UBS has downgraded Bharti Airtel to 'Sell' and Vi to 'Neutral', while keeping the target prices unchanged at ₹1,970 and ₹8.5, respectively.
The US takes about 40 per cent of apparel exports, helping to pull in $1.9 billion last year and make the industry Sri Lanka's third largest earner of foreign exchange, employing 300,000 people
Trump said trade talks have been going well with China and the European Union, which is the biggest bilateral trading partner of the US
A group of small businesses that won an order finding President Donald Trump's sweeping global tariffs illegal urged a federal appeals court to uphold that decision and block the trade levies
The lengthy, nearly 16,000-word Rio de Janeiro Declaration, which followed the summit, made all the right noises about "inclusive and sustainable" governance
"I hear good things about the talks with Europe. I hear good things about the talks with India," Stephen Miran, chairman of the White House Council of Economic Advisers said
America's largest trade partner, the European Union, is among the entities awaiting word Monday on whether US President Donald Trump will impose punishing tariffs on their goods, a move economists have warned would have repercussions for companies and consumers on both sides of the Atlantic. Trump imposed a 20% import tax on all EU-made products in early April as part of a set of tariffs targeting countries with which the United States has a trade imbalance. Hours after the nation-specific duties took effect, he put them on hold until July 9 at a standard rate of 10% to quiet financial markets and allow time for negotiations. Expressing displeasure the EU's stance in trade talks, however, the president said he would jack up the tariff rate for European exports to 50%. A rate that high could make everything from French cheese and Italian leather goods to German electronics and Spanish pharmaceuticals much more expensive in the US. The EU, whose 27 member nations operate as a single .
First tranche of bilateral trade pact likely in 2-3 days to avert higher US tariffs
The brokerage is bullish on Trent, DLF, and Indian Hotels among others as it anticipates higher risk appetite for high beta plays
The ongoing in-person round of talks between New Delhi and Washington is crucial, considering that the end of the 90-day pause on the US's plan to impose country-specific reciprocal tariffs on July 9
Section 899, dubbed the 'revenge tax,' was backed by House Republicans and the White House to counter what they saw as discriminatory taxes on US firms by several foreign nations
Japanese automakers make roughly 3.3 million cars in the US a year, a number that's far larger than the 1.37 million that they ship there, Akazawa said
The US economy is mostly in good shape but that isn't saving Federal Reserve chair Jerome Powell from a spell of angst. As the Fed considers its next moves during a two-day meeting this week, most economic data looks solid: Inflation has been steadily fading, while the unemployment rate is still a historically low 4.2%. Yet President Donald Trump's widespread tariffs may push inflation higher in the coming months, while also possibly slowing growth. With the outlook uncertain, Fed policymakers are expected to keep their key interest rate unchanged on Wednesday at about 4.4%. Officials will also release a set of quarterly economic projections that are expected to show inflation will accelerate later this year, while unemployment my also tick up a bit. The projections may also signal that the Fed will cut its key rate twice later this year, economists say. The prospect of higher inflation would typically lead the Fed to keep rates unchanged or even raise them, while rising unemployme
Anup Maheshwari, cofounder and chief investment officer at 360 ONE Asset, urges investors to stay disciplined, avoid the noise, and focus on long-term growth
India pushes for early tranche of trade deal to avoid potential 26% reciprocal tariff
The move comes after the EU, in its investigation, found that Beijing discriminated against foreign firms in procurement of medical devices
Nilekani cautioned that tariffs, which have become a lightning rod across the globe for their impact on various industries, are underscoring the need for companies to diversify their sourcing
As per media sources, the US government is likely to increase tariffs on imported steel and aluminium from existing 25% to 50% starting June 4, to support domestic manufacturing of metal in the US.
A new world economic order is emerging as a result of US tariff decisions, prompting central banks to consider options to handle the situation
Indian Rupee today: The domestic currency opened 16 paise weaker at 85.52 against the US dollar, after ending at 85.36 on Wednesday