On April 9, rate-sensitive stocks like banks, NBFCs, and auto companies did better than the broader market, after the Reserve Bank of India (RBI) reduced the repo rate by 25 basis points. The new repo rate is now 6.25%, down from 6.5% earlier. Along with this cut, the RBI also changed its policy stance to […]
Banking, NBFC and auto stocks perform better as RBI cuts repo rate and turns supportive Read More »
US President Donald Trump has said that his government is planning a big tariff on imported medicines. This move is to push pharma companies to make their products inside America instead of depending on countries like China and India. Speaking at a political event, Trump said that a “major” tariff is coming soon. He did
Trump to impose major import tariff on medicines, could impact Indian pharma exports Read More »
boAt’s parent company, Imagine Marketing Ltd, has filed draft documents with SEBI for a public listing worth Rs 2,000 crore. The filing has been made through the confidential pre-filing route, which keeps IPO details private in the early stage. This is the company’s second time planning to go public. In 2022, it had filed for
boAt parent Imagine Marketing secretly files draft papers for Rs 2,000 crore IPO Read More »
Tensions between the US and China are rising again after former US President Donald Trump threatened a fresh 50% tariff on Chinese imports. In response, China has strongly warned that it will take strict countermeasures to protect its own rights and economy. China’s Commerce Ministry released a statement early Tuesday calling the US move “completely
China warns of strong counteraction as US plans fresh 50% tariff hike under Trump Read More »
After a sharp fall earlier this week, Chinese stock markets saw a strong rebound on Tuesday. This recovery came as China’s central bank and government-backed funds stepped in to support the falling market. The Hang Seng China Enterprises Index jumped by 3.5%, recovering from its worst trading day since the 2008 financial crisis. At the
On April 7, the Government of India increased the excise duty on both petrol and diesel by Rs 2 per litre. However, this increase will not affect retail prices at petrol pumps for Indian consumers. According to the latest notification from the Department of Revenue, the new excise rates will be effective from April 8,
Govt hikes excise duty on petrol and diesel by Rs 2 per litre, no change in pump prices Read More »
Starting from tomorrow, the price of domestic LPG cylinders will go up by Rs 50, as announced by Union Petroleum Minister Hardeep Singh Puri. The cost of a standard 14.2-kg cylinder will rise from Rs 803 to Rs 853 for regular users. For Ujjwala Yojana beneficiaries, the new price will be Rs 553 per cylinder,
Asian stock markets saw heavy losses on Monday as fears of a global trade war increased. Japan’s Nikkei index crashed 6%, falling to levels last seen in late 2023. Other Asian markets also faced deep cuts. South Korea’s index fell 5%, Chinese blue-chip stocks dropped 4.4%, and Taiwan’s market tumbled nearly 10% after a two-day
Asian stock markets crash as global trade war fears grow, Nikkei down 6% Read More »
The Indian government has increased its monitoring of goods coming from China after the United States raised tariffs on many global trade partners, including China. This move is meant to prevent a possible rise in cheap Chinese goods entering India, which could hurt local industries. The Department of Commerce, led by Commerce Secretary Sunil Barthwal,
India increases checks on Chinese imports as US tariffs raise dumping risks Read More »
The Union Cabinet on April 4 gave its approval to four major railway projects in Maharashtra, Odisha, and Chhattisgarh, with a total estimated investment of Rs 18,658 crore. These projects aim to boost India’s railway infrastructure by expanding the current rail network by about 1,247 kilometres. These multitracking projects are being undertaken by Indian Railways
