In March, when Trump escalated trade tensions with China, Beijing initiated discreet diplomatic communications with India. (AI image) US President Donald Trump’s global tariff war has had one major consequence – India and China, the world’s second and fifth largest respectively – are growing closer, with focus on trade ties. The development is significant since […]
Industry says eco resilient, to pursue diversification strategy
New Delhi: Backing govt stand on the trade deal with the US, Indian industry on Wednesday said the economy remained resilient and businesses will pursue a diversification strategy to offset impact of 50% additional tariffs imposed by American President Donald Trump on Indian exports.While acknowledging challenges, Apparel Export Promotion Council chief Sudhir Sekhri wrote to […]
In Delhi’s neighbourhood, Trump tariff hits mood
Gurgaon: Either side of Delhi, the mood was grim Wednesday at India’s largest export hubs for readymade garments as 50% tariffs announced by US President Donald Trump kicked in, coinciding with the start of India’s festive season.The immediate effect is a halt in orders and bargaining from clients asking exporters to share the burden, industry […]
Gold & silver price prediction today: Gold rate exhibiting bullish trend – what’s the outlook and should you buy or sell?
Gold price prediction: The bullish sentiment in gold is supported by both technical and fundamental factors. (AI image) Gold and silver price prediction today: Gold prices are likely to continue their bullish trend in the near term, says Abhilash Koikkara, Head – Forex & Commodities, Nuvama Professional Clients Group. The analyst also believes that the […]
Stock market today: Nifty50 drops below 24,550; BSE Sensex down over 600 points as Donald Trump’s 50% tariffs hit India
Stock market today (AI image) Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, tanked in opening trade on Thursday a day after 50% US tariffs came into effect on India. While Nifty50 went below 24,550, BSE Sensex dropped over 600 points. At 9:27 AM, Nifty50 was trading at 24,539.05, down 173 […]
Top stocks to buy today: Stock recommendations for August 28, 2025 – check list
Top stocks to buy today (AI image) Top stock market recommendations: According to Aakash K Hindocha, Deputy Vice President – WM Research, Nuvama Professional Clients Group, Nykaa, Kaynes, and Dr Reddy’s Laboratories are the top buy calls for today. Here’s his view on Nifty, Bank Nifty and the top stock picks for August 28, 2025:Index […]
Rug pulled from under carpet industry
Varanasi: With the American market accounting for almost 60% of India’s carpet exports of Rs 16,000 crore, amounting to nearly Rs 9,600 crore, the tariff hike is making the industry sweat, reports Rajeev Dikshit. Already, 85% of orders from US buyers have been put on hold.The sector is now looking towards govt for relief as […]
$80-billion automobile components industry looks for path to steer around Trump wall
Gurgaon: Manesar, one of the three main engines alongside Chennai and Pune of India’s massive automobile sector, is bracing for impact as the 50% tariff regime comes into effect. But unlike garment exporters, the auto ancillary industry does not have to contend with a blanket 50% tariff, giving it some wiggle room. Jagdeep Rangar of […]
Jobs in industries rise by 5.9% in 2023-24: Survey
New Delhi: Employment in industries rose by a healthy 5.9% in 2023-24 to over 1.9 crore from 1.8 crore in the previous year, a survey showed on Wednesday. Meanwhile, the gross value added grew by 11.9% in current prices in the year 2023-24 compared to 2022-23.The ministry of statistics and programme implementation (MoSPI) released the […]
India may emerge as second-largest economy by 2038: EY report
NEW DELHI: India’s economy could reach $20.7 trillion in terms of purchasing power parity (PPP) by 2030 and may emerge as the second-largest economy by 2038 with $34.2 trillion GDP, an EY report said. The report also said with appropriate countermeasures, India can limit adverse impact of higher US tariffs on selected exports to about […]