A view of the Bombay Stock Exchange in Mumbai | Photo Credit: PTI Stock market benchmark indices Sensex and Nifty tumbled in early trade on Thursday (August 28, 2025) as the additional 25% tariff imposed by U.S. President Donald Trump on India for its purchases of Russian oil came into effect, weighing on investors’ sentiment….
Image used for representation purpose only. | Photo Credit: Reuters The rupee rose 10 paise to 87.59 against the U.S. dollar in early trade on Thursday (August 28, 2025), supported by a weaker dollar index and easing Brent crude prices. Besides, the Reserve Bank of India (RBI) stepped in to protect the local unit from…
The immediate impact of recent U.S. tariffs on Indian exports may appear limited, but their secondary and tertiary effects on the economy pose challenges that must be addressed, the Finance Ministry said in a report on Wednesday (August 27, 2025) amid the U.S. effecting a steep 50% tariff on shipments from India. Trump tariffs LIVE…
India is planning dedicated outreach programmes in 40 countries, including the UK, Japan, and South Korea, to push textiles exports amid a 50% tariff imposed by the U.S. on Indian products, an official said on Wednesday. Other nations include Germany, France, Italy, Spain, the Netherlands, Poland, Canada, Mexico, Russia, Belgium, Turkiye, the United Arab Emirates,…
U.S. Treasury Secretary Scott Bessent. File | Photo Credit: Reuters Describing the India-U.S. relationship as “very complicated”, U.S. Treasury Secretary Scott Bessent on Wednesday (August 27, 2025) hoped that “at the end of the day, we will come together.” “This is a very complicated relationship. President (Donald) Trump or Prime Minister (Narendra) Modi have very…
Analysts said bullion’s rally reflects global uncertainty after US President Donald Trump’s unprecedented dismissal of Federal Reserve Governor Lisa Cook, which raised concerns over the Fed’s independence. | Photo Credit: iStockphoto Silver prices surged by Rs 2,000 to hit a fresh peak of Rs 1,20,000 per kilogram in the national capital on Wednesday, as traders…
As the 50 per cent US tariffs on the Indian imports came into effect on Wednesday, the stakeholders of the diamond industry in Surat believe that the market will be affected due to US’ decision only for a short period of time as India controls 90% of diamond production. Jagdish Khunt, who is the President…
The additional 25% tariff imposed by U.S. President Donald Trump on India for its purchases of Russian oil came into effect Wednesday (August 27, 2025), bringing the total amount of levies imposed on New Delhi to 50 per cent. The Department of Homeland Security (DHS), in a draft order published on Monday (August 25, 2025),…
A worker feeds raw cotton into an opener machine at a processing facility in Amritsar on August 25. | Photo Credit: AFP The story so far: Cotton, which is the main raw material for the textile industry, is grown by nearly six million farmers in India. In the wake of declining production, the Central government…
Apex exporters body FIEO on Tuesday (August 26, 2025) expressed serious concerns over high U.S. 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. The U.S. duties on Indian goods will increase to 50% from August…
