Page 8 - Us Tariffs

Stock market close highlights: Sensex rises 583 pts; Nifty at 25,077; IT, private banks lead rally

Sensex Today | Stock Market close highlights: In the broader markets, the Nifty Midcap 100 and Nifty Smallcap 100 indices were trading higher by 0.89 per cent and 0.28 per cent, respectively

Unimech Aerospace falls 5% as Q2 revenue affected due to tariff imposition

The selling pressure on the counter came after the company informed that it continued to experience a slowdown in revenues in the September quarter (Q2FY26)

DGFT extends RoDTEP scheme till March 2026 amid steep US tariffs

The Directorate General of Foreign Trade has extended the RoDTEP scheme till March 2026, ensuring policy continuity for exporters navigating US tariff hikes and global headwinds

Chinese firms' low profit margins face new risks from Trump tariffs

The net profit margins of US listed companies in tradeable goods averaged around 12 per cent last year, more than double the 4.9 per cent of their Chinese peers

Best of BS Opinion: GST 2.0 reforms miss underlying core principles

Today's pieces look at the available space for more rate cuts, the sorry state of tribunals, why GST reforms are not really that, and how India can harness its vast non-export MSME sector

US needs to 'fix' countries like India and Brazil: Lutnick amid tariff row

Commerce Secretary Howard Lutnick has said that the US will have to fix countries like Brazil and India, asserting that these nations need to react correctly to America by opening their markets and refraining from actions that could harm American interests. The Trump administration has imposed 50 per cent tariffs on India, including a 25 per cent tariff on New Delhi's purchases of Russian oil, among the highest tariff rates imposed on any country in the world. "We have a bunch of countries to fix, like Switzerland, Brazil, India - these are countries that need to really react correctly to America. Open their markets, stop taking actions that harm America, and that's why we're off sides with them," Lutnick said in an interview with NewsNation. Lutnick said that these countries have to understand that if "you want to sell to the US consumers, you've got to play ball with the President of the United States." Apart from India and Brazil, Lutnick also mentioned countries like Taiwan and

Sun Pharma hit by US tariff risk, but earnings impact to remain limited

The imposition of a 100 per cent tariff by the US on imports of branded and patented pharmaceutical products starting October 1 may not significantly hurt Indian drug makers, with Sun Pharma being exposed to some headline risk but with limited earnings impact, according to analysts. Among Indian companies, only Sun Pharma has sizeable sales from patented drugs in the US (about 17 per cent of 2024-25 revenue), HSBC Global Investment Research said in a report. The US last week announced the imposition of a 100 per cent tariff on branded or patented drugs entering the United States from October 1, except for pharmaceutical companies building manufacturing plants in the US. The exemption covers projects where construction has started, including sites that have broken ground or are under construction. HSBC said Sun Pharma reported global sales of USD 1.217 billion from patented products in FY25, of which the US market accounted for about USD 1.1 billion (85-90 per cent of global sales),

US tariffs threaten $3.1 bn Singapore pharma exports, trade talks continue

This is a concern for Singapore as pharmaceuticals form around 13% of all Singapore exports to the U.S., said Gan

ICICI, Axis, SBI: Nomura prefers large banks over small amid tariff jitters

Nomura's top picks in the current tariff scenario include ICICI Bank (Buy), State Bank of India (SBI) (Buy), and Axis Bank (Buy)

US probes Waaree Energies over alleged duty evasion on Chinese solar cells

US Customs as started a formal investigation of Waaree and Waaree Solar Americas Inc over suspected evasion of anti-dumping duties, imposing interim measures on solar imports

US economy shows surprising 3.8% growth rate after major revision of Q2 GDP

The US economy expanded at a surprising 3.8 per cent from April through June, the government reported in a dramatic upgrade of its previous estimate of second-quarter growth. US gross domestic product the nation's output of goods and services rebounded in the spring from a 0.6 per cent first-quarter drop caused by fallout from President Donald Trump's trade wars, the Commerce Department said Thursday. The department had previously estimated second-quarter growth at 3.3 per cent. The first-quarter GDP drop, the first retreat of the US economy in three years, was mainly caused by a surge in imports which are subtracted from GDP as businesses hurried to bring in foreign goods before Trump could impose sweeping taxes on them. That trend reversed as expected in the second quarter: Imports fell at a 29.3 per cent pace, boosting April-June growth by more than 5 percentage points. Consumer spending rose at a 2.5 per cent pace, up from 0.6 per cent in the first quarter and well above the

Govt aims to expand trade in energy products with US: Piyush Goyal

India assures US of a bigger role in its energy security, with plans to boost trade in energy and nuclear cooperation, while avoiding mention of Russian oil imports amid tariff tensions

GJEPC urges FM for relief as US tariffs hit gems and jewellery sector

The Gem and Jewellery Export Promotion Council (GJEPC) on Wednesday met with Finance Minister Nirmala Sitharaman and sought urgent relief measures for the sector, which has been severely impacted by the recent 50 per cent tariff imposed by the US, a statement said. GJEPC stated that the resumption of India-US trade discussions is encouraging, but the immediate introduction of relief measures to help the sector survive and sustain employment is essential as the talks may take time to conclude. "We are pleased that India-US trade discussions have resumed, which is encouraging news. However, the process may take time, and until a resolution is achieved, it is essential to introduce relief measures to help the sector survive and sustain employment, the industry body stated. "We have requested allowing SEZ units to undertake reverse job work and DTA sales to keep factories and artisans engaged, extending export obligation periods for the US shipments, and providing an interest moratorium

Datanomics: Corn symbolises thorny issues in US-India trade talks

India's corn imports from the US were just $ three million in FY18, accounting for 0.3 per cent of total agricultural imports from that country

Flash PMI eases to 58.5 in September on weak export orders

India's Flash PMI slowed in September as weak export orders hurt manufacturing while domestic demand ahead of festivals offered support, easing price pressures and lifting confidence

US tariff impact: Cut and polished diamond exports to fall 17-20% in FY26

India processes over 90 per cent of the world's polished diamonds by volume and exports nearly 47 per cent of the country's total gems and jewellery exports

US calls Piyush Goyal's visit for trade talks an important step forward

According to people aware of the matter, Goyal will meet United States Trade Representative (USTR) Jamieson Greer this week on the sidelines of the United Nations General Assembly

Tariff turbulence: Mass-market products feel the US tariff pinch

US tariff hikes choke Indian exports; apparel, textiles, auto parts and gems face slowdown as workers in NCR clusters fear job losses

India-US relations mired in tariffs, personal ambitions and mistrust

The chief complaints of the Trump administration have centred on 'higher' tariffs charged by India on American goods and the trade surplus India enjoys with the US

Markets hit two-month highs on Fed hopes and trade optimism; rupee rebounds

Indian equities rose to two-month highs on optimism around India-US trade talks and expectations of a US Fed rate cut, with strong FPI and DII inflows supporting sentiment