The recent hike in US tariffs on Indian imports could severely impact labour-intensive and manufacturing sectors in India, posing a risk to the country’s economic growth if the 50% duty continues, experts warned.They said the steep tariffs not only risk slowing exports and investment but also add pressure on the rupee, raising concerns for the…
This a representative AI image US President Donald Trump’s decision to double tariffs on Indian imports to 50% has alarmed the Indian gem and jewellery industry, which is now looking at setting up manufacturing units in low-tariff countries like UAE and Mexico to continue exporting to the US.Calling the move a “doomsday” for the sector,…
Trump tariff impact: Market experts caution that export-oriented stocks may face significant pressure, with uncertainty likely to continue for several months. (AI image) The stock markets are in a wait-and-watch mode over US President Donald Trump’s tariff moves on India. Trump on Wednesday announced a 25$ additional tariff rate on India for its crude oil…
Gold rate today: The yellow metal approached the significant $3400 mark. (AI image) Gold rate today: Gold prices increased on Thursday due to heightened safe-haven demand after US President Donald Trump imposed an additional 25% tariff on Indian imports, intensifying trade tensions between the two economies.The spot gold price advanced 0.3% to $3,378.18 per ounce…
US President Donald Trump on Wednesday announced that the reciprocal tariffs would take effect at midnight, targeting countries he said have exploited the United States for years.In a series of posts on Truth Social, Trump said the tariffs would bring in billions of dollars, while once again attacking the US judicial system, warning that only…
Thursday’s trading will be influenced by the US President’s implementation of additional 25% tariffs. (AI image) Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, opened in red on Thursday as US President Donald Trump’s move to double tariffs on India to 50% weighed on sentiment. While Nifty50 went below 24,550, BSE…
Top stocks to buy today (AI image) Top stock market recommendations: According to Aakash K Hindocha, Deputy Vice President – WM Research, Nuvama Professional Clients Group, Asian Paints, Cummins India, and Eicher Motors are the top buy calls for today. Here’s his view on Nifty, Bank Nifty and the top stock picks for August 7,…
NEW DELHI: Airbus has appointed Jurgen Westermeier (53) as MD and president for India and South Asia, effective Sept 1, 2025. Jurgen, currently EVP & chief procurement officer at Airbus, will succeed Remi Maillard, who will become EVP engineering for commercial aircraft and head of technology. In his new role, Jurgen will lead Airbus’ business…
CHENNAI: To strengthen its position in EV segment, Hyundai Motors India plans to boost sourcing of components from local vendors and improve EV infrastructure. According to annual report 2024-25, to boost price competitiveness and long-term viability, it plans to prioritise localisation of key EV parts, such as battery cells, packs, power electronics and drivetrain. It…
CHENNAI: Sugar manufacturer EID Parry on Wednesday narrowed standalone loss at Rs 28 crore in quarter ended June 30, 2025. The company, which is part of Murugappa group, reported a loss of Rs 79 crore in corresponding quarter last year.Muthiah Murugappan, CEO, EID Parry said, revenue from sugar segment for Q1 was at Rs 347…
