)
New Delhi seeks removal of penal tariffs on Russian oil purchases as Washington pushes soybean and corn sales, with both sides aiming to seal a trade pact by fall
Trump's 100% tariffs on branded drugs will spare Indian generics, though analysts see exposure for Sun Pharma, Biocon and Aurobindo, with Jubilant Pharmova set to benefit
Finance ministry warns tariff risks could hit jobs and consumption, while GST rationalisation and reforms are seen as key to sustaining India's growth amid global uncertainties
On Thursday, Trump announced another round of tariffs, which would go into effect on Oct 1, applying import duties ranging from 25 percent to 100 percent on pharmaceuticals, heavy trucks, etc
The index tracking domestic pharmaceutical stocks hit a low of 21,390 and then recouped some losses to end at 21,507
The EU is preparing 20 anti-dumping investigations against China to protect European industries from cheap imports and overcapacity in Chinese manufacturing
Sensex today | Stock Market crash highlights, Sept 26: In the broader markets, the Nifty MidCap index declined 2.05 per cent and the Nifty SmallCap index eased 2.2 per cent
Merck & Co., Novo Nordisk A/S and Eli Lilly & Co. are among firms that have started US builds since 2023, with construction sites in Delaware, North Carolina and Texas
Carysil stock, however, pared part of its losses after the company issued a clarification. Around 1:45 PM, the stock was trading 5.12 per cent lower at ₹806.40.
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