International Financial News

Nifty Pharma index dropping 0.9%, as investors digested U.S. President Donald Trump’s move to impose a 25% tariff on auto imports starting next week. The move drew backlash from global carmakers and stoked fears of escalating trade tensions. Auto stocks extended their two-day decline to 2%. Mahindra & Mahindra shares dropped 2.8% on Friday, while Tata Motors tumbled 6% over the last three sessions amid fears of a 25% tariff on auto exports to the U.S. Analysts warn that Tata-owned Jaguar Land Rover (JLR) could be particularly affected.

Subscribe to enjoy similar stories. Nearly a dozen foundations and philanthropists including Amazon founder Jeff Bezos and his parents, Jackie and Miguel Bezos, the Gates Foundation, and the Rockefeller Foundation, pledged more than $2 billion to address global child malnutrition at an event in Paris on Thursday evening. The financial commitments were announced at a Nutrition for Growth Summit event co-hosted by the Washington nonprofit Stronger Foundations for Nutrition—which works with philanthropies globally to direct funding to nutritional interventions—and the OECD Network of Foundations Working for Development.

Silver May futures were trading around Rs 1,01,500/kg, up by 0.18% or Rs 187.

Samvardhana Motherson International Ltd (SMIL) advanced 3.8% to their intraday high of Rs 137 on the BSE after the company stated that the recently announced US tariffs on imported products, including automotive components, are not expected to materially impact its financials at present. In a regulatory filing on Thursday, SMIL informed exchanges that a significant portion of its products supplied to U.S. customers are either manufactured domestically within the U.S. or are compliant with the United States-Mexico-Canada Agreement (USMCA). Based on this, the company has assessed that the Executive Orders issued by the U.S. government imposing tariffs are unlikely to have a significant financial effect.

BEIJING — In the latest step toward building a revenue-generating robotaxi business, Chinese start-up Pony.ai said it has obtained China's first permit to charge fares for fully driverless taxis in core parts of a business district of Shenzhen.

Shashi Tharoor has welcomed US President Donald Trump's recent recognition of India's voter ID system in his latest executive order aimed at overhauling the US federal election process. Trump's order mandates proof of citizenship for federal elections and imposes new restrictions on mail-in voting, drawing comparisons with election systems in India and other countries. Reacting to Trump's remarks, Tharoor highlighted that India has had a robust voter verification system since 1952.

Subscribe to enjoy similar stories. New Delhi: In a show of soft power, India is upgrading and expanding it vaccine storage infrastructure into an international centre to handhold other developing countries in harnessing the global immunization supply chain. The expansion of the National Cold Chain and Vaccine Management Resource Centre (NCCVMRC) into an International Centre for Excellence in Immunization and Supply Chain will be done in phases.

Tata Motors tumbled more than 5% on Thursday after US President Donald Trump declared a 25% tariff on imports of cars and components effective April 2. The parent of British luxury carmaker Jaguar Land Rover slumped as much as 6.7% during the day, closing 5.5% lower at ₹669.5 apiece.

Donald Trump has yet again reignited his contentious push to annex Greenland, citing national security reasons. His administration has not ruled out economic or military action, prompting strong criticism from Greenlanders and Danish leaders. As Vice President JD Vance prepares to visit, tensions over America's ambitions escalate. Greenland and Denmark have sharply criticized Vice President JD Vance's planned visit to the Arctic island. Despite opposition, Donald Trump insists that «the world needs us to have Greenland,» raising concerns about future US policy.

humanitarian parole program for Cuban, Haitian, Nicaraguan, and Venezuelan migrants has placed Cuban American Republicans in a political dilemma. Many now face pressure to either support ending the Biden-era program—popular among their communities—or break ranks with former President Trump, whom they overwhelmingly back. The program, which allowed over 500,000 migrants to live and work in the U.S. for up to two years with sponsors, disproportionately benefited Cubans, the largest group of beneficiaries.

Lines of Credit and Concessional Financing Scheme, through a lending bank to six partner countries during January 2022-January 2025, the Parliament was informed on Thursday. Minister of State for External Affairs Kirti Vardhan Singh said this in a written response to a query in Rajya Sabha. The Ministry of External Affairs was asked the details of foreign aid, developmental assistance, and loans provided by India to other countries between January 2022 and January 2025. «Government of India has offered new loans, under the Lines of Credit (LOCs) and Concessional Financing Scheme (CFS), through a lending bank to six partner countries during January 2022-January 2025. »The total amount of loans offered to these partner countries during the above-mentioned period stands at over USD 3.73 billion. This excludes disbursements for ongoing projects under earlier LOCs," the minister said. The MEA was also asked the details of foreign aid, developmental assistance, and loans received by India from other countries between January 2022 and January 2025.

geopolitical landscape", External Affairs Minister S Jaishankar said on Thursday, as he underlined that the «era of multipolarity» necessitates greater cooperation between the two nations. In an online video address to the conference — 'Russia and India: Towards a New Bilateral Agenda' — he said «further enhancement of the Special and Privileged Strategic Partnership between India and Russia continues to be a shared foreign policy priority». The conference is being hosted by the Russian International Affairs Council (RIAC) and the Indian Embassy in Moscow. In his address, Jaishankar said India «immensely values» its relationship with Russia and the two nations «remain committed to nurturing this deep friendship and exploring new frontiers of cooperation». «This relationship with deep historical roots, and a long tradition of trust and mutual respect, continues to expand and deepen, in the backdrop of a dynamic world order,» the external affairs minister said. Russian foreign minister Sergey Lavrov is also taking part in the conference.

Highcroft – listed on the International Stock Exchange – was valued at 842.1p per share or £43.8m, a premium of 40.4% to the closing price of 600p on 26 March. The respective boards have agreed to the takeover via an all-share offer, which will see Highcroft shareholders receive 4.65 LondonMetric shares per Highcroft share as well as an interim dividend of 35p per Highcroft share, payable on 16 May.  Warehouse REIT agrees to 'final' indicative cash offer proposal from Blackstone Highcroft shareholders who retain their new LondonMetric shares once the acquisition has completed, will...

While established IT hubs such as Bengaluru, Pune, and Hyderabad continue to dominate, Nagpur is emerging as a formidable player in this digital revolution. Once considered a Tier-II city, Nagpur is now gaining traction as a center for AI-powered financial solutions, cloud computing, and fintech innovations. With a thriving IT ecosystem and increasing global investments, the city is leveraging GenAI to enhance customer experiences, drive automation, and accelerate digital transformation. Corpay Technologies: A catalyst for change in Nagpur’s tech landscape A significant contributor to this transformation is Corpay Technologies India Private Limited, a Global Capacity Centre (GCC) based in Nagpur. The company has been making waves internationally, reinforcing Nagpur’s position on the global IT map. Corpay Technologies India Private Limited is a part of Corpay Inc., a NASDAQ-listed company headquartered in Atlanta, Georgia, USA. Operating in over 150 countries, Corpay Inc. boasts an annual revenue of over $4 billion and an adjusted net income exceeding $1 billion, making it one of the global leaders in financial technology. Corpay has cemented its position as an industry leader across three core business verticals:

Shares of Hero MotoCorp Ltd.(up 3.46 per cent), TVS Motor Company Ltd.(up 1.09 per cent), Bosch Ltd.(up 1.01 per cent) and Exide Industries Ltd.(up 0.27 per cent) ended the day as top gainers in the pack.

The previous season's runners-up made an early impact by posting the league’s second-highest total. As SRH gets ready for today’s match, it’s unlikely they’ll change their aggressive approach, making it possible for them to become the first team to score 300 runs in an IPL inning. In the first five matches, 119 sixes were hit, with 30 coming from the SRH-RR game. The Sunrisers will be eager to take on the LSG bowling attack, which is missing key players Avesh Khan, Mayank Yadav, Mohsin Khan, and Akash Deep due to injuries.Avesh has been cleared to return, but it will be interesting to see how he fares in his first match since January. He’ll face SRH’s strong top order, including Ishan Kishan, Travis Head, and Abhishek Sharma, all in excellent form. Nitish Kumar Reddy, making a comeback from injury, showed no signs of trouble with a rapid 30 off 15 balls. With Heinrich Klaasen waiting in the wings, LSG's bowling attack faces a significant challenge.

Amazon and Flipkart this month, seizing items that did not meet quality control standards, as it increased its scrutiny of the two firms. Last week, the Bureau of Indian Standards conducted similar searches at the companies' warehouses in the southern state of Tamil Nadu, saying they stored, sold, and exhibited items that did not have a required standards label. Amazon and Walmart-owned Flipkart have said they comply with local laws. They did not immediately respond to Reuters' requests for comment on the Delhi raids.

H3C, has flagged potential shortages of Nvidia's H20 chip, the most advanced AI processor legally available domestically under U.S. export controls, in a client notice seen by Reuters. The potential supply crunch could create obstacles for China's artificial intelligence ambitions at a time when its tech firms are aggressively expanding their investments in AI. «H20's international supply chain faces significant uncertainties,» the company said in Tuesday's notice, adding that current inventory was nearly depleted.

Tesla struggles with falling sales and share price and global protests against his brand for his support to US President Donald Trump, its CEO Elon Musk looks at India with hope. Long seen as a potential disruptor for India's EV, Tesla is finally entering India, opening a showroom in Mumbai to sell its imported cars and has plans to set up a manufacturing plant in Maharashtra. However, Tesla has lost years dilly-dallying on its India entry and meanwhile Indian EV makers have grown enough to make things difficult for it. Many think the company may not after all be able to disrupt the Indian market in any significant way nor reap any huge dividends. Tesla may face another big challenge in India. Its global rival BYD (Build Your Dreams), which sells cars imported from China in India, could be planning to manufacture in the country. According to unconfirmed media reports, the Chinese EV giant is planning to set up a factory in Telangana. BYD, together with Indian EV makers such as Mahindra and Tata; the JV between India's JSW and China's MG Motor; and Korean and Japanese automakers CAN make it difficult for Tesla to benefit from the Indian market in any substantial way.

Indian fishermen detained in Sri Lanka during the question hour in Rajya Sabha on Thursday, External Affairs Minister S Jaishanker said that the current government inherited the situation due to events that can be traced back to 1974 and 1976. Jaishankar detailed Sri Lanka's legal framework, stating, «Sri Lanka has two laws--the Fisheries and Aquatic Resources Act of 1996 and the Fisheries Regulation of Foreign Fishing Boats of 1979. Both these acts were amended in 2018 and 2023, providing for much stiffer sentences, bigger fines, and greater detention.» He explained that many of those serving sentences are boat owners, skippers, or repeat offenders, complicating resolution efforts. He stated that the «root cause» of the ongoing issue related to the detention of Indian fishermen in Sri Lanka began in 1974 when the international maritime boundary line was drawn, followed by an exchange of letters in 1976 with Sri Lanka delineating fishing jurisdiction. «The house is aware that, in a way, our government has inherited the problem. This problem began in 1974 when the international maritime boundary line was drawn, followed by an exchange of letters in 1976 delineating fishing jurisdiction. These decisions are the root cause of the situation,» EAM said while replying to the question raised by DMK MP Tiruchi Siva.

«This is pulling back investment and it is likely to have slightly inflationary impacts in the US in particular, which means slightly more elevated interest rates and this is going to impact Asia-Pacific through tighter monetary policy,» says Vishrut Rana, S&P Global Ratings. Let me first up ask you about the tariffs, the impact that this is going to have globally. We have been getting a lot of commentary. At one point in time you think that Trump is going to go all out, all aggressive. This morning you got comments where he said April 2nd is when he will put the reciprocal tariffs, but they will be lenient. How should one read into all of these developments and react to that? Vishrut Rana: Indeed in these highly uncertain times a lot to watch out for. So, the impact of tariffs on the global economy is going to be significant. We think that it is already having an impact in terms of delaying investment plans for firms across the region until there is more clarity in terms of where the trade tensions are going to materialise.