In US, jobless claims saw a slight increase last week. The rise hints at employers retaining staff despite trade uncertainties. Initial claims reached 226,000, surpassing expectations. This data offers a glimpse into the job market after a weak July report. The four-week moving average provides a stable trend view. Continuing claims also jumped, reaching the…
Nayara Energy faces severe fuel supply disruptions as shipowners halt operations due to EU sanctions linked to its Russian ownership. This forces the company to seek government assistance for alternative shipping solutions to maintain fuel distribution to key Indian demand centers.
Reserve Bank of India forecasts a rise in India’s merchandise imports. Imports are expected to grow faster than exports in the coming financial years. This trade gap may impact India’s external balance. GDP is projected to grow steadily. Private consumption and capital formation are also expected to increase. Inflation is estimated to remain moderate initially,…
The Chamber of Trade and Industry (CTI) has expressed strong concerns over the US’s decision to impose a 25% additional tariff on Indian goods, escalating the total duty to 50%. CTI warns of significant repercussions for India’s export-oriented businesses, particularly in sectors like engineering, gems, textiles, and pharmaceuticals.
Donald Trump’s doubled tariffs on India, targeting its Russian oil trade, aim to pressure Putin on the Ukraine war. India faces a complex balancing act between maintaining ties with Russia and the US, its largest trading partner. While India may gradually reduce Russian oil dependency, a complete shift is unlikely due to economic and political…
Donald Trump has announced a 25% ‘secondary tariff’ on Indian goods, effective August 27, to penalize India’s oil purchases from Russia. This aims to pressure India to sever ties with Russia, similar to secondary sanctions. The US tracks oil tanker movements via satellite to monitor countries buying Russian oil.
India’s gem and jewellery industry is reeling from US President Trump’s decision to double import tariffs to 50%. The industry plans to establish manufacturing units in the UAE and Mexico to circumvent the high tariffs and maintain access to the crucial US market. Industry leaders fear significant disruptions and job losses if alternative routes aren’t…
Donald Trump’s proposed 50% tariff on Indian exports casts a shadow over Indian stock markets, impacting sectors like textiles and auto ancillaries. While export-oriented businesses face challenges, analysts suggest focusing on domestic consumption-driven sectors. A potential market dip presents a buying opportunity for long-term investors, leveraging India’s resilient economy.
President Trump announced a significant 100% tariff on imported computer chips and semiconductors, potentially raising prices for various tech products. This policy shift aims to incentivize domestic chip manufacturing, benefiting companies like Apple, Nvidia, and Intel, which have invested heavily in US production. Following the announcement, Apple shares surged, reflecting positive investor sentiment towards the…
Gold rate today: Gold prices rose on Thursday as investors sought safe-haven assets amid escalating trade tensions between the US and India, triggered by increased tariffs imposed by President Trump. The dollar’s weakness, following disappointing US jobs data, further bolstered gold’s appeal, with expectations rising for a potential interest rate cut by the Federal Reserve…
