows driven by investors seeking safer assets.Still, when asked if the RBI should consider using monetary policy alongside FX intervention to cushion the rupee's fall, a majority of economists, 14 of 18, said no.Poll medians showed the central bank would raise โinterest rates by 25 basis points in the fourth quarter and again in the third quarter of 2027. Most economists expected at least one 25-basis-point rate increase by end-2026 compared with expectations in the April survey for no rise through 2027.Mizuho's head of macro research Vishnu Varathan said the RBI hiking rates was "a matter of when not if", and argued moving "sooner rather than later at the August meeting makes sense and mitigates unnecessary pain".