Dalal Street took a hit this week as more than 440 out of 500 stocks on the BSE 500 ended in red after two heavy blows from US President Donald Trump. The BSE 500 index dropped 3.3% while 17 names fell by double digits and lost as much as 14%. All sectors closed lower on…
India, Brazil and South Africa have raised concerns over unilateral tariffs and other coercive trade measures, saying such steps risk destabilising global markets and undermining the World Trade Organisation (WTO).At a meeting under the IBSA framework (India, Brazil, South Africa), the three nations described these measures as “discriminatory” and “inconsistent” with WTO rules.The meeting was…
MUMBAI: Fresh tariff-related jitters, weakness of the rupee and foreign fund selling pulled the sensex down by 733 points on Friday to 80,246 points, near its four-week low. As US President Donald Trump announced a fresh set of tariffs on imports of pharmaceutical products, most pharma stocks closed deep in the red. Nifty was down…
NEW DELHI: Government on Friday said that a team led by commerce and industry minister Piyush Goyal, which met United States Trade Representative Jamieson Greer and ambassador designate Sergio Gor, held “constructive” talks on several aspects of the proposed trade deal.“Both sides exchanged views on possible contours of the deal and it was decided to…
Union railway minister Ashwini Vaishnaw announced on Saturday that India’s first bullet train will soon be a reality, with the Surat to Bilimora stretch set to become operational by 2027.He said work on the stations and tracks is making “really good progress” and that several new technologies on the tracks could benefit future railway projects…
Iraq has restarted oil exports from its autonomous Kurdistan region, ending a suspension that lasted more than two years because of legal disputes and pipeline closures.Baghdad’s oil ministry confirmed on Saturday that crude is once again moving through the Iraq-Turkey pipeline. The line, which had been closed since 2023, has been at the centre of…
NEW DELHI: Prime Minister Narendra Modi on Saturday inaugurated development projects worth over Rs 60,000 crore in Odisha, spanning telecom, railways, healthcare, higher education, and skill development. In a landmark for India’s telecom sector, PM Modi launched BSNL’s indigenous 4G ‘Swadeshi network stack’, placing the country among a select group—including Denmark, Sweden, South Korea, and…
Bank holiday today: Banks across India, including major lenders like the State Bank of India (SBI), will observe holidays this weekend as per the Reserve Bank of India (RBI) calendar. Regular RBI holidays include all Sundays, as well as the second and fourth Saturdays of each month.This week, bank closures will include:September 27–28 (Saturday-Sunday): Pan-India…
MUMBAI: The impact of restrictions on H-1B visas by the United States on remittances by overseas Indians would be within $5bn, according to a Barclays research report. The report also said that the rising trend of global capability centers (GCCs), which includes many US-headquartered firms, is here to stay and would strengthen further amid this…
US President Donald Trump‘s announcement of a 100% tariff on imported “branded and patented pharmaceutical products” has rattled the global pharma industry, though Indian generic drug makers are largely expected to remain unaffected for now.Trump, in a post on Truth Social on Thursday, stated: “Starting October 1st, 2025, we will be imposing a 100% Tariff…