Buisiness

India’s pharma sector has emerged as a big winner amid Trump’s tariff woes, as the US has exempted pharmaceuticals from reciprocal tariffs, recognizing the vital role of India’s generic medicines in global healthcare. This decision comes amid US President Donald Trump’s announcement of 27 percent tariffs on imports from about 60 countries, including India, in…

Raghuram Rajan (File photo) NEW DELHI: Former Reserve Bank of India (RBI) governor Raghuram Rajan on Thursday described the Trump administration’s new reciprocal tariffs on about 60 countries as a “self-goal,” and said that the move will primarily hurt the US economy in the short run. Rajan, however, mentioned that the impact on India would…

The imposition of US tariffs presents both opportunities and challenges for the Indian textile industry. (AI image) By Paresh ParekhThe United States has imposed significant tariffs on textile imports from various countries, aiming to protect domestic industries and address trade imbalances. Under the Trump administration, around 27% reciprocal tariff was levied on Indian textile imports….

The US stock market plunged sharply on Thursday, with the Dow Jones Industrial Average dropping 1,400 points, or 3.3%, amid widespread concerns triggered by President Donald Trump’s latest set of severe tariffs. According to news agency AP, the S&P 500 fell 4%, while the Nasdaq Composite dropped 5.1%, reflecting a broader global market sell-off. At…

Technology stocks plunged on Thursday after President Donald Trump’s new tariff policies triggered widespread market panic.Apple led the sharp decline among the “Magnificent Seven” tech stocks, dropping nearly 9%. The iPhone maker, which manufactures many of its devices in China and other Asian countries, is on track for its biggest drop since 2020, according to…

NEW DELHI: The government will sell up to 4.83 per cent stake in Mazagon Dock Shipbuilders at a floor price of Rs 2,525 per share. “Offer for Sale in Mazagon Dock Shipbuilders Limited (MDL) opens tomorrow for Non-Retail investors. Retail investors can bid on Monday. Government will divest 2.83% equity with an additional 2% as…

The imposition of US tariffs on Indian gems and jewellery is a significant blow to an already struggling sector By Paresh ParekhUS tariffs of around 27% wef April 2025 on Indian gems and jewellery has sent shock waves through the industry. This proposal is likely to significantly impacts India’s exports to its largest market. Previously,…

Approximately $1.7 trillion vanished from the US’ S&P 500 Index when trading began on Thursday, as concerns grew that President Donald Trump’s extensive tariffs could trigger an economic recession.Companies with overseas manufacturing dependencies suffered the most significant losses. Apple Inc., which produces most of its US-marketed devices in China, declined 8% after opening. Lululemon Athletica…

The US trade deficit narrowed in February, according to data released by the Commerce Department on Thursday, which was collected before President Donald Trump launched his latest round of global tariffs. The trade gap shrank by 6.1% to $122.7 billion, slightly exceeding analysts’ expectations, according to news agency AFP. In February, Trump introduced, then paused,…

President Donald Trump speaks during an event to announce new tariffs in the Rose Garden at the White House, in Washington. AP/PTI US President Donald Trump’s latest wave of reciprocal tariffs has dealt a significant blow to numerous countries, with rates ranging from 10% to as high as 50%. However, five countries—Russia, Canada, Mexico, North…