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…
Wall Street and global markets took a sharp downturn Thursday following US President Donald Trump’s announcement of new tariffs on imports from around the world, stoking fears of an escalating trade war and rising recession risks, news agency AP reported. Futures for the S&P 500 plunged 3.4%, while Dow Jones Industrial Average futures dropped 2.8%,…
Russia President Vladimir Putin and US President Donald Trump US President Donald Trump has announced sweeping tariffs, imposing a minimum 10% levy on nearly all nations worldwide, with additional higher rates targeting approximately 60 countries. Notably, Russia was missing from the list of countries.During his announcement, Trump held up a board listing around 50 countries,…
AI generated image (Representative ) Industry leaders in India have expressed that the 27 percent reciprocal tariffs announced by US President Donald Trump will lead to a significant reshaping of global trade and manufacturing supply chains, although the impact on India’s resilient economy is expected to be marginal. Industry bodies emphasized that the full effect…
Gold prices reached a new high on Thursday(local time) after President Donald Trump’s declaration of new tariffs against most US trading partners.Gold surged past its previous record around 2300 GMT, climbing above $3,150 an ounce as investors sought refuge in the precious metal amid declining stock market futures.Gold trading continued its upward trajectory, reaching approximately…