The EU is considering imposing tariffs on Israeli goods and sanctioning individuals, including ministers Ben-Gvir and Smotrich, to pressure Israel to end the Gaza war. EU foreign policy chief Kaja Kallas seeks support from the bloc’s 27 countries, citing human rights concerns and the need for a ceasefire.
The government is planning to establish multi-disciplinary partnership (MDP) firms to rival global consulting and auditing giants like PwC and Deloitte. An Inter-ministerial Group has been formed to develop this ecosystem, aiming to strengthen Indian firms and reduce reliance on multinational corporations. Stakeholders are invited to share their views on the proposal by September 30.
Commerce Minister Piyush Goyal expressed confidence in resolving trade issues with the US, citing the strong friendship between Prime Minister Modi and President Trump. Recent talks between Indian and US trade negotiators have been positive, aiming for a mutually beneficial agreement.
The Bank of Canada has lowered its key lending rate to 2.5% in response to the economic strain caused by US protectionism and trade tensions. Canada’s GDP shrank significantly in the second quarter of 2025, with exports plummeting due to fading advance orders.
Wall Street showed mixed performance as investors awaited the Federal Reserve’s anticipated interest rate cut announcement. The S&P 500 hovered near record highs, while the Dow Jones Industrial Average saw gains. Workday surged following Elliott Investment Management’s stake acquisition, while General Mills declined despite strong profits due to growth investment warnings.
Hyundai Motor India and its employee union in Chennai have reached a three-year wage agreement, effective from April 2024 to March 2027. The deal includes a monthly salary increase of Rs 31,000, distributed over the three years, along with enhanced health coverage and wellness programs.
The Securities and Exchange Board of India (Sebi) has leased a luxurious five-bedroom apartment in Mumbai’s Prabhadevi for its chairman, Tuhin Kanta Pandey, at a monthly rent of Rs 7 lakh. The three-year lease includes a 3,000 sq. ft. apartment with four car parks and a 5% annual rent escalation, aligning with Sebi’s policy for…
Nestle’s shares experienced a dip following the unexpected early departure of Chairman Paul Bulcke, adding to recent leadership turmoil. This exit, months ahead of schedule, follows the dismissal of CEO Laurent Freixe due to misconduct. Investors link Bulcke’s departure to the company’s recent instability, hoping for a return to stability under new leadership.
Despite US tariffs in 2025, Indian stock markets achieved positive returns, bolstered by strong domestic fundamentals and GST reforms. Bank of Baroda’s Sonal Badhan noted that markets have factored in tariff uncertainties. While global markets initially suffered, India, along with Hong Kong, Brazil, and China, showed resilience.
India’s exports to the US have been declining for three consecutive months, with August experiencing a significant 16.3% drop due to increased tariffs imposed by the US. The impact is uneven, heavily affecting sectors like apparel and gems, potentially leading to substantial export losses and job cuts.
