Global funds’ assets under custody (AUC) in India have been flat this year, with a Rs 2 trillion drop in information technology (IT) holdings offset by gains in financial stocks. Illustration: Uttam Ghosh AUC is the total market value of
Stock market benchmark indices tumbled on Thursday, with the Sensex cracking 706 points, as the additional 25 per cent tariff imposed by US President Donald Trump on India for its purchases of Russian oil came into effect. Photograph: Francis Mascarenhas/Reuters
‘If the near-term economic pain is absorbed more by those who have the ability and the financial strength to do so, then small and medium enterprises in downstream industries will emerge stronger from the trade imbroglio.’ Illustration: Dominic Xavier/Rediff
Communication channels between India and the US are open to resolve the ongoing tariff issues, and the glitch in trade ties is only temporary, given the long-term relationship between the two nations, government sources said on Wednesday. Illustration: Dominic Xavier/Rediff
The USA’s steep 50 per cent tariffs on Indian goods entering America will severely impact exports and job creation in labour-intensive export sectors such as shrimp, apparel, leather and gems and jewellery. Illustration: Dominic Xavier/Rediff Exporters said that the imposition
Ratings firm Crisil said on Wednesday that the uncertainties surrounding the US tariffs might be a new hindrance to capital expenditure decisions in the current financial year. Illustration: Dominic Xavier/Rediff The additional 25 per cent tariff imposed by US President
Japanese automaker Suzuki Motor Corporation will invest Rs 70,000 crore in the next five to six years in India to strengthen its operations in the country, its representative director and president Toshihiro Suzuki said on Tuesday. IMAGE: Prime Minister Narendra
iPhone-maker Apple on Tuesday announced that it will open a new store in Pune next week. Photograph: Lucas Jackson/Reuters The latest move marks a significant expansion for Apple in the country, offering customers in Pune new ways to explore and
Apex exporters body FIEO on Tuesday expressed serious concerns over high US tariffs on Indian goods and said that textiles and apparel manufacturers in Tirupur, Noida, and Surat have halted production amid worsening cost competitiveness due to these steep duties.
Equity benchmark index Sensex tumbled 849 points to slip below the 81,000 level on Tuesday due to widespread selling pressure after the US issued a draft notice over the implementation of an additional 25 per cent tariff on Indian products.
