)
The BSE Sensex tumbled 571 points in the intraday to hit a low of 81,429.33. The NSE Nifty50 also slipped below the 25,000 mark
White House trade adviser Navarro also said that New Delhi is acting as a "laundromat for the Kremlin" by purchasing discounted Russian crude oil, refining it, and selling the products
As of Aug 29, President Donald Trump is ending the so-called de minimis exemption that has applied to more than 4 million parcels processed by US Customs and Border Protection each day
The continued normal monsoon, falling inflation, and the S&P Global Ratings upgrade also contributed to the market recovery despite the US tariff threats, said Chokkalingam
India's External Affairs Minister S Jaishankar said that the US itself had encouraged India to stabilise the world energy market by continuing to buy crude oil from Russia
The cuts follow a lacklustre season of quarterly earnings reports extending a bout of weakness among listed firms which kicked off last year and has hurt benchmark equity indexes
Russia said Indian goods are welcome in its market as the US raises tariffs; a top Russian diplomat defended India's oil imports and called Western sanctions unfair and one-sided
The imposition of higher tariffs by the US will significantly impact the micro, small and medium enterprise sector, which accounts for around 45 per cent of India's exports, while MSMEs in textiles, diamonds and chemicals are likely to be the most hit, a report by CRISIL Intelligence said. The US levies ad valorem duty of 25 per cent on Indian goods. However, it has imposed an additional 25 per cent tariff which will be effective from August 27 this year. This brings the total tariffs to 50 per cent, which will have a meaningful impact on several sectors in India, the report said. Textiles, gems and jewellery, which account for 25 per cent of India's exports to the US, are likely to be most affected. The MSMEs have more than 70 per cent share in these sectors and will be hit hard, the report said. Another sector which is likely to face the heat is chemicals, where MSMEs have a 40 per cent share. The gems and jewellery sector at Surat in Gujarat, which dominates diamond exports, wil
Trump doubled India's tariff rate to 50 per cent for its continuous purchase of Russian energy at a time when the US President has been trying to broker a ceasefire deal between Russia and Ukraine
Fitch says Indian pharma, oil marketing companies and auto exporters face downside risks from US tariffs, with Biocon and HPCL-Mittal flagged as vulnerable
The decision offers a glimmer of good news for Trump, who has pushed back against arguments that his historic program of tariffs will damage the US economy
Indian Rupee today: The domestic currency opened 10 paise higher at 87.25 against the dollar on Tuesday, according to Bloomberg
"The proposal to extend the loan default period for MSMEs from 90 days to 180 days is likely to be taken up by the Cabinet soon," the official said
In the early 1990s, George HW Bush's trade officials threatened sanctions that could have squeezed Indian exports, but cautious reforms helped New Delhi avoid a tariff war
Stock Market Highlights on Monday, August 18, 2025: Auto, consumer durables (mainly electronics) and realty stocks were the big winners in market today on talks of restructuring GST slabs.
Sensex, Nifty rally: Twenty-five of the 30 Sensex constituents were trading in green, including Maruti Suzuki, Bajaj Finance, Ultratech Cement, Mahindra and Mahindra, Trent, and Hindustan Unilever
Even after a recent rally, Chinese indexes have only just returned to levels seen in the aftermath of a dramatic bubble burst a decade ago
A US team, which was scheduled to visit India from August 25, for the next round of negotiations for the proposed bilateral trade agreement is likely to defer the meeting to a later date, an official said. So far, five rounds of talks have been completed for the proposed bilateral trade agreement (BTA) and a US team is scheduled to visit India for the sixth round of talks. The negotiations were scheduled from August 25-29. "This visit is likely to be rescheduled," the official, who did not wish to be named, said. Deferment or rescheduling of the meeting assumes significance as the US has announced a staggering 50 per cent duty on Indian goods. The US is pressing for greater market access in politically sensitive areas such as agri and dairy sectors, which India cannot accept as it affects the livelihood of small and marginal farmers. India has stated that it will not compromise the interests of farmers and cattle rearers. The US and India have announced plans to conclude the fir
EU officials said disagreements over language relating to non-tariff barriers, which the US said include the digital rules, are among the reasons for the hold-up
US President Donald Trump said the US may not add extra tariffs on India for buying Russian oil, leaving room for change of plans after India faced 50 per cent tariffs