The benchmark Nifty50 index fell almost 17 per cent amid sell-off by foreign investors, weak corporate earnings and global uncertainties due to the US tariffs
The current global tariff environment notwithstanding, India is expected to stay competitive due to its vast domestic market, scale advantages, and focus on innovation, Union Minister Jyotiraditya Scindia has said asserting that seen even from the lens of a comparative matrix of tariffs vis-a-via other nations, India holds a more favourable position. In a recent interview to PTI, Scindia - who is the Minister for Communications as well as Development of North Eastern Region (DoNER) -noted that given that other nations too face varying levels of tariffs, India will likely emerge "fiercely and much more competitive" across numerous products than before. The lucrative domestic market has drawn global multinational companies to set up a significant presence here, he said and cited the strong pace of India's economic growth and New Delhi's policy push on manufacturing and innovation. "So I do believe that irrespective of the prevailing environment of tariffs, India will continue to be ..
While US President Donald Trump has claimed progress is being made on trade with China, and many other countries, actual evidence is lacking
Pharmaceutical products have long been spared from trade wars due to the potential harms, but he has repeatedly threatened a 25 per cent tariff on pharmaceutical imports
US reciprocal tariffs may cause friction in the short term for the maritime sector but over the long term, India's fundamentals remain strong, says Synergy Marine Group CEO. US President Donald Trump on April 2 imposed reciprocal tariffs on around 60 countries, including India, disrupting global trade. The US later suspended reciprocal tariffs until July 9 but has imposed base import tariffs of 10 per cent on all countries. On the likely impact of US reciprocal tariffs and trade uncertainty on the Indian shipping industry, Synergy Marine Group CEO Jesper Kristensen said, In the short term, they (tariff actions) may cause friction. Over the long term, India's fundamentals remain strong. The country's expanding port capacity, growing export base, and skilled workforce make it a resilient and adaptive player in global shipping, Kristensen added. Synergy Marine Group is a global ship management company. When asked about the impact of trade uncertainty on jobs in the shipping sector, .
Economists say beneath the headline growth numbers is an economy not generating enough well-paying jobs for millions of young people entering the labour market every year
The MPC decided to cut the policy repo rate by 25 basis points earlier this month, after reducing the rate by a similar magnitude in the February meeting
He added that he expected potential growth rate of around 7% could be achieved over the next decade, though India needed to expand its economy
Haridasan believes that the 90-day pause on the new US reciprocal tariffs provides temporary relief but does not eliminate the uncertainty
According to industry experts, if the 26 per cent tariffs are imposed on India's goods, it is expected to put pressure on marine and trade risk insurance in the country
The finance minister praised the resilience of India's financial markets amid global uncertainties and commended the growing confidence of retail investors
Electric ride-hailing startup BluSmart has abruptly halted new ride bookings in most parts of Delhi-NCR and Bengaluru. While the app remains live on the Play Store, users are unable to schedule rides.
It was once hailed as the guardian of global trade. But today, the World Trade Organization—or WTO—looks like an institution on life support. The rules are being broken. The courts aren’t working.
Moody's Ratings on Wednesday said US tariffs will weaken credit conditions and raise defaults risks especially for low-rated and speculative grade corporates. It said that an unpredictable US trade policy will lead to a deterioration in global credit conditions and macroeconomic impact will slow growth with a growing possibility of recession. "Non-financial corporate sectors are most at risk from tariffs. Low-rated, speculative-grade companies will be affected by their reliance on debt markets. Risks for most banks and sovereigns are indirect through economic weakness," Moody's Ratings said in a report on US tariffs. On April 9, the US administration authorised a 90-day pause on the implementation of most reciprocal tariffs, reverting to a universal rate of 10 per cent on almost all targeted countries, while raising tariffs on most goods from China to 145 per cent. On April 16, US further hiked tariffs on exports from China to 245 per cent. "The tariffs have shocked financial marke
Stock Market Today, April 16, 2025: GIFT Nifty futures indicated a negative start. As of 6:57 AM, GIFT Nifty futures were down 63 points at 23,278
To monitor how supply chains reshuffle; freight rates up for 2nd week in a row
Beyond economic considerations, the exclusions appear to be part of a broader strategy to reduce inflation concerns and mitigate disruptions in supply chains
China said it will raise tariffs on US goods from 84% to as much as 125%, effective Saturday.
The commerce ministry is actively tracking developments in global trade, particularly in relation to tariff changes, import surges, and export-related challenges, an official statement said on Friday. In this backdrop, the Directorate General of Foreign Trade (DGFT) has operationalised a dedicated 'Global Tariff and Trade Helpdesk' to assist stakeholders in navigating emerging trade issues, the commerce ministry said. "Given the evolving trade landscape and the introduction of various tariff and counter-tariff measures, there may be both new export opportunities and heightened import pressures from specific countries or product sectors," it said. The helpdesk would look into issues relating to import and export challenges, import surges or dumping, EXIM Clearance, logistics or supply chain challenges, financial or banking issues, and regulatory or compliance issues. It will also collect and collate trade-related issues concerning other ministries/ departments or agencies of central
The US government has suspended 26 per cent reciprocal tariffs for India till July 9, 2025; however, the base tariff of 10 per cent will continue to be enforced