The United States has extended the suspension of reciprocal tariffs on India until August 1, offering a temporary respite for Indian exporters. This extension allows more time for negotiators to resolve pending issues under an interim trade deal. While other nations received tariff notifications, India’s absence signals ongoing discussions.
Indian electronics component manufacturers are increasingly partnering with South Korean, Taiwanese, and Japanese firms, moving away from Chinese collaborations due to stringent FDI regulations and geopolitical tensions. Companies like Dixon Technologies and Amber Enterprises are finalizing partnerships and submitting proposals under the electronics component manufacturing scheme.
Samsung Electronics anticipates a significant drop in second-quarter operating profit, exceeding 50%, due to US export restrictions on AI chips to China and underperforming foundry operations. The company projects profits of 4.6 trillion won, a 56% decrease year-over-year. Despite this slump, Samsung anticipates improved factory utilization and demand recovery in the latter half of 2025.
A nationwide strike, or ‘Bharat Bandh,’ is scheduled for July 9, 2025, organized by a coalition of trade unions and agricultural organizations. The strike aims to protest government policies perceived as pro-corporate and detrimental to workers, with anticipated participation from over 25 crore workers across various sectors.
Adani Power Ltd has acquired Vidarbha Industries Power Ltd for Rs 4,000 crore, increasing its operating capacity to 18,150 MW. The company plans to further expand its generation portfolio to 30,670 MW by 2030 through brownfield and greenfield projects across multiple states. This acquisition aligns with Adani Power’s strategy to turnaround stressed assets and support…
China’s expanded visa-free policy, now encompassing 74 countries, has spurred a significant surge in foreign arrivals, more than doubling to over 20 million in 2024. This initiative, aimed at boosting tourism and the economy, has led to increased bookings for air travel and hotels, with tour companies experiencing substantial growth.
Gold price prediction today: Gold prices are expected to fluctuate within a range, influenced by trade deal developments. Despite tariff deadline extensions, gold retains safe-haven appeal amid ongoing trade tensions. Experts advise monitoring trade deal movements for a clearer outlook.
Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, opened in red on Tuesday following uncertainties around trade deals and Donald Trump’s reciprocal tariffs.
Asian equities saw modest gains as investor sentiment was buoyed by Trump’s softened stance on tariff hikes, hinting at potential negotiations. Oil prices stabilized after an earlier surge, influenced by trade uncertainties and OPEC+’s increased output. Despite ongoing trade jitters and cautious optimism, markets remain alert to potential volatility.
