[ad_1] The Gems and Jewellery Export Promotion Council (GJEPC) has urged the Centre to announce immediate relief measures after the United States imposed 50 per cent tariffs on Indian goods, a move that exporters say has started hurting the $40 billion industry.The penal duties, which came into effect on August 27, have already disrupted shipments…
[ad_1] Gold prices, which touched fresh record highs in India last week, may face a crucial test in the coming days as global macroeconomic cues and Federal Reserve signals drive investor sentiment, analysts said.The most-traded October contract on the Multi Commodity Exchange (MCX) surged to an all-time high of Rs 1,04,090 per 10 grams on…
[ad_1] The losses faced by Indian textile exporters due to steep reciprocal tariffs imposed by the United States may be cushioned by rising exports to the United Kingdom under the recently concluded India-UK Free Trade Agreement (FTA), CareEdge Ratings said in a report.The ratings agency noted that ongoing negotiations with the European Union could further…
[ad_1] Foreign investors withdrew Rs 34,993 crore (approximately $4 billion) from Indian equity markets in August, representing the most significant divestment in six months. This substantial withdrawal was influenced by US tariffs on Indian exports and high domestic valuations.The outflow was significantly higher than July’s figure of Rs 17,741 crore. Foreign Portfolio Investors’ (FPIs) total…
[ad_1] The specialty fertiliser sector in India could potentially face new supply disruptions as China plans to reenforce export curbs starting October, with potential price increases affecting farmers, according to a senior industry representative.Chinese specialty fertiliser exports have temporarily resumed, offering momentary respite. However, this relief period will conclude as Beijing intends to strengthen export…
[ad_1] Indian shrimp exports are expected to decline by 15-18 per cent this fiscal year after a steep hike in US import tariffs, according to a Crisil Ratings report. The increase, which took effect on August 27, has raised the overall duty burden on Indian shrimp entering the US to 58.26 per cent. The ratings…
[ad_1] Eight of the top-10 highest valued companies saw their combined market value decrease by Rs 2,24,630.45 crore in the previous week, with Reliance Industries and HDFC Bank experiencing the largest declines, following the negative trend in equities.The BSE benchmark index declined by 1,497.2 points, or 1.84 per cent last week.Among the top-10 companies, eight…
[ad_1] India stops postal shipments to US (Representative AI image) India’s postal department has suspended all mail bookings to the United States, following new US governmental regulations that alter the protocol for incoming shipments.The official communication indicated that postal services, including letters, documents and gifts valued up to $100 destined for the US, will not…
[ad_1] Donald Trump (File photo) US President Donald Trump marked Labor Day weekend by spotlighting what the White House described as “nearly $10 trillion” in new investments aimed at American workers, part of what officials are calling a “Golden Age of Prosperity.” “President Trump believes that American workers are the heart and soul of our…
[ad_1] China’s industrial production showed a slight improvement in August but remained in contraction for the fifth consecutive month, as per official figures released on Sunday, while trade negotiations with the United States persist before a new November tariff implementation.The Purchasing Managers’ Index, a crucial industrial output indicator, reached 49.4, according to the National Bureau…