Highlights: Commerce dept studying opportunities that may arise due to Trump tariffs, says ministry

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11:09 PM

Prices of coffee, cocoa slide as Trump's tariffs spark demand worries

9:39 PM

US tariffs not to have any material impact on India's passenger vehicle exports: ICRA

The latest tariff measures by the US administration will not have any material impact on India's passenger vehicle exports due to meagre volumes of such shipments, ICRA said on Thursday.

9:13 PM

Sanjeev Sanyal removed as Gokhale Institute of Politics & Economics Chancellor

Former HC judge SC Dharmadhikari to replace Sanyal

9:09 PM

Bajaj Finance Says AUM grew by 26% y-o-y as of March 31

8:58 PM

Trump to fire several National Security Council officials over concerns they're not sufficiently loyal

8:35 PM

Lok Sabha passes Coastal Shipping Bill 2024; will give fillip to maritime commerce, says Sonowal

8:06 PM

Trump's trade tariffs are a shock to international trade: French President Emmanuel Macron

7:03 PM

Sebi exempts govt from making open offer to Vodafone Idea's shareholders post-dues conversion

6:24 PM

Shah to step up visits to Bihar, Bengal, TN as Assembly polls approach

The next round of Assembly polls on his mind, Home Minister Amit Shah is tipped to be travelling to Bihar, West Bengal and Tamil Nadu this month and frequently afterwards as the BJP looks to retain power in Bihar with its allies and expand its footprints in the two other states.

6:20 PM

Lok Sabha passes Coastal Shipping Bill, 2024

The Bill seeks to regulate vessels engaged in trade within Indian coastal waters.

6:10 PM

'India’s rising soft power may enable it to form new bilateral trade pacts'

Speaking on US tariffs, Dr VP Singh Program Director, PGDM Professor, Great Lakes Institute of Management, Gurugram, said, "We faced similar situation in 2018 too. Donald Trump had levied global tariffs of 25% on steel and 10% on aluminium under Section 232 of the Trade Expansion Act, 1962. Exports of these items from India to US have risen significantly despite these tariffs. This time Steel and aluminium have been spared from reciprocal tariffs. With the current onslaught of tariffs, the general emotion prevailing is that of fear. Fear is seldom real and it is generally blown out of proportion. 27% tariff on Indian merchandise exports is certainly a pain however higher tariffs levied on competing countries like China (54%), Bangladesh (37%), Pakistan (29%), Vietnam(46%), and Sri Lanka(44%) may be viewed as gain. It will be interesting to see how non-price factors will shape the demand for our exports." 

 

Singh added, "We know quantity demanded depends not just on the price but many other factors. Retaliatory response by many countries like China, Canada and EU may open up new trade avenues. Another important dimension that needs to be looked into is the macroeconomic impact of the retaliatory tariffs. Negative impact on China’s GDP in turn will hurt Indian exports to China and likewise to other countries. Global GDP growth is largely expected to contract significantly. In this gloomy and hazy global business environment, India’s rising soft power may enable it to form new bilateral trade pacts and thus benefit the country."

5:40 PM

'Tariffs will raise consumer prices in US, leading to a slowdown in US economy'

Speaking on US tariffs, Vidya Mahambare, Union Bank Chair Professor of Economics and Director, Research, Great Lakes Institute of Management, Chennai, said, "US tariffs, if not reversed or lowered in the next few months, will disrupt global trade since the US is a leading importer of manufacturing goods, both intermediate and final, from several countries. It will also raise consumer prices in the US, leading to a slowdown in the US economy. Consequently, economic growth in several other countries which are dependent on the US markets will slow, resulting in a loss of jobs, especially in labour-intensive sectors."

 

Mahambare added, "The adverse impact on manufacturing exports for India may be cushioned by the fact that India is also a major exporter of IT services to the US, which are not directly impacted. However, if the US economy slows substantially, service exports will also decline. If slowing exports lead to excess stocks in the domestic market, consumer inflation in India may slow down. Also, if global growth slows, crude oil prices may fall, lowering pressure on fuel inflation. However, potential rupee depreciation could lead to increased prices of imported items. Given that the inflation forecast is unlikely to be significantly affected upwards and there are higher downside risks to growth due to the Trump tariffs, the RBI will continue its focus on  supporting growth and lowering the repo rate."

5:30 PM

Airlines received 24 hoax bomb calls this year till March 25: Govt

Airlines received 24 hoax bomb threat calls this year till March 25, the government said on Thursday.

5:12 PM

This is a very serious matter, says SC on tree felling on land adjacent to University of Hyderabad

What was the compelling urgency to undertake activities, including removal of trees? SC asks Telangana chief secretary. 

4:56 PM

We have decided to elevate India-Thailand ties to level of strategic partnership: PM Modi

India and Thailand support free, open, inclusive, rule-based order; we believe in policy of 'development-ism, not expansionism,' says PM Modi.