The tariffs have significant implications for India, which supplies nearly 47% of generic prescriptions India’s $30-billion pharma industry is staring at a fresh challenge after US President Donald Trump announced that generic medicines imported into the US would face tariffs of 100% from Aug 2028 and 200% a year later, unless companies relocate manufacturing to…
Singapore’s state-owned investor Temasek is widening its scope of investments in India (representative image) MUMBAI: Singapore’s state-owned investor Temasek is widening its scope of investments in India, a market where it has been traditionally focused on consumer, financial services and healthcare spaces.The company will bet on areas such as industrials as the country sharpens its…
Trump’s 25% tariff hits Brazil: Trade tensions deepen as billions in exports at risk A new 25% US tariff on a range of Brazilian goods came into effect on Wednesday, escalating trade tensions between the United States and Brazil despite Washington maintaining a trade surplus with the South American nation.The new duties apply to products…
US stock market today: With stock prices already trading close to record highs, companies are under pressure to at least meet the market’s elevated expectations. US stock market today: Shares of chipmakers and other companies that have benefited from the artificial intelligence boom retreated again on Wednesday, dragging Wall Street lower, while oil prices climbed…
BPCL reported its first quarterly loss in 15 quarters (file photo) State-owned Bharat Petroleum Corporation Ltd (BPCL) on Wednesday reported a consolidated net loss of Rs 3,962.13 crore for the April-June quarter of FY2026-27, its first quarterly loss in 15 quarters, as elevated crude oil prices and regulated fuel prices eroded marketing margins.The company had…
Experts say that if implemented, this could be one of the most significant expansions of India’s social security framework in recent decades. A Universal Provident Fund Scheme that includes workers in the unorganised sector, gig workers and the self-employed is in the works with an aim to provide retirement security to the population. In what…
The report argues that the US has increasingly adopted a negotiation strategy built around uncertainty (Representative image) A long-awaited India-US trade agreement could be signed within the next three to four months, with negotiations between the two countries now virtually complete, a senior US official said on Wednesday.Speaking on the sidelines of the Asean Foreign…
Pakistan continued to lean towards foreign funding in the last fiscal year, with total inflows touching around $27 billion. Saudi Arabia and China continued to roll over billions of dollars in loans, according to a provisional report by the ministry of economic affairs. In the previous fiscal year, the country had borrowed approximately $26 billion,…
Oil prices surged to a two-month high on Wednesday amid growing fears of additional supply disruptions. Stock market crash today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, crashed in trade on Wednesday, losing over 1% in intraday trade. Investors turned risk-averse amid the escalating US-Iran conflict, renewed tariff threats from US President Donald…
Oil market is heating up again with Brent crude already touching its five-week high of more than $94 a barrel as tensions between the US and Iran intensified. As tensions in the Middle East continue to simmer and traders grow cautious, analysts expect crude prices to remain broadly in the $90-100 a barrel range rather…
Trump said generic drug imports would remain exempt from tariffs for the next two years. Beginning in August 2028, they would attract a 100% tariff. (AP photo) In a blow to India’s pharmaceutical industry, the Donald Trump administration has announced up to 200% tariffs on generic drugs that will be applicable in the coming years.US…
Congestion has affected several major ports, including Kandla, Mundra, Jawaharlal Nehru Port (Nhava Sheva) and Chennai. (AI image for representative purpose) Congestion at Indian ports has left several fertiliser-carrying vessels stranded, which has slowed the unloading and onward movement of these essential crop nutrients. This comes at a time when the kharif sowing season is…
Jaishankar and Rubio in Manila External affairs minister S Jaishankar on Wednesday met US secretary of state Marco Rubio in Manila, with the two leaders holding wide-ranging discussions on trade, tariffs, energy, defence, critical minerals, artificial intelligence and regional security.The meeting took place on the sidelines of the Association of Southeast Asian Nations (Asean) foreign…
The Houthis control northern Yemen, including the coastline along the Bab el-Mandeb Strait at the southern entrance to the Red Sea. (Satellite image of Bab el-Mandeb by Reuters) Red Sea oil supply disruptions have begun! Three tankers carrying Saudi Arabia crude oil that were bound for China and India reversed course in the Red Sea…
Stock market recommendations: BSE, Reliance Industries, and PI Industries have been identified as the top stocks to buy today, July 22, 2026, by Mehul Kothari, DVP – Technical Research at Anand Rathi Shares.BSE: Buy Near Ichimoku Cloud SupportBuy: Rs 3,650–Rs 3,600 | Stop Loss: Rs 3,520 | Target: Rs 3,850BSE has witnessed a healthy corrective…
Pharmaceutical stocks came under pressure on Wednesday after US President Donald Trump unveiled a phased tariff plan for imported generic medicines, raising concerns over the long-term outlook for one of the industry’s biggest export markets.The sell-off came even though the proposal gives generic drugmakers a two-year tariff-free window before steep duties are introduced. Nifty Pharma…
Rupee came under pressure in early trade on Wednesday, opening 11 paise lower at 96.36 against the US dollar. The slump came as rising crude oil prices and increased demand for safe-haven assets weighed down the currency.Earlier on Tuesday, rupee had ended at 96.25 against the greenback before slipping at the opening of the interbank…
Stock market today: Sensex, Nifty fall for second day Indian benchmark indices closed lower for the second consecutive session on Tuesday as weakness in HDFC Bank and rising geopolitical tensions in West Asia kept investors on edge. The BSE Sensex fell 238.41 points (0.31%) to close at 77,470.11, while the NSE Nifty50 declined 50.80 points…
Once upon a time, it was just roti, kapda aur makaan.Today, it’s not about roti, kapda, makaan. It is skincare, concert tickets, latest OTT binge, gym memberships, cafe hopping, matcha cravings among other items waiting in your cart.For older generations, every big purchase meant months, sometimes even years, of careful saving. Today, however, payday follows…
US announcing new tariffs on several products imported from Canada and the 25% tariff on Brazilian goods Section 301 Levies May Cover 99% Of US Trade | New Tariffs On Canada & Brazil US announcing new tariffs on several products imported from Canada and the 25% tariff on Brazilian goods Section 301 Levies May Cover…
