business

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…

The rupee appreciated slightly to 87.67 against the US dollar following President Trump’s imposition of a 50% duty on Indian goods in response to continued Russian oil imports. This move threatens Indian exports and could negatively impact India’s GDP growth, potentially falling below 6% in FY26.

Tata Consultancy Services (TCS) will implement salary increases for approximately 80% of its workforce, primarily junior and mid-level employees, effective September 1, 2025. This compensation revision occurs as TCS plans to reduce its workforce by 12,000 employees this year.

Donald Trump’s administration has imposed a 25% tariff on Indian goods due to energy ties with Russia, hinting at similar actions against China. Trump indicated that secondary sanctions could target countries buying Russian oil, raising concerns about broader economic retaliation. MEA criticised the tariffs as unfair and asserted its right to protect national interests.

Top stock market recommendations: Nuvama Professional Clients Group’s Aakash K Hindocha suggests a cautious outlook on Nifty and Bank Nifty, anticipating potential sharp moves. He recommends buying Asian Paints, Cummins India, and Eicher Motors.

EID Parry, a Murugappa Group company, has reduced its standalone loss to ₹28 crore in the quarter ending June 30, 2025, compared to a loss of ₹79 crore in the same period last year.