)
Among individual counters, Sun Pharma slumped 4.87 per cent to a fresh 52-week low of ₹1,548, while Gland Pharma tumbled 4.70 per cent to ₹1,880. Biocon declined 3.68 per cent to ₹342.85.
Shares of pharmaceutical companies across Asia tumbled in the aftermath, with Japan's Topix pharmaceutical index last down 1.2 per cent, while Hong Kong-listed innovative drug index fell 2 per cent
Indian pharma shares - Dr.Reddy's, Cipla, Sun, Lupin and Aurobindo Pharma stare at up to 30 downside risk hint technical charts as US President Donald Trump announces 100% tariff on pharma imports.
Trump said the new tariffs would not apply to companies that are actively building pharmaceutical manufacturing facilities in the US
Donald Trump hosted Pakistan PM Shehbaz Sharif at the White House, marking a thaw in US-Pakistan ties as India-US relations remain tense over tariffs and Russian oil imports
The Trump administration has launched trade probes on robotics, industrial machines, and medical devices, paving the way for possible tariffs to boost US manufacturing
The current tensions centre primarily on trade disputes, with the Trump administration imposing additional tariffs on India over various commercial issues
Wang said China and the US have reached a series of important consensus results after several rounds of economic and trade consultations
China has said it would no longer seek the special treatment given to developing countries in World Trade Organisation agreements a change long demanded by the United States. Commerce Ministry officials on Wednesday said the move was an attempt to boost the global trading system at a time when it is under threat from tariff wars and protectionist moves by individual countries to restrict imports. They did not mention the United States by name or President Donald Trump's imposition of tariffs on many other countries this year, including China. The US has long argued China should give up the developing-country status because it is the world's second-largest economy. The advantages of that designation at the WTO include lower requirements to open their markets to imports and longer transition periods to implement such market-opening steps. The WTO provides a forum for global trade talks and enforces agreements but has become less effective, prompting calls for reform. The head of th
EXIM Bank is also offering more shorter-tenure credit and credit against future receivables to address exporters' immediate working capital needs
Rubio made the comments in an interview with Good Morning America, stating that Trump's additional tariffs on India were part of actions taken against Russia for its war on Ukraine
This is not the first time Trump has made such claims. However, New Delhi has repeatedly rejected them, emphasising that its purchases are essential for energy security
A top-level India-US delegation is set to meet in New Delhi today to discuss bilateral trade and chart a neutral roadmap. This will be the first in-person talks between the two countries since US Pres
Sensex Today | Stock Market Highlights, Sept 23: On the sectoral front, the Nifty FMCG index shed 1.3 per cent; while PSU Bank and Metal indices gained 1 per cent each on Tuesday.
The full impact from an overall effective tariff rate imposed by the White House of 19.5 per cent - the highest since 1933 - has yet to be felt, officials said
Countries locked in tariff talks with Trump are hesitant to spark another trade war with China, giving Beijing relief from US levies once expected to slash its annual growth rate
India has borne the brunt of policy changes by the US administration, with a 25 per cent reciprocal levy on the country being doubled because of its purchases of Russian oil
President Trump, however, suggested in a post that the two leaders had already reached an approval for the sale of TikTok's US operations
The revocation of the sanctions waiver comes as a challenge for India, as it is involved in the development of a terminal at Chabahar Port
US President Donald Trump is expected to talk with Chinese leader Xi Jinping on Friday in a push to finalise a deal to allow the popular social media app TikTok to keep operating in the United States. The call also may offer clues about whether the two leaders might meet in person to hash out a final agreement to end their trade war and provide clarity on where relations between the world's two superpowers may be headed. It would be the second call with Xi since Trump returned to the White House and launched sky-high tariffs on China, triggering back-and-forth trade restrictions that strained ties between the two largest economies. But Trump has expressed willingness to negotiate trade deals with Beijing, notably for the social video platform that faces a US ban unless its Chinese parent company sells its controlling stake. The two men also spoke in June to defuse tensions over China's restrictions on the export of rare earth elements, used in everything from smartphones to fighter