The Department of Commerce is closely studying the potential opportunities that may emerge as a result of recent tariff hikes imposed by the United States, the Ministry of Commerce said on Thursday. The government has confirmed that it is carefully reviewing the implications of the announcements made by the US, with an emphasis on identifying how India can benefit. In addition, the commerce department has been actively engaging with various stakeholders, including Indian industry representatives
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As the world braces for the economic impact of US President Donald Trump’s latest tariff measures, the White House provided a list of exempted commodities. The biggest win? India’s pharmaceutical sector, which has temporarily avoided the new levies. This is significant, as India currently imposes a 10 per cent tariff on American pharma imports, while the US does not charge any duties on Indian pharma products. What’s exempt from Trump’s tariffs? Following the Rose Garden ceremony, the
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President Donald Trump’s tariff announcement on Wednesday triggered significant after-hours trading reactions. Dow Jones lost 751 points, or 1.8%. S&P 500 futures tanked 3% and Nasdaq-100 futures lost 3.8% after hours. Shares of multinational companies were hit. Trump declared at least 10% tariffs on practically all goods imported into the United States. He further revealed a chart, detailing revised tariff rates for most of the country’s trade partners. As soon as the president signed the
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The relief rally seen in the markets in March 2025, according to a Kotak Institutional Equities (KIE) report was ‘an odd mix of fundamentals and sentiment’. That said, the brokerage expects India’s reasonable macroeconomic situation, expectation of normal monsoons and a sluggish global outlook to provide some tailwind for the market. “We can only speculate on the reasons for this odd rally – some investors may have found value in BFSI stocks, some may have
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Mukesh Ambani-led Reliance Industries (RIL) is likely to post muted fourth-quarter margins, according to Goldman Sachs, with earnings growth likely to resume in this financial year (FY). The global research firm highlighted that the market will focus mainly on the retail segment growth trends and the residual tariff hike-driven growth in Jio. “We expect to hear from the company on guidance for retail growth into FY26 and updates to new energy capacity construction progress,” it
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