Qualcomm is shifting its automotive module production to India, aiming to bolster local manufacturing and support its partners. The company is collaborating with Tier 1 suppliers to relocate their manufacturing to India. Qualcomm is focusing on the automotive sector, particularly EVs, and working with major Indian carmakers to develop products tailored for the local market.
Gold prices in Delhi plummeted by Rs 1,000 to Rs 1,01,520 per 10 grams, mirroring international market trends. This decline followed President Trump’s clarification that gold imports would not face tariffs, easing trade concerns. Silver also experienced a significant drop, decreasing by Rs 2,000 to Rs 1,12,000 per kilogram.
New Income Tax Bill 2025: The Lok Sabha has passed the New Income Tax Bill 2025, a major overhaul aimed at simplifying tax procedures for individuals and corporations. The revised bill, incorporating recommendations from a Parliamentary Select Committee, reduces text volume, streamlines the taxation timeline, and clarifies provisions for refunds and deductions.
Ford is investing nearly $2 billion to transform its Louisville plant into an EV production hub, signaling a major shift after decades of petrol-powered vehicles. The revamped facility will produce a midsize electric pickup truck by 2027, targeting affordability and profitability with a new assembly layout.
State Bank of India has ceased trade and foreign currency dealings with Nayara Energy due to potential US sanctions, prioritizing compliance with international rules. This decision, made after recent US tariff hikes and EU sanctions, impacts Nayara’s international transactions. Nayara is now seeking alternative arrangements with domestic institutions like UCO Bank to navigate these challenges.
The US tariff hike on diamonds has led to nearly 100,000 job losses in Gujarat’s Saurashtra region, impacting small units in Bhavnagar, Amreli, and Junagadh. Export orders have been delayed or cancelled, forcing businesses to consider layoffs and reduced production. Industry representatives are urging the government to expedite trade talks and provide support to mitigate…
Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, opened flat in trade on Tuesday. While Nifty50 was below 24,600, BSE Sensex was near 80,500.
Asian stocks experienced gains, led by Japan’s Nikkei reaching a record high, following the US-China tariff truce extension. This eased trade tensions and stabilised oil prices. Australia’s index also hit a record high amid expectations of interest rate cuts. Investors are now focused on upcoming US consumer price inflation data and its potential impact on…
Stock market recommendations: Mirae Asset Sharekhan suggests selling Hindustan Zinc, citing a break of a flag pattern and downward trendline, targeting Rs 390. Conversely, L&T is a buy recommendation, as it broke a consolidation and resumed its uptrend, with a target of Rs 3800.
Indian investors showcased unwavering confidence in July, doubling down on mutual fund investments, primarily through equity schemes. Gross SIP flows soared past ₹28,000 crore, while monthly equity flows exceeded ₹42,000 crore. The industry’s total assets under management reached a record ₹75.4 lakh crore, despite a strong dollar and foreign fund outflows.
