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import tariffs is unfair as many nations including the US protect their domestic industries by imposing high customs duties on certain products. The highest tariff levied by Japan is 457%, Korea is 887%, the US is 350% while India’s is 150%, it said, suggesting that the US should consider negotiating a free trade agreement with India if it is keen on zero tariff access. As per the GTRI report, the US imposes high duties on items like dairy products at 188%, fruits and vegetables at 132%, cereals and food preparations at 193%, oilseeds, fats and oils at 164%, beverages and tobacco are 150%, and minerals and metals at 187%.

Subscribe to enjoy similar stories. China’s weak consumer economy has claimed another victim: luxury cars. Mercedes-Benz late Thursday became the second luxury carmaker in as many weeks to cut its earnings guidance for the year.

Veronika Rinecker is based in Germany, studied international journalism and media management. She specializes in politics and regulation, energy, blockchain, and fintech. Since 2017, she has been...

Solar Energy Corporation of India (SECI) on Friday pledged to invest 180 billion rupees ($2.16 bln) in equity for renewable capacity expansion by 2030, and announced plans to go public in the next one to two years. Large power producers in India have been investing heavily in renewables and committing to expand green energy capacities, in tandem with the government's aim to add at least 500 GW of clean energy by 2030 to reduce carbon emissions.

Dara Shukoh, the favorite son and favored successor of the Mughal Emperor Shahjahan who built the Taj Mahal.It was the last text he wrote, published in 1655 circa, which led to his humiliation, defeat and eventual death. He was tortured and beheaded for blasphemy by his brother Aurangzeb, because of his “Confluence of two seas”, where he attempted to bring together Hinduism and Islam.

Subscribe to enjoy similar stories. Donald Trump this week pivoted to embrace a niche constituency that few would have expected him to champion—cryptocurrencies and the deep-pocketed investors who have made them their domain.

foreign exchange reserves extended their winning run for a fifth straight week to hit a record high of $689.46 billion as of Sept. 13, data from the central bank showed on Friday. The reserves rose by $220 million in the reporting week, after having risen by a total of $19.1 billion in the prior four weeks.

Shares of MphasiS Ltd.(up 1.69 per cent), Tech Mahindra Ltd.(up 1.68 per cent), Persistent Systems Ltd.(up 1.36 per cent), HCL Technologies Ltd.(up 1.36 per cent) and Wipro Ltd.(up 1.08 per cent) ended the day as top gainers in the pack.

HDFC Bank has given its in-principle approval to take its financial services unit HDB Financial Services public through an initial public offering (IPO). Under the IPO, the fresh equity sale will be Rs 2,500 crore. There will be an offer-for-sale component, where interested existing and eligible shareholders of the company may offer to tender their equity shares.

Betting on elections remains on hold after a federal appeals court did not issue a decision Thursday in a case involving whether such bets should be allowed

«We clearly believe that at this point of time, if you look at risk reward, largecap is where risk reward looks far better compared to midcaps and smallcaps,» says Harshad Patwardhan, CIO, Union MF. We were speaking with our technical expert earlier and he is talking about 26,000 on the index as soon as next week. What about the top of the year because at 24,000 we thought that perhaps fundamentals are not running as fast as the valuations, 25,000 same questions being asked about valuations, but it just seems like it is all about liquidity, momentum, and flows. Harshad Patwardhan: Absolutely right, fundamentals do assert themselves over medium to long term. But in the near term, clearly the liquidity or the demand-supply tends to overwhelm fundamentals. However, I must point out that medium- to long-term fundamentals of Indian economy, corporate sector look very-very robust. So, to that extent, yes, sometimes the valuations will run ahead of themselves. Stocks and sectors will run ahead of themselves but so long as the medium- to long-term trajectory you are sure of, these things tend to happen. So, I do not really worry too much about it. Having said that, we clearly believe that at this point of time, if you look at risk reward, largecap is where risk reward looks far better compared to midcaps and smallcaps.

European shares slipped on Friday after a rally in the previous session spurred by the U.S. Federal Reserve's outsized interest rate cut, while shares of Mercedes were set for their worst day in 15 months after the automaker cut its core profit outlook. The pan-European STOXX 600 index fell 0.4% to 519.76 points as of 0805 GMT but was on track for a second straight week of gains.

Bitcoin (BTC) was trading higher by over 2% around 1:15 pm at $63,547.72 extending its 7-day gains to 10%. Meanwhile, altcoins like Etherium (ETH), BNB, Solana, XRP, Dogecoin, Tron, Cardano, Shiba Inu and Avalanche surged up to 9%. The top gainer was Avalanche with 9% uptick and its 7-sessions gains has now gone at 18%.

Free Trade Agreement in goods will figure during the visit of Commerce and Industry Minister Piyush Goyal to Laos, an official statement said on Friday. The two-day visit of Goyal to Vientiane, Laos, started from Friday. He is there to participate in the 21st ASEAN-India Economic Ministers (AEM-India) meeting and the 12th East Asia Summit Economic Ministers Meeting (EAS EMM). These annual meetings of ASEAN (Association of South East Asian Nations) with their dialogue partners are being hosted by Laos, the ASEAN Chair for this year.

Cholamandalam Investment & Finance Company Ltd. dropped 0.09 per cent to Rs 1595.0 at 01:18PM (IST) in Friday's trade. The counter has hit a high of Rs 1609.9 and low of Rs 1584.5 so far during the session. The stock had closed at Rs 1596.55 in the previous session. The counter has had a total traded volume of 9847 shares so far with a value of Rs 1.57 crore on the NSE. It traded at a price-to-earnings multiple of 36.56 and a price-to-book ratio of 4.96.

Cochin Shipyard shares are also in focus as the company will begin trading on an ex-dividend basis from Monday for a dividend of Rs 2.25 per share, declared earlier this month. Today is the last day to purchase shares to qualify for this dividend. The shares have advanced by an impressive 246% over the last year, while in the past six months, the stock has surged by 110%. Year-to-date, the shares have gained 170.7%, according to BSE analytics.

«Maybe near-term resistance at 25,700, 25,800 cannot be ruled out, but buy the dip should be the strategy. Eventually we expect Nifty to head towards 26,200 in the coming weeks. So, yes, buy the dip should be the strategy,» says Dharmesh Shah, ICICI Direct. Let us begin by discussing some of these large private banking names itself. ICICI Bank making fresh records high. HDFC Bank, a powering move of around 2%. What do you make of this strength in Bank Nifty and do you expect it to continue in the coming week? Dharmesh Shah: We believe this momentum should continue. And if you look at the Bank Nifty, I think that has given a major breakout and we expect this Bank Nifty to head towards 55,500 for the near term. So, yes, Nifty looks positive. Maybe near-term resistance at 25,700, 25,800 cannot be ruled out, but buy the dip should be the strategy. Eventually we expect Nifty to head towards 26,200 in the coming weeks. So, yes, buy the dip should be the strategy.

Subscribe to enjoy similar stories. Shares of IIFL Finance Ltd surged nearly 9% in Friday’s early trade after the Reserve Bank of India (RBI) revoked the ban on the company’s gold loan business. As a result, IIFL can now resume disbursing and selling gold loans.

Bombay High Court has directed Apollo Tyres Ltd. to stop circulating advertisements that allegedly disparage CEAT Ltd’s car tyre variant ‘Crossdrive AT’ until further order, granting temporary relief to the RPG group-owned listed tyre company. In a recent order, the court said that CEAT has made out a strong prima facie case for the grant of ad-interim relief in its petition, alleging that some advertisements for Apollo Tyres’ variant ‘Apterra AT2’ shared through YouTube, Instagram, X, LinkedIn and Facebook portray ‘Crossdrive AT’ in a negative light. “The balance of convenience is in favour of the plaintiff (CEAT Ltd),” Justice RI Chagla observed in his 16-page interim order. “Unless reliefs as prayed for are granted, the Plaintiff will suffer irreparable harm/injury which cannot be compensated in terms of money.”

Havells India Ltd. traded 1.8 per cent up in Friday's trade at 12:58PM (IST). Around 14,629 shares changed hands on the counter. The counter opened at Rs 1995.1 and touched an intraday high and low of Rs 2035.0 and Rs 1990.6, respectively, in the session so far. The stock of Havells India Ltd. quoted a 52-week high of Rs 2035.0 and a 52-week low of Rs 1233.1.

Ashok Leyland Ltd. fell 0.04 per cent to Rs 237.65 at 01:02PM hours (IST) on Friday. Earlier in the day, the stock saw a gap up start to the session. As per data available on BSE, total traded quantity on the counter stood at 357,514 shares with a turnover of Rs 8.5 crore till 01:02PM (IST). The stock traded at a price-to-earnings (P/E) multiple of 28.5, while the price-to-book value ratio stood at 5.58.